City Developments (SGX:C09) - Stock Price, News & Analysis

C09 Stock Overview

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions.

About the company

C09 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	1/6
Financial Health	2/6
Dividends	2/6

Rewards

Trading at 63.1% below our estimate of its fair value

Earnings are forecast to grow 11.95% per year

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (6.2%) are lower than last year (38.6%)

Large one-off items impacting financial results

City Developments Limited Competitors

UOL Group

SGX:U14

S$4.9b

Singapore Land Group

SGX:U06

S$2.6b

OUE

SGX:LJ3

S$899.2m

Far East Orchard

SGX:O10

S$492.6m

Price History & Performance

Summary of all time highs, changes and price drops for City Developments
Historical stock prices
Current Share Price	S$5.92
52 Week High	S$7.50
52 Week Low	S$5.55
Beta	0.85
1 Month Change	0.17%
3 Month Change	-5.73%
1 Year Change	-19.67%
3 Year Change	-26.00%
5 Year Change	-33.78%
Change since IPO	79.39%

Shareholders May Not Be So Generous With City Developments Limited's (SGX:C09) CEO Compensation And Here's Why

Apr 17

City Developments' (SGX:C09) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Apr 01

Is City Developments (SGX:C09) Using Too Much Debt?

Mar 22

Recent updates

Shareholders May Not Be So Generous With City Developments Limited's (SGX:C09) CEO Compensation And Here's Why

Apr 17

City Developments' (SGX:C09) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Apr 01

Is City Developments (SGX:C09) Using Too Much Debt?

Mar 22

City Developments Limited Just Missed Earnings - But Analysts Have Updated Their Models

Mar 01

City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 77% Above Its Share Price

Dec 08

Is There Now An Opportunity In City Developments Limited (SGX:C09)?

Nov 20

Is City Developments (SGX:C09) A Risky Investment?

Nov 01

City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 46% Above Its Share Price

Sep 04

At S$7.12, Is It Time To Put City Developments Limited (SGX:C09) On Your Watch List?

Aug 09

These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

May 19

Is There Now An Opportunity In City Developments Limited (SGX:C09)?

Apr 20

These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

Dec 23

Is There An Opportunity With City Developments Limited's (SGX:C09) 35% Undervaluation?

Aug 03

Why City Developments Limited (SGX:C09) Could Be Worth Watching

Jul 06

A Look At The Fair Value Of City Developments Limited (SGX:C09)

Apr 30

Is City Developments (SGX:C09) Using Too Much Debt?

Mar 25

City Developments'(SGX:C09) Share Price Is Down 44% Over The Past Three Years.

Feb 21

Something To Consider Before Buying City Developments Limited (SGX:C09) For The 2.7% Dividend

Jan 24

What Type Of Shareholders Own The Most Number of City Developments Limited (SGX:C09) Shares?

Jan 06

Are City Developments's (SGX:C09) Statutory Earnings A Good Guide To Its Underlying Profitability?

Dec 19

Is City Developments Limited (SGX:C09) Potentially Undervalued?

Dec 06

Shareholder Returns

	C09	SG Real Estate	SG Market
7D	5.5%	2.6%	3.1%
1Y	-19.7%	-23.8%	-4.8%

Return vs Industry: C09 exceeded the SG Real Estate industry which returned -26.5% over the past year.

Return vs Market: C09 underperformed the SG Market which returned -7.9% over the past year.

Price Volatility

Is C09's price volatile compared to industry and market?
C09 volatility
C09 Average Weekly Movement	3.1%
Real Estate Industry Average Movement	4.0%
Market Average Movement	5.0%
10% most volatile stocks in SG Market	16.0%
10% least volatile stocks in SG Market	2.2%

Stable Share Price: C09 has not had significant price volatility in the past 3 months.

Volatility Over Time: C09's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1963	8,083	Sherman Kwek	www.cdl.com.sg

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

City Developments Limited Fundamentals Summary

How do City Developments's earnings and revenue compare to its market cap?
C09 fundamental statistics
Market cap	S$5.31b
Earnings (TTM)	S$305.06m
Revenue (TTM)	S$4.94b

17.4x

P/E Ratio

1.1x

P/S Ratio

Is C09 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
C09 income statement (TTM)
Revenue	S$4.94b
Cost of Revenue	S$3.29b
Gross Profit	S$1.65b
Other Expenses	S$1.34b
Earnings	S$305.06m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.34
Gross Margin	33.36%
Net Profit Margin	6.17%
Debt/Equity Ratio	122.0%

How did C09 perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

24%

Payout Ratio

Does C09 pay a reliable dividends?

See C09 dividend history and benchmarks

When do you need to buy C09 by to receive an upcoming dividend?
City Developments dividend dates
Ex Dividend Date	May 03 2024
Dividend Pay Date	May 21 2024
Days until Ex dividend	9 days
Days until Dividend pay date	27 days

Does C09 pay a reliable dividends?

