SGX:C31

Stock Analysis Report

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Executive Summary

CapitaLand Limited, together with its subsidiaries, develops, owns, leases, manages, and sells real estate properties in Singapore, rest of Asia, North America, Europe, the United Kingdom, and internationally. More Details


Snowflake Analysis

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has CapitaLand's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: C31 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: C31's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.3%

C31

1.8%

SG Real Estate

1.4%

SG Market


1 Year Return

-9.9%

C31

-9.6%

SG Real Estate

-3.9%

SG Market

Return vs Industry: C31 exceeded the SG Real Estate industry which returned -11.5% over the past year.

Return vs Market: C31 underperformed the SG Market which returned -6.1% over the past year.


Shareholder returns

C31IndustryMarket
7 Day2.3%1.8%1.4%
30 Day-2.8%-1.5%-0.8%
90 Day1.3%1.5%4.2%
1 Year-6.2%-9.9%-6.3%-9.6%1.2%-3.9%
3 Year-1.5%-11.4%-20.5%-27.5%-8.2%-19.5%
5 Year17.9%0.3%2.1%-11.7%14.9%-6.1%

Long-Term Price Volatility Vs. Market

How volatile is CapitaLand's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CapitaLand undervalued compared to its fair value and its price relative to the market?

11.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: C31 (SGD3.18) is trading above our estimate of fair value (SGD1.44)

Significantly Below Fair Value: C31 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: C31 is unprofitable, so we can't compare its PE Ratio to the SG Real Estate industry average.

PE vs Market: C31 is unprofitable, so we can't compare its PE Ratio to the SG market.


Price to Earnings Growth Ratio

PEG Ratio: C31 is unprofitable, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: C31 is overvalued based on its PB Ratio (0.7x) compared to the SG Real Estate industry average (0.5x).


Next Steps

Future Growth

How is CapitaLand forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

60.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C31 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: C31 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: C31's is expected to become profitable in the next 3 years.

Revenue vs Market: C31's revenue (4.7% per year) is forecast to grow slower than the SG market (9% per year).

High Growth Revenue: C31's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: C31's Return on Equity is forecast to be low in 3 years time (5.8%).


Next Steps

Past Performance

How has CapitaLand performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C31 is currently unprofitable.

Growing Profit Margin: C31 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: C31 is unprofitable, and losses have increased over the past 5 years at a rate of 6.3% per year.

Accelerating Growth: Unable to compare C31's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: C31 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-40.9%).


Return on Equity

High ROE: C31 has a negative Return on Equity (-4.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is CapitaLand's financial position?


Financial Position Analysis

Short Term Liabilities: C31's short term assets (SGD19.4B) exceed its short term liabilities (SGD13.7B).

Long Term Liabilities: C31's short term assets (SGD19.4B) do not cover its long term liabilities (SGD32.3B).


Debt to Equity History and Analysis

Debt Level: C31's debt to equity ratio (89.7%) is considered high.

Reducing Debt: C31's debt to equity ratio has increased from 66% to 89.7% over the past 5 years.

Debt Coverage: C31's debt is not well covered by operating cash flow (4.5%).

Interest Coverage: C31 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is CapitaLand current dividend yield, its reliability and sustainability?

2.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: C31's dividend (2.83%) is higher than the bottom 25% of dividend payers in the SG market (2.01%).

High Dividend: C31's dividend (2.83%) is low compared to the top 25% of dividend payers in the SG market (4.88%).


Stability and Growth of Payments

Stable Dividend: C31's dividend payments have been volatile in the past 10 years.

Growing Dividend: C31's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.5%), C31's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: C31's dividends in 3 years are forecast to be well covered by earnings (49.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Chee Koon Lee (45 yo)

2.42yrs

Tenure

S$6,535,267

Compensation

Mr. Chee Koon Lee has been Executive Non Independent Director at CapitaLand Ltd. since January 01, 2019. He has been President & Group Chief Executive Officer at CapitaLand Ltd. since September 15, 2018. M...


CEO Compensation Analysis

Compensation vs Market: Chee Koon's total compensation ($USD4.95M) is about average for companies of similar size in the SG market ($USD4.95M).

Compensation vs Earnings: Chee Koon's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chee Koon Lee
Group CEO & Executive Non Independent Director2.42yrsS$6.54m0.025%
SGD 4.1m
Cho Pin Lim
Group Chief Financial Officer4.08yrsno datano data
Grace Chen
Head of Investor Relationsno datano datano data
Bee Leng Tan
Head of Group Communicationsno datano datano data
Seng Tan
Chief Corporate & People Officer3.08yrsno datano data
Juan Thong Leow
President of Singapore & International2.42yrsno datano data
Jen Yuh Loh
President of China2.42yrsno datano data
Chin Yee Leong
Chief Sustainability Officer2.08yrsno datano data
Jihong He
CEO of Data Centre & Chief Corporate Strategy Officer1.58yrsno datano data
Hwee Tin Kng
Chief Executive Officer of Finance & Corporate Services - China1.33yrsno datano data
Paul Toussaint
Managing Director of Capitaland Australiano datano datano data
Tee Hieong Tan
Chief Executive Officer of CapitaLand Mall Trust Management Limited3.75yrsno datano data

2.4yrs

Average Tenure

53yo

Average Age

Experienced Management: C31's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chee Koon Lee
Group CEO & Executive Non Independent Director2.42yrsS$6.54m0.025%
SGD 4.1m
Kee Ng
Non-Executive Independent Chairman of the Board8.75yrsS$750.00k0.0095%
SGD 1.6m
Ching-Yen Lee
Independent Non-Executive Director8.08yrsS$180.60k0.0021%
SGD 345.5k
Philip Nalliah Pillai
Independent Non-Executive Director6.83yrsS$180.00k0.0017%
SGD 278.4k
Amirsham Bin Abdul Aziz
Independent Non-Executive Director8.58yrsS$233.79k0.0029%
SGD 491.4k
Teck Koon Kee
Independent Non-Executive Director6.42yrsS$186.80k0.0017%
SGD 278.4k
Kai Kwun Ko
Non-Executive Non-Independent Deputy Chairman1.5yrsS$95.02kno data
Chee Kheong Mah
Independent Non-Executive Director4yrsS$225.03k0.0020%
SGD 335.5k
Swee Chen Goh
Independent Non-Executive Director3.42yrsS$137.80k0.00067%
SGD 112.4k
Meng Liang Lim
Independent Non-Executive Director3.5yrsS$169.30kno data
Weng Kin Lim
Independent Non-Executive Director3.5yrsS$152.90k0.00070%
SGD 117.4k

4.0yrs

Average Tenure

64yo

Average Age

Experienced Board: C31's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.


Top Shareholders

Company Information

CapitaLand Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CapitaLand Limited
  • Ticker: C31
  • Exchange: SGX
  • Founded: 1989
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: S$16.773b
  • Shares outstanding: 5.19b
  • Website: https://www.capitaland.com

Number of Employees


Location

  • CapitaLand Limited
  • No. 30-01, Capital Tower
  • 168 Robinson Road
  • Singapore
  • 68912
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLLD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2000
C31SGX (Singapore Exchange)YesOrdinary SharesSGSGDNov 2000
PLFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2000
CLLD.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJun 2003

Biography

CapitaLand Limited, together with its subsidiaries, develops, owns, leases, manages, and sells real estate properties in Singapore, rest of Asia, North America, Europe, the United Kingdom, and internationa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 11:07
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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 here.