18 Key Figures Investors Should Know About Comfortdelgro Corporation Limited

Comfortdelgro Corporation Limited (SGX: C52) released its annual report a few months ago. The annual report could be a good place to learn more about the land transport provider.

Comfortdelgro Corporation’s annual report contained a chockful of interesting numbers. From this, there are 18 figures that investors might want to sit up and take notice:   

  1. Comfortdelgro Corporation operates in 36 cities across seven countries. This includes 11 cities in China, 12 cities in Australia and six cities in United Kingdom.
  2. Lim Jit Poh, Comfortdelgro Corporation’s chairman, paid homage to the late Lee Kuan Yew. He cited six of Lee’s transport legacies including the formation of Singapore Bus Service (the predecessor to SBS Transit) and a clean air environment which resulted in VICOM Limited’s (SGX: V01) formation.
  3. In his chairman’s statement, Lim also noted that Comfortdelgro has come a long way since 2003 when it had a market capitalisation of S$1.67 billion. At the end of last year, the land transport giant had a market cap of S$6.56 billion.
  4. Among the key developments in 2015 was the Bus Contracting Model. All existing bus routes were divided into 12 packages. The incumbents, Comfortdelgro Corporation’s subsidiary SBS Transit Ltd (SGX: S61) and SMRT Corporation Limited (SGX: S53), will get to retain nine of the aforementioned packages. This accounts for 80% of the existing bus fleet. Meanwhile, the first two packages have been tendered and won by foreign operators.
  5. Next up, taxis. Lim notes that Comfortdelgro Corporation continues to be the leader in taxi fleet size. Comfortdelgro Corporation has a fleet of almost 17,000 taxis as of December 2015, taking up 62% market share. Lim also reported that there was an automation rate of 90% for the number of successful call bookings.  
  6. Meanwhile, the Comfortdelgro Corporation also dominates in the vehicle inspection side of the business. It noted that its market share is close to 75%.
  7. The name Comfortdelgro Corporation remind readers of the blue taxis that are plowing Singapore’s streets. However, the majority of its revenue actually comes from the Bus operations, which contributed over 51% of its 2015 revenue. Taxi operations comes in at second place with around 32% of the total revenue pie.
  8. In terms of geography, Comfortdelgro Corporation still makes most of its moolah in Singapore. The Lion City accounted for 60% of total revenue in 2015. United Kingdom and Ireland contributed about a quarter while Australia is in third place with a 9.4% contribution. China contributed 5.4% of total revenue, but punched above its weight by providing almost 11% of Comfortdelgro Corporation’s operating profit.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong owns units in VICOM Limited.