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LOGWIN AG (TGHN.DE) Stock Fundamental Analysis

Europe - Frankfurt Stock Exchange - FRA:TGHN - LU1618151879 - Common Stock

256 EUR
0 (0%)
Last: 1/2/2026, 7:00:00 PM
Fundamental Rating

6

Taking everything into account, TGHN scores 6 out of 10 in our fundamental rating. TGHN was compared to 16 industry peers in the Air Freight & Logistics industry. TGHN gets an excellent profitability rating and is at the same time showing great financial health properties. TGHN has a valuation in line with the averages, but it does not seem to be growing. Finally TGHN also has an excellent dividend rating. These ratings could make TGHN a good candidate for dividend investing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

In the past year TGHN was profitable.
In the past year TGHN had a positive cash flow from operations.
In the past 5 years TGHN has always been profitable.
In the past 5 years TGHN always reported a positive cash flow from operatings.
TGHN.DE Yearly Net Income VS EBIT VS OCF VS FCFTGHN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

TGHN's Return On Assets of 8.39% is amongst the best of the industry. TGHN outperforms 87.50% of its industry peers.
TGHN's Return On Equity of 17.27% is fine compared to the rest of the industry. TGHN outperforms 62.50% of its industry peers.
TGHN has a Return On Invested Capital of 15.14%. This is amongst the best in the industry. TGHN outperforms 87.50% of its industry peers.
TGHN had an Average Return On Invested Capital over the past 3 years of 18.27%. This is significantly above the industry average of 10.03%.
Industry RankSector Rank
ROA 8.39%
ROE 17.27%
ROIC 15.14%
ROA(3y)9.2%
ROA(5y)8.29%
ROE(3y)20.29%
ROE(5y)19.71%
ROIC(3y)18.27%
ROIC(5y)17.48%
TGHN.DE Yearly ROA, ROE, ROICTGHN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

TGHN's Profit Margin of 4.22% is in line compared to the rest of the industry. TGHN outperforms 56.25% of its industry peers.
In the last couple of years the Profit Margin of TGHN has grown nicely.
TGHN has a Operating Margin of 5.64%. This is comparable to the rest of the industry: TGHN outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of TGHN has grown nicely.
Looking at the Gross Margin, with a value of 10.81%, TGHN is doing worse than 81.25% of the companies in the same industry.
In the last couple of years the Gross Margin of TGHN has grown nicely.
Industry RankSector Rank
OM 5.64%
PM (TTM) 4.22%
GM 10.81%
OM growth 3Y1.41%
OM growth 5Y6.19%
PM growth 3Y9.67%
PM growth 5Y7.72%
GM growth 3Y7.27%
GM growth 5Y4.24%
TGHN.DE Yearly Profit, Operating, Gross MarginsTGHN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TGHN is creating value.
The number of shares outstanding for TGHN remains at a similar level compared to 1 year ago.
The number of shares outstanding for TGHN remains at a similar level compared to 5 years ago.
Compared to 1 year ago, TGHN has an improved debt to assets ratio.
TGHN.DE Yearly Shares OutstandingTGHN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 500K 1M 1.5M 2M 2.5M
TGHN.DE Yearly Total Debt VS Total AssetsTGHN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 4.14 indicates that TGHN is not in any danger for bankruptcy at the moment.
The Altman-Z score of TGHN (4.14) is better than 93.75% of its industry peers.
TGHN has a debt to FCF ratio of 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.53, TGHN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that TGHN is not too dependend on debt financing.
The Debt to Equity ratio of TGHN (0.10) is better than 93.75% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.53
Altman-Z 4.14
ROIC/WACC2.07
WACC7.32%
TGHN.DE Yearly LT Debt VS Equity VS FCFTGHN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.3 Liquidity

TGHN has a Current Ratio of 1.81. This is a normal value and indicates that TGHN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.81, TGHN belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
A Quick Ratio of 1.81 indicates that TGHN should not have too much problems paying its short term obligations.
TGHN has a Quick ratio of 1.81. This is amongst the best in the industry. TGHN outperforms 93.75% of its industry peers.
Industry RankSector Rank
Current Ratio 1.81
Quick Ratio 1.81
TGHN.DE Yearly Current Assets VS Current LiabilitesTGHN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

