LOGWIN AG (TGHN.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:TGHN • LU1618151879

290 EUR
0 (0%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

6

Overall TGHN gets a fundamental rating of 6 out of 10. We evaluated TGHN against 17 industry peers in the Air Freight & Logistics industry. Both the health and profitability get an excellent rating, making TGHN a very profitable company, without any liquidiy or solvency issues. TGHN is valued correctly, but it does not seem to be growing. TGHN also has an excellent dividend rating. This makes TGHN very considerable for dividend investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • TGHN had positive earnings in the past year.
  • TGHN had a positive operating cash flow in the past year.
  • In the past 5 years TGHN has always been profitable.
  • Each year in the past 5 years TGHN had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of 8.39%, TGHN belongs to the top of the industry, outperforming 88.24% of the companies in the same industry.
  • With a Return On Equity value of 17.27%, TGHN perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
  • TGHN's Return On Invested Capital of 15.14% is amongst the best of the industry. TGHN outperforms 88.24% 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 9.83%.
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 has a Profit Margin (4.22%) which is comparable to the rest of the industry.
  • TGHN's Profit Margin has improved in the last couple of years.
  • TGHN has a Operating Margin (5.64%) which is in line with 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 88.24% of the companies in the same industry.
  • TGHN's Gross Margin has improved in the last couple of years.
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

  • TGHN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, TGHN has about the same amount of shares outstanding.
  • TGHN has about the same amout of shares outstanding than it did 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

  • TGHN has an Altman-Z score of 4.29. This indicates that TGHN is financially healthy and has little risk of bankruptcy at the moment.
  • TGHN has a Altman-Z score of 4.29. This is amongst the best in the industry. TGHN outperforms 88.24% of its industry peers.
  • The Debt to FCF ratio of TGHN is 0.53, which is an excellent value as it means it would take TGHN, only 0.53 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of TGHN (0.53) is better than 100.00% of its industry peers.
  • TGHN has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
  • TGHN has a better Debt to Equity ratio (0.10) than 94.12% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 0.53
Altman-Z 4.29
ROIC/WACC2.02
WACC7.49%
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

  • A Current Ratio of 1.81 indicates that TGHN should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.81, TGHN belongs to the top of the industry, outperforming 88.24% 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.
  • The Quick ratio of TGHN (1.81) is better than 88.24% 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%.
  • TGHN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.15% yearly.
  • 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

  • The Earnings Per Share is expected to decrease by -3.77% on average over the next years.
  • The Revenue is expected to grow by 1.75% on average over the next years.
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 13.27, which indicates a correct valuation of TGHN.
  • Based on the Price/Earnings ratio, TGHN is valued cheaper than 94.12% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, TGHN is valued rather cheaply.
  • A Price/Forward Earnings ratio of 14.34 indicates a correct valuation of TGHN.
  • Based on the Price/Forward Earnings ratio, TGHN is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
  • TGHN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
Industry RankSector Rank
PE 13.27
Fwd PE 14.34
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 82.35% of the companies listed in the same industry.
  • 76.47% of the companies in the same industry are more expensive than TGHN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.3
EV/EBITDA 4.7
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.
  • TGHN's earnings are expected to decrease with -5.95% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y-5.85%
EPS Next 3Y-5.95%

7

5. Dividend

5.1 Amount

  • TGHN has a Yearly Dividend Yield of 4.57%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.07, TGHN pays a bit more dividend than its industry peers.
  • TGHN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.57%

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

  • 58.59% of the earnings are spent on dividend by TGHN. 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 (2/5/2026, 7:00:00 PM)

290

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)10-29
Earnings (Next)03-17
Inst Owners0.33%
Inst Owner ChangeN/A
Ins Owners87.29%
Ins Owner ChangeN/A
Market Cap835.20M
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 4.57%
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 13.27
Fwd PE 14.34
P/S 0.56
P/FCF 8.3
P/OCF 7.96
P/B 2.29
P/tB 2.93
EV/EBITDA 4.7
EPS(TTM)21.85
EY7.53%
EPS(NY)20.22
Fwd EY6.97%
FCF(TTM)34.96
FCFY12.05%
OCF(TTM)36.41
OCFY12.56%
SpS517.76
BVpS126.48
TBVpS98.84
PEG (NY)N/A
PEG (5Y)1.01
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 4.29
F-Score6
WACC7.49%
ROIC/WACC2.02
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%.