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KW

Kingston Wharves JMSE:KW Stock Report

Last Price

JA$36.00

Market Cap

JA$51.5b

7D

-7.7%

1Y

-20.0%

Updated

28 Sep, 2022

Data

Company Financials
KW fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

KW Stock Overview

Kingston Wharves Limited operates multi-purpose port terminal in the Caribbean.

Kingston Wharves Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kingston Wharves
Historical stock prices
Current Share PriceJA$36.00
52 Week HighJA$47.50
52 Week LowJA$34.00
Beta0.17
1 Month Change-7.69%
3 Month Change-8.86%
1 Year Change-20.00%
3 Year Change-39.40%
5 Year Change14.29%
Change since IPO1,366.67%

Recent News & Updates

Shareholder Returns

KWJM InfrastructureJM Market
7D-7.7%-4.9%1.8%
1Y-20.0%3.1%-4.8%

Return vs Industry: KW underperformed the JM Infrastructure industry which returned 3.1% over the past year.

Return vs Market: KW underperformed the JM Market which returned -4.8% over the past year.

Price Volatility

Is KW's price volatile compared to industry and market?
KW volatility
KW Average Weekly Movement8.5%
Infrastructure Industry Average Movement5.2%
Market Average Movement9.5%
10% most volatile stocks in JM Market15.4%
10% least volatile stocks in JM Market5.5%

Stable Share Price: KW is not significantly more volatile than the rest of JM stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: KW's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1945n/aMark Williamshttps://www.kingstonwharves.com

Kingston Wharves Limited operates multi-purpose port terminal in the Caribbean. The company operates through Terminal Operations and Logistics Services segments. Its Terminal Operations segment engages in the operation of public wharves and stevedoring of vessels.

Kingston Wharves Fundamentals Summary

How do Kingston Wharves's earnings and revenue compare to its market cap?
KW fundamental statistics
Market CapJA$51.46b
Earnings (TTM)JA$3.13b
Revenue (TTM)JA$9.32b

16.4x

P/E Ratio

5.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KW income statement (TTM)
RevenueJA$9.32b
Cost of RevenueJA$4.65b
Gross ProfitJA$4.67b
Other ExpensesJA$1.54b
EarningsJA$3.13b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.19
Gross Margin50.15%
Net Profit Margin33.61%
Debt/Equity Ratio4.9%

How did KW perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

17%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is KW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KW?

Other financial metrics that can be useful for relative valuation.

KW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.7x
Enterprise Value/EBITDA11.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does KW's PE Ratio compare to its peers?

KW PE Ratio vs Peers
The above table shows the PE ratio for KW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.8x
CHL Cargo Handlers
22.4xn/aJA$5.2b
TJH Transjamaican Highway
25.7xn/aJA$18.5b
3382 Tianjin Port Development Holdings
4xn/aHK$3.2b
002040 Nanjing Port
21.5xn/aCN¥3.4b
KW Kingston Wharves
16.4xn/aJA$51.5b

Price-To-Earnings vs Peers: KW is good value based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (17.8x).


Price to Earnings Ratio vs Industry

How does KW's PE Ratio compare vs other companies in the Global Infrastructure Industry?

Price-To-Earnings vs Industry: KW is expensive based on its Price-To-Earnings Ratio (16.4x) compared to the Global Infrastructure industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is KW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KW's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of KW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KW (JMD36) is trading above our estimate of fair value (JMD15.8)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Kingston Wharves forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.3%

Forecasted Transportation industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kingston Wharves has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Kingston Wharves performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KW has high quality earnings.

Growing Profit Margin: KW's current net profit margins (33.6%) are higher than last year (32.1%).


Past Earnings Growth Analysis

Earnings Trend: KW's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: KW's earnings growth over the past year (26.8%) exceeds its 5-year average (13.8% per year).

Earnings vs Industry: KW earnings growth over the past year (26.8%) underperformed the Infrastructure industry 75.8%.


Return on Equity

High ROE: KW's Return on Equity (8.8%) is considered low.


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Financial Health

How is Kingston Wharves's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KW's short term assets (JMD10.9B) exceed its short term liabilities (JMD2.1B).

