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City Developments Limited (C09.SI)

SGD7.74 +0.07 (+0.91%)
SG SES Real Estate Real Estate - Development
Address 9 Raffles Place 48619
Singapore, SG
CEO Eik Tse Kwek
Website cdl.com.sg
IPO 2000-01-03
ISIN SG1R89002252

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Also trades on Other OTC · CDEVF (USD) Other OTC · CDEVY (USD) Stock Exchange of Singapore · C09.SI (SGD)
Description

City Developments Limited (CDL) is a leading global real estate company with a network spanning 168 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically diverse portfolio comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments. With a proven track record of over 60 years in real estate development, investment and management, the Group has developed over 53,000 homes and owns around 23 million square feet of gross floor area in residential for lease, commercial and hospitality assets globally. Along with its wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C), the Group has over 160 hotels worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is actively pursuing its fund management growth strategy to further leverage its strengths.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
SGD7.74 +0.07 (+0.91%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.44
Float Shares
454.59M
Free Float %
50.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.51% +4.00% +5.15% -12.63% +18.67% +7.25% +77.27% +26.18% +11.86% +3.75% +900.50%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7.74
Ratings Trend (MoM) 73% Bullish
Rating 2026-05 Change
Strong Buy 3 +1
Buy 8 +1
Hold 1 -1
Sell 2 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.17
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Development: +9.7%
    +10.3% Q4'25: -14.8% (vs Q4'23)
  • EPS growth Real Estate - Development: +20.5%
    +240.0% Q4'25: -38.9% (vs Q4'23)
  • FCF margin FCF growth · Real Estate - Development: +16.2%
    -39.9% Q4'25: -66.4% (vs Q4'23)
  • EBIT margin Real Estate - Development: +19.8%
    +35.2% Q4'25: +45.2% (vs Q4'23)
  • ROIC Real Estate - Development: +3.2%
    +4.6% Q4'25: +12.9% (vs Q4'23)
  • Share dilution Real Estate - Development: +0.0%
    +3.5% Q4'25: -2.6% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Development: 1.93×
    9.41× Q4'25: 3.62× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.42) × ERP
WACC = 35% × Ke + 65% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 7.74
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
12 Rev. Ana.
8 EPS Ana.
Dec 2027
12 Rev. Ana.
8 EPS Ana.
Dec 2028
8 Rev. Ana.
7 EPS Ana.
Revenue
3.30B
est: 3.47B (-4.7%)
3.91B
est: 3.76B (+3.9%)
3.83B
est: 3.71B (+3.1%)
4.22B
est: 4.12B (+2.4%)
3.43B
est: 3.54B (-3.0%)
2.11B
est: 2.34B (-10.0%)
2.63B
est: 2.63B (-0.3%)
3.29B
est: 3.07B (+7.4%)
4.94B
est: 3.80B (+30.0%)
3.27B
est: 3.76B (-13.0%)
3.61B
est: 3.49B (+3.5%)
3.99B
3.14B – 4.83B
+14.3% YoY
4.56B
3.15B – 6.62B
+14.5% YoY
4.16B
4.13B – 4.18B
-9.0% YoY
EBITDA
993.22M
est: 482.04M (+106.0%)
1.02B
est: 522.75M (+95.5%)
963.18M
est: 516.12M (+86.6%)
1.17B
est: 573.05M (+105.0%)
1.21B
est: 491.60M (+146.7%)
-330.63M
est: 325.65M (-201.5%)
439.48M
est: 366.05M (+20.1%)
433.47M
est: 426.33M (+1.7%)
918.49M
est: 975.95M (-5.9%)
1.20B
est: 965.47M (+24.3%)
1.56B
est: 895.49M (+74.1%)
1.02B
805.68M – 1.24B
+14.3% YoY
1.17B
809.47M – 1.70B
+14.5% YoY
1.07B
1.06B – 1.07B
-9.0% YoY
EBIT
1.10B
est: 159.65M (+587.4%)
803.75M
est: 173.13M (+364.2%)
751.83M
est: 170.94M (+339.8%)
959.79M
est: 189.79M (+405.7%)
937.01M
est: 162.81M (+475.5%)
-617.76M
est: 107.85M (-672.8%)
154.47M
est: 121.23M (+27.4%)
157.04M
est: 141.20M (+11.2%)
664.41M
est: 665.13M (-0.1%)
923.14M
est: 657.98M (+40.3%)
1.27B
est: 610.29M (+108.0%)
697.83M
549.09M – 845.41M
+14.3% YoY
798.90M
551.66M – 1.16B
+14.5% YoY
727.33M
723.74M – 730.92M
-9.0% YoY
Net Income
773.37M
est: 526.91M (+46.8%)
653.22M
est: 566.54M (+15.3%)
522.18M
est: 521.61M (+0.1%)
557.33M
