ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

CapitaLand Ltd.

Company Background

CapitaLand is the largest real estate developer in Southeast Asia. It was established in 2000 through a merger of DBS Land and Pidemco Land, two government-linked real estate developers in Singapore. Temasek Holdings, Singapore's sovereign wealth fund, has a nearly 40% share. CapitaLand is led by President and Group CEO Lim Ming Yan, who took over in early 2013. Lim was CEO of CapitaLand China Holdings from 2000 to 2009, during which time he drove major development in China.

About 80% of CapitaLand's assets are in Singapore and China, where the company plans to expand further. Its strength is developing different types of properties, such as apartments, offices and shopping malls, as a single project. CapitaLand owns and operates The Ascott, the world's largest chain of international serviced apartments. It also has five publicly listed real estate investment trusts and more than a dozen real estates private equity funds under its umbrella. The company recently privatized CapitaMalls Asia and delisted it from the Singapore Exchange as a part of restructuring. It sold its Australian unit Australand Property Group.

Business Summary

CapitaLand Ltd. is an investment holding company, which engages in the provision of consultancy services. It operates through the following business segments: CapitaLand Singapore and International, CapitaLand China, CapitaLand India, CapitaLand Lodging, CapitaLand Financial, Corporate and Others. The CapitaLand Singapore and International segment involves in the residential, office, shopping malls, industrial, logistics and business parks property development in Singapore, Malaysia, Indonesia, Vietnam, The United States of America, Europe, Japan and Korea. The CapitaLand China segment encompasses residential, commercial strata and urban development, office, shopping malls, lodging, industrial, logistics and business parks property development in China. The CapitaLand India segment comprises logistics and business parks property development in India. The CapitaLand Lodging segment is an international serviced residence owner-operator with operations in key cities of Asia Pacific, Europe, United States of America and Middle East. The CapitaLand Financial segment is the real estate fund management unit comprising the Group’s REIT managers and Fund managers. The Corporate and Others segment includes corporate office and corporate treasury vehicles. The company was founded in November 2000 and is headquartered in Singapore.

Financial Highlights

Dec 2020 SGDUSD
Revenue6,728.35M4,877.78M
Gross Profit2,935.32M2,127.99M
Operating income2,484.89M1,801.44M
Income before tax-733.37M-531.67M
Net income-1,574.25M-1,141.27M
EBITDA2,664.61M1,931.74M
Diluted EPS-0.30-0.22
Dividends Per Share0.090.06
Total Assets84,369.87M63,836.77M
Total liabilities47,074.49M35,617.97M
Total equity22,306.07M16,877.44M
Operating cash flow969.02M702.50M
Currency in SGDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 5,343.47M 4,698.68M 5,768.59M 6,441.41M 6,728.35M
Gross Profit 1,620.08M 2,028.30M 2,781.10M 3,069.57M 2,935.32M
Operating income 839.02M 1,657.88M 2,385.74M 2,593.63M 2,484.89M
Income before tax 1,199.11M 1,933.24M 2,549.09M 3,239.69M -733.37M
Net income 1,190.34M 1,569.56M 1,762.49M 2,135.89M -1,574.25M
EBITDA 1,360.24M 1,734.17M 2,460.24M 2,730.51M 2,664.61M
Diluted EPS 0.26 0.34 0.39 0.43 -0.30
Dividends Per Share 0.10 0.12 0.12 0.12 0.09
Total Assets 45,740.77M 61,539.17M 64,647.55M 82,345.91M 84,369.87M
Total liabilities 21,440.29M 29,421.35M 31,340.61M 42,960.08M 47,074.49M
Total equity 17,604.84M 18,412.89M 18,952.71M 23,359.47M 22,306.07M
Operating cash flow 3,296.47M 1,963.30M 452.92M 1,778.59M 969.02M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 3,870.26M 3,403.66M 4,275.23M 4,721.76M 4,877.78M
Gross Profit 1,173.42M 1,469.27M 2,061.14M 2,250.09M 2,127.99M
Operating income 607.70M 1,200.94M 1,768.13M 1,901.21M 1,801.44M
Income before tax 868.51M 1,400.41M 1,889.19M 2,374.79M -531.67M
Net income 862.16M 1,136.96M 1,306.22M 1,565.67M -1,141.27M
EBITDA 985.22M 1,256.21M 1,823.34M 2,001.55M 1,931.74M
Diluted EPS 0.19 0.24 0.28 0.32 -0.22
Dividends Per Share 0.07 0.08 0.08 0.08 0.06
Total Assets 31,661.08M 46,048.47M 47,430.34M 61,239.66M 63,836.77M
Total liabilities 14,840.65M 22,015.37M 22,993.85M 31,948.89M 35,617.97M
Total equity 12,185.81M 13,777.97M 13,905.14M 17,372.15M 16,877.44M
Operating cash flow 2,387.62M 1,422.19M 335.67M 1,303.76M 702.50M

