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REDSTAREX logo

Red Star Express NGSE:REDSTAREX Stock Report

Last Price

₦4.80

Market Cap

₦4.6b

7D

0%

1Y

42.0%

Updated

24 Apr, 2025

Data

Company Financials

Red Star Express Plc

NGSE:REDSTAREX Stock Report

Market Cap: ₦4.6b

REDSTAREX Stock Overview

Engages in the provision of courier, mailroom management, outsourcing, freight services, logistics, warehousing, and general haulage services in Nigeria. More details

REDSTAREX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

Rewards

Earnings grew by 89.2% over the past year

Risk Analysis

Does not have a meaningful market cap (NGN5B)

Unstable dividend track record

Volatile share price over the past 3 months compared to the NG market


Red Star Express Plc Competitors

ABC Transport

NGSE:ABCTRANS

₦3.7b

Logisticsplus International

IDX:LOPI

Rp42.9b

Marinetrans India

NSEI:MARINETRAN

₹229.1m

Armada Berjaya Trans

IDX:JAYA

Rp71.9b

Price History & Performance

Summary of share price highs, lows and changes for Red Star Express
Historical stock prices
Current Share Price₦4.80
52 Week High₦7.33
52 Week Low₦3.37
Beta-0.057
1 Month Change-0.41%
3 Month Change-4.95%
1 Year Change42.01%
3 Year Change54.84%
5 Year Change70.53%
Change since IPO17.75%

Recent News & Updates

Recent updates

Shareholder Returns

REDSTAREXNG LogisticsNG Market
7D0%-2.4%2.1%
1Y42.0%-16.4%8.0%

Return vs Industry: REDSTAREX exceeded the NG Logistics industry which returned -16.8% over the past year.

Return vs Market: REDSTAREX exceeded the NG Market which returned 7.4% over the past year.

Price Volatility

Is REDSTAREX's price volatile compared to industry and market?
REDSTAREX volatility
REDSTAREX Average Weekly Movement9.4%
Logistics Industry Average Movement6.2%
Market Average Movement6.7%
10% most volatile stocks in NG Market11.0%
10% least volatile stocks in NG Market3.4%

Stable Share Price: REDSTAREX's share price has been volatile over the past 3 months compared to the NG market.

Volatility Over Time: REDSTAREX's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NG stocks.

Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

About the Company

FoundedEmployeesCEOWebsite
19921,958Auwalu Baburawww.redstarplc.com

Red Star Express Plc, together with its subsidiaries, engages in the provision of courier, mailroom management, outsourcing, freight services, logistics, warehousing, and general haulage services in Nigeria. The company operates through Courier Service, Freight Services, Logistics, and Support Services. Its services include air and sea freight of heavyweight cargo, container handling, packing and removal of personal effects, clearing and forwarding, and door-to-door pickup and delivery; and agro trade services and last-mile delivery for pharmaceutical produce, as well as delivery of documents and parcels.

Red Star Express Plc Fundamentals Summary

How do Red Star Express's earnings and revenue compare to its market cap?
REDSTAREX fundamental statistics
Market cap₦4.58b
Earnings (TTM)₦465.88m
Revenue (TTM)₦20.17b

9.8x

P/E Ratio

0.2x

P/S Ratio

Is REDSTAREX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
REDSTAREX income statement (TTM)
Revenue₦20.17b
Cost of Revenue₦15.90b
Gross Profit₦4.27b
Other Expenses₦3.80b
Earnings₦465.88m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.49
Gross Margin21.16%
Net Profit Margin2.31%
Debt/Equity Ratio3.5%

How did REDSTAREX perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

55%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/24 14:04
End of Day Share Price 2025/04/24 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Red Star Express Plc is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Oluwatosin OjoCardinalStone Partners Limited