ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Finance

CapitaLand Ltd.

  • 3.31 SGD
  • +0.06
  • +1.85%
  • Singapore
    Jun 21, 2018
  • Ticker
    SES(C31)
  • Prev. close
    3.25
  • Market cap (SGD)
    13,891.74M
  • Market cap (USD)
    10,197.70M
  • 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, CapitaLand China, CapitaLand Mall Asia, Ascott Limited, and Others. The CapitaLand Singapore segment owns and manages commercial properties and develops residential properties in Singapore and Malaysia for sale. The CapitaLand China segment involves residential, commercial and integrated property development. The CapitaLand Mall Asia owns and manages shopping malls in Singapore, China, India, Japan, and Malaysia. The Ascott Limited segment is an international serviced residence owner-operator with operations in key cities of Asia Pacific, Europe, U.S. and the Gulf region. Its brands include Ascott, Somerset and Citadines. The Others segment includes corporate office, group treasury, StorHub, financial services, and other businesses in Vietnam, Indonesia, Japan, and Gulf Cooperation Council countries. The company was founded in November 2000 and is headquartered in Singapore.

Financial Highlights

Dec 2017 SGDUSD
Revenue4,690.26M3,397.56M
Gross Profit1,842.27M1,334.52M
Operating income985.24M713.69M
Income before tax1,747.21M1,265.65M
Net income1,550.75M1,123.34M
EBITDA1,548.14M1,121.45M
Diluted EPS0.340.24
Dividends Per Share0.120.08
Total Assets61,445.66M45,978.49M
Total liabilities29,362.59M21,971.41M
Total equity18,382.37M13,755.14M
Operating cash flow1,963.30M1,422.19M
Currency in SGDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 3,629.48M 4,019.67M 4,852.79M 5,343.47M 4,690.26M
Gross Profit 1,293.20M 1,408.32M 1,490.83M 1,620.08M 1,842.27M
Operating income 453.18M 619.14M 684.64M 839.02M 985.24M
Income before tax 874.27M 1,027.53M 1,112.74M 1,199.11M 1,747.21M
Net income 874.56M 1,131.71M 1,065.65M 1,190.34M 1,550.75M
EBITDA 999.27M 1,126.78M 1,238.64M 1,360.24M 1,548.14M
Diluted EPS 0.22 0.25 0.23 0.26 0.34
Dividends Per Share 0.08 0.09 0.09 0.10 0.12
Total Assets 45,074.97M 44,123.18M 47,052.59M 45,740.77M 61,445.66M
Total liabilities 20,620.19M 20,914.65M 22,114.93M 21,440.29M 29,362.59M
Total equity 16,108.86M 16,758.00M 17,905.30M 17,604.84M 18,382.37M
Operating cash flow 853.35M 948.20M 2,402.93M 3,296.47M 1,963.30M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 2,900.51M 3,172.61M 3,528.64M 3,870.26M 3,397.56M
Gross Profit 1,033.46M 1,111.54M 1,084.03M 1,173.42M 1,334.52M
Operating income 362.16M 488.67M 497.83M 607.70M 713.69M
Income before tax 698.67M 811.00M 809.11M 868.51M 1,265.65M
Net income 698.91M 893.23M 774.87M 862.16M 1,123.34M
EBITDA 798.57M 889.34M 900.66M 985.22M 1,121.45M
Diluted EPS 0.17 0.20 0.17 0.19 0.24
Dividends Per Share 0.06 0.07 0.06 0.07 0.08
Total Assets 35,700.12M 33,298.00M 33,167.16M 31,661.08M 45,978.49M
Total liabilities 16,331.53M 15,783.45M 15,588.71M 14,840.65M 21,971.41M
Total equity 12,758.49M 12,646.59M 12,621.36M 12,185.81M 13,755.14M
Operating cash flow 681.96M 748.39M 1,747.25M 2,387.62M 1,422.19M

Valuation Measures

Dec 2017
PER9.67
ROA2.89%
ROE8.61%
Operating margin21.00%
Profit margin33.06%

Key executives

  • President, Group CEO & Executive Director: Ming Yan Lim
  • Chief Operating Officer: Juan Thong Leow
  • Group Chief Financial Officer: Cho Pin Lim
  • Chief Investment Officer: Chee Koon Lee
  • Deputy Chief Investment Officer: Gerald Yong

Shareholders

  • Temasek Holdings Pte Ltd. (Investment Company) (39.3%)
  • CapitaLand Ltd. (2.3%)
  • The Vanguard Group, Inc. (1.8%)
  • BlackRock Fund Advisors (1.2%)
  • BlackRock Investment Management LLC (1.1%)
  • Norges Bank Investment Management (0.8%)
  • Matthews International Capital Management LLC (0.8%)
  • SSgA Funds Management, Inc. (0.7%)
  • APG Asset Management NV (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.5%)

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 Ltd. (Hong Kong)
  • Market Street Office Pte Ltd.
  • Ladyhill (Pte) Ltd.
  • CTC (Wuxi) Pte Ltd.
  • CLM Isle Investment Pte Ltd.
  • CL China Pte Ltd
  • Somerset Philippines (S) Pte Ltd.
  • CH Commercial Holdings Pte Ltd.
  • BR Properties Pte Ltd.
  • Ascott Holdings (Europe) Pte. Ltd.
  • CLI Five Pte Ltd.
  • Blossom Commercial Holdings Pte Ltd.
  • Blossom Residential Development Pte Ltd.
  • Blossom HK (Residential) Ltd.
  • Blossom HK (Commercial) Ltd.
  • Blossom Commercial Investments Pte Ltd.
  • Adswood Hotel REIT LLC
  • CapitaLand Ltd. /7 Subs/
  • CLI Commercial (Europe) Pte Ltd.
  • Shanghai Zhong Da Industry Development Co., Ltd.
  • Hallmark Isle Five Sdn. Bhd.
  • Somerset Serviced Residence
  • C31 Ventures Pte Ltd.
  • Citadines OMR Aparthotel Pvt Ltd.
  • CapitaLand Township Pte Ltd.
  • CLV Investment 5 Ltd.
  • Ascott Operations Eight Ltd.
  • Capitaland China Investments Ltd.
  • CVH Cayman 9 Ltd.
  • CapitaLand-Vista Joint Venture Co. Ltd.

Competitors

    Last Updated on 21 Jun, 2018

    You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

    Subscribe to get unlimited access to all articles.

    Get unlimited access
    NAR site on phone, device, tablet

    You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

    Subscribe to get unlimited access to all articles.

    3 months for $9

    Get unlimited access
    NAR site on phone, device, tablet

    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 the Nikkei Asian Review 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