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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 2021 USD
Revenue35,862.00M35,862.00M
Gross Profit9,107.00M9,107.00M
Operating income2,800.00M2,800.00M
Income before tax2,643.00M2,643.00M
Net income1,881.00M1,881.00M
EBITDA5,021M5,021M
Diluted EPS6.006.00
Dividends Per Share22
Total Assets91,489M91,489M
Total liabilities33,121M33,121M
Total equity29,781M29,781M
Operating cash flow5,076.00M5,076.00M
Currency in USDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 38,748.00M 42,527.00M 40,922.00M 32,647.00M 35,862.00M
Gross Profit 9,367.00M 10,391.00M 10,195.00M 8,298.00M 9,107.00M
Operating income 2,879.00M 3,596.00M 3,396.00M 1,732.00M 2,800.00M
Income before tax 9,521.00M 5,444.00M 5,431.00M -1,520.00M 2,643.00M
Net income 3,943.00M 1,722.00M 2,838.00M -394.00M 1,881.00M
EBITDA 3,860M 5,780M 5,802M 4,159M 5,021M
Diluted EPS 10.45 4.57 7.56 -1.07 6.00
Dividends Per Share 1.60 1.70 1.72 1.72 2
Total Assets 82,633M 90,150M 97,028M 93,526M 91,489M
Total liabilities 24,865M 31,352M 31,957M 30,683M 33,121M
Total equity 25,659M 26,069M 30,351M 29,387M 29,781M
Operating cash flow 4,298.00M 5,157.00M 4,865.00M 5,275.00M 5,076.00M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 38,748.00M 42,527.00M 40,922.00M 32,647.00M 35,862.00M
Gross Profit 9,367.00M 10,391.00M 10,195.00M 8,298.00M 9,107.00M
Operating income 2,879.00M 3,596.00M 3,396.00M 1,732.00M 2,800.00M
Income before tax 9,521.00M 5,444.00M 5,431.00M -1,520.00M 2,643.00M
Net income 3,943.00M 1,722.00M 2,838.00M -394.00M 1,881.00M
EBITDA 3,860M 5,780M 5,802M 4,159M 5,021M
Diluted EPS 10.45 4.57 7.56 -1.07 6.00
Dividends Per Share 1.60 1.70 1.72 1.72 2
Total Assets 82,633M 90,150M 97,028M 93,526M 91,489M
Total liabilities 24,865M 31,352M 31,957M 30,683M 33,121M
Total equity 25,659M 26,069M 30,351M 29,387M 29,781M
Operating cash flow 4,298.00M 5,157.00M 4,865.00M 5,275.00M 5,076.00M

Valuation Measures

Dec 2021
PER9.15
ROA2.03%
ROE6.35%
Operating margin7.80%
Profit margin5.24%

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
  • Group Treasurer: Matthew Bishop
  • Group Financial Controller: Kelly Kong

Shareholders

  • KESWICK FAMILY (13.2%)
  • 1947 Trust (12.4%)
  • First Eagle Investment Management LLC (5.0%)
  • KESWICK BENJAMIN WILLIAM (3.5%)
  • Orbis Investment Management Ltd. (1.8%)
  • BlackRock Fund Advisors (1.5%)
  • The Vanguard Group, Inc. (1.4%)
  • Walter Scott & Partners Ltd. (1.3%)
  • Geode Capital Management LLC (1.1%)
  • WEATHERALL EDWARD PERCY KESWICK (1.1%)

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.
  • Jardine OneSolution Holdings Ltd.
  • Jardine Matheson /New Zealand/ Ltd.
  • Jardine Matheson Vietnam
  • Jardine Matheson & Co. Ltd.
  • Jardine Matheson Co. Ltd. (Taiwan)
  • Jardine Matheson (China) Ltd.

Competitors

  • Seven & I Holdings Co., Ltd.
  • Emc Public Company Limited
Last Updated on 27 Sep, 2022

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