Keppel Corporation Ltd
SGX:BN4

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Keppel Corporation Ltd Logo
Keppel Corporation Ltd
SGX:BN4
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Price: 10.15 SGD -0.78%
Market Cap: 17.9B SGD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-9%
5Y
-31%
10Y
-48%
Operating Income
+
3Y
+3%
5Y
+8%
10Y
-42%
Net Income
+
3Y
-17%
5Y
-
10Y
-47%

Earnings Waterfall
Keppel Corporation Ltd

Revenue
6.4B SGD
Cost of Revenue
-4.6B SGD
Gross Profit
1.9B SGD
Operating Expenses
-551.5m SGD
Operating Income
1.3B SGD
Other Expenses
-312.8m SGD
Net Income
1B SGD

Income Statement
Keppel Corporation Ltd

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Income Statement
Currency: SGD
Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 Dec-2024 Jun-2025
Revenue
Interest Expense
0
0
66
0
0
0
67
0
0
0
41
0
0
0
22
0
0
0
62
0
0
0
63
0
0
0
79
0
0
0
52
0
0
0
63
0
0
0
91
0
0
0
135
0
0
0
125
0
0
0
134
0
0
0
155
0
0
0
226
0
0
0
189
0
0
0
206
0
0
0
313
0
77
292
211
172
173
147
216
328
374
409
436
Revenue
2 513
N/A
3 975
+58%
5 528
+39%
6 109
+11%
6 235
+2%
6 284
+1%
5 947
-5%
5 099
-14%
4 546
-11%
4 011
-12%
3 963
-1%
4 200
+6%
4 440
+6%
5 101
+15%
5 688
+12%
6 099
+7%
6 584
+8%
6 915
+5%
7 601
+10%
8 086
+6%
8 893
+10%
9 515
+7%
10 431
+10%
10 614
+2%
10 803
+2%
11 429
+6%
11 805
+3%
12 572
+6%
13 131
+4%
12 953
-1%
12 247
-5%
11 603
-5%
10 777
-7%
10 026
-7%
9 783
-2%
9 094
-7%
9 005
-1%
9 420
+5%
10 082
+7%
12 060
+20%
13 255
+10%
13 771
+4%
13 965
+1%
12 458
-11%
12 052
-3%
11 781
-2%
12 380
+5%
12 618
+2%
12 719
+1%
12 956
+2%
13 283
+3%
13 101
-1%
12 487
-5%
11 742
-6%
10 296
-12%
9 225
-10%
8 288
-10%
7 307
-12%
6 767
-7%
6 272
-7%
6 201
-1%
6 359
+3%
5 964
-6%
6 186
+4%
6 154
-1%
5 833
-5%
5 965
+2%
6 026
+1%
6 287
+4%
7 059
+12%
7 580
+7%
7 906
+4%
9 304
+18%
6 574
-29%
6 280
-4%
6 611
+5%
7 079
+7%
6 620
-6%
6 980
+5%
6 966
0%
6 474
-7%
6 601
+2%
6 434
-3%
Gross Profit
Cost of Revenue
(1 657)
(2 634)
(4 097)
(5 351)
(5 686)
(5 604)
(4 405)
(3 997)
(3 409)
(3 116)
(2 552)
(2 767)
(3 033)
(3 686)
(4 138)
(4 468)
(4 828)
(5 004)
(5 570)
(5 958)
(6 705)
(7 247)
(8 037)
(8 146)
(8 197)
(8 586)
(8 828)
(9 486)
(9 823)
(9 636)
(8 809)
(8 104)
(7 348)
(6 629)
(6 211)
(5 677)
(5 510)
(5 784)
(6 273)
(7 660)
(8 692)
(9 260)
(9 566)
(8 591)
(8 340)
(7 938)
(8 604)
(8 711)
