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CapitaLand Integrated Commercial Trust C38U.SI

SG · Singapore Exchange · XSES · stock · Real Estate · website

CapitaLand Integrated Commercial Trust statistics & valuation

Market capS$19.1B
P / E20.4×
P / S11.8×
P / B1.2×
P / FCF23.6×
Net margin57.9%
FCF margin50.1%
Net debtS$9.9B
Enterprise value USD$22.7B
Earnings yield EBIT/EV3.7%
Return on capital4.1%
Graham number -0.4%S$2.42

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (S$2.42); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
50.20% 55.30% 58.90% 57.90% 2022202320242025
Gross margin (%)
72.40% 71.50% 72.70% 73.50% 2022202320242025
Operating margin (%)
65.80% 67.40% 66.20% 66.50% 2022202320242025
Return on equity (%)
5.10% 6.10% 6.00% 5.80% 2022202320242025
Shares outstanding
7.88B 7.88B 7.88B 7.88B 2022202320242025
Net debt (S$)
S$9.36B S$9.36B S$8.82B S$9.86B 2022202320242025
Share buybacks (S$)
2022202320242025
Return on assets (%)
2.90% 3.50% 3.70% 3.40% 2022202320242025
Free cash flow margin (%)
62.20% 61.60% 54.60% 50.10% 2022202320242025
Debt / equity (×)
0.68× 0.67× 0.58× 0.61× 2022202320242025
EPS (S$)
S$0.11 S$0.13 S$0.14 S$0.13 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CapitaLand Integrated Commercial Trust trades at about 19.3× earnings — near its 10-year norm (10-year range 14.4×–19.7×, median 19×).

14.4× 19.7×

Shaded band = 10-year range (14.4×–19.7×); dot = today's 19.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin73.5%72.7%71.5%72.4%
Operating margin66.5%66.2%67.4%65.8%
Net margin57.9%58.9%55.3%50.2%
FCF margin50.1%54.6%61.6%62.2%
Return on assets3.4%3.7%3.5%2.9%
Return on equity5.8%6.0%6.1%5.1%
Debt / equity0.57×0.51×0.60×0.60×
Current ratio0.580.160.130.20

Computed from company filings · SG · as of 2025-12-31. Figures in SGD. Facts plus Stocktoria's own computed scores — not investment advice.