CapitaLand Investment Limited (9CI) AI Stock Analysis

• Market Cap: S$13.72B
• Dividend Yield: 4.46%
• Average Volume (3M): 9.79M
• Price to Earnings (P/E): 30.7
• Beta (1Y): 1.03
• Revenue Growth: -11.37%
• EPS Growth: 171.65%
• Country: SG
• Employees: 10,000
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.06
• Shares Outstanding: 5,203,196,000
• 10 Day Avg. Volume: 13,146,249
• 30 Day Avg. Volume: 9,787,953
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$3.87
• Price Target Upside: 43.87% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 61 Neutral
• Price Target: S$3.00 ▲(11.52% Upside)

CapitaLand Investment Limited's overall stock score is driven by solid financial performance, particularly in profitability and leverage reduction. However, technical indicators suggest bearish momentum, and the stock's high P/E ratio indicates a potentially overvalued position. The dividend yield provides some compensation for the valuation concerns.

Positive Factors

Improving Profit Margins

The improvement in profit margins indicates effective cost control and operational efficiency, which can enhance long-term profitability and shareholder value.

Reduced Leverage

Reduced leverage enhances financial stability and flexibility, allowing the company to better withstand economic fluctuations and invest in growth opportunities.

Strong Cash Flow Management

Effective cash flow management ensures the company can meet its obligations, reinvest in its business, and provide returns to shareholders, supporting long-term sustainability.

Negative Factors

Decline in EBIT

A decline in EBIT can indicate challenges in maintaining operational efficiency or market conditions, potentially impacting future profitability and growth.

Asset Reduction

Asset reduction may limit the company's ability to generate revenue and could signal a strategic shift that might not align with long-term growth objectives.

Decline in Free Cash Flow Growth

A decline in free cash flow growth can constrain the company's ability to invest in new projects and return capital to shareholders, potentially affecting future growth.

CapitaLand Investment Limited Business Overview & Revenue Model

Company Description

CapitaLand Investment Limited is a real estate investment manager of CapitaLand Group. Its diversified real estate asset classes cover integrated developments, retail, office, lodging and new economy sectors such as business parks, industrial, logistics and data centers. We invest primarily in China and India along with Asia-Pacific, Europe, and the USA. CapitaLand Investment Limited was founded in 2002 and is headquartered in Singapore.

How the Company Makes Money

CapitaLand Investment Limited generates revenue primarily through its fee-based asset-light business model. The company earns management fees from its real estate investment management services, which include managing funds and properties for private and public investors. Additionally, CapitaLand Investment Limited derives income from rental revenue and property development activities. The firm also benefits from strategic partnerships with global investors and institutional clients, which enhance its ability to manage a diversified and high-quality portfolio, contributing significantly to its earnings.

CapitaLand Investment Limited Financial Statement Overview

Summary

CapitaLand Investment Limited shows solid financial performance with strong profitability, improved profit margins, and reduced leverage. However, a decline in EBIT and free cash flow growth slightly dampens the outlook.

Income Statement

CapitaLand Investment Limited demonstrates a solid income statement with a healthy gross profit margin of 44.9% and an improving net profit margin of 17% in 2024, up from 6.5% in 2023. The revenue growth rate is modest at 1.1% compared to the previous year. The EBIT and EBITDA margins remain strong at 23.5% and 50.5% respectively, indicating effective cost control and operational efficiency. However, there is a notable decline in EBIT from 2023 to 2024, which slightly dampens the overall strength.

Balance Sheet

The balance sheet shows a stable equity position with an equity ratio of 54.8%. The debt-to-equity ratio improved significantly to 0.58 in 2024, reflecting reduced leverage and better financial health. ROE is relatively strong at 3.5%, though it has room for improvement. The company's total assets decreased compared to previous years, indicating a potential strategic shift or asset divestment.

Cash Flow

The cash flow statement highlights a robust free cash flow generation with a slight decline in free cash flow growth to -17.7% in 2024 from 2023. Operating cash flow remains healthy with an operating cash flow to net income ratio of 1.17, showcasing effective cash conversion. The free cash flow to net income ratio is 1.13, indicating good cash flow management. However, there is a decrease in operating cash flow compared to previous years.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.81B	2.78B	2.88B	2.29B	1.98B
Gross Profit	1.26B	1.26B	1.29B	1.06B	872.00M
EBITDA	1.42B	1.03B	1.93B	2.32B	-33.00M
Net Income	479.00M	181.00M	861.00M	1.35B	-673.00M
Balance Sheet
Total Assets	24.71B	34.13B	35.11B	37.65B	38.22B
Cash, Cash Equivalents and Short-Term Investments	2.31B	2.46B	2.67B	3.88B	1.68B
Total Debt	7.90B	12.72B	12.77B	13.63B	19.66B
Total Liabilities	10.30B	15.90B	16.18B	17.55B	22.49B
Stockholders Equity	13.55B	14.36B	15.53B	16.44B	12.27B
Cash Flow
Free Cash Flow	542.00M	659.00M	579.00M	625.00M	139.00M
Operating Cash Flow	561.00M	682.00M	735.00M	667.00M	183.00M
Investing Cash Flow	2.57B	-187.00M	-382.00M	1.27B	1.07B
Financing Cash Flow	-3.25B	-637.00M	-1.37B	223.00M	-972.00M

CapitaLand Investment Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.69
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:9CI, the sentiment is Positive. The current price of 2.69 is below the 20-day moving average (MA) of 2.73, below the 50-day MA of 2.75, and above the 200-day MA of 2.54, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.40 is Neutral, neither overbought nor oversold. The STOCH value of 44.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:9CI.

