Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to AU$2.51, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Logistics industry globally. Total returns to shareholders of 92% over the past three years. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Roger Port was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Roger Port was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • 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. Board Change • Dec 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Roger Port was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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. New Risk • Aug 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 119% Dividend yield: 5.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 119% Minor Risk Market cap is less than US$100m (AU$149.8m market cap, or US$97.8m). Reported Earnings • Aug 29
Full year 2025 earnings released: EPS: AU$0.18 (vs AU$0.20 in FY 2024) 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 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. Annuncio • Aug 28
CTI Logistics Limited, Annual General Meeting, Nov 27, 2025 CTI Logistics Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Roger Port was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 04
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Roger Port was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • 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 5.9%, 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. Annuncio • 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 130% 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. Buy Or Sell Opportunity • Feb 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.0% to AU$1.43. 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 The stock has been flat over the last 90 days. The fair value is estimated to be AU$1.86, 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. Annuncio • 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. Annuncio • 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. Annuncio • 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. Board Change • Jun 29
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. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$1.82, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Logistics industry in Oceania. Total returns to shareholders of 209% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to AU$1.56, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 12x in the Logistics industry in Oceania. Total returns to shareholders of 142% 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 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$1.90, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 16x in the Logistics industry in Oceania. Total returns to shareholders of 169% over the past three years. Board Change • Jan 06
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. Board Change • Nov 25
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. Board Change • Oct 01
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. Board Change • May 03
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. Board Change • Jan 25
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. Board Change • Dec 31
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 • 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%). Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.04, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 29x in the Logistics industry in Oceania. Board Change • Oct 19
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. 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. Board Change • Sep 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Director Peter Leonhardt was the last independent director to join the board, commencing their role in 1999. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 02
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.