Aankondiging • Jun 17
Clarkson PLC to Report First Half, 2026 Results on Aug 03, 2026 Clarkson PLC announced that they will report first half, 2026 results on Aug 03, 2026 Aankondiging • Jun 12
Clarkson plc Announces CFO Changes The Board of Clarkson PLC announced the appointment of Niamh Staunton as Chief Financial Officer ("CFO") following a comprehensive selection process overseen by the Nomination Committee. Niamh joins from BP p.l.c.("bp"), where she has served as the Senior Vice President, Finance and Risk in the Supply, Trading & Shipping business for the past two and a half years. Prior to this, she held the role of Group Treasurer at bp, a position she assumed in 2021. With over 20 years of experience in senior finance and leadership roles, Niamh has a proven track record in strategic finance, risk management, treasury and capital markets in complex, global organisations. Before her tenure at bp, Niamh spent more than 15 years at Morgan Stanley, where she held several senior roles in capital markets. Niamh will join Clarksons and be appointed as an Executive Director of the Company later this year. The Company will provide an update once Niamh's start date has been confirmed. Niamh will succeed Jeff Woyda, who will be retiring from the Board and from his role as CFO & COO after 19 years with the Company in September 2026 as previously announced. Harriet Oliver, who has been a key member of Clarksons' senior management team since October 2019, serving as Group Head of HR, was confirmed as incoming Chief Operating Officer in May this year. Aankondiging • Jun 11
Clarkson PLC Announces Management Changes Clarkson PLC announced that the appointment of Niamh Staunton will join Clarksons and be appointed as an Executive Director of the Company later this year. Jeff Woyda, who will be retiring from the Board and from his role as CFO & COO after 19 years with the Company in September 2026 as previously announced. Harriet Oliver, who has been a key member of Clarksons' senior management team since October 2019, serving as Group Head of HR, was confirmed as incoming Chief Operating Officer in May this year. New Risk • May 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£3.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£3.9m sold). Recent Insider Transactions • May 18
CFO, COO & Executive Director recently sold UK£3.9m worth of stock On the 14th of May, Jeffrey Woyda sold around 82k shares on-market at roughly UK£47.82 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jeffrey's only on-market trade for the last 12 months. Upcoming Dividend • Apr 30
Upcoming dividend of UK£0.79 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.9%). Recent Insider Transactions Derivative • Apr 24
CEO & Executive Director exercised options and sold UK£302k worth of stock On the 20th of April, Andi Case exercised options to acquire 6k shares at no cost and sold these for an average price of UK£47.96 per share. This trade did not impact their existing holding. For the year to December 2019, Andi's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Andi has owned 614.99k shares directly. Company insiders have collectively sold UK£167k more than they bought, via options and on-market transactions in the last 12 months. Aankondiging • Mar 31
Clarkson PLC, Annual General Meeting, May 07, 2026 Clarkson PLC, Annual General Meeting, May 07, 2026. Declared Dividend • Mar 11
Final dividend increased to UK£0.79 Dividend of UK£0.79 is 2.6% higher than last year. Ex-date: 7th May 2026 Payment date: 22nd May 2026 Dividend yield will be 2.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 10
Full year 2025 earnings released: EPS: UK£2.14 (vs UK£2.77 in FY 2024) Full year 2025 results: EPS: UK£2.14 (down from UK£2.77 in FY 2024). Revenue: UK£631.4m (down 4.5% from FY 2024). Net income: UK£65.7m (down 23% from FY 2024). Profit margin: 10% (down from 13% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Price Target Changed • Mar 09
Price target increased by 15% to UK£47.43 Up from UK£41.21, the current price target is an average from 7 analysts. New target price is 5.0% above last closing price of UK£45.15. Stock is up 31% over the past year. The company is forecast to post earnings per share of UK£2.16 for next year compared to UK£2.77 last year. Upcoming Dividend • Aug 21
Upcoming dividend of UK£0.33 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (7.3%). Declared Dividend • Aug 06
First half dividend increased to UK£0.33 Dividend of UK£0.33 is 3.1% higher than last year. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 3.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 04
First half 2025 earnings released: EPS: UK£0.93 (vs UK£1.25 in 1H 2024) First half 2025 results: EPS: UK£0.93 (down from UK£1.25 in 1H 2024). Revenue: UK£297.8m (down 4.0% from 1H 2024). Net income: UK£28.5m (down 25% from 1H 2024). Profit margin: 9.6% (down from 12% in 1H 2024). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Aankondiging • Aug 04
