JARDINE CYCLE & CARRIAGE Announces Q2 2023 Earnings Results
August 22, 2023
🌥️Earnings Overview
JARDINE CYCLE & CARRIAGE ($SGX:C07) reported total revenue of USD 11685.6 million for the fiscal year 2023’s second quarter, ending on June 30 2023. This figure represents an increase of 9.4% from the same time period in the previous year. Moreover, net income for the quarter was USD 648.3 million, representing an impressive 33.0% jump from that of the same period one year before.
Share Price
JARDINE CYCLE & CARRIAGE announced their earnings results for the second quarter of 2023 on Friday. The stock opened at SG$33.4 and closed at SG$34.0, a rise of 1.2% from the previous closing price of SG$33.6. This reflects an increase in investor confidence in the company’s ability to generate healthy profits and deliver on its goals. The company’s performance in Q2 was marked by strong performance across its various businesses, which include printing and packaging, transportation, property, engineering, and consumer goods. This was driven by higher sales of property-related products and services as well as stronger sales of their consumer goods.
The company also announced plans to expand its presence in the region through acquisitions and organic growth. It is currently undertaking a number of initiatives to increase its market share, including plans to open new retail outlets and expand its distribution network. Looking ahead, the company expects to continue to generate solid profits and deliver value for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for C07. More…
| Total Revenues | Net Income | Net Margin |
| 22.8k | 900.6 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for C07. More…
| Operations | Investing | Financing |
| 2.91k | -1.63k | -2.38k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for C07. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 31.02k | 14.05k | 19.55 |
Key Ratios Snapshot
Some of the financial key ratios for C07 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 11.0% | 15.5% |
| FCF Margin | ROE | ROA |
| 6.9% | 29.7% | 7.1% |
Analysis
We at GoodWhale recently conducted an analysis of JARDINE CYCLE & CARRIAGE’s wellbeing. According to our Risk Rating, JARDINE CYCLE & CARRIAGE is a medium risk investment in terms of financial and business aspects. We have, however, detected two risk warnings in their income sheet and balance sheet. To view this information in greater detail, we recommend that you become a registered user with GoodWhale. As a registered user, you will be able to access more information about JARDINE CYCLE & CARRIAGE’s financial and business wellbeing. Thank you for considering GoodWhale for your investment research needs. More…
Peers
It is a public-listed company in Singapore and is one of the largest listed companies in Southeast Asia. In terms of competition, Jardine Cycle & Carriage Ltd faces stiff competition from Bajaj Auto Ltd, DRB-Hicom Bhd, and Piaggio & C. SpA, all of which are significant players in the automotive industry.
– Bajaj Auto Ltd ($BSE:532977)
Bajaj Auto Ltd is a leading Indian manufacturer and exporter of motorcycles, scooters and three-wheelers. It has a market capitalization of 1.03T as of 2023, making it one of the most valuable companies in India. It has also delivered an impressive return on equity of 16.81%, indicating that the company has been able to generate significant profits from its investments. Bajaj Auto is committed to providing quality products and services to its customers while maintaining its competitive edge in the market. The company has consistently strived to improve its operational efficiency and increase its profitability to create long-term value for its shareholders.
– DRB-Hicom Bhd ($KLSE:1619)
DRB-Hicom Bhd is a diversified conglomerate in Malaysia. With a market cap of 3.15B as of 2023, DRB-Hicom is the largest automotive group in the country and is involved in many industries such as automotive, defence and commercial vehicle assembly, banking, insurance, leasing, property, and hospitality. The company’s Return on Equity (ROE) of 8.64% indicates that it is able to generate profits from its investments in various businesses. DRB-Hicom also has strong financial position and liquid assets that enable it to invest in new business opportunities and sustain its operations in turbulent economic times.
– Piaggio & C. SpA ($OTCPK:PIAGF)
Piaggio & C. SpA is an Italian global manufacturer of motorcycles and scooters, commercial vehicles and light transport vehicles, and aerospace technology. Founded in 1884, the company has grown to become one of the world’s largest producers of two-wheeled motor vehicles. As of 2023, Piaggio & C. SpA has a market cap of 1.12 billion, reflecting the company’s strong financial position and growth potential. The company’s Return on Equity of 21.91% is also indicative of its efficiency in managing shareholder funds and generating profits for investors.
Summary
JARDINE CYCLE & CARRIAGE has posted strong financial results for the quarter ending June 30th 2023. Total revenue for the quarter was up 9.4% to USD 11685.6 million compared to the same quarter in the previous year, while net income grew 33.0% to USD 648.3 million. This suggests investors may find value investing in JARDINE CYCLE & CARRIAGE as the company is continuing to increase its profitability. The overall outlook for the company remains positive, and investors should consider adding JARDINE CYCLE & CARRIAGE to their portfolios.
