Asia300

ComfortDelGro Corp. Ltd.

Singapore

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Feb 19, 2018
Prev close: 2.04
Feb 19, 2018
Market cap:
Market cap(USD):
4,413.62M
3,361.99M
Shares: 2,163.53M

Currency in SGD

Company profile

Market(Ticker): SES(C52)
Sector:
Industry:
Transportation
Other Transportation
Full time employees: --

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; Bus Station; Automotive Engineering Services; Inspection and Testing Services; Car Rental and Leasing; and Driving Centre. The Public Transport Services segment engages in the provision of bus and rail services to commuters travelling on public transport systems, contracted revenue for operation of scheduled services, provision of coach rental services and ancillary advertisement. The Taxi segment engages in renting out taxis, operating taxi bureau services and ancillary advertisement. The Bus Station segment engages in fare collection. The Automotive Engineering Services segment engages in the provision of 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 engages in the provision of motor vehicle inspection services and provision of non-vehicle testing, inspection and consultancy services. The Car Rental and Leasing segment engages in renting and leasing of cars. The Driving Centre segment operates driving schools. The company was founded on March 29, 2003 and is headquartered in Singapore.

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.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 3,970.9M
Gross profit 842.6M
Operating income 409.2M
Income before tax 425.4M
Net income 301.5M
EBITDA 818M
Diluted EPS 0.13
Dividends per share 0.10
Total assets 4,827.7M
Total liabilities 1,507.5M
Total equity 2,618.2M
Operating cash flow 600.2M

Currency in SGD

Revenue 2,876.46M
Gross profit 610.36M
Operating income 296.41M
Income before tax 308.15M
Net income 218.40M
EBITDA 592.54M
Diluted EPS 0.10
Dividends per share 0.07
Total assets 3,612.46M
Total liabilities 1,128.03M
Total equity 1,959.14M
Operating cash flow 434.77M

Currency in USD

Valuation measures

Dec 2017

PER 14.19
ROA 6.10%
ROE 11.83%
Operating margin 10.30%
Profit margin 7.59%

Key executive

  • Group Chief Executive Officer, Director & MD: Ban Seng Yang
  • Group Financial Officer: Chek Siew Choo
  • Group Information Officer: Eng Hoe Neo
  • Chief Executive Officer-Taxi Business: Wei Neng Ang
  • CEO-United Kingdom/Ireland Business Unit: Jaspal Singh

Share holders

  • BlackRock Fund Advisors(6.0%)
  • The Vanguard Group, Inc.(2.3%)
  • First Eagle Investment Management LLC(2.1%)
  • Eastspring Investments (Singapore) Ltd.(1.9%)
  • Aberdeen Asset Management (Asia) Ltd.(1.8%)
  • Schroder Investment Management (Singapore) Ltd.(1.3%)
  • Schroder Investment Management Ltd.(1.3%)
  • Norges Bank Investment Management(1.3%)
  • Matthews International Capital Management LLC(1.2%)
  • TD Asset Management, Inc.(0.7%)

Address

  • Website: http://www.comfortdelgro.com.sg
  • Address: 205 Braddell Road, Singapore, 579701, Singapore
  • Phone: +65.6383.8833

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