Valuation Measures

Dec 2020
PER--
ROA-1.88%
ROE-6.89%
Operating margin36.93%
Profit margin-23.39%

Key executives

  • Group CEO & Non-Independent Executive Director: Chee Koon Lee
  • Group Chief Financial Officer: Cho Pin Lim
  • Chief Sustainability Officer: Chin Yee Leong
  • President-Singapore & International CapitaLand: Juan Thong Leow
  • Chief Corporate Strategy Officer: Jihong He

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (51.0%)
  • CapitaLand Ltd. (1.3%)
  • The Vanguard Group, Inc. (1.3%)
  • BlackRock Fund Advisors (1.0%)
  • Norges Bank Investment Management (0.8%)
  • APG Asset Management NV (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • BlackRock Financial Management, Inc. (0.3%)
  • BlackRock Investment Management (UK) Ltd. (0.3%)
  • Aberdeen Standard Investments (Asia) Ltd. (0.3%)

Contact Details

  • Website:http://www.capitaland.com
  • Address: No. 30-01, Capital Tower, 168 Robinson Road, Singapore, 068912, Singapore
  • Phone: +65.6713.2888

Related Companies

  • CapitaLand Investment Management Ltd.
  • Dalian Kaijin Commercial Facilities Management Co. Ltd.
  • Capitaland Ltd (India)
  • Ascott (Australia) Pty Ltd.
  • CapitaLand International (USA) LLC
  • Luxx (S) Pte Ltd.
  • Blossom Commercial Development Investment Pte Ltd.
  • Vibrant Coral Overseas, Inc.
  • CapitaLand (China) Corporate Management Co., Ltd.
  • Mingzhu Investments (Hong Kong) Pte Ltd.
  • Citadines Temple Bar (Dublin) Ltd.
  • CLI Mac (Netherlands) B.V.
  • Capita Land Mall Japan Co. , Ltd.
  • Capitaland Indonesia Holdings Pte Ltd.
  • Capitaland Township Investment (Chengdu) II Pte Ltd.
  • Fernwood Investments Pte Ltd.
  • CapitaLand Township Investment (Xian) Pte Ltd.
  • Calderdale Pte Ltd.
  • Brilliance Residential Pte Ltd.
  • Montana Pte Ltd.
  • Fine Day Pte Ltd.
  • Ascott (Europe) Pte Ltd.
  • Asian One Pte Ltd.
  • BSG No. 1 Pte Ltd.
  • Capitaland Voucher Pte Ltd.
  • Capitaland (U.K.) Pte Ltd.
  • CH Commercial Pte Ltd.
  • Capitaland Vietnam Investments Pte Ltd.
  • Gainzillion Pte Ltd.
  • CH Residential Holdings Pte Ltd.

Competitors

    Last Updated on 22 Sep, 2021

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Try 1 month for $0.99

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends October 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to Nikkei Asia has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more