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Jardine Strategic Holdings

BST:JSL
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JSL
BST
$12B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Jardine Strategic Holdings Limited, through its subsidiaries, engages in the engineering and construction, transport services, and insurance broking businesses in Greater China, Southeast Asia, the United Kingdom, and internationally. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Jardine Strategic Holdings has significant price volatility in the past 3 months.
JSL Share Price and Events
7 Day Returns
-1%
BST:JSL
2.9%
Europe Industrials
-3%
DE Market
1 Year Returns
-
BST:JSL
-25%
Europe Industrials
-20.6%
DE Market
JSL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Jardine Strategic Holdings (JSL) -1% -18.3% - - -49.1% -40.9%
Europe Industrials 2.9% -18.2% -33.5% -25% -35.8% -17.1%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • No trading data on JSL.
  • No trading data on JSL.
Price Volatility
JSL
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Jardine Strategic Holdings's competitors could be found in our database.

Value

 Is Jardine Strategic Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jardine Strategic Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jardine Strategic Holdings.

BST:JSL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:JSL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.5%
Industrials Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.844 (1 + (1- 21%) (152.08%))
1.575
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.58
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.575 * 6.51%)
9.87%

Discounted Cash Flow Calculation for BST:JSL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jardine Strategic Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:JSL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.87%)
2020 1,901.00 Analyst x1 1,730.29
2021 1,629.00 Analyst x1 1,349.57
2022 1,420.00 Analyst x1 1,070.78
2023 1,292.89 Est @ -8.95% 887.38
2024 1,210.37 Est @ -6.38% 756.14
2025 1,154.88 Est @ -4.58% 656.69
2026 1,116.46 Est @ -3.33% 577.83
2027 1,089.16 Est @ -2.45% 513.08
2028 1,069.24 Est @ -1.83% 458.47
2029 1,054.30 Est @ -1.4% 411.47
Present value of next 10 years cash flows $8,411.00
BST:JSL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,054.30 × (1 + -0.39%) ÷ (9.87% – -0.39%)
$10,239.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,239.81 ÷ (1 + 9.87%)10
$3,996.33
BST:JSL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,411.00 + $3,996.33
$12,407.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $12,407.33 / 564.13
$21.99
BST:JSL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:JSL represents 0.90741x of SGX:J37
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90741x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 21.99 x 0.90741
€19.96
Value per share (EUR) From above. €19.96
Current discount Discount to share price of €19.60
= -1 x (€19.60 - €19.96) / €19.96
1.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Jardine Strategic Holdings is available for.
Intrinsic value
2%
Share price is €19.6 vs Future cash flow value of €19.96
Current Discount Checks
For Jardine Strategic Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jardine Strategic Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Jardine Strategic Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jardine Strategic Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jardine Strategic Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:JSL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.86
SGX:J37 Share Price ** SGX (2020-04-03) in USD $21.6
Europe Industrials Industry PE Ratio Median Figure of 21 Publicly-Listed Industrials Companies 11.8x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jardine Strategic Holdings.

BST:JSL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:J37 Share Price ÷ EPS (both in USD)

= 21.6 ÷ 3.86

5.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jardine Strategic Holdings is good value based on earnings compared to the Europe Industrials industry average.
  • Jardine Strategic Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Jardine Strategic Holdings's expected growth come at a high price?
Raw Data
BST:JSL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-0.5%per year
Europe Industrials Industry PEG Ratio Median Figure of 10 Publicly-Listed Industrials Companies 1.7x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

BST:JSL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.59x ÷ -0.5%

-10.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jardine Strategic Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jardine Strategic Holdings's assets?
Raw Data
BST:JSL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $63.51
SGX:J37 Share Price * SGX (2020-04-03) in USD $21.6
Europe Industrials Industry PB Ratio Median Figure of 28 Publicly-Listed Industrials Companies 0.74x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
BST:JSL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:J37 Share Price ÷ Book Value per Share (both in USD)

= 21.6 ÷ 63.51

0.34x

* Primary Listing of Jardine Strategic Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jardine Strategic Holdings is good value based on assets compared to the Europe Industrials industry average.
X
Value checks
We assess Jardine Strategic Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Industrials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Industrials industry average (and greater than 0)? (1 check)
  5. Jardine Strategic Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Jardine Strategic Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Jardine Strategic Holdings expected to grow at an attractive rate?
  • Jardine Strategic Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Jardine Strategic Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Jardine Strategic Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:JSL Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:JSL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -0.5%
BST:JSL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.2%
Europe Industrials Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
Europe Industrials Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:JSL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:JSL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 36,265 2,507 2,061 1
2021-12-31 33,628 2,651 1,865 2
2020-12-31 31,894 2,872 1,617 2
2020-04-04
BST:JSL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 32,665 4,963 2,178
2019-09-30 32,910 4,523 2,383
2019-06-30 33,154 4,515 2,548
2019-03-31 33,624 4,259 2,192
2018-12-31 34,094 4,002 1,836
2018-09-30 33,461 3,942 2,353
2018-06-30 32,828 3,449 2,908
2018-03-31 31,838 3,600 3,607
2017-12-31 30,848 3,750 4,305
2017-09-30 30,543 3,885 4,115
2017-06-30 30,177 4,019 3,995
2017-03-31 29,865 3,726 3,368

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Jardine Strategic Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Jardine Strategic Holdings's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:JSL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Jardine Strategic Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:JSL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.60 3.60 3.60 1.00
2021-12-31 3.30 3.30 3.30 1.00
2020-12-31 2.80 2.80 2.80 1.00
2020-04-04
BST:JSL Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.86
2019-09-30 4.22
2019-06-30 4.50
2019-03-31 3.86
2018-12-31 3.23
2018-09-30 4.12
2018-06-30 5.07
2018-03-31 6.26
2017-12-31 7.44
2017-09-30 7.09
2017-06-30 6.86
2017-03-31 5.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Jardine Strategic Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Jardine Strategic Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jardine Strategic Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Jardine Strategic Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jardine Strategic Holdings's growth in the last year to its industry (Industrials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jardine Strategic Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Jardine Strategic Holdings's 1-year earnings growth exceeds its 5-year average (18.6% vs 5.7%)
  • Jardine Strategic Holdings's earnings growth has exceeded the Europe Industrials industry average in the past year (18.6% vs 9.8%).
Earnings and Revenue History
Jardine Strategic Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jardine Strategic Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:JSL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 32,665.00 2,178.00 5,692.00
2019-09-30 32,909.50 2,382.50 5,789.50
2019-06-30 33,154.00 2,548.00 5,860.00
2019-03-31 33,624.00 2,192.00 5,837.00
2018-12-31 34,094.00 1,836.00 5,814.00
2018-09-30 33,461.00 2,352.50 5,718.00
2018-06-30 32,828.00 2,908.00 5,649.00
2018-03-31 31,838.00 3,606.50 5,577.50
2017-12-31 30,848.00 4,305.00 5,506.00
2017-09-30 30,543.00 4,114.50 5,356.00
2017-06-30 30,177.00 3,995.00 5,213.00
2017-03-31 29,864.50 3,368.00 5,151.50
2016-12-31 29,552.00 2,741.00 5,090.00
2016-09-30 29,124.00 2,519.00 5,033.50
2016-06-30 28,696.00 2,297.00 4,977.00
2016-03-31 29,043.50 2,126.00 4,988.50
2015-12-31 29,391.00 1,955.00 5,000.00
2015-09-30 30,456.50 1,826.50 5,054.50
2015-06-30 31,522.00 1,702.00 5,109.00
2015-03-31 31,879.00 1,767.00 5,072.00
2014-12-31 32,236.00 1,832.00 5,035.00
2014-09-30 31,952.00 1,774.00 4,921.00
2014-06-30 31,668.00 1,716.00 4,807.00
2014-03-31 32,167.00 1,708.00 4,800.50
2013-12-31 32,666.00 1,700.00 4,794.00
2013-09-30 32,867.50 1,766.50 4,832.50
2013-06-30 33,069.00 1,833.00 4,871.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Jardine Strategic Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Jardine Strategic Holdings used its assets less efficiently than the Europe Industrials industry average last year based on Return on Assets.
  • Jardine Strategic Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Jardine Strategic Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Industrials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jardine Strategic Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Jardine Strategic Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jardine Strategic Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jardine Strategic Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jardine Strategic Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Jardine Strategic Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jardine Strategic Holdings Company Filings, last reported 3 months ago.

BST:JSL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 65,660.00 14,894.00 5,631.00
2019-09-30 65,660.00 14,894.00 5,631.00
2019-06-30 64,489.00 14,820.00 4,830.00
2019-03-31 64,489.00 14,820.00 4,830.00
2018-12-31 59,949.00 13,853.00 4,640.00
2018-09-30 59,949.00 13,853.00 4,640.00
2018-06-30 58,363.00 13,455.00 4,862.00
2018-03-31 58,363.00 13,455.00 4,862.00
2017-12-31 58,230.00 12,471.00 5,325.00
2017-09-30 58,221.00 12,471.00 5,325.00
2017-06-30 54,433.00 11,156.00 5,348.00
2017-03-31 54,433.00 11,156.00 5,348.00
2016-12-31 50,206.00 10,617.00 5,168.00
2016-09-30 50,206.00 10,617.00 5,168.00
2016-06-30 47,912.00 10,710.00 4,811.00
2016-03-31 47,912.00 10,710.00 4,811.00
2015-12-31 45,862.00 10,146.00 4,607.00
2015-09-30 46,143.00 10,146.00 4,607.00
2015-06-30 45,183.00 11,607.00 4,676.00
2015-03-31 45,183.00 11,607.00 4,676.00
2014-12-31 45,038.00 10,848.00 5,092.00
2014-09-30 45,038.00 10,848.00 5,092.00
2014-06-30 44,375.00 10,887.00 4,363.00
2014-03-31 44,375.00 10,887.00 4,363.00
2013-12-31 42,890.00 10,567.00 4,918.00
2013-09-30 42,890.00 10,567.00 4,918.00
2013-06-30 43,162.00 11,606.00 4,343.00
  • Jardine Strategic Holdings's level of debt (22.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24.1% vs 22.7% today).
  • Debt is well covered by operating cash flow (33.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.6x coverage).
X
Financial health checks
We assess Jardine Strategic Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jardine Strategic Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Jardine Strategic Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.64%
Current annual income from Jardine Strategic Holdings dividends. Estimated to be 1.73% next year.
If you bought €2,000 of Jardine Strategic Holdings shares you are expected to receive €33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Jardine Strategic Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Jardine Strategic Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:JSL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Industrials Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 4.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:JSL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.38 2.00
2021-12-31 0.38 3.00
2020-12-31 0.37 3.00
2020-04-04
BST:JSL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.355 1.567
2019-02-28 0.340 1.011
2018-09-26 0.325 0.892
2018-05-02 0.320 0.866
2017-10-04 0.305 0.759
2017-04-26 0.300 0.704
2016-09-28 0.290 0.801
2016-04-07 0.285 0.938
2015-04-09 0.270 0.917
2015-03-05 0.270 0.773
2014-09-30 0.260 0.747
2014-04-29 0.255 0.709
2013-10-02 0.245 0.736
2013-05-08 0.240 0.668
2012-04-12 0.225 0.649
2012-03-02 0.225 0.712
2011-08-01 0.215 0.737
2011-03-04 0.210 0.720
2010-03-05 0.200 0.839
2009-08-07 0.191 1.114

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Jardine Strategic Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (9.1x coverage).
X
Income/ dividend checks
We assess Jardine Strategic Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jardine Strategic Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jardine Strategic Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Jardine Strategic Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ben Keswick
AGE 47
TENURE AS CEO 8 years
CEO Bio

Mr. Benjamin William Keswick, also known as Ben, has been Executive Chairman of Jardine Matheson Holdings Ltd. since January 1, 2019. Mr. Keswick has been the Managing Director of Dairy Farm International Holdings Ltd., Hongkong Land Holdings Limited, Jardine Matheson Holdings Limited, Jardine Strategic Holdings Ltd. and Mandarin Oriental International Limited since April 1, 2012. Mr. Keswick has been Executive Chairman at Jardine Strategic Holdings Ltd. since January 2019. He served as Group Managing Director of Jardine Cycle & Carriage Limited from April 1, 2007 to March 31, 2012. He served as the Chief Executive Officer of Jardine Pacific Ltd. since April 2005. Mr. Keswick served as a Finance Director of Jardine Pacific Ltd., Hong Kong since 2003. He has been chairman of the board at Yonghui Superstores Co., Ltd since December 20, 2018. He has held a number of executive positions since joining Jardine Matheson Group in 1998, including finance director. He served as Category Manager in Dairy Farm's New Zealand Operation since 1998, Group Category Manager in Wellcome Hong Kong since 2000 and an Asset Manager of Hongkong Land since 2001. Mr. Keswick has been the Chairman of Mandarin Oriental International Limited, Dairy Farm International Holdings Ltd. and Hongkong Land Holdings Limited since May 15, 2013 and as its Director since April 1, 2012. He serves as Chairman of Mandarin Oriental Hotel Group International Limited. He has been the Chairman of Jardine Cycle & Carriage Limited since April 01, 2012. He served as the Chairman of the Board at Cycle & Carriage Bintang Bhd from April 25, 2008 to March 2012. He has been an Executive Director of Jardine Matheson Holdings Limited since April 1, 2012 and Jardine Cycle & Carriage Ltd. since April 1, 2007. Mr. Keswick joined the Board of Jardine Matheson Holdings Limited in 2007. He has been a Director at Jardine Matheson Ltd., a subsidiary of Jardine Matheson Holdings Ltd. since 2003. He has been a Director of Mandarin Oriental International Limited since April 1, 2012. Mr. Keswick serves as a Director of The Oriental Hotel (Thailand) Public Company. He served as a Director at OHTL Public Company Limited. Mr. Keswick is Chairman of Jardine Matheson Limited and also serves as its Managing Director. He serves as a Director of Jardine Pacific and Jardine Motors. He has been a Commissioner of Astra International tbk PT since May 2007 and served as a Vice President Commissioner at PT United Tractors Tbk. He served as a Director of MCL Land Ltd. since April 01, 2007. He served as a Non Independent & Non-Executive Director of Cycle & Carriage Bintang Bhd from April 1, 2007 to March 2012. He served as a Director of JTH Davies Holdings Inc. since January 2003. He served as a Non Independent and Non-Executive Director of Edaran Otomobil Nasional Bhd from April 1, 2007 to November 14, 2007. Mr. Keswick holds Bachelor of Science Degree in Agricultural Economics and Food Marketing from Newcastle University, UK in 1995 and Master of Business Administration from INSEAD in 2002.

