NZSE:QEX

Stock Analysis Report

Executive Summary

QEX Logistics Limited operates as a cross-border logistics company that delivers New Zealand and Australian products to individual consumers in China.

Rewards

PE ratio (41.5x) is below the Logistics industry average (41.5x)

Revenue grew by 3.4% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (1.8%) are lower than last year (4%)

Shareholders have been diluted in the past year

Does not have a meaningful market cap (NZ$41M)



Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: QEX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.5%

QEX

-0.8%

NZ Logistics

-0.2%

NZ Market


1 Year Return

-37.6%

QEX

25.9%

NZ Logistics

21.1%

NZ Market

Return vs Industry: QEX underperformed the NZ Logistics industry which returned 25.9% over the past year.

Return vs Market: QEX underperformed the NZ Market which returned 21.1% over the past year.


Shareholder returns

QEXIndustryMarket
7 Day-2.5%-0.8%-0.2%
30 Day9.9%2.6%3.3%
90 Day11.4%-1.9%-0.2%
1 Year-37.6%-37.6%28.8%25.9%26.1%21.1%
3 Yearn/a6.6%-1.1%59.2%38.2%
5 Yearn/a21.2%7.1%94.7%51.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: QEX (NZ$0.78) is trading above our estimate of fair value (NZ$0.3)

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


Price To Earnings Ratio

PE vs Industry: QEX is good value based on its PE Ratio (41.5x) compared to the Logistics industry average (41.5x).

PE vs Market: QEX is poor value based on its PE Ratio (41.5x) compared to the NZ market (20.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: QEX is overvalued based on its PB Ratio (3.6x) compared to the XO Logistics industry average (2.3x).


Next Steps

Future Growth

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

12.3%

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 QEX Logistics 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.


Next Steps

Past Performance

How has QEX Logistics performed over the past 5 years?

-53.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: QEX has high quality earnings.

Growing Profit Margin: QEX's current net profit margins (1.8%) are lower than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if QEX's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: QEX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: QEX had negative earnings growth (-53.7%) over the past year, making it difficult to compare to the Logistics industry average (-53.7%).


Return on Equity

High ROE: QEX's Return on Equity (8.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is QEX Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: QEX's short term assets (NZ$18.1M) exceed its short term liabilities (NZ$8.4M).

Long Term Liabilities: QEX's short term assets (NZ$18.1M) exceed its long term liabilities (NZ$1.9M).


Debt to Equity History and Analysis

Debt Level: QEX's debt to equity ratio (55.2%) is considered high.

Reducing Debt: Insufficient data to determine if QEX's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: QEX's debt is not well covered by operating cash flow (16.6%).

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


Balance Sheet

Inventory Level: QEX has a high level of physical assets or inventory.

Debt Coverage by Assets: QEX's debt is covered by short term assets (assets are 2.9x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%3.0%markettop25%5.5%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate QEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate QEX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if QEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if QEX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of QEX's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

NZ$250k

CEO Compensation


CEO

Ronnie Xue 0

0yrs

Tenure

NZ$250,000

Compensation

Mr. Jingjie Xue, also known as Ronnie, serves as the Chief Executive Officer and Executive Director at QEX Logistics Limited. Mr. Xue is a Director of FX Global Investment Limited, DJ Capital Investment Li ...


CEO Compensation Analysis

Compensation vs Market: Ronnie's total compensation ($USD163.32K) is above average for companies of similar size in the NZ market ($USD65.86K).

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


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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Management Team

  • Ronnie Xue

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: NZ$250.00k
  • Doreen Wu

    Chief Administration Officer

    • Tenure: 0yrs
  • Lin Zhuo

    Chief Financial Officer

    • Tenure: 0.3yrs

Board Members

  • Danny Chan

    Independent Director

    • Tenure: 0yrs
    • Compensation: NZ$40.00k
  • Conor English

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: NZ$55.00k
  • Ronnie Xue

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: NZ$250.00k
  • Yuejuan Du

    Director of Shanghai Ditu International Freight Forwarder Co

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: QEX Logistics Limited
  • Ticker: QEX
  • Exchange: NZSE
  • Founded: 2010
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: NZ$41.034m
  • Shares outstanding: 52.61m
  • Website: https://www.qex.co.nz

Location

  • QEX Logistics Limited
  • 70 Richard Pearse Drive
  • Airport Oaks
  • Auckland
  • 2020
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QEXNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDFeb 2018

Biography

QEX Logistics Limited operates as a cross-border logistics company that delivers New Zealand and Australian products to individual consumers in China. The company facilitates the storage, supply, packaging ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/06 10:44
End of Day Share Price2019/12/04 00:00
Earnings2019/09/30
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.