Jardine Cycle & Carriage Future Growth

Future criteria checks 1/6

Jardine Cycle & Carriage is forecast to grow earnings and revenue by 2.9% and 2.5% per annum respectively. EPS is expected to grow by 4% per annum. Return on equity is forecast to be 12.4% in 3 years.

Key information

2.9%

Earnings growth rate

4.0%

EPS growth rate

Industrials earnings growth	17.1%
Revenue growth rate	2.5%
Future return on equity	12.4%
Analyst coverage	Low
Last updated	21 Jan 2025

Recent future growth updates

Recent updates

Jardine Cycle & Carriage Limited's (SGX:C07) Intrinsic Value Is Potentially 88% Above Its Share Price

Jan 28

Is Jardine Cycle & Carriage (SGX:C07) Using Too Much Debt?

Dec 04

Jardine Cycle & Carriage Limited's (SGX:C07) Earnings Are Not Doing Enough For Some Investors

Nov 12

Here's Why We Think Jardine Cycle & Carriage (SGX:C07) Might Deserve Your Attention Today

Oct 19

Most Shareholders Will Probably Agree With Jardine Cycle & Carriage Limited's (SGX:C07) CEO Compensation

Apr 22

Earnings and Revenue Growth Forecasts

SGX:C07 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	22,617	1,114	938	2,180	4
12/31/2025	22,494	1,098	953	2,137	5
12/31/2024	21,689	1,043	1,149	2,264	5
6/30/2024	21,362	1,050	1,512	2,789	N/A
3/31/2024	21,798	1,133	1,225	2,630	N/A
12/31/2023	22,235	1,215	938	2,471	N/A
9/30/2023	22,302	1,058	1,271	2,693	N/A
6/30/2023	22,470	901	1,604	2,915	N/A
3/31/2023	22,018	820	1,786	2,883	N/A
12/31/2022	21,566	740	1,967	2,851	N/A
9/30/2022	20,824	831	2,260	3,034	N/A
6/30/2022	20,082	922	2,552	3,218	N/A
3/31/2022	18,885	791	2,541	3,123	N/A
12/31/2021	17,688	661	2,529	3,028	N/A
9/30/2021	16,307	563	2,765	3,217	N/A
6/30/2021	14,927	466	3,001	3,405	N/A
3/31/2021	14,080	503	2,657	3,080	N/A
12/31/2020	13,234	540	2,314	2,754	N/A
9/30/2020	14,597	573	1,583	2,146	N/A
6/30/2020	16,029	755	1,236	1,920	N/A
3/31/2020	17,172	719	953	1,764	N/A
12/31/2019	18,591	881	677	1,712	N/A
9/30/2019	18,917	773	1,202	2,287	N/A
6/30/2019	18,960	672	1,499	2,648	N/A
3/31/2019	19,065	597	856	1,978	N/A
12/31/2018	18,992	418	1,560	2,614	N/A
9/30/2018	18,593	708	1,140	2,196	N/A
6/30/2018	18,172	713	509	1,454	N/A
3/31/2018	17,831	862	N/A	1,746	N/A
12/31/2017	17,337	939	N/A	1,655	N/A
9/30/2017	16,859	793	N/A	1,413	N/A
6/30/2017	16,414	773	N/A	1,621	N/A
3/31/2017	16,264	773	N/A	1,335	N/A
12/31/2016	15,764	702	N/A	1,417	N/A
9/30/2016	15,414	665	N/A	1,527	N/A
6/30/2016	15,184	659	N/A	1,599	N/A
3/31/2016	15,348	655	N/A	1,599	N/A
12/31/2015	15,718	691	N/A	1,848	N/A
9/30/2015	16,499	714	N/A	1,805	N/A
6/30/2015	17,410	746	N/A	1,516	N/A
3/31/2015	18,023	779	N/A	1,669	N/A
12/31/2014	18,675	820	N/A	1,240	N/A
9/30/2014	18,854	887	N/A	1,227	N/A
6/30/2014	18,887	896	N/A	1,599	N/A
3/31/2014	19,247	902	N/A	1,530	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: C07's forecast earnings growth (2.9% per year) is above the savings rate (2.2%).

Earnings vs Market: C07's earnings (2.9% per year) are forecast to grow slower than the SG market (11.3% per year).

High Growth Earnings: C07's earnings are forecast to grow, but not significantly.

Revenue vs Market: C07's revenue (2.5% per year) is forecast to grow slower than the SG market (3.8% per year).

High Growth Revenue: C07's revenue (2.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: C07's Return on Equity is forecast to be low in 3 years time (12.4%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/07 18:46
End of Day Share Price	2025/02/07 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Jardine Cycle & Carriage Limited is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Yu Jie Lo	BofA Global Research
Shui Lung Choi	Citigroup Inc
Ming Jie Kiang	CLSA

Jardine Cycle & Carriage Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 11%

Recent updates

Jardine Cycle & Carriage Limited's (SGX:C07) Intrinsic Value Is Potentially 88% Above Its Share Price

Jardine Cycle & Carriage Limited Announces Demise of Mikkel Larsen, Non-Executive Independent Director (also member of ARC)

Is Jardine Cycle & Carriage (SGX:C07) Using Too Much Debt?

Jardine Cycle & Carriage Limited's (SGX:C07) Earnings Are Not Doing Enough For Some Investors

Now 21% undervalued

Jardine Cycle & Carriage Limited to Report Q3, 2024 Results on Oct 30, 2024

Here's Why We Think Jardine Cycle & Carriage (SGX:C07) Might Deserve Your Attention Today

The Returns At Jardine Cycle & Carriage (SGX:C07) Aren't Growing

Now 21% undervalued

High number of new directors

Sunrise Equity Company Limited completed the acquisition of an additional 25.54% stake in Siam City Cement Public Company Limited (SET:SCCC) from Jardine Cycle & Carriage Limited (SGX:C07).

