ComfortDelGro Corporation Ltd’s 2016 Annual Report: 17 Numbers Investors Should Know
ComfortDelGro Corporation Ltd (SGX: C52) released its 2016 annual report last week.
As a brief background, ComfortDelGro’s business can be divided into seven different segments: public transport services; taxi; bus station; automotive engineering services; inspection and testing services; car rental and leasing; and driving centre.
The company’s annual report had facts and figures for us to learn more about its business. Here are 17 important numbers:
1. ComfortDelGro has a sizable scale in its operations. The land transport firm operates over 45,000 vehicles, and has over 22,000 employees. In Singapore, ComfortDelGro has a fleet size of 22,304 vehicles and almost 12,300 employees.
2. Public transport services, which consists of bus and rail services, is the biggest piece of its business from a revenue standpoint. The segment contributed $2.3 billion in revenue in 2016, or almost 57% of ComfortDelGro’s total revenue. The taxi segment accounted for 33% of total revenue at $1.34 billion.
3. Singapore remains a major geographical market of ComfortDelGro’s business. The Garden City accounted for almost 63% of the company’s total revenue, or $2.54 billion, in 2016. The United Kingdom and Australia are in second and third place with $924 million and $385.5 million, respectively.
4. Kua Hong Pak, ComfortDelGro’s chief executive officer and managing director, will be stepping down after 14 years at the helm of the land transport giant. Chairman Lim Jit Poh said that ComfortDelGro achieved a compounded annual growth rate of 5.1% in revenue and 5.8% in operating profit under Kua’s tenure. Yan Ban Seng, a 28-year veteran in ComfortDelGro, will be taking over Kua’s position.
5. The company’s shareholder base is fairly diversified. Its largest shareholder is the asset management firm BlackRock Inc, which has a deemed interest of 6.01% as of 6 March 2017.