company background image
KSC

K&S ASX:KSC Stock Report

Last Price

AU$1.75

Market Cap

AU$229.4m

7D

0%

1Y

15.1%

Updated

28 Jun, 2022

Data

Company Financials
KSC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends2/6

KSC Stock Overview

K&S Corporation Limited provides transportation and logistics, contract management, warehousing and distribution, and fuel distribution services primarily in Australia and New Zealand.

K&S Competitors

Price History & Performance

Summary of all time highs, changes and price drops for K&S
Historical stock prices
Current Share PriceAU$1.75
52 Week HighAU$1.85
52 Week LowAU$1.51
Beta0.062
1 Month Change-2.24%
3 Month Change0%
1 Year Change15.13%
3 Year Change-5.41%
5 Year Change8.03%
Change since IPO268.42%

Recent News & Updates

Feb 24
K&S' (ASX:KSC) Upcoming Dividend Will Be Larger Than Last Year's

K&S' (ASX:KSC) Upcoming Dividend Will Be Larger Than Last Year's

K&S Corporation Limited ( ASX:KSC ) has announced that it will be increasing its dividend on the 1st of April to...

Nov 10
K&S (ASX:KSC) Has A Somewhat Strained Balance Sheet

K&S (ASX:KSC) Has A Somewhat Strained Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

KSCAU LogisticsAU Market
7D0%2.5%2.8%
1Y15.1%-11.7%-9.6%

Return vs Industry: KSC exceeded the Australian Logistics industry which returned -11.7% over the past year.

Return vs Market: KSC exceeded the Australian Market which returned -9.6% over the past year.

Price Volatility

Is KSC's price volatile compared to industry and market?
KSC volatility
KSC Average Weekly Movement6.7%
Logistics Industry Average Movement5.7%
Market Average Movement9.8%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.3%

Stable Share Price: KSC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: KSC's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19451,872Paul Saranthttps://www.ksgroup.com.au

K&S Corporation Limited provides transportation and logistics, contract management, warehousing and distribution, and fuel distribution services primarily in Australia and New Zealand. The company operates through three segments: Australian Transport, Fuels, and New Zealand Transport. It provides road, rail, and coastal sea forwarding for full and break bulk loads, including export packing, wharf lodgement, and the delivery of integrated supply chain and system solutions; remote, regional, and metro bulk fuel, oil, and gas transportation and distribution services; and dry and liquid bulk transportation services to mining, sugar, cement, and fertilizer industries.

K&S Fundamentals Summary

How do K&S's earnings and revenue compare to its market cap?
KSC fundamental statistics
Market CapAU$229.40m
Earnings (TTM)AU$9.45m
Revenue (TTM)AU$705.33m

24.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KSC income statement (TTM)
RevenueAU$705.33m
Cost of RevenueAU$615.87m
Gross ProfitAU$89.45m
Other ExpensesAU$80.01m
EarningsAU$9.45m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 24, 2022

Earnings per share (EPS)0.072
Gross Margin12.68%
Net Profit Margin1.34%
Debt/Equity Ratio19.1%

How did KSC perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

112%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is KSC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KSC?

Other financial metrics that can be useful for relative valuation.

KSC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA6.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does KSC's PE Ratio compare to its peers?

KSC PE Ratio vs Peers
The above table shows the PE ratio for KSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average148x
SLH Silk Logistics Holdings
21.5x31.9%AU$163.7m
CLX CTI Logistics
8.7xn/aAU$76.9m
WWG Wiseway Group
545.5xn/aAU$18.8m
LAU Lindsay Australia
16.5x14.1%AU$114.8m
KSC K&S
24.3xn/aAU$229.4m

Price-To-Earnings vs Peers: KSC is good value based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (148x).


Price to Earnings Ratio vs Industry

How does KSC's PE Ratio compare vs other companies in the Global Logistics Industry?

Price-To-Earnings vs Industry: KSC is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the Global Logistics industry average (14.3x)


Price to Earnings Ratio vs Fair Ratio

What is KSC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KSC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KSC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of KSC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KSC (A$1.75) is trading above our estimate of fair value (A$1.54)

Significantly Below Fair Value: KSC is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KSC's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is K&S forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.4%

Forecasted Transportation industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as K&S has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of KSC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • K&S competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has K&S performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KSC has high quality earnings.

Growing Profit Margin: KSC's current net profit margins (1.3%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: KSC has become profitable over the past 5 years, growing earnings by 24.6% per year.

Accelerating Growth: KSC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KSC had negative earnings growth (-62.8%) over the past year, making it difficult to compare to the Logistics industry average (81.4%).


Return on Equity

High ROE: KSC's Return on Equity (3.4%) is considered low.


Discover strong past performing companies

Financial Health

How is K&S's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KSC's short term assets (A$133.5M) exceed its short term liabilities (A$121.0M).

Long Term Liabilities: KSC's short term assets (A$133.5M) do not cover its long term liabilities (A$142.1M).


Debt to Equity History and Analysis

Debt Level: KSC's net debt to equity ratio (11.8%) is considered satisfactory.

Reducing Debt: KSC's debt to equity ratio has increased from 5.7% to 19.1% over the past 5 years.

Debt Coverage: KSC's debt is well covered by operating cash flow (123.3%).

Interest Coverage: KSC's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is K&S current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KSC's dividend (5.14%) is higher than the bottom 25% of dividend payers in the Australian market (2.73%).

High Dividend: KSC's dividend (5.14%) is low compared to the top 25% of dividend payers in the Australian market (6.67%).


Stability and Growth of Payments

Stable Dividend: KSC's dividend payments have been volatile in the past 10 years.

Growing Dividend: KSC's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (111.7%), KSC's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (81.8%), KSC's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.6yrs

Average management tenure


CEO

Paul Sarant (54 yo)

8.17yrs

Tenure

AU$1,129,438

Compensation

Mr. Paul Sarant, B.Eng has been Chief Executive Officer and Managing Director of K&S Corporation Limited since April 22, 2014. Mr. Sarant served as Executive General Manager of DTM at K&S Corporation Limit...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD784.50K) is above average for companies of similar size in the Australian market ($USD588.25K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KSC's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: KSC's board of directors are considered experienced (6.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

K&S Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: K&S Corporation Limited
  • Ticker: KSC
  • Exchange: ASX
  • Founded: 1945
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: AU$229.395m
  • Shares outstanding: 131.08m
  • Website: https://www.ksgroup.com.au

Number of Employees


Location

  • K&S Corporation Limited
  • 591 Boundary Road
  • Truganina
  • Victoria
  • 3029
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.