Sunrise Equity Company Limited completed the acquisition of an additional 25.54% stake in Siam City Cement Public Company Limited (SET:SCCC) from Jardine Cycle & Carriage Limited (SGX:C07).

Sunrise Equity Company Limited agreed to acquire an additional 25.54% stake in Siam City Cement Public Company Limited (SET:SCCC) from Jardine Cycle & Carriage Limited (SGX:C07) for THB 12.1 billion

Jardine Cycle & Carriage Limited to Report Fiscal Year 2024 Results on Feb 28, 2025

First half 2024 earnings released: EPS: US$1.22 (vs US$1.64 in 1H 2023)

First half dividend of US$0.28 announced

Jardine Cycle & Carriage Limited Declares Interim One-Tier Tax Exempt Dividend for the Financial Year Ending December 31, 2024, Payable on October 4, 2024

Jardine Cycle & Carriage (SGX:C07) Seems To Use Debt Quite Sensibly

Now 21% undervalued

A Look At The Intrinsic Value Of Jardine Cycle & Carriage Limited (SGX:C07)

Upcoming dividend of US$0.90 per share

Now 20% undervalued after recent price drop

Returns Are Gaining Momentum At Jardine Cycle & Carriage (SGX:C07)

Jardine Cycle & Carriage Limited Announces Stepping Down of Marty Natalegawa as Non-Executive Independent Director and Nominating Committee Member

Jardine Cycle & Carriage Limited Approves Final One-Tier Tax Exempt Dividend for the Year Ended 31 December 2023

Most Shareholders Will Probably Agree With Jardine Cycle & Carriage Limited's (SGX:C07) CEO Compensation

Now 20% undervalued after recent price drop

Consensus EPS estimates increase by 11%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Jardine Cycle & Carriage Limited to Report First Half, 2024 Results on Aug 01, 2024

Jardine Cycle & Carriage Limited Proposes Final One-Tier Tax-Exempt Dividend for the Financial Year Ended 31 December 2023

Final dividend of US$0.90 announced

New major risk - Revenue and earnings growth

Jardine Cycle & Carriage Limited, Annual General Meeting, Apr 29, 2024

Full year 2023 earnings released: EPS: US$3.08 (vs US$1.87 in FY 2022)

Jardine Cycle & Carriage Limited Announces Appointment of Mikkel Larsen as Non-Executive Member Audit & Risk Committee

Jardine Cycle & Carriage Limited Announces Appointment of Mikkel Larsen as A Non-Executive Independent Director

Upcoming dividend of US$0.28 per share at 4.6% yield

Group MD & Director recently bought S$644k worth of stock

First half 2023 earnings released: EPS: US$1.64 (vs US$1.23 in 1H 2022)

Jardine Cycle & Carriage Limited Declares Interim One-Tier Tax Exempt Dividend for the Financial Year Ending 31 December 2023, Payable on October 6, 2023

Upcoming dividend of US$0.83 per share at 4.2% yield

Jardine Cycle & Carriage Limited Proposes Final One Tier Tax Exempt Dividend for the Year Ended December 31, 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2022 earnings released: EPS: US$1.87 (vs US$1.67 in FY 2021)

Now 20% undervalued after recent price drop

M&G Real Estate signed a sale and purchase agreement to acquire Four Car Showrooms in Singapore from Jardine Cycle & Carriage Limited (SGX:C07).

Jardine Cycle & Carriage Limited to Report Fiscal Year 2022 Results on Feb 28, 2023

Jardine Cycle & Carriage Limited (SGX:C07) completed the acquisiition of Cycle & Carriage Bintang Berhad (KLSE:CCB).

Upcoming dividend of US$0.28 per share

First half 2022 earnings released: EPS: US$1.23 (vs US$0.57 in 1H 2021)

Jardine Cycle & Carriage Limited Declares Interim One-Tier Tax Exempt Dividend for the Financial Year Ending 31 December 2022, Payable on 29 September 2022

Jardine Cycle & Carriage Limited Announces Stepping Down of Anthony Nightingale as Non-Executive Director

High number of new directors

Upcoming dividend of US$0.62 per share

High number of new directors

Jardine Cycle & Carriage Limited Proposes Final One-Tier Tax Exempt Dividend for the Year Ended December 31, 2021

Jardine Cycle & Carriage Limited Announces Board Changes

Jardine Cycle & Carriage Limited Proposes Final One-Tier Tax-Exempt Dividend for the Financial Year Ended 31 December 2021, Payable on 29 June 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of US$0.18 per share

First half 2021 earnings released: EPS US$0.57 (vs US$0.76 in 1H 2020)

Jardine Cycle & Carriage Limited (SGX:C07) entered into a sale and purchase agreement to acquire remaining 30% stake in Republic Auto Pte Ltd. from Car Pro (S) Pte Ltd for SGD 30 million.

Jardine Cycle & Carriage Limited (SGX:C07) made an offer to acquire remaining 40.9% stake in Cycle & Carriage Bintang Berhad (KLSE:CCB) for approximately MYR 98.9 million.

Jardine Cycle & Carriage Limited Announces Striking Off of Dormant Subsidiary, CCL Indo-China Investments Pte Ltd

Investor sentiment improved over the past week

New 90-day high: S$22.00

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources