City Developments Ltd
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 int… Read more
City Developments Ltd (CDEVY) - Net Assets
Latest net assets as of June 2025: $9.71 Billion USD
Based on the latest financial reports, City Developments Ltd (CDEVY) has net assets worth $9.71 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.74 Billion) and total liabilities ($16.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.71 Billion |
| % of Total Assets | 37.72% |
| Annual Growth Rate | 2.06% |
| 5-Year Change | 0.72% |
| 10-Year Change | -16.98% |
| Growth Volatility | 8.58 |
City Developments Ltd - Net Assets Trend (1999–2024)
This chart illustrates how City Developments Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for City Developments Ltd (1999–2024)
The table below shows the annual net assets of City Developments Ltd from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $9.31 Billion | -2.41% |
| 2023-12-31 | $9.54 Billion | -0.27% |
| 2022-12-31 | $9.56 Billion | +2.49% |
| 2021-12-31 | $9.33 Billion | +0.97% |
| 2020-12-31 | $9.24 Billion | -17.97% |
| 2019-12-31 | $11.27 Billion | -8.21% |
| 2018-12-31 | $12.27 Billion | +3.65% |
| 2017-12-31 | $11.84 Billion | +3.79% |
| 2016-12-31 | $11.41 Billion | +1.75% |
| 2015-12-31 | $11.21 Billion | +4.06% |
| 2014-12-31 | $10.78 Billion | +9.64% |
| 2013-12-31 | $9.83 Billion | +6.17% |
| 2012-12-31 | $9.26 Billion | +6.45% |
| 2011-12-31 | $8.70 Billion | +7.17% |
| 2010-12-31 | $8.11 Billion | +5.87% |
| 2009-12-31 | $7.66 Billion | +9.14% |
| 2008-12-31 | $7.02 Billion | +1.53% |
| 2007-12-31 | $6.92 Billion | +8.41% |
| 2006-12-31 | $6.38 Billion | +5.02% |
| 2005-12-31 | $6.08 Billion | -15.66% |
| 2004-12-31 | $7.20 Billion | +7.96% |
| 2003-12-31 | $6.67 Billion | +27.21% |
| 2002-12-31 | $5.24 Billion | -6.03% |
| 2001-12-31 | $5.58 Billion | +2.05% |
| 2000-12-31 | $5.47 Billion | -2.26% |
| 1999-12-31 | $5.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to City Developments Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 744041900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.44 Billion | 81.87% |
| Common Stock | $1.66 Billion | 18.28% |
| Other Comprehensive Income | $-215.09 Million | -2.37% |
| Other Components | $201.78 Million | 2.22% |
| Total Equity | $9.09 Billion | 100.00% |
City Developments Ltd Competitors by Market Cap
The table below lists competitors of City Developments Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cenergy Holdings SA
BR:CENER
|
$1.21 Billion |
|
ConnectOne Bancorp Inc
NASDAQ:CNOB
|
$1.21 Billion |
|
IFAST CORP. LTD
F:1O3
|
$1.21 Billion |
|
Jiangzhong Pharmaceutical Co Ltd
SHG:600750
|
$1.21 Billion |
|
Ningbo Boway Alloy Material Co Ltd
SHG:601137
|
$1.21 Billion |
|
HUTCHMED (CHINA) LS-1
F:H7T2
|
$1.21 Billion |
|
CESC Limited
NSE:CESC
|
$1.21 Billion |
|
Scatec ASA
PINK:STECF
|
$1.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in City Developments Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,180,489,000 to 9,088,291,000, a change of -92,198,000 (-1.0%).
- Net income of 201,316,000 contributed positively to equity growth.
- Dividend payments of 126,270,000 reduced retained earnings.
- Share repurchases of 79,399,000 reduced equity.
- Other comprehensive income decreased equity by 89,977,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $201.32 Million | +2.22% |
| Dividends Paid | $126.27 Million | -1.39% |
| Share Repurchases | $79.40 Million | -0.87% |
| Other Comprehensive Income | $-89.98 Million | -0.99% |
| Other Changes | $2.13 Million | +0.02% |
| Total Change | $- | -1.00% |
Book Value vs Market Value Analysis
This analysis compares City Developments Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.36x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.97x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $3.71 | $3.60 | x |
| 2000-12-31 | $3.67 | $3.60 | x |
| 2001-12-31 | $3.76 | $3.60 | x |
| 2002-12-31 | $3.66 | $3.60 | x |
| 2003-12-31 | $5.68 | $3.60 | x |
| 2004-12-31 | $5.45 | $3.60 | x |
| 2005-12-31 | $4.96 | $3.60 | x |
| 2006-12-31 | $4.93 | $3.60 | x |
| 2007-12-31 | $5.45 | $3.60 | x |
| 2008-12-31 | $5.69 | $3.60 | x |
| 2009-12-31 | $6.26 | $3.60 | x |
| 2010-12-31 | $3.35 | $3.60 | x |
| 2011-12-31 | $7.15 | $3.60 | x |
| 2012-12-31 | $7.65 | $3.60 | x |
| 2013-12-31 | $8.22 | $3.60 | x |
| 2014-12-31 | $8.81 | $3.60 | x |
| 2015-12-31 | $9.43 | $3.60 | x |
| 2016-12-31 | $9.74 | $3.60 | x |
| 2017-12-31 | $10.04 | $3.60 | x |
| 2018-12-31 | $10.53 | $3.60 | x |
| 2019-12-31 | $11.05 | $3.60 | x |
| 2020-12-31 | $9.38 | $3.60 | x |
| 2021-12-31 | $9.28 | $3.60 | x |
| 2022-12-31 | $9.68 | $3.60 | x |
| 2023-12-31 | $9.65 | $3.60 | x |
| 2024-12-31 | $10.13 | $3.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently City Developments Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.15%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.82x
- Recent ROE (2.22%) is below the historical average (6.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 11.07% | 19.00% | 0.18x | 3.22x | $37.04 Million |
| 2000 | 7.53% | 11.10% | 0.23x | 2.99x | $-95.54 Million |
| 2001 | 1.05% | 1.87% | 0.19x | 3.01x | $-355.28 Million |
| 2002 | 3.91% | 6.61% | 0.20x | 2.92x | $-235.01 Million |
| 2003 | 3.31% | 6.55% | 0.18x | 2.84x | $-308.02 Million |
| 2004 | 4.10% | 8.52% | 0.19x | 2.58x | $-292.23 Million |
| 2005 | 6.80% | 13.02% | 0.22x | 2.40x | $-145.66 Million |
| 2006 | 7.43% | 13.81% | 0.23x | 2.32x | $-121.79 Million |
| 2007 | 13.95% | 23.34% | 0.25x | 2.35x | $205.11 Million |
| 2008 | 10.46% | 19.29% | 0.24x | 2.31x | $25.07 Million |
| 2009 | 9.72% | 17.74% | 0.25x | 2.23x | $-16.73 Million |
| 2010 | 13.53% | 27.66% | 0.22x | 2.21x | $225.76 Million |
| 2011 | 11.70% | 24.34% | 0.22x | 2.19x | $115.87 Million |
| 2012 | 9.29% | 20.23% | 0.21x | 2.14x | $-52.03 Million |
| 2013 | 8.75% | 21.70% | 0.19x | 2.13x | $-98.30 Million |
| 2014 | 9.15% | 20.45% | 0.19x | 2.34x | $-71.38 Million |
| 2015 | 8.60% | 23.41% | 0.16x | 2.26x | $-126.21 Million |
| 2016 | 7.03% | 16.73% | 0.20x | 2.13x | $-276.16 Million |
| 2017 | 5.45% | 13.64% | 0.20x | 2.04x | $-436.18 Million |
| 2018 | 5.55% | 13.20% | 0.20x | 2.08x | $-446.74 Million |
| 2019 | 5.37% | 16.47% | 0.15x | 2.21x | $-487.45 Million |
| 2020 | -22.09% | -89.10% | 0.09x | 2.78x | $-2.73 Billion |
| 2021 | 1.01% | 3.23% | 0.11x | 2.84x | $-756.64 Million |
| 2022 | 13.95% | 39.03% | 0.14x | 2.49x | $363.69 Million |
| 2023 | 3.46% | 6.42% | 0.20x | 2.64x | $-600.74 Million |
| 2024 | 2.22% | 6.15% | 0.13x | 2.82x | $-707.51 Million |
Industry Comparison
This section compares City Developments Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $70,341,271,195
- Average return on equity (ROE) among peers: 2.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| City Developments Ltd (CDEVY) | $9.71 Billion | 11.07% | 1.65x | $1.21 Billion |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $97.99 Million | -3.22% | 0.10x | $7.15 Million |
| Autris (AUTR) | $-34.64K | 0.00% | 0.00x | $1.55K |
| AMREP Corporation (AXR) | $67.40 Million | 1.78% | 1.85x | $79.94 Million |
| Ayala Land Inc (AYAAF) | $242.71 Billion | 13.67% | 1.94x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $226.27K | -1.35% | 0.77x | $0.92 |
| Beijing North Star Company Limited (BEIJF) | $8.23 Billion | 4.12% | 0.79x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $436.84 Billion | 11.28% | 1.44x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $14.13 Billion | 9.67% | 0.21x | $141.49 Million |
| Century Communities Inc (CCS) | $473.64 Million | 10.46% | 1.13x | $1.40 Billion |