City Developments (OTCPK:CDEV.F) - Stock Price, News & Analysis

CDEV.F Stock Overview

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions.

About the company

CDEV.F fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	1/6
Financial Health	2/6
Dividends	3/6

Rewards

Trading at 64.4% below our estimate of its fair value

Earnings are forecast to grow 11.95% per year

Risk Analysis

Interest payments are not well covered by earnings

Shares are highly illiquid

Large one-off items impacting financial results

Profit margins (6.2%) are lower than last year (38.6%)

+ 1 more risk

City Developments Limited Competitors

St. Joe

NYSE:JOE

US$3.3b

RMR Group

NasdaqCM:RMR

US$737.2m

Tejon Ranch

NYSE:TRC

US$400.7m

Five Point Holdings

NYSE:FPH

US$454.8m

Price History & Performance

Summary of all time highs, changes and price drops for City Developments
Historical stock prices
Current Share Price	S$4.38
52 Week High	S$5.09
52 Week Low	S$4.36
Beta	0.85
1 Month Change	0.34%
3 Month Change	n/a
1 Year Change	-19.85%
3 Year Change	-27.45%
5 Year Change	-36.22%
Change since IPO	19.86%

Recent updates

Shareholder Returns

	CDEV.F	US Real Estate	US Market
7D	0%	-9.7%	-3.5%
1Y	-19.8%	5.9%	20.2%

Return vs Industry: CDEV.F underperformed the US Real Estate industry which returned 5.9% over the past year.

Return vs Market: CDEV.F underperformed the US Market which returned 20.2% over the past year.

Price Volatility

Is CDEV.F's price volatile compared to industry and market?
CDEV.F volatility
CDEV.F Average Weekly Movement	n/a
Real Estate Industry Average Movement	6.2%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.0%

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

Volatility Over Time: Insufficient data to determine CDEV.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1963	8,083	Sherman Kwek	www.cdl.com.sg

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.

City Developments Limited Fundamentals Summary

How do City Developments's earnings and revenue compare to its market cap?
CDEV.F fundamental statistics
Market cap	US$3.69b
Earnings (TTM)	US$223.65m
Revenue (TTM)	US$3.62b

16.7x

P/E Ratio

1.0x

P/S Ratio

Is CDEV.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CDEV.F income statement (TTM)
Revenue	S$4.94b
Cost of Revenue	S$3.29b
Gross Profit	S$1.65b
Other Expenses	S$1.34b
Earnings	S$305.06m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.34
Gross Margin	33.36%
Net Profit Margin	6.17%
Debt/Equity Ratio	122.0%

How did CDEV.F perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

24%

Payout Ratio

CDEV.F Stock Overview

Rewards

Risk Analysis

City Developments Limited Competitors

NYSE:JOE

US$3.3b

NasdaqCM:RMR

US$737.2m

NYSE:TRC

US$400.7m

NYSE:FPH

US$454.8m

Price History & Performance

Recent News & Updates

Developments Limited (SGX:C09) acquired Summervale Properties Pte Ltd. for SGD 2.

City Developments Limited (SGX:C09) acquired 209 co-living studio units Yardhouse in White City, London for £88 million.

City Developments Limited to Report Q4, 2023 Results on Feb 28, 2024

City Developments Limited Provides Earnings Guidance for the Full Year Ending 31 December 2023

Galliard Homes Limited and City Developments Limited (SGX:C09) acquired 13.8-acre Morden Wharf development in the Royal Borough of Greenwich from U and I Group PLC and Morden College.

City Developments Limited (SGX:C09) acquired Portfolio of tokyo residential rental freehold assets from BentallGreenOak (U.S.) Limited Partnership for JPY 35 billion.

Recent updates

Developments Limited (SGX:C09) acquired Summervale Properties Pte Ltd. for SGD 2.

City Developments Limited (SGX:C09) acquired 209 co-living studio units Yardhouse in White City, London for £88 million.

