Loading...

Cache Logistics Trust

DB:A6C
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A6C
DB
SGD776M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

Listed on the Singapore Exchange on 12 April 2010, Cache Logistics Trust is a real estate investment trust (“REIT”) that invests in quality income-producing industrial real estate used for logistics purposes, as well as real estate-related assets, in Asia Pacific. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
A6C Share Price and Events
7 Day Returns
-1.8%
DB:A6C
1.6%
Europe REITs
1.8%
DE Market
1 Year Returns
-11%
DB:A6C
-0.6%
Europe REITs
-8.9%
DE Market
A6C Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cache Logistics Trust (A6C) -1.8% 0.7% 4.2% -11% -17.2% -26.7%
Europe REITs 1.6% 3.2% 6.9% -0.6% 1.7% 11.5%
DE Market 1.8% 3.9% 6.1% -8.9% 9.3% 11.7%
1 Year Return vs Industry and Market
  • A6C underperformed the REITs industry which returned -0.6% over the past year.
  • A6C underperformed the Market in Germany which returned -8.9% over the past year.
Price Volatility
A6C
Industry
5yr Volatility vs Market

Value

 Is Cache Logistics Trust 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 Cache Logistics Trust 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    Our intrinsic value calculation method has changed recently, learn more here.

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

DB:A6C Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:A6C
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.537 (1 + (1- 17%) (60.58%))
0.87
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.87 * 5.96%)
5.41%

Discounted Cash Flow Calculation for DB:A6C using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cache Logistics Trust 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.

DB:A6C DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 5.41%)
2019 64.50 Analyst x1 61.19
2020 82.20 Analyst x1 73.97
2021 83.50 Analyst x1 71.28
2022 84.47 Est @ 1.17% 68.41
2023 85.22 Est @ 0.89% 65.47
2024 85.81 Est @ 0.69% 62.54
2025 86.28 Est @ 0.55% 59.65
2026 86.67 Est @ 0.45% 56.84
2027 87.01 Est @ 0.39% 54.13
2028 87.30 Est @ 0.34% 51.52
Present value of next 10 years cash flows SGD625.01
DB:A6C DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD87.30 × (1 + 0.23%) ÷ (5.41% – 0.23%)
SGD1,687.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD1,687.00 ÷ (1 + 5.41%)10
SGD995.64
DB:A6C Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD625.01 + SGD995.64
SGD1,620.64
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD1,620.64 / 1,077.88
SGD0.57
DB:A6C Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:A6C represents 0.61528x of SGX:K2LU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61528x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 0.93 x 0.61528
€0.57
Value per share (EUR) From above. €0.57
Current discount Discount to share price of €0.44
= -1 x (€0.44 - €0.57) / €0.57
22.2%

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

Current Discount
Amount off the current price Cache Logistics Trust is available for.
Intrinsic value
22%
Share price is €0.443 vs Future cash flow value of €0.56919
Current Discount Checks
For Cache Logistics Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cache Logistics Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cache Logistics Trust'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 Cache Logistics Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cache Logistics Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A6C PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SGD SGD0.03
SGX:K2LU Share Price ** SGX (2019-03-15) in SGD SGD0.72
Europe REITs Industry PE Ratio Median Figure of 125 Publicly-Listed REITs Companies 12.39x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.52x

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

** Primary Listing of Cache Logistics Trust.

DB:A6C PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:K2LU Share Price ÷ EPS (both in SGD)

= 0.72 ÷ 0.03

26x

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

  • Cache Logistics Trust is overvalued based on earnings compared to the Europe REITs industry average.
  • Cache Logistics Trust is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Cache Logistics Trust's expected growth come at a high price?
Raw Data
DB:A6C PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
22.2%per year
Europe REITs Industry PEG Ratio Median Figure of 64 Publicly-Listed REITs Companies 0.18x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:A6C PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26x ÷ 22.2%

1.17x

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

  • Cache Logistics Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cache Logistics Trust's assets?
Raw Data
DB:A6C PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SGD SGD0.76
SGX:K2LU Share Price * SGX (2019-03-15) in SGD SGD0.72
Europe REITs Industry PB Ratio Median Figure of 149 Publicly-Listed REITs Companies 0.97x
Germany Market PB Ratio Median Figure of 569 Publicly-Listed Companies 1.77x
DB:A6C PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:K2LU Share Price ÷ Book Value per Share (both in SGD)

= 0.72 ÷ 0.76

0.95x

* Primary Listing of Cache Logistics Trust.

