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Logistec

TSX:LGT.A
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LGT.A
TSX
CA$561M
Market Cap
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Last updated 2019/04/23 23:39
Company description

Logistec Corporation, together with its subsidiaries, provides cargo handling and other services to marine, industrial, and municipal customers in Canada and the United States. The last earnings update was 39 days ago. More info.

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LGT.A Share Price and Events
7 Day Returns
0%
TSX:LGT.A
-0.2%
North America Infrastructure
0.6%
CA Market
1 Year Returns
-13.6%
TSX:LGT.A
-15.9%
North America Infrastructure
3.4%
CA Market
LGT.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Logistec (LGT.A) 0% 4.6% 2.3% -13.6% 5.4% 47.9%
North America Infrastructure -0.2% 3.5% -1.6% -15.9% -40.7% -28.2%
CA Market 0.6% 2.7% 8.3% 3.4% 15.7% 7.1%
1 Year Return vs Industry and Market
  • LGT.A outperformed the Infrastructure industry which returned -15.9% over the past year.
  • LGT.A underperformed the Market in Canada which returned 3.4% over the past year.
Price Volatility
LGT.A
Industry
5yr Volatility vs Market

Value

 Is Logistec undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Logistec to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Logistec.

TSX:LGT.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:LGT.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.992 (1 + (1- 26.5%) (31.55%)) 		1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.148 * 5.96%) 		8.79%

Discounted Cash Flow Calculation for TSX:LGT.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Logistec is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:LGT.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.79%)
2019 38.09 Est @ 28.3% 35.01
2020 45.85 Est @ 20.39% 38.74
2021 52.66 Est @ 14.86% 40.90
2022 58.45 Est @ 10.98% 41.73
2023 63.28 Est @ 8.27% 41.53
2024 67.32 Est @ 6.38% 40.60
2025 70.72 Est @ 5.05% 39.21
2026 73.63 Est @ 4.12% 37.52
2027 76.18 Est @ 3.47% 35.69
2028 78.47 Est @ 3.01% 33.79
Present value of next 10 years cash flows CA$384.71
TSX:LGT.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$78.47 × (1 + 1.95%) ÷ (8.79% – 1.95%) 		CA$1,168.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,168.84 ÷ (1 + 8.79%)10 		CA$503.28
TSX:LGT.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$384.71 + CA$503.28 		CA$887.98
Equity Value per Share
(CAD)		 = Total value / Shares Outstanding
= CA$887.98 / 12.80 		CA$69.36
TSX:LGT.A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in TSX:LGT.A represents 1.01149x of TSX:LGT.B
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		1.01149x
Value per Share
(Listing Adjusted, CAD)		 = Value per Share (CAD) x Listing Adjustment Factor
= CA$ 69.36 x 1.01149 		CA$70.15
Value per share (CAD) From above. CA$70.15
Current discount Discount to share price of CA$44.00
= -1 x (CA$44.00 - CA$70.15) / CA$70.15 		37.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Logistec is available for.
Intrinsic value
37%
Share price is CA$44 vs Future cash flow value of CA$70.15
Current Discount Checks
For Logistec to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Logistec's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Logistec's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Logistec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Logistec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:LGT.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$1.43
TSX:LGT.B Share Price ** TSX (2019-04-08) in CAD CA$43.5
North America Infrastructure Industry PE Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 30.48x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 14.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Logistec.

TSX:LGT.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:LGT.B Share Price ÷ EPS (both in CAD)

= 43.5 ÷ 1.43

 30.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Logistec is good value based on earnings compared to the North America Infrastructure industry average.
  • Logistec is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Logistec's expected growth come at a high price?
Raw Data
TSX:LGT.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -0.2%per year
Global Infrastructure Industry PEG Ratio Median Figure of 47 Publicly-Listed Infrastructure Companies 2.15x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Logistec, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Logistec's assets?
Raw Data
TSX:LGT.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$20.70
TSX:LGT.B Share Price * TSX (2019-04-08) in CAD CA$43.5
North America Infrastructure Industry PB Ratio Median Figure of 9 Publicly-Listed Infrastructure Companies 1.18x
Canada Market PB Ratio Median Figure of 2,380 Publicly-Listed Companies 1.51x
TSX:LGT.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:LGT.B Share Price ÷ Book Value per Share (both in CAD)

= 43.5 ÷ 20.70

 2.1x

* Primary Listing of Logistec.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Logistec is overvalued based on assets compared to the North America Infrastructure industry average.
X
Value checks
We assess Logistec's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
    5. Logistec has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Logistec expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Logistec, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Logistec expected to grow at an attractive rate?
  • Logistec's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Logistec's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
  • Unable to compare Logistec's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:LGT.A Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:LGT.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -0.2%
North America Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 26.8%
Global Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:LGT.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:LGT.A Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 585 59 18
2018-09-29 562 49 28
2018-06-30 545 32 17
2018-03-31 498 39 19
2017-12-31 476 44 27
2017-09-30 426 61 23
2017-06-24 361 59 21
2017-03-25 339 53 17
2016-12-31 343 27 19
2016-09-24 340 17 18
2016-06-25 353 28 21
2016-03-26 362 25 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Logistec's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Logistec is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:LGT.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Logistec Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:LGT.A Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 1.43
2018-09-29 2.21
2018-06-30 1.32
2018-03-31 1.57
2017-12-31 2.23
2017-09-30 1.89
2017-06-24 1.75
2017-03-25 1.44
2016-12-31 1.55
2016-09-24 1.45
2016-06-25 1.69
2016-03-26 2.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Logistec will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Logistec's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Logistec has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Logistec performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Logistec's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Logistec's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Logistec's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Logistec's 1-year earnings growth is negative, it can't be compared to the North America Infrastructure industry average.
Earnings and Revenue History
Logistec's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Logistec Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:LGT.A Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 584.88 18.06
2018-09-29 561.66 27.86
2018-06-30 545.44 16.56
2018-03-31 498.11 19.48
2017-12-31 475.74 27.43
2017-09-30 426.00 23.11
2017-06-24 360.78 21.30
2017-03-25 338.54 17.47
2016-12-31 343.33 18.86
2016-09-24 340.01 17.82
2016-06-25 352.85 20.77
2016-03-26 362.50 26.49
2015-12-31 358.01 29.14
2015-09-26 352.45 28.58
2015-06-27 330.42 28.43
2015-03-28 319.86 29.21
2014-12-31 322.22 31.04
2014-09-27 314.82 30.38
2014-06-28 309.63 29.99
2014-03-29 303.67 29.93
2013-12-31 298.30 27.52
2013-09-28 287.21 27.45
2013-06-29 276.74 22.99
2013-03-30 264.07 18.99
2012-12-31 250.86 15.91
2012-09-29 249.70 12.33
2012-06-30 238.33 18.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Logistec has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Logistec used its assets more efficiently than the North America Infrastructure industry average last year based on Return on Assets.
  • Logistec's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Logistec's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Logistec has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Logistec's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Logistec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Logistec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Logistec's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Logistec's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Logistec Company Filings, last reported 3 months ago.

