CapitaLand
Market Cap
S$18.7b
Last Updated
2020/02/16 12:41 UTC
Data Sources
Company Financials +
Executive Summary
CapitaLand Limited, together with its subsidiaries, develops, owns, and manages real estate properties in Singapore, North America, Europe, Asia, the United Kingdom, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Good value average 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.5%
C31
0.6%
SG Real Estate
1.0%
SG Market
1 Year Return
10.7%
C31
-5.1%
SG Real Estate
-1.8%
SG Market
Return vs Industry: C31 exceeded the SG Real Estate industry which returned -5.1% over the past year.
Return vs Market: C31 exceeded the SG Market which returned -1.8% over the past year.
Shareholder returns
| C31 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 0.6% | 1.0% |
| 30 Day | -5.3% | -4.7% | -2.7% |
| 90 Day | 0% | -0.3% | -0.9% |
| 1 Year | 14.5%10.7% | -2.2%-5.1% | 2.2%-1.8% |
| 3 Year | 18.0%7.5% | -2.3%-9.9% | 9.3%-2.2% |
| 5 Year | 17.0%1.1% | -7.8%-19.5% | 9.2%-9.2% |
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
1 week ago | Simply Wall St
Is It Time To Consider Buying CapitaLand Limited (SGX:C31)?2 weeks ago | Simply Wall St
Is CapitaLand (SGX:C31) Using Too Much Debt?1 month ago | Simply Wall St
Is CapitaLand Limited (SGX:C31) Trading At A 38% Discount?Valuation
Is CapitaLand undervalued compared to its fair value and its price relative to the market?
41.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C31 (SGD3.72) is trading below our estimate of fair value (SGD6.33)
Significantly Below Fair Value: C31 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: C31 is good value based on its PE Ratio (9.7x) compared to the Real Estate industry average (11.2x).
PE vs Market: C31 is good value based on its PE Ratio (9.7x) compared to the SG market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: C31 is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: C31 is overvalued based on its PB Ratio (0.8x) 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 12 analysts?
5.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: C31's forecast earnings growth (5.2% per year) is above the savings rate (1.8%).
Earnings vs Market: C31's earnings (5.2% per year) are forecast to grow slower than the SG market (5.8% per year).
High Growth Earnings: C31's earnings are forecast to grow, but not significantly.
Revenue vs Market: C31's revenue (12.8% per year) is forecast to grow faster than the SG market (5.2% per year).
High Growth Revenue: C31's revenue (12.8% 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 (8.1%).
Next Steps
Past Performance
How has CapitaLand performed over the past 5 years?
11.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C31 has a large one-off gain of SGD844.7M impacting its September 30 2019 financial results.
Growing Profit Margin: C31's current net profit margins (30.7%) are higher than last year (30.1%).
Past Earnings Growth Analysis
Earnings Trend: C31's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: C31's earnings growth over the past year (7.7%) is below its 5-year average (11.6% per year).
Earnings vs Industry: C31 earnings growth over the past year (7.7%) exceeded the Real Estate industry -37.7%.
Return on Equity
High ROE: C31's Return on Equity (7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is CapitaLand's financial position?
Financial Position Analysis
Short Term Liabilities: C31's short term assets (SGD17.9B) exceed its short term liabilities (SGD14.8B).
Long Term Liabilities: C31's short term assets (SGD17.9B) do not cover its long term liabilities (SGD29.1B).
Debt to Equity History and Analysis
Debt Level: C31's debt to equity ratio (81.9%) is considered high.
Reducing Debt: C31's debt to equity ratio has increased from 71.8% to 81.9% over the past 5 years.
Debt Coverage: C31's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: C31's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
Inventory Level: C31 has a low level of unsold assets or inventory.
Debt Coverage by Assets: C31's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is CapitaLand's current dividend yield, its reliability and sustainability?
3.23%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: C31's dividend (3.23%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).