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

  • Cache Logistics Trust is good value based on assets compared to the Europe REITs industry average.
X
Value checks
We assess Cache Logistics Trust'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 REITs 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 REITs industry average (and greater than 0)? (1 check)
  5. Cache Logistics Trust 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 Cache Logistics Trust expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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
22.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cache Logistics Trust expected to grow at an attractive rate?
  • Cache Logistics Trust's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Cache Logistics Trust's earnings growth is expected to exceed the Germany market average.
  • Cache Logistics Trust's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A6C Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A6C Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 22.2%
DB:A6C Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.3%
Europe REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Europe REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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
DB:A6C Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A6C Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 130 90 66 4
2020-12-31 126 82 63 7
2019-12-31 123 84 62 7
DB:A6C Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2018-12-31 122 80 30
2018-09-30 120 79 21
2018-06-30 116 77 23
2018-03-31 114 78 22
2017-12-31 112 82 24
2017-09-30 110 75 9
2017-06-30 110 79 -27
2017-03-31 110 82 -25
2016-12-31 111 81 -24
2016-09-30 108 80 -46
2016-06-30 103 74 -11
2016-03-31 97 65 -13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cache Logistics Trust's earnings are expected to grow significantly at over 20% yearly.
  • Cache Logistics Trust's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
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
DB:A6C Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Cache Logistics Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A6C Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.06 0.07 0.05 3.00
2020-12-31 0.06 0.07 0.05 3.00
2019-12-31 0.06 0.07 0.05 3.00
DB:A6C Past Financials Data
Date (Data in SGD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.01
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.05
2016-06-30 -0.01
2016-03-31 -0.02

*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.
  • Cache Logistics Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cache Logistics Trust'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Cache Logistics Trust has a total score of 3/6, 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 Cache Logistics Trust 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 Cache Logistics Trust's growth in the last year to its industry (REITs).
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.
  • Cache Logistics Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Cache Logistics Trust's 1-year earnings growth exceeds its 5-year average (24.1% vs -35.3%)
  • Cache Logistics Trust's earnings growth has exceeded the Europe REITs industry average in the past year (24.1% vs 1.9%).
Earnings and Revenue History
Cache Logistics Trust'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 Cache Logistics Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A6C Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 121.54 29.69 3.02
2018-09-30 120.13 20.76 2.75
2018-06-30 116.06 22.82 2.72
2018-03-31 113.93 21.96 2.83
2017-12-31 111.96 23.92 3.08
2017-09-30 109.65 8.71 3.69
2017-06-30 110.27 -27.16 3.82
2017-03-31 110.46 -25.26 3.49
2016-12-31 111.27 -23.97 3.13
2016-09-30 108.03 -45.78 2.74
2016-06-30 103.12 -11.18 2.22
2016-03-31 96.58 -13.31 2.11
2015-12-31 89.72 -12.32 1.97
2015-09-30 86.30 62.98 1.62
2015-06-30 83.95 64.96 1.96
2015-03-31 83.18 66.17 1.97
2014-12-31 82.85 65.81 1.94
2014-09-30 82.94 65.26 1.99
2014-06-30 82.86 65.47 1.81
2014-03-31 82.52 65.09 2.19
2013-12-31 80.96 63.70 2.05
2013-09-30 79.39 81.95 2.40
2013-06-30 77.78 80.62 2.27
2013-03-31 74.89 68.06 2.20
2012-12-31 72.64 66.41 2.25
2012-09-30 70.40 61.53 1.82
2012-06-30 68.05 60.81 1.80
2012-03-31 66.67 70.90 1.27

*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.
  • Cache Logistics Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cache Logistics Trust used its assets less efficiently than the Europe REITs industry average last year based on Return on Assets.
  • Cache Logistics Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cache Logistics Trust'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 REITs 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.
Cache Logistics Trust has a total score of 3/6, 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 Cache Logistics Trust'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 Cache Logistics Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cache Logistics Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cache Logistics Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cache Logistics Trust'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 not covered by short term assets, assets are 0.1x 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 Cache Logistics Trust Company Filings, last reported 2 months ago.

