Log-In Logística Intermodal (BOVESPA:LOGN3) - Share price, News & Analysis

Q: What is the Fair Price of LOGN3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

LOGN3 (R$30.71) is trading below our estimate of [[fair value]] (R$47.02)

LOGN3 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	4/6
Financial Health	3/6
Dividends	0/6

LOGN3 Stock Overview

Log-in Logística Intermodal S.A. plans, manages, and operates logistics solutions through an intermodal network in Brazil and the Mercosur.

Rewards

Trading at 34.7% below our estimate of its fair value

Revenue is forecast to grow 18.53% per year

Earnings have grown 66.2% per year over the past 5 years

Risk Analysis

Interest payments are not well covered by earnings

Log-In Logística Intermodal Competitors

Trevisa Investimentos

BOVESPA:LUXM4

R$426.0m

Wilson Sons Holdings Brasil

BOVESPA:PORT3

R$3.5b

EcoRodovias Infraestrutura e Logística

BOVESPA:ECOR3

R$4.0b

Movida Participações

BOVESPA:MOVI3

R$4.9b

Price History & Performance

Summary of all time highs, changes and price drops for Log-In Logística Intermodal
Historical stock prices
Current Share Price	R$30.71
52 Week High	R$35.40
52 Week Low	R$14.32
Beta	0.28
1 Month Change	-8.68%
3 Month Change	8.94%
1 Year Change	62.75%
3 Year Change	144.70%
5 Year Change	874.92%
Change since IPO	-62.46%

Shareholder Returns

	LOGN3	BR Shipping	BR Market
7D	-3.8%	-8.5%	-0.3%
1Y	62.7%	14.9%	-29.1%

Return vs Industry: LOGN3 exceeded the BR Shipping industry which returned 20.6% over the past year.

Return vs Market: LOGN3 exceeded the BR Market which returned -29% over the past year.

Price Volatility

Is LOGN3's price volatile compared to industry and market?
LOGN3 volatility
LOGN3 Average Weekly Movement	5.1%
Shipping Industry Average Movement	7.3%
Market Average Movement	5.8%
10% most volatile stocks in BR Market	9.2%
10% least volatile stocks in BR Market	2.9%

Stable Share Price: LOGN3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LOGN3's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1973	n/a	Marcio Da Cruz Martins	https://www.loginlogistica.com.br

Log-in Logística Intermodal S.A. plans, manages, and operates logistics solutions through an intermodal network in Brazil and the Mercosur. The company has an integrated network that facilitates port movement and door to door transportation; and provides logistical planning, coasting trade, and port and intermodal terminal services. As of February 05, 2021, the company owned a fleet of six container ships with a capacity of 15,500 TEUs.

Log-In Logística Intermodal Fundamentals Summary

How do Log-In Logística Intermodal's earnings and revenue compare to its market cap?
LOGN3 fundamental statistics
Market Cap	R$3.21b
Earnings (TTM)	R$179.06m
Revenue (TTM)	R$1.49b

17.9x

P/E Ratio

2.2x

P/S Ratio

Is LOGN3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
LOGN3 income statement (TTM)
Revenue	R$1.49b
Cost of Revenue	R$1.14b
Gross Profit	R$344.05m
Other Expenses	R$164.99m
Earnings	R$179.06m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)	1.71
Gross Margin	23.11%
Net Profit Margin	12.03%
Debt/Equity Ratio	264.6%

How did LOGN3 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is LOGN3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 LOGN3?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for LOGN3. This is calculated by dividing LOGN3's market cap by their current preferred multiple.
What is LOGN3's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	R$3.21b

LOGN3 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/Revenue	2.9x
Enterprise Value/EBITDA	12.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does LOGN3's PE Ratio compare to its peers?

LOGN3 PE Ratio vs Peers

The above table shows the PE ratio for LOGN3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	13.6x
LUXM4 Trevisa Investimentos	25.4x	n/a	R$426.0m
PORT3 Wilson Sons Holdings Brasil	10.5x	n/a	R$3.5b
ECOR3 EcoRodovias Infraestrutura e Logística	13.3x	47.0%	R$4.0b
MOVI3 Movida Participações	5x	12.9%	R$4.9b
LOGN3 Log-In Logística Intermodal	17.9x	n/a	R$3.2b

Forward PE

Price-To-Earnings vs Peers: LOGN3 is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the peer average (13.6x).

Price to Earnings Ratio vs Industry

How does LOGN3's PE Ratio compare vs other companies in the Global Shipping Industry?

Price-To-Earnings vs Industry: LOGN3 is expensive based on its Price-To-Earnings Ratio (17.9x) compared to the South American Shipping industry average (3.1x)

Price to Earnings Ratio vs Fair Ratio

What is LOGN3'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.

LOGN3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LOGN3's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of LOGN3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LOGN3 (R$30.71) is trading below our estimate of fair value (R$47.02)

Significantly Below Fair Value: LOGN3 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LOGN3's PEG Ratio to determine if it is good value.

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Future Growth

How is Log-In Logística Intermodal forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

18.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if LOGN3's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if LOGN3's earnings are forecast to grow faster than the BR market

High Growth Earnings: Insufficient data to determine if LOGN3's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LOGN3's revenue (18.5% per year) is forecast to grow faster than the BR market (5.5% per year).

High Growth Revenue: LOGN3's revenue (18.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if LOGN3's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Log-In Logística Intermodal performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

66.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LOGN3 has high quality earnings.

Growing Profit Margin: LOGN3's current net profit margins (12%) are higher than last year (9.2%).

Past Earnings Growth Analysis

Earnings Trend: LOGN3 has become profitable over the past 5 years, growing earnings by 66.2% per year.

Accelerating Growth: LOGN3's earnings growth over the past year (68.4%) exceeds its 5-year average (66.2% per year).

Earnings vs Industry: LOGN3 earnings growth over the past year (68.4%) underperformed the Shipping industry 153.2%.

Return on Equity

High ROE: Whilst LOGN3's Return on Equity (32.93%) is high, this metric is skewed due to their high level of debt.

Discover strong past performing companies

Financial Health

How is Log-In Logística Intermodal'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: LOGN3's short term assets (R$1.0B) exceed its short term liabilities (R$524.2M).

Long Term Liabilities: LOGN3's short term assets (R$1.0B) do not cover its long term liabilities (R$1.8B).

Debt to Equity History and Analysis

Debt Level: LOGN3's net debt to equity ratio (161.6%) is considered high.

Reducing Debt: LOGN3's debt to equity ratio has reduced from 677.7% to 264.6% over the past 5 years.

Debt Coverage: LOGN3's debt is well covered by operating cash flow (31.2%).

Interest Coverage: LOGN3's interest payments on its debt are not well covered by EBIT (2.3x coverage).

Balance Sheet

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Dividend

What is Log-In Logística Intermodal current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.54%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate LOGN3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LOGN3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LOGN3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LOGN3's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LOGN3 has not reported any payouts.

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Management

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

2.4yrs

Average management tenure

CEO

Marcio Da Cruz Martins

1.92yrs

Tenure

Mr. Marcio Arany Da Cruz Martins serves as Transformation and Innovation Officer at Log-In Logística Intermodal S.A. since 2020 and serves as its Member of Board of Executive Officers. Mr. Da Cruz Martins...

Leadership Team

Experienced Management: LOGN3's management team is considered experienced (2.4 years average tenure).

Board Members

Experienced Board: LOGN3's board of directors are considered experienced (5.2 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/30 00:00
End of Day Share Price	2022/06/29 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31