City Developments Stock Fair Value Calculation – City Developments Limited Offers Guidance for 2023 Earnings

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City Developments ($SGX:C09) Limited (CDL) has recently issued its earnings guidance for the year ending December 31, 2023. CDL is a Singapore-based real estate company with a diversified portfolio of residential, office, retail, hospitality, industrial and special-use properties. The company also has investments in other sectors, such as hospitality, infrastructure and logistics. This marks a significant improvement over the previous year’s performance. The company has also announced that it will be undertaking a number of initiatives in order to increase shareholder value.

This includes expanding its portfolio of properties, investing in new technologies, and growing its presence in the global markets. The guidance also suggests that the company is expecting to benefit from strong rental income and capital appreciation in the upcoming year. Overall, City Developments Limited’s guidance for the 2023 fiscal year indicates that the company is expecting to deliver strong results in the coming year.

Earnings

According to the report, the company achieved total revenue of 1192.19M SGD but lost 32.09M SGD in net income. Compared to the same period the previous year, this represented a 19.0% decrease in total revenue and a 102.8% decrease in net income. Over the course of the last three years, total revenue has risen from 1192.19M SGD to 2703.7M SGD.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for City Developments. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for City Developments. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for City Developments. More…

Key Ratios Snapshot

Some of the financial key ratios for City Developments are shown below. More…

Share Price

On Thursday, City Developments Limited (CDL) stock opened at SG$6.4 and closed at the same price, up by 0.8% from its previous closing price. This news comes as CDL has offered guidance on their expected earnings for 2023. CDL is expected to show a steady growth in revenue and earnings as they continue to develop their portfolio of property projects across Singapore and the Asia-Pacific region.

The company is also investing in renewable energy and green technology to ensure their buildings are sustainable and energy efficient. As CDL continues to expand its investments across multiple sectors, they are confident that their earnings for 2023 will be strong. Live Quote…

Analysis – City Developments Stock Fair Value Calculation

GoodWhale has recently conducted a financial analysis of CITY DEVELOPMENTS, and based on our proprietary Valuation Line, we have concluded that the fair value of CITY DEVELOPMENTS share is around SG$10.4. Surprisingly, the stock is currently traded at SG$6.4, which is significantly below its fair value. This means that CITY DEVELOPMENTS stocks are undervalued by 38.5%, presenting a great opportunity for investors to enter the market and benefit from the potential upside. More…

Peers

The company is engaged in the development, ownership, and management of properties in Singapore and around the world. City Developments is one of Singapore’s largest property developers by market capitalization, and it is also one of the country’s oldest property developers, with a history dating back to 1963. The company’s portfolio includes residential, commercial, retail, hospitality, and industrial properties. City Developments’ competitors include Redsun Properties Group Limited, Leading Holdings Group Limited, and UOL Group Limited.

– Redsun Properties Group Ltd ($SEHK:01996)

Redsun Properties Group Ltd is a leading property development company in Hong Kong with a market cap of 1.37B as of 2022. The company has a strong focus on developing high quality residential, commercial and mixed-use projects. It has a proven track record in delivering quality projects on time and on budget. The company’s return on equity (ROE) is 11.22%.

– Leading Holdings Group Ltd ($SEHK:06999)

Leading Holdings Group Ltd is a Chinese conglomerate with a market cap of 248.52M as of 2022. The company has a Return on Equity of 10.6%. Leading Holdings Group Ltd is involved in a variety of businesses, including real estate, construction, and hospitality. The company has a strong presence in China and is expanding its operations into other countries.

– UOL Group Ltd ($SGX:U14)

UOL Group Ltd is a real estate investment holding company based in Singapore. The Company’s businesses include property development and investment, hotel ownership and management, and the provision of management services. The Company’s segments include Property development, Property investment, Hotel ownership and management, and Others.

The Company’s property development business includes the development of residential, commercial, and industrial properties. The Company’s property investment business includes the investment in income-producing real estate assets, such as office buildings, shopping malls, serviced apartments, and hotels. The Company’s hotel ownership and management business includes the ownership and management of a portfolio of hotels in Singapore, Vietnam, and Australia. The Company’s other businesses include the provision of management services.

Summary

City Developments Limited (CDL) recently released its earning guidance for the full year ending December 31, 2023. CDL’s solid financial standing and long-term strategy of focusing on high-end properties in Singapore and abroad make it an attractive investment option for those looking for a safe and profitable return. Furthermore, CDL’s proactive approach to diversifying its portfolio across different countries and sectors can help provide a more balanced risk-return profile for investors.