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.

C09 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	3/6
Financial Health	2/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (4.9x) is below the SG market (11.3x)

Revenue is forecast to grow 6.54% per year

Earnings grew by 1671.9% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 37.9% per year for the next 3 years

Interest payments are not well covered by earnings

Dividend of 4.05% is not well covered

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

City Developments Limited Competitors

UOL Group

SGX:U14

S$5.6b

Singapore Land Group

SGX:U06

S$3.0b

Far East Orchard

SGX:O10

S$489.0m

OUE

SGX:LJ3

S$889.6m

Price History & Performance

Summary of all time highs, changes and price drops for City Developments
Historical stock prices
Current Share Price	S$6.92
52 Week High	S$8.70
52 Week Low	S$6.70
Beta	0.92
1 Month Change	0.14%
3 Month Change	-5.72%
1 Year Change	-16.63%
3 Year Change	-19.44%
5 Year Change	-38.27%
Change since IPO	109.70%

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

Recent updates

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

City Developments' (SGX:C09) Stock Price Has Reduced 37% In The Past Three Years

Nov 22

Shareholder Returns

	C09	SG Real Estate	SG Market
7D	2.1%	-0.03%	0.6%
1Y	-16.6%	-14.3%	-4.8%

Return vs Industry: C09 underperformed the SG Real Estate industry which returned -14.8% over the past year.

Return vs Market: C09 underperformed the SG Market which returned -5.3% over the past year.

Price Volatility

Is C09's price volatile compared to industry and market?
C09 volatility
C09 Average Weekly Movement	2.5%
Real Estate Industry Average Movement	4.3%
Market Average Movement	5.1%
10% most volatile stocks in SG Market	13.9%
10% least volatile stocks in SG Market	2.2%

Stable Share Price: C09 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

Founded	Employees	CEO	Website
1963	n/a	Sherman Kwek	https://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$6.28b
Earnings (TTM)	S$1.27b
Revenue (TTM)	S$3.29b

4.9x

P/E Ratio

1.9x

P/S Ratio

Is C09 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
C09 income statement (TTM)
Revenue	S$3.29b
Cost of Revenue	S$2.05b
Gross Profit	S$1.25b
Other Expenses	-S$25.47m
Earnings	S$1.27b

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.40
Gross Margin	37.86%
Net Profit Margin	38.64%
Debt/Equity Ratio	103.0%

How did C09 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

6%

Payout Ratio

C09 Stock Overview

Rewards

Risk Analysis

City Developments Limited Competitors

SGX:U14

S$5.6b

SGX:U06

S$3.0b

SGX:O10

S$489.0m

SGX:LJ3

S$889.6m

Price History & Performance

Recent News & Updates

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

Recent updates

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)

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

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

Head of Corporate Secretarial Services Department & Company Secretary has left the company

City Developments Limited Approves Final One-Tier Tax-Exempt Ordinary Dividend for Fiscal Year 2020 Payable on 21 May 2021

Lead Independent Director has left the company

Independent Non-Executive Director has left the company

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

Upcoming dividend of S$0.12 per share

Full year 2020 earnings released: S$2.13 loss per share (vs S$0.61 profit in FY 2019)

City Developments Limited Proposes Special Final One-Tier Tax-Exempt Ordinary Dividend for Financial Year 2020

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

Revenue and earnings miss expectations

Full year 2020 earnings released: S$2.13 loss per share (vs S$0.61 profit in FY 2019)

City Developments Limited' Suzhou Jin Cheng Hao Chuang Investment Management Co. with Shanghai CF Enterprise Group Co., Ltd. Incorporates Joint Venture Company

City Developments Limited (SGX:C09) entered into agreement to acquire 55% stake in Shenzhen Longgang Tusincere Tech Park from Chongqing Xiexin Yuanchuang Industrial Co., Ltd. and Ping An Insurance (Group) Company of China, Ltd. (SEHK:2318).

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

City Developments Limited to Report Fiscal Year 2020 Results on Feb 26, 2021

New 90-day low: S$7.18

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

City Developments Limited Announces Executive Appointments

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

City Developments Limited Announces Board Changes

City Developments Limited Announces Resignation of Koh Thiam Hock as an Independent Non-Executive Director and A Member of Each of the Audit & Risk Committee, Remuneration Committee and Board Committee

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