Clarkson PLC Declares Interim Dividend, Payable on 12 September 2025 The Board of Clarkson PLC declared an interim dividend of 33 pence per share (2024: 32 pence per share) which will be paid on 12 September 2025 to shareholders on the register at the close of business on 29 August 2025. Aankondiging • May 22
Clarkson PLC to Report First Half, 2025 Results on Aug 04, 2025 Clarkson PLC announced that they will report first half, 2025 results on Aug 04, 2025 Recent Insider Transactions • May 04
Independent Chairman of the Board recently bought UK£178k worth of stock On the 1st of May, Laurence David Hollingworth bought around 6k shares on-market at roughly UK£29.65 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Laurence David's only on-market trade for the last 12 months. New Risk • May 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Price Target Changed • May 02
Price target decreased by 9.4% to UK£43.11 Down from UK£47.58, the current price target is an average from 7 analysts. New target price is 35% above last closing price of UK£31.90. Stock is down 19% over the past year. The company is forecast to post earnings per share of UK£2.35 for next year compared to UK£2.77 last year. Upcoming Dividend • May 01
Upcoming dividend of UK£0.77 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (7.5%). Aankondiging • Mar 27
Clarkson PLC, Annual General Meeting, May 01, 2025 Clarkson PLC, Annual General Meeting, May 01, 2025. Declared Dividend • Mar 12
Final dividend increased to UK£0.77 Dividend of UK£0.77 is 6.9% higher than last year. Ex-date: 8th May 2025 Payment date: 23rd May 2025 Dividend yield will be 3.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 10
First half 2024 earnings released: EPS: UK£1.25 (vs UK£1.31 in 1H 2023) First half 2024 results: EPS: UK£1.25 (down from UK£1.31 in 1H 2023). Revenue: UK£310.1m (down 3.4% from 1H 2023). Net income: UK£38.2m (down 3.8% from 1H 2023). Profit margin: 12% (in line with 1H 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 4 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to UK£34.55, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 12% over the past three years. Aankondiging • Mar 10
Clarkson PLC Recommends Final Dividend in Respect of 2024, Payable on 23 May 2025 The Board of Clarkson PLC is recommending a final dividend in respect of 2024 of 77 pence (2023: 72 pence) which, subject to shareholder approval, will be paid on 23 May 2025 to shareholders on the register at the close of business on 9 May 2025. Aankondiging • Jan 10
Clarkson PLC to Report Fiscal Year 2024 Results on Mar 10, 2025 Clarkson PLC announced that they will report fiscal year 2024 results on Mar 10, 2025 Upcoming Dividend • Aug 22
Upcoming dividend of UK£0.32 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (5.8%). Declared Dividend • Aug 07
First half dividend increased to UK£0.32 Dividend of UK£0.32 is 6.7% higher than last year. Ex-date: 29th August 2024 Payment date: 13th September 2024 Dividend yield will be 2.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 1.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 06
First half 2024 earnings released: EPS: UK£1.25 (vs UK£1.31 in 1H 2023) First half 2024 results: EPS: UK£1.25 (down from UK£1.31 in 1H 2023). Revenue: UK£310.1m (down 3.4% from 1H 2023). Net income: UK£38.2m (down 3.8% from 1H 2023). Profit margin: 12% (in line with 1H 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£37.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£48.68 per share. Buy Or Sell Opportunity • Aug 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to UK£37.30. The fair value is estimated to be UK£48.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 0.7% per annum over the same time period. Aankondiging • Jun 06
Clarkson PLC to Report First Half, 2024 Results on Aug 05, 2024 Clarkson PLC announced that they will report first half, 2024 results on Aug 05, 2024 New Risk • May 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£2.0m sold). Price Target Changed • May 10
Price target increased by 7.1% to UK£47.49 Up from UK£44.35, the current price target is an average from 5 analysts. New target price is 21% above last closing price of UK£39.25. Stock is up 31% over the past year. The company is forecast to post earnings per share of UK£2.60 for next year compared to UK£2.75 last year. New Risk • May 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (UK£2.0m sold). Recent Insider Transactions • Apr 19
CEO & Executive Director recently sold UK£1.2m worth of stock On the 15th of April, Andi Case sold around 30k shares on-market at roughly UK£40.75 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andi's only on-market trade for the last 12 months. Reported Earnings • Apr 04
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: UK£2.75 (up from UK£2.48 in FY 2022). Revenue: UK£639.4m (up 5.9% from FY 2022). Net income: UK£83.8m (up 11% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Shipping industry in Europe. 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 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 07
