City Developments Ltd
SGX:C09

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City Developments Ltd
SGX:C09
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Price: 5.57 SGD -0.18% Market Closed
Market Cap: 5.1B SGD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one C09 stock under the Base Case scenario is 18 SGD. Compared to the current market price of 5.57 SGD, City Developments Ltd is Undervalued by 69%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

C09 Relative Value
Base Case
18 SGD
Undervaluation 69%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.5
P/S
P/S
Price to Sales
1.5
vs History
58
vs Industry
67
Median 3Y
1.4
Median 5Y
2.1
Industry
3.8
Forward
1.3
More Details
26.1
P/E
P/E
Price to Earnings
26.1
vs History
28
vs Industry
22
Median 3Y
17
Median 5Y
16.7
Industry
16.8
Forward
16.3
More Details
5.4
P/OCF
P/OCF
Price to OCF
5.4
vs History
46
vs Industry
55
Median 3Y
5.4
Median 5Y
5.4
Industry
11.2
More Details
2.4
P/FCFE
P/FCFE
Price to FCFE
2.4
vs History
66
vs Industry
46
Median 3Y
2.3
Median 5Y
2.9
Industry
13.3
More Details
0.5
P/B
P/B
Price to Book Value
0.5
vs History
76
vs Industry
66
Median 3Y
0.6
Median 5Y
0.7
Industry
0.9
More Details
3.4
EV/S
EV/S
Enterprise Value to Sales
3.4
vs History
55
vs Industry
57
Median 3Y
3.3
Median 5Y
3.7
Industry
6.7
Forward
2.9
More Details
7.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
7.7
vs History
76
vs Industry
57
Median 3Y
8.1
Median 5Y
9.8
Industry
12.3
More Details
13.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
13.4
vs History
57
vs Industry
47
Median 3Y
15
Median 5Y
14.9
Industry
16
Forward
10.4
More Details
20
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
20
vs History
57
vs Industry
37
Median 3Y
21.4
Median 5Y
21.3
Industry
19.3
Forward
13
More Details
12
EV/OCF
EV/OCF
Enterprise Value to OCF
12
vs History
46
vs Industry
46
Median 3Y
12.4
Median 5Y
11.9
Industry
18.6
More Details
15.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
15.1
vs History
49
vs Industry
36
Median 3Y
17.6
Median 5Y
14.9
Industry
20.2
More Details
0.5
EV/IC
EV/IC
Enterprise Value to IC
0.5
vs History
80
vs Industry
60
Median 3Y
0.6
Median 5Y
0.6
Industry
0.8
More Details

Multiples Across Competitors

C09 Competitors Multiples
City Developments Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
SG
City Developments Ltd
SGX:C09
5B SGD 1.5 26.1 13.4 20
HK
ESR Cayman Ltd
HKEX:1821
2.5T HKD 505.3 -444 -4 210.7 -2 557.2
HK
Sun Hung Kai Properties Ltd
HKEX:16
262.4B HKD 3.1 15.1 12.4 12.4
JP
Mitsui Fudosan Co Ltd
TSE:8801
3.8T JPY 1.4 15.2 14.2 19.6
IN
DLF Ltd
NSE:DLF
2.1T INR 25.8 47.2 95.1 102.4
JP
Mitsubishi Estate Co Ltd
TSE:8802
3.4T JPY 2.1 17.8 12.5 16.5
JP
Daiwa House Industry Co Ltd
TSE:1925
3T JPY 0.6 9.3 7 8.7
JP
Sumitomo Realty & Development Co Ltd
TSE:8830
2.6T JPY 2.6 13.6 17.5 22.3
VN
Vingroup JSC
VN:VIC
415.2T VND 1.7 37.9 18.8 86
HK
Swire Pacific Ltd
HKEX:19
95.7B HKD 1.2 22.1 10.9 15.3
HK
Wharf Holdings Ltd
HKEX:4
69.8B HKD 5.8 -21.7 11.6 13.1
P/E Multiple
Earnings Growth PEG
SG
City Developments Ltd
SGX:C09
Average P/E: 22.7
26.1
36%
0.7
HK
E
ESR Cayman Ltd
HKEX:1821
Negative Multiple: -444 N/A N/A
HK
Sun Hung Kai Properties Ltd
HKEX:16
15.1
10%
1.5
JP
Mitsui Fudosan Co Ltd
TSE:8801
15.2
N/A N/A
IN
DLF Ltd
NSE:DLF
47.2
16%
3
JP
Mitsubishi Estate Co Ltd
TSE:8802
17.8
N/A N/A
JP
Daiwa House Industry Co Ltd
TSE:1925
9.3
N/A N/A
JP
Sumitomo Realty & Development Co Ltd
TSE:8830
13.6
N/A N/A
VN
V
Vingroup JSC
VN:VIC
37.9
-49%
N/A
HK
Swire Pacific Ltd
HKEX:19
22.1
47%
0.5
HK
W
Wharf Holdings Ltd
HKEX:4
Negative Multiple: -21.7 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SG
City Developments Ltd
SGX:C09
Average EV/EBITDA: 21.3
13.4
17%
0.8
HK
E
ESR Cayman Ltd
HKEX:1821
Negative Multiple: -4 210.7 N/A N/A
HK
Sun Hung Kai Properties Ltd
HKEX:16
12.4
3%
4.1
JP
Mitsui Fudosan Co Ltd
TSE:8801
14.2
5%
2.8
IN
DLF Ltd
NSE:DLF
95.1
35%
2.7
JP
Mitsubishi Estate Co Ltd
TSE:8802
12.5
5%
2.5
JP
Daiwa House Industry Co Ltd
TSE:1925
7
2%
3.5
JP
Sumitomo Realty & Development Co Ltd
TSE:8830
17.5
6%
2.9
VN
V
Vingroup JSC
VN:VIC
18.8
43%
0.4
HK
Swire Pacific Ltd
HKEX:19
10.9
9%
1.2
HK
W
Wharf Holdings Ltd
HKEX:4
11.6
2%
5.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SG
City Developments Ltd
SGX:C09
Average EV/EBIT: 31.6
20
23%
0.9
HK
E
ESR Cayman Ltd
HKEX:1821
Negative Multiple: -2 557.2 N/A N/A
HK
Sun Hung Kai Properties Ltd
HKEX:16
12.4
5%
2.5
JP
Mitsui Fudosan Co Ltd
TSE:8801
19.6
N/A N/A
IN
DLF Ltd
NSE:DLF
102.4
35%
2.9
JP
Mitsubishi Estate Co Ltd
TSE:8802
16.5
N/A N/A
JP
Daiwa House Industry Co Ltd
TSE:1925
8.7
N/A N/A
JP
Sumitomo Realty & Development Co Ltd
TSE:8830
22.3
N/A N/A
VN
V
Vingroup JSC
VN:VIC
86
N/A N/A
HK
Swire Pacific Ltd
HKEX:19
15.3
12%
1.3
HK
W
Wharf Holdings Ltd
HKEX:4
13.1
6%
2.2

See Also

Summary
C09 intrinsic value, competitors valuation, and company profile.
DCF Valuation
C09 stock valuation using Discount Cash Flow valuation method.
Relative Valuation
C09 stock valuation using valuation multiples.
Wall Street Estimates
C09 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
C09 stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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