Jardine Cycle & Carriage Ltd. (C07) Fair Value & Analysis

Industrials · SG · Market cap 10.8B SGD

A solid business, screening 92% undervalued on our models.

What matters now

• The price is below even our cautious bear case (39.76 SGD). The market is more pessimistic than our downside scenario.
• Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 15.20 SGD – 34.82 SGD · fair‑value band 39.76 SGD – 66.27 SGD · the 27.65 SGD price screens below the 53.02 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jardine Cycle & Carriage Ltd. (C07) currently trades at 27.65 SGD, while our model-based Fair Value estimate is 53.02 SGD, implying the stock looks roughly 91.8% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Jardine Cycle & Carriage Ltd. generated revenue of 21.4B SGD at a net margin of 4.7%. Revenue declined 8.9% year over year. It earns a return on equity of 12.9%. Net debt stands at 3.9B SGD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 39.76 SGD (bear case) to 66.27 SGD (bull case); at 27.65 SGD, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at 92%, C07 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF (74.97 SGD) versus Asset-Based (14.57 SGD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Jardine Cycle & Carriage Limited, an investment holding company, provides the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia.

Full company description

Jardine Cycle & Carriage Limited, an investment holding company, provides the financial services, heavy equipment, mining, construction and energy, agribusiness, infrastructure and logistics, information technology, and property businesses in Indonesia, Singapore, and Malaysia. It manufactures, assembles, distributes, and retails motor vehicles, motorcycles and scooters; and provides aftersales services; manufactures and distributes automotive components. The company offers financial services, such as consumer finance for motorcycles and vehicles, anautomotive and heavy equipment financing, as well as insurance, fintech services, such as AstraPay, and digital banking services. It also manufactures, assembles, distributes, and owns dealership networks for Toyota, Daihatsu, Isuzu, and UD Trucks, as well as Honda motorcycles; and manufactures and retails BMW vehicles, and owns the Lexus cars dealership. In addition, the company distributes Komatsu, UD Trucks, SCANIA, Bomag, and Tadano heavy equipment; and invest in gold and nickel non-coal mineral mining sector and renewable energy, as well as owns mines and thermal power assets. Further, it plants, harvests, and processes palm oil; develops and manages toll roads; provides printing and digital services solutions. The company also distributes FUJIFILM business products, as well as developing office buildings and residential projects. It is involved in renting and leasing private cars without operator; coal mining contractor; provision of document, information and communication technology solutions. The company was formerly known as Cycle & Carriage Ltd. and changed its name to Jardine Cycle & Carriage Limited in 2004. Jardine Cycle & Carriage Limited was founded in 1899 and is based in Singapore. Jardine Cycle & Carriage Limited operates as a subsidiary of Jardine Strategic Singapore Pte Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jardine Cycle & Carriage Ltd. reported revenue of 21.4B SGD in FY2025 versus 17.7B SGD in FY2021, a compound +4.8%/yr. Reported net income was 998M SGD in FY2025, compounding +10.9%/yr from FY2021.

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Peer Group

Conglomerates · 383 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Conglomerates median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.