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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. is a diversified Asian-based group with unsurpassed experience in the region. It holds interests directly in Jardine Pacific (100%) and Jardine Motors (100%), while its 85%-held Group holding company, Jardine Strategic, holds interests in Hongkong Land (50%), Dairy Farm (78%), Mandarin Oriental (79%) and Jardine Cycle & Carriage (75%) (JC&C). JC&C in turn has a 50% shareholding in Astra. Jardine Strategic also has a 58% shareholding in Jardine Matheson. The Group companies operate in the fields of motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, transport services, restaurants, luxury hotels, financial services, heavy equipment, mining, energy and agribusiness. The company was founded on April 9, 1984 and is headquartered in Hamilton, Bermuda.

Financial Highlights

Dec 2020 USD
Revenue32,647.00M32,647.00M
Gross Profit8,298.00M8,298.00M
Operating income1,732.00M1,732.00M
Income before tax-1,520.00M-1,520.00M
Net income-394.00M-394.00M
EBITDA4,159M4,159M
Diluted EPS-1.07-1.07
Dividends Per Share1.721.72
Total Assets93,526M93,526M
Total liabilities30,683M30,683M
Total equity29,387M29,387M
Operating cash flow5,275.00M5,275.00M
Currency in USDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 37,051.00M 38,748.00M 42,527.00M 40,922.00M 32,647.00M
Gross Profit 8,819.00M 9,367.00M 10,391.00M 10,195.00M 8,298.00M
Operating income 2,788.00M 2,879.00M 3,596.00M 3,396.00M 1,732.00M
Income before tax 6,346.00M 9,521.00M 5,444.00M 5,431.00M -1,520.00M
Net income 2,503.00M 3,943.00M 1,722.00M 2,838.00M -394.00M
EBITDA 3,697M 3,860M 5,780M 5,802M 4,159M
Diluted EPS 6.67 10.45 4.57 7.56 -1.07
Dividends Per Share 1.50 1.60 1.70 1.72 1.72
Total Assets 71,523M 82,633M 90,150M 97,028M 93,526M
Total liabilities 21,786M 24,865M 31,352M 31,957M 30,683M
Total equity 21,800M 25,659M 26,069M 30,351M 29,387M
Operating cash flow 3,967.00M 4,298.00M 5,157.00M 4,865.00M 5,275.00M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 37,051.00M 38,748.00M 42,527.00M 40,922.00M 32,647.00M
Gross Profit 8,819.00M 9,367.00M 10,391.00M 10,195.00M 8,298.00M
Operating income 2,788.00M 2,879.00M 3,596.00M 3,396.00M 1,732.00M
Income before tax 6,346.00M 9,521.00M 5,444.00M 5,431.00M -1,520.00M
Net income 2,503.00M 3,943.00M 1,722.00M 2,838.00M -394.00M
EBITDA 3,697M 3,860M 5,780M 5,802M 4,159M
Diluted EPS 6.67 10.45 4.57 7.56 -1.07
Dividends Per Share 1.50 1.60 1.70 1.72 1.72
Total Assets 71,523M 82,633M 90,150M 97,028M 93,526M
Total liabilities 21,786M 24,865M 31,352M 31,957M 30,683M
Total equity 21,800M 25,659M 26,069M 30,351M 29,387M
Operating cash flow 3,967.00M 4,298.00M 5,157.00M 4,865.00M 5,275.00M

Valuation Measures

Dec 2020
PER--
ROA-0.41%
ROE-1.31%
Operating margin5.30%
Profit margin-1.20%

Key executives

  • Group Managing Director & Executive Director: John Raymond Witt
  • Group Finance Director & Executive Director: Graham Timothy Baker
  • Executive Director & Deputy Managing Director: Yiu Kai Pang
  • Executive Director & Group General Counsel: Jeremy Glyn Parr
  • Group Treasurer: Matthew Bishop

Shareholders

  • Jardine Matheson Holdings Ltd. (59.1%)
  • KESWICK FAMILY (4.9%)
  • 1947 Trust (4.9%)
  • First Eagle Investment Management LLC (1.9%)
  • KESWICK BENJAMIN WILLIAM (1.4%)
  • The Vanguard Group, Inc. (0.6%)
  • BlackRock Fund Advisors (0.6%)
  • Walter Scott & Partners Ltd. (0.5%)
  • WEATHERALL EDWARD PERCY KESWICK (0.4%)
  • KESWICK ADAM PHILLIP CHARLES (0.4%)

Contact Details

Related Companies

  • PHD Hong Kong Management Ltd.
  • JRG (Hong Kong) Holdings Ltd.
  • Jardine Matheson & Co. (Macau) Ltd.
  • Jardine Technology Holdings Ltd.
  • JMH Co. Ltd.
  • Hongkong Land Notes Co. Ltd. (British Virgin Island)
  • 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
  • Securair Ltd.
  • Taco Aloha, Inc.
  • Jardine OneSolution Holdings Ltd.
  • Jardine Matheson /New Zealand/ Ltd.
  • Jardine Matheson Vietnam
  • Jardine Matheson & Co. Ltd.
  • Jardine Matheson Co. Ltd. (Taiwan)

Competitors

  • Seven & I Holdings Co., Ltd.
  • Emc Public Company Limited
  • Hollysys Automation Technologies Ltd.
Last Updated on 15 Oct, 2021

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