1. Singapore Stocks

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    Real Estate

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    Real Estate - Development
City Developments Limited

City Developments Limited

CDEVY
City Developments LimitedUS flagOther OTC
5.95
USD
- -
- -
5.32BMarket Cap
City Developments Limited
CDEVY
(Other OTC)

Recent

price

5.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.41
3.61
3.69
3.53
4.14
3.63
4.3
4.21
4.65
3.78
2.32
2.9
3.63
5.45
3.65
4.02
3.78
Revenue per Share
0.95
0.86
0.73
0.74
0.83
0.84
0.7
0.56
0.6
0.61
-2.13
0.08
1.4
0.34
0.21
0.69
0.62
Basic EPS, GAAP
0.47
0.86
-0.16
0.47
-0.6
-0.17
1.07
1.08
-0.88
0.68
-0.69
1.09
-0.27
0.74
0.83
-2.26
0.68
Free Cash Flow per Basic Share
0.11
0.27
0.2
0.35
0.3
0.3
0.26
0.27
0.31
0.3
0.21
0.19
0.25
0.23
0.14
0.16
0.3
Dividend per Share
7.05
7.69
2.19
8.83
2.19
2.19
2.19
2.19
2.19
1.83
2.2
9.05
10.13
10.26
10.46
11.06
1.83
Book Value per Share
8.78
9.56
10.18
11.23
11.85
12.32
12.34
12.81
13.51
12.06
9.83
10.27
10.54
10.52
10.38
11.48
12.06
Tangible Book Value per Share
909
909
909
909
909
909
909
909
909
907
907
907
907
907
897
893
907
Basic Weighted Avg Shares
3,103
3,280
3,354
3,213
3,764
3,304
3,905
3,829
4,223
3,429
2,108
2,626
3,293
4,941
3,271
3,587
3,429
Sales/Revenue/Turnover
31.9
26.62
23.01
23.94
18.17
18.95
19.17
17.96
20.34
13.96
-19.53
8.65
5.39
13.36
12.65
8.18
13.96
Operating Margin (%)
141
133
148
188
200
215
222
215
219
276
287
285
276
254
277
290
276
Depreciation Expense
865
799
678
686
770
773
653
522
557
565
-1,917
85
1,285
317
201
630
565
Net Income, GAAP
18.93
15.37
10.4
7.34
9.47
12.11
16.57
13.88
24.53
18.66
- -
40.92
29.22
26.19
43.33
17.61
18.66
Effective Tax Rate (%)
27.89
24.34
20.23
21.36
20.45
23.41
16.73
13.64
13.2
16.47
-90.94
3.23
39.03
6.42
6.15
17.55
16.47
Profit Margin (%)
4,172
4,266
5,464
6,292
6,372
7,056
6,303
6,071
5,995
6,057
5,768
2,860
5,662
4,389
3,668
6,113
6,057
Working Capital
3,425
2,929
3,469
4,401
4,466
4,572
3,955
3,756
5,069
7,863
8,994
6,198
7,988
8,362
9,354
10,841
7,863
LT Debt
7,980
8,696
9,257
10,216
10,776
11,213
11,221
11,646
12,274
11,267
9,242
9,319
9,565
9,539
9,309
10,260
11,267
Total Equity
6.73
5.77
5.06
4.81
3.71
3.09
3.55
3.46
3.61
1.93
- -
0.63
0.61
2.31
1.03
1.01
1.93
Return on Invested Capital (%)
8.38
5.39
5.18
4.72
5.45
7.16
6.2
5.11
5.56
5.73
- -
0.84
7.05
2.93
2.2
4.15
5.73
Return on Capital (%)
20.59
11.72
14.82
13.44
15.11
38.19
32.15
25.57
27.34
30.21
-105.69
1.41
14.63
3.3
2.04
6.44
30.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
2,002
1,568
2,056
LT Borrowings
6,500
6,646
7,673
LT Finance Leases
181
179
189
Preferred Equity and Hybrid Capital
- -
- -
330
Shares Outstanding
907
907
907
Market Capitalization
8,649
8,789
9,976

Working Capital

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
10,234
9,922
9,834
Cash, Cash Equivalents & STI
2,982
2,750
3,360
Accounts Receivable, Net
1,618
1,559
187
Inventories
5,528
5,435
5,172
Total Current Liabilities
3,784
3,415
3,777
Payables & Accruals
- -
- -
- -
ST Debt
2,002
1,568
2,056
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.59%
2.2%
10.22%
Free Cash Flow
-242.82%
-224.39%
-371.76%
Net Income, GAAP
94.66%
282.75%
212.78%
Sales/Revenue/Turnover
4.51%
15.17%
9.66%
Total Cash Common Dividend
-4.36%
-2.9%
12.27%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
4,941
2024
- -
- -
- -
- -
3,271
2025
- -
- -
- -
- -
3,587

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.34
2024
- -
- -
- -
- -
0.21
2025
- -
- -
- -
- -
0.69

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.23
2024
- -
- -
- -
- -
0.14
2025
- -
- -
- -
- -
0.16
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Business
City Developments Limited (CDL), a Singapore-based global real estate company founded in 1963 and headquartered at Republic Plaza in Singapore, engages in property development, investment, and hospitality operations across approximately 168 locations in 29 countries and regions. The company develops and sells residential properties including condominiums, executive condominiums, and landed homes; commercial properties such as integrated developments, shopping malls like City Square Mall, Katong Shopping Centre, and Tanglin Shopping Centre, and office spaces including Republic Plaza and Fuji Xerox Towers; hospitality assets under the Millennium & Copthorne Hotels brand encompassing luxury hotels like The St. Regis Singapore, W Singapore Sentosa Cove, and JW Marriott South Beach, alongside serviced apartments and student accommodation; and investment properties for long-term rental income. CDL operates through segments including property development, hotel operations, investment properties, and others such as management consultancy and share investments, targeting markets in Singapore, the United Kingdom, Australia, China, Japan, and Europe with a portfolio exceeding 23 million square meters of gross floor area in commercial, hospitality, and residential assets. In recent developments, CDL agreed to sell its 50.1% stake in the South Beach mixed-use development in Singapore to IOI Properties Group Berhad for S$834.2 million based on a S$2.75 billion valuation, marking a 3% premium over the prior assessment and expected to yield a S$465 million gain by third quarter 2025 while enhancing financial flexibility and reducing net gearing. The company expanded its UK private rented sector portfolio with the acquisition of the 261-unit 1NQ project in Manchester for £75.6 million and Yardhouse in central London, its first PRS development there featuring a 17-storey apartment block. Further, CDL's subsidiary Copthorne Hotel Holdings acquired a 706-room Holiday Inn in London's Kensington area for £280 million ($370 million), and announced the divestment of Bespoke Hotel Osaka Shinsaibashi for JPY 14 billion as part of capital recycling efforts. Amid these moves, CDL navigated a 2025 boardroom dispute between Executive Chairman Kwek Leng Beng and CEO Sherman Kwek, resolved with the withdrawal of legal action and retention of new directors. Millennium & Copthorne Hotels operates as a key wholly-owned subsidiary following its 2019 privatization.

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