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Singapore's largest land transport operator, running taxis, buses and car rentals across Singapore, UK, Australia and China.
Singapore's largest land transport operator, running taxis, buses and car rentals across Singapore, UK, Australia and China.
Public-transport contracts, where an authority pays the operator a fee to run bus and rail services rather than relying on fares alone, carry the company, including Singapore bus packages and London routes through its Metroline unit. Taxi and private-hire fares and vehicle rentals are a smaller line that faces ride-hailing apps.
In one line: Singapore's largest land transport operator - taxis, buses and car rentals globally.
Moat: narrow (scale, regulatory licence, installed base). Large fleet scale and public transport concession contracts across multiple countries.
Headquarters: Singapore · Founded: 1970 · Employees: 26,000
Size Comfortdelgro (C52.SI) is a Singapore Industrials company (Other Transportation) with a market value of $2.19B, the 46th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$1.29 on 6 Nov 2026.
Performance Over six months the shares fell 10.4%, against -5.0% for the median peer and -1.2% for the Singapore market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +4.0%); the operating margin is 8.7% (peer median 15.7%).
Valuation It trades at 15.0× forward earnings against a peer median of 12.2× (7th most expensive of 18).
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 -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$5.20B | S$5.06B | S$4.48B | S$3.88B | S$3.78B |
| Revenue growth | — | +13% | +15% | +3% | — |
| Gross profit | S$948M | S$952M | S$807M | S$622M | S$595M |
| EBITDA | S$848M | S$871M | S$788M | S$715M | S$675M |
| Net income | S$209M | S$230M | S$210M | S$180M | S$173M |
| Free cash flow | S$132M | -S$148M | S$104M | S$98.4M | S$304M |
| Capital expenditure | S$452M | S$588M | S$469M | S$378M | S$305M |
| Total debt | n/a | S$1.82B | S$1.35B | S$528M | S$503M |
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 |
|---|---|---|---|---|---|---|
| Comfortdelgro C52.SI | $2.19B | -10% | +9% | 9% | 15.0× | -8.2% |
| Grab GRAB | $13.9B | -8% | +23% | 11% | 23.3× | 17.8% |
| SBS Transit S61.SI | $866M | -2% | +2% | 4% | 19.0× | -10.6% |
| FirstGroup FGP.L | $1.60B | +40% | -6% | 5% | 11.4× | -7.6% |
| Kelsian KLS.AX | $797M | +5% | +9% | 6% | 11.2× | 9.2% |
| Uber UBER | $140B | -9% | +14% | 13% | 16.8× | 13.9% |
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 | C52.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.2% | -0.9% | 4th highest of 21 |
| 6-month return | -10.4% | -5.0% | 7th lowest of 21 |
| Distance from 52-week high | -17.3% | -18.1% | 10th highest of 21 |
| Revenue growth (TTM) | +8.7% | +4.0% | 5th highest of 21 |
| Operating margin | 8.7% | 15.7% | 8th lowest of 21 |
| Forward P/E | 15.0× | 12.2× | 7th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -8.2% | -1.1% | 4th least demanding of 15 |
| Growth delivered (Del g) | +9.3% | +3.1% | 5th highest of 15 |
| Hurdle (Req g minus delivered) | -17.5 pp | -8.3 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +3.4 pp | +0.7 pp | 4th highest of 21 |
| EV / EBITDA | 5.0× | 10.8× | 2nd cheapest of 13 |
| Net debt / EBITDA | 1.3× | 2.1× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Comfortdelgro C52.SI | Singapore | $2.19B | -10% | +9% | 9% | 15.0× | -8.2% | +9.3% |
| Shenzhen Airport 000089.SZ | China | $2.08B | -5% | +5% | 17% | 14.2× | -6.4% | +11.4% |
| NANKAI 9044.T | Japan | $2.03B | 0% | +7% | 15% | 13.1× | n/a | n/a |
| Nagoya Railroad 9048.T | Japan | $2.38B | +8% | -2% | 5% | 11.0× | n/a | n/a |
| Hutchison Port Holdings Trust NS8U.SI | Singapore | $1.96B | +7% | +5% | 42% | 15.3× | -10.5% | +1.7% |
| SIA Engineering S59.SI | Singapore | $2.51B | -10% | -3% | 3% | 17.7× | 19.3% | +26.3% |
| Westshore Terminals Investment WTE.TO | Canada | $1.90B | +16% | -16% | 33% | 26.3× | 11.9% | -2.6% |
| Tianjin Port 600717.SS | China | $1.89B | -2% | -8% | 18% | n/a | -14.6% | -1.6% |
| Hainan Strait Shipping 002320.SZ | China | $1.88B | -34% | +4% | 23% | 70.1× | -0.5% | +36.7% |
| Xiamen Xiangyu 600057.SS | China | $2.59B | -14% | +9% | 1% | 8.7× | n/a | n/a |
| Qinhuangdao Port 601326.SS | China | $2.70B | -5% | +2% | 23% | 10.3× | -10.9% | +2.7% |
| Kamigumi 9364.T | Japan | $2.71B | -12% | +5% | 12% | 15.5× | -3.2% | +1.9% |
| Sankyu 9065.T | Japan | $2.76B | -9% | 0% | 7% | 12.2× | -1.1% | +3.4% |
| Hamburger Hafen und Logistik HHFA.DE | Germany | $1.72B | -2% | +3% | 7% | n/a | n/a | n/a |
| Sichuan Expressway 0107.HK | Hong Kong | $2.84B | -11% | +8% | 26% | 8.0× | n/a | n/a |
| Xiamen Port Development 000905.SZ | China | $2.87B | -25% | +14% | 4% | n/a | 4.2% | +7.1% |
| Evergreen Aviation Technologies 2645.TW | Taiwan | $1.67B | -8% | +10% | 17% | 16.2× | -1.0% | +11.2% |
| Shenzhen Expressway 0548.HK | Hong Kong | $2.91B | -12% | 0% | 17% | 9.3× | 0.0% | +2.2% |
| FirstGroup FGP.L | United Kingdom | $1.60B | +40% | -6% | 5% | 11.4× | -7.6% | +1.9% |
| Dongguan Development (Holdings) 000828.SZ | China | $1.57B | -3% | -4% | 39% | 10.7× | 0.7% | +4.4% |
| Sotetsu 9003.T | Japan | $1.55B | -4% | +9% | 13% | 10.1× | n/a | n/a |