LSE:CLG

Stock Analysis Report

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Executive Summary

Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom, Germany, and rest of Europe. More Details


Snowflake Analysis

Outstanding track record with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CLG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CLG's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

10.1%

CLG

2.3%

GB Commercial Services

3.0%

GB Market


1 Year Return

84.2%

CLG

-9.3%

GB Commercial Services

-6.1%

GB Market

Return vs Industry: CLG exceeded the UK Commercial Services industry which returned -7.7% over the past year.

Return vs Market: CLG exceeded the UK Market which returned -5.6% over the past year.


Shareholder returns

CLGIndustryMarket
7 Day10.1%2.3%3.0%
30 Day10.5%5.2%11.1%
90 Day33.8%9.9%11.9%
1 Year89.1%84.2%-6.1%-9.3%-2.4%-6.1%
3 Year41.7%28.8%3.1%-7.8%4.5%-8.2%
5 Year119.2%93.5%27.4%2.6%38.9%7.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

28.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CLG (£5.36) is trading above our estimate of fair value (£1.94)

Significantly Below Fair Value: CLG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CLG is good value based on its PE Ratio (28x) compared to the GB Commercial Services industry average (37.2x).

PE vs Market: CLG is poor value based on its PE Ratio (28x) compared to the UK market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CLG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLG is overvalued based on its PB Ratio (15.4x) compared to the GB Commercial Services industry average (2.1x).


Next Steps

Future Growth

How is Clipper Logistics forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

12.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CLG's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if CLG's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CLG's revenue (12.7% per year) is forecast to grow faster than the UK market (6.6% per year).

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CLG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Clipper Logistics performed over the past 5 years?

11.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLG has high quality earnings.

Growing Profit Margin: CLG's current net profit margins (3.5%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: CLG's earnings have grown by 11.4% per year over the past 5 years.

Accelerating Growth: CLG's earnings growth over the past year (37.3%) exceeds its 5-year average (11.4% per year).

Earnings vs Industry: CLG earnings growth over the past year (37.3%) exceeded the Commercial Services industry -10%.


Return on Equity

High ROE: CLG's Return on Equity (54.9%) is considered outstanding.


Next Steps

Financial Health

How is Clipper Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: CLG's short term assets (£156.8M) do not cover its short term liabilities (£197.5M).

Long Term Liabilities: CLG's short term assets (£156.8M) do not cover its long term liabilities (£166.4M).


Debt to Equity History and Analysis

Debt Level: CLG's debt to equity ratio (32%) is considered satisfactory.

Reducing Debt: CLG's debt to equity ratio has reduced from 69.8% to 32% over the past 5 years.

Debt Coverage: CLG's debt is well covered by operating cash flow (799.3%).

Interest Coverage: CLG's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


Next Steps

Dividend

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

1.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CLG's dividend (1.81%) is higher than the bottom 25% of dividend payers in the UK market (1.67%).

High Dividend: CLG's dividend (1.81%) is low compared to the top 25% of dividend payers in the UK market (4.79%).


Stability and Growth of Payments

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

Growing Dividend: CLG's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.7%), CLG's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CLG's dividends in 3 years are forecast to be covered by earnings (53.7% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Tony Mannix (57 yo)

6.58yrs

Tenure

UK£334,000

Compensation

Mr. Antony Gerard Mannix, also known as Tony, serves as Group Chief Executive Officer at Clipper Logistics plc since October 2020. He had been Chief Executive Officer at Clipper Logistics plc since May 201...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD449.95K) is below average for companies of similar size in the UK market ($USD1.06M).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Parkin
Founderno dataUK£512.00k24.72%
£ 134.8m
Antony Mannix
Group CEO6.58yrsUK£334.00k0.93%
£ 5.1m
David Hodkin
CFO, Member of Executive Board & Executive Directorno dataUK£262.00k1.09%
£ 6.0m
Martin O'Grady
Group Chief Operating Officer0.58yrno datano data
Guy Jackson
Group Head of Legal5.83yrsno datano data
Richard Cowlishaw
Group HR Director4.17yrsno datano data
Carl Moore
Chief Commercial Officer1.92yrsno datano data
Roger Peel
Managing Director of Commercial Vehiclesno dataUK£108.34kno data
Jürgen Wey
Managing Director of German Logisticsno dataUK£72.24kno data
Stefan Van Hoof
Chief Executive Officer of Operations Mainland Europe0.58yrno datano data
Sebastien Desreumaux
Group Deputy Chief Executive Officer0.42yrno datano data
Marianne Hodgkiss
Company Secretaryno datano datano data

3.0yrs

Average Tenure

59yo

Average Age

Experienced Management: CLG's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Parkin
Founderno dataUK£512.00k24.72%
£ 134.8m
Antony Mannix
Group CEO6.58yrsUK£334.00k0.93%
£ 5.1m
David Hodkin
CFO, Member of Executive Board & Executive Directorno dataUK£262.00k1.09%
£ 6.0m
Christine Cross
Senior Independent Non-Executive Director0.50yrno datano data
Dino Rocos
Independent Non-Executive Director0.92yrUK£16.00kno data
Stuart Watson
Independent Non-Executive Director1.75yrsUK£48.00k0.0039%
£ 21.4k

0.9yrs

Average Tenure

59.5yo

Average Age

Experienced Board: CLG's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Clipper Logistics plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clipper Logistics plc
  • Ticker: CLG
  • Exchange: LSE
  • Founded: 1992
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: UK£545.234m
  • Shares outstanding: 101.72m
  • Website: https://www.clippergroup.co.uk

Number of Employees


Location

  • Clipper Logistics plc
  • Carlton Court
  • Gelderd Road
  • Leeds
  • West Yorkshire
  • LS12 6LT
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLGLSE (London Stock Exchange)YesOrdinary SharesGBGBPMay 2014
CLGlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMay 2014
CLPL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2014
3UCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2014

Biography

Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom, Germany, and rest of Europe. The company operates through two segm...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 20:13
End of Day Share Price2020/12/04 00:00
Earnings2020/10/30
Annual Earnings2020/04/30


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.