(8 701)
(9 044)
(9 245)
(8 994)
(8 765)
(8 061)
(7 023)
(6 297)
(5 374)
(4 755)
(4 204)
(3 952)
(3 996)
(4 114)
(3 957)
(4 132)
(4 195)
(4 025)
(4 175)
(4 201)
(4 320)
(4 943)
(5 215)
(5 574)
(6 556)
(4 558)
(4 487)
(5 082)
(5 624)
(5 174)
(5 208)
(4 998)
(4 604)
(4 737)
(4 556)
Gross Profit
855
N/A
1 340
+57%
1 431
+7%
758
-47%
549
-28%
680
+24%
1 543
+127%
1 102
-29%
1 137
+3%
896
-21%
1 411
+58%
1 433
+2%
1 406
-2%
1 414
+1%
1 550
+10%
1 631
+5%
1 756
+8%
1 911
+9%
2 031
+6%
2 128
+5%
2 189
+3%
2 268
+4%
2 394
+6%
2 468
+3%
2 606
+6%
2 843
+9%
2 977
+5%
3 086
+4%
3 309
+7%
3 317
+0%
3 438
+4%
3 499
+2%
3 429
-2%
3 397
-1%
3 572
+5%
3 417
-4%
3 496
+2%
3 636
+4%
3 809
+5%
4 400
+16%
4 562
+4%
4 511
-1%
4 399
-2%
3 867
-12%
3 712
-4%
3 843
+4%
3 777
-2%
3 907
+3%
4 017
+3%
3 912
-3%
4 038
+3%
4 107
+2%
3 723
-9%
3 681
-1%
3 273
-11%
2 929
-11%
2 914
0%
2 552
-12%
2 563
+0%
2 321
-9%
2 205
-5%
2 245
+2%
2 006
-11%
2 054
+2%
1 959
-5%
1 809
-8%
1 790
-1%
1 825
+2%
1 967
+8%
2 116
+8%
2 365
+12%
2 333
-1%
2 748
+18%
2 016
-27%
1 793
-11%
1 529
-15%
1 456
-5%
1 445
-1%
1 772
+23%
1 968
+11%
1 870
-5%
1 865
0%
1 878
+1%
Operating Income
Operating Expenses
(612)
(989)
(968)
(290)
(88)
(200)
(1 037)
(610)
(645)
(417)
(996)
(1 003)
(971)
(972)
(1 084)
(1 117)
(1 183)
(1 239)
(1 227)
(1 250)
(1 245)
(1 252)
(1 343)
(832)
(1 526)
(1 728)
(1 739)
(1 782)
(1 921)
(1 835)
(2 070)
(1 624)
(1 905)
(1 924)
(1 947)
(1 154)
(1 202)
(1 186)
(2 054)
(1 038)
(1 050)
(1 091)
(1 778)
(1 795)
(1 827)
(1 822)
(1 642)
(1 755)
(1 821)
(1 719)
(1 665)
(1 750)
(1 419)
(1 572)
(1 760)
(1 535)
(1 702)
(1 524)
(1 768)
(1 619)
(1 589)
(1 517)
(1 075)
(821)
(597)
(462)
(635)
(833)
(1 090)
(1 328)
(1 814)
(1 430)
(1 523)
(2 545)
(1 125)
(1 414)
(163)
(1 345)
(950)
(1 289)
(729)
(1 229)
(552)
Selling, General & Administrative
(269)
(469)
(669)
(55)
(58)
(43)
(708)
(705)
(765)
(770)
(690)
(695)
(661)
(667)
(803)
(842)
(902)
(955)
(931)
(959)
(989)
(1 016)
(1 132)
(1 205)
(1 220)
(1 326)
(1 329)
(1 334)
(1 403)
(1 346)
(1 510)
(1 374)
(1 328)
(1 385)
(1 499)
(1 370)
(1 405)
(1 382)
(1 575)
(1 487)
(1 534)
(1 569)
(1 579)
(1 553)
(1 534)
(1 547)
(1 668)
(1 710)
(1 785)
(1 790)
(1 733)
(1 834)
(1 755)
(1 732)
(1 600)
(1 398)
(1 330)
(1 218)
(1 155)
(1 130)
(1 085)
(1 065)
(1 027)
(1 007)
(966)
(961)
(988)
(1 011)
(1 070)
(1 108)
(1 238)
