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

Average dividend payer and fair value.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

C31

-0.7%

SG Real Estate

0.3%

SG Market


1 Year Return

-23.9%

C31

-22.0%

SG Real Estate

-21.8%

SG Market

Return vs Industry: C31 underperformed the SG Real Estate industry which returned -22% over the past year.

Return vs Market: C31 underperformed the SG Market which returned -21.8% over the past year.


Shareholder returns

C31IndustryMarket
7 Day-1.8%-0.7%0.3%
30 Day-4.0%-1.3%-1.7%
90 Day-7.9%-6.1%-5.1%
1 Year-20.8%-23.9%-19.2%-22.0%-17.5%-21.8%
3 Year-16.4%-24.8%-27.5%-33.9%-17.6%-27.6%
5 Year14.5%-2.6%-8.8%-21.3%0.4%-18.1%

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?

9.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: C31 (SGD2.67) is trading above our estimate of fair value (SGD1.21)

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


Price To Earnings Ratio

PE vs Industry: C31 is good value based on its PE Ratio (9.9x) compared to the SG Real Estate industry average (11x).

PE vs Market: C31 is good value based on its PE Ratio (9.9x) compared to the SG market (12.7x).


Price to Earnings Growth Ratio

PEG Ratio: C31 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: C31's PB Ratio (0.6x) is in line with the SG Real Estate industry average.


Next Steps

Future Growth

How is CapitaLand forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

17.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C31's forecast earnings growth (17.6% per year) is above the savings rate (2.2%).

Earnings vs Market: C31's earnings (17.6% per year) are forecast to grow slower than the SG market (21.8% per year).

High Growth Earnings: C31's earnings are forecast to grow, but not significantly.

Revenue vs Market: C31's revenue (11.6% per year) is forecast to grow faster than the SG market (6.3% per year).

High Growth Revenue: C31's revenue (11.6% 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 (6.8%).


Next Steps

Past Performance

How has CapitaLand performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C31 has high quality earnings.

Growing Profit Margin: C31's current net profit margins (22.1%) are lower than last year (34.1%).


Past Earnings Growth Analysis

Earnings Trend: C31's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: C31's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: C31 had negative earnings growth (-20.8%) over the past year, making it difficult to compare to the Real Estate industry average (-34.4%).


Return on Equity

High ROE: C31's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

How is CapitaLand's financial position?


Financial Position Analysis

Short Term Liabilities: C31's short term assets (SGD18.0B) exceed its short term liabilities (SGD14.1B).

Long Term Liabilities: C31's short term assets (SGD18.0B) do not cover its long term liabilities (SGD30.2B).


Debt to Equity History and Analysis

Debt Level: C31's debt to equity ratio (79.8%) is considered high.

Reducing Debt: C31's debt to equity ratio has increased from 67% to 79.8% over the past 5 years.

Debt Coverage: C31's debt is not well covered by operating cash flow (6%).

Interest Coverage: C31's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


Next Steps

Dividend

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

4.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: C31's dividend (4.49%) is higher than the bottom 25% of dividend payers in the SG market (2.59%).

High Dividend: C31's dividend (4.49%) is low compared to the top 25% of dividend payers in the SG market (5.63%).


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.6%), 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 (40.2% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Chee Koon Lee (45 yo)

2yrs

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 ($USD4.79M) is about average for companies of similar size in the SG market ($USD6.35M).

Compensation vs Earnings: Chee Koon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chee Koon Lee
Group CEO & Executive Non Independent Director2yrsS$6.54m0.025%
SGD 3.4m
Cho Pin Lim
Group Chief Financial Officer3.67yrsno 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 Officer2.67yrsno datano data
Juan Thong Leow
President of Singapore & International2yrsno datano data
Jen Yuh Loh
President of China2yrsno datano data
Chin Yee Leong
Chief Sustainability Officer1.67yrsno datano data
Jihong He
CEO of Data Centre & Chief Corporate Strategy Officer1.17yrsno datano data
Hwee Tin Kng
Chief Executive Officer of Finance & Corporate Services - China0.92yrno datano data
Tee Hieong Tan
Chief Executive Officer of CapitaLand Mall Trust Management Limited3.33yrsno datano data
Soon Keat Goh
Chief Executive Officer of Ascott & Lodging2.67yrsno data0.0071%
SGD 984.4k

2.0yrs

Average Tenure

53yo

Average Age

Experienced Management: C31's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chee Koon Lee
Group CEO & Executive Non Independent Director2yrsS$6.54m0.025%
SGD 3.4m
Kee Ng
Non-Executive Independent Chairman of the Board8.33yrsS$750.00k0.0095%
SGD 1.3m
Ching-Yen Lee
Independent Non-Executive Director7.67yrsS$180.60k0.0021%
SGD 285.6k
Philip Nalliah Pillai
Independent Non-Executive Director6.42yrsS$180.00k0.0017%
SGD 230.2k
Amirsham Bin Abdul Aziz
Independent Non-Executive Director8.17yrsS$233.79k0.0029%
SGD 406.2k
Teck Koon Kee
Independent Non-Executive Director6yrsS$186.80k0.0017%
SGD 230.2k
Kai Kwun Ko
Non-Executive Non-Independent Deputy Chairman1.08yrsS$95.02kno data
Chee Kheong Mah
Independent Non-Executive Director3.58yrsS$225.03k0.0020%
SGD 277.3k
Swee Chen Goh
Independent Non-Executive Director3yrsS$137.80k0.00067%
SGD 92.9k
Meng Liang Lim
Independent Non-Executive Director3.08yrsS$169.30kno data
Weng Kin Lim
Independent Non-Executive Director3.08yrsS$152.90k0.00070%
SGD 97.1k

3.6yrs

Average Tenure

64yo

Average Age

Experienced Board: C31's board of directors are considered experienced (3.6 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$13.865b
  • 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 Analysis2020/09/22 19:11
End of Day Share Price2020/09/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.