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Red Star Express NGSE:REDSTAREX Stock Report

Last Price

₦4.90

Market Cap

₦4.7b

7D

9.6%

1Y

63.3%

Updated

20 Nov, 2024

Data

Company Financials

Red Star Express Plc

NGSE:REDSTAREX Stock Report

Market Cap: ₦4.7b

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
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

Rewards

Trading at 74.2% below our estimate of its fair value

Earnings grew by 53.5% over the past year

Risk Analysis

Earnings have declined by 1.7% per year over past 5 years

Does not have a meaningful market cap (NGN5B)

Unstable dividend track record


Red Star Express Plc Competitors

Sahara Maritime

BSE:544056

₹153.5m

Marinetrans India

NSEI:MARINETRAN

₹267.2m

Armada Berjaya Trans

IDX:JAYA

Rp75.9b

Logisticsplus International

IDX:LOPI

Rp36.3b

Price History & Performance

Summary of all time highs, changes and price drops for Red Star Express
Historical stock prices
Current Share Price₦4.90
52 Week High₦4.90
52 Week Low₦2.90
Beta0.16
11 Month Change20.99%
3 Month Change24.68%
1 Year Change63.33%
33 Year Change46.27%
5 Year Change13.45%
Change since IPO20.20%

Recent News & Updates

Recent updates

Shareholder Returns

REDSTAREXNG LogisticsNG Market
7D9.6%1.5%0.9%
1Y63.3%-11.9%53.6%

Return vs Industry: REDSTAREX exceeded the NG Logistics industry which returned -11.9% over the past year.

Return vs Market: REDSTAREX exceeded the NG Market which returned 53.6% over the past year.

Price Volatility

Is REDSTAREX's price volatile compared to industry and market?
REDSTAREX volatility
REDSTAREX Average Weekly Movement6.4%
Logistics Industry Average Movement5.6%
Market Average Movement6.4%
10% most volatile stocks in NG Market9.2%
10% least volatile stocks in NG Market3.2%

Stable Share Price: REDSTAREX has not had significant price volatility in the past 3 months compared to the NG market.

Volatility Over Time: REDSTAREX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19921,924Auwalu 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₦4.68b
Earnings (TTM)₦403.95m
Revenue (TTM)₦18.66b

11.6x

P/E Ratio

0.3x

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₦18.66b
Cost of Revenue₦14.76b
Gross Profit₦3.90b
Other Expenses₦3.50b
Earnings₦403.95m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.42
Gross Margin20.91%
Net Profit Margin2.16%
Debt/Equity Ratio5.8%

How did REDSTAREX perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

64%

Payout Ratio