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Producer Manufacturing

Jardine Matheson Holdings Ltd.

Company Background

Jardine Matheson Holdings is a Hong Kong-based conglomerate listed in Singapore, with total assets of more than $66 billion. The company engages in engineering and construction, transport services, property investment and development, retailing, restaurants, luxury hotels, motor vehicles, financial services, heavy equipment, mining, and agribusiness through its subsidiaries. Focused mainly on the Asian region, the company employs more than 390,000 people globally.

Jardine Matheson was founded in China as a trading company in 1832 by Scotland's William Jardine and James Matheson, and has become one of the world's largest conglomerates. The company is majority owned by the Keswick family, descendants of William Jardine's older sister Jean Johnstone. Chairman Henry Keswick has been a director of the company since 1967.

The company's interests include Hongkong Land, Dairy Farm and Mandarin Oriental. Hongkong Land is Asia's leading property developer, operating some 800,000 sq. meter of office and retail property in major cities across the region. Dairy Farm manages retail businesses in Asia under brands such as Ikea, 7-Eleven, Mannings and Wellcome. Mandarin Oriental is an international hotel investment and management company, which operates more than 40 resorts around the world.

Business Summary

Jardine Matheson Holdings Ltd. operates as a diversified business group, which focuses principally on Asia. It operates through following segments: Jardine Pacific; Jardine Motors; Jardine Lloyd Thompson; Hong Kong Land; Dairy Farm; Madarin Oriental; Jardine Cycle and Carriage; Astra; and Corporate and Other Interests. The Jardine Pacific segment focuses on the areas of engineering and construction, airport and transport services, restaurants, and information technology. The Jardine Motors segment includes the sales and service of motor vehicles and related activities. The Jardine Lloyd Thompson segment offers insurance, reinsurance and employee benefits related advice, brokerage, and associated services. The Hong Kong Land segment engages in the property investment, management, and development. The Dairy Farm segment operates supermarkets, hypermarkets, health and beauty stores, convenience stores, home furnishings stores, and restaurants. The Madarin Oriental segment covers the hotel investment and management group. The Jardine Cycle and Carriage segment comprises of motor dealerships, financial services, dairy, cement, engineering, and property. The Astra segment is consist of automotive, financial services, and heavy equipment. The company was founded in 1832 and is headquartered in Hong Kong.

Financial Highlights

Dec 2018 USD
Revenue42,527M42,527M
Gross Profit10,387M10,387M
Operating income3,501M3,501M
Income before tax5,467M5,467M
Net income1,732M1,732M
EBITDA4,612M4,612M
Diluted EPS4.604.60
Dividends Per Share1.701.70
Total Assets86,258M86,258M
Total liabilities27,061M27,061M
Total equity26,342M26,342M
Operating cash flow4,146M4,146M
Currency in USDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 39,921M 37,007M 37,051.00M 38,748M 42,527M
Gross Profit 9,346M 8,613M 8,819.00M 9,367M 10,387M
Operating income 3,373M 3,434M 2,788.00M 2,879M 3,501M
Income before tax 3,560M 3,653M 6,346.00M 9,521M 5,467M
Net income 1,710M 1,799M 2,503.00M 3,943M 1,732M
EBITDA 4,347M 4,364M 3,697M 3,860M 4,612M
Diluted EPS 4.61 4.81 6.67 10.45 4.60
Dividends Per Share 1.45 1.45 1.50 1.60 1.70
Total Assets 66,457M 66,581M 71,523M 82,633M 86,258M
Total liabilities 21,652M 21,081M 21,786M 24,865M 27,061M
Total equity 19,267M 19,886M 21,800M 25,659M 26,342M
Operating cash flow 3,354M 4,089M 3,967.00M 4,298M 4,146M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 39,921M 37,007M 37,051.00M 38,748M 42,527M
Gross Profit 9,346M 8,613M 8,819.00M 9,367M 10,387M
Operating income 3,373M 3,434M 2,788.00M 2,879M 3,501M
Income before tax 3,560M 3,653M 6,346.00M 9,521M 5,467M
Net income 1,710M 1,799M 2,503.00M 3,943M 1,732M
EBITDA 4,347M 4,364M 3,697M 3,860M 4,612M
Diluted EPS 4.61 4.81 6.67 10.45 4.60
Dividends Per Share 1.45 1.45 1.50 1.60 1.70
Total Assets 66,457M 66,581M 71,523M 82,633M 86,258M
Total liabilities 21,652M 21,081M 21,786M 24,865M 27,061M
Total equity 19,267M 19,886M 21,800M 25,659M 26,342M
Operating cash flow 3,354M 4,089M 3,967.00M 4,298M 4,146M

Valuation Measures

Dec 2018
PER15.10
ROA2.05%
ROE6.66%
Operating margin8.23%
Profit margin4.07%

Key executives

  • Chairman & Managing Director: Ben Keswick
  • Executive Director & Group Finance Director: John Raymond Witt
  • Executive Director & Group Strategy Director: Mark Spencer Greenberg
  • Executive Director & Deputy Managing Director: Yiu Kai Pang
  • Executive Director & Group General Counsel: Jeremy Glyn Parr

Shareholders

  • Jardine Strategic Holdings Ltd. (57.8%)
  • 1947 Trust (4.8%)
  • KESWICK FAMILY (4.7%)
  • First Eagle Investment Management LLC (1.9%)
  • KESWICK HENRY NEVILLE LINDLEY (1.5%)
  • KESWICK BENJAMIN WILLIAM (1.2%)
  • The Vanguard Group, Inc. (0.8%)
  • Baillie Gifford & Co. (0.7%)
  • BlackRock Fund Advisors (0.6%)
  • Capital Research & Management Co. (World Investors) (0.5%)

Contact Details

Related Companies

  • Jardine Technology Holdings Ltd.
  • JMH Co. Ltd.
  • Jardine Matheson Bermuda Ltd.
  • JMH Treasury Ltd.
  • TJ Engineering Services Ltd.
  • Js Holdings Luxembourg SARL
  • Jardine Pacific Ltd.
  • Jardine Motors Group Ltd.
  • Dairy Farm Management Services Ltd.
  • Jardine Matheson (Malaysia) Sdn. Bhd.
  • Jardine Matheson Australia Pty Ltd.
  • Jardine California Motors Ltd.
  • Jardine Matheson Holdings Investments Ltd.
  • RPG Guardian Pvt Ltd.
  • Culverdale Investments Ltd.
  • Franklins Holdings Ltd.
  • Appleyard Contracts Ltd.
  • Astra Sedaya Finance II
  • Astra Sedaya Finance I
  • Wellcome Taiwan Co. Ltd.
  • Securair Ltd.
  • Taco Aloha, Inc.
  • Jardine OneSolution Holdings Ltd.
  • Jardine Matheson /New Zealand/ Ltd.
  • Jardine Matheson & Co. Ltd.
  • Jardine Matheson Co. Ltd. (Taiwan)
  • Jardine Matheson (China) Ltd.
  • Yum Restaurants Taiwan Co. Ltd.
  • Jardine Matheson Ltd.
  • Jardine Matheson (Thailand) Ltd.

Competitors

  • Hong Kong Television Network Ltd.
  • Emc Public Company Limited
Last Updated on 18 Sep, 2019

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