(C38U) CapitaLand Mall Trust - SG
Sector: Real Estate | Industry: REIT - Retail | Exchange: SG (Singapore) | Market Cap: 18.439m SGD | Total Return: 13.7% in 12m
Avg Turnover: 69.7M
Warnings
Choppy
Tailwinds
No distinct edge detected
CapitaLand Integrated Commercial Trust (CICT) is the largest real estate investment trust listed on the Singapore Exchange. Formed through the 2020 merger of CapitaLand Mall Trust and CapitaLand Commercial Trust, the entity serves as a primary proxy for the Singapore commercial property market. Its portfolio includes 25 income-producing assets across Singapore, Germany, and Australia, spanning the retail and office sectors.
The REIT business model relies on distributing at least 90% of taxable income to shareholders to maintain tax-transparent status in Singapore. This structure provides investors with exposure to high-quality urban infrastructure and professional property management under the CapitaLand Investment Limited umbrella. For a deeper look into the trusts historical performance and valuation metrics, ValueRay offers comprehensive data tools.
- Retail tenant sales and occupancy levels drive rental reversion growth
- High interest rates increase financing costs and compress distribution yields
- Office demand remains resilient amid flight-to-quality trends in Singapore CBD
- Strategic acquisitions and asset enhancements optimize portfolio valuation and income
| Net Income: 937.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.43 > 1.0 |
| NWC/Revenue: -29.18% < 20% (prev -79.92%; Δ 50.74% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.62b > Net Income 937.3m |
| Net Debt (-126.4m) to EBITDA (774.3m): -0.16 < 3 |
| Current Ratio: 0.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (7.61b) vs 12m ago 14.03% < -2% |
| Gross Margin: 66.52% > 18% (prev 66.16%; Δ 0.36% > 0.5%) |
| Asset Turnover: 6.12% > 50% (prev 6.22%; Δ -0.10% > 0%) |
| Interest Coverage Ratio: 2.69 > 6 (EBIT TTM 773.7m / Interest Expense TTM 287.6m) |
| DSRI: 1.24 (Receivables 102.7m/80.9m, Revenue 1.62b/1.59b) |
| GMI: 0.99 (GM 66.16% / 66.52%) |
| AQI: 0.99 (AQ_t 0.98 / AQ_t-1 0.99) |
| SGI: 1.02 (Revenue 1.62b / 1.59b) |
| TATA: -0.02 (NI 937.3m - CFO 1.62b) / TA 27.4b) |
| Beneish M = -2.83 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at SGD 2.31 with a total of 34,307,600 shares traded.
Over the past week, the price has changed by -0.86%,
over one month by +2.67%,
over three months by -2.18% and
over the past year by +13.74%.
CapitaLand Mall Trust has no consensus analysts rating.
P/E Trailing = 18.0
P/E Forward = 19.4932
P/S = 11.3877
P/B = 1.1318
P/EG = 6.5217
Revenue TTM = 1.62b SGD
EBIT TTM = 773.7m SGD
EBITDA TTM = 774.3m SGD
Long Term Debt = 9.33b SGD (from longTermDebt, last quarter)
Short Term Debt = 654.6m SGD (from shortLongTermDebt, last quarter)
Debt = 23.1m SGD (Leases only: 23.1m)
Net Debt = -126.4m SGD (calculated: Debt 23.1m - CCE 149.5m)
Enterprise Value = 18.3b SGD (18.4b + Debt 23.1m - CCE 149.5m)
Interest Coverage Ratio = 2.69 (Ebit TTM 773.7m / Interest Expense TTM 287.6m)
EV/FCF = 22.57x (Enterprise Value 18.3b / FCF TTM 811.4m)
FCF Yield = 4.43% (FCF TTM 811.4m / Enterprise Value 18.3b)
FCF Margin = 50.11% (FCF TTM 811.4m / Revenue TTM 1.62b)
Net Margin = 57.89% (Net Income TTM 937.3m / Revenue TTM 1.62b)
Gross Margin = 66.52% ((Revenue TTM 1.62b - Cost of Revenue TTM 542.2m) / Revenue TTM)
Gross Margin QoQ = 66.34% (prev 66.70%)
Tobins Q-Ratio = 0.67 (Enterprise Value 18.3b / Total Assets 27.4b)
Interest Expense / Debt = 1.25k% (Interest Expense 287.6m / Debt 23.1m)
Taxrate = 0.75% (7.18m / 958.6m)
NOPAT = 767.9m (EBIT 773.7m * (1 - 0.75%))
Current Ratio = 0.58 (Total Current Assets 643.8m / Total Current Liabilities 1.12b)
Debt / Equity = 0.00 (Debt 23.1m / totalStockholderEquity, last quarter 16.3b)
Debt / EBITDA = -0.16 (Net Debt -126.4m / EBITDA 774.3m)
Debt / FCF = -0.16 (Net Debt -126.4m / FCF TTM 811.4m)
Total Stockholder Equity = 15.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.54% (Net Income 937.3m / Total Assets 27.4b)
RoE = 6.07% (Net Income TTM 937.3m / Total Stockholder Equity 15.4b)
RoCE = 3.12% (EBIT 773.7m / Capital Employed (Equity 15.4b + L.T.Debt 9.33b))
RoIC = 2.93% (NOPAT 767.9m / Invested Capital 26.2b)
WACC = 6.24% (E(18.4b)/V(18.5b) * Re(6.25%) + (debt cost/tax rate unavailable))
Discount Rate = 6.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.61 | Cagr: 29.99%
[DCF] Terminal Value 74.55% ; FCFF base≈833.0m ; Y1≈792.6m ; Y5≈753.9m
[DCF] Fair Price = 1.52 (EV 11.9b - Net Debt -126.4m = Equity 12.0b / Shares 7.88b; r=8.35% [WACC [floored]]; 5y FCF grow -6.26% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.60 | # QB: -4
Revenue Correlation: 94.00 | Revenue CAGR: 1.93% | SUE: -0.00 | # QB: 0
EPS current Year (2026-12-31): EPS=0.12 | Chg30d=-0.17% | Revisions=+25% | GrowthEPS=-6.4% | GrowthRev=+5.9%
EPS next Year (2027-12-31): EPS=0.12 | Chg30d=+0.33% | Revisions=+25% | GrowthEPS=+4.6% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +25%