Clarkson
Market Cap
UK£870.0m
Last Updated
2019/10/21 20:32 UTC
Data Sources
Company Financials +
Executive Summary
Clarkson PLC provides integrated shipping services worldwide.
Snowflake
Fundamentals
Excellent balance sheet established dividend payer.
Share Price & News
How has Clarkson's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.2%
CKN
-0.8%
GB Shipping
-0.4%
GB Market
1 Year Return
10.8%
CKN
7.8%
GB Shipping
2.9%
GB Market
Return vs Industry: CKN exceeded the UK Shipping industry which returned 7.8% over the past year.
Return vs Market: CKN exceeded the UK Market which returned 2.9% over the past year.
Shareholder returns
| CKN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | -0.8% | -0.4% |
| 30 Day | 19.5% | -0.4% | -1.4% |
| 90 Day | 9.3% | 9.4% | -2.1% |
| 1 Year | 14.5%10.8% | 16.8%7.8% | 8.0%2.9% |
| 3 Year | 58.4%45.5% | 19.1%3.9% | 18.0%3.6% |
| 5 Year | 50.0%30.6% | 6.7%-19.6% | 35.8%6.4% |
Price Volatility Vs. Market
How volatile is Clarkson's share price compared to the market and industry in the last 5 years?
Simply Wall St News
22 hours ago | Simply Wall St
Can We See Significant Institutional Ownership On The Clarkson PLC (LON:CKN) Share Register?1 week ago | Simply Wall St
With A Return On Equity Of 7.8%, Has Clarkson PLC's (LON:CKN) Management Done Well?2 weeks ago | Simply Wall St
A Look At Clarkson PLC's (LON:CKN) Exceptional FundamentalsValuation
Is Clarkson undervalued compared to its fair value and its price relative to the market?
28.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CKN (£28.8) is trading above our estimate of fair value (£28.04)
Significantly Below Fair Value: CKN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CKN is poor value based on its PE Ratio (28x) compared to the Shipping industry average (11.2x).
PE vs Market: CKN is poor value based on its PE Ratio (28x) compared to the UK market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: CKN is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: CKN is overvalued based on its PB Ratio (2x) compared to the XE Shipping industry average (0.7x).
Next Steps
Future Growth
How is Clarkson forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
10.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CKN's forecast earnings growth (10.7% per year) is above the savings rate (1.2%).
Earnings vs Market: CKN's earnings (10.7% per year) are forecast to grow slower than the UK market (12.6% per year).
High Growth Earnings: CKN's earnings are forecast to grow, but not significantly.
Revenue vs Market: CKN's revenue (4.5% per year) is forecast to grow faster than the UK market (3.9% per year).
High Growth Revenue: CKN's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CKN's Return on Equity is forecast to be low in 3 years time (9.2%).
Next Steps
Past Performance
How has Clarkson performed over the past 5 years?
14.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CKN's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: CKN's earnings growth over the past year (6.9%) is below its 5-year average (14.1% per year).
Earnings vs Industry: CKN earnings growth over the past year (6.9%) exceeded the Shipping industry -1%.
Return on Equity
High ROE: CKN's Return on Equity (7.8%) is considered low.
Return on Assets
ROA vs Industry: CKN's Return on Assets is below or equal to the Shipping industry average last year.
Return on Capital Employed
ROCE Improving: CKN's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Clarkson's financial position?
Financial Position Analysis
Short Term Liabilities: CKN's short term assets (£233.3M) exceeds its short term liabilities (£143.4M)
Long Term Liabilities: CKN's short term assets (233.3M) exceeds its long term liabilities (65.1M)
Debt to Equity History and Analysis
Debt Level: CKN's debt to equity ratio (1.4%) is considered satisfactory
Reducing Debt: Insufficient data to determine if CKN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CKN's debt is well covered by operating cash flow (944.3%).
Interest Coverage: CKN's interest payments on its debt are well covered by EBIT (230x coverage).
Balance Sheet
Inventory Level: CKN has a low level of unsold assets or inventory.
Debt Coverage by Assets: CKN's debt is covered by short term assets (assets are 38.245900x debt).
Next Steps
Dividend
What is Clarkson's current dividend yield, its reliability and sustainability?
