Comfortdelgro (C52) AI Stock Analysis

• Market Cap: $3.55B
• Dividend Yield: 4.31%
• Average Volume (3M): 12.06M
• Price to Earnings (P/E): 16.9
• Beta (1Y): 0.50
• Revenue Growth: 15.36%
• EPS Growth: 16.55%
• Country: SG
• Employees: 22,693
• Sector: Industrials
• Sector Strength: 95
• Industry: Railroads
• EPS (TTM): 0.05
• Shares Outstanding: 2,167,448,000
• 10 Day Avg. Volume: 20,030,939
• 30 Day Avg. Volume: 12,061,313
• PEG Ratio: 1.68
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 27.91
• 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: $1.73
• Price Target Upside: 5.29% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 64 Neutral
• Price Target: S$2.00 ▲(21.95%Upside)

The overall stock score is driven by strong financial performance, particularly in revenue growth and profitability. Technical analysis suggests potential short-term caution due to overbought conditions. Valuation metrics indicate a fair market price with a strong dividend yield supporting the score.

Positive Factors

Dividend Yield

The dividend yield of 6% is attractive as the company maintains a high payout ratio of 80%.

Earnings

Earnings from Addison Lee, commencement of the Manchester bus contract, and continued margin improvement in the UK bus segment are expected to largely offset challenges.

International Expansion

ComfortDelGro is delivering more stable and visible growth with acquisitions, new and re-pricing of bus contracts in the UK.

Negative Factors

Capital Expenditure

High capital expenditure is required, with a significant amount spent on new buses and conversion to EVs.

Competition

GrabCab’s additional incentives and bonuses are expected to increase competition for taxi drivers, potentially reducing ComfortDelGro’s taxi utilisation rate slightly.

Profitability

A significant decline in profitability for Singapore's Taxi & Private Hire segment following the waiver of commissions.

Comfortdelgro Business Overview & Revenue Model

Company Description

ComfortDelGro Corporation Limited (C52) is a multinational land transport company headquartered in Singapore. It operates across various sectors including public transport, taxis, automotive engineering, inspection and testing services, car rental and leasing, and insurance broking services. The company has a significant presence in several countries, providing a diverse range of mobility solutions, primarily focusing on safe and reliable transportation services.

How the Company Makes Money

ComfortDelGro generates revenue through multiple streams primarily centered around its core transportation services. The largest portion of its income is derived from its public transport services, which include operating buses and rail networks in various regions. Another significant revenue stream comes from its taxi operations, where the company earns through both taxi rentals and fare commissions. Additionally, ComfortDelGro benefits from its automotive engineering services, which offer vehicle maintenance and repair, and its inspection and testing services that ensure compliance and safety standards. The company also earns from leasing and renting vehicles, as well as through its insurance broking services, which provide vehicle and general insurance solutions. Strategic partnerships and joint ventures in different geographical regions further contribute to 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 a need to enhance free cash flow conversion and maintain cost efficiencies.

Income Statement

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

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

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 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.48B	3.88B	3.78B	3.54B	3.23B
Gross Profit	748.50M	859.20M	510.00M	531.60M	481.10M
EBITDA	724.80M	665.70M	642.40M	582.20M	562.50M
Net Income	210.50M	180.50M	173.10M	123.00M	92.70M
Balance Sheet
Total Assets	5.73B	4.69B	4.70B	4.96B	5.31B
Cash, Cash Equivalents and Short-Term Investments	892.40M	856.90M	967.00M	919.10M	742.80M
Total Debt	1.35B	528.20M	503.10M	618.00M	741.20M
Total Liabilities	2.70B	1.68B	1.70B	1.82B	2.28B
Stockholders Equity	2.60B	2.60B	2.57B	2.71B	2.61B
Cash Flow
Free Cash Flow	78.50M	70.60M	297.70M	430.80M	283.90M
Operating Cash Flow	547.50M	449.10M	602.30M	660.90M	483.70M
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 Price: 1.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 1.64 is above the 20-day moving average (MA) of 1.45, above the 50-day MA of 1.44, and above the 200-day MA of 1.42, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 88.63 is Negative, neither overbought nor oversold. The STOCH value of 90.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:C52.

Comfortdelgro Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S61	75 Outperform	S$981.51M	13.94	10.03%	3.28%	2.13%	1.72%
E3B	73 Outperform	S$652.66M	11.85	8.58%	0.71%	-10.70%	-45.35%
S56	69 Neutral	S$543.42M	5.74	12.39%	11.07%	-9.28%	-30.48%
Sector *	66 Neutral	$2.75B	14.13	10.02%	4.01%	-1.82%	30.90%
C52	64 Neutral	$3.55B	16.87	8.14%	4.31%	15.36%	16.55%
F83	57 Neutral	S$564.29M	52.50	1.11%	―	-3.24%	200.00%

Comfortdelgro Corporate Events

ComfortDelGro Holds 22nd Annual General Meeting

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.