City Developments Limited to Report Q4, 2023 Results on Feb 28, 2024

City Developments Limited Provides Earnings Guidance for the Full Year Ending 31 December 2023

Galliard Homes Limited and City Developments Limited (SGX:C09) acquired 13.8-acre Morden Wharf development in the Royal Borough of Greenwich from U and I Group PLC and Morden College.

City Developments Limited (SGX:C09) acquired Portfolio of tokyo residential rental freehold assets from BentallGreenOak (U.S.) Limited Partnership for JPY 35 billion.

City Developments Limited Announces Resignation of Tan Li Lian as Group Chief Human Resources Officer, Effective on September 30, 2023

City Developments Limited to Report First Half, 2023 Results on Aug 10, 2023

City Developments Limited Approves Special Final One-Tier Tax-Exempt Ordinary Dividend for the Fiscal Year 2022

City Developments Limited to Report Fiscal Year 2022 Results on Feb 23, 2023

City Developments Limited Appoints Tan Li Lian as the Group Chief Human Resources Officer

City Developments Limited (SGX:C09) acquired Four Purpose-Built Student Accommodation Assets In UK for approximately £190 million.

City Developments Limited (SGX:C09) acquired Four Purpose-Built Student Accommodation Assets In UK for £85 million.

City Developments Limited Declares Tax-Exempt (One-Tier) Special Interim Dividend for the Financial Year Ending 31 December 2022

City Developments Limited to Report First Half, 2022 Results on Aug 11, 2022

City Developments Limited Announces Resignation of Frank Khoo Shao Hong as Group Chief Investment Officer

City Developments Limited (SGX:C09) and HThree Capital Pte.Ltd agreed to acquire 18-storey building in downtown Melbourne from AMP Capital Investors Limited for $162 million.

City Developments Limited Approves Special Final One-Tier Tax-Exempt Ordinary Dividend for the Fiscal Year 2021, Payable on 26 May 2022

City Developments Limited (SGX:C09) acquired 179,007 sq ft site at 798 and 800 Upper Bukit Timah Road for SGD 126.3 million.

City Developments Limited, Annual General Meeting, May 24, 2022

City Developments Limited, Annual General Meeting, Apr 28, 2022

City Developments Limited, Annual General Meeting, Apr 28, 2022

City Developments Limited Announces Special Dividend for Fiscal Year 2021

City Developments Limited Resolves Special Final One-Tier Tax-Exempt Ordinary Dividend for Fiscal Year 2020 Payable on 21 May 2021

City Developments Limited Proposes Special Final One-Tier Tax-Exempt Ordinary Dividend for Financial Year 2020

City Developments Limited' Suzhou Jin Cheng Hao Chuang Investment Management Co. with Shanghai CF Enterprise Group Co., Ltd. Incorporates Joint Venture Company

City Developments Limited (SGX:C09) entered into agreement to acquire 55% stake in Shenzhen Longgang Tusincere Tech Park from Chongqing Xiexin Yuanchuang Industrial Co., Ltd. and Ping An Insurance (Group) Company of China, Ltd. (SEHK:2318).

City Developments Limited to Report Fiscal Year 2020 Results on Feb 26, 2021

City Developments Limited Announces Executive Appointments

City Developments Limited Announces Board Changes

City Developments Limited Announces Resignation of Koh Thiam Hock as an Independent Non-Executive Director and A Member of Each of the Audit & Risk Committee, Remuneration Committee and Board Committee

City Developments Limited Appoints Chong Yoon Chou as Non-Executive and Independent Director

City Developments Limited Appoints Ong Lian Jin Colin as A Non-Executive and Independent Director, with Effect from 7 October 2020

City Developments Limited (SGX:C09) entered into an agreement to acquire 78-unit Residential Development in Yokohama City.

Sceptre Midco LLC acquired a 75.1% stake in Sceptre Hospitality Resources, LLC from City Developments Limited (SGX:C09) for $47.6 million.

Tikehau Capital (ENXTPA:TKO), City Developments Limited (SGX:C09) and AT Capital Pte Limited acquired 26.04% stake in IREIT Global (SGX:UD1U).

City Developments Limited to Report Q2, 2020 Results on Aug 13, 2020