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City Developments Limited (C70) Fair Value & Analysis

Other · SG · Market cap 927M SGD

CD City Developments Limited C70 · SG
Price1.01 SGD
Fair Value0.7993 SGD
Upside-21.2%
Quality50/100
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Evidence: Medium Range 0.6275 SGD – 1.04 SGD

Fair value as of: Jul 4, 2026

From 14 valuation models · updated today

Share price −0.6% over the past month.

Price vs Fair Value (12 months)

1.04 SGD 0.9762 SGD Fair Value 0.7993 SGD Jul 2025 Jul 2026

12‑month range 0.9762 SGD – 1.04 SGD · fair‑value band 0.6275 SGD – 1.04 SGD · the 1.01 SGD price screens above the 0.7993 SGD fair value. As of Jul 4, 2026.

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Analysis

City Developments Limited (C70) currently trades at 1.01 SGD, while our model-based Fair Value estimate is 0.7993 SGD — implying the stock looks roughly 21.2% overvalued today. We read business quality at 50/100 (solid quality), in the Other sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Net debt stands at 11.4B SGD. The stock trades on a trailing P/E of 1.8. Fundamentals as of Jul 4, 2026

Key figures & financial health

Return on equity -2,029%
Free cash flow −2.4B SGD FY2025
P/E ratio 1.8
Dividend yield 8.0%
Net debt 11.4B SGD FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

City Developments Limited (CDL) is a Singapore-listed international real estate operating company with a global presence spanning 97 locations in 26 countries. As one of Singapore's largest companies by market capitalisation, its income-stable and geographically-diversified portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls, totalling over 18 million square feet of floor area globally. CDL has hotel assets in one of the world's largest hotel groups ? its London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), has over 130 hotels globally, many in key gateway cities. Globally, CDL has developed over 40,000 homes and is one of Singapore's largest commercial landlords, with one of the biggest landbanks amongst Singapore private-sector developers. Building on its track record of over 50 years in real estate development, investment and management, CDL has developed growth platforms in five key international markets …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

City Developments Limited reported revenue of 3.6B SGD in FY2025 versus 2.6B SGD in FY2021, a compound +8.1%/yr. Reported net income was 630M SGD in FY2025, compounding +65.1%/yr from FY2021.

Revenue +8.1%/yr
FY21 2.6B SGD
FY22 3.3B SGD
FY23 4.9B SGD
FY24 3.3B SGD
FY25 3.6B SGD
Net income +65.1%/yr
FY21 84.7M SGD
FY22 1.3B SGD
FY23 317M SGD
FY24 201M SGD
FY25 630M SGD

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Frequently asked questions

Is City Developments Limited (C70) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.7993 SGD versus a price of 1.01 SGD — about −21% (overvalued). Model-based estimate, not financial advice.
What is the fair value of C70?
Our model-based fair value for City Developments Limited is 0.7993 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 1.01 SGD.
What is the quality score of C70?
City Developments Limited has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of C70?
The net profit margin of City Developments Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does City Developments Limited pay a dividend?
City Developments Limited currently shows a dividend yield of about 7.98% relative to its recent price (as of Jul 4, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.