NSEI:JETFREIGHT

Stock Analysis Report

Executive Summary

Jet Freight Logistics Limited engages in the freight forwarding business in India and internationally.

Snowflake

Fundamentals

Solid track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

JETFREIGHT

-0.1%

IN Logistics

1.4%

IN Market


1 Year Return

-28.7%

JETFREIGHT

-17.3%

IN Logistics

2.3%

IN Market

Return vs Industry: JETFREIGHT underperformed the Indian Logistics industry which returned -17.3% over the past year.

Return vs Market: JETFREIGHT underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

JETFREIGHTIndustryMarket
7 Day0%-0.1%1.4%
30 Day-0.2%-0.5%2.7%
90 Day-1.8%-6.2%-1.4%
1 Year-28.7%-28.7%-16.7%-17.3%4.3%2.3%
3 Yearn/a-45.1%-46.3%20.9%14.9%
5 Yearn/a-43.5%-45.1%41.2%28.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: JETFREIGHT (₹21.6) is trading above our estimate of fair value (₹0.89)

Significantly Undervalued: JETFREIGHT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JETFREIGHT is good value based on its PE Ratio (2.4x) compared to the Logistics industry average (19.7x).

PE vs Market: JETFREIGHT is good value based on its PE Ratio (2.4x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JETFREIGHT is good value based on its PB Ratio (0.8x) compared to the IN Logistics industry average (1.1x).


Next Steps

Future Growth

How is Jet Freight Logistics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JETFREIGHT's forecast earnings growth (0.4% per year) is below the savings rate (7.6%).

Earnings vs Market: JETFREIGHT's earnings (0.4% per year) are forecast to grow slower than the Indian market (18.1% per year).

High Growth Earnings: JETFREIGHT's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if JETFREIGHT's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if JETFREIGHT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Jet Freight Logistics performed over the past 5 years?

47.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JETFREIGHT's earnings have grown significantly by 47.8% per year over the past 5 years.

Accelerating Growth: JETFREIGHT's earnings growth over the past year (53.7%) exceeds its 5-year average (47.8% per year).

Earnings vs Industry: JETFREIGHT earnings growth over the past year (53.7%) exceeded the Logistics industry 18.2%.


Return on Equity

High ROE: Whilst JETFREIGHT's Return on Equity (27.27%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: JETFREIGHT has a higher Return on Assets than the Logistics industry average last year.


Return on Capital Employed

ROCE Improving: JETFREIGHT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Jet Freight Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: JETFREIGHT's short term assets (₹719.3M) exceeds its short term liabilities (₹561.8M)

Long Term Liabilities: JETFREIGHT's short term assets (719.3M) exceeds its long term liabilities (105.4M)


Debt to Equity History and Analysis

Debt Level: JETFREIGHT's debt to equity ratio (146.4%) is considered high

Reducing Debt: JETFREIGHT's debt to equity ratio has reduced from 268.9% to 146.4% over the past 5 years.

Debt Coverage: JETFREIGHT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JETFREIGHT's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet

Inventory Level: JETFREIGHT has a low level of unsold assets or inventory.

Debt Coverage by Assets: JETFREIGHT's debt is covered by short term assets (assets are 1.660200x debt).


Next Steps

Dividend

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

0.46%

Current Dividend Yield


Dividend Yield vs Market

company0.5%marketbottom25%0.6%markettop25%2.5%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JETFREIGHT's dividend (0.46%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: JETFREIGHT's dividend (0.46%) is low compared to the top 25% of dividend payers in the Indian market (2.51%).

Stable Dividend: Too early to tell whether JETFREIGHT's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if JETFREIGHT's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (1.1%), JETFREIGHT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Jet Freight Logistics's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Richard Theknath (40yo)

3.3yrs

Tenure

₹10,800,000

Compensation

Mr. Richard Francis Theknath has been Managing Director of Jet Freight Logistics Limited since June 20, 2016 and has been its Director since April 13, 2006. Mr. Theknath serves as the Chairman at Jet Frei ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Richard's total compensation is reasonable compared to companies of similar size in the Indian market.

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


Management Age and Tenure

3.3yrs

Average Tenure

36.5yo

Average Age

Experienced Management: JETFREIGHT's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

7.1yrs

Average Tenure

40yo

Average Age

Experienced Board: JETFREIGHT's board of directors are considered experienced (7.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Richard Theknath (40yo)

    Chairman & MD

    • Tenure: 3.3yrs
    • Compensation: ₹10.80m
  • Shraddha Mehta (28yo)

    Company Secretary & Compliance Officer

    • Tenure: 3.3yrs
    • Compensation: ₹529.55k
  • Dax Theknath (33yo)

    Whole Time Director

    • Tenure: 13.5yrs
    • Compensation: ₹6.00m
  • Jabir Contractor (47yo)

    Chief Financial Officer

    • Tenure: 3.3yrs
    • Compensation: ₹2.10m

Board Members

  • Richard Theknath (40yo)

    Chairman & MD

    • Tenure: 3.3yrs
    • Compensation: ₹10.80m
  • Dax Theknath (33yo)

    Whole Time Director

    • Tenure: 13.5yrs
    • Compensation: ₹6.00m
  • Agnes Theknath (61yo)

    Non- Executive Director

    • Tenure: 7.1yrs
  • Sneh Velani

    Independent Director

    • Tenure: 0.6yrs

Company Information

Jet Freight Logistics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jet Freight Logistics Limited
  • Ticker: JETFREIGHT
  • Exchange: NSEI
  • Founded: 1986
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: ₹250.580m
  • Shares outstanding: 11.60m
  • Website: https://www.jetfreight.in

Number of Employees


Location

  • Jet Freight Logistics Limited
  • Pramukh Plaza
  • 706, C wing, 7th Floor
  • Mumbai
  • Maharashtra
  • 400099
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JETFREIGHTNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2016

Biography

Jet Freight Logistics Limited engages in the freight forwarding business in India and internationally. The company offers air and ocean freight, door-to-door cargo delivery, warehousing, customs clearance, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:57
End of Day Share Price2019/09/30 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.