ComfortDelGro
Market Cap
S$3.2b
Last Updated
2020/04/02 13:13 UTC
Data Sources
Company Financials +
Executive Summary
ComfortDelGro Corporation Limited, an investment holding company, provides public transport services in Singapore.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
Similar Companies
Share Price & News
How has ComfortDelGro's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: C52's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.6%
C52
-4.6%
SG Transportation
-1.7%
SG Market
1 Year Return
-43.5%
C52
-22.6%
SG Transportation
-27.5%
SG Market
Return vs Industry: C52 underperformed the SG Transportation industry which returned -19.8% over the past year.
Return vs Market: C52 underperformed the SG Market which returned -25.9% over the past year.
Shareholder returns
| C52 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -4.6% | -1.7% |
| 30 Day | -24.2% | -7.4% | -19.9% |
| 90 Day | -37.7% | -20.5% | -26.3% |
| 1 Year | -41.1%-43.5% | -21.1%-22.6% | -24.4%-27.5% |
| 3 Year | -36.5%-44.1% | -8.0%-13.1% | -19.8%-28.4% |
| 5 Year | -39.2%-49.7% | -11.2%-19.4% | -18.2%-32.1% |
Price Volatility Vs. Market
How volatile is ComfortDelGro's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
ComfortDelGro Corporation Limited Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models1 week ago | Simply Wall St
Why ComfortDelGro Corporation Limited’s (SGX:C52) Return On Capital Employed Is Impressive3 weeks ago | Simply Wall St
ComfortDelGro Corporation Limited (SGX:C52): Does The -13% Earnings Drop Reflect A Longer Term Trend?Valuation
Is ComfortDelGro undervalued compared to its fair value and its price relative to the market?
4.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C52 (SGD1.47) is trading below our estimate of fair value (SGD1.55)
Significantly Below Fair Value: C52 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: C52 is poor value based on its PE Ratio (12x) compared to the Transportation industry average (11.3x).
PE vs Market: C52 is poor value based on its PE Ratio (12x) compared to the SG market (10.2x).
Price to Earnings Growth Ratio
PEG Ratio: C52 is poor value based on its PEG Ratio (4x)
Price to Book Ratio
PB vs Industry: C52 is overvalued based on its PB Ratio (1.2x) compared to the XA Transportation industry average (0.8x).
Next Steps
Future Growth
How is ComfortDelGro forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
3.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: C52's forecast earnings growth (3% per year) is above the savings rate (1.8%).
Earnings vs Market: C52's earnings (3% per year) are forecast to grow slower than the SG market (4.7% per year).
High Growth Earnings: C52's earnings are forecast to grow, but not significantly.
Revenue vs Market: C52's revenue (1.1% per year) is forecast to grow slower than the SG market (4.1% per year).
High Growth Revenue: C52's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: C52's Return on Equity is forecast to be low in 3 years time (10%).
Next Steps
Past Performance
How has ComfortDelGro performed over the past 5 years?
-0.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C52 has high quality earnings.
Growing Profit Margin: C52's current net profit margins (6.8%) are lower than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: C52's earnings have declined by -0.5% per year over the past 5 years.
Accelerating Growth: C52's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: C52 had negative earnings growth (-12.6%) over the past year, making it difficult to compare to the Transportation industry average (5.5%).
Return on Equity
High ROE: C52's Return on Equity (10.6%) is considered low.
Next Steps
Financial Health
How is ComfortDelGro's financial position?
Financial Position Analysis
Short Term Liabilities: C52's short term assets (SGD1.3B) exceed its short term liabilities (SGD1.1B).
Long Term Liabilities: C52's short term assets (SGD1.3B) exceed its long term liabilities (SGD1.3B).
Debt to Equity History and Analysis
Debt Level: C52's debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: C52's debt to equity ratio has reduced from 21.5% to 17.6% over the past 5 years.
Debt Coverage: C52's debt is well covered by operating cash flow (115.1%).
Interest Coverage: C52's interest payments on its debt are well covered by EBIT (48.2x coverage).
Balance Sheet
Inventory Level: C52 has a high level of physical assets or inventory.
Debt Coverage by Assets: C52's debt is covered by short term assets (assets are 2.5x debt).
Next Steps
Dividend
What is ComfortDelGro's current dividend yield, its reliability and sustainability?
6.66%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: C52's dividend (6.66%) is higher than the bottom 25% of dividend payers in the SG market (3.23%).
High Dividend: C52's dividend (6.66%) is low compared to the top 25% of dividend payers in the SG market (7%).
Stability and Growth of Payments
Stable Dividend: C52's dividends per share have been stable in the past 10 years.
