NOT FOR DISTRIBUTION
Header cover image

Jardine Cycle & Carriage

Market Cap

US$6.9b

Last Updated

2021/04/14 23:11 UTC

Data Sources

Company Financials +

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

Undervalued with excellent balance sheet.

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: Insufficient data to determine JCYC.F's volatility over the past 3 months.

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


Market Performance


7 Day Return

0%

JCYC.F

1.2%

US Retail Distributors

1.3%

US Market


1 Year Return

22.1%

JCYC.F

83.4%

US Retail Distributors

53.9%

US Market

Return vs Industry: JCYC.F underperformed the US Retail Distributors industry which returned 89.9% over the past year.

Return vs Market: JCYC.F underperformed the US Market which returned 57.9% over the past year.


Shareholder returns

JCYC.FIndustryMarket
7 Day0%1.2%1.3%
30 Day0%3.4%2.8%
90 Day-1.2%8.7%6.6%
1 Year22.1%22.1%86.4%83.4%56.6%53.9%
3 Year-36.0%-37.6%56.2%49.4%62.7%52.3%
5 Year-46.7%-48.3%70.6%57.3%120.5%95.9%

Long-Term 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

No news available

Valuation

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

8.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JCYC.F ($16.85) is trading below our estimate of fair value ($18.41)

Significantly Below Fair Value: JCYC.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: JCYC.F is good value based on its PE Ratio (12.7x) compared to the US Retail Distributors industry average (40.6x).

PE vs Market: JCYC.F is good value based on its PE Ratio (12.7x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: JCYC.F is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: JCYC.F is good value based on its PB Ratio (1x) compared to the US Retail Distributors industry average (3.7x).


Future Growth

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

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JCYC.F's forecast earnings growth (13.7% per year) is above the savings rate (2%).

Earnings vs Market: JCYC.F's earnings (13.7% per year) are forecast to grow slower than the US market (18.6% per year).

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

Revenue vs Market: JCYC.F's revenue (13.7% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: JCYC.F's revenue (13.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JCYC.F's Return on Equity is forecast to be low in 3 years time (12.1%).


Past Performance

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

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JCYC.F has high quality earnings.

Growing Profit Margin: JCYC.F's current net profit margins (4.1%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: JCYC.F's earnings have declined by 1.6% per year over the past 5 years.

Accelerating Growth: JCYC.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JCYC.F had negative earnings growth (-38.6%) over the past year, making it difficult to compare to the Retail Distributors industry average (13.7%).


Return on Equity

High ROE: JCYC.F's Return on Equity (8.1%) is considered low.


Financial Health

How is Jardine Cycle & Carriage's financial position?


Financial Position Analysis

Short Term Liabilities: JCYC.F's short term assets ($10.1B) exceed its short term liabilities ($8.0B).

Long Term Liabilities: JCYC.F's short term assets ($10.1B) exceed its long term liabilities ($4.2B).


Debt to Equity History and Analysis

Debt Level: JCYC.F's debt to equity ratio (46.5%) is considered high.

Reducing Debt: JCYC.F's debt to equity ratio has reduced from 47.9% to 46.5% over the past 5 years.

Debt Coverage: JCYC.F's debt is well covered by operating cash flow (38.7%).

Interest Coverage: JCYC.F's interest payments on its debt are well covered by EBIT (22.1x coverage).


Balance Sheet


Dividend

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

2.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JCYC.F's dividend (2.48%) is higher than the bottom 25% of dividend payers in the US market (1.26%).

High Dividend: JCYC.F's dividend (2.48%) is low compared to the top 25% of dividend payers in the US market (3.5%).


Stability and Growth of Payments

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

Growing Dividend: JCYC.F's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.5%), JCYC.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: JCYC.F's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Benjamin Birks (47 yo)

1.58yrs

Tenure

US$877,330

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 ($USD877.33K) is below average for companies of similar size in the US market ($USD6.36M).

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


Leadership Team

Experienced Management: JCYC.F's management team is considered experienced (5 years average tenure).


Board Members

Experienced Board: JCYC.F's board of directors are considered experienced (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: JCYC.F 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

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


Key Information

  • Name: Jardine Cycle & Carriage Limited
  • Ticker: JCYC.F
  • Exchange: OTCPK
  • Founded: 1899
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: S$9.209b
  • Listing Market Cap: S$6.862b
  • Shares outstanding: 395.24m
  • Website: https://www.jcclgroup.com

Number of Employees


Location

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

Listings


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 Analysis2021/04/14 23:11
End of Day Share Price2021/03/15 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.