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TGHN

Logwin XTRA:TGHN Stock Report

Last Price

€268.00

Market Cap

€771.7m

7D

-0.7%

1Y

17.5%

Updated

25 Jun, 2022

Data

Company Financials +
TGHN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

TGHN Stock Overview

Logwin AG provides logistics and transport solutions worldwide.

Rewards

Trading at 21.2% below our estimate of its fair value

Earnings grew by 82.5% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 13.1% per year for the next 3 years

Unstable dividend track record


Logwin Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Logwin
Historical stock prices
Current Share Price€268.00
52 Week High€308.00
52 Week Low€218.00
Beta0.50
1 Month Change0.75%
3 Month Change3.08%
1 Year Change17.54%
3 Year Change61.45%
5 Year Change105.44%
Change since IPO104.50%

Recent News & Updates

Shareholder Returns

TGHNDE LogisticsDE Market
7D-0.7%3.2%-0.1%
1Y17.5%-33.3%-22.0%

Return vs Industry: TGHN exceeded the German Logistics industry which returned -33.3% over the past year.

Return vs Market: TGHN exceeded the German Market which returned -22% over the past year.

Price Volatility

Is TGHN's price volatile compared to industry and market?
TGHN volatility
TGHN Average Weekly Movement4.0%
Logistics Industry Average Movement5.3%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: TGHN is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TGHN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18774,087Antonius Wagnerhttps://www.logwin-logistics.com

Logwin AG provides logistics and transport solutions worldwide. It operates in two segments, Air + Ocean and Solutions. The Air + Ocean segment engages in the intercontinental air and ocean freight activities.

Logwin Fundamentals Summary

How do Logwin's earnings and revenue compare to its market cap?
TGHN fundamental statistics
Market Cap€771.66m
Earnings (TTM)€62.80m
Revenue (TTM)€1.85b

12.3x

P/E Ratio

0.4x

P/S Ratio

Is TGHN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGHN income statement (TTM)
Revenue€1.85b
Cost of Revenue€1.69b
Gross Profit€162.56m
Other Expenses€99.76m
Earnings€62.80m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)21.81
Gross Margin8.78%
Net Profit Margin3.39%
Debt/Equity Ratio0.05%

How did TGHN perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

28%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TGHN 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 TGHN?

Other financial metrics that can be useful for relative valuation.

TGHN 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/Revenue0.3x
Enterprise Value/EBITDA5.6x
PEG Ratio-0.9x

Price to Earnings Ratio vs Peers

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

TGHN PE Ratio vs Peers
The above table shows the PE ratio for TGHN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.1x

Price-To-Earnings vs Peers: TGHN is expensive based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TGHN is expensive based on its Price-To-Earnings Ratio (12.3x) compared to the European Logistics industry average (11.9x)

Price to Earnings Ratio vs Fair Ratio

What is TGHN'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.

TGHN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.3x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: TGHN is expensive based on its Price-To-Earnings Ratio (12.3x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).

Share Price vs Fair Value

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

Below Fair Value: TGHN (€268) is trading below our estimate of fair value (€340.09)

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

Price to Earnings Growth Ratio

PEG Ratio: TGHN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

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Future Growth

How is Logwin forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

-13.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGHN's earnings are forecast to decline over the next 3 years (-13.1% per year).

Earnings vs Market: TGHN's earnings are forecast to decline over the next 3 years (-13.1% per year).

High Growth Earnings: TGHN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TGHN's revenue is expected to decline over the next 3 years (-7.9% per year).

High Growth Revenue: TGHN's revenue is forecast to decline over the next 3 years (-7.9% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TGHN's Return on Equity is forecast to be low in 3 years time (10%).

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Past Performance

How has Logwin performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

14.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TGHN has high quality earnings.

Growing Profit Margin: TGHN's current net profit margins (3.4%) are higher than last year (3.1%).

Past Earnings Growth Analysis

Earnings Trend: TGHN's earnings have grown by 14.1% per year over the past 5 years.

Accelerating Growth: TGHN's earnings growth over the past year (82.5%) exceeds its 5-year average (14.1% per year).

Earnings vs Industry: TGHN earnings growth over the past year (82.5%) exceeded the Logistics industry 33.1%.

Return on Equity

High ROE: TGHN's Return on Equity (22.5%) is considered high.

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Financial Health

How is Logwin's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TGHN's short term assets (€592.3M) exceed its short term liabilities (€421.6M).

Long Term Liabilities: TGHN's short term assets (€592.3M) exceed its long term liabilities (€92.9M).

Debt to Equity History and Analysis

Debt Level: TGHN has more cash than its total debt.

Reducing Debt: TGHN's debt to equity ratio has reduced from 0.2% to 0.05% over the past 5 years.

Debt Coverage: TGHN's debt is well covered by operating cash flow (93254.8%).

Interest Coverage: TGHN's interest payments on its debt are well covered by EBIT (37.4x coverage).

Balance Sheet

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Dividend

What is Logwin current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

2.24%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TGHN's dividend (2.24%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: TGHN's dividend (2.24%) is low compared to the top 25% of dividend payers in the German market (4.53%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TGHN has been paying a dividend for less than 10 years.

Growing Dividend: TGHN's dividend payments have increased, but the company has only paid a dividend for 4 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.5%), TGHN's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (15.2%), TGHN's dividend payments are well covered by cash flows.

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Management

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

8.2yrs

Average management tenure

CEO

Antonius Wagner (60 yo)

8.17yrs

Tenure

Dr. Antonius Wagner has been Chief Executive Officer of DELTON AG since May 2014. Dr. Wagner has been the Chief Executive Officer of Logwin AG since April 9, 2014. Dr. Wagner has a Member of Executive Boar...

Leadership Team

Experienced Management: TGHN's management team is seasoned and experienced (8.2 years average tenure).

Board Members

Experienced Board: TGHN's board of directors are considered experienced (6.2 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.

Top Shareholders

Company Information

Logwin AG's employee growth, exchange listings and data sources

Key Information

  • Name: Logwin AG
  • Ticker: TGHN
  • Exchange: XTRA
  • Founded: 1877
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: €771.664m
  • Shares outstanding: 2.88m
  • Website: https://www.logwin-logistics.com

Number of Employees

Location

  • Logwin AG
  • 5, an de LAengten
  • ZIR Potaschberg
  • Grevenmacher
  • 6776
  • Luxembourg

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.