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2608

Kerry TJ Logistics TWSE:2608 Stock Report

Last Price

NT$41.25

Market Cap

NT$19.3b

7D

-0.6%

1Y

-20.4%

Updated

08 Aug, 2022

Data

Company Financials
2608 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

2608 Stock Overview

Kerry TJ Logistics Company Limited provides integrated logistics services worldwide.

Kerry TJ Logistics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kerry TJ Logistics
Historical stock prices
Current Share PriceNT$41.25
52 Week HighNT$62.30
52 Week LowNT$36.60
Beta0.55
1 Month Change8.27%
3 Month Change-1.79%
1 Year Change-20.37%
3 Year Change13.79%
5 Year Change16.03%
Change since IPO-28.26%

Recent News & Updates

Shareholder Returns

2608TW LogisticsTW Market
7D-0.6%2.2%0.1%
1Y-20.4%-27.9%-14.4%

Return vs Industry: 2608 exceeded the TW Logistics industry which returned -27.9% over the past year.

Return vs Market: 2608 underperformed the TW Market which returned -14.4% over the past year.

Price Volatility

Is 2608's price volatile compared to industry and market?
2608 volatility
2608 Average Weekly Movement3.6%
Logistics Industry Average Movement5.4%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 2608 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2608's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1954n/aRichard Shenhttps://www.kerrytj.com

Kerry TJ Logistics Company Limited provides integrated logistics services worldwide. The company also provides cold storage and temperature-controlled distribution services; and devanning, warehousing, sorting, retrieving, disposal, and customized value added services. In addition, it offers international freight forwarding, sea freight, air freight, sea and air joint freight, insurance brokerage, customs clearance, and courier services.

Kerry TJ Logistics Fundamentals Summary

How do Kerry TJ Logistics's earnings and revenue compare to its market cap?
2608 fundamental statistics
Market CapNT$19.26b
Earnings (TTM)NT$1.38b
Revenue (TTM)NT$13.13b

14.0x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2608 income statement (TTM)
RevenueNT$13.13b
Cost of RevenueNT$10.64b
Gross ProfitNT$2.49b
Other ExpensesNT$1.12b
EarningsNT$1.38b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.95
Gross Margin18.99%
Net Profit Margin10.49%
Debt/Equity Ratio39.0%

How did 2608 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

56%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2608 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • 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 2608?

Other financial metrics that can be useful for relative valuation.

2608 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/Revenue2.1x
Enterprise Value/EBITDA10.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2608's PE Ratio compare to its peers?

2608 PE Ratio vs Peers
The above table shows the PE ratio for 2608 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.2x
5607 Farglory Free Trade Zone Investment Holding
18.2xn/aNT$12.7b
5609 Dimerco Express
3.9xn/aNT$10.2b
2642 Taiwan Pelican Express
23.7xn/aNT$4.9b
2636 T3EX Global Holdings
3.2xn/aNT$12.3b
2608 Kerry TJ Logistics
14xn/aNT$19.3b

Price-To-Earnings vs Peers: 2608 is expensive based on its Price-To-Earnings Ratio (14x) compared to the peer average (12.2x).


Price to Earnings Ratio vs Industry

How does 2608's PE Ratio compare vs other companies in the Asian Logistics Industry?

Price-To-Earnings vs Industry: 2608 is expensive based on its Price-To-Earnings Ratio (14x) compared to the TW Logistics industry average (6.6x)


Price to Earnings Ratio vs Fair Ratio

What is 2608'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.

2608 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2608's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 2608 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2608 (NT$41.25) is trading above our estimate of fair value (NT$38.23)

Significantly Below Fair Value: 2608 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 Kerry TJ Logistics 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


23.9%

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 Kerry TJ 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.


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  • Examine Kerry TJ Logistics's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Kerry TJ Logistics performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2608 has high quality earnings.

Growing Profit Margin: 2608's current net profit margins (10.5%) are lower than last year (12.1%).


Past Earnings Growth Analysis

Earnings Trend: 2608's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: 2608's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2608 had negative earnings growth (-8.4%) over the past year, making it difficult to compare to the Logistics industry average (45%).


Return on Equity

High ROE: 2608's Return on Equity (12.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Kerry TJ Logistics's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2608's short term assets (NT$3.6B) exceed its short term liabilities (NT$2.9B).

Long Term Liabilities: 2608's short term assets (NT$3.6B) do not cover its long term liabilities (NT$9.2B).


Debt to Equity History and Analysis

Debt Level: 2608's net debt to equity ratio (25.5%) is considered satisfactory.

Reducing Debt: 2608's debt to equity ratio has increased from 29.4% to 39% over the past 5 years.

Debt Coverage: 2608's debt is well covered by operating cash flow (54.9%).

Interest Coverage: 2608's interest payments on its debt are well covered by EBIT (18.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2608's dividend (4%) is higher than the bottom 25% of dividend payers in the TW market (2.55%).

High Dividend: 2608's dividend (4%) is low compared to the top 25% of dividend payers in the TW market (6.64%).


Stability and Growth of Payments

Stable Dividend: 2608's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2608's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55.9%), 2608's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (104.7%), 2608's dividend payments are not well covered by cash flows.


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Management

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

6.2yrs

Average board tenure


CEO

Richard Shen (79 yo)

no data

Tenure

Mr. Chung-Kui Shen, also known as Richard, served as Regional Operations Manager for Taiwan of U.S. Lines Inc. Mr. Shen has over 30 years of experience in the logistics industry, ranging from trucking, con...


Board Members

Experienced Board: 2608's board of directors are considered experienced (6.2 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

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


Top Shareholders

Company Information

Kerry TJ Logistics Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kerry TJ Logistics Company Limited
  • Ticker: 2608
  • Exchange: TWSE
  • Founded: 1954
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Implied Market Cap: NT$19.264b
  • Shares outstanding: 467.00m
  • Website: https://www.kerrytj.com

Location

  • Kerry TJ Logistics Company Limited
  • 50 Xinsheng South Road
  • Section 1
  • Taipei
  • 10059
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2022/03/31
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.