Jardine Cycle & Carriage Valuation

Q: What is the Fair Price of C07 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

C07 (SGD27.76) is trading below our estimate of [[fair value]] (SGD33.74)

Is C07 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of C07 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: C07 (SGD27.76) is trading below our estimate of fair value (SGD33.74)

Significantly Below Fair Value: C07 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C07?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for C07. This is calculated by dividing C07's market cap by their current preferred multiple.
What is C07's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$8.39b

C07 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	6.3x
PEG Ratio	4.6x

Price to Earnings Ratio vs Peers

How does C07's PE Ratio compare to its peers?

The above table shows the PE ratio for C07 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	44.5x
BN4 Keppel	14.9x	11.6%	S$11.1b
J36 Jardine Matheson Holdings	131.2x	46.0%	US$10.5b
S63 Singapore Technologies Engineering	21.7x	11.2%	S$13.9b
BS6 Yangzijiang Shipbuilding (Holdings)	10.2x	11.1%	S$10.2b
C07 Jardine Cycle & Carriage	8x	1.7%	S$11.0b

Price-To-Earnings vs Peers: C07 is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (44.5x).

Price to Earnings Ratio vs Industry

How does C07's PE Ratio compare vs other companies in the Asian Industrials Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	14.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	14.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: C07 is good value based on its Price-To-Earnings Ratio (8x) compared to the Asian Industrials industry average (12.2x).

Price to Earnings Ratio vs Fair Ratio

What is C07's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

C07 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8x
Fair PE Ratio	13.1x

Price-To-Earnings vs Fair Ratio: C07 is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst C07 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	S$27.76	S$25.26 -9.0%	8.6%	S$27.91	S$22.52	n/a	5
Aug ’25	S$25.88	S$25.60 -1.1%	9.0%	S$28.75	S$22.50	n/a	5
Jul ’25	S$26.46	S$26.15 -1.2%	10.6%	S$29.62	S$22.55	n/a	5
Jun ’25	S$25.74	S$27.31 +6.1%	8.9%	S$30.15	S$24.52	n/a	4
May ’25	S$26.50	S$27.31 +3.1%	8.9%	S$30.15	S$24.52	n/a	4
Apr ’25	S$24.02	S$26.35 +9.7%	8.6%	S$29.54	S$24.50	n/a	3
Mar ’25	S$25.00	S$26.20 +4.8%	9.2%	S$29.54	S$24.05	n/a	3
Feb ’25	S$26.10	S$30.94 +18.6%	16.4%	S$36.03	S$24.01	n/a	3
Jan ’25	S$29.76	S$33.89 +13.9%	4.8%	S$36.20	S$32.54	n/a	3
Dec ’24	S$29.12	S$33.89 +16.4%	4.8%	S$36.20	S$32.54	n/a	3
Nov ’24	S$28.38	S$34.68 +22.2%	4.4%	S$36.72	S$33.01	n/a	3
Oct ’24	S$31.93	S$35.24 +10.4%	6.7%	S$38.48	S$32.97	n/a	3
Sep ’24	S$33.42	S$35.09 +5.0%	6.4%	S$38.21	S$33.04	S$27.67	3
Aug ’24	S$34.00	S$34.82 +2.4%	5.5%	S$37.45	S$32.96	S$25.88	3
Jul ’24	S$34.80	S$35.71 +2.6%	6.1%	S$38.44	S$33.10	S$26.46	3
Jun ’24	S$32.14	S$36.06 +12.2%	7.7%	S$39.72	S$32.97	S$25.74	3
May ’24	S$33.88	S$35.32 +4.2%	4.6%	S$37.45	S$33.48	S$26.50	3
Apr ’24	S$31.28	S$34.78 +11.2%	5.2%	S$37.31	S$33.36	S$24.02	3
Mar ’24	S$29.78	S$34.69 +16.5%	3.5%	S$36.39	S$33.69	S$25.00	3
Feb ’24	S$29.49	S$34.04 +15.4%	7.6%	S$37.30	S$31.00	S$26.10	3
Jan ’24	S$28.60	S$34.04 +19.0%	7.6%	S$37.30	S$31.00	S$29.76	3
Dec ’23	S$29.83	S$34.04 +14.1%	7.6%	S$37.30	S$31.00	S$29.12	3
Nov ’23	S$30.07	S$35.55 +18.2%	5.4%	S$38.21	S$33.75	S$28.38	3
Oct ’23	S$33.79	S$34.47 +2.0%	6.9%	S$37.55	S$31.77	S$31.93	3
Sep ’23	S$33.42	S$34.47 +3.1%	6.9%	S$37.55	S$31.77	S$33.42	3

Analyst Forecast: Target price is lower than the current share price.