J36 Stock Analysis: Jardine Matheson Holdings | SG
Conglomerates | SG, Singapore | Market Cap: 18.462m USD | 12M Return: 28.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.0M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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.
Jardine Matheson Holdings Limited is a diversified industrial conglomerate founded in 1832 and headquartered in Bermuda, with operations spanning Indonesia, Hong Kong, Macau, Mainland China, Vietnam, other Southeast Asian markets, and the rest of the world. The groups business activities cover motor vehicles and related services, property investment and development, health and beauty retail, home furnishings, engineering and construction, transport, and agribusiness. It also provides automotive, financial, transport, and IT services, along with heavy equipment distribution, mining contracting, construction and foundation services, and motorcycle sales and aftersales support. Jardine Matheson is perhaps best known in consumer-facing markets for operating well-known retail brands including Mannings, Guardian, 7-Eleven, Wellcome, and IKEA across Asia.
The company sits within the Industrials sector as an Industrial Conglomerate, a structure that typically involves holding controlling interests in a portfolio of listed subsidiaries across multiple industries rather than operating a single core business. Jardine Mathesons history as a 19th-century trading house in Asia, combined with its Bermuda incorporation and primary listing in Singapore, reflects a longstanding holding-company model that channels Asian operating businesses through an offshore corporate structure.
- Astra Indonesia auto and motorcycle sales drive group earnings
- Hongkong Land office rents pressured by HK vacancy rise
- Southeast Asia retail margins pressured by consumer spending slowdown
| Net Income: 1.11b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.43 > 1.0 |
| NWC/Revenue: 23.81% < 20% (prev 8.66%; Δ 15.15% < -1%) |
| CFO/TA 0.06 > 3% & CFO 5.31b > Net Income 1.11b |
| Net Debt (-5.56b) to EBITDA (7.00b): -0.79 < 3 |
| Current Ratio: 1.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (295.7m) vs 12m ago 2.32% < -2% |
| Gross Margin: 27.53% > 18% (prev 27.62%; Δ -0.10% > 0.5%) |
| Asset Turnover: 39.58% > 50% (prev 41.23%; Δ -1.65% > 0%) |
| Interest Coverage Ratio: 7.24 > 6 (EBIT TTM 4.81b / Interest Expense TTM 664.0m) |
| DSRI: 1.03 (Receivables 2.11b/2.13b, Revenue 34.2b/35.8b) |
| GMI: 1.00 (GM 27.62% / 27.53%) |
| AQI: 0.93 (AQ_t 0.60 / AQ_t-1 0.64) |
| SGI: 0.96 (Revenue 34.2b / 35.8b) |
| TATA: -0.05 (NI 1.11b - CFO 5.31b) / TA 86.1b) |
| Beneish M = -3.07 (Cap -4..+1) = AA |
As of July 11, 2026, the stock is trading at USD 61.36 with a total of 525,700 shares traded. Over the past week, the price has changed by +0.08%, over one month by +0.38%, over three months by -17.05% and over the past year by +28.15%.
Current recommended Stop Loss: 58.80 (which is 4.2% or 1.4 ATR below the current price).
Jardine Matheson Holdings has no consensus analysts rating.
P/E Trailing = 16.634
P/E Forward = 7.5643
P/S = 0.5395
P/B = 0.6217
P/EG = 0.4858
Revenue TTM = 34.2b USD
EBIT TTM = 4.81b USD
EBITDA TTM = 7.00b USD
Long Term Debt = 10.2b USD (from longTermDebt, last quarter)
Short Term Debt = 4.92b USD (from shortLongTermDebt, last quarter)
Debt = 3.00b USD (Leases only: 3.00b)
Net Debt = -5.56b USD (calculated: Debt 3.00b - CCE 8.56b)
Enterprise Value = 12.9b USD (18.5b + Debt 3.00b - CCE 8.56b)
Interest Coverage Ratio = 7.24 (Ebit TTM 4.81b / Interest Expense TTM 664.0m)
EV/FCF = 3.25x (Enterprise Value 12.9b / FCF TTM 3.96b)
FCF Yield = 30.73% (FCF TTM 3.96b / Enterprise Value 12.9b)
FCF Margin = 11.58% (FCF TTM 3.96b / Revenue TTM 34.2b)
Net Margin = 3.24% (Net Income TTM 1.11b / Revenue TTM 34.2b)
Gross Margin = 27.53% ((Revenue TTM 34.2b - Cost of Revenue TTM 24.8b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.15 (Enterprise Value 12.9b / Total Assets 86.1b)
Interest Expense / Debt = 22.15% (Interest Expense 664.0m / Debt 3.00b)
Taxrate = 21.66% (910.0m / 4.20b)
NOPAT = 3.77b (EBIT 4.81b * (1 - 21.66%))
Current Ratio = 1.53 (Total Current Assets 23.6b / Total Current Liabilities 15.5b)
Debt / Equity = 0.10 (Debt 3.00b / totalStockholderEquity, last quarter 29.0b)
Debt / EBITDA = -0.79 (Net Debt -5.56b / EBITDA 7.00b)
Debt / FCF = -1.40 (Net Debt -5.56b / FCF TTM 3.96b)
Total Stockholder Equity = 28.4b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 1.11b / Total Assets 86.1b)
RoE = 3.91% (Net Income TTM 1.11b / Total Stockholder Equity 28.4b)
RoCE = 12.46% (EBIT 4.81b / Capital Employed (Equity 28.4b + L.T.Debt 10.2b))
RoIC = 5.46% (NOPAT 3.77b / Invested Capital 68.9b)
WACC = 8.63% (E(18.5b)/V(21.5b) * Re(7.21%) + D(3.00b)/V(21.5b) * Rd(22.15%) * (1-Tc(0.22)))
Discount Rate = 7.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.44 | Cagr: -41.34%
[DCF] Terminal Value 75.66% ; FCFF base≈3.83b ; Y1≈4.14b ; Y5≈5.10b
[DCF] Fair Price = 272.1 (EV 74.5b - Net Debt -5.56b = Equity 80.1b / Shares 294.4m; r=8.63% [WACC]; 5y FCF grow 9.41% → 2.50% )
Revenue Correlation: -92.50 | Revenue CAGR: -2.57% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=5.55 | Chg30d=-1.02% | Revisions=-40% | GrowthEPS=-2.9% | GrowthRev=-2.3%
EPS next Year (2027-12-31): EPS=6.08 | Chg30d=-0.55% | Revisions=-50% | GrowthEPS=+9.5% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: -62% (up=0, down=5)