ComfortDelGro Corp. Ltd. : CDGLY-US: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : September 18, 2017

Our analysis is based on comparing ComfortDelGro Corp. Ltd. with the following peers – National Express Group PLC Unsponsored ADR, Westshore Terminals Investment Corporation, Echo Global Logistics, Inc and Matson, Inc. (NXPGY-US, WTSHF-US, ECHO-US and MATX-US).

ComfortDelGro Corp. Ltd.’s dividend yield is 4.46 percent and its dividend payout is 65.30 percent. This compares to a peer median dividend yield of 2.96 percent and a payout level of 44.28 percent. This type of dividend performance might make it a good stock for dividend investors. However, the company’s average dividend quality score of 58 out of a possible score of 100, points to some weakness in the sustainability of its robust payout ratio, and makes its less attractive for dividend investors seeking current income.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to June 30, 2017), CDGLY-US paid a low quality dividend, which represents a yield of 4.42% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were high quality and 2 were low quality.
  • The ending cash balance, with a dividend coverage of 3.74x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to June 30, 2017), CDGLY-US paid a low quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 2.98x), investing cash flow (coverage of -2.55x), issuance cash flow (coverage of -0.29x) and twelve-month prior cash (coverage of 3.98x), for a total dividend coverage of 4.05x.

CDGLY-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -0.41x).

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm had to dip into the beginning cash balance to pay the dividend, which suggests a low dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 3.4 3.25 3.1 2.87 3.92 4.46
Dividend Payout (%) 0 0 29.86 58.8 65.21 65.3

A complete list of metrics and analysis is available on the company page.

Company Profile

ComfortDelGro Corp. Ltd. is an investment holding company, which engages in the provision of land transportation services. It operates through the following segments: Public Transport Services; Taxi; Bus Station; Automotive Engineering Services; Inspection and Testing Services; Car Rental and Leasing; and Driving Centre. The Public Transport Services segment engages in the provision of bus and rail services to commuters travelling on public transport systems, contracted revenue for operation of scheduled services, provision of coach rental services and ancillary advertisement. The Taxi segment engages in renting out taxis, operating taxi bureau services and ancillary advertisement. The Bus Station segment engages in fare collection. The Automotive Engineering Services segment engages in the provision of vehicular maintenance and repair services, construction of specialized vehicles, assembly of bus bodies, crash repair services, engineering services and sale of diesel. The Inspection and Testing Services segment engages in the provision of motor vehicle inspection services and provision of non-vehicle testing, inspection and consultancy services. The Car Rental and Leasing segment engages in renting and leasing of cars. The Driving Centre segment operates driving schools. The company was founded on March 29, 2003 and is headquartered in Singapore.


The information presented in this report has been obtained from sources deemed to be reliable, but AnalytixInsight does not make any representation about the accuracy, completeness, or timeliness of this information. This report was produced by AnalytixInsight for informational purposes only and nothing contained herein should be construed as an offer to buy or sell or as a solicitation of an offer to buy or sell any security or derivative instrument. This report is current only as of the date that it was published and the opinions, estimates, ratings and other information may change without notice or publication. Past performance is no guarantee of future results. Prior to making an investment or other financial decision, please consult with your financial, legal and tax advisors. AnalytixInsight shall not be liable for any party’s use of this report. AnalytixInsight is not a broker-dealer and does not buy, sell, maintain a position, or make a market in any security referred to herein. One of the principal tenets for us at AnalytixInsight is that the best person to handle your finances is you. By your use of our services or by reading any our reports, you’re agreeing that you bear responsibility for your own investment research and investment decisions. You also agree that AnalytixInsight, its directors, its employees, and its agents will not be liable for any investment decision made or action taken by you and others based on news, information, opinion, or any other material generated by us and/or published through our services. For a complete copy of our disclaimer, please visit our website