3

3. Growth

3.1 Past

TGHN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.98%.
Measured over the past years, TGHN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.15% on average per year.
Looking at the last year, TGHN shows a very strong growth in Revenue. The Revenue has grown by 21.42%.
Measured over the past years, TGHN shows a small growth in Revenue. The Revenue has been growing by 5.00% on average per year.
EPS 1Y (TTM)-10.98%
EPS 3Y0.92%
EPS 5Y13.15%
EPS Q2Q%-5.09%
Revenue 1Y (TTM)21.42%
Revenue growth 3Y-7.99%
Revenue growth 5Y5%
Sales Q2Q%7.58%

3.2 Future

Based on estimates for the next years, TGHN will show a decrease in Earnings Per Share. The EPS will decrease by -3.77% on average per year.
TGHN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.75% yearly.
EPS Next Y-5.46%
EPS Next 2Y-5.85%
EPS Next 3Y-5.95%
EPS Next 5Y-3.77%
Revenue Next Year6.89%
Revenue Next 2Y4.4%
Revenue Next 3Y3.62%
Revenue Next 5Y1.75%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
TGHN.DE Yearly Revenue VS EstimatesTGHN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B 2B
TGHN.DE Yearly EPS VS EstimatesTGHN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5 10 15 20

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.72, which indicates a very decent valuation of TGHN.
Based on the Price/Earnings ratio, TGHN is valued cheaper than 93.75% of the companies in the same industry.
TGHN is valuated cheaply when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
TGHN is valuated correctly with a Price/Forward Earnings ratio of 12.66.
TGHN's Price/Forward Earnings ratio is rather cheap when compared to the industry. TGHN is cheaper than 87.50% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.23. TGHN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 11.72
Fwd PE 12.66
TGHN.DE Price Earnings VS Forward Price EarningsTGHN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TGHN indicates a rather cheap valuation: TGHN is cheaper than 81.25% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGHN indicates a somewhat cheap valuation: TGHN is cheaper than 75.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.32
EV/EBITDA 3.87
TGHN.DE Per share dataTGHN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400 500

4.3 Compensation for Growth

TGHN has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as TGHN's earnings are expected to decrease with -5.95% in the coming years.
PEG (NY)N/A
PEG (5Y)0.89
EPS Next 2Y-5.85%
EPS Next 3Y-5.95%

7

5. Dividend

5.1 Amount

TGHN has a Yearly Dividend Yield of 5.00%, which is a nice return.
TGHN's Dividend Yield is a higher than the industry average which is at 3.12.
TGHN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
Industry RankSector Rank
Dividend Yield 5%

5.2 History

The dividend of TGHN is nicely growing with an annual growth rate of 31.95%!
Dividend Growth(5Y)31.95%
Div Incr Years0
Div Non Decr Years0
TGHN.DE Yearly Dividends per shareTGHN.DE Yearly Dividends per shareYearly Dividends per share 2019 2024 2025 2 4 6 8 10

5.3 Sustainability

TGHN pays out 58.59% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of TGHN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP58.59%
EPS Next 2Y-5.85%
EPS Next 3Y-5.95%
TGHN.DE Yearly Income VS Free CF VS DividendTGHN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
TGHN.DE Dividend Payout.TGHN.DE Dividend Payout, showing the Payout Ratio.TGHN.DE Dividend Payout.PayoutRetained Earnings

LOGWIN AG

FRA:TGHN (1/2/2026, 7:00:00 PM)