Growing Dividend: C52's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80%), C52's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: C52's dividends in 3 years are forecast to be covered by earnings (77.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Ban Seng Yang (62yo)
2.92s
Tenure
S$2,195,681
Compensation
Mr. Ban Seng Yang has been the Chief Executive Officer and Managing Director of ComfortDelGro Corporation Limited since May 1, 2017. Mr. Yang served as Chief Executive Officer of Taxi Business at ComfortDe ...
CEO Compensation Analysis
Compensation vs Market: Ban Seng's total compensation ($USD1.54M) is about average for companies of similar size in the SG market ($USD1.46M).
Compensation vs Earnings: Insufficient data to compare Ban Seng's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD , Group CEO & Executive & Non-Independent Director | 2.92yrs | S$2.20m | 0.0012% SGD37.3k | |
| Group CFO & Group Chief Special Projects Officer | 0.50yr | no data | no data | |
| Group Chief Technology Officer | 5yrs | no data | no data | |
| Group Chief Investor Relations Officer & Group Chief Business Development Officer | 9.42yrs | no data | no data | |
| Group Legal Vice-President & Joint Company Secretary | 6.25yrs | no data | no data | |
| Group Chief Corporate Communications Officer | 16.08yrs | no data | no data | |
| Group Chief Human Resource Officer | no data | no data | no data | |
| Chief Executive Officer of Australia Business Unit | 6.25yrs | no data | no data | |
| Chief Executive Officer of Taxi Business | 2.92yrs | no data | no data | |
| Group Chief Internal Audit Officer | no data | no data | no data |
5.6yrs
Average Tenure
Experienced Management: C52's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD , Group CEO & Executive & Non-Independent Director | 2.92yrs | S$2.20m | 0.0012% SGD37.3k | |
| Independent Chairman of the Board | 17.25yrs | S$683.28k | 0.011% SGD359.2k | |
| Non-Executive & Independent Director | 17.17yrs | S$115.20k | 0.035% SGD1.1m | |
| Non-Executive & Independent Director | 17.17yrs | S$92.96k | 0.0024% SGD77.1k | |
| Non-Executive & Independent Director | 13.25yrs | S$107.33k | 0.011% SGD352.8k | |
| Non-Executive & Independent Director | 2.92yrs | S$95.20k | 0.0078% SGD250.0k | |
| Non-Executive & Independent Director | 2.67yrs | S$96.13k | no data | |
| Non-Executive & Independent Director | 1.92yrs | S$63.90k | no data | |
| Non-Executive & Independent Director | 1.92yrs | S$55.76k | no data | |
| Non-Executive & Independent Director | 1.25yrs | no data | no data |
2.9yrs
Average Tenure
62yo
Average Age
Experienced Board: C52's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ComfortDelGro Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ComfortDelGro Corporation Limited
- Ticker: C52
- Exchange: SGX
- Founded: 2003
- Industry: Trucking
- Sector: Transportation
- Market Cap: S$3.184b
- Shares outstanding: 2.17b
- Website: https://www.comfortdelgro.com
Number of Employees
Location
- ComfortDelGro Corporation Limited
- 205 Braddell Road
- Singapore
- 579701
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CDGL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Apr 2003 |
| C52 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Apr 2003 |
| VZ1 | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Apr 2003 |
| VZ1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2003 |
| CDGL.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Nov 2008 |
Biography
ComfortDelGro Corporation Limited, an investment holding company, provides public transport services in Singapore. It operates through seven segments: Public Transport Services, Taxi, Automotive Engineering Services, Inspection and Testing Services, Driving Centre, Car Rental and Leasing, and Bus Station. The company offers bus, rail, and commuter services; taxi and coach rental, and related advertisement services; vehicular maintenance and repair services; specialized vehicles construction services; assembly of bus bodies; crash repair services; and engineering services, as well as sells diesel and petrol. It is also involved in the provision motor vehicle inspection, non-vehicle testing, inspection, and consultancy services; operation of taxi bureau and driving schools; and renting and leasing of cars. In addition, the company offers public and charter bus, taxi booking, building inspection, technology, and terminal services; and operates workshops for repairing, servicing, and general maintenance of motor vehicles. Further, the company offers insurance broking, risk management, claims management, and other services; charge card facilities; accident and other repair and maintenance services; and nonemergency transportation services to patients. As of February 14, 2020, it operated a fleet of 41,600 buses, taxis, and rental vehicles. The company also operates in the United Kingdom, Ireland, Australia, China, Vietnam, and Malaysia. ComfortDelGro Corporation Limited was founded in 2003 and is headquartered in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 13:13 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.