SGX:C07

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Jardine Cycle & Carriage

Executive Summary

Jardine Cycle & Carriage Limited, an investment holding company, engages in automotive, financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally. More Details


Snowflake Analysis

Excellent balance sheet established dividend payer.

Share Price & News

How has Jardine Cycle & Carriage's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: C07 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.1%

C07

-5.9%

SG Retail Distributors

-3.7%

SG Market


1 Year Return

-45.1%

C07

-44.2%

SG Retail Distributors

-25.7%

SG Market

Return vs Industry: C07 matched the SG Retail Distributors industry which returned -44.2% over the past year.

Return vs Market: C07 underperformed the SG Market which returned -25.7% over the past year.


Shareholder returns

C07IndustryMarket
7 Day-6.1%-5.9%-3.7%
30 Day-1.6%-1.1%-1.9%
90 Day-11.2%-10.4%-4.7%
1 Year-42.4%-45.1%-41.4%-44.2%-21.6%-25.7%
3 Year-48.9%-54.6%-48.0%-53.9%-23.1%-32.4%
5 Year-37.4%-47.1%-36.4%-46.3%-8.5%-25.2%

Price Volatility Vs. Market

How volatile is Jardine Cycle & Carriage's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jardine Cycle & Carriage undervalued compared to its fair value and its price relative to the market?

6.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: C07 (SGD17.76) is trading above our estimate of fair value (SGD12.37)

Significantly Below Fair Value: C07 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: C07 is good value based on its PE Ratio (6.8x) compared to the SG Retail Distributors industry average (7.7x).

PE vs Market: C07 is good value based on its PE Ratio (6.8x) compared to the SG market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: C07 is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: C07 is overvalued based on its PB Ratio (0.8x) compared to the SG Retail Distributors industry average (0.4x).


Next Steps

Future Growth

How is Jardine Cycle & Carriage forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C07's forecast earnings growth (1.8% per year) is below the savings rate (2.2%).

Earnings vs Market: C07's earnings (1.8% per year) are forecast to grow slower than the SG market (22.4% per year).

High Growth Earnings: C07's earnings are forecast to grow, but not significantly.

Revenue vs Market: C07's revenue (9.5% per year) is forecast to grow faster than the SG market (6.8% per year).

High Growth Revenue: C07's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: C07's Return on Equity is forecast to be low in 3 years time (9.3%).


Next Steps

Past Performance

How has Jardine Cycle & Carriage performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C07 has high quality earnings.

Growing Profit Margin: C07's current net profit margins (4.7%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: C07's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: C07's earnings growth over the past year (12.1%) exceeds its 5-year average (0.6% per year).

Earnings vs Industry: C07 earnings growth over the past year (12.1%) underperformed the Retail Distributors industry 12.1%.


Return on Equity

High ROE: C07's Return on Equity (12.3%) is considered low.


Next Steps

Financial Health

How is Jardine Cycle & Carriage's financial position?


Financial Position Analysis

Short Term Liabilities: C07's short term assets ($10.0B) exceed its short term liabilities ($8.0B).

Long Term Liabilities: C07's short term assets ($10.0B) exceed its long term liabilities ($4.5B).


Debt to Equity History and Analysis

Debt Level: C07's debt to equity ratio (50.2%) is considered high.

Reducing Debt: C07's debt to equity ratio has reduced from 57.1% to 50.2% over the past 5 years.

Debt Coverage: C07's debt is well covered by operating cash flow (25.5%).

Interest Coverage: C07's interest payments on its debt are well covered by EBIT (18.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Jardine Cycle & Carriage current dividend yield, its reliability and sustainability?

6.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: C07's dividend (6.69%) is higher than the bottom 25% of dividend payers in the SG market (2.55%).

High Dividend: C07's dividend (6.69%) is in the top 25% of dividend payers in the SG market (5.62%)


Stability and Growth of Payments

Stable Dividend: C07's dividend payments have been volatile in the past 10 years.

Growing Dividend: C07's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.8%), C07's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: C07's dividends in 3 years are forecast to be well covered by earnings (38.1% payout ratio).


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Benjamin Birks (47 yo)

1

Tenure

US$1,180,000

Compensation

Mr. Benjamin Herrenden Birks serves as Commissioner of PT Astra International Tbk since June 16, 2020. Mr. Birks is Commissioner at PT United Tractors Tbk since June 2020. He has been Group Managing Direct ...


CEO Compensation Analysis

Compensation vs Market: Benjamin's total compensation ($USD642.66K) is below average for companies of similar size in the SG market ($USD3.57M).

Compensation vs Earnings: Insufficient data to compare Benjamin's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Benjamin Birks
Group MD & Director1yrUS$1.18mno data
Stephen Gore
Group Finance Director & Director1.42yrsUS$1.73mno data
Eng Heong Tan
Group General Counsel4.42yrsUS$23.00kno data
Jason Wen
Director of Human Resourcesno datano datano data
Kim Teck Cheah
Managing Director of Business Development6.58yrsUS$412.00kno data
Tze Chan
Managing Director of Direct Motor Interests8.75yrsno data0.0017%
$ 119.3k
Jo Lau
Deputy Company Secretary & Senior Legal Counsel4.42yrsno datano data

4.4yrs

Average Tenure

51yo

Average Age

Experienced Management: C07's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Benjamin Birks
Group MD & Director1yrUS$1.18mno data
Stephen Gore
Group Finance Director & Director1.42yrsUS$1.73mno data
Mark Greenberg
Non-Executive Director14.25yrsUS$103.00kno data
Anthony John Nightingale
Non-Executive & Independent Director27.58yrsUS$78.00kno data
Vimala V. Menon
Lead Independent Director0.42yrUS$128.00kno data
Pak Kuan Kok
Non-Executive & Independent Director7.42yrsUS$88.00kno data
Benjamin Keswick
Chairman8.42yrsUS$172.00kno data
Hwee Hua Lim
Non-Executive & Independent Director9.25yrsUS$118.00kno data
Raden Mohammad Marty Natalegawa
Non-Executive & Independent Director5.58yrsUS$86.00kno data
Swee Kim Phan
Non-Executive Independent Director1.42yrsUS$66.00kno data

6.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: C07's board of directors are considered experienced (6.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jardine Cycle & Carriage Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jardine Cycle & Carriage Limited
  • Ticker: C07
  • Exchange: SGX
  • Founded: 1899
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: S$7.019b
  • Shares outstanding: 395.24m
  • Website: https://www.jcclgroup.com

Number of Employees


Location

  • Jardine Cycle & Carriage Limited
  • 239 Alexandra Road
  • Singapore
  • 159930
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
C07SGX (Singapore Exchange)YesOrdinary SharesSGSGDSep 1993
JCYC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1993
CYCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1993
JCYG.YOTCPK (Pink Sheets LLC)ADRUSUSDSep 2004

Biography

Jardine Cycle & Carriage Limited, an investment holding company, engages in automotive, financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, inf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 12:49
End of Day Share Price2020/10/30 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.