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Jardine Matheson Holdings (J36) AI Stock Analysis
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Jardine Matheson Holdings
(SGX:J36)
The score is driven primarily by stable-but-mixed financial performance: earnings have recovered and leverage is improving, supported by strong absolute operating/free cash flow, but multi-year weak revenue momentum, thin/volatile margins, and declining TTM free cash flow limit upside. Valuation is reasonable with a solid dividend yield, while technicals are only mildly constructive given the stock remains below its longer-term moving averages.
Jardine Matheson Holdings (J36) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- $18.29B
- Dividend Yield
- 4.16%
- Average Volume (3M)
- 469.63K
- Price to Earnings (P/E)
- 12.2
- Beta (1Y)
- 0.81
- Revenue Growth
- -7.07%
- EPS Growth
- 1044.05%
- Country
- Singapore
- Employees
- 433,000
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Conglomerates
Jardine Matheson Holdings Business Overview & Revenue Model
Company Description
Jardine Matheson Holdings Limited, a diversified conglomerate founded in 1832 and headquartered in Hamilton, Bermuda, boasts a broad portfolio of business interests. Its extensive operations span numerous sectors, including the automotive industry (c...
How the Company Makes Money
Jardine Matheson makes money primarily through earnings generated by its portfolio companies and the value created through owning and managing these businesses as a holding company. Key components of its revenue and earnings model include: (1) Divide...
Jardine Matheson Holdings Financial Statement Overview
Summary
Mixed fundamentals. Revenue is down TTM (-3.37%) and has been soft for multiple years, while profitability has recovered from the 2024 loss (TTM net income $1.12B; net margin ~3.3%) but remains thin/volatile. Leverage is manageable and improving (debt-to-equity ~0.62). Cash generation is solid (TTM OCF $6.06B; FCF $4.67B) though FCF declined TTM (-23.9%).
Income Statement
56NeutralBalance Sheet
63PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.02B | 34.22B | 35.78B | 36.05B | 37.50B | 35.86B |
| Gross Profit | 11.21B | 9.42B | 9.88B | 10.27B | 10.19B | 9.11B |
| EBITDA | 5.60B | 5.74B | 4.36B | 6.10B | 5.88B | 6.66B |
| Net Income | 1.39B | 1.11B | -468.00M | 686.00M | 354.00M | 1.88B |
Balance Sheet | ||||||
| Total Assets | 83.26B | 86.14B | 86.78B | 90.48B | 89.08B | 91.49B |
| Cash, Cash Equivalents and Short-Term Investments | 8.01B | 8.94B | 4.89B | 4.85B | 5.92B | 7.33B |
| Total Debt | 17.63B | 18.15B | 19.40B | 20.37B | 19.96B | 20.49B |
| Total Liabilities | 30.28B | 31.49B | 33.46B | 34.55B | 32.82B | 33.12B |
| Stockholders Equity | 28.52B | 29.03B | 27.88B | 29.01B | 28.85B | 29.78B |
Cash Flow | ||||||
| Free Cash Flow | 5.44B | 4.11B | 3.62B | 2.74B | 3.56B | 4.24B |
| Operating Cash Flow | 7.03B | 5.31B | 5.00B | 4.58B | 4.83B | 5.08B |
| Investing Cash Flow | 510.50M | 2.09B | -971.00M | -2.46B | -2.59B | 231.00M |
| Financing Cash Flow | -4.15B | -3.63B | -3.84B | -3.26B | -3.27B | -7.18B |
Jardine Matheson Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:J36, the sentiment is Negative. The current price of 57.67 is above the 20-day moving average (MA) of 57.34, above the 50-day MA of 57.56, and below the 200-day MA of 65.77, indicating a neutral trend. The MACD of 0.35 indicates Negative momentum. The RSI at 50.20 is Neutral, neither overbought nor oversold. The STOCH value of 60.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:J36.
Jardine Matheson Holdings Peers Comparison
Overall Rating
SG:C0775Outperform
SG:S6371Outperform
SG:NS8U66Neutral- SG:J3663Neutral
SG:U9663Neutral
SG:BN462Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:C07 | 75Outperform | SGD 9.06B | 7.16 | 11.69% | 8.38% | -11.05% | 15.19% |
| SG:S63 | 71Outperform | SGD 31.63B | 56.64 | 22.44% | 2.36% | 11.42% | -25.59% |
| SG:NS8U | 66Neutral | $1.83B | 14.73 | 3.90% | 7.00% | 4.57% | 27.68% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| SG:J36 | 63Neutral | $16.87B | 12.22 | 4.84% | 4.16% | -7.07% | 1044.05% |
| SG:U96 | 63Neutral | SGD 10.40B | 17.50 | 10.86% | 4.62% | 7.75% | -41.04% |
| SG:BN4 | 62Neutral | SGD 17.68B | 54.54 | 3.29% | 3.57% | 10.65% | -44.54% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:J36 | Jardine Matheson Holdings | 57.67 | -1.08 | -1.84% | |
| SG:NS8U | Hutchison Port Holdings Trust | 0.21 | 0.01 | 5.53% | |
| SG:C07 | Jardine Cycle & Carriage | 22.87 | -7.94 | -25.77% | |
| SG:U96 | Sembcorp Industries | 5.85 | -0.46 | -7.22% | |
| SG:S63 | Singapore Technologies Engineering | 10.15 | 1.78 | 21.21% | |
| SG:BN4 | Keppel Corporation Limited | 10.09 | 0.26 | 2.62% |
Jardine Matheson Holdings Corporate Events
Jardine Matheson Updates Share Capital After Targeted Buyback
Jardine Matheson Holdings Limited has conducted a market repurchase of its ordinary shares, buying back 24,930 shares on 30 October 2026 at a price of US$57.67 per share. The company has confirmed that all repurchased shares will be cancelled rather...
Jardine Matheson Confirms Total Voting Rights at 292.5 Million Shares
Jardine Matheson Holdings Limited has confirmed to the U.K. Financial Conduct Authority that, as of 30 October 2026, its issued share capital comprises 292,529,307 ordinary shares carrying one vote each. The company reported that it holds no treasury...
Jardine Matheson Trustee Acquires US$8.97 Million in Shares Linked to Executives
Jardine Matheson Holdings Limited has disclosed a share transaction involving 1947 Trustee Limited, acting as trustee of the 1947 Trust, which includes the company’s executive directors as discretionary beneficiaries and is classified as a pers...
Jardine Matheson Cancels 20,000 Shares After Market Buyback
Jardine Matheson Holdings Limited has repurchased 20,000 of its ordinary shares on 29 October 2026 at a price of US$58.4088 per share, with the bought-back shares to be cancelled. Following this transaction, the company’s issued share capital s...
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.
Date of analysis: Aug 01, 2026