- ComfortDelGro reported a first-half net income of S$106.0 million, marking an 11% increase year-over-year.
- Total revenue for the first half reached S$2.42 billion, reflecting a 14% increase compared to the previous year.
- The company’s EBITDA for the same period was S$364.9 million.
- Staff costs rose by 13% year-over-year, totaling S$1.10 billion.
- An interim dividend of S$0.0391 per share has been declared.
- Public Transport revenue amounted to S$1.57 billion.
- Taxi and Private Hire Vehicle (PHV) revenue was reported at S$519.7 million.
- Revenue from Other Private Transport reached S$214.5 million.
- Inspection and Testing Services generated revenue of S$68.6 million.
- The company anticipates an increase in Singapore Public Transport rail revenue due to steady ridership growth.
- London public bus contract renewals are expected to continue at improved margins.
- ComfortDelGro is bidding as part of a consortium to operate and maintain Melbourne metro lines starting in 2027.
- The Taxi and Private Hire segment’s premium and large B2B business segments are projected to remain stable.
- Revenues from Inspection and Testing Services are expected to stay elevated.
- The company does not have direct exposure to newly introduced trade tariffs.
- There are 9 buy recommendations for ComfortDelGro, with no current hold or sell recommendations.
A look at Comfortdelgro Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ComfortDelGro Corporation Limited, a company offering a diverse range of transportation and automotive services, has received commendable Smartkarma Smart Scores across various key factors. With a solid score of 4 in both Dividend and Growth categories, ComfortDelGro demonstrates a strong commitment to rewarding its investors while positioning itself for sustainable expansion. Additionally, the company garners a score of 3 in Value, indicating a fair valuation relative to its industry peers. This, coupled with a resilience score of 3, reflects ComfortDelGro’s capacity to weather challenges and maintain stability in its operations. Although Momentum also receives a score of 3, the overall outlook for ComfortDelGro appears optimistic based on its robust performance across multiple facets.
ComfortDelGro Corp’s Smartkarma Smart Scores paint a promising long-term perspective for the company, showcasing its strengths in dividend distribution, growth potential, resilience, and relative value. Through its provision of bus, taxi, car leasing and rental services, as well as automotive engineering and maintenance offerings, ComfortDelGro has established itself as a key player in the transportation and automotive sectors. Furthermore, its diversified revenue streams, including investment trading and vehicle inspection services, add to the company’s overall stability. As ComfortDelGro continues to navigate the ever-evolving market landscape, its current Smart Scores suggest a favorable outlook for sustained growth and investor returns in the foreseeable future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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