Clarkson
Market Cap
UK£694.0m
Last Updated
2020/10/24 21:55 UTC
Data Sources
Company Financials +
Executive Summary
Clarkson PLC provides integrated shipping services worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Clarkson's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CKN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.4%
CKN
-1.4%
GB Shipping
0.07%
GB Market
1 Year Return
-19.0%
CKN
6.0%
GB Shipping
-15.4%
GB Market
Return vs Industry: CKN underperformed the UK Shipping industry which returned 6% over the past year.
Return vs Market: CKN underperformed the UK Market which returned -15.4% over the past year.
Shareholder returns
| CKN | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | -1.4% | 0.07% |
| 30 Day | -4.4% | 8.8% | 2.2% |
| 90 Day | 7.5% | 17.5% | -2.1% |
| 1 Year | -17.2%-19.0% | 9.0%6.0% | -12.1%-15.4% |
| 3 Year | -15.6%-22.4% | 7.9%-6.2% | -8.4%-19.7% |
| 5 Year | 7.6%-6.0% | 35.8%10.5% | 16.4%-9.7% |
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
1 day ago | Simply Wall St
Is Clarkson PLC (LON:CKN) Potentially Undervalued?2 weeks ago | Simply Wall St
Clarkson (LON:CKN) Could Easily Take On More Debt1 month ago | Simply Wall St
Is Clarkson PLC (LON:CKN) An Attractive Dividend Stock?Valuation
Is Clarkson undervalued compared to its fair value and its price relative to the market?
15.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CKN (£22.85) is trading below our estimate of fair value (£27.02)
Significantly Below Fair Value: CKN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CKN is unprofitable, so we can't compare its PE Ratio to the XE Shipping industry average.
PE vs Market: CKN is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CKN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CKN is overvalued based on its PB Ratio (1.8x) compared to the XE Shipping industry average (0.6x).
Next Steps
Future Growth
How is Clarkson forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
39.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CKN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).
Earnings vs Market: CKN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CKN's is expected to become profitable in the next 3 years.
Revenue vs Market: CKN's revenue (5.2% per year) is forecast to grow slower than the UK market (6% per year).
High Growth Revenue: CKN's revenue (5.2% 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 (10.2%).
Next Steps
Past Performance
How has Clarkson performed over the past 5 years?
-18.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CKN is currently unprofitable.
Growing Profit Margin: CKN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CKN is unprofitable, and losses have increased over the past 5 years at a rate of 18.5% per year.
Accelerating Growth: Unable to compare CKN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CKN is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-0.4%).
Return on Equity
High ROE: CKN has a negative Return on Equity (-2.46%), as it is currently unprofitable.
Next Steps
Financial Health
How is Clarkson's financial position?
Financial Position Analysis
Short Term Liabilities: CKN's short term assets (£251.0M) exceed its short term liabilities (£137.9M).
Long Term Liabilities: CKN's short term assets (£251.0M) exceed its long term liabilities (£70.3M).
Debt to Equity History and Analysis
Debt Level: CKN's debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: CKN's debt to equity ratio has reduced from 15.2% to 0.9% over the past 5 years.
Debt Coverage: CKN's debt is well covered by operating cash flow (2114.7%).
Interest Coverage: CKN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Clarkson current dividend yield, its reliability and sustainability?
3.41%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CKN's dividend (3.41%) is higher than the bottom 25% of dividend payers in the UK market (1.81%).
High Dividend: CKN's dividend (3.41%) is low compared to the top 25% of dividend payers in the UK market (5.24%).
Stability and Growth of Payments
Stable Dividend: CKN's dividend payments have been volatile in the past 10 years.
Growing Dividend: CKN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: CKN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: CKN's dividends in 3 years are forecast to be covered by earnings (64.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average management tenure
CEO
Andi Case (53 yo)
12.33yrs
Tenure
UK£3,297,000
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 ($USD4.30M) is above average for companies of similar size in the UK market ($USD1.15M).
Compensation vs Earnings: Andi's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 12.33yrs | UK£3.30m | 1.73% £ 12.0m | |
| CFO, COO & Executive Director | 13.92yrs | UK£1.20m | 0.27% £ 1.8m | |
| Head of Public Relations | no data | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Head of Specialised Products | 6.42yrs | no data | no data | |
| Managing Director of Specialised Products | no data | no data | no data | |
| Head of Media | no data | no data | no data | |
| Consultant of Maritime Economics and President of Clarkson Research Services | 8.58yrs | UK£50.00k | no data | |
| Financial Controller | no data | no data | no data | |
| Group Company Secretary | 2.5yrs | no data | no data | |
| Managing Director of Clarksons Platou Asia Shanghai | no data | no data | no data | |
| Managing Director of Sale & Purchase - 2nd Hand | no data | no data | no data |
7.5yrs
Average Tenure
58.5yo
Average Age
Experienced Management: CKN's management team is seasoned and experienced (7.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 12.33yrs | UK£3.30m | 1.73% £ 12.0m | |
| CFO, COO & Executive Director | 13.92yrs | UK£1.20m | 0.27% £ 1.8m | |
| Senior Independent Director | 6.92yrs | UK£76.00k | 0.036% £ 249.4k | |
| Independent Non-Executive Director | 5.67yrs | UK£58.00k | 0.10% £ 705.3k | |
| Independent Non-Executive Director | 2.42yrs | UK£88.00k | no data | |
| Independent Non-Executive Director | 3.75yrs | UK£76.00k | 0.0036% £ 25.1k | |
| Non-Executive Chairman | 1.67yrs | UK£162.00k | 0.0069% £ 47.6k | |
| Independent Non-Executive Director | no data | no data | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 0.75yr | no data | no data |
3.8yrs
Average Tenure
59.5yo
Average Age
Experienced Board: CKN'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: CKN insiders have only sold shares 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
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£694.022m
- Shares outstanding: 30.37m
- 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 provides services to ship owners and chartere ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/24 21:55 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.