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Motor vehicle distributor across Southeast Asia, holding a large stake in Indonesia's Astra International.
Motor vehicle distributor across Southeast Asia, holding a large stake in Indonesia's Astra International.
Most earnings come from its large Astra stake, which contributes profit from Toyota car distribution, heavy equipment, financial services and agribusiness in Indonesia. Direct motor distribution in Singapore and Malaysia is smaller. It is part of the Jardine Matheson group, the controlling shareholder.
In one line: A Southeast Asian auto distribution holding company.
Moat: narrow (distribution, scale). Long-standing exclusive distribution agreements (e.g., Mercedes-Benz, Toyota via Astra) across Southeast Asia.
Headquarters: Singapore · Founded: 1926
Size Jardine Cycle & Carriage (C07.SI) is a Singapore Consumer Discretionary company (Motor Vehicles) with a market value of $7.36B, the 19th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$23.71 on 6 Nov 2026.
Performance Over six months the shares fell 28.2%, against -10.7% for the median peer and -1.2% for the Singapore market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 11.1% over the last twelve months (peer median +7.7%); the operating margin is 9.8% (peer median 3.8%).
Valuation It trades at 8.2× forward earnings against a peer median of 15.9× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$26.4B | S$27.9B | S$29.8B | S$29.9B | S$29.7B |
| Revenue growth | — | -6% | 0% | 0% | — |
| Gross profit | S$5.53B | S$5.99B | S$6.51B | S$6.78B | S$6.77B |
| EBITDA | S$4.03B | S$4.55B | S$5.19B | S$5.30B | S$5.28B |
| Net income | S$1.27B | S$1.30B | S$1.26B | S$1.63B | S$1.02B |
| Free cash flow | S$2.27B | S$2.77B | S$2.68B | S$1.32B | S$2.84B |
| Capital expenditure | S$1.11B | S$1.46B | S$1.50B | S$2.10B | S$1.25B |
| Total debt | n/a | S$9.56B | S$9.95B | S$9.98B | S$8.19B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jardine Cycle & Carriage C07.SI | $7.36B | -28% | -11% | 10% | 8.2× | -7.8% |
| Inchcape INCH.L | $2.87B | -21% | +7% | 6% | 7.5× | -6.0% |
| Toyota Tsusho 8015.T | $36.8B | +2% | +25% | 5% | 13.0× | 9.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | C07.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.3% | +2.1% | 2nd lowest of 21 |
| 6-month return | -28.2% | -10.7% | 4th lowest of 21 |
| Distance from 52-week high | -34.7% | -32.1% | 11th highest of 21 |
| Revenue growth (TTM) | -11.1% | +7.7% | lowest of 21 |
| Operating margin | 9.8% | 3.8% | 5th highest of 21 |
| Forward P/E | 8.2× | 15.9× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -7.8% | 3.8% | 3rd least demanding of 11 |
| Growth delivered (Del g) | +8.9% | +12.1% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | -16.6 pp | -5.7 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +1.6 pp | -3.5 pp | 4th highest of 18 |
| EV / EBITDA | 6.8× | 8.4× | 4th cheapest of 10 |
| Net debt / EBITDA | 1.4× | 1.7× | 5th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jardine Cycle & Carriage C07.SI | Singapore | $7.36B | -28% | -11% | 10% | 8.2× | -7.8% | +8.9% |
| Zhejiang CFMoto Power 603129.SS | China | $7.23B | +16% | +40% | 11% | 19.9× | -3.9% | +34.5% |
| Ather Energy ATHERENERG.NS | India | $7.57B | +101% | +63% | -7% | n/a | n/a | n/a |
| VinFast Auto VFS | United States | $7.60B | -25% | +74% | -86% | n/a | n/a | n/a |
| NIO 9866.HK | Hong Kong | $7.60B | -46% | +70% | -4% | n/a | n/a | n/a |
| Federal Signal FSS | United States | $6.92B | -4% | +24% | 17% | 20.1× | 11.8% | +14.0% |
| Oshkosh OSK | United States | $8.19B | -3% | +4% | 7% | 11.2× | 4.7% | +8.7% |
| Zhejiang Leapmotor Technology 9863.HK | Hong Kong | $6.34B | -25% | +71% | -1% | 16.1× | -14.5% | +150.7% |
| Guangzhou Automobile 2238.HK | Hong Kong | $6.28B | -27% | 0% | -17% | n/a | n/a | n/a |
| Porsche Automobil Holding SE Pref PAH3.DE | Germany | $8.98B | -19% | +13% | 108% | 33.4× | 9.4% | +2.4% |
| Nissan Motor 7201.T | Japan | $5.98B | -24% | -1% | 2% | 23.1× | n/a | n/a |
| Isuzu Motors 7202.T | Japan | $9.26B | -1% | +5% | 6% | 8.8× | n/a | n/a |
| Renault RNO.PA | France | $9.39B | +2% | +6% | 6% | 4.9× | 3.4% | +5.9% |
| Chongqing Changan Automobile 000625.SZ | China | $9.51B | -25% | -7% | 0% | 28.5× | n/a | n/a |
| XPeng 9868.HK | Hong Kong | $9.51B | -37% | +29% | -7% | n/a | n/a | n/a |
| Iveco IVG.MI | Italy | $5.55B | +3% | -5% | 3% | 12.7× | n/a | n/a |
| Yamaha Motor 7272.T | Japan | $10.1B | +54% | +10% | 6% | 9.3× | 4.2% | +11.5% |
| Yutong Bus 600066.SS | China | $10.1B | -12% | +3% | 14% | 11.5× | -10.0% | +13.8% |
| ARCHION 543A.T | Japan | $5.11B | -9% | +9% | 5% | 2.4× | 7.4% | +0.9% |
| Loncin Motor 603766.SS | China | $4.97B | +5% | +2% | 9% | 15.9× | -5.5% | +12.7% |
| Seres 601127.SS | China | $11.0B | -51% | -6% | -4% | 139.8× | n/a | n/a |