XTRA:TGHN

Stock Analysis Report

Executive Summary

Logwin AG provides logistics and transport solutions for industry and commerce worldwide.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Logwin's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TGHN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.6%

TGHN

7.6%

DE Logistics

2.2%

DE Market


1 Year Return

-19.4%

TGHN

-10.6%

DE Logistics

-17.2%

DE Market

Return vs Industry: TGHN underperformed the German Logistics industry which returned -11.2% over the past year.

Return vs Market: TGHN underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

TGHNIndustryMarket
7 Day9.6%7.6%2.2%
30 Day-17.2%-9.4%-15.7%
90 Day-21.4%-23.1%-24.0%
1 Year-17.6%-19.4%-7.8%-10.6%-14.9%-17.2%
3 Yearn/a-1.5%-10.7%-16.4%-23.3%
5 Yearn/a10.2%-6.2%-16.5%-27.8%

Price Volatility Vs. Market

How volatile is Logwin's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Logwin undervalued compared to its fair value and its price relative to the market?

46.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TGHN (€124) is trading below our estimate of fair value (€232.81)

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


Price To Earnings Ratio

PE vs Industry: TGHN is good value based on its PE Ratio (10.3x) compared to the Logistics industry average (11.6x).

PE vs Market: TGHN is good value based on its PE Ratio (10.3x) compared to the German market (16.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TGHN is good value based on its PB Ratio (1.7x) compared to the XE Logistics industry average (1.8x).


Next Steps

Future Growth

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

-1.1%

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 (-1.1% per year).

Earnings vs Market: TGHN's earnings are forecast to decline over the next 3 years (-1.1% per year).

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

Revenue vs Market: TGHN's revenue (1.4% per year) is forecast to grow slower than the German market (4.1% per year).

High Growth Revenue: TGHN's revenue (1.4% per year) is forecast to grow slower than 20% 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 (12.7%).


Next Steps

Past Performance

How has Logwin performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TGHN has high quality earnings.

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


Past Earnings Growth Analysis

Earnings Trend: TGHN's earnings have grown significantly by 21.7% per year over the past 5 years.

Accelerating Growth: TGHN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TGHN had negative earnings growth (-9.8%) over the past year, making it difficult to compare to the Logistics industry average (14.4%).


Return on Equity

High ROE: TGHN's Return on Equity (17%) is considered low.


Next Steps

Financial Health

How is Logwin's financial position?


Financial Position Analysis

Short Term Liabilities: TGHN's short term assets (€371.4M) exceed its short term liabilities (€275.7M).

Long Term Liabilities: TGHN's short term assets (€371.4M) exceed its long term liabilities (€103.2M).


Debt to Equity History and Analysis

Debt Level: TGHN's debt to equity ratio (0.04%) is considered satisfactory.

Reducing Debt: TGHN's debt to equity ratio has reduced from 1.3% to 0.04% over the past 5 years.

Debt Coverage: TGHN's debt is well covered by operating cash flow (82832.9%).

Interest Coverage: TGHN's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet

Inventory Level: TGHN has a high level of physical assets or inventory.

Debt Coverage by Assets: TGHN's debt is covered by short term assets (assets are 4701.3x debt).


Next Steps

Dividend

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

2.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TGHN's dividend (2.82%) is higher than the bottom 25% of dividend payers in the German market (1.68%).

High Dividend: TGHN's dividend (2.82%) is low compared to the top 25% of dividend payers in the German market (4.97%).


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 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29%), TGHN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TGHN's dividends in 3 years are forecast to be well covered by earnings (30.1% payout ratio).


Next Steps

Management

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

3.8yrs

Average board tenure


CEO

Antonius Wagner (58yo)

5.83s

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 ...


Board Members

NamePositionTenureCompensationOwnership
Antonius Wagner
Chairman & CEO5.83yrsno datano data
Sebastian Esser
Deputy Chairman & CFO1.83yrsno datano data
Michael Kemmer
Non-Executive Director13.83yrsno datano data
Phillipe Prussen
Non-Executive Director1.83yrsno datano data

3.8yrs

Average Tenure

51.5yo

Average Age

Experienced Board: TGHN's board of directors are considered experienced (3.8 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 company bio, 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
  • Market Cap: €360.549m
  • Shares outstanding: 2.88m
  • Website: https://www.logwin-logistics.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RPLLSE (London Stock Exchange)NPV (POST SPLIT)GBEURMay 2017
TGHADB (Deutsche Boerse AG)NPV (POST SPLIT)DEEURMay 2017
TGHAXTRA (XETRA Trading Platform)NPV (POST SPLIT)DEEURMay 2017
TGHNDB (Deutsche Boerse AG)YesRegistered SharesDEEURJun 2017
0RQGLSE (London Stock Exchange)YesRegistered SharesGBEURJun 2017
TGHNXTRA (XETRA Trading Platform)YesRegistered SharesDEEURJun 2017

Biography

Logwin AG provides logistics and transport solutions for industry and commerce worldwide. It operates in two segments, Air + Ocean and Solutions. The Air + Ocean segment engages in the intercontinental air and ocean freight activities. The Solutions segment offers individual customer and industry oriented solutions, including supply chain management, transportation, warehousing, value-added services, and outsourcing projects. The company serves various industries, such as industrial engineering, automotive, chemical, electronics and high tech, consumer goods, retail, and fashion. Logwin AG was founded in 1877 and is based in Grevenmacher, Luxembourg. Logwin AG is a subsidiary of DELTON Logistics S.á r.l. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 22:55
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.