Asia300

ComfortDelGro Corp. Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 2.52
Mar 24, 2017
Market cap:
Market cap(USD):
5,436.25M
3,884.98M
Shares: 2,157.24M

Currency in SGD

Company profile

Market(Ticker): SES(C52)
Sector:
Industry:
Transportation
Other Transportation
Full time employees: --

Business summary

ComfortDelGro Corp. Ltd. is an investment holding company, which engages in the provision of land transportation services. It operates through the following segments: Bus; Bus Station; Rail; Taxi; Automotive Engineering Services; Inspection and Testing Services; Car Rental and Leasing; and Driving Centre. The Bus segment includes bur fare collections, scheduled services operations, and coach rental services. The Bus Station segment generates its income through commission from fare collection. The Rail segment profits from rail fare collection and advertisements. The Taxi segment rents out its taxis. The Automotive Engineering Services segment provides maintenance and repair services, assembly of bus bodies, engineering services, and sale of diesel. The Inspection and Testing Services segment offers vehicle and non-vehicle testing, inspection, and consultancy services. The Car Rental and Leasing segment leases out the firm's vehicles. The Driving Centre segment manages and operates driving schools. The company was founded on March 29, 2003 and is headquartered in Singapore.

Company background

ComfortDelGro is a land transport company operating over 46,000 taxis, buses and rental vehicles around the world. It was formed in 2003 with the merger of the Singaporean transport companies Comfort Group and DelGro. One of ComfortDelGro's major subsidiaries is the London-based city bus operator Metroline. As of March 2014, The Capital Group Companies is ComfortDelGro's largest shareholder, followed by BlackRock. No shareholder owns more than 10%.

With the limited amount of land and population in Singapore, the company has been seeking opportunities beyond the city-state. In 2013, it acquired a portion of London-based FirstGroup's bus business and assets. Later that year, it acquired the Melbourne, Australia-based bus operator Driver Group. Around half of ComfortDelGro's operating profit is generated from businesses in China, Australia, the U.K., Ireland, Vietnam and Malaysia. Kua Hong Pak has been managing director and CEO since the 2003 merger. Prior to joining the group, he was the president and CEO of Times Publishing, where he managed operations across seven countries and economies.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 4,059.5M
Gross profit 925.5M
Operating income 462.2M
Income before tax 466.6M
Net income 317.1M
EBITDA 858.2M
Diluted EPS 0.14
Dividends per share 0.09
Total assets 5,122M
Total liabilities 1,929.9M
Total equity 2,475.5M
Operating cash flow 704.8M

Currency in SGD

Revenue 2,940.28M
Gross profit 670.33M
Operating income 334.77M
Income before tax 337.95M
Net income 229.67M
EBITDA 621.59M
Diluted EPS 0.10
Dividends per share 0.06
Total assets 3,545.37M
Total liabilities 1,335.84M
Total equity 1,713.50M
Operating cash flow 510.48M

Currency in USD

Valuation measures

Dec 2016

PER 16.77
ROA 6.13%
ROE 13.18%
Operating margin 11.38%
Profit margin 7.81%

Key executive

  • Group CEO, MD & Non-Independent Director: Hong Pak Kua
  • Group Financial Officer: Chek Siew Choo
  • Group Information Officer: Eng Hoe Neo
  • CEO-United Kingdom/Ireland Business Unit: Jaspal Singh
  • Chief Executive Officer-East China Business Unit: Yew Meng Tang

Share holders

  • BlackRock Fund Advisors(5.9%)
  • Capital Research & Management Co. (Global Investors)(4.8%)
  • Schroder Investment Management (Singapore) Ltd.(2.2%)
  • The Vanguard Group, Inc.(1.9%)
  • T. Rowe Price International Ltd.(1.9%)
  • First Eagle Investment Management LLC(1.5%)
  • T. Rowe Price Hong Kong Ltd.(1.3%)
  • Norges Bank Investment Management(1.3%)
  • Matthews International Capital Management LLC(1.2%)
  • Manulife Asset Management (US) LLC(0.9%)

Address

  • Website: http://www.comfortdelgro.com.sg
  • Address: 205 Braddell Road, Singapore, 579701, Singapore
  • Phone: +65.6383.8833

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