CEO Compensation
  • Insufficient data for Ben to compare compensation growth.
  • Insufficient data for Ben to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Ben Keswick

TITLE
Executive Chairman
AGE
47
TENURE
8 yrs

John Witt

TITLE
CFO, MD & Director
AGE
56

Adam Phillip Charles Keswick

TITLE
Executive Director
AGE
46

David Hsu

TITLE
Executive Director
AGE
60

Yiu Kai Pang

TITLE
Executive Director
AGE
59

Thomas Tan

TITLE
Head of Group Audit & Risk Management
TENURE
0.1 yrs

Jonathan Lloyd

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Jardine Strategic Holdings board of directors in years:

2.8
Average Tenure
61
Average Age
  • The average tenure for the Jardine Strategic Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ben Keswick

TITLE
Executive Chairman
AGE
47
TENURE
1.3 yrs

Henry Neville Lindley Keswick

TITLE
Chairman Emeritus
AGE
81
TENURE
1.3 yrs

Adam Phillip Charles Keswick

TITLE
Executive Director
AGE
46
TENURE
8 yrs

David Hsu

TITLE
Executive Director
AGE
60
TENURE
6.3 yrs

Yiu Kai Pang

TITLE
Executive Director
AGE
59
TENURE
3.7 yrs

Edward Percy Keswick Weatherall

TITLE
Non Executive Director
AGE
62

Anthony John Liddell Nightingale

TITLE
Non-Executive Director
AGE
72
TENURE
8.1 yrs

Charles Powell

TITLE
Non-Executive Director
AGE
78
TENURE
1.9 yrs

Lincoln Kwok

TITLE
Non-Executive Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Jardine Strategic Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jardine Strategic Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Jardine Strategic Holdings Limited, through its subsidiaries, engages in the engineering and construction, transport services, and insurance broking businesses in Greater China, Southeast Asia, the United Kingdom, and internationally. It is also involved in the property investment and development, retailing, restaurants, hotels, motor vehicles and related activities, financial services, heavy equipment, mining, and agribusinesses. The company invests in, develops, leases, and manages commercial and residential properties. In addition, it operates supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores, and restaurants; and 31 hotels and 8 residences in 21 countries and territories. Further, the company is involved in motor dealerships, dairy, construction and energy, information technology, cement production, and infrastructure and logistics businesses. The company is based in Hamilton, Bermuda. Jardine Strategic Holdings Limited is a subsidiary of Jardine Matheson Holdings Limited.

Details
Name: Jardine Strategic Holdings Limited
JSL
Exchange: BST
Founded:
$11,294,555,666
564,134,314
Website: http://www.jardines.com
Address: Jardine Strategic Holdings Limited
Jardine House,
33-35 Reid Street,
Hamilton,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX J37 Ordinary Shares Singapore Exchange SG USD 02. Jan 1992
OTCPK JDSH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB JSL Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BST JSL Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
LSE JDS Ordinary Shares London Stock Exchange GB USD 02. Jan 1992
LSE JDSB Ordinary Shares London Stock Exchange GB USD 02. Jan 1992
OTCPK JSHL.Y UNSPONSORD ADR Pink Sheets LLC US USD 07. Jun 2004
Number of employees
Current staff
Staff numbers
0
Jardine Strategic Holdings employees.
Industry
Industrial Conglomerates
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 01:24
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/10
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.