TSX:LGT.A Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 264.39 176.87 15.81
2018-09-29 245.13 178.32 2.07
2018-06-30 229.07 203.04 9.18
2018-03-31 223.05 170.40 6.18
2017-12-31 230.80 93.23 5.02
2017-09-30 220.67 107.66 7.36
2017-06-24 201.52 47.81 9.34
2017-03-25 200.44 47.12 14.39
2016-12-31 203.18 60.33 16.99
2016-09-24 193.13 67.48 10.96
2016-06-25 183.80 58.31 7.86
2016-03-26 187.16 45.06 11.06
2015-12-31 209.65 32.08 23.81
2015-09-26 202.49 36.65 13.31
2015-06-27 187.02 34.03 11.12
2015-03-28 181.69 26.60 18.26
2014-12-31 179.42 29.27 26.38
2014-09-27 172.04 33.32 19.80
2014-06-28 159.76 17.97 21.98
2014-03-29 165.88 6.72 19.74
2013-12-31 163.68 7.72 19.64
2013-09-28 158.58 8.81 17.46
2013-06-29 146.95 18.56 15.86
2013-03-30 136.72 20.12 7.94
2012-12-31 134.62 24.19 7.52
2012-09-29 130.34 32.63 7.52
2012-06-30 123.43 16.91 3.99
  • Logistec's level of debt (66.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.7% vs 66.9% today).
  • Debt is well covered by operating cash flow (33.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Logistec's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Logistec has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Logistec's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.92%
Current annual income from Logistec dividends.
If you bought CA$2,000 of Logistec shares you are expected to receive CA$18 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Logistec's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.05%).
  • Logistec's dividend is below the markets top 25% of dividend payers in Canada (5.51%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:LGT.A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 3.9%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:LGT.A Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.399 0.905
2018-12-06 0.399 0.918
2018-08-09 0.399 0.781
2018-05-10 0.363 0.682
2018-03-16 0.363 0.736
2017-12-05 0.363 0.810
2017-07-28 0.363 0.908
2017-05-09 0.330 0.938
2017-03-17 0.330 0.921
2016-12-09 0.330 0.953
2016-07-29 0.330 0.912
2016-05-06 0.330 0.827
2016-03-22 0.330 0.797
2015-12-09 0.330 0.892
2015-07-31 0.330 0.799
2015-05-08 0.275 0.605
2015-03-24 0.275 0.709
2014-12-11 0.275 0.721
2014-08-01 0.275 0.708
2014-05-07 0.231 0.686
2014-03-21 0.231 0.841
2013-12-12 0.231 0.835
2013-08-12 0.231 1.145
2013-05-09 0.198 1.336
2013-03-21 0.198 1.481
2012-12-13 0.198 1.558
2012-08-13 0.198 1.736
2012-04-26 0.192 1.844
2012-03-22 0.192 1.893
2011-12-09 0.192 1.967
2011-08-03 0.192 2.037
2011-05-06 0.188 1.775
2011-03-22 0.188 1.701
2010-12-09 0.188 1.856
2010-08-05 0.188 2.049
2010-04-27 0.170 2.053
2010-03-18 0.170 2.211
2009-12-10 0.170 2.480
2009-08-07 0.170 2.661
2009-04-27 0.170 3.099

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Logistec is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • Logistec is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Logistec's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Logistec's dividends as it is not paying a notable one for Canada.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Logistec's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Logistec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Logistec has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Logistec's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Madeleine Paquin
COMPENSATION CA$1,495,960
AGE 56
TENURE AS CEO 23.3 years
CEO Bio

Ms. Madeleine M. Paquin, C.M. has been the President and Chief Executive Officer at Logistec Corp. since January 1996. Ms. Paquin has been an Independent Director of Air Canada since May 12, 2015. She has been a Director of Logistec Corp. since 1987. She serves as a Director of Aeroport de Montreal, Quebec Railway Corp., and the Chamber of Commerce of Quebec and serves as Member of the Ivey Advisory Board, Richard Ivey School of Business. She serves as a Director of Sun Life Financial Services of Canada Inc. She serves as a Director of Signal Mutual Indemnity Association Ltd. She served as a Director of Canadian Pacific Railway Company since 2001. She served as an Independent Director of Canadian Pacific Railway Limited from October 2001 to May 1, 2013. She served as a Director of Sun Life Financial Inc. since 2001. She served as a Director of Board Of Trade Of Metropolitan Montreal. She served as a Director of Sun Life Assurance Co. of Canada since 2001. She served as a Director of Canadian Manufacturers and Exporters and The Conference Board of Canada. She serves as a Director of Foundations of the Montreal Children's Hospital and the Montreal YMCA. She served as Director of Aéroports de Montréal(also known as Aeroports De Montreal). Ms. Paquin is a Member of the Marine Industry Forum and is Chair of the Marine Transportation Advisory Council. Ms. Paquin is also a Director and Vice President of CargoM, the Logistics and Transportation Metropolitan Cluster of Montreal and is Co-Chair of its Working Group I - L&T Development Opportunities. She graduated from École des Hautes Études Commerciales, Université de Montréal with a G.D.A.S. and from the Richard Ivey School of Business, University of Western Ontario with an H.B.A.

