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Transportation
ComfortDelGro Corp. Ltd.
- 2.33 SGD
- +0.03
- +1.30%
Singapore
Aug 16, 2018Ticker
SES(C52)Prev. close
2.30Market cap (SGD)
4,980.24MMarket cap (USD)
3,618.83MShares
2,165.32M
In the news
- ComfortDelGro banks on acquisitions as profit shrinks May 11, 2018
- Nikkei Asia300 clocks weekly gain as tech shares rally May 11, 2018
- Malaysia, Singapore shares fall as US-China trade woes weigh May 7, 2018
- Singapore, Malaysia shares decline on US bond yield jitters Apr 25, 2018
- Singapore stocks hit three-month high as banks advance Apr 19, 2018 See more articles on ComfortDelGro Corp. Ltd.
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.
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: Public Transport Services; Taxi; Automotive Engineering Services; Inspection and Testing Services; Driving Centre; Car Rental and Leasing; and Bus Station. The Public Transport Services segment engages in the provision of bus and rail services to commuters travelling on public transport systems, contracted revenue for operation of scheduled services, provision of coach rental services, and ancillary advertisement. The Taxi segment engages in renting out taxis, operating taxi bureau services and ancillary advertisement. The Automotive Engineering Services segment provides vehicular maintenance and repair services, construction of specialized vehicles, assembly of bus bodies, crash repair services, engineering services, and sale of diesel. The Inspection and Testing Services segment is comprised of motor vehicle inspection services and non-vehicle testing, inspection and consultancy services. The Driving Centre segment operates driving schools. The Car Rental and Leasing segment offers renting and leasing of cars. The Bus Station segment includes commission income from fare collection. The company was founded on March 29, 2003 and is headquartered in Singapore.
Financial Highlights
| Dec 2017 | SGD | USD |
| Revenue | 3,970.90M | 2,876.46M |
| Gross Profit | 854.10M | 618.69M |
| Operating income | 405.30M | 293.59M |
| Income before tax | 425.40M | 308.15M |
| Net income | 301.50M | 218.40M |
| EBITDA | 814.10M | 589.72M |
| Diluted EPS | 0.13 | 0.10 |
| Dividends Per Share | 0.10 | 0.07 |
| Total Assets | 4,827.70M | 3,612.46M |
| Total liabilities | 1,507.50M | 1,128.03M |
| Total equity | 2,618.20M | 1,959.14M |
| Operating cash flow | 600.20M | 434.77M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 3,747.70M | 4,051.30M | 4,111.50M | 4,059.50M | 3,970.90M |
| Gross Profit | 1,145.20M | 893.30M | 931.20M | 944.70M | 854.10M |
| Operating income | 430.70M | 438.10M | 445.60M | 464.10M | 405.30M |
| Income before tax | 414.30M | 436.30M | 452.20M | 466.60M | 425.40M |
| Net income | 263.20M | 283.50M | 301.90M | 317.10M | 301.50M |
| EBITDA | 768.10M | 791.80M | 834.90M | 860.10M | 814.10M |
| Diluted EPS | 0.12 | 0.13 | 0.14 | 0.14 | 0.13 |
| Dividends Per Share | 0.07 | 0.08 | 0.09 | 0.10 | 0.10 |
| Total Assets | 5,084.70M | 5,230.70M | 5,216.30M | 5,049.40M | 4,827.70M |
| Total liabilities | 2,001.70M | 2,099.60M | 1,924.50M | 1,577.70M | 1,507.50M |
| Total equity | 2,154.70M | 2,189.90M | 2,335.10M | 2,475.50M | 2,618.20M |
| Operating cash flow | 686.30M | 728.50M | 599M | 707.10M | 600.20M |
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | |
| Revenue | 2,994.98M | 3,197.57M | 2,989.61M | 2,940.28M | 2,876.46M |
| Gross Profit | 915.19M | 705.05M | 677.10M | 684.24M | 618.69M |
| Operating income | 344.19M | 345.78M | 324.01M | 336.14M | 293.59M |
| Income before tax | 331.08M | 344.35M | 328.81M | 337.95M | 308.15M |
| Net income | 210.33M | 223.75M | 219.52M | 229.67M | 218.40M |
| EBITDA | 613.82M | 624.94M | 607.08M | 622.96M | 589.72M |
| Diluted EPS | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 |
| Dividends Per Share | 0.05 | 0.06 | 0.06 | 0.07 | 0.07 |
| Total Assets | 4,027.16M | 3,947.40M | 3,676.94M | 3,495.12M | 3,612.46M |
| Total liabilities | 1,585.37M | 1,584.48M | 1,356.57M | 1,092.06M | 1,128.03M |
| Total equity | 1,706.55M | 1,652.63M | 1,646.00M | 1,713.50M | 1,959.14M |
| Operating cash flow | 548.45M | 574.98M | 435.55M | 512.15M | 434.77M |
Valuation Measures
| Dec 2017 | |
| PER | 14.19 |
| ROA | 6.10% |
| ROE | 11.83% |
| Operating margin | 10.20% |
| Profit margin | 7.59% |
Key executives
- Group Chief Executive Officer, MD & Director: Ban Seng Yang
- Group Financial Officer: Chek Siew Choo
- Group Information Officer: Eng Hoe Neo
- Senior Vice President & Head-Treasury: Poh Choo Tan
- Group Business Development Officer: Sok Yong Eng
Shareholders
- BlackRock Fund Advisors (6.9%)
- The Vanguard Group, Inc. (2.4%)
- First Eagle Investment Management LLC (2.3%)
- Eastspring Investments (Singapore) Ltd. (2.1%)
- Norges Bank Investment Management (1.3%)
- Aberdeen Asset Management (Asia) Ltd. (1.0%)
- Pyrford International Ltd. (0.9%)
- TD Asset Management, Inc. (0.7%)
- First State Investments (Singapore) (0.7%)
- CAPFI DELEN Asset Management SA (0.5%)
Contact Details
- Website:http://www.comfortdelgro.com.sg
- Phone: +65.6383.8833
Related Companies
- CDC Victoria Pty Ltd
- Chengdu ComfortDelGro Taxi Co., Ltd.
- Spark Car Care
- ComfortDelGro Rent-A-Car Pte Ltd.
- Moove Media Pte Ltd.
- ComfortDelGro Insurance Brokers Pte Ltd.
- Nanning ComfortDelGro Rent-A-Car Co. Ltd.
- Nanning Comfort Transportation Co. Ltd.
- Citycab Pte Ltd.
- ComfortDelgro Bus Pte Ltd.
- Braddell Ltd.
- Beijing Jin Jian Taxi Services Co. Ltd.
- DelGro Engineering Pte Ltd.
- CityFleet Networks Ltd.
- Waterbank Properties S Pte Ltd.
- ComfortDelGro (China) Pte Ltd.
- ComfortDelGro Corporation Australia Pty Ltd.
- Vinatax Co. Ltd.
- Comfortdelgro Savico Taxi Co. Ltd.
- Beijing Tian Long Da Tian Vehicle Inspection Co Ltd
- Tecobest Investment Ltd
- Swan Taxis Pty Ltd
- Delgro Investments Pte Ltd.
- Metroline Plc
- Vicom Ltd
- SBS Transit Ltd
Competitors
- Go-Ahead Group plc
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