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Finance

CapitaLand Ltd.

  • 3.55 SGD
  • +0.01
  • +0.28%
  • Singapore
    Apr 23, 2019
  • Ticker
    SES(C31)
  • Prev. close
    3.54
  • Market cap (SGD)
    15,131.31M
  • Market cap (USD)
    11,153.04M
  • Shares
    4,274.38M

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, Malaysia and Indonesia (CL SMI), CapitaLand China (CL China), CapitaLand Vietnam (CL Vietnam) and CapitaLand International (CL International). The CL SMI segment involves in the residential, commercial, shopping malls and serviced residence properties development for sale in Singapore, Malaysia and Indonesia. The CL China segment involves in the residential, commercial, shopping malls and serviced residences property development in China. The CL Vietnam segment involves in the residential, commercial and serviced residences property development in Vietnam. The CL International segment involves in commercial, shopping malls and serviced residences property development in Europe, United States of America and Middle East as well as key cities of Asia Pacific excludes Singapore, Malaysia, Indonesia, China and Vietnam. The Others segment includes corporate office and group treasury. The company was founded in November 2000 and is headquartered in Singapore.

Financial Highlights

Dec 2018 SGDUSD
Revenue5,768.59M4,275.23M
Gross Profit2,781.10M2,061.14M
Operating income1,768.98M1,311.03M
Income before tax2,549.09M1,889.19M
Net income1,762.49M1,306.22M
EBITDA2,460.24M1,823.34M
Diluted EPS0.390.28
Dividends Per Share0.120.08
Total Assets64,647.55M47,430.34M
Total liabilities31,340.61M22,993.85M
Total equity18,952.71M13,905.14M
Operating cash flow452.92M335.67M
Currency in SGDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 4,019.67M 4,852.79M 5,343.47M 4,698.68M 5,768.59M
Gross Profit 1,408.32M 1,490.83M 1,620.08M 2,028.30M 2,781.10M
Operating income 619.14M 684.64M 839.02M 1,171.27M 1,768.98M
Income before tax 1,027.53M 1,112.74M 1,199.11M 1,933.24M 2,549.09M
Net income 1,131.71M 1,065.65M 1,190.34M 1,569.56M 1,762.49M
EBITDA 1,126.78M 1,238.64M 1,360.24M 1,734.17M 2,460.24M
Diluted EPS 0.25 0.23 0.26 0.34 0.39
Dividends Per Share 0.09 0.09 0.10 0.12 0.12
Total Assets 44,123.18M 47,052.59M 45,740.77M 61,539.17M 64,647.55M
Total liabilities 20,914.65M 22,114.93M 21,440.29M 29,421.35M 31,340.61M
Total equity 16,758.00M 17,905.30M 17,604.84M 18,412.89M 18,952.71M
Operating cash flow 948.20M 2,402.93M 3,296.47M 1,963.30M 452.92M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,172.61M 3,528.64M 3,870.26M 3,403.66M 4,275.23M
Gross Profit 1,111.54M 1,084.03M 1,173.42M 1,469.27M 2,061.14M
Operating income 488.67M 497.83M 607.70M 848.45M 1,311.03M
Income before tax 811.00M 809.11M 868.51M 1,400.41M 1,889.19M
Net income 893.23M 774.87M 862.16M 1,136.96M 1,306.22M
EBITDA 889.34M 900.66M 985.22M 1,256.21M 1,823.34M
Diluted EPS 0.20 0.17 0.19 0.24 0.28
Dividends Per Share 0.07 0.06 0.07 0.08 0.08
Total Assets 33,298.00M 33,167.16M 31,661.08M 46,048.47M 47,430.34M
Total liabilities 15,783.45M 15,588.71M 14,840.65M 22,015.37M 22,993.85M
Total equity 12,646.59M 12,621.36M 12,185.81M 13,777.97M 13,905.14M
Operating cash flow 748.39M 1,747.25M 2,387.62M 1,422.19M 335.67M

Valuation Measures

Dec 2018
PER7.38
ROA2.79%
ROE9.43%
Operating margin30.66%
Profit margin30.55%

Key executives

  • President, Chief Executive & Investment Officer: Chee Koon Lee
  • Group Chief Financial Officer: Cho Pin Lim
  • President-Asia Region & Retail: Juan Thong Leow
  • Head-Investor Relations: Rui Hua Chang
  • Group Chief People Officer: Seng Chai Tan

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (39.3%)
  • CapitaLand Ltd. (2.3%)
  • BlackRock Investment Management LLC (2.1%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.1%)
  • Norges Bank Investment Management (0.9%)
  • SSgA Funds Management, Inc. (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.5%)
  • Dimensional Fund Advisors LP (0.4%)
  • CBRE Clarion Securities LLC (0.4%)

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 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.
  • Somerset Holdings (Hong Kong) Pte Ltd.
  • CH Residential Pte Ltd.
  • Allamanda Residential Investments Pte Ltd.
  • Cl JM Pte Ltd.
  • Allamanda Residential Development Pte Ltd.
  • Allamanda Realty Pte Ltd.
  • Surbana Site Supervisors Pte Ltd.
  • CLC Investment Two Pte Ltd.
  • CapitaLand Township Investment (Shenyang) Pte Ltd.
  • Pennysvale Pte Ltd.
  • CapitaLand International Pte Ltd.
  • CapitaLand Mall Asia Ltd. (Singapore)
  • Capitaland Real Estate Management (Vietnam) Ltd.
  • CLI Atlas Holding LLC

Competitors

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