2.60%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CKN's dividend (2.6%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).
High Dividend: CKN's dividend (2.6%) is low compared to the top 25% of dividend payers in the UK market (5.36%).
Stable Dividend: CKN's dividends per share have been stable in the past 10 years.
Growing Dividend: CKN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (74%), CKN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CKN's dividends in 3 years are forecast to be covered by earnings (62.5% payout ratio).
Next Steps
Management
What is the CEO of Clarkson's salary, the management and board of directors tenure and is there insider trading?
6.5yrs
Average management tenure
CEO
Andi Case (52yo)
11.3yrs
Tenure
UK£2,758,000
Compensation
Mr. Andi Case has been the Chief Executive Officer at Clarkson plc since June 17, 2008. Mr. Case served as an Interim Chief Executive of Clarkson plc from May 7, 2008 to June 2008 and served as its Chief O ...
CEO Compensation Analysis
Compensation vs. Market: Andi's total compensation ($USD3.58M) is about average for companies of similar size in the UK market ($USD1.18M).
Compensation vs Earnings: Andi's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.5yrs
Average Tenure
58yo
Average Age
Experienced Management: CKN's management team is seasoned and experienced (6.5 years average tenure).
Board Age and Tenure
4.7yrs
Average Tenure
59yo
Average Age
Experienced Board: CKN's board of directors are considered experienced (4.7 years average tenure).
Insider Trading
Insider Buying: CKN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 75,000 |
| Max Price | UK£23.26 |
| Entity | Individual |
| Role | Lead Director Senior Independent Director |
| Shares | 1,000 |
| Max Price | UK£23.00 |
| Entity | Individual |
| Role | Lead Director Senior Independent Director |
| Shares | 3,000 |
| Max Price | UK£23.96 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 2,083 |
| Max Price | UK£23.85 |
| Entity | Individual |
| Shares | 663 |
| Max Price | UK£21.11 |
Ownership Breakdown
Management Team
Jeff Woyda (58yo)
CFO, COO & Executive Director
- Tenure: 12.9yrs
- Compensation: UK£959.00k
Robert Stopford (71yo)
Consultant of Maritime Economics and President of Clarkson Research Services
- Tenure: 7.6yrs
- Compensation: UK£50.00k
Andi Case (52yo)
CEO & Director
- Tenure: 11.3yrs
- Compensation: UK£2.76m
Mike Cahill
Financial Controller
- Tenure: 0yrs
Matt Russell
Head of Specialised Products
- Tenure: 5.4yrs
Richard Whittet
Managing Director of Specialised Products
- Tenure: 0yrs
Rachel Spencer
Company Secretary
- Tenure: 1.5yrs
Janet Sykes
Head of Media
- Tenure: 0yrs
Kate Hoare
Head of Public Relations
- Tenure: 0yrs
John Beckwith
Head of Human Resources
- Tenure: 0yrs
Board Members
Peter Backhouse (68yo)
Senior Independent Director
- Tenure: 5.9yrs
- Compensation: UK£76.00k
Jeff Woyda (58yo)
CFO, COO & Executive Director
- Tenure: 12.9yrs
- Compensation: UK£959.00k
Birger Nergaard (68yo)
Independent Non-Executive Director
- Tenure: 4.7yrs
- Compensation: UK£57.00k
Tim Miller (62yo)
Independent Non-Executive Director
- Tenure: 1.4yrs
- Compensation: UK£47.00k
Marie-Louise Clayton (58yo)
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: UK£76.00k
Bill Gennydd Thomas (59yo)
Non-Executive Chairman
- Tenure: 0.7yrs
Andi Case (52yo)
CEO & Director
- Tenure: 11.3yrs
- Compensation: UK£2.76m
Company Information
Clarkson PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Clarkson PLC
- Ticker: CKN
- Exchange: LSE
- Founded: 1852
- Industry: Marine
- Sector: Transportation
- Market Cap: UK£869.979m
- Shares outstanding: 30.21m
- Website: https://www.clarksons.com
Number of Employees
Location
- Clarkson PLC
- Commodity Quay
- St. Katharine Docks
- London
- Greater London
- E1W 1BF
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CKNH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| CKN | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| CKNl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| 1DH | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 20:32 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.