Log-In Logística Intermodal Valuation

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$20.37) is trading below our estimate of [[fair value]] (R$93.03)

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

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$20.37) is trading below our estimate of fair value (R$93.03)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LOGN3?

Key metric: As LOGN3 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LOGN3. This is calculated by dividing LOGN3's market cap by their current revenue.
What is LOGN3's PS Ratio?
PS Ratio	0.8x
Sales	R$2.61b
Market Cap	R$2.17b

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	1.4x
Enterprise Value/EBITDA	9.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for LOGN3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.1x
HBSA3 Hidrovias do Brasil	1.5x	17.5%	R$2.5b
LUXM4 Trevisa Investimentos	1.8x	n/a	R$263.5m
TGMA3 Tegma Gestão Logística	1.1x	1.8%	R$2.1b
MOVI3 Movida Participações	0.2x	13.1%	R$2.4b
LOGN3 Log-In Logística Intermodal	0.8x	6.3%	R$2.2b

Price-To-Sales vs Peers: LOGN3 is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

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

9 Companies	Price / Sales	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: LOGN3 is good value based on its Price-To-Sales Ratio (0.8x) compared to the Global Shipping industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is LOGN3's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LOGN3 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	0.3x

Price-To-Sales vs Fair Ratio: LOGN3 is expensive based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.