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

We assign a fundamental rating of 6 out of 10 to TGHN. TGHN was compared to 18 industry peers in the Air Freight & Logistics industry. TGHN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TGHN is valued correctly, but it does not seem to be growing. TGHN also has an excellent dividend rating. With these ratings, TGHN could be worth investigating further for dividend investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year TGHN was profitable.
  • TGHN had a positive operating cash flow in the past year.
  • TGHN had positive earnings in each of the past 5 years.
  • 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

  • The Return On Assets of TGHN (8.39%) is better than 88.24% of its industry peers.
  • 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.
  • With an excellent Return On Invested Capital value of 15.14%, TGHN belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TGHN is significantly above the industry average of 9.61%.
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 in line with its industry peers.
  • TGHN's Profit Margin has improved in the last couple of years.
  • TGHN's Operating Margin of 5.64% is in line compared to the rest of the industry. TGHN outperforms 41.18% of its industry peers.
  • In the last couple of years the Operating Margin of TGHN has grown nicely.
  • With a Gross Margin value of 10.81%, TGHN is not doing good in the industry: 88.24% of the companies in the same industry are doing better.
  • 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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TGHN is creating value.
  • Compared to 1 year ago, TGHN has about the same amount of shares outstanding.
  • Compared to 5 years ago, TGHN has about the same amount of shares outstanding.
  • 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 4.29 indicates that TGHN is not in any danger for bankruptcy at the moment.
  • TGHN has a Altman-Z score of 4.29. This is amongst the best in the industry. TGHN outperforms 94.12% 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.
  • 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.
  • The Debt to Equity ratio of TGHN (0.10) is better 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.
  • The Current ratio of TGHN (1.81) is better than 88.24% of its industry peers.
  • 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.
  • TGHN has a better Quick ratio (1.81) 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%.
  • 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!
  • 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.
  • 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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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.
  • 94.12% of the companies in the same industry are more expensive than TGHN, based on the Price/Earnings ratio.
  • TGHN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.93.
  • TGHN is valuated correctly with a Price/Forward Earnings ratio of 14.34.
  • 88.24% of the companies in the same industry are more expensive than TGHN, based on the Price/Forward Earnings ratio.
  • TGHN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TGHN indicates a rather cheap valuation: TGHN is cheaper than 82.35% of the companies listed in the same industry.
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

  • The decent profitability rating of TGHN 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)1.01
EPS Next 2Y-5.85%
EPS Next 3Y-5.95%

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.41%, TGHN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.91, 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 1.81.
Industry RankSector Rank
Dividend Yield 4.41%

5.2 History

  • On average, the dividend of TGHN grows each year by 31.95%, which is quite nice.
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.
  • TGHN's earnings are declining while the Dividend Rate has been growing. 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 4.41%
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%.