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IPL

Imperial LogisticsJSE:IPL Stock Report

Market Cap

R12.0b

7D

-0.6%

1Y

75.8%

Updated

17 Oct, 2021

Data

Company Financials +
IPL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health4/6
Dividends0/6

IPL Overview

Imperial Logistics Limited provides integrated market access and logistics solutions in Africa, Europe, and Internationally.

Imperial Logistics Competitors

Bidvest Group

JSE:BVT

R64.2b

Barloworld

JSE:BAW

R26.8b

Super Group

JSE:SPG

R13.0b

KAP Industrial Holdings

JSE:KAP

R12.0b

Price History & Performance

Summary of all time highs, changes and price drops for Imperial Logistics
Historical stock prices
Current Share PriceR62.41
52 Week HighR33.00
52 Week LowR64.48
Beta0.66
1 Month Change0.016%
3 Month Change2.92%
1 Year Change75.80%
3 Year Change-61.54%
5 Year Change-61.81%
Change since IPO166.00%

Recent News & Updates

Shareholder Returns

IPLZA LogisticsZA Market
7D-0.6%-0.5%1.6%
1Y75.8%68.2%21.3%

Return vs Industry: IPL exceeded the ZA Logistics industry which returned 68.2% over the past year.

Return vs Market: IPL exceeded the ZA Market which returned 21.3% over the past year.

Price Volatility

Is IPL's price volatile compared to industry and market?
IPL volatility
IPL Beta0.66
Industry Beta0.91
Market Beta1

Stable Share Price: IPL is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: IPL's weekly volatility has decreased from 7% to 2% over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a25,000Mohammed Akoojeehttps://www.imperiallogistics.com

Imperial Logistics Limited provides integrated market access and logistics solutions in Africa, Europe, and Internationally. It offers outsourced integrated freight management services, such as road, air, and ocean freight management services; contract logistics services, including warehousing, distribution, and synchronization management; and sourcing, warehousing, distribution, synchronisation, and transportation management services. The company also operates as the lead logistics provider.

Imperial Logistics Fundamentals Summary

How do Imperial Logistics's earnings and revenue compare to its market cap?
IPL fundamental statistics
Market CapR11.95b
Earnings (TTM)R358.00m
Revenue (TTM)R52.21b

33.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IPL income statement (TTM)
RevenueR52.21b
Cost of RevenueR46.85b
Gross ProfitR5.36b
ExpensesR5.00b
EarningsR358.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.87
Gross Margin10.26%
Net Profit Margin0.69%
Debt/Equity Ratio68.2%

How did IPL perform over the long term?

See historical performance and comparison

Valuation

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

16.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IPL (ZAR62.41) is trading below our estimate of fair value (ZAR74.56)

Significantly Below Fair Value: IPL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: IPL is poor value based on its PE Ratio (33.4x) compared to the African Logistics industry average (21x).

PE vs Market: IPL is poor value based on its PE Ratio (33.4x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: IPL is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: IPL is overvalued based on its PB Ratio (1.7x) compared to the XF Logistics industry average (0.9x).


Future Growth

How is Imperial Logistics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

38.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPL's forecast earnings growth (38% per year) is above the savings rate (8.8%).

Earnings vs Market: IPL's earnings (38% per year) are forecast to grow faster than the ZA market (12.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IPL's revenue (8.3% per year) is forecast to grow faster than the ZA market (6.1% per year).

High Growth Revenue: IPL's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IPL's Return on Equity is forecast to be low in 3 years time (16.3%).


Past Performance

How has Imperial Logistics performed over the past 5 years?

-60.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IPL has a large one-off loss of ZAR682.0M impacting its June 30 2021 financial results.

Growing Profit Margin: IPL's current net profit margins (0.7%) are higher than last year (0.09%).


Past Earnings Growth Analysis

Earnings Trend: IPL's earnings have declined by 60.8% per year over the past 5 years.

Accelerating Growth: IPL's earnings growth over the past year (752.4%) exceeds its 5-year average (-60.8% per year).

Earnings vs Industry: IPL earnings growth over the past year (752.4%) exceeded the Logistics industry 19.3%.


Return on Equity

High ROE: IPL's Return on Equity (6.9%) is considered low.


Financial Health

How is Imperial Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: IPL's short term assets (ZAR11.9B) do not cover its short term liabilities (ZAR13.7B).

Long Term Liabilities: IPL's short term assets (ZAR11.9B) exceed its long term liabilities (ZAR8.9B).


Debt to Equity History and Analysis

Debt Level: IPL's debt to equity ratio (68.2%) is considered high.

Reducing Debt: IPL's debt to equity ratio has reduced from 101.2% to 68.2% over the past 5 years.

Debt Coverage: IPL's debt is well covered by operating cash flow (49.8%).

Interest Coverage: IPL's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Dividend

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

4.65%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: IPL is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Mohammed Akoojee (42 yo)

2.67yrs

Tenure

R26,234,000

Compensation

Mr. Mohammed Akoojee, BCom (Acc) (Hons), CA (SA), CFA, is Group Chief Executive Officer at Imperial Logistics (Pty) Ltd since February 01, 2019. He is Director of Imperial Logistics Limited (formerly known...


CEO Compensation Analysis

Compensation vs Market: Mohammed's total compensation ($USD1.79M) is above average for companies of similar size in the ZA market ($USD895.91K).

Compensation vs Earnings: Mohammed's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: IPL's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: IPL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IPL insiders have sold more shares than they have bought 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

Imperial Logistics Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Imperial Logistics Limited
  • Ticker: IPL
  • Exchange: JSE
  • Founded: NaN
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: R11.952b
  • Shares outstanding: 191.51m
  • Website: https://www.imperiallogistics.com

Number of Employees


Location

  • Imperial Logistics Limited
  • Imperial Place
  • 79 Boeing Road East
  • Bedfordview
  • Gauteng
  • 2007
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 17:04
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.