JARDINE CYCLE & CARRIAGE Reports Q2 FY2023 Financial Results on July 28th, 2023
August 8, 2023
🌥️Earnings Overview
On July 28th, 2023, JARDINE CYCLE & CARRIAGE ($SGX:C07) revealed their financials for the second quarter of FY2023, ending June 30th, 2023. Total revenue for the quarter experienced a 9.4% growth when compared to the same quarter in FY2022, amounting to USD 11685.6 million. Net income saw an impressive 33.0% year-over-year rise, reaching USD 648.3 million.
Share Price
On Friday, July 28th, 2023, JARDINE CYCLE & CARRIAGE reported its financial results for the second quarter of FY2023. The stock opened at SG$33.4 and closed at SG$34.0, representing a 1.2% increase from its previous closing price of 33.6. This growth was driven by higher contributions from the group’s Automotive business as well as from its Property business. Going forward, JARDINE CYCLE & CARRIAGE will continue to focus on improving operational efficiencies and increasing profitability across all of its businesses. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for C07. More…
| Total Revenues | Net Income | Net Margin |
| 22.8k | 900.6 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for C07. More…
| Operations | Investing | Financing |
| 2.91k | -1.63k | -2.38k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for C07. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 31.02k | 14.05k | 19.55 |
Key Ratios Snapshot
Some of the financial key ratios for C07 are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 11.0% | 15.5% |
| FCF Margin | ROE | ROA |
| 6.9% | 29.7% | 7.1% |
Analysis
At GoodWhale, we have conducted an analysis of JARDINE CYCLE & CARRIAGE’s fundamentals and have determined that it is a medium risk investment. This rating was based on our analysis of the financial and business elements associated with the company. Upon further investigation, we have identified two risk warnings in the income sheet and balance sheet that warrant attention. To gain access to this information, register with us on GoodWhale for a more in-depth look into JARDINE CYCLE & CARRIAGE’s risk profile. More…
Peers
It is a public-listed company in Singapore and is one of the largest listed companies in Southeast Asia. In terms of competition, Jardine Cycle & Carriage Ltd faces stiff competition from Bajaj Auto Ltd, DRB-Hicom Bhd, and Piaggio & C. SpA, all of which are significant players in the automotive industry.
– Bajaj Auto Ltd ($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
Investors in JARDINE CYCLE & CARRIAGE are likely to be pleased with the company’s latest financial results. For the second quarter of Fiscal Year 2023 ending June 30th, 2023, total revenue was up 9.4% to USD 11685.6 million and net income was up 33.0% to USD 648.3 million, year-over-year. These impressive figures demonstrate that the company is making significant progress despite challenging market conditions. Looking ahead, investors may be keen to track the company’s performance in terms of revenue and profitability growth.
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