New Risk • Mar 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$137.4m (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$137.4m market cap, or US$96.1m). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$1.88, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Logistics industry globally. Total returns to shareholders of 41% over the past three years. Reported Earnings • Mar 03
First half 2026 earnings released: EPS: AU$0.16 (vs AU$0.091 in 1H 2025) First half 2026 results: EPS: AU$0.16 (up from AU$0.091 in 1H 2025). Revenue: AU$178.4m (up 7.6% from 1H 2025). Net income: AU$12.8m (up 80% from 1H 2025). Profit margin: 7.2% (up from 4.3% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Global Logistics industry. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • Feb 28
First half dividend of AU$0.06 announced Shareholders will receive a dividend of AU$0.06. Ex-date: 18th March 2026 Payment date: 31st March 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Feb 26
CTI Logistics Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2025, Payable on March 31, 2026 CTI Logistics Limited announced ordinary dividend of AUD 0.06000000 per share for the six months ended December 31, 2025. Ex Date is March 18, 2026; Record Date is March 19, 2026; Payment Date is March 31, 2026. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$2.21, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 16x in the Logistics industry in Oceania. Total returns to shareholders of 66% over the past three years. Declared Dividend • Aug 30
Final dividend of AU$0.055 announced Dividend of AU$0.055 is the same as last year. Ex-date: 11th September 2025 Payment date: 2nd October 2025 Dividend yield will be 5.6%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Aug 29
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: AU$0.18 (down from AU$0.20 in FY 2024). Revenue: AU$326.6m (up 1.7% from FY 2024). Net income: AU$14.2m (down 10% from FY 2024). Profit margin: 4.3% (down from 4.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Global Logistics industry. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Aug 28
CTI Logistics Limited, Annual General Meeting, Nov 27, 2025 CTI Logistics Limited, Annual General Meeting, Nov 27, 2025. Reported Earnings • Mar 03
First half 2025 earnings released: EPS: AU$0.091 (vs AU$0.099 in 1H 2024) First half 2025 results: EPS: AU$0.091 (down from AU$0.099 in 1H 2024). Revenue: AU$165.9m (up 2.5% from 1H 2024). Net income: AU$7.11m (down 6.7% from 1H 2024). Profit margin: 4.3% (down from 4.7% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Global Logistics industry. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 28
Final dividend of AU$0.05 announced Shareholders will receive a dividend of AU$0.05. Ex-date: 19th March 2025 Payment date: 4th April 2025 Dividend yield will be 5.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Dec 19
CTI Logistics Limited Provides Earnings Guidance for the Half Year to 31 December 2024 CTI Logistics Limited provided earnings guidance for the half year to 31 December 2024. The company announced that revenue for the half year to 31 December 2024 is expected to be up 4% on the previous corresponding period. Declared Dividend • Aug 30
Final dividend increased to AU$0.055 Dividend of AU$0.055 is 10.0% higher than last year. Ex-date: 12th September 2024 Payment date: 3rd October 2024 Dividend yield will be 5.8%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: AU$0.20 (vs AU$0.22 in FY 2023) Full year 2024 results: EPS: AU$0.20 (down from AU$0.22 in FY 2023). Revenue: AU$322.6m (up 6.8% from FY 2023). Net income: AU$15.8m (down 7.0% from FY 2023). Profit margin: 4.9% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 28
CTI Logistics Limited, Annual General Meeting, Nov 21, 2024 CTI Logistics Limited, Annual General Meeting, Nov 21, 2024. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to AU$1.65, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 16x in the Logistics industry in Oceania. Total returns to shareholders of 127% over the past three years. New Risk • Apr 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (AU$123.2m market cap, or US$81.6m). Upcoming Dividend • Mar 13
Upcoming dividend of AU$0.05 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 55% and the cash payout ratio is 95%. Trailing yield: 6.3%. Within top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 27