Long Term Liabilities: KW's short term assets (JMD10.9B) exceed its long term liabilities (JMD3.3B).


Debt to Equity History and Analysis

Debt Level: KW has more cash than its total debt.

Reducing Debt: KW's debt to equity ratio has reduced from 12.4% to 4.9% over the past 5 years.

Debt Coverage: KW's debt is well covered by operating cash flow (175%).

Interest Coverage: KW earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Kingston Wharves's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.67%

Current Dividend Yield

Dividend Yield vs Market

Kingston Wharves Dividend Yield vs Market
How does Kingston Wharves dividend yield compare to the market?
SegmentDividend Yield
Company (Kingston Wharves)1.7%
Market Bottom 25% (JM)1.6%
Market Top 25% (JM)3.4%
Industry Average (Infrastructure)3.6%
Analyst forecast in 3 Years (Kingston Wharves)n/a

Notable Dividend: KW's dividend (1.67%) is higher than the bottom 25% of dividend payers in the JM market (1.56%).

High Dividend: KW's dividend (1.67%) is low compared to the top 25% of dividend payers in the JM market (3.38%).


Stability and Growth of Payments

Stable Dividend: KW's dividend payments have been volatile in the past 10 years.

Growing Dividend: KW's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.9%), KW's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (39.2%), KW's dividend payments are well covered by cash flows.


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Management

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

2.7yrs

Average management tenure


CEO

Mark Williams

2.33yrs

Tenure

Mr. Mark Williams has been the Chief Executive Officer of Kingston Wharves Limited since January 6, 2020. Mr. Williams serves as Director of Kingston Wharves Limited, He joined the Kingston Wharves Limited...


Leadership Team

Experienced Management: KW's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: KW's board of directors are considered experienced (7.9 years average tenure).


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.


Ownership Breakdown

What is the ownership structure of KW?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders512,0410.04%
General Public123,620,9978.6%
Institutions170,095,65611.9%
Private Companies533,928,87937.4%
Public Companies601,184,00542.1%

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


Top Shareholders

Top 19 shareholders own 91.35% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
42.06%
Jamaica Producers Group Limited
601,184,005JMD21.6b0%no data
21.04%
S.B.D. Llc
300,689,810JMD10.8b0%no data
8.97%
Kingston Portworkers Superannuation Fund
128,235,767JMD4.6b0%100%
8.68%
Saje Logistics Infrastructure Limited
124,098,960JMD4.5b0%no data
4.77%
Maritime & Transport Services Ltd.
68,125,418JMD2.5b0%no data
2.3%
Sagicor Pooled Investment Funds Limited
32,859,889JMD1.2b0%6.61%
2.02%
Lannaman & Morris (Shipping) Limited
28,845,258JMD1.0b0%no data
0.63%
NCB Capital Markets Limited
9,000,000JMD324.0m0%2.77%
0.42%
Crowley Holdings Inc.
6,029,108JMD217.0m0%no data
0.3%
A.E. Parnell & Company Ltd.
4,277,776JMD154.0m0%no data
0.1%
Transocean Shipping Limited
1,481,481JMD53.3m0%no data
0.027%
Jamaica Fruit & Shipping Co Ltd
381,068JMD13.7m0%no data
0.014%
Grantley St. Stephenson
193,981JMD7.0m0%no data
0.011%
Mark Williams
160,000JMD5.8m0%no data
0.0049%
Clover Moodie
70,000JMD2.5m0%no data
0.004%
Charles Johnston
57,160JMD2.1m0%no data
0.0018%
Valrie Campbell
25,000JMD900.0k0%no data
0.00027%
Lancelot Green
3,900JMD140.4k0%no data
0.00014%
Kathleen A. Moss
2,000JMD72.0k0%no data

Company Information

Kingston Wharves Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kingston Wharves Limited
  • Ticker: KW
  • Exchange: JMSE
  • Founded: 1945
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Implied Market Cap: JA$51.456b
  • Shares outstanding: 1.43b
  • Website: https://www.kingstonwharves.com

Location

  • Kingston Wharves Limited
  • 195 Second Street
  • Newport West
  • Kingston
  • 13
  • Jamaica


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KWJMSE (The Jamaica Stock Exchange)YesOrdinary SharesJMJMDJul 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.