(1 189)
(1 499)
(1 771)
(847)
(965)
(701)
(702)
(683)
(728)
(679)
(732)
(727)
Depreciation & Amortization
(86)
(129)
(186)
(199)
(207)
(225)
(223)
(207)
(197)
(175)
(180)
(173)
(158)
(145)
(132)
(132)
(137)
(143)
(127)
(123)
(123)
(124)
(126)
(131)
(134)
(137)
(139)
(147)
(157)
(157)
(174)
(178)
(176)
(186)
(189)
(192)
(198)
(202)
(209)
(211)
(214)
(218)
(211)
(214)
(223)
(235)
(242)
(251)
(257)
(260)
(265)
(268)
(267)
(255)
(220)
(211)
(204)
(202)
(236)
(236)
(235)
(233)
(212)
(203)
(189)
(182)
(182)
(204)
(262)
(324)
(375)
(408)
(507)
(414)
(352)
(291)
(253)
(207)
(205)
(221)
(222)
(208)
(257)
Other Operating Expenses
(258)
(391)
(113)
(36)
177
67
(107)
301
317
527
(127)
(135)
(152)
(161)
(148)
(144)
(144)
(142)
(168)
(168)
(132)
(112)
(85)
505
(172)
(265)
(270)
(301)
(361)
(332)
(387)
(73)
(400)
(352)
(260)
407
401
398
(271)
660
698
696
12
(27)
(70)
(41)
268
207
221
331
333
351
604
415
61
73
(167)
(104)
(376)
(254)
(268)
(219)
164
390
558
681
535
381
242
105
(201)
167
483
(361)
73
(158)
791
(436)
(61)
(340)
172
(289)
433
Operating Income
243
N/A
352
+45%
463
+32%
468
+1%
461
-1%
480
+4%
505
+5%
492
-3%
491
0%
478
-3%
415
-13%
430
+4%
436
+1%
443
+2%
467
+6%
514
+10%
573
+12%
672
+17%
804
+20%
877
+9%
944
+8%
1 016
+8%
1 051
+3%
1 636
+56%
1 080
-34%
1 115
+3%
1 238
+11%
1 304
+5%
1 388
+6%
1 482
+7%
1 368
-8%
1 874
+37%
1 525
-19%
1 473
-3%
1 625
+10%
2 263
+39%
2 294
+1%
2 450
+7%
1 756
-28%
3 362
+91%
3 512
+4%
3 420
-3%
2 621
-23%
2 072
-21%
1 886
-9%
2 021
+7%
2 134
+6%
2 153
+1%
2 197
+2%
2 194
0%
2 373
+8%
2 357
-1%
2 304
-2%
2 109
-8%
1 514
-28%
1 393
-8%
1 213
-13%
1 028
-15%
795
-23%
702
-12%
616
-12%
728
+18%
931
+28%
1 233
+32%
1 362
+10%
1 346
-1%
1 155
-14%
992
-14%
877
-12%
788
-10%
550
-30%
903
+64%
1 225
+36%
(529)
N/A
667
N/A
115
-83%
1 293
+1 020%
100
-92%
822
+719%
678
-17%
1 141
+68%
636
-44%
1 326
+109%
Pre-Tax Income
Interest Income Expense
18
32
48
44
43
46
52
81
115
156
232
272
310
332
359
363
434
415
336
375
358
402
718
491
536
507
366
340
275
268
436
334
346
331
1 046
306
237
240
488
495
514
524
635
686
712
748
659
637
667
643
515
496
453
475
484
427
394
396
260
364
380
314
259
116
68
86
190
189
218
209
191
89
(165)
111
303
1 063
319
720
364
498
35
462
(112)
Non-Reccuring Items
0
0
(21)
(20)
(21)
(21)
(14)
(15)
(14)
(14)
(1)
1
2
(0)
2
1
(1)
0
7
0
0
0
350
0
565
565
5
0