First half 2024 earnings released: EPS: AU$0.099 (vs AU$0.14 in 1H 2023) First half 2024 results: EPS: AU$0.099 (down from AU$0.14 in 1H 2023). Revenue: AU$161.8m (up 2.4% from 1H 2023). Net income: AU$7.62m (down 28% from 1H 2023). Profit margin: 4.7% (down from 6.7% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jan 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.4% to AU$1.42. The fair value is estimated to be AU$1.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jan 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be AU$1.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Annonce • Nov 29
CTI Logistics Limited Announces the Resignation of Peter Leonhardt as Non-Executive Director CTI Logistics Limited announced the resignation of Mr. Peter Leonhardt as a non-executive director of CTI and its controlled subsidiaries, with effect from 23 November 2023. Leonhardt has served as a non-executive director for over 20 years and also as chairman of the Audit & Risk and Remuneration & Nomination Committees. The Company would like to thank Leonhardt for his contributions and wish him well for his future endeavours. Annonce • Sep 22
CTI Logistics Limited Appoints Roger Port as Non-Executive Director CTI Logistics Limited announced that Mr. Roger Port has been appointed as a non-executive director with effect from 22 September 2023. Mr. Port is a Chartered Accountant and former partner of PricewaterhouseCoopers. He has over 30 years' experience in financial analysis, company and business valuations, transaction due diligence and mergers and acquisitions and led the PricewaterhouseCoopers Perth Deals team for seven years. He is a graduate of Macquarie University and gained a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. He is a Fellow of the Australian Institute of Company Directors and a Fellow of Chartered Accountants Australia and New Zealand. Roger has held a number of board and audit and risk committee positions over the past 25 years and is currently a board member of Eagle Mountain Mining Limited. the Harry Perkins Institute of Medical Research and Linear Clinical Research Limited. Annonce • Sep 12
CTI Logistics Limited, Annual General Meeting, Nov 23, 2023 CTI Logistics Limited, Annual General Meeting, Nov 23, 2023, at 17:00 W. Australia Standard Time. Upcoming Dividend • Sep 07
Upcoming dividend of AU$0.05 per share at 6.5% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 16 October 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 6.5%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (3.2%). Reported Earnings • Sep 01
Full year 2023 earnings released: EPS: AU$0.22 (vs AU$0.20 in FY 2022) Full year 2023 results: EPS: AU$0.22 (up from AU$0.20 in FY 2022). Revenue: AU$303.2m (up 7.1% from FY 2022). Net income: AU$17.0m (up 12% from FY 2022). Profit margin: 5.6% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. New Risk • Aug 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (AU$113.7m market cap, or US$72.8m). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to AU$1.90, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 12x in the Logistics industry in Oceania. Total returns to shareholders of 282% over the past three years. Reported Earnings • Feb 23
First half 2023 earnings released: EPS: AU$0.14 (vs AU$0.078 in 1H 2022) First half 2023 results: EPS: AU$0.14 (up from AU$0.078 in 1H 2022). Revenue: AU$158.6m (up 19% from 1H 2022). Net income: AU$10.6m (up 82% from 1H 2022). Profit margin: 6.7% (up from 4.4% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 18% share price gain to AU$1.89, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 16x in the Logistics industry in Oceania. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 24% share price gain to AU$1.63, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 15x in the Logistics industry in Oceania. Total returns to shareholders of 130% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Peter Leonhardt was the last independent director to join the board, commencing their role in 1999. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 27
CTI Logistics Limited, Annual General Meeting, Nov 23, 2022 CTI Logistics Limited, Annual General Meeting, Nov 23, 2022, at 17:00 W. Australia Standard Time. Agenda: To consider election of directors. Annonce • Aug 31
CTI Logistics Limited Announces Dividend for the Period of Six Months Ended June 30, 2022, Payable on October 7, 2022 CTI Logistics Limited announced dividend of AUD 0.04000000 per share for the period of six months ended June 30, 2022. Ex Date is September 8, 2022. Record Date is September 9, 2022. Payment Date is October 7, 2022. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: AU$0.20 (vs AU$0.11 in FY 2021) Full year 2022 results: EPS: AU$0.20 (up from AU$0.11 in FY 2021). Revenue: AU$284.6m (up 19% from FY 2021). Net income: AU$15.2m (up 86% from FY 2021). Profit margin: 5.3% (up from 3.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • Aug 04
