May 17, 2012 -- Updated March 02, 2011 14:02 HKT
ComfortDelGro Corp Ltd a Strong Buy
Shayne Heffernan has issued a strong buy on ComfortDelGro Corp Ltd in Singapore with a 2012 price target of $2.80.
Good dividends and in a strong sector, ComfortDelGro is set to outperform in 2011-2012.
ComfortDelGro Corporation Limited announced that the Directors have proposed a cash; tax-exempt (one-tier) final dividend of SGD0.028 per ordinary share. The proposed final dividend, if approved by the Shareholders at the Eighth Annual General Meeting of the Company to be held on April 27, 2011, will be payable on May 16, 2011.
ComfortDelGro Corp Ltd is a Singapore-based investment holding and management services company.
The Company’s subsidiaries are engaged in provision of public bus and rail services; investment holding, and provision of motor vehicle evaluation and other related services; provision of public taxi services through the rental of taxis to hirers, and provision of charter bus services, rental of buses to hirers and other related services.
It operates in eight segments: bus, bus station, rail, taxi, automotive engineering services, vehicle inspection and testing, car rental and leasing, and driving center.
The Company’s subsidiaries include SBS Transit Ltd, VICOM Ltd, Braddell Limited, CityCab Pte Ltd, CityFleet (UK) Pte Ltd and ComfortDelGro Bus Pte Ltd. In May 2010, the Company struck-off its dormant wholly owned subsidiaries, F.E. Thorpe & Sons Limited, Armchair Passenger Transport Company Limited and Metroline London Northern Limited.
Valuation Ratios
| Company | Industry | Sector | S&P 500 | |
|---|---|---|---|---|
| P/E Ratio (TTM) | 14.09 | 0.02 | 13.28 | 18.04 |
| P/E High – Last 5 Yrs. | 17.09 | 97.09 | 70.31 | 90.75 |
| P/E Low – Last 5 Yrs. | 13.64 | 15.53 | 14.37 | 12.25 |
| Beta | 0.54 | 0.36 | 1.15 | 1.32 |
| Price to Sales (TTM) | 1.00 | 0.00 | 1.25 | 2.25 |
| Price to Book (MRQ) | 1.79 | 1.42 | 1.22 | 2.92 |
| Price to Tangible Book (MRQ) | 2.54 | 1.55 | 1.53 | 4.92 |
| Price to Cash Flow (TTM) | 5.56 | 0.01 | 9.18 | 70.99 |
| Price to Free Cash Flow (TTM) | – | 36.53 | 31.43 | 19.06 |
| % Owned Institutions | – | – | – | – |
Dividends
| Company | Industry | Sector | S&P 500 | |
|---|---|---|---|---|
| Dividend Yield | 3.57 | 1.49 | 1.32 | 1.57 |
| Dividend Yield – 5 Year Avg. | 3.71 | 1.06 | 1.21 | 2.49 |
| Dividend 5 Year Growth Rate | -7.22 | 7.68 | 8.52 | -5.41 |
| Payout Ratio(TTM) | 50.28 | 0.04 | 16.99 | 36.49 |
Growth Rates
| Company | Industry | Sector | S&P 500 | |
|---|---|---|---|---|
| Sales (MRQ) vs Qtr. 1 Yr. Ago | 4.15 | 0.89 | 11.67 | 10.25 |
| Sales (TTM) vs TTM 1 Yr. Ago | 5.08 | 0.01 | 6.98 | 10.34 |
| Sales – 5 Yr. Growth Rate | 5.12 | 0.18 | 6.40 | 7.29 |
| EPS (MRQ) vs Qtr. 1 Yr. Ago | 0.62 | 812.42 | 134.96 | 79.11 |
| EPS (TTM) vs TTM 1 Yr. Ago | 4.06 | – | – | – |
| EPS – 5 Yr. Growth Rate | 2.26 | -3.00 | 9.08 | 4.17 |
| Capital Spending – 5 Yr. Growth Rate | 5.65 | 8.34 | 14.70 | 3.29 |
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