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Jardine Matheson Holdings LimitedSGX:J36 Stock Report

Market Cap US$17.4b
Share Price
US$58.75
My Fair Value
US$70
16.1% undervalued intrinsic discount
1Y51.1%
7D-4.8%
Portfolio Value
​
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Jardine Matheson Holdings Limited

SGX:J36 Stock Report

Market Cap: US$17.4b

Jardine Matheson Holdings (J36) Stock Overview

Operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally. More details

J36 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends4/6

Rewards

Earnings are forecast to grow 44.72% per year

Earnings grew by 25% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Large one-off items impacting financial results

Dividend of 3.83% is not well covered by earnings


J36 Community Fair Values

Create Narrative

See what 12 others think this stock is worth. Follow their fair value or set your own to get alerts.

J36 logo
Jardine Matheson Holdings

Share Buybacks And Improved Margins Will Support Robust Expansion Ahead

Key Takeaways Portfolio shifts and targeted investments in high-growth sectors are set to boost profitability and unlock shareholder value as governance improves. Expansions in Southeast Asia and retail modernization position the group for strong revenue growth amid rising regional trade and urbanization trends.
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US$70
FV
16.1% undervalued intrinsic discount
2.42%
Revenue growth p.a.
0users have liked this narrative
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5users have followed this narrative
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Jardine Matheson Holdings

Southeast Asia's Urban Rise And E-Commerce Will Unlock New Opportunities

Key Takeaways Strategic management changes, digital investments, and portfolio simplification are expected to drive margin expansion, higher returns, and lower earnings volatility. Strong exposure to premium property and Southeast Asia's rising middle class positions Jardine Matheson for robust long-term profit and asset growth.
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US$68.1
FV
13.7% undervalued intrinsic discount
6.33%
Revenue growth p.a.
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0users have followed this narrative
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Jardine Matheson Holdings

Geopolitical Tensions And Regulatory Risks Will Erode Value

Key Takeaways Overexposure to Greater China and regulatory risks threaten revenue stability, while digital transformation lag risks sustained market share loss to tech-savvy rivals. ESG pressures, high operational complexity, and limited synergies may compress margins, dampen valuations, and constrain shareholder value growth.
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US$46.5
FV
26.3% overvalued intrinsic discount
-3.03%
Revenue growth p.a.
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0users have followed this narrative
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US$9.21
18.9% overvalued intrinsic discount
Jolt_Communications Fair Value
Revenue growth
64.98% p.a.
Profit Margin
15%
Future PE
35x
Share price in 2030
US$14.83

Jardine Matheson Holdings Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Jardine Matheson Holdings
Historical stock prices
Current Share PriceUS$58.75
52 Week HighUS$71.20
52 Week LowUS$36.01
Beta0.44
1 Month Change-8.91%
3 Month Change4.95%
1 Year Change51.11%
3 Year Change21.71%
5 Year Change28.28%
Change since IPO89.52%

Recent News & Updates

Investors Appear Satisfied With Jardine Matheson Holdings Limited's (SGX:J36) Prospects

Oct 27
Investors Appear Satisfied With Jardine Matheson Holdings Limited's (SGX:J36) Prospects

Does Jardine Matheson Holdings (SGX:J36) Have A Healthy Balance Sheet?

Aug 25
Does Jardine Matheson Holdings (SGX:J36) Have A Healthy Balance Sheet?

Recent updates

Investors Appear Satisfied With Jardine Matheson Holdings Limited's (SGX:J36) Prospects

Oct 27
Investors Appear Satisfied With Jardine Matheson Holdings Limited's (SGX:J36) Prospects

Does Jardine Matheson Holdings (SGX:J36) Have A Healthy Balance Sheet?

Aug 25
Does Jardine Matheson Holdings (SGX:J36) Have A Healthy Balance Sheet?

Jardine Matheson Holdings Limited (SGX:J36) Investors Are Less Pessimistic Than Expected

Jul 27
Jardine Matheson Holdings Limited (SGX:J36) Investors Are Less Pessimistic Than Expected

Is There An Opportunity With Jardine Matheson Holdings Limited's (SGX:J36) 28% Undervaluation?

May 14
Is There An Opportunity With Jardine Matheson Holdings Limited's (SGX:J36) 28% Undervaluation?

Shareholders Should Be Pleased With Jardine Matheson Holdings Limited's (SGX:J36) Price

Apr 27
Shareholders Should Be Pleased With Jardine Matheson Holdings Limited's (SGX:J36) Price

Jardine Matheson Holdings (SGX:J36) Has A Somewhat Strained Balance Sheet

Apr 07
Jardine Matheson Holdings (SGX:J36) Has A Somewhat Strained Balance Sheet
User avatar

Mandarin Oriental Will Expand Asset-Light Strategy To Double Management Portfolio

Jardine Matheson's focus on leadership and shareholder-aligned incentives aims to boost long-term growth, improving management efficiency and net margins.

Why Investors Shouldn't Be Surprised By Jardine Matheson Holdings Limited's (SGX:J36) Low P/S

Jan 15
Why Investors Shouldn't Be Surprised By Jardine Matheson Holdings Limited's (SGX:J36) Low P/S

Is Jardine Matheson Holdings Limited (SGX:J36) Worth US$45.5 Based On Its Intrinsic Value?

Dec 05
Is Jardine Matheson Holdings Limited (SGX:J36) Worth US$45.5 Based On Its Intrinsic Value?

Shareholder Returns

J36SG IndustrialsSG Market
7D-4.8%2.7%0.07%
1Y51.1%14.7%23.7%

Return vs Industry: J36 exceeded the SG Industrials industry which returned 14.7% over the past year.

Return vs Market: J36 exceeded the SG Market which returned 23.7% over the past year.

Price Volatility

Is J36's price volatile compared to industry and market?
J36 volatility
J36 Average Weekly Movement4.3%
Industrials Industry Average Movement4.2%
Market Average Movement5.4%
10% most volatile stocks in SG Market17.1%
10% least volatile stocks in SG Market2.2%

Stable Share Price: J36 has not had significant price volatility in the past 3 months compared to the SG market.

Volatility Over Time: J36's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1832443,000John Wittwww.jardines.com

Jardine Matheson Holdings Limited operates in motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, and transport businesses in China, Southeast Asia, and internationally. It is also involved in the restaurants and hotels, financial services, heavy equipment, mining, and agribusinesses. The company offers automotive and transport services, as well as invests in, develops, and manages residential, commercial, and mixed-use properties.

Jardine Matheson Holdings Limited Fundamentals Summary

How do Jardine Matheson Holdings's earnings and revenue compare to its market cap?
J36 fundamental statistics
Market capUS$17.38b
Earnings (TTM)US$100.00m
Revenue (TTM)US$35.58b
173.8x
P/E Ratio
0.5x
P/S Ratio

Is J36 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
J36 income statement (TTM)
RevenueUS$35.58b
Cost of RevenueUS$25.64b
Gross ProfitUS$9.94b
Other ExpensesUS$9.84b
EarningsUS$100.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.34
Gross Margin27.94%
Net Profit Margin0.28%
Debt/Equity Ratio28.1%

How did J36 perform over the long term?

See historical performance and comparison

Dividends

3.8%
Current Dividend Yield
656%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/01 01:14
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 Matheson Holdings Limited is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Boon Chong TngCGS International
Shui Lung ChoiCitigroup Inc
Leif EskesenCLSA