See C09 dividend history and benchmarks

C09 Stock Overview

Rewards

Risk Analysis

City Developments Limited Competitors

SGX:U14

S$4.9b

SGX:U06

S$2.6b

SGX:LJ3

S$899.2m

SGX:O10

S$492.6m

Price History & Performance

Recent News & Updates

Shareholders May Not Be So Generous With City Developments Limited's (SGX:C09) CEO Compensation And Here's Why

City Developments' (SGX:C09) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Is City Developments (SGX:C09) Using Too Much Debt?

New minor risk - Earnings quality

Consensus revenue estimates increase by 11%, EPS downgraded

Final dividend of S$0.08 announced

Recent updates

Shareholders May Not Be So Generous With City Developments Limited's (SGX:C09) CEO Compensation And Here's Why

City Developments' (SGX:C09) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Is City Developments (SGX:C09) Using Too Much Debt?

New minor risk - Earnings quality

Consensus revenue estimates increase by 11%, EPS downgraded

Final dividend of S$0.08 announced

City Developments Limited Just Missed Earnings - But Analysts Have Updated Their Models

Developments Limited (SGX:C09) acquired Summervale Properties Pte Ltd. for SGD 2.

Full year 2023 earnings released: EPS: S$0.34 (vs S$1.40 in FY 2022)

City Developments Limited (SGX:C09) acquired 209 co-living studio units Yardhouse in White City, London for £88 million.

City Developments Limited to Report Q4, 2023 Results on Feb 28, 2024

City Developments Limited Provides Earnings Guidance for the Full Year Ending 31 December 2023

City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 77% Above Its Share Price

Is There Now An Opportunity In City Developments Limited (SGX:C09)?

Galliard Homes Limited and City Developments Limited (SGX:C09) acquired 13.8-acre Morden Wharf development in the Royal Borough of Greenwich from U and I Group PLC and Morden College.

Is City Developments (SGX:C09) A Risky Investment?

City Developments Limited (SGX:C09) acquired Portfolio of tokyo residential rental freehold assets from BentallGreenOak (U.S.) Limited Partnership for JPY 35 billion.

City Developments Limited Announces Resignation of Tan Li Lian as Group Chief Human Resources Officer, Effective on September 30, 2023

City Developments Limited's (SGX:C09) Intrinsic Value Is Potentially 46% Above Its Share Price

Consensus revenue estimates increase by 12%, EPS downgraded

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: S$0.066 (vs S$1.23 in 1H 2022)

At S$7.12, Is It Time To Put City Developments Limited (SGX:C09) On Your Watch List?

City Developments Limited to Report First Half, 2023 Results on Aug 10, 2023

City Developments Limited Approves Special Final One-Tier Tax-Exempt Ordinary Dividend for the Fiscal Year 2022

These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

Upcoming dividend of S$0.16 per share at 3.8% yield

Is There Now An Opportunity In City Developments Limited (SGX:C09)?

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2022 earnings: EPS and revenues exceed analyst expectations

City Developments Limited to Report Fiscal Year 2022 Results on Feb 23, 2023

City Developments Limited Appoints Tan Li Lian as the Group Chief Human Resources Officer

These 4 Measures Indicate That City Developments (SGX:C09) Is Using Debt Extensively

City Developments Limited (SGX:C09) acquired Four Purpose-Built Student Accommodation Assets In UK for approximately £190 million.

City Developments Limited (SGX:C09) acquired Four Purpose-Built Student Accommodation Assets In UK for £85 million.

High number of new directors

What Does City Developments Limited's (SGX:C09) Share Price Indicate?

Consensus forecasts updated

Consensus forecasts updated

City Developments (SGX:C09) Takes On Some Risk With Its Use Of Debt

First half 2022 earnings released: EPS: S$1.24 (vs S$0.042 loss in 1H 2021)

City Developments Limited Declares Tax-Exempt (One-Tier) Special Interim Dividend for the Financial Year Ending 31 December 2022

City Developments Limited to Report First Half, 2022 Results on Aug 11, 2022

City Developments Limited Announces Resignation of Frank Khoo Shao Hong as Group Chief Investment Officer

City Developments Limited (SGX:C09) and HThree Capital Pte.Ltd agreed to acquire 18-storey building in downtown Melbourne from AMP Capital Investors Limited for $162 million.

City Developments Limited Approves Special Final One-Tier Tax-Exempt Ordinary Dividend for the Fiscal Year 2021, Payable on 26 May 2022

City Developments Limited (SGX:C09) acquired 179,007 sq ft site at 798 and 800 Upper Bukit Timah Road for SGD 126.3 million.

City Developments Limited, Annual General Meeting, May 24, 2022

High number of new and inexperienced directors

Full year 2021 earnings: EPS and revenues miss analyst expectations

City Developments Limited, Annual General Meeting, Apr 28, 2022

City Developments Limited, Annual General Meeting, Apr 28, 2022

City Developments Limited Announces Special Dividend for Fiscal Year 2021

Full year 2021 earnings: EPS and revenues miss analyst expectations

What Is City Developments Limited's (SGX:C09) Share Price Doing?

Is City Developments (SGX:C09) Using Debt Sensibly?

Is City Developments (SGX:C09) Using Too Much Debt?

Upcoming dividend of S$0.03 per share

First half 2021 earnings released: S$0.042 loss per share (vs S$0.004 loss in 1H 2020)