CEO Compensation
  • Madeleine's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Madeleine's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Logistec management team in years:

11.1
Average Tenure
  • The average tenure for the Logistec management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Madeleine Paquin

TITLE
President
COMPENSATION
CA$1M
AGE
56
TENURE
23.3 yrs

Jean-Claude Dugas

TITLE
Chief Financial Officer
COMPENSATION
CA$689K
TENURE
18.2 yrs

Frank Vannelli

TITLE
Senior Vice-President of Commercial & Business Development
COMPENSATION
CA$744K

Alain Sauriol

TITLE
President of Sanexen
COMPENSATION
CA$882K

Rodney Corrigan

TITLE
President of Logistec Stevedoring Inc
COMPENSATION
CA$804K
TENURE
0.3 yrs

Ingrid Stefancic

TITLE
VP of Corporate & Legal Services and Corporate Secretary
TENURE
22.3 yrs

Marie-Chantal Savoy

TITLE
Vice-President of Strategy & Communications
TENURE
1.7 yrs

Stéphane Blanchette

TITLE
Vice-President of Human Resources
TENURE
4.1 yrs

Suzanne Paquin

TITLE
VP & Director

Nicole Paquin

TITLE
VP of Information Systems & Director
Board of Directors Tenure

Average tenure and age of the Logistec board of directors in years:

13.3
Average Tenure
64
Average Age
  • The average tenure for the Logistec board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

George Jones

TITLE
Chairman of the Board
COMPENSATION
CA$114K
AGE
75
TENURE
2.9 yrs

Madeleine Paquin

TITLE
President
COMPENSATION
CA$1M
AGE
56
TENURE
32.3 yrs

Suzanne Paquin

TITLE
VP & Director
TENURE
32.3 yrs

Nicole Paquin

TITLE
VP of Information Systems & Director
TENURE
15.3 yrs

George Gugelmann

TITLE
Independent Director
COMPENSATION
CA$57K
TENURE
20.3 yrs

James Cherry

TITLE
Independent Director
COMPENSATION
CA$63K
AGE
64
TENURE
8.3 yrs

Serge Dubreuil

TITLE
Independent Director
COMPENSATION
CA$54K
TENURE
24.3 yrs

Rudy Mack

TITLE
Independent Director
COMPENSATION
CA$54K
TENURE
11.3 yrs

Luc Sabbatini

TITLE
Independent Director
COMPENSATION
CA$55K
TENURE
7 yrs

J. Rodger

TITLE
Independent Director
COMPENSATION
CA$55K
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Logistec's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Logistec has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Logistec Corporation, together with its subsidiaries, provides cargo handling and other services to marine, industrial, and municipal customers in Canada and the United States. The company operates in two segments, Marine Services and Environmental Services. The Marine Services segment provides specialized cargo handling services, which include container, bulk, breakbulk, and general and project cargo, as well as other services through the operation of 61 terminals in 37 ports in eastern North America. It specializes in handling dry cargoes, which consist of forest products, metals, dry bulk, fruit, and grain and bagged cargoes, as well as offers container stuffing and destuffing, warehousing and distribution, and other value-added services. In addition, the company provides loading and unloading of ships, trucks, and railway cars and other related operations; and port logistics. Further, it offers other marine services, including coastal transportation of cargoes to communities in the Canadian Arctic; and marine agency services to foreign shipowners and operators, as well as owns and operates five ice-class vessels. The Environmental Services segment is involved in the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and woven-hose manufacturing. It also offers turnkey solutions for the assessment of properties and the clean-up of soils, groundwater, buildings, lagoons, and underground tanks, as well as analyzes and evaluates the human and environmental risks associated with contamination issues. The company was formerly known as Quebec Terminals Ltd. and changed its name to Logistec Corporation in April 1969. Logistec Corporation was founded in 1952 and is headquartered in Montreal, Canada.

Details
Name: Logistec Corporation
LGT.A
Exchange: TSX
Founded: 1952
CA$560,632,211
12,803,123
Website: http://www.logistec.com
Address: Logistec Corporation
360 St. Jacques Street,
Suite 1500,
Montreal,
Quebec, H2Y 1P5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX LGT.B Class B Subordinated Voting Shares The Toronto Stock Exchange CA CAD 26. Jun 1986
OTCPK LTKB.F Class B Subordinated Voting Shares Pink Sheets LLC US USD 26. Jun 1986
TSX LGT.A Class A Common Shares The Toronto Stock Exchange CA CAD 09. Jan 1979
Number of employees
Current staff
Staff numbers
2,700
Logistec employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:39
End of day share price update: 2019/04/08 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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