City Developments (C09) Financial Ratio Screen

SGX Real Estate Singapore SGD 7487M
RATIOS FAIL*
Automated financial screen · activity assessed separately
City Developments (C09) is potentially non-compliant in the automated ratio model. The company's debt ratio of 52.0% exceeds the 30% MSCI new-inclusion threshold relative to total assets. City Developments operates in the Real Estate sector.

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MSCI new-inclusion financial-ratio snapshot

C09 financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
52.0%
Fail vs 30%
Cash ratio
7.6%
Pass vs 30%
Receivables + cash
8.7%
Pass vs 30%
Impermissible income
2.5%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
Request this stock review
MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (Real Estate - Development) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: 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 integrated developments. With a proven track record of over 60 years in real estate development, investment and management, the Group has developed over 53,000 homes and owns around 23 million square feet of gross floor area in residential for lease, commercial and hospitality assets globally. Along with its wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C), the Group has over 160 hotels worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is actively pursuing its fund management growth strategy to further leverage its strengths.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 52.0%
/ 30%
7.6%
/ 30%
8.7%
/ 30%
2.55%
/ 5%
RATIOS FAIL*
FTSE 52.0%
/ 33%
7.6%
/ 33%
8.7%
/ 50%
2.55%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
12.3
Forward: 15.4
EPS
$0.68
Dividend Yield
298.0%
Payout: 11.8%
P/B Ratio
0.8
EV/EBITDA
30.5
EV: $20.7B
Revenue
$3.6B
Growth: 11.1%
Beta
0.3
Low volatility
Current Ratio
2.2

Profitability

Gross Margin 40.8%
Operating Margin 10.6%
Net Margin 17.6%
Return on Equity (ROE) 6.4%
Return on Assets (ROA) 0.9%

Cash Flow & Balance Sheet

Operating Cash Flow-$1.5B
Free Cash Flow-$2.4B
Total Debt$14.1B
Debt-to-Equity132.3
Current Ratio2.2
Total Assets$27.0B

Price & Trading

Last CloseSGD 8.28
50-Day MASGD 9.26
200-Day MASGD 7.48
Avg Volume2.8M
Beta0.3
52-Week Range
SGD 4.32
SGD 10.09

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About City Developments (C09)

CEO
Mr. Eik Tse Kwek
Sector
Real Estate
Industry
Real Estate - Development
Country
Singapore
Exchange
SGX
Market Cap (listing currency)
SGD 7487M
Currency
SGD

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 integrated developments. With a proven track record of over 60 years in real estate development, investment and management, the Group has developed over 53,000 homes and owns around 23 million square feet of gross floor area in residential for lease, commercial and hospitality assets globally. Along with its wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C), the Group has over 160 hotels worldwide, many in key gateway cities. Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is actively pursuing its fund management growth strategy to further leverage its strengths.

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Frequently Asked Questions

Is City Developments (C09) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is City Developments's debt ratio?

City Developments's debt ratio is 52.0% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are City Developments's key financial metrics?

City Developments has a market capitalization of SGD 7487M in its listing currency, trailing P/E ratio of 12.3, and revenue of $3.6B. The company maintains a gross margin of 40.8% and a net margin of 17.6%. Return on equity stands at 6.4%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.