City Developments Limited

SGX:C09 Stock Report

Market Cap: S$6.4b

City Developments Future Growth

Future criteria checks 3/6

City Developments is forecast to grow earnings and revenue by 19% and 14.4% per annum respectively. EPS is expected to grow by 26.8% per annum. Return on equity is forecast to be 5% in 3 years.

Key information

19.0%

Earnings growth rate

26.83%

EPS growth rate

Real Estate earnings growth18.7%
Revenue growth rate14.4%
Future return on equity5.01%
Analyst coverage

Good

Last updated02 Oct 2025

Recent future growth updates

Recent updates

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

Oct 05
Is City Developments (SGX:C09) A Risky Investment?

City Developments (SGX:C09) Has Affirmed Its Dividend Of SGD0.03

Aug 18
City Developments (SGX:C09) Has Affirmed Its Dividend Of SGD0.03

Capital Recycling And Global Expansion Will Unlock Value

Key Takeaways Divestment of non-core assets and international expansion into resilient sectors are boosting revenue stability, asset values, and positioning for long-term demand trends. Emphasis on sustainability, fund management, and digitalization enhances operational efficiency, strengthens margins, and increases recurring income, reducing reliance on cyclical property development.

City Developments Limited's (SGX:C09) P/E Is Still On The Mark Following 25% Share Price Bounce

Jul 25
City Developments Limited's (SGX:C09) P/E Is Still On The Mark Following 25% Share Price Bounce

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

Jul 01
Is City Developments (SGX:C09) Using Too Much Debt?

City Developments Limited (SGX:C09) Shares Could Be 31% Below Their Intrinsic Value Estimate

May 19
City Developments Limited (SGX:C09) Shares Could Be 31% Below Their Intrinsic Value Estimate

Earnings Troubles May Signal Larger Issues for City Developments (SGX:C09) Shareholders

Apr 15
Earnings Troubles May Signal Larger Issues for City Developments (SGX:C09) Shareholders

City Developments (SGX:C09) Will Pay A Dividend Of SGD0.08

Apr 08
City Developments (SGX:C09) Will Pay A Dividend Of SGD0.08

City Developments (SGX:C09) Is Due To Pay A Dividend Of SGD0.08

Mar 03
City Developments (SGX:C09) Is Due To Pay A Dividend Of SGD0.08

Is City Developments Limited (SGX:C09) Worth S$5.1 Based On Its Intrinsic Value?

Jan 10
Is City Developments Limited (SGX:C09) Worth S$5.1 Based On Its Intrinsic Value?

City Developments Limited's (SGX:C09) Business Is Yet to Catch Up With Its Share Price

Oct 25
City Developments Limited's (SGX:C09) Business Is Yet to Catch Up With Its Share Price

Earnings and Revenue Growth Forecasts

SGX:C09 - Analysts future estimates and past financials data (SGD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20274,8084506911,25910
12/31/20263,98235866996212
12/31/20253,5124173171,75111
6/30/20253,397195-538-63N/A
3/31/20253,334193102434N/A
12/31/20243,271191743930N/A
9/30/20243,536259669911N/A
6/30/20243,800328617892N/A
3/31/20244,371316644921N/A
12/31/20234,941305671950N/A
9/30/20234,733262459675N/A
6/30/20234,525219247400N/A
3/31/20233,9097463137N/A
12/31/20223,2931,272-241-126N/A
9/30/20223,1001,24865191N/A
6/30/20222,9061,223371508N/A
3/31/20222,766648681821N/A
12/31/20212,626729911,134N/A
9/30/20212,427-947748950N/A
6/30/20212,228-1,966506766N/A
3/31/20212,168-1,948-59205N/A
12/31/20202,108-1,930-624-356N/A
9/30/20202,538-886-379-168N/A
6/30/20202,905193-273-102N/A
3/31/20203,219350169360N/A
12/31/20193,429552617836N/A
9/30/20193,270542608842N/A
6/30/20193,402600683892N/A
3/31/20193,911659N/A-349N/A
12/31/20184,223544N/A-600N/A
9/30/20184,762632N/A-365N/A
6/30/20184,609606N/A-375N/A
3/31/20184,103499N/A968N/A
12/31/20173,829509N/A1,087N/A
9/30/20173,668587N/A988N/A
6/30/20173,727611N/A1,329N/A
3/31/20173,966631N/A1,086N/A
12/31/20163,905640N/A1,181N/A
9/30/20163,593807N/A378N/A
6/30/20163,480743N/A-11N/A
3/31/20163,212743N/A166N/A
12/31/20153,304760N/A78N/A
9/30/20153,296735N/A847N/A
6/30/20153,808756N/A513N/A
3/31/20153,845760N/A278N/A
12/31/20143,764757N/A292N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: C09's forecast earnings growth (19% per year) is above the savings rate (2.4%).

Earnings vs Market: C09's earnings (19% per year) are forecast to grow faster than the SG market (6.7% per year).

High Growth Earnings: C09's earnings are forecast to grow, but not significantly.

Revenue vs Market: C09's revenue (14.4% per year) is forecast to grow faster than the SG market (3.8% per year).

High Growth Revenue: C09's revenue (14.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: C09's Return on Equity is forecast to be low in 3 years time (5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/07 10:22
End of Day Share Price 2025/10/07 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

City Developments Limited is covered by 35 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tricia SongBarclays
Chin Hong PangBNP Paribas Securities (Asia)
Donald ChuaBofA Global Research