DB:A6C Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 814.70 470.18 33.34
2018-09-30 848.49 476.74 19.46
2018-06-30 855.94 474.04 17.75
2018-03-31 854.30 543.09 18.00
2017-12-31 765.67 446.69 14.97
2017-09-30 695.84 546.06 8.79
2017-06-30 695.64 542.97 9.90
2017-03-31 698.55 538.79 7.10
2016-12-31 701.14 540.83 13.56
2016-09-30 743.60 528.99 9.43
2016-06-30 780.25 522.23 10.37
2016-03-31 785.90 519.88 6.30
2015-12-31 786.51 523.57 8.47
2015-09-30 761.56 487.59 9.90
2015-06-30 763.02 475.43 16.69
2015-03-31 766.69 446.44 11.47
2014-12-31 766.90 349.25 11.36
2014-09-30 759.40 311.64 11.93
2014-06-30 759.87 311.53 31.81
2014-03-31 760.93 310.79 40.38
2013-12-31 761.75 310.42 40.75
2013-09-30 755.70 309.83 43.28
2013-06-30 757.28 309.26 43.76
2013-03-31 755.77 309.82 96.49
2012-12-31 671.88 308.92 13.28
2012-09-30 646.49 308.03 13.44
2012-06-30 645.53 239.58 10.99
2012-03-31 650.41 254.99 70.14
  • Cache Logistics Trust's level of debt (57.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.8% vs 57.7% today).
  • Debt is not well covered by operating cash flow (17.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Cache Logistics Trust'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. Cache Logistics Trust has a total score of 1/6, 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 Cache Logistics Trust'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
8.2%
Current annual income from Cache Logistics Trust dividends. Estimated to be 8.25% next year.
If you bought €2,000 of Cache Logistics Trust shares you are expected to receive €164 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?
  • Cache Logistics Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.47%).
  • Cache Logistics Trust's dividend is above the markets top 25% of dividend payers in Germany (3.88%).
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
DB:A6C 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 7 Analyst Estimates (S&P Global) See Below
Europe REITs Industry Average Dividend Yield Market Cap Weighted Average of 118 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:A6C Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.06 1.00
2021-12-31 0.06 4.00
2020-12-31 0.06 7.00
2019-12-31 0.06 7.00
DB:A6C Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-01-24 0.059 8.197
2018-03-28 0.067 9.024
2018-01-18 0.067 7.960
2017-03-30 0.077 8.878
2017-01-23 0.077 9.485
2016-10-21 0.074 9.048
2016-07-20 0.080 8.880
2016-03-24 0.085 9.877
2016-01-25 0.085 10.042
2015-03-26 0.086 8.285
2015-01-27 0.086 7.352
2014-03-27 0.086 7.334
2014-01-20 0.086 7.778
2013-04-01 0.084 6.923
2013-01-21 0.084 6.463
2012-03-22 0.084 7.515
2012-01-18 0.084 8.382
2011-10-27 0.084 8.696
2011-07-27 0.083 8.642
2011-04-26 0.078 8.191
2011-02-07 0.077 8.180
2010-10-28 0.078 8.026
2010-07-29 0.068 6.939

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

  • Cache Logistics Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Cache Logistics Trust has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Cache Logistics Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Cache Logistics Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Cache Logistics Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cache Logistics Trust has a total score of 3/6, 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 Cache Logistics Trust'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
Daniel Cerf
CEO Bio

Mr. Daniel Cerf serves as the Chief Executive Officer at ARA-CWT Trust Management (Cache) Limited, the manager of Cache Logistics Trust. Mr. Cerf served as Deputy Chief Executive Officer of K-REIT Asia Management Limited from August 2006 to March 2009. He served as General Manager of Special Duties, Keppel Land. He served as the Deputy Chief Executive Officer of Keppel REIT Management Limited. He worked in the areas of strategic planning, investor relations, portfolio management, operations, as well as in business development opportunities in Singapore and the pan-Asian markets. Mr. Cerf has also held key positions with First Pacific Land in Hong Kong and Singapore, in addition to Supreme Value Properties in Malaysia and Land & Capital Co. Limited in Thailand. He has extensive experience in real estate in Asia, working on investment and development ventures in Hong Kong, Philippines, Singapore, Indonesia, Thailand, Vietnam and Malaysia. Mr. Cerf is a Licensed Architect in the United States. He holds a Bachelor of Architecture (Dean's List) from the University of Oklahoma, USA with emphasis on urban planning and architectural development.

CEO Compensation
  • Insufficient data for Daniel to compare compensation growth.
  • Insufficient data for Daniel to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Cache Logistics Trust management team in years:

3.4
Average Tenure
  • The tenure for the Cache Logistics Trust management team is about average.
Management Team

Daniel Cerf

TITLE
Chief Executive Officer

Robert Wong

TITLE
Director of Finance & Operations
AGE
45
TENURE
4.2 yrs

Jiann Ching Ho

TITLE
Director & Head of Investment Management at ARA-CWT Trust Mgmt (Cache) Ltd

Judy Tan

TITLE
Director of Investor Relations at ARA-CWT Trust Management (Cache) Limited

David Wong

TITLE
Head of Finance & Leasing - Cache Property Management Pte Ltd

Sharon Yeoh

TITLE
Secretary of ARA-CWT Trust Management (Cache) Limited
AGE
59
TENURE
3.4 yrs

