SGX:C52

Stock Analysis Report

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Executive Summary

ComfortDelGro Corporation Limited, an investment holding company, provides public transport services in Singapore. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


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


Market Performance


7 Day Return

-2.7%

C52

-1.3%

SG Transportation

-0.6%

SG Market


1 Year Return

-41.1%

C52

-20.4%

SG Transportation

-22.5%

SG Market

Return vs Industry: C52 underperformed the SG Transportation industry which returned -19.6% over the past year.

Return vs Market: C52 underperformed the SG Market which returned -21.8% over the past year.


Shareholder returns

C52IndustryMarket
7 Day-2.7%-1.3%-0.6%
30 Day4.3%1.2%-2.3%
90 Day-6.5%-3.2%-5.4%
1 Year-38.8%-41.1%-18.8%-20.4%-18.3%-22.5%
3 Year-16.7%-26.4%-13.4%-18.1%-18.1%-28.0%
5 Year-36.9%-48.2%-1.4%-10.3%-0.2%-18.5%

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

Valuation

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

48.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: C52 (SGD1.45) is trading below our estimate of fair value (SGD2.8)

Significantly Below Fair Value: C52 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: C52 is poor value based on its PE Ratio (27.7x) compared to the XA Transportation industry average (15.8x).

PE vs Market: C52 is poor value based on its PE Ratio (27.7x) compared to the SG market (12.7x).


Price to Earnings Growth Ratio

PEG Ratio: C52 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: C52 is overvalued based on its PB Ratio (1.3x) compared to the XA Transportation industry average (1x).


Next Steps

Future Growth

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

49.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: C52's forecast earnings growth (49.5% per year) is above the savings rate (2.2%).

Earnings vs Market: C52's earnings (49.5% per year) are forecast to grow faster than the SG market (21.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: C52's revenue (6.1% per year) is forecast to grow slower than the SG market (6.3% per year).

High Growth Revenue: C52's revenue (6.1% 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 (8.4%).


Next Steps

Past Performance

How has ComfortDelGro performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: C52 has a large one-off loss of SGD58.1M impacting its June 30 2020 financial results.

Growing Profit Margin: C52's current net profit margins (3.2%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: C52's earnings have declined by 6.3% 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 (-63.4%) over the past year, making it difficult to compare to the Transportation industry average (-20.4%).


Return on Equity

High ROE: C52's Return on Equity (5.1%) 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 (SGD1.2B).


Debt to Equity History and Analysis

Debt Level: C52's debt to equity ratio (19%) is considered satisfactory.

Reducing Debt: C52's debt to equity ratio has reduced from 21.6% to 19% over the past 5 years.

Debt Coverage: C52's debt is well covered by operating cash flow (106.5%).

Interest Coverage: C52's interest payments on its debt are well covered by EBIT (35.4x coverage).


Balance Sheet


Next Steps

Dividend

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

4.18%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate C52's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate C52's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if C52's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if C52's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: C52 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of C52's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Ban Seng Yang (63 yo)

3.33yrs

Tenure

S$2,264,831

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 ($USD1.66M) is about average for companies of similar size in the SG market ($USD1.45M).

Compensation vs Earnings: Ban Seng's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ban Seng Yang
MD , Group CEO & Executive & Non-Independent Director3.33yrsS$2.26m0.0012%
SGD 36.8k
Thong Hean Koh
Group Chief Financial Officer0.92yrno datano data
Eng Hoe Neo
Group Chief Technology Officer5.42yrsno datano data
Siang Pohr Lee
Group General Counsel & Joint Company Secretaryno datano datano data
I-Lin Tan
Group Chief Corporate Communications Officer16.5yrsno datano data
Lau Cheng
Group Chief Human Resource Officer0.083yrno datano data
Peng Yen Choo
Group Special Projects Officer0.67yrno datano data
Wan Tak Chan
Senior VP of Group Finance & Company Secretaryno datano datano data
Soon Hua Yap
Chief Executive Officer of Australia Business Unit6.67yrsno datano data
Wei Neng Ang
Chief Executive Officer of Taxi Business3.33yrsno datano data
Yew Fui Chong
Group Chief Internal Audit Officerno datano datano data
Beng Peng Chua
Group Chief Insurance Officer0.58yrno datano data

3.3yrs

Average Tenure

Experienced Management: C52's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ban Seng Yang
MD , Group CEO & Executive & Non-Independent Director3.33yrsS$2.26m0.0012%
SGD 36.8k
Mark Christopher Greaves
Independent Non-Executive Director0.33yrno data0.00092%
SGD 28.9k
Jit Poh Lim
Independent Chairman of the Board17.67yrsS$644.52k0.011%
SGD 354.4k
Kai Yuen Wang
Non-Executive & Independent Director17.58yrsS$90.00k0.0024%
SGD 76.0k
Wai Fun Sum
Non-Executive & Independent Director13.67yrsS$108.30k0.011%
SGD 348.1k
Khai Fatt Lee
Non-Executive & Independent Director3.33yrsS$96.90k0.0078%
SGD 246.6k
Ee Mern Tham
Non-Executive & Independent Director3.08yrsS$97.60kno data
Chie-Foo Chiang
Non-Executive & Independent Director2.33yrsS$96.90kno data
Beng Chin Ooi
Non-Executive & Independent Director2.33yrsS$84.30kno data
Jessica Cheam
Non-Executive & Independent Director1.67yrsS$84.30kno data

3.2yrs

Average Tenure

63yo

Average Age

Experienced Board: C52's board of directors are considered experienced (3.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: C52 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$3.142b
  • Shares outstanding: 2.17b
  • Website: https://www.comfortdelgro.com

Number of Employees


Location

  • ComfortDelGro Corporation Limited
  • 205 Braddell Road
  • Singapore
  • 579701
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDGL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2003
C52SGX (Singapore Exchange)YesOrdinary SharesSGSGDApr 2003
VZ1BST (Boerse-Stuttgart)YesOrdinary SharesDEEURApr 2003
VZ1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2003
CDGL.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 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 Engineerin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 19:25
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.