256

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)10-29 2025-10-29
Earnings (Next)03-17 2026-03-17/amc
Inst Owners0.33%
Inst Owner ChangeN/A
Ins Owners87.29%
Ins Owner ChangeN/A
Market Cap737.28M
Revenue(TTM)1.49B
Net Income(TTM)62.90M
Analysts42.22
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5%
Yearly Dividend14
Dividend Growth(5Y)31.95%
DP58.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.72
Fwd PE 12.66
P/S 0.49
P/FCF 7.32
P/OCF 7.03
P/B 2.02
P/tB 2.59
EV/EBITDA 3.87
EPS(TTM)21.85
EY8.54%
EPS(NY)20.22
Fwd EY7.9%
FCF(TTM)34.96
FCFY13.66%
OCF(TTM)36.41
OCFY14.22%
SpS517.76
BVpS126.48
TBVpS98.84
PEG (NY)N/A
PEG (5Y)0.89
Graham Number249.36
Profitability
Industry RankSector Rank
ROA 8.39%
ROE 17.27%
ROCE 19.51%
ROIC 15.14%
ROICexc 67.08%
ROICexgc 366.8%
OM 5.64%
PM (TTM) 4.22%
GM 10.81%
FCFM 6.75%
ROA(3y)9.2%
ROA(5y)8.29%
ROE(3y)20.29%
ROE(5y)19.71%
ROIC(3y)18.27%
ROIC(5y)17.48%
ROICexc(3y)115.79%
ROICexc(5y)86.65%
ROICexgc(3y)2728.32%
ROICexgc(5y)1680.1%
ROCE(3y)23.55%
ROCE(5y)22.52%
ROICexgc growth 3Y205.61%
ROICexgc growth 5Y142.17%
ROICexc growth 3Y12.94%
ROICexc growth 5Y28.79%
OM growth 3Y1.41%
OM growth 5Y6.19%
PM growth 3Y9.67%
PM growth 5Y7.72%
GM growth 3Y7.27%
GM growth 5Y4.24%
F-Score6
Asset Turnover1.99
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.53
Debt/EBITDA 0.29
Cap/Depr 12.45%
Cap/Sales 0.28%
Interest Coverage 23.77
Cash Conversion 89.01%
Profit Quality 160.06%
Current Ratio 1.81
Quick Ratio 1.81
Altman-Z 4.14
F-Score6
WACC7.32%
ROIC/WACC2.07
Cap/Depr(3y)15.54%
Cap/Depr(5y)25.87%
Cap/Sales(3y)0.37%
Cap/Sales(5y)0.7%
Profit Quality(3y)171.9%
Profit Quality(5y)167.23%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.98%
EPS 3Y0.92%
EPS 5Y13.15%
EPS Q2Q%-5.09%
EPS Next Y-5.46%
EPS Next 2Y-5.85%
EPS Next 3Y-5.95%
EPS Next 5Y-3.77%
Revenue 1Y (TTM)21.42%
Revenue growth 3Y-7.99%
Revenue growth 5Y5%
Sales Q2Q%7.58%
Revenue Next Year6.89%
Revenue Next 2Y4.4%
Revenue Next 3Y3.62%
Revenue Next 5Y1.75%
EBIT growth 1Y-0.59%
EBIT growth 3Y-6.7%
EBIT growth 5Y11.49%
EBIT Next Year32.95%
EBIT Next 3Y6.4%
EBIT Next 5Y5.34%
FCF growth 1Y-38.46%
FCF growth 3Y-2.62%
FCF growth 5Y16.75%
OCF growth 1Y-38.61%
OCF growth 3Y-4.69%
OCF growth 5Y10.74%

LOGWIN AG / TGHN.DE FAQ

Can you provide the ChartMill fundamental rating for LOGWIN AG?

ChartMill assigns a fundamental rating of 6 / 10 to TGHN.DE.


Can you provide the valuation status for LOGWIN AG?

ChartMill assigns a valuation rating of 6 / 10 to LOGWIN AG (TGHN.DE). This can be considered as Fairly Valued.


How profitable is LOGWIN AG (TGHN.DE) stock?

LOGWIN AG (TGHN.DE) has a profitability rating of 7 / 10.


How financially healthy is LOGWIN AG?

The financial health rating of LOGWIN AG (TGHN.DE) is 8 / 10.


How sustainable is the dividend of LOGWIN AG (TGHN.DE) stock?

The dividend rating of LOGWIN AG (TGHN.DE) is 7 / 10 and the dividend payout ratio is 58.59%.