Want to see SG:C07 full AI Analyst Report?
Top Page
Jardine Cycle & Carriage
(SGX:C07)
Select Model
Select Model
Rating:72Outperform
Price Target:
S$30.00
â–²(10.29% Upside)
Action:Reiterated
Date:10/08/26
The score is driven primarily by attractive valuation (low P/E and high dividend yield) and solid underlying financial resilience (strong free cash flow and stable leverage). Offsetting these positives, technicals are only neutral and the financial narrative includes near-term operating concerns, notably the 2025 revenue decline and margin compression.
Positive Factors
Strong cash generation
Consistently positive free cash flow gives Jardine Cycle & Carriage internal funding for dividends, investment, and working capital. The sharp 2025 improvement strengthens liquidity and reduces reliance on external financing, supporting resilience across its diversified operating portfolio.
Negative Factors
Revenue contraction
Recent top-line weakness suggests that the portfolio is not currently generating consistent organic growth. A sustained revenue decline would constrain operating leverage, reduce the resources available for reinvestment, and make future earnings more dependent on portfolio actions or market recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently positive free cash flow gives Jardine Cycle & Carriage internal funding for dividends, investment, and working capital. The sharp 2025 improvement strengthens liquidity and reduces reliance on external financing, supporting resilience across its diversified operating portfolio.
Read all positive factors
Jardine Cycle & Carriage (C07) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$10.36B
Dividend Yield7.43%
Average Volume (3M)289.29K
Price to Earnings (P/E)8.1
Beta (1Y)0.48
Revenue Growth-11.05%
EPS Growth15.19%
CountrySG
Employees240,000
SectorIndustrials
Sector Strength72
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)2.50
Shares Outstanding395,236,300
10 Day Avg. Volume465,737
30 Day Avg. Volume289,287
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)1.21
Price to Sales (P/S)0.49
P/FCF Ratio4.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$35.00Price Target Upside28.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.35
Revenue Forecast (FY)S$19.17B
Jardine Cycle & Carriage Business Overview & Revenue Model
Company Description
Jardine Matheson Southeast Asia Ltd. is an investment holding company, which engages in the manufacture, assembly, distribution, and retail of motor vehicles and motorcycles. It operates through the following segments: Astra, THACO, and REE. The c...
How the Company Makes Money
The company makes money primarily through (1) share of results and dividends from its significant investments and associates (most notably its interest in Astra International), and (2) operating profits from its directly controlled subsidiaries wh...
Jardine Cycle & Carriage Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.46B | 21.36B | 22.30B | 22.23B | 21.79B | 17.69B |
| Gross Profit | 4.29B | 4.59B | 4.87B | 5.05B | 4.91B | 3.77B |
| EBITDA | 3.15B | 3.54B | 4.68B | 4.14B | 3.72B | 2.76B |
| Net Income | 987.20M | 1.01B | 945.80M | 1.22B | 739.80M | 660.60M |
Balance Sheet | ||||||
| Total Assets | 31.49B | 33.20B | 32.35B | 32.39B | 29.30B | 29.05B |
| Cash, Cash Equivalents and Short-Term Investments | 2.88B | 3.64B | 3.14B | 2.84B | 4.04B | 4.63B |
| Total Debt | 7.25B | 7.43B | 7.29B | 7.57B | 6.10B | 6.68B |
| Total Liabilities | 13.62B | 14.26B | 13.93B | 14.58B | 12.85B | 12.66B |
| Stockholders Equity | 8.30B | 8.59B | 8.29B | 8.04B | 7.14B | 7.37B |
Cash Flow | ||||||
| Free Cash Flow | 1.76B | 2.15B | 1.92B | 906.40M | 1.94B | 2.52B |
| Operating Cash Flow | 2.57B | 3.22B | 3.04B | 2.47B | 2.85B | 3.03B |
| Investing Cash Flow | -1.94B | -1.84B | -1.09B | -3.04B | -1.52B | -688.50M |
| Financing Cash Flow | -1.10B | -1.11B | -1.53B | -723.90M | -1.59B | -1.23B |
Jardine Cycle & Carriage Technical Analysis
Negative
27.20
Price Trends
26.21
Negative
26.40
Negative
28.82
Negative
Market Momentum
-0.02
Negative
47.92
Neutral
14.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:C07, the sentiment is Negative. The current price of 27.2 is above the 20-day moving average (MA) of 25.98, above the 50-day MA of 26.21, and below the 200-day MA of 28.82, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.92 is Neutral, neither overbought nor oversold. The STOCH value of 14.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:C07.
Jardine Cycle & Carriage Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$10.36B | 8.07 | 11.69% | 7.43% | -11.05% | 15.19% | |
72 Outperform | S$1.15B | 19.09 | 9.04% | 4.71% | 2.15% | -12.28% | |
68 Neutral | S$3.48B | 20.17 | 9.78% | 3.62% | 14.28% | 21.19% | |
65 Neutral | S$5.54B | 19.32 | 10.46% | 1.91% | 9.01% | 17.18% | |
64 Neutral | S$2.73B | 13.03 | 8.03% | 6.75% | 8.70% | -5.29% | |
64 Neutral | $1.92B | 15.09 | 3.90% | 6.84% | 4.57% | 27.68% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
SG:C07
Jardine Cycle & Carriage
25.84
-0.67
-2.52%
SG:C52
Comfortdelgro
1.26
-0.13
-9.42%
SG:NS8U
Hutchison Port Holdings
0.22
0.02
10.26%
SG:S59
SIA Engineering Co
3.04
-0.30
-8.87%
SG:S58
SATS
3.67
0.29
8.48%
SG:S61
SBS Transit Ltd
3.63
0.90
33.02%
Jardine Cycle & Carriage Corporate Events
Jardine Cycle & Carriage Sets Record Date and Options for Toyota Share Distribution
Oct 1, 2026
Jardine Cycle Carriage will pay a special dividend via an in‑specie distribution of Toyota Motor Corporation shares, setting 5:30 p.m. on 9 October 2026 as the record date to fix shareholder entitlements. To accommodate investors who prefer...
Jardine Cycle & Carriage to Liquidate Two Myanmar Subsidiaries
Aug 4, 2026
Jardine Cycle Carriage Limited has initiated voluntary liquidation proceedings for two wholly owned Myanmar subsidiaries, Cycle Carriage Automobile Alliance Company Limited and Automobile Alliance Company Limited. One entity is being wound up un...
Astra Refocuses Strategy as Mining Weakness Drags First-Half Earnings
Jul 30, 2026
Astra reported first-half 2026 net revenue of Rp157.9 trillion, down 3% year-on-year, with net income falling 19% to Rp12.5 trillion as weaker Mining Solutions Heavy Equipment performance and non-recurring fair value and impairment charges offset...
JC&C Unveils Special Dividend and Toyota Share Distribution Plan
Jul 30, 2026
Jardine Cycle Carriage has proposed a special dividend that combines a cash payout of US$0.37 per share with an in‑specie distribution of 7,226,200 Toyota Motor Corporation shares, representing about 0.05% of Toyota’s issued capital. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.