1. Singapore Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Manufacturers
Jardine Cycle & Carriage Limited

Jardine Cycle & Carriage Limited

JCYGY
Jardine Cycle & Carriage LimitedUS flagOther OTC
45.59
USD
- -
- -
9.01BMarket Cap
Jardine Cycle & Carriage Limited
JCYGY
(Other OTC)

Recent

price

45.59

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
85.75
109.83
117.8
108.22
102.08
83.14
79.78
87.74
96.11
94.08
66.97
89.51
109.14
112.52
112.85
108.09
94.08
Revenue per Share
5.16
5.64
5.39
5
4.48
3.65
3.55
4.75
2.11
4.46
2.73
3.34
3.74
6.15
4.79
5.05
4.46
Basic EPS, GAAP
-2.39
-1.39
-2.11
5.06
1.54
6.4
3.98
3.83
7.85
3.22
11.62
12.73
9.82
4.59
9.71
10.38
3.22
Free Cash Flow per Basic Share
1.25
1.92
2.44
2.38
2.07
1.62
1.37
1.49
1.72
1.76
1.57
1.04
1.81
2.24
2.36
2.21
1.77
Dividend per Share
3.46
3.46
3.46
3.46
3.46
7.3
6.99
6.99
6.99
6.99
6.99
6.99
6.99
6.99
6.99
6.99
6.99
Book Value per Share
37.82
46.75
50.52
46.73
50.6
49
53.05
62.65
60
66.71
68.27
73.98
75.3
81.48
84.42
87.33
66.71
Tangible Book Value per Share
183
183
183
183
183
189
198
198
198
198
198
198
198
198
198
198
198
Basic Weighted Avg Shares
15,680
20,084
21,541
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
Sales/Revenue/Turnover
14.34
11.72
11.27
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
Operating Margin (%)
517
640
734
733
677
636
607
634
779
1,086
1,106
1,064
1,006
1,037
1,141
-673
1,086
Depreciation Expense
944
1,030
986
915
820
691
702
939
418
881
540
661
740
1,215
946
998
881
Net Income, GAAP
20.63
19.27
21.46
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
Effective Tax Rate (%)
6.02
5.13
4.58
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
Profit Margin (%)
1,136
1,950
2,355
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
Working Capital
1,550
2,641
3,099
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
LT Debt
8,057
9,950
10,698
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
Total Equity
17.41
14.16
11.97
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 Invested Capital (%)
30.69
-3.25
-2.35
-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 Capital (%)
149.34
162.96
155.9
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
Return on Common Equity (%)

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
9,953
9,791
8,726

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
- -
- -
- -
- -
6.15
2024
- -
- -
- -
- -
4.79
2025
- -
- -
- -
- -
5.05

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.24
2024
- -
- -
- -
- -
2.36
2025
- -
- -
- -
- -
2.21
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Business
Jardine Cycle & Carriage Limited is a Singapore-based investment holding company with diversified interests primarily in the fast-growing economies of Southeast Asia. The company operates through subsidiaries and associates in sectors including automotive, consumer finance, utilities and infrastructure, heavy equipment and mining, property, agribusiness, cement, and consumer products. It holds significant stakes in key regional businesses such as Astra International in Indonesia, REE Corporation in Vietnam, and Vinamilk in Vietnam, reflecting its broad footprint in multiple industries. In the automotive segment, Jardine Cycle & Carriage directly owns Cycle & Carriage, a leading automotive group with operations in Singapore and Malaysia. Cycle & Carriage distributes, retails, and provides aftersales services for new and used vehicles, representing notable brands such as Mercedes-Benz, Mitsubishi Motors, Kia, Citroën, DS Automobiles, Maxus, ORA, smart vehicles, and Gogoro. It also retails used cars under the Republic Auto brand and distributes commercial vehicles including FUSO trucks. The company has expanded its automotive presence through partnerships and joint ventures, including a 60% stake in Cycle & Carriage Myanmar, which distributes Mercedes-Benz, Mazda, and Fuso vehicles. Recent major company developments include the strategic partnership with Carro, a Southeast Asian digital automotive platform, to enhance its digital automotive ecosystem, and a significant acquisition in September 2025 where Jardine Cycle & Carriage's subsidiaries agreed to acquire Indonesian gold mining company Arafura Surya Alam for approximately USD 540 million. This acquisition marks a strategic expansion in the mineral sector, complementing their existing interests. Additionally, Jardine Cycle & Carriage invested USD 350 million via convertible bonds in THACO, Vietnam's largest automotive company, further strengthening its automotive business in the region. A noteworthy transaction in 2024 involved the sale of its 25.54% stake in Siam City Cement Public Company Limited in Thailand, signifying portfolio streamlining and capital reallocation towards core growth areas. Founded in 1899 and headquartered in Singapore, Jardine Cycle & Carriage has evolved into a prominent investment holding company with a strong regional presence across Southeast Asia. Through its subsidiaries and associates, it targets market-leading positions in various industries and serves diversified customer bases including automotive consumers, industrial clients, and investors in multiple sectors across Indonesia, Vietnam, Singapore, Malaysia, and beyond. In summary, Jardine Cycle & Carriage Limited provides a comprehensive range of products and services including automotive distribution, retail, and aftersales services; consumer finance; heavy equipment and mining; property development; agribusiness; cement production; and consumer product manufacturing, with recent strategic moves focusing on enhancing its automotive digital platforms and expanding mineral sector holdings in Southeast Asia. The company combines a rich heritage with active portfolio management to maintain leadership in diverse regional markets.