C07 Stock Analysis: Jardine Cycle & Carriage | SG
Conglomerates | SG, Singapore | Market Cap: 10.098m SGD | 12M Return: -10.6% | SG1B51001017 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.09M
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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.
Jardine Cycle & Carriage Limited (C07) is a Singapore-based investment holding company, classified within the Industrials sector as an industrial conglomerate. Founded in 1899 as Cycle & Carriage Ltd. and renamed in 2004, it operates as a subsidiary of Jardine Strategic Singapore Pte Ltd, part of the broader Jardine Matheson group. The company conducts its operations primarily across Indonesia, Singapore, and Malaysia, holding interests across a wide range of unrelated industries through group subsidiaries (most notably Astra International in Indonesia).
The companys automotive interests include manufacturing, assembly, distribution, and retail of motor vehicles and motorcycles, with dealership networks for Toyota, Daihatsu, Isuzu, UD Trucks, Honda motorcycles, BMW, and Lexus. It also distributes heavy equipment from brands such as Komatsu, SCANIA, Bomag, and Tadano. Its financial services segment provides consumer finance for motorcycles and vehicles, automotive and heavy equipment financing, insurance, fintech services (AstraPay), and digital banking services. Industrial conglomerates of this type typically generate returns through both operating performance and strategic capital allocation across portfolio companies.
Beyond automotive and financial services, the company is involved in agribusiness through palm oil plantations and processing, infrastructure via toll road development and management, and mining (including gold and nickel non-coal minerals) and energy (thermal power assets, renewable energy, and coal mining contracting). Additional operations include property development for office and residential projects, distribution of FUJIFILM business products, printing and digital services, private car rental, and document and ICT solutions. This diversified structure provides exposure to multiple Indonesian and Southeast Asian growth themes, though it also exposes the group to varied cyclical and regulatory risks across sectors.
- Indonesian auto sales recovery boosts revenue and margins
- Astra Financial Services expands with vehicle and consumer financing
- Nickel and coal commodity prices drive heavy equipment and mining demand
| Net Income: 997.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.74 > 1.0 |
| NWC/Revenue: 9.69% < 20% (prev 14.48%; Δ -4.79% < -1%) |
| CFO/TA 0.10 > 3% & CFO 3.17b > Net Income 997.8m |
| Net Debt (-2.43b) to EBITDA (3.29b): -0.74 < 3 |
| Current Ratio: 1.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (395.2m) vs 12m ago 0.0% < -2% |
| Gross Margin: 21.47% > 18% (prev 21.83%; Δ -0.36% > 0.5%) |
| Asset Turnover: 66.07% > 50% (prev 67.18%; Δ -1.11% > 0%) |
| Interest Coverage Ratio: 12.62 > 6 (EBIT TTM 3.29b / Interest Expense TTM 260.7m) |
| DSRI: 1.01 (Receivables 5.77b/5.97b, Revenue 21.4b/22.3b) |
| GMI: 1.02 (GM 21.83% / 21.47%) |
| AQI: 1.01 (AQ_t 0.44 / AQ_t-1 0.43) |
| SGI: 0.96 (Revenue 21.4b / 22.3b) |
| TATA: -0.07 (NI 997.8m - CFO 3.17b) / TA 31.5b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of October 17, 2026, the stock is trading at SGD 23.70 with a total of 819,770 shares traded. Over the past week, the price has changed by -8.25%, over one month by -8.85%, over three months by -8.49% and over the past year by -10.55%.
Current recommended Stop Loss: 22.70 (which is 4.2% or 1.3 ATR below the current price).
Jardine Cycle & Carriage has no consensus analysts rating.
Market Cap USD = 7.89b (10.1b SGD * 0.7814 SGD.USD)
P/E Trailing = 8.0599
P/E Forward = 11.236
P/S = 0.4915
P/B = 0.996
P/EG = 0.7266
Revenue TTM = 21.4b USD
EBIT TTM = 3.29b USD
EBITDA TTM = 3.29b USD
Long Term Debt = 2.44b USD (from longTermDebt, last quarter)
Short Term Debt = 4.55b USD (from shortLongTermDebt, last quarter)
Debt = 253.1m USD (Leases only: 253.1m)
Net Debt = -2.43b USD (calculated: Debt 253.1m - CCE 2.68b)
Enterprise Value = 5.46b USD (7.89b + Debt 253.1m - CCE 2.68b)
Interest Coverage Ratio = 12.62 (Ebit TTM 3.29b / Interest Expense TTM 260.7m)
EV/FCF = 2.66x (Enterprise Value 5.46b / FCF TTM 2.05b)
FCF Yield = 37.55% (FCF TTM 2.05b / Enterprise Value 5.46b)
FCF Margin = 9.60% (FCF TTM 2.05b / Revenue TTM 21.4b)
Net Margin = 4.67% (Net Income TTM 997.8m / Revenue TTM 21.4b)
Gross Margin = 21.47% ((Revenue TTM 21.4b - Cost of Revenue TTM 16.8b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.17 (Enterprise Value 5.46b / Total Assets 31.5b)
Interest Expense / Debt = 103.0% (Interest Expense 260.7m / Debt 253.1m)
Taxrate = 20.30% (614.8m / 3.03b)
NOPAT = 2.62b (EBIT 3.29b * (1 - 20.30%))
Current Ratio = 1.22 (Total Current Assets 11.5b / Total Current Liabilities 9.45b)
Debt / Equity = 0.03 (Debt 253.1m / totalStockholderEquity, last quarter 8.30b)
Debt / EBITDA = -0.74 (Net Debt -2.43b / EBITDA 3.29b)
Debt / FCF = -1.18 (Net Debt -2.43b / FCF TTM 2.05b)
Total Stockholder Equity = 8.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.09% (Net Income 997.8m / Total Assets 31.5b)
RoE = 11.91% (Net Income TTM 997.8m / Total Stockholder Equity 8.38b)
RoCE = 30.39% (EBIT 3.29b / Capital Employed (Equity 8.38b + L.T.Debt 2.44b))
RoIC = 12.51% (NOPAT 2.62b / Invested Capital 20.9b)
WACC = 6.57% (E(7.89b)/V(8.14b) * Re(6.78%) + (debt cost/tax rate unavailable))
Discount Rate = 6.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 52.22 | Cagr: 15.21%
[DCF] Terminal Value 76.30% ; FCFF base≈2.00b ; Y1≈2.12b ; Y5≈2.51b
[DCF] Fair Price = 103.8 (EV 38.6b - Net Debt -2.43b = Equity 41.0b / Shares 395.2m; r=8.35% [WACC [floored]]; 5y FCF grow 6.89% → 2.50% )
Revenue Correlation: -83.47 | Revenue CAGR: -1.99% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=2.24 | Chg30d=+0.00% | Revisions=-29% | GrowthEPS=-20.2% | GrowthRev=-10.5%
EPS next Year (2027-12-31): EPS=2.42 | Chg30d=-1.42% | Revisions=-57% | GrowthEPS=+8.1% | GrowthRev=-1.5%
[Analyst] Revisions Ratio: -55% (up=1, down=7)