CapitaLand Investment Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
C38U	78 Outperform	S$17.58B	16.89	6.01%	5.38%	0.17%	8.05%
AJBU	70 Outperform	S$5.83B	14.66	8.92%	4.17%	23.81%	89.10%
U14	69 Neutral	S$6.66B	15.23	3.11%	2.28%	18.74%	-38.36%
J69U	69 Neutral	S$4.73B	20.48	4.75%	5.21%	1.49%	5.99%
9CI	61 Neutral	S$13.72B	30.73	3.35%	4.46%	-11.37%	171.65%
M44U	61 Neutral	S$6.42B	34.92	2.93%	6.19%	-1.47%	-39.12%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

CapitaLand Investment Limited Corporate Events

CapitaLand’s C-REIT IPO Sets Record, Strengthens Asia Pacific REIT Leadership

CapitaLand Commercial C-REIT (CLCR) has set a record with its initial public offering (IPO) in China, achieving 254.5 times subscription coverage from offline institutional investors, marking the highest among retail C-REITs. The IPO, which raised RMB2.29 billion, is part of CLI’s strategy to expand its REIT management platform into China and enhance its capital recycling strategy. This move is expected to strengthen CLI’s position as Asia Pacific’s largest REIT manager, providing both domestic and international investors access to quality assets in China.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.65 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

CapitaLand’s C-REIT Gains Approval for Shanghai Listing

CapitaLand Commercial C-REIT (CLCR) has received approval from the China Securities Regulatory Commission to register for its listing on the Shanghai Stock Exchange, marking it as China’s first international-sponsored retail C-REIT. This move is expected to raise RMB2.1 billion through the issuance of 400 million units and aligns with CLI’s strategy to tap into onshore capital. CLCR’s initial portfolio includes high-quality retail assets in Tier-1 and strong Tier-2 cities in China, benefiting from government policies to boost domestic consumption. These assets promise stable rental income supported by a diversified tenant base and experienced asset management teams.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.65 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

Astaka Partners with CapitaLand for RM1.2 Billion Mixed-Use Development

Astaka Holdings Limited, a prominent property developer in Johor, Malaysia, announced a RM1.2 billion mixed-use development project, including a lifestyle retail mall adjacent to its upcoming residential skyscraper, Arden @ One Bukit Senyum. In a strategic move, Astaka has partnered with CapitaLand Investment Limited to serve as a retail advisor, enhancing its retail strategy through asset planning and support during various stages of the project. The unveiling of the master plan for Phase 3 of the One Bukit Senyum integrated project, which includes this new development, marks a significant milestone, contributing to the project’s total estimated GDV of RM3.6 billion.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

CapitaLand Investment to Invest INR19,200 Crores in Maharashtra by 2030

CapitaLand Investment Limited has signed a Memorandum of Understanding with the Maharashtra Government to invest over INR19,200 crores by 2030, aiming to expand its operations in Mumbai and Pune. This investment is part of CLI’s broader strategy to enhance its growth in India, with plans to increase its funds under management significantly, reflecting confidence in Maharashtra’s potential as a hub for innovation and digital infrastructure.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

Ascott Expands Global Resort Portfolio Amid Rising Leisure Travel Demand

Ascott Limited is expanding its resort portfolio with 11 new signings across Asia and the Middle East, increasing its global presence to about 50 properties in high-demand leisure destinations. This strategic move leverages the growing global leisure travel market, projected to reach US$15 trillion by 2040, and aims to capture the rising demand for experiential stays and ‘bleisure’ travel, particularly from emerging markets. By employing a multi-typology brand strategy, Ascott is effectively scaling in high-potential areas, enhancing its industry positioning and delivering long-term value for property owners.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

Ascott Expands in Malaysia with Landmark Hotel in Johor-Singapore SEZ

The Ascott Limited has signed a significant hotel management agreement with Coronade Properties to manage Ascott Coronation Square Johor Bahru, a new flagship hotel in the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration marks the first major hospitality partnership following the Singapore-Malaysia JS-SEZ agreement, highlighting the area’s growing appeal for cross-border business. The project is a strategic milestone for Ascott, expanding its footprint in Malaysia with its sixth property in the country, and aims to cater to the increasing demand from business, tourism, and investment activities in the region.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.

CICT Reports 12.4% Growth in Distributable Income for 1H 2025

CapitaLand Integrated Commercial Trust (CICT) reported a 12.4% increase in distributable income for the first half of 2025, reaching S$411.9 million. This growth was driven by contributions from the newly acquired ION Orchard and effective portfolio management, despite a slight decrease in gross revenue and net property income due to the divestment of 21 Collyer Quay. The Trust’s distribution per unit rose by 3.5% to 5.62 cents, reflecting strong financial performance and strategic asset management. CICT’s ongoing asset enhancement initiatives and recent divestments aim to boost financial flexibility and maintain resilience in a challenging economic environment.

The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.