Wai Ming Chiang

TITLE
Secretary of ARA-CWT Trust Management (Cache) Limited
TENURE
3.4 yrs

Jimmy Chan

TITLE
General Manager of Cache Property Management Pte Ltd
Board of Directors Tenure

Average tenure and age of the Cache Logistics Trust board of directors in years:

3.2
Average Tenure
62
Average Age
  • The tenure for the Cache Logistics Trust board of directors is about average.
Board of Directors

How Teck Lim

TITLE
Chairman of the Board at ARA-CWT Trust Management (Cache) Limited
COMPENSATION
SGD90K
AGE
67
TENURE
9 yrs

Lee Meng Lim

TITLE
Lead Independent Non-Executive Director of ARA-CWT Trust Management (Cache) Limited
COMPENSATION
SGD65K
AGE
62

Kong Lim

TITLE
Independent Non-Executive Director of ARA-CWT Trust Management (Cache) Limited
COMPENSATION
SGD65K
TENURE
3.2 yrs

Nam Chia

TITLE
Non-Executive Director of ARA Trust Management (Cache) Limited
AGE
58
TENURE
0.7 yrs

Eng Oh

TITLE
Independent Non-Executive Director of ARA Trust Management (Cache) Limited
AGE
62
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 (€) Value (€)
08. Mar 19 Buy PPM America, Inc Company 06. Mar 19 06. Mar 19 1,781,200 €0.08 €143,796
25. Jan 19 Sell ARA Asset Management Limited Company 25. Jan 19 25. Jan 19 -3,227,895 €0.45 €-1,464,321
25. Jan 19 Buy ARA Asset Management Limited Company 25. Jan 19 25. Jan 19 3,227,895 €0.45 €1,464,321
26. Oct 18 Sell ARA Asset Management Limited Company 26. Oct 18 26. Oct 18 -1,720,735 €0.47 €-808,312
26. Oct 18 Buy ARA Asset Management Limited Company 26. Oct 18 26. Oct 18 1,720,735 €0.47 €808,312
28. Sep 18 Buy How Teck Lim Individual 27. Sep 18 27. Sep 18 48,800 €0.46 €22,488
27. Sep 18 Buy How Teck Lim Individual 25. Sep 18 25. Sep 18 51,200 €0.46 €23,410
06. Sep 18 Sell ARA Asset Management Limited Company 06. Sep 18 06. Sep 18 -20 €0.46 €-9
04. Sep 18 Buy How Teck Lim Individual 03. Sep 18 03. Sep 18 100,000 €0.46 €46,418
03. Sep 18 Buy ARA Asset Management Limited Company 30. Aug 18 30. Aug 18 43,660,000 €0.46 €20,273,473
28. Aug 18 Buy ARA Asset Management Limited Company 24. Aug 18 24. Aug 18 1,700,000 €0.46 €789,598
31. Jul 18 Sell ARA Asset Management Limited Company 31. Jul 18 31. Jul 18 -1,658,630 €0.48 €-792,028
31. Jul 18 Buy ARA Asset Management Limited Company 31. Jul 18 31. Jul 18 1,658,630 €0.48 €792,028
X
Management checks
We assess Cache Logistics Trust'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. Cache Logistics Trust 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

Listed on the Singapore Exchange on 12 April 2010, Cache Logistics Trust is a real estate investment trust (“REIT”) that invests in quality income-producing industrial real estate used for logistics purposes, as well as real estate-related assets, in Asia Pacific. As at 31 December 2018, Cache’s portfolio comprised 26 high quality logistics warehouse properties strategically located in established logistics clusters in Singapore, Australia and China. The portfolio has a total gross floor area of approximately 8.6 million square feet valued at approximately S$1.3 billion.

Details
Name: Cache Logistics Trust
A6C
Exchange: DB
Founded: 2010
SGD506,651,891
1,077,881,375
Website: http://www.cache-reit.com
Address: Cache Logistics Trust
5 Temasek Boulevard #12-01,
Suntec Tower Five,
Singapore,
038985,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX K2LU Trust Units Singapore Exchange SG SGD 12. Apr 2010
DB A6C Trust Units Deutsche Boerse AG DE EUR 12. Apr 2010
Number of employees
Current staff
Staff numbers
0
Cache Logistics Trust employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 21:17
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/01/28
Last earnings filing: 2019/01/24
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.