LOGWIN AG (TGHN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:TGHN - LU1618151879 - Common Stock
266 EUR
-4 (-1.48%)
We assign a fundamental rating of 6 out of 10 to TGHN. TGHN was compared to 16 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 has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally TGHN also has an excellent dividend rating. This makes TGHN very considerable for dividend investing!
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.
- Each year in the past 5 years TGHN has been profitable.
- TGHN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 8.39%, TGHN belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
- 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.
- Looking at the Return On Invested Capital, with a value of 15.14%, TGHN belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for TGHN is significantly above the industry average of 9.76%.
| Industry Rank | Sector 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%
1.3 Margins
- With a Profit Margin value of 4.22%, TGHN perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- TGHN's Profit Margin has improved in the last couple of years.
- The Operating Margin of TGHN (5.64%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of TGHN has grown nicely.
- The Gross Margin of TGHN (10.81%) is worse than 87.50% of its industry peers.
- TGHN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.
2.2 Solvency
- TGHN has an Altman-Z score of 4.20. This indicates that TGHN is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 4.20, TGHN belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
- 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.
- TGHN's Debt to FCF ratio of 0.53 is amongst the best of the industry. TGHN outperforms 100.00% of its industry peers.
- A Debt/Equity ratio of 0.10 indicates that TGHN is not too dependend on debt financing.
- TGHN has a Debt to Equity ratio of 0.10. This is amongst the best in the industry. TGHN outperforms 93.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 0.53 | ||
| Altman-Z | 4.2 |
ROIC/WACC2.03
WACC7.47%
2.3 Liquidity
- A Current Ratio of 1.81 indicates that TGHN should not have too much problems paying its short term obligations.
- With an excellent Current ratio value of 1.81, TGHN belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
- TGHN has a Quick 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.
- With an excellent Quick ratio value of 1.81, TGHN belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.81 |
3. Growth
3.1 Past
- The earnings per share for TGHN have decreased strongly by -10.98% in the last year.
- 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.
- The Revenue has grown by 21.42% in the past year. This is a very strong growth!
- The Revenue has been growing slightly by 5.00% on average over the past years.
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.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 12.17, the valuation of TGHN can be described as correct.
- TGHN's Price/Earnings ratio is rather cheap when compared to the industry. TGHN is cheaper than 93.75% of the companies in the same industry.
- When comparing the Price/Earnings ratio of TGHN to the average of the S&P500 Index (27.21), we can say TGHN is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 13.16, the valuation of TGHN can be described as correct.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of TGHN indicates a rather cheap valuation: TGHN is cheaper than 81.25% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. TGHN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.17 | ||
| Fwd PE | 13.16 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TGHN is valued cheaper than 81.25% of the companies in the same industry.
- 81.25% of the companies in the same industry are more expensive than TGHN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.61 | ||
| EV/EBITDA | 4.21 |
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)0.93
EPS Next 2Y-5.85%
EPS Next 3Y-5.95%
5. Dividend
5.1 Amount
- TGHN has a Yearly Dividend Yield of 4.67%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.89, TGHN pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, TGHN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
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
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%
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%.