est: 567.49M (-1.8%)
564.58M
est: 519.26M (+8.7%)
-1.88B
est: 60.75M (-3,192.4%)
84.71M
est: 171.80M (-50.7%)
1.29B
est: 417.50M (+207.9%)
317.31M
est: 327.54M (-3.1%)
201.32M
est: 346.19M (-41.8%)
629.68M
est: 242.27M (+159.9%)
427.59M
322.12M – 530.07M
+76.5% YoY
497.52M
321.41M – 637.44M
+16.4% YoY
502.76M
382.16M – 586.34M
+1.1% YoY
SGA
529.25M
est: 622.55M (-15.0%)
536.03M
est: 675.13M (-20.6%)
529.70M
est: 666.56M (-20.5%)
528.84M
est: 740.09M (-28.5%)
591.09M
est: 634.89M (-6.9%)
487.85M
est: 420.57M (+16.0%)
501.46M
est: 472.75M (+6.1%)
593.68M
est: 550.60M (+7.8%)
589.57M
est: 506.34M (+16.4%)
574.75M
est: 500.90M (+14.7%)
est: 464.60M (-100.0%)
531.23M
418.00M – 643.58M
+14.3% YoY
608.18M
419.96M – 882.39M
+14.5% YoY
553.69M
550.96M – 556.43M
-9.0% YoY
EPS
0.84
est: 0.59 (+43.0%)
0.70
est: 0.63 (+10.8%)
0.56
est: 0.58 (-3.7%)
0.61
est: 0.63 (-3.6%)
0.61
est: 0.58 (+5.4%)
-2.13
est: 0.07 (-3,244.8%)
0.08
est: 0.19 (-58.7%)
1.40
est: 0.45 (+211.4%)
0.35
est: 0.36 (-3.4%)
0.21
est: 0.36 (-41.0%)
0.69
est: 0.25 (+176.2%)
0.43
0.35 – 0.57
+72.5% YoY
0.53
0.35 – 0.69
+22.4% YoY
0.53
0.41 – 0.63
+0.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-28 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-26 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-25 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-22 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-21 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-20 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-19 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-18 B+ 3/5 4/5 3/5 4/5 2/5 3/5 3/5
2026-05-15 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-14 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-13 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-12 A- 4/5 4/5 4/5 4/5 2/5 3/5 4/5
2026-05-11 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-04 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-30 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-29 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-28 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-27 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-24 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-23 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-22 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-3.49B
OE per share TTM
-3.84
Owner's Yield
-45.59%
Maintenance CapEx ratio
120.69%
Maint CapEx / Avg PPE
150.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 104 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Xtrackers MSCI Singapore UCITS ETF 1C O9A.SI 0.63% 732.6K 0.50%
2 iShares International Developed Real Estate ETF IFGL 0.38% 310.1K 0.48%
3 FlexShares Global Quality Real Estate Index Fund GQRE 0.37% 1.55M 0.46%
4 Vanguard Global ex-U.S. Real Estate ETF VNQI 0.36% 13.50M 0.12%
5 Xtrackers International Real Estate ETF HAUZ 0.32% 3.34M 0.10%
6 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.25% 184.0K 0.74%
7 Dimensional - International Small Cap Value ETF DISV 0.19% 9.24M 0.42%
8 VanEck Global Real Estate UCITS ETF TRET.L 0.17% 826.7K 0.25%
9 iShares $ Treasury Bond 3-7yr UCITS ETF CBUG.DE 0.15% 651.3K 0.10%
10 Amundi FTSE EPRA NAREIT Global UCITS ETF Acc EPRA.L 0.13% 1.19M 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
135.9K
Shares Outstanding
893.40M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Leng Beng Kwek Executive Chairman 7M male
Eik Tse Kwek Executive Director & Group Chief Executive Officer 4M male
Eik Sheng Kwek Group Chief Operating Officer male
Gerald Yong Chief Investment Officer male
Ivan Ng Chief Technology Officer male
Ong Siew Toh Senior Vice President of Group Accounts female
Sharifah Shakila Shah Senior Vice President of Legal female
Belinda Lee Vice President and Head of IR & Corporate Communications female
Yim Ming Yiong Group Chief Financial Officer female
Cindy Tan Head of Administration Department
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits