Jardine Cycle & Carriage Limited

Jardine Cycle & Carriage Limited

JCYCF
Jardine Cycle & Carriage LimitedUS flagOther OTC
25.50
USD
- -
- -
10.08BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
54.11
51.04
41.57
39.89
43.87
48.06
47.04
33.49
44.76
54.57
56.26
56.42
54.04
47.04
Basic EPS, GAAP
2.5
2.24
1.83
1.78
2.38
1.06
2.23
1.37
1.67
1.87
3.08
2.39
2.52
2.23
Free Cash Flow per Basic Share
2.53
0.77
3.2
1.99
1.92
3.93
1.61
5.81
6.37
4.91
2.29
4.85
5.19
1.61
Dividend per Share
1.19
1.04
0.81
0.68
0.74
0.86
0.88
0.79
0.52
0.9
1.12
1.18
1.1
0.88
Book Value per Share
1.73
1.73
3.65
3.49
3.49
3.49
3.49
3.49
3.49
3.49
3.49
3.49
3.49
3.49
Tangible Book Value per Share
23.37
25.3
24.5
26.52
31.32
30
33.36
34.13
36.99
37.65
40.74
42.21
43.67
33.36
Basic Weighted Avg Shares
366
366
378
395
395
395
395
395
395
395
395
395
395
395
Sales/Revenue/Turnover
19,788
18,675
15,718
15,764
17,337
18,992
18,591
13,234
17,688
21,566
22,234
22,298
21,358
18,591
Operating Margin (%)
10.43
9.52
7.47
9.51
10.92
9.08
11.81
11.46
9.58
12.57
13.96
11.69
11.44
11.81
Depreciation Expense
733
677
636
607
634
779
1,086
1,106
1,064
1,006
1,037
1,141
-673
1,086
Net Income, GAAP
915
820
691
702
939
418
881
540
661
740
1,215
946
998
881
Effective Tax Rate (%)
20.41
20.47
20.82
18.64
20.34
27.4
22.5
15.86
23.07
23.9
19.86
20.74
20.3
22.5
Profit Margin (%)
4.62
4.39
4.39
4.45
5.42
2.2
4.74
4.08
3.73
3.43
5.47
4.24
4.67
4.74
Working Capital
1,443
1,925
2,299
1,862
888
214
1,136
2,094
4,231
3,626
2,367
3,261
2,924
1,136
LT Debt
2,225
2,625
2,497
1,867
2,420
2,874
3,714
3,045
3,935
3,196
4,078
4,129
3,114
3,714
Total Equity
9,883
10,799
10,727
12,074
13,459
13,486
14,984
15,307
16,395
16,512
17,815
18,419
18,948
14,984
Return on Invested Capital (%)
10.25
8.86
5.71
7.29
7.93
6
7.63
5.54
5.67
8.93
10.26
8.04
7.44
7.63
Return on Capital (%)
-1.56
-1.4
1.17
-0.32
0.26
-3.83
-0.14
-0.03
-1.69
-5.13
-1.92
-2.23
-1.11
-0.14
Return on Common Equity (%)
144.64
129.66
68.61
50.81
67.98
30.24
63.82
39.12
47.83
53.57
88.01
68.49
72.25
63.82

Capital Structure

FRC

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
4,525
4,233
4,622
LT Borrowings
3,622
3,784
3,621
LT Finance Leases
95
85
94
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
395
395
395
Market Capitalization
9,639
8,726
8,785

Working Capital

FRC

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
10,123
10,497
10,274
Cash, Cash Equivalents & STI
1,654
1,938
1,873
Accounts Receivable, Net
5,958
6,015
5,891
Inventories
1,999
2,000
1,907
Total Current Liabilities
9,586
9,588
9,138
Payables & Accruals
- -
- -
- -
ST Debt
4,525
4,233
4,622
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.95%
4.4%
2.88%
Free Cash Flow
32.04%
10.4%
6.89%
Net Income, GAAP
13.41%
16.37%
5.5%
Sales/Revenue/Turnover
4.36%
10.95%
-4.22%
Total Cash Common Dividend
6.76%
12.62%
-6.43%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
22,234
2024
- -
- -
- -
- -
22,298
2025
- -
- -
- -
- -
21,358

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
3.08
2024
- -
- -
- -
- -
2.39
2025
- -
- -
- -
- -
2.52

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.12
2024
- -
- -
- -
- -
1.18
2025
- -
- -
- -
- -
1.1

Company Description

APIChat
CEO
Benjamin Herrenden Birks
Full Time Employees
240,000
Sector
Consumer Cyclical
Industry
Auto - Manufacturers
Address
239 Alexandra Road Singapore Singapore 159930
IPO Date
Jan 31, 2012
Business
Jardine Cycle & Carriage Limited is an investment holding company focused on the automotive sector and related businesses in Southeast Asia. The company holds a 50.1% stake in Astra International, Indonesia's largest independent automotive group, which manufactures, assembles, distributes, retails and provides aftersales services and financing for motor vehicles and motorcycles including Toyota, Daihatsu, Isuzu, Peugeot, BMW and UD Trucks brands as well as Honda motorcycles and automotive components; Komatsu heavy equipment distribution; financial services comprising consumer financing, heavy equipment financing, banking and insurance; agribusiness focused on palm oil; infrastructure and logistics including toll roads; information technology through Fuji Xerox distribution; and property developments. It also maintains a 26.6% interest in Truong Hai Auto Corporation (THACO), Vietnam's largest automotive company, which manufactures, assembles, distributes, retails and services commercial and passenger vehicles for BMW, Kia, Mazda, Mini, Peugeot, Foton and Fuso brands alongside property development, agriculture and logistics; a 29.0% stake in Refrigeration Electrical Engineering Corporation (REE Corp), a Vietnamese group in power, water utilities, property and M&E services; and a 10.6% holding in Vinamilk, Vietnam's leading dairy producer. Directly operated businesses include Cycle & Carriage in Singapore, which distributes, retails and services Mercedes-Benz, Mitsubishi Motors, Kia, Citroën, DS Automobiles, Maxus, ORA, smart vehicles and Gogoro alongside used cars under the Republic Auto brand, car leasing and BYD electric forklifts; Cycle & Carriage Bintang in Malaysia, a leading Mercedes-Benz passenger car and Fuso truck dealer; and Cycle & Carriage Myanmar, a joint venture distributing Mercedes-Benz, Mazda and Fuso vehicles. It further holds 46.2% of Tunas Ridean, an Indonesian dealer for Toyota, Daihatsu, BMW, Isuzu vehicles and Honda motorcycles with rental, fleet management and financing services. The company targets consumer, commercial and industrial customers across Indonesia, Vietnam, Singapore, Malaysia and Myanmar. Founded in 1899 and headquartered in Singapore, Jardine Cycle & Carriage operates primarily in fast-growing Southeast Asian economies with a strategic emphasis on Indonesia and Vietnam; Astra contributes approximately 90% of earnings. Recent developments include the 2024 divestment of its 25.5% stake in Siam City Cement, Thailand's second-largest cement producer, for US$344 million to streamline its portfolio toward core automotive and related sectors; and in 2025, subsidiaries agreeing to acquire PT Arafura Surya Alam, holder of the Doup gold mining project in North Sulawesi, Indonesia, for US$540 million to expand into mining. The group anticipates 2025 underlying profit broadly similar to 2024 levels, supported by non-Astra business improvements.