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
Financial Highlights
Dec 2022 | SGD | USD |
Revenue | 3,780.80M | 2,741.71M |
Gross Profit | 595.10M | 431.54M |
Operating income | 317.60M | 230.31M |
Income before tax | 271.90M | 197.17M |
Net income | 173.10M | 125.52M |
EBITDA | 674.80M | 489.34M |
Diluted EPS | 0.07 | 0.05 |
Dividends Per Share | 0.04 | 0.03 |
Total Assets | 4,700.80M | 3,504.92M |
Total liabilities | 1,697.10M | 1,265.35M |
Total equity | 2,568.90M | 1,915.37M |
Operating cash flow | 606.30M | 439.66M |
Currency in SGD | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 3,805.20M | 3,901.10M | 3,242.60M | 3,502.80M | 3,780.80M |
Gross Profit | 872.50M | 846.70M | 404.90M | 535.80M | 595.10M |
Operating income | 518.70M | 533M | 114.50M | 238.80M | 317.60M |
Income before tax | 439.30M | 406.60M | 115.80M | 194.60M | 271.90M |
Net income | 303.30M | 265.10M | 60.80M | 123M | 173.10M |
EBITDA | 913M | 958.70M | 546.50M | 615.10M | 674.80M |
Diluted EPS | 0.14 | 0.12 | 0.02 | 0.05 | 0.07 |
Dividends Per Share | 0.10 | 0.09 | 0.01 | 0.04 | 0.04 |
Total Assets | 5,136.70M | 5,379M | 4,958.60M | 4,914.40M | 4,700.80M |
Total liabilities | 1,838.50M | 2,005.10M | 1,884.10M | 1,801.20M | 1,697.10M |
Total equity | 2,613.60M | 2,595M | 2,646.70M | 2,678.60M | 2,568.90M |
Operating cash flow | 669.80M | 605.80M | 543.50M | 658.40M | 606.30M |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 2,820.12M | 2,859.62M | 2,350.75M | 2,606.51M | 2,741.71M |
Gross Profit | 646.63M | 620.65M | 293.53M | 398.70M | 431.54M |
Operating income | 384.42M | 390.70M | 83.00M | 177.69M | 230.31M |
Income before tax | 325.57M | 298.05M | 83.95M | 144.80M | 197.17M |
Net income | 224.78M | 194.32M | 44.07M | 91.52M | 125.52M |
EBITDA | 676.64M | 702.75M | 396.19M | 457.71M | 489.34M |
Diluted EPS | 0.10 | 0.08 | 0.02 | 0.04 | 0.05 |
Dividends Per Share | 0.07 | 0.07 | 0.01 | 0.03 | 0.03 |
Total Assets | 3,768.67M | 4,000.29M | 3,751.82M | 3,645.29M | 3,504.92M |
Total liabilities | 1,348.86M | 1,491.16M | 1,425.56M | 1,336.05M | 1,265.35M |
Total equity | 1,917.53M | 1,929.87M | 2,002.57M | 1,986.87M | 1,915.37M |
Operating cash flow | 496.40M | 444.07M | 394.01M | 489.93M | 439.66M |
Valuation Measures
Dec 2022 | |
PER | 15.39 |
ROA | 3.60% |
ROE | 6.59% |
Operating margin | 8.40% |
Profit margin | 4.57% |
Management
- Group CEO, MD & Non-Independent Executive Director: Siak Kian Cheng
- Group Chief Technology Officer: Eng Hoe Neo
- Group Chief Insurance Officer: Beng Peng Chua
- Group Deputy Chief Executive Officer: Thong Hean Koh
- Chief Executive Officer-Taxi Business: Ah Han Tan
Shareholders
- Pyrford International Ltd. (5.0%)
- The Vanguard Group, Inc. (3.2%)
- Invesco Asset Management Ltd. (1.6%)
- Norges Bank Investment Management (1.5%)
- Columbia Threadneedle Asset Managers Ltd. (1.5%)
- BMO Asset Management Corp. (1.2%)
- BlackRock Fund Advisors (1.1%)
- Dimensional Fund Advisors LP (0.9%)
- DAWN KUA SU WEN (0.4%)
- Changi Bus Co. Pte Ltd. (0.4%)
Contact Details
- Website:http://www.comfortdelgro.com
- Phone: +65.6383.8833
Related Companies
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- ComfortDelGro MedCare Pte Ltd.
- Comfortdelgro Corp. Ltd. /London Operations/
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- Braddell Ltd.
- DelGro Engineering Pte Ltd.
- Waterbank Properties S Pte Ltd.
- ComfortDelGro (China) Pte Ltd.
- ComfortDelGro Corporation Australia Pty Ltd.
- Vinatax Co. Ltd.
- Comfortdelgro Savico Taxi Co. Ltd.
- Tecobest Investment Ltd
- Swan Taxis Pty Ltd.
- Delgro Investments Pte Ltd.
- VICOM Ltd
- SBS Transit Ltd
Competitors
- Grab Holdings Limited Class A
- Go-Ahead Group plc
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