Kerry Logistics Network Limited, an investment holding company, provides logistics services in Asia and internationally.
Undervalued with proven track record.
Share Price & News
How has Kerry Logistics Network's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 636's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 636 exceeded the Hong Kong Logistics industry which returned -44.2% over the past year.
Return vs Market: 636 underperformed the Hong Kong Market which returned -21.6% over the past year.
Price Volatility Vs. Market
How volatile is Kerry Logistics Network's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StKerry Logistics Network Limited (HKG:636) Just Reported And Analysts Have Been Cutting Their Estimates
6 days ago | Simply Wall StTime To Worry? Analysts Are Downgrading Their Kerry Logistics Network Limited (HKG:636) Outlook
2 weeks ago | Simply Wall StShould You Investigate Kerry Logistics Network Limited (HKG:636) At HK$8.89?
Is Kerry Logistics Network undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 636 (HK$9.93) is trading below our estimate of fair value (HK$15.96)
Significantly Below Fair Value: 636 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 636 is good value based on its PE Ratio (4.5x) compared to the Logistics industry average (11.3x).
PE vs Market: 636 is good value based on its PE Ratio (4.5x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 636's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 636 is good value based on its PB Ratio (0.7x) compared to the HK Logistics industry average (0.7x).
How is Kerry Logistics Network forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 636's earnings are forecast to decline over the next 3 years (-26.1% per year).
Earnings vs Market: 636's earnings are forecast to decline over the next 3 years (-26.1% per year).
High Growth Earnings: 636's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 636's revenue (5.7% per year) is forecast to grow slower than the Hong Kong market (10% per year).
High Growth Revenue: 636's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 636's Return on Equity is forecast to be low in 3 years time (6.3%).
How has Kerry Logistics Network performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 636 has a large one-off gain of HK$2.4B impacting its December 31 2019 financial results.
Growing Profit Margin: 636's current net profit margins (9.2%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: 636's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: 636's earnings growth over the past year (55.3%) exceeds its 5-year average (18.8% per year).
Earnings vs Industry: 636 earnings growth over the past year (55.3%) exceeded the Logistics industry -6.8%.
Return on Equity
High ROE: 636's Return on Equity (16%) is considered low.
How is Kerry Logistics Network's financial position?
Financial Position Analysis
Short Term Liabilities: 636's short term assets (HK$17.0B) exceed its short term liabilities (HK$11.0B).
Long Term Liabilities: 636's short term assets (HK$17.0B) exceed its long term liabilities (HK$11.1B).
Debt to Equity History and Analysis
Debt Level: 636's debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: 636's debt to equity ratio has increased from 26.3% to 31.7% over the past 5 years.
Debt Coverage: 636's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: 636's interest payments on its debt are well covered by EBIT (27x coverage).
What is Kerry Logistics Network's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 636's dividend (6.24%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.57%).
High Dividend: 636's dividend (6.24%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.33%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 636 has been paying a dividend for less than 10 years.
Growing Dividend: 636's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (7.7%), 636's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 636's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
William Ma (58yo)
Mr. Wing Kai Ma, also known as William, has been a Managing Director of Kerry Logistics Network Limited since April 2004. Mr. Ma serves as a Joint Managing Director and Group General Manager of Kerry Logis ...
CEO Compensation Analysis
Compensation vs Market: William's total compensation ($USD2.95M) is above average for companies of similar size in the Hong Kong market ($USD512.84K).
Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.
|Deputy Chairman & Group MD||16yrs||HK$22.87m||0.15% HK$26.4m|
|Senior Advisor||0.83yr||HK$13.22m||0.28% HK$49.7m|
|Managing Director of China & North Asia Region||no data||HK$6.99m||0.00047% HK$83.7k|
|Chief Financial Officer||10.67yrs||no data||no data|
|Regional Financial Director||no data||no data||no data|
|Deputy Managing Director of Global Freight Forwarding||no data||no data||no data|
|Managing Director of South & South East Asia||no data||no data||no data|
|Managing Director of Greater Mekong Region||no data||no data||no data|
|Managing Director of Europe||4.5yrs||no data||no data|
Experienced Management: 636's management team is considered experienced (4.5 years average tenure).
|Deputy Chairman & Group MD||16yrs||HK$22.87m||0.15% HK$26.4m|
|Executive Director||1.25yrs||no data||no data|
|Executive Director||no data||no data||1.76% HK$312.9m|
|Independent-Non-Executive Director||6.42yrs||HK$360.00k||no data|
|Independent-Non-Executive Director||6.42yrs||HK$560.00k||no data|
|Independent Nonexecutive Director||2.75yrs||HK$515.00k||no data|
|Independent Non-Executive Director||2.75yrs||HK$458.00k||no data|
|Chairman of TJ Logistics Company Limited||11.42yrs||no data||no data|
|Non-Executive Director||0.83yr||no data||no data|
Experienced Board: 636's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kerry Logistics Network Limited's company bio, employee growth, exchange listings and data sources
- Name: Kerry Logistics Network Limited
- Ticker: 636
- Exchange: SEHK
- Founded: 1981
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: HK$17.814b
- Shares outstanding: 1.79b
- Website: https://www.kerrylogistics.com
Number of Employees
- Kerry Logistics Network Limited
- Kerry Cargo Centre
- 16th Floor
- Kwai Chung
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|636||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Dec 2013|
|KYL||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2013|
|636||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Dec 2013|
|KRRY.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 2013|
|636||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Dec 2013|
Kerry Logistics Network Limited, an investment holding company, provides logistics services in Asia and internationally. The company operates through Logistics Operations, Hong Kong Warehouse, and International Freight Forwarding segments. It offers integrated logistics services, including storage and value-added, trucking and distribution, returns management, and various ancillary services; and leases warehousing space. The company also provides international freight forwarding services to transport cargo using air freight, ocean freight, and cross-border road freight forwarding services primarily in intra-Asia and between Asia and Europe. In addition, it offers express services; supply chain solutions; and fast moving consumer goods (FMCG) trading and distribution, food servicing, catering, and forth-party logistics services to gourmet shops, fast food chains, hotels, clubhouses, restaurants, supermarkets and convenience stores, pharmacies, bakeries, institutions, airline caterers, schools, and wholesalers. Further, the company provides integrated tank solutions, including tank cleaning and repair services; and courier, and engineering and consultancy services. Additionally, it trades in used and new tank container; and supplies spare parts for tank containers. It serves fashion and lifestyle, electronics and technology, food and beverage, FMCG, industrial and material sciences, automotive, and pharmaceutical and healthcare industries. Kerry Logistics Network Limited was founded in 1981 and is headquartered in Kwai Chung, Hong Kong. Kerry Logistics Network Limited is a subsidiary of Kerry Group Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 13:03|
|End of Day Share Price||2020/04/03 00:00|
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.