Comfortdelgro (C52) AI Stock Analysis

• Market Cap: $3.12B
• Dividend Yield: 9.78%
• Average Volume (3M): 9.30M
• Price to Earnings (P/E): 14.8
• Beta (1Y): 0.44
• Revenue Growth: 15.36%
• EPS Growth: 16.55%
• Country: SG
• Employees: 22,693
• Sector: Industrials
• Sector Strength: 86
• Industry: Railroads
• EPS (TTM): 0.10
• Shares Outstanding: 2,167,448,000
• 10 Day Avg. Volume: 7,401,580
• 30 Day Avg. Volume: 9,303,043
• PEG Ratio: 0.38
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.95
• 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: 20.46% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 68 Neutral
• Price Target: S$1.50 ▲(4.17%Upside)

The overall stock score is primarily influenced by strong financial performance and attractive valuation. While the technical indicators suggest a neutral market sentiment, the high dividend yield and solid financial metrics provide a compelling case for the stock, offsetting weaker market momentum.

Positive Factors

Earnings and Growth

ComfortDelGro announced plans to bid for an overseas rail contract in Melbourne, which is estimated to be earnings accretive.

International Expansion

Transformational international expansion to drive growth in the coming years, leveraging a strong balance sheet to acquire international assets.

Negative Factors

Competition and Market Challenges

GrabCab’s impending entry into the domestic taxi street-hail segment is expected to have a slight negative impact on ComfortDelGro.

Profitability Concerns

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, 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 Money

ComfortDelGro 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

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: 1.44
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 1.44 is above the 20-day moving average (MA) of 1.43, below the 50-day MA of 1.46, and above the 200-day MA of 1.42, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.98 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
S56	76 Outperform	S$465.40M	4.91	12.39%	1.48%	-9.28%	-30.48%
S61	76 Outperform	S$878.36M	12.48	10.03%	7.94%	2.13%	1.72%
E3B	75 Outperform	S$436.64M	7.93	8.58%	1.68%	-10.70%	-45.35%
C52	68 Neutral	$3.12B	14.81	8.14%	9.78%	15.36%	16.55%
Sector *	66 Neutral	€4.07B	9.20	18.29%	3.43%	3.84%	-103.41%
F83	48 Neutral	S$550.85M	51.25	1.11%	―	-3.24%	200.00%
J2T		S$212.52M	6.64	11.79%	4.34%	―	―

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.

ComfortDelGro Prepares for 22nd AGM with Shareholder Engagement

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.