Transportation
ComfortDelGro Corp. Ltd.
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- Asia stocks climb as US-China tariff delay boosts mood Aug 14, 2019 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 focuses on the provision of bus and rail services to commuters travelling on public transport systems, coach rental services, and ancillary advertisement. The Taxi segment deals with renting out taxis, operating taxi bureau services, and ancillary advertisement. The Automotive Engineering Services segment offers 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 comprises 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 involves the 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 2020 | SGD | USD |
| Revenue | 3,228.60M | 2,340.60M |
| Gross Profit | 406.30M | 294.55M |
| Operating income | 115.90M | 84.02M |
| Income before tax | 117.20M | 84.96M |
| Net income | 61.80M | 44.80M |
| EBITDA | 532.50M | 386.04M |
| Diluted EPS | 0.02 | 0.02 |
| Dividends Per Share | 0.01 | 0.01 |
| Total Assets | 5,308.50M | 4,016.57M |
| Total liabilities | 1,895.10M | 1,433.88M |
| Total equity | 2,606.80M | 1,972.38M |
| Operating cash flow | 482.90M | 350.08M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 4,059.50M | 3,576.40M | 3,805.20M | 3,901.10M | 3,228.60M |
| Gross Profit | 944.70M | 866.80M | 872.50M | 846.70M | 406.30M |
| Operating income | 464.10M | 521.30M | 518.70M | 533M | 115.90M |
| Income before tax | 466.60M | 425.40M | 439.30M | 406.60M | 117.20M |
| Net income | 317.10M | 301.50M | 303.30M | 265.10M | 61.80M |
| EBITDA | 860.10M | 930.10M | 913M | 958.70M | 532.50M |
| Diluted EPS | 0.14 | 0.13 | 0.14 | 0.12 | 0.02 |
| Dividends Per Share | 0.10 | 0.10 | 0.10 | 0.09 | 0.01 |
| Total Assets | 5,049.40M | 4,827.70M | 5,136.70M | 5,379M | 5,308.50M |
| Total liabilities | 1,577.70M | 1,507.50M | 1,838.50M | 2,005.10M | 1,895.10M |
| Total equity | 2,475.50M | 2,618.20M | 2,613.60M | 2,595M | 2,606.80M |
| Operating cash flow | 707.10M | 600.20M | 669.80M | 605.80M | 482.90M |
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
| Revenue | 2,940.28M | 2,590.69M | 2,820.12M | 2,859.62M | 2,340.60M |
| Gross Profit | 684.24M | 627.89M | 646.63M | 620.65M | 294.55M |
| Operating income | 336.14M | 377.62M | 384.42M | 390.70M | 84.02M |
| Income before tax | 337.95M | 308.15M | 325.57M | 298.05M | 84.96M |
| Net income | 229.67M | 218.40M | 224.78M | 194.32M | 44.80M |
| EBITDA | 622.96M | 673.75M | 676.64M | 702.75M | 386.04M |
| Diluted EPS | 0.10 | 0.10 | 0.10 | 0.08 | 0.02 |
| Dividends Per Share | 0.07 | 0.07 | 0.07 | 0.07 | 0.01 |
| Total Assets | 3,495.12M | 3,612.46M | 3,768.67M | 4,000.29M | 4,016.57M |
| Total liabilities | 1,092.06M | 1,128.03M | 1,348.86M | 1,491.16M | 1,433.88M |
| Total equity | 1,713.50M | 1,959.14M | 1,917.53M | 1,929.87M | 1,972.38M |
| Operating cash flow | 512.15M | 434.77M | 496.40M | 444.07M | 350.08M |
Valuation Measures
| Dec 2020 | |
| PER | 58.59 |
| ROA | 1.15% |
| ROE | 2.37% |
| Operating margin | 3.58% |
| Profit margin | 1.91% |
Key executives
- Group CEO, MD & Non-Independent Director: Ban Seng Yang
- Group Chief Financial Officer: Thong Hean Koh
- Group Chief Technology Officer: Eng Hoe Neo
- Group Chief Business Development Office: Peng Yen Choo
- Group Chief Insurance Officer: Beng Peng Chua
Shareholders
- BlackRock Fund Advisors (4.9%)
- T. Rowe Price Hong Kong Ltd. (3.1%)
- The Vanguard Group, Inc. (2.2%)
- BMO Asset Managers Ltd. (1.7%)
- Norges Bank Investment Management (1.6%)
- Pyrford International Ltd. (1.6%)
- First Eagle Investment Management LLC (1.1%)
- Dimensional Fund Advisors LP (0.9%)
- Invesco Asset Management Ltd. (0.8%)
- Aberdeen Standard Investments (Asia) Ltd. (0.6%)
Contact Details
- Website:http://www.comfortdelgro.com
- Phone: +65.6383.8833
Related Companies
- Comfortdelgro Corp. Ltd. /London Operations/
- ComfortDelGro Irish Citylink Ltd.
- Comfortdelgro Ventures Pte. Ltd.
- 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 Comfort Transportation Co. Ltd.
- Citycab Pte Ltd.
- ComfortDelGro Engineering Pte Ltd.
- ComfortDelgro Bus Pte Ltd.
- Braddell Ltd.
- Beijing Jin Jian Taxi Services Co. 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.
- Beijing Tian Long Da Tian Vehicle Inspection Co Ltd
- Tecobest Investment Ltd
- Swan Taxis Pty Ltd
- Delgro Investments Pte Ltd.
- Metroline Ltd.
- Vicom Ltd
- SBS Transit Ltd
Competitors
- Stagecoach Group plc
- Go-Ahead Group plc
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Last Updated on 19 Oct, 2021
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