Red Star Express Plc, together with its subsidiaries, engages in the provision of courier, mail room management, outsourcing, freight services, logistics, warehousing, and general haulage services in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦3.17|
|52 Week High||₦2.91|
|52 Week Low||₦3.56|
|1 Month Change||2.26%|
|3 Month Change||-1.03%|
|1 Year Change||-0.43%|
|3 Year Change||-29.00%|
|5 Year Change||-18.35%|
|Change since IPO||-22.24%|
Recent News & Updates
|REDSTAREX||NG Logistics||NG Market|
Return vs Industry: REDSTAREX underperformed the NG Logistics industry which returned 64.6% over the past year.
Return vs Market: REDSTAREX underperformed the NG Market which returned 38.9% over the past year.
Stable Share Price: REDSTAREX is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: REDSTAREX's weekly volatility (3%) has been stable over the past year.
About the Company
Red Star Express Plc, together with its subsidiaries, engages in the provision of courier, mail room management, outsourcing, freight services, logistics, warehousing, and general haulage services in Nigeria. The company operates through four segments: Courier Service, Freight Services, Logistics, and Support Services. It offers air and sea freight of heavyweight cargo, container handling, packing, movements and removals of personal effects, clearing and forwarding, and door-to-door pickup and delivery services; and agro trade services, and last-mile delivery for agro produce, as well as delivers documents and parcels, and acts as cargo sales agents for airlines.
Red Star Express Fundamentals Summary
|REDSTAREX fundamental statistics|
Is REDSTAREX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|REDSTAREX income statement (TTM)|
|Cost of Revenue||₦8.66b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.46|
|Net Profit Margin||4.08%|
How did REDSTAREX perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is Red Star Express 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: REDSTAREX (NGN3.17) is trading below our estimate of fair value (NGN7.55)
Significantly Below Fair Value: REDSTAREX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: REDSTAREX is good value based on its PE Ratio (6.8x) compared to the African Logistics industry average (21x).
PE vs Market: REDSTAREX is good value based on its PE Ratio (6.8x) compared to the NG market (7.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate REDSTAREX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: REDSTAREX is good value based on its PB Ratio (0.7x) compared to the XF Logistics industry average (0.9x).
How is Red Star Express forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Red Star Express 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.
How has Red Star Express performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REDSTAREX has a high level of non-cash earnings.
Growing Profit Margin: REDSTAREX's current net profit margins (4.1%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: REDSTAREX's earnings have declined by 9.3% per year over the past 5 years.
Accelerating Growth: REDSTAREX's earnings growth over the past year (305.3%) exceeds its 5-year average (-9.3% per year).
Earnings vs Industry: REDSTAREX earnings growth over the past year (305.3%) exceeded the Logistics industry 19.3%.
Return on Equity
High ROE: REDSTAREX's Return on Equity (10.3%) is considered low.
How is Red Star Express's financial position?
Financial Position Analysis
Short Term Liabilities: REDSTAREX's short term assets (NGN4.6B) exceed its short term liabilities (NGN2.8B).
Long Term Liabilities: REDSTAREX's short term assets (NGN4.6B) exceed its long term liabilities (NGN563.7M).
Debt to Equity History and Analysis
Debt Level: REDSTAREX's debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: REDSTAREX's debt to equity ratio has increased from 0.9% to 10.7% over the past 5 years.
Debt Coverage: REDSTAREX's debt is well covered by operating cash flow (207.6%).
Interest Coverage: REDSTAREX's interest payments on its debt are well covered by EBIT (13.4x coverage).
What is Red Star Express's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: REDSTAREX's dividend (1.53%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (3.25%).
High Dividend: REDSTAREX's dividend (1.53%) is low compared to the top 25% of dividend payers in the NG market (7.24%).
Stability and Growth of Payments
Stable Dividend: REDSTAREX is not paying a notable dividend for the NG market, therefore no need to check if payments are stable.
Growing Dividend: REDSTAREX is not paying a notable dividend for the NG market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: REDSTAREX is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of REDSTAREX's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Peter Olusola Obabori, also known as Sola, Ph D, fnimn & M.IoD has been Chief Executive Officer and Group Managing Director of Red Star Express Plc since April 1, 2016 and since September 1, 2016 and h...
Experienced Management: REDSTAREX's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: REDSTAREX's board of directors are considered experienced (4.4 years average tenure).
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.
Red Star Express Plc's employee growth, exchange listings and data sources
- Name: Red Star Express Plc
- Ticker: REDSTAREX
- Exchange: NGSE
- Founded: 1992
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: ₦3.026b
- Shares outstanding: 954.42m
- Website: https://www.redstarplc.com
Number of Employees
- Red Star Express Plc
- 70, International Airport Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 15:21|
|End of Day Share Price||2021/10/18 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.