9CI Stock Analysis: CAPITALAND INVESTMENT | SG
Real Estate Services | SG, Singapore | Market Cap: 12.084m SGD | 12M Return: -6.1% | SGXE62145532 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.1M
Warnings
Tailwinds
No distinct edge detected
Seasonality 5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
CapitaLand Investment Limited (CLI) is a Singapore-headquartered real asset manager operating in over 40 countries. It invests across commercial, lodging and living, logistics, self-storage, data centres, and real estate credit, connecting institutional capital to opportunities through its on-the-ground presence and local networks.
The company follows an asset-light business model, generating recurring fee-based income from fund management, commercial management, and lodging management rather than relying primarily on direct property ownership. Listed real estate operating companies like CLI typically earn revenue through management and performance fees tied to assets under management, supplemented by returns on balance sheet investments in their own funds.
Incorporated in 2002 in Singapore, CLI is listed on the SGX under ticker 9CI and is classified as a large-cap real estate operating company with a market capitalisation of approximately US$10.2 billion.
- Funds under management growth accelerates from data centre and logistics inflows
- Fee-related earnings margin expands as asset-light strategy scales across Asia
- China property exposure pressures valuations and capital recycling pace
- Lodging management recovery lifts recurring fee income across key Asian markets
| Net Income: 145.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.25 > 1.0 |
| NWC/Revenue: -2.72% < 20% (prev 0.85%; Δ -3.57% < -1%) |
| CFO/TA 0.02 > 3% & CFO 565.0m > Net Income 145.0m |
| Net Debt (-1.08b) to EBITDA (597.0m): -1.81 < 3 |
| Current Ratio: 0.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.99b) vs 12m ago -0.33% < -2% |
| Gross Margin: 46.93% > 18% (prev 44.94%; Δ 1.99% > 0.5%) |
| Asset Turnover: 8.93% > 50% (prev 11.74%; Δ -2.81% > 0%) |
| Interest Coverage Ratio: 3.40 > 6 (EBIT TTM 466.0m / Interest Expense TTM 137.0m) |
| A: -0.00 (Total Current Assets 2.68b - Total Current Liabilities 2.73b) / Total Assets 23.8b |
| B: 0.16 (Retained Earnings 3.69b / Total Assets 23.8b) |
| C: 0.02 (EBIT TTM 466.0m / Avg Total Assets 23.9b) |
| D: 1.21 (Book Value of Equity 12.5b / Total Liabilities 10.3b) |
| Altman-Z'' = 1.89 = BBB |
| DSRI: 1.15 (Receivables 187.0m/215.0m, Revenue 2.13b/2.81b) |
| GMI: 0.96 (GM 44.94% / 46.93%) |
| AQI: 1.01 (AQ_t 0.87 / AQ_t-1 0.85) |
| SGI: 0.76 (Revenue 2.13b / 2.81b) |
| TATA: -0.02 (NI 145.0m - CFO 565.0m) / TA 23.8b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of October 17, 2026, the stock is trading at SGD 2.38 with a total of 11,890,500 shares traded. Over the past week, the price has changed by -2.46%, over one month by -9.85%, over three months by -5.93% and over the past year by -6.14%.
Current recommended Stop Loss: 2.30 (which is 3.4% or 1.6 ATR below the current price).
CAPITALAND INVESTMENT has no consensus analysts rating.
P/E Trailing = 60.5
P/E Forward = 21.8341
P/S = 5.7245
P/B = 1.0435
P/EG = 0.5257
Revenue TTM = 2.13b SGD
EBIT TTM = 466.0m SGD
EBITDA TTM = 597.0m SGD
Long Term Debt = 6.40b SGD (from longTermDebt, last quarter)
Short Term Debt = 1.28b SGD (from shortLongTermDebt, last quarter)
Debt = 498.0m SGD (Leases only: 498.0m)
Net Debt = -1.08b SGD (calculated: Debt 498.0m - CCE 1.58b)
Enterprise Value = 11.0b SGD (12.1b + Debt 498.0m - CCE 1.58b)
Interest Coverage Ratio = 3.40 (Ebit TTM 466.0m / Interest Expense TTM 137.0m)
EV/FCF = 22.97x (Enterprise Value 11.0b / FCF TTM 479.0m)
FCF Yield = 4.35% (FCF TTM 479.0m / Enterprise Value 11.0b)
FCF Margin = 22.46% (FCF TTM 479.0m / Revenue TTM 2.13b)
Net Margin = 6.80% (Net Income TTM 145.0m / Revenue TTM 2.13b)
Gross Margin = 46.93% ((Revenue TTM 2.13b - Cost of Revenue TTM 1.13b) / Revenue TTM)
Gross Margin QoQ = 48.31% (prev 45.48%)
Tobins Q-Ratio = 0.46 (Enterprise Value 11.0b / Total Assets 23.8b)
Interest Expense / Debt = 27.51% (Interest Expense 137.0m / Debt 498.0m)
Taxrate = 39.50% (111.0m / 281.0m)
NOPAT = 281.9m (EBIT 466.0m * (1 - 39.50%))
Current Ratio = 0.98 (Total Current Assets 2.68b / Total Current Liabilities 2.73b)
Debt / Equity = 0.04 (Debt 498.0m / totalStockholderEquity, last quarter 12.5b)
Debt / EBITDA = -1.81 (Net Debt -1.08b / EBITDA 597.0m)
Debt / FCF = -2.26 (Net Debt -1.08b / FCF TTM 479.0m)
Total Stockholder Equity = 12.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.61% (Net Income 145.0m / Total Assets 23.8b)
RoE = 1.13% (Net Income TTM 145.0m / Total Stockholder Equity 12.8b)
RoCE = 2.43% (EBIT 466.0m / Capital Employed (Equity 12.8b + L.T.Debt 6.40b))
RoIC = 1.34% (NOPAT 281.9m / Invested Capital 21.0b)
WACC = 7.12% (E(12.1b)/V(12.6b) * Re(6.73%) + D(498.0m)/V(12.6b) * Rd(27.51%) * (1-Tc(0.40)))
Discount Rate = 6.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -90.49 | Cagr: -1.32%
[DCF] Terminal Value 73.69% ; FCFF base≈504.2m ; Y1≈456.7m ; Y5≈393.8m
[DCF] Fair Price = 1.47 (EV 6.27b - Net Debt -1.08b = Equity 7.35b / Shares 4.99b; r=8.35% [WACC [floored]]; 5y FCF grow -11.62% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -86.77 | Revenue CAGR: -10.85% | SUE: 0.02 | # QB: 0
EPS current Year (2025-12-31): EPS=0.12 | Chg30d=-0.08% | Revisions=-25% | GrowthEPS=+22.2% | GrowthRev=-24.6%
EPS next Year (2026-12-31): EPS=0.12 | Chg30d=-2.20% | Revisions=+12% | GrowthEPS=+12.3% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +0% (up=3, down=3)