High Dividend: C31's dividend (3.23%) is low compared to the top 25% of dividend payers in the SG market (5.71%).
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 (31.2%), 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 (39.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Chee Koon Lee (44yo)
1.4yrs
Tenure
S$4,210,958
Compensation
Mr. Chee Koon Lee has been Executive Non Independent Director at CapitaLand Ltd. since January 01, 2019. He has been President & Group Chief Executive Officer at CapitaLand Ltd. since September 15, 2018. M ...
CEO Compensation Analysis
Compensation vs Market: Chee Koon's total compensation ($USD3.02M) is below average for companies of similar size in the SG market ($USD4.83M).
Compensation vs Earnings: Insufficient data to compare Chee Koon's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Non Independent Director | 1.4yrs | S$4.21m | 0.014% SGD2.7m | |
| Group Chief Financial Officer | 3.1yrs | no data | no data | |
| Head of Investor Relations & Capital Markets Compliance | 0yrs | no data | no data | |
| Head of Group Communications | 0yrs | no data | no data | |
| Chief Corporate & People Officer | 2.1yrs | no data | no data | |
| President of Singapore & International | 1.4yrs | no data | 0.015% SGD2.9m | |
| President of China | 1.4yrs | no data | 0.013% SGD2.5m | |
| Chief Sustainability Officer | 0yrs | no data | no data | |
| Chief Corporate Strategy Officer of CapitaLand Group | 0.6yrs | no data | no data | |
| CEO of Finance & Corporate Services - China | 0.3yrs | no data | no data |
1.4yrs
Average Tenure
52yo
Average Age
Experienced Management: C31's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Non Independent Director | 1.4yrs | S$4.21m | 0.014% SGD2.7m | |
| Chief Sustainability Officer | 0yrs | no data | no data | |
| Independent Chairman of the Board | 7.8yrs | S$750.00k | 0.0081% SGD1.5m | |
| Independent Non-Executive Director | 7.1yrs | S$180.10k | 0.0018% SGD327.9k | |
| Independent Non-Executive Director | 5.8yrs | S$168.90k | 0.0013% SGD251.1k | |
| Independent Non-Executive Director | 7.6yrs | S$228.70k | 0.0026% SGD477.9k | |
| Independent Non-Executive Director | 5.4yrs | S$194.80k | 0.0013% SGD239.9k | |
| Non-Executive Deputy Chairman | 0.5yrs | no data | no data | |
| Independent Non-Executive Director | 3yrs | S$196.60k | 0.0016% SGD298.0k | |
| Independent Non-Executive Director | 2.5yrs | S$162.70k | 0.00041% SGD76.8k |
5.4yrs
Average Tenure
64.5yo
Average Age
Experienced Board: C31's board of directors are considered experienced (5.4 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 4.2%.
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$18.739b
- Shares outstanding: 5.04b
- Website: https://www.capitaland.com
Number of Employees
Location
- CapitaLand Limited
- No. 30-01, Capital Tower
- 168 Robinson Road
- Singapore
- 68912
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLLD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 2000 |
| C31 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Nov 2000 |
| PLF | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 2000 |
| CLLD.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jun 2003 |
Biography
CapitaLand Limited, together with its subsidiaries, develops, owns, and manages real estate properties in Singapore, North America, Europe, Asia, the United Kingdom, and internationally. The company operates through CapitaLand Singapore, CapitaLand China, CapitaLand Vietnam, and CapitaLand International segments. Its real estate portfolio includes integrated developments, shopping malls, lodging, offices, homes, and real estate investment trusts and funds. CapitaLand Limited also invests in real estate financial products and assets; and provides investment advisory and management services, as well as real estate asset management and trust management services. In addition, it offers software and network technique development and management and consultancy services. The company was formerly known as Pidemco Land Limited and changed its name to CapitaLand Limited in November 2000. CapitaLand Limited was founded in 1989 and is headquartered in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 12:41 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.