CTI Logistics Limited Provides Earnings Guidance for the Year 2022 CTI Logistics Limited provided earnings guidance for the year 2022. For the year, the increased profit resulted from higher than expected revenue in May and June 2022, with annual revenue now expected to increase to about $282 million or 18% above that of the previous year. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 19% share price gain to AU$1.19, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 23x in the Logistics industry in Oceania. Total returns to shareholders of 45% over the past three years. Annonce • Jun 14
CTI Logistics Limited Provides Earnings Guidance for the Year Ended June 30, 2022 CTI Logistics Limited provided earnings guidance for the year ended June 30, 2022. For the year, the company expects annual revenue to increase to about $275 million or 15% above that of the previous year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Peter Leonhardt was the last independent director to join the board, commencing their role in 1999. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 01
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 08 March 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 28
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: EPS: AU$0.078 (up from AU$0.069 in 1H 2021). Revenue: AU$133.5m (up 13% from 1H 2021). Net income: AU$5.85m (up 13% from 1H 2021). Profit margin: 4.4% (in line with 1H 2021). Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • Feb 25
CTI Logistics Limited Announces Declares Interim Dividend, Payable on 8 April 2022 CTI Logistics Limited announced after the half-year end the directors have declared an interim dividend of 2.5 cents per fully paid ordinary share, (2020 2.0 cents) fully franked based on tax paid at 30%. The aggregate amount of the proposed dividend to be paid on 8 April 2022 out of retained profits at 31 December 2021, but not recognised as a liability at period end, is $1,883,778 (2020 - $1,500,548). Upcoming Dividend • Oct 20
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 27 October 2021. Payment date: 12 November 2021. Trailing yield: 3.9%. Lower than top quartile of Australian dividend payers (5.3%). Higher than average of industry peers (1.6%). Recent Insider Transactions • Sep 03
Joint MD recently sold AU$579k worth of stock On the 1st of September, David Mellor sold around 643k shares on-market at roughly AU$0.90 per share. This was the largest sale by an insider in the last 3 months. David has been a seller over the last 12 months, reducing personal holdings by AU$586k. Reported Earnings • Sep 01
Full year 2021 earnings released: EPS AU$0.11 (vs AU$0.058 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$241.4m (up 12% from FY 2020). Net income: AU$8.17m (up AU$12.5m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Apr 05
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 12 April 2021. Payment date: 28 April 2021. Trailing yield: 4.7%. Lower than top quartile of Australian dividend payers (5.4%). Higher than average of industry peers (1.3%). Reported Earnings • Mar 02
First half 2021 earnings released: EPS AU$0.069 (vs AU$0.015 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$119.2m (up 8.0% from 1H 2020). Net income: AU$5.20m (up 362% from 1H 2020). Profit margin: 4.4% (up from 1.0% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 01
New 90-day high: AU$0.82 The company is up 9.0% from its price of AU$0.75 on 01 December 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: AU$0.78 The company is up 43% from its price of AU$0.55 on 08 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 31% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: AU$0.67 The company is up 20% from its price of AU$0.56 on 21 August 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Logistics industry, which is up 30% over the same period. Is New 90 Day High Low • Sep 23
New 90-day high: AU$0.60 The company is up 34% from its price of AU$0.45 on 24 June 2020. The Australian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 11% over the same period. Annonce • Sep 01
CTI Logistics Limited Announces Nil Interim Dividend CTI Logistics Limited has announced a nil Interim dividend against 2.00 cents paid a year ago.