Market Cap
US$845.6m
Last Updated
2020/04/02 03:11 UTC
Data Sources
Company Financials +
Executive Summary
Clarkson PLC provides integrated shipping services worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet average dividend payer.
Share Price & News
How has Clarkson's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CKNH.F has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
5.0%
CKNH.F
2.1%
US Shipping
-1.1%
US Market
1 Year Return
-9.0%
CKNH.F
-33.3%
US Shipping
-13.6%
US Market
Return vs Industry: CKNH.F exceeded the US Shipping industry which returned -31.2% over the past year.
Return vs Market: CKNH.F exceeded the US Market which returned -10.7% over the past year.
Shareholder returns
| CKNH.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.0% | 2.1% | -1.1% |
| 30 Day | -13.1% | -26.1% | -17.8% |
| 90 Day | -27.3% | -46.0% | -22.5% |
| 1 Year | -9.0%-9.0% | -32.0%-33.3% | -11.9%-13.6% |
| 3 Year | -17.2%-17.2% | -35.2%-38.8% | 12.1%4.9% |
| 5 Year | -16.2%-16.2% | -66.6%-70.6% | 30.5%16.3% |
Price Volatility Vs. Market
How volatile is Clarkson's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Clarkson undervalued compared to its fair value and its price relative to the market?
23.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CKNH.F ($29) is trading below our estimate of fair value ($36.68)
Significantly Below Fair Value: CKNH.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CKNH.F is unprofitable, so we can't compare its PE Ratio to the Shipping industry average.
PE vs Market: CKNH.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CKNH.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CKNH.F is overvalued based on its PB Ratio (1.9x) compared to the US Shipping industry average (0.3x).
Next Steps
Future Growth
How is Clarkson forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
56.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CKNH.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CKNH.F is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CKNH.F's is expected to become profitable in the next 3 years.
Revenue vs Market: CKNH.F's revenue (3.7% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: CKNH.F's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CKNH.F's Return on Equity is forecast to be low in 3 years time (11.4%).
Next Steps
Past Performance
How has Clarkson performed over the past 5 years?
-0.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CKNH.F is currently unprofitable.
Growing Profit Margin: CKNH.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CKNH.F is unprofitable, and losses have increased over the past 5 years at a rate of -0.3% per year.
Accelerating Growth: Unable to compare CKNH.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CKNH.F is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-24.1%).
Return on Equity
High ROE: CKNH.F has a negative Return on Equity (-2.86%), as it is currently unprofitable.
Next Steps
Financial Health
How is Clarkson's financial position?
Financial Position Analysis
Short Term Liabilities: CKNH.F's short term assets (£269.5M) exceed its short term liabilities (£170.6M).
Long Term Liabilities: CKNH.F's short term assets (£269.5M) exceed its long term liabilities (£68.2M).
Debt to Equity History and Analysis
Debt Level: CKNH.F's debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: CKNH.F's debt to equity ratio has reduced from 0.3% to 0.3% over the past 5 years.
Balance Sheet
Inventory Level: CKNH.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: CKNH.F's debt is covered by short term assets (assets are 207.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CKNH.F has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: CKNH.F has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Clarkson's current dividend yield, its reliability and sustainability?
3.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CKNH.F's dividend (3.38%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: CKNH.F's dividend (3.38%) is low compared to the top 25% of dividend payers in the US market (5.37%).
Stability and Growth of Payments
Stable Dividend: CKNH.F's dividends per share have been stable in the past 10 years.
Growing Dividend: CKNH.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: CKNH.F is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: CKNH.F's dividends in 3 years are forecast to be covered by earnings (60.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Andi Case (52yo)
11.83s
Tenure
UK£2,758,000
Compensation
Mr. Andi Case has been the Chief Executive Officer at Clarkson plc since June 17, 2008. Mr. Case served as an Interim Chief Executive of Clarkson plc from May 7, 2008 to June 2008 and served as its Chief O ...
CEO Compensation Analysis
Compensation vs Market: Andi's total compensation ($USD3.43M) is about average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Andi's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11.83yrs | UK£2.76m | 1.67% £14.1m | |
| CFO, COO & Executive Director | 13.42yrs | UK£959.00k | 0.26% £2.2m | |
| Head of Public Relations | no data | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Head of Specialised Products | 5.92yrs | no data | no data | |
| Managing Director of Specialised Products | no data | no data | no data | |
| Head of Media | no data | no data | no data | |
| Consultant of Maritime Economics and President of Clarkson Research Services | 8.08yrs | UK£50.00k | no data | |
| Financial Controller | no data | no data | no data | |
| Company Secretary | 2yrs | no data | no data |
7.0yrs
Average Tenure
58yo
Average Age
Experienced Management: CKNH.F's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 11.83yrs | UK£2.76m | 1.67% £14.1m | |
| CFO, COO & Executive Director | 13.42yrs | UK£959.00k | 0.26% £2.2m | |
| Senior Independent Director | 6.42yrs | UK£76.00k | 0.046% £391.3k | |
| Independent Non-Executive Director | 5.17yrs | UK£57.00k | 0.10% £862.8k | |
| Independent Non-Executive Director | 1.92yrs | UK£47.00k | no data | |
| Independent Non-Executive Director | 3.25yrs | UK£76.00k | 0.0036% £30.8k | |
| Non-Executive Chairman | 1.17yrs | no data | 0.0069% £58.2k | |
| Non-Executive Director | 0.25yr | no data | no data |
4.2yrs
Average Tenure
59yo
Average Age
Experienced Board: CKNH.F's board of directors are considered experienced (4.2 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Clarkson PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Clarkson PLC
- Ticker: CKNH.F
- Exchange: OTCPK
- Founded: 1852
- Industry: Marine
- Sector: Transportation
- Market Cap: UK£679.213m
- Listing Market Cap: UK£845.623m
- Shares outstanding: 30.25m
- Website: https://www.clarksons.com
Number of Employees
Location
- Clarkson PLC
- Commodity Quay
- St. Katharine Docks
- London
- Greater London
- E1W 1BF
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CKNH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| CKN | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| CKNl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| 1DH | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts. This segment deals in containers, dry cargo, deep sea tankers, liquefied petroleum gas and ammonia, liquefied natural gas, offshore, petrochemical gases, renewables, shortsea, specialized products, sale and purchase, and PCTC markets; and towage, salvage, and transportation markets. The Financial segment offers investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and freight derivative products. This segment also provides equity and fixed income sales and trading; equity and credit research; corporate access and corporate finance services, including advising clients on various equity and debt capital markets, and M&A transactions. The Support segment offers port and agency, freight forwarding, supplies, and tools for the marine and offshore industries. The Research segment provides shipping-related information and publications; and collects, validates, analyses, and manages data to inform various business decisions. This segment offers Web products, such as Shipping Intelligence Network and World Fleet Register to printed publications, including Shipping Intelligence Weekly and Offshore Intelligence Monthly; data and analysis services for IPO and bond issues; customer service contracts; and valuations to owners and the financial community. The company also provides property related services. Clarkson PLC was founded in 1852 and is headquartered in London, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 03:11 |
| End of Day Share Price | 2020/04/01 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.