Final dividend increased to UK£0.72 Dividend of UK£0.72 is 13% higher than last year. Ex-date: 9th May 2024 Payment date: 24th May 2024 Dividend yield will be 2.6%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Mar 05
Clarkson PLC Recommends Final Dividend, Payable on 24 May 2024 Clarkson PLC has recommended a final dividend of 72 pence per share, bringing the total dividend for 2023 to 102 pence per share, an increase of 10% compared to 2022. Subject to shareholder approval, will be paid on 24 May 2024 to shareholders on the register at the close of business on 10 May 2024. Reported Earnings • Mar 04
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: UK£2.75 (up from UK£2.48 in FY 2022). Revenue: UK£639.4m (up 5.9% from FY 2022). Net income: UK£83.8m (up 11% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. 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 14% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 20
Now 21% undervalued Over the last 90 days, the stock has risen 22% to UK£34.70. The fair value is estimated to be UK£44.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 1.6% in 2 years. Earnings are forecast to decline by 14% in the next 2 years. Buy Or Sell Opportunity • Jan 23
Now 20% undervalued Over the last 90 days, the stock has risen 38% to UK£35.40. The fair value is estimated to be UK£44.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.0% in 2 years. Earnings are forecast to decline by 15% in the next 2 years. Aankondiging • Jan 05
Clarkson PLC to Report Fiscal Year 2023 Results on Mar 04, 2024 Clarkson PLC announced that they will report fiscal year 2023 results on Mar 04, 2024 Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Martine Bond was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 24
Upcoming dividend of UK£0.30 per share at 3.5% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (18%). Reported Earnings • Aug 08
First half 2023 earnings released: EPS: UK£1.31 (vs UK£0.98 in 1H 2022) First half 2023 results: EPS: UK£1.31 (up from UK£0.98 in 1H 2022). Revenue: UK£321.1m (up 20% from 1H 2022). Net income: UK£39.7m (up 32% from 1H 2022). Profit margin: 12% (up from 11% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.2% p.a. on average during the next 3 years compared to a 7.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 27
Clarkson PLC to Report First Half, 2023 Results on Aug 07, 2023 Clarkson PLC announced that they will report first half, 2023 results on Aug 07, 2023 Upcoming Dividend • May 04
Upcoming dividend of UK£0.64 per share at 3.1% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (16%). Recent Insider Transactions • Apr 25
CEO & Executive Director recently sold UK£130k worth of stock On the 18th of April, Andi Case sold around 4k shares on-market at roughly UK£30.85 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andi's only on-market trade for the last 12 months. Reported Earnings • Mar 07
Third quarter 2022 earnings released: EPS: UK£0.75 (vs UK£0.51 in 3Q 2021) Third quarter 2022 results: EPS: UK£0.75 (up from UK£0.51 in 3Q 2021). Revenue: UK£168.6m (up 33% from 3Q 2021). Net income: UK£22.8m (up 48% from 3Q 2021). Profit margin: 14% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 4 years, compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jan 10
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from UK£543.6m to UK£568.3m. EPS estimate increased from UK£2.08 to UK£2.31 per share. Net income forecast to grow 19% next year vs 3.1% decline forecast for Shipping industry in the United Kingdom. Consensus price target broadly unchanged at UK£41.70. Share price fell 6.2% to UK£29.35 over the past week. Aankondiging • Jan 06
Clarkson PLC to Report Fiscal Year 2022 Results on Mar 06, 2023 Clarkson PLC announced that they will report fiscal year 2022 results on Mar 06, 2023 Aankondiging • Jan 04
Clarkson PLC Announces Resignation of Peter Backhouse as Non-Executive Director Clarkson PLC confirmed that Peter Backhouse has stepped down as a Non-Executive Director with effect from 31 December 2022. Price Target Changed • Dec 19
Price target increased to UK£43.50 Up from UK£40.26, the current price target is an average from 4 analysts. New target price is 47% above last closing price of UK£29.65. Stock is down 19% over the past year. The company is forecast to post earnings per share of UK£2.08 for next year compared to UK£1.65 last year. Upcoming Dividend • Aug 25
Upcoming dividend of UK£0.29 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (5.3%). Lower than average of industry peers (10%). Reported Earnings • Aug 08
First half 2022 earnings released: EPS: UK£0.98 (vs UK£0.64 in 1H 2021) First half 2022 results: EPS: UK£0.98 (up from UK£0.64 in 1H 2021). Revenue: UK£266.7m (up 40% from 1H 2021). Net income: UK£30.0m (up 55% from 1H 2021). Profit margin: 11% (up from 10% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 4.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 15% share price gain to UK£34.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 41% over the past three years.