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Comfortdelgro (SG:C52)
SGX:C52

Comfortdelgro (C52) AI Stock Analysis

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SG

Comfortdelgro

(SGX:C52)

Rating:66Neutral
Price Target:
S$1.50
▲(6.38%Upside)
The overall stock score reflects Comfortdelgro's strong financial performance and attractive valuation, offset by negative technical indicators. The company shows potential for growth with strong revenue and profitability improvements, but the current bearish momentum poses a short-term risk.
Positive Factors
Financial Performance
ComfortDelGro is trading at attractive levels due to strong earnings growth and a decent 2025 dividend yield of 6%.
International Expansion
ComfortDelGro announced plans to bid for an overseas rail contract in Melbourne, which is estimated to be earnings accretive.
Negative Factors
Competition
GrabCab’s impending entry into the domestic taxi street-hail segment is expected to have a slight negative impact on ComfortDelGro.
Profitability Challenges
A significant decline in profitability for Singapore's Taxi & Private Hire segment following the waiver of commissions.

Comfortdelgro (C52) vs. iShares MSCI Singapore ETF (EWS)

Comfortdelgro Business Overview & Revenue Model

Company DescriptionComfortDelGro Corporation Limited, an investment holding company, provides public transport services in Singapore. It operates through seven segments: Public Transport Services, Taxi, Automotive Engineering Services, Inspection and Testing Services, Driving Centre, Car Rental and Leasing, and Bus Station. The company offers bus and rail services to commuters; taxi and coach rental, and related advertisement services; non-emergency transport services to patients; vehicular maintenance and repair services; assembly of bus bodies; crash repair services; and engineering services, as well as sells diesel and petrol. It is also involved in the provision of motor vehicle inspection, non-vehicle testing, inspection, and consultancy services; construction of specialized vehicles; operation of taxi bureau, scheduled services, and driving schools; electric vehicle charging infrastructure activities; and renting and leasing of cars. In addition, the company offers public taxi and charter bus, management of taxi booking, building inspection, technology, and terminal services; and operates workshops for repairing, servicing, and general maintenance of motor vehicles. Further, it provides insurance broking, risk management, claims management, and related services; medical escort services; charge card facilities; and accident and other repair and maintenance services. As of March 30, 2022, the company operated a fleet of 35,000 buses, taxis, and rental vehicles. It also operates in the United Kingdom, Ireland, Australia, China, New Zealand, and Malaysia. ComfortDelGro Corporation Limited was incorporated in 2003 and is headquartered in Singapore.
How the Company Makes MoneyComfortDelGro generates revenue through multiple streams primarily centered around its core transportation services. The largest revenue contributor is its public transport operations, which include bus and rail services in various regions, providing dependable and frequent transportation options to commuters. The taxi segment is another significant revenue source, comprising a large fleet of taxis operating under various brands across different countries. Additionally, the company earns income from its automotive engineering services, which offer maintenance and repair services, and from its vehicle inspection and testing services that ensure roadworthiness and compliance. The driving center operations provide training and education services for new drivers, contributing to its revenue. Moreover, ComfortDelGro has strategic partnerships and collaborations that enhance its service offerings and market reach, further bolstering its financial performance.