434
434
374
0
0
0
17
0
0
0
1 069
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(749)
(749)
(746)
(745)
(100)
(101)
(106)
(116)
212
(74)
(706)
164
(303)
433
(15)
275
(40)
37
(132)
12
0
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
(0)
0
(0)
(0)
(0)
0
(0)
(0)
(0)
0
(0)
0
0
0
0
(0)
(0)
0
0
(0)
0
0
(0)
(0)
(0)
0
(0)
0
0
0
0
0
0
(1)
(0)
0
0
0
0
0
0
0
(0)
(0)
0
1
0
0
0
1
0
0
0
0
(0)
(0)
(0)
0
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
261
N/A
384
+47%
490
+28%
491
+0%
484
-2%
505
+4%
543
+7%
558
+3%
593
+6%
620
+5%
646
+4%
702
+9%
748
+6%
774
+4%
828
+7%
877
+6%
1 007
+15%
1 086
+8%
1 147
+6%
1 252
+9%
1 301
+4%
1 417
+9%
2 121
+50%
2 128
+0%
2 180
+2%
2 186
+0%
1 609
-26%
1 644
+2%
2 097
+28%
2 185
+4%
2 178
0%
2 209
+1%
1 871
-15%
1 804
-4%
2 687
+49%
2 569
-4%
2 531
-1%
2 690
+6%
3 313
+23%
3 858
+16%
4 026
+4%
3 944
-2%
3 256
-17%
2 758
-15%
2 598
-6%
2 769
+7%
2 794
+1%
2 790
0%
2 863
+3%
2 836
-1%
2 889
+2%
2 852
-1%
2 757
-3%
2 584
-6%
1 997
-23%
1 820
-9%
1 607
-12%
1 424
-11%
1 055
-26%
1 066
+1%
996
-7%
1 041
+5%
441
-58%
601
+36%
684
+14%
687
+1%
1 245
+81%
1 080
-13%
989
-8%
881
-11%
953
+8%
918
-4%
354
-61%
(255)
N/A
668
N/A
1 611
+141%
1 597
-1%
1 095
-31%
1 147
+5%
1 214
+6%
1 045
-14%
1 110
+6%
1 215
+9%
Net Income
Tax Provision
(35)
(62)
(83)
(70)
(72)
(70)
(63)
(52)
(68)
(79)
(90)
(122)
(130)
(136)
(153)
(170)
(227)
(230)
(257)
(274)
(259)
(294)
(469)
(459)
(471)
(459)
(288)
(306)
(314)
(350)
(348)
(359)
(375)
(353)
(581)
(554)
(527)
(564)
(641)
(520)
(531)
(504)
(501)
(418)
(417)
(451)
(397)
(423)
(449)
(429)
(462)
(447)
(411)
(403)
(404)
(376)
(353)
(317)
(233)
(208)
(192)
(197)
(244)
(332)
(328)
(368)
(285)
(217)
(225)
(180)
(192)
(230)
(356)
(253)
(297)
(375)
(263)
(245)
(275)
(290)
(270)
(244)
(289)
Income from Continuing Operations
226
322
407
421
412
435
480
507
525
542
556
580
618
638
675
708
780
856
890
978
1 042
1 124
1 653
1 669
1 710
1 728
1 321
1 337
1 782
1 834
1 830
1 850
1 496
1 451
2 107
2 015
2 004
2 126
2 672
3 338
3 495
3 440
2 756
2 340
2 181
2 318
2 396
2 367
2 414
2 408
2 426
2 406
2 346
2 181
1 593
1 445
1 254
1 107
822
858
804
844
197
269
356
320
961
863
764
701
761
687
(2)
(508)
371
1 236
1 334
850
872
924
775
866
925
Income to Minority Interest
(44)
(58)
(48)
(50)
(43)
(50)
(82)
(73)
(82)
(85)
(89)
(102)
(112)
(105)
(111)
(119)
(131)
