City Developments Ltd
XMUN:CDE

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City Developments Ltd
XMUN:CDE
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Price: 5.6 EUR
Market Cap: €5.1B

EV/EBITDA

11
Current
25%
Cheaper
vs 3-y median of 14.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11
=
Enterprise Value
€15.2B
/
EBITDA
S$1.3B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
11
=
Enterprise Value
€15.2B
/
EBITDA
S$1.3B

Valuation Scenarios

City Developments Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (14.8), the stock would be worth €7.5 (34% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-18%
Maximum Upside
+57%
Average Upside
27%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 11 €5.6
0%
3-Year Average 14.8 €7.5
+34%
5-Year Average 14.8 €7.51
+34%
Industry Average 17.3 €8.81
+57%
Country Average 9.1 €4.61
-18%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€15.2B
/
Jan 2026
S$1.3B
=
11
Current
€15.2B
/
Dec 2026
S$1.2B
=
12.7
Forward
€15.2B
/
Dec 2027
S$1.3B
=
11.3
Forward
€15.2B
/
Dec 2028
S$1.3B
=
11.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close

Market Distribution

In line with most companies in Singapore
Percentile
43nd
Based on 540 companies
43nd percentile
7.4
Low
0 — 5.3
Typical Range
5.3 — 17.7
High
17.7 —
Distribution Statistics
Singapore
Min 0
30th Percentile 5.3
Median 9.1
70th Percentile 17.7
Max 4 149.6

City Developments Ltd
Glance View

Market Cap
5.1B EUR
Industry
Real Estate

City Developments Ltd (CDL) stands as a testament to modern urbanization, weaving a tapestry of innovative real estate across the globe. Founded in 1963 and headquartered in Singapore, CDL began its journey amidst the burgeoning metropolis with a vision for dynamic urban transformation. Over the decades, it has evolved into one of the world's leading real estate companies, with a portfolio spanning residential, commercial, and hospitality ventures. At the core of its operations is a robust model of developing, owning, and managing a diverse array of properties. This approach allows CDL to maintain a steady flow of revenue through strategic asset accumulation and optimized property management. CDL's financial prowess is further amplified through its innovative ventures in green building and sustainability, setting benchmarks in eco-friendly real estate development. By integrating sustainable practices into its projects, CDL not only aligns with global environmental standards but also enhances its brand value and market appeal. The company leverages its extensive international network to diversify its assets, investing in key global markets across Asia, Europe, and North America. Through its residential developments, commercial leases, and hotel operations, it generates a continuous stream of income, balancing its portfolio between stable long-term leases and dynamic property sales. Thus, City Developments Ltd charts a course of sustainable growth and resilient profitability, navigating the complexities of the global real estate landscape with strategic acumen and a commitment to excellence.

CDE Intrinsic Value
15.16 EUR
Undervaluation 63%
Intrinsic Value
Price
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