Comfortdelgro Financial Statement Overview

Summary
Comfortdelgro exhibits strong revenue growth and improving profitability, coupled with a stable balance sheet and solid cash flow generation. However, there is room for improvement in free cash flow conversion.
Income Statement
75
Positive
Comfortdelgro demonstrated a healthy revenue growth rate of 15.35% from 2023 to 2024, indicating strong top-line growth potential. The gross profit margin slightly decreased to 16.72% in 2024, while the net profit margin improved to 4.70%, reflecting better cost management and profitability. EBIT and EBITDA margins also showed improvement, indicating operational efficiency.
Balance Sheet
70
Positive
The company maintains a solid financial structure with a debt-to-equity ratio of 0.52, indicating moderate leverage. The equity ratio stands at 45.38%, suggesting a balanced capital structure. Return on equity improved to 8.10%, reflecting enhanced shareholder value creation, although the equity base remains stable.
Cash Flow
65
Positive
Operating cash flow increased by 21.92% year-over-year, indicating strong cash generation capabilities. However, free cash flow growth was modest at 11.18%, constrained by higher capital expenditures. The operating cash flow to net income ratio of 2.60 reflects robust cash earnings, while the free cash flow to net income ratio of 0.37 indicates room for improvement in free cash flow conversion.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
4.48B3.88B3.78B3.54B3.23B
Gross Profit
748.50M859.20M510.00M531.60M481.10M
EBIT
322.90M272.10M270.00M210.00M191.40M
EBITDA
724.80M665.70M642.40M582.20M562.50M
Net Income Common Stockholders
210.50M180.50M173.10M123.00M92.70M
Balance SheetCash, Cash Equivalents and Short-Term Investments
892.40M856.90M967.00M919.10M742.80M
Total Assets
5.73B4.69B4.70B4.96B5.31B
Total Debt
1.35B528.20M503.10M618.00M741.20M
Net Debt
462.20M-328.70M-463.90M-301.10M-1.60M
Total Liabilities
2.70B1.68B1.70B1.82B2.28B
Stockholders Equity
2.60B2.60B2.57B2.71B2.61B
Cash FlowFree Cash Flow
78.50M70.60M297.70M430.80M283.90M
Operating Cash Flow
547.50M449.10M602.30M660.90M483.70M
Investing Cash Flow
-970.10M-330.50M-251.00M-203.80M-109.70M
Financing Cash Flow
458.70M-224.10M-274.70M-287.20M-241.20M

Comfortdelgro Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.41
Price Trends
50DMA
1.45
Negative
100DMA
1.41
Positive
200DMA
1.42
Positive
Market Momentum
MACD
-0.01
Positive
RSI
44.65
Neutral
STOCH
57.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:C52, the sentiment is Positive. The current price of 1.41 is below the 20-day moving average (MA) of 1.45, below the 50-day MA of 1.45, and below the 200-day MA of 1.42, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 44.65 is Neutral, neither overbought nor oversold. The STOCH value of 57.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:C52.

Comfortdelgro Peers Comparison

Overall Rating
UnderperformOutperform
Sector (66)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
SGS56
76
Outperform
S$441.19M4.6612.39%4.88%-9.28%-30.48%
SGS61
76
Outperform
S$862.73M12.2610.03%8.09%2.13%1.72%
SGE3B
70
Neutral
S$409.06M7.438.58%1.68%-10.70%-45.35%
SGC52
66
Neutral
$3.10B14.718.14%9.75%15.36%16.55%
66
Neutral
$4.51B12.225.40%3.63%4.14%-12.01%
SGF83
56
Neutral
S$284.38M53.751.11%-3.24%200.00%
SGJ2T
S$192.04M6.0011.79%4.86%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:C52
Comfortdelgro
1.41
0.14
11.02%
SG:E3B
Wee Hur Holdings Ltd.
0.45
0.26
136.84%
SG:F83
COSCO Shipping International Singapore Co Ltd
0.13
-0.02
-13.33%
SG:J2T
Hock Lian Seng Holdings Limited
0.37
0.09
32.14%
SG:S56
Samudera Shipping Line Ltd
0.81
-0.10
-10.99%
SG:S61
SBS Transit Ltd
2.76
0.50
22.12%

Comfortdelgro Corporate Events

ComfortDelGro Holds 22nd Annual General Meeting
May 14, 2025

ComfortDelGro Corporation Limited held its twenty-second Annual General Meeting on April 25, 2025, both virtually and in person at the Suntec Singapore Convention & Exhibition Centre. The meeting was attended by the Board of Directors, key management personnel, and shareholders, highlighting the company’s commitment to transparency and stakeholder engagement.

The most recent analyst rating on (SG:C52) stock is a Buy with a S$1.80 price target. To see the full list of analyst forecasts on Comfortdelgro stock, see the SG:C52 Stock Forecast page.

ComfortDelGro Prepares for 22nd AGM with Shareholder Engagement
Apr 17, 2025

ComfortDelGro Corporation Limited has addressed shareholder questions ahead of its 22nd Annual General Meeting, scheduled for April 25, 2025. The meeting will be held both electronically and in person at the Suntec Singapore Convention & Exhibition Centre. This engagement reflects the company’s commitment to transparency and shareholder communication, potentially impacting stakeholder confidence positively.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.