(144)
(139)
(145)
(147)
(182)
(522)
(528)
(528)
(521)
(223)
(216)
(221)
(226)
(205)
(211)
(245)
(215)
(484)
(491)
(447)
(468)
(832)
(953)
(974)
(979)
(518)
(497)
(511)
(537)
(551)
(540)
(527)
(564)
(541)
(499)
(449)
(335)
(68)
(70)
(70)
(62)
(38)
(33)
(14)
(13)
(1)
12
4
1
(12)
(49)
(46)
(50)
(54)
(23)
(24)
2
6
15
12
1
(10)
(27)
(19)
(22)
(8)
Net Income (Common)
182
N/A
263
+44%
358
+36%
371
+4%
369
-1%
386
+5%
398
+3%
434
+9%
443
+2%
457
+3%
468
+2%
479
+2%
507
+6%
533
+5%
564
+6%
589
+4%
650
+10%
712
+10%
751
+5%
833
+11%
895
+8%
942
+5%
1 131
+20%
1 036
-8%
1 077
+4%
1 102
+2%
1 098
0%
1 122
+2%
1 562
+39%
1 609
+3%
1 625
+1%
1 638
+1%
1 251
-24%
1 236
-1%
1 623
+31%
1 524
-6%
1 557
+2%
1 658
+7%
1 841
+11%
2 385
+30%
2 521
+6%
2 461
-2%
2 237
-9%
1 844
-18%
1 669
-9%
1 781
+7%
1 846
+4%
1 828
-1%
1 887
+3%
1 843
-2%
1 885
+2%
1 906
+1%
1 897
0%
1 846
-3%
1 525
-17%
1 375
-10%
1 184
-14%
1 046
-12%
784
-25%
826
+5%
791
-4%
831
+5%
196
-76%
281
+43%
360
+28%
321
-11%
948
+195%
814
-14%
718
-12%
651
-9%
707
+9%
665
-6%
(26)
N/A
(506)
-1 847%
331
N/A
1 023
+209%
1 220
+19%
927
-24%
4 056
+338%
4 067
+0%
744
-82%
940
+26%
1 014
+8%
EPS (Diluted)
0.11
N/A
0.16
+45%
0.21
+31%
0.23
+10%
0.23
N/A
0.24
+4%
0.23
-4%
0.26
+13%
0.26
N/A
0.27
+4%
0.27
N/A
0.28
+4%
0.3
+7%
0.31
+3%
0.33
+6%
0.34
+3%
0.37
+9%
0.41
+11%
0.43
+5%
0.47
+9%
0.51
+9%
0.53
+4%
0.64
+21%
0.58
-9%
0.61
+5%
0.62
+2%
0.63
+2%
0.64
+2%
0.89
+39%
0.91
+2%
0.93
+2%
0.93
N/A
0.71
-24%
0.7
-1%
0.92
+31%
0.85
-8%
0.86
+1%
0.92
+7%
1.02
+11%
1.33
+30%
1.41
+6%
1.37
-3%
1.24
-9%
1.02
-18%
0.92
-10%
0.98
+7%
1.02
+4%
1
-2%
1.03
+3%
1.01
-2%
1.03
+2%
1.05
+2%
1.05
N/A
1.02
-3%
0.84
-18%
0.76
-10%
0.65
-14%
0.57
-12%
0.43
-25%
0.45
+5%
0.43
-4%
0.45
+5%
0.11
-76%
0.14
+27%
0.19
+36%
0.17
-11%
0.52
+206%
0.45
-13%
0.39
-13%
0.36
-8%
0.39
+8%
0.36
-8%
-0.02
N/A
-0.28
-1 300%
0.18
N/A
0.55
+206%
0.67
+22%
0.51
-24%
2.24
+339%
2.25
+0%
0.41
-82%
0.51
+24%
0.55
+8%

See Also

Summary
BN4 intrinsic value, competitors valuation, and company profile.
DCF Valuation
BN4 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
BN4 stock valuation using valuation multiples.
Wall Street Estimates
BN4 price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
BN4 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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