KERRY LOGISTICS NETWORK LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.98 HKD | +0.67% |
|
+10.86% | +9.25% |
| Mar. 29 | Kerry Logistics Network Appoints CEO | MT |
| Mar. 28 | Kerry Logistics Network Limited Announces Re-Designation of CHEUNG Ping Chuen Vicky as Chief Executive Officer, Effective April 1, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 22,963 | 30,552 | 34,447 | 25,376 | 14,857 | 16,231 | - | - |
| Enterprise Value (EV) 1 | 28,875 | 31,326 | 31,507 | 25,165 | 17,105 | 17,015 | 14,246 | 15,658 |
| P/E ratio | 6.05 x | 10.4 x | 4.34 x | 7.09 x | 18.7 x | 11.2 x | 10.3 x | 8.73 x |
| Yield | 4.63% | 2.86% | 3.73% | 4.7% | 2.68% | 3% | 3.32% | 3.81% |
| Capitalization / Revenue | 0.56 x | 0.57 x | 0.42 x | 0.29 x | 0.29 x | 0.31 x | 0.29 x | 0.28 x |
| EV / Revenue | 0.7 x | 0.59 x | 0.39 x | 0.29 x | 0.34 x | 0.32 x | 0.26 x | 0.27 x |
| EV / EBITDA | 6.16 x | 5.69 x | 3.82 x | 3.6 x | 4.95 x | 4.31 x | 3.5 x | 3.33 x |
| EV / FCF | 19 x | 10.2 x | 7.62 x | 6.67 x | - | 4.6 x | 6.07 x | - |
| FCF Yield | 5.27% | 9.77% | 13.1% | 15% | - | 21.7% | 16.5% | - |
| Price to Book | 1 x | 1.1 x | 1.63 x | 1.38 x | 0.84 x | 0.87 x | 0.8 x | 0.76 x |
| Nbr of stocks (in thousands) | 1,716,203 | 1,797,200 | 1,807,310 | 1,807,425 | 1,807,429 | 1,807,429 | - | - |
| Reference price 2 | 13.38 | 17.00 | 19.06 | 14.04 | 8.220 | 8.980 | 8.980 | 8.980 |
| Announcement Date | 3/31/20 | 3/25/21 | 3/30/22 | 3/28/23 | 3/26/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 41,139 | 53,361 | 81,771 | 86,649 | 50,706 | 52,527 | 55,733 | 58,583 |
| EBITDA 1 | 4,686 | 5,507 | 8,245 | 6,999 | 3,459 | 3,946 | 4,074 | 4,702 |
| EBIT 1 | 2,765 | 3,358 | 6,229 | 4,790 | 1,279 | 2,460 | 2,677 | 2,871 |
| Operating Margin | 6.72% | 6.29% | 7.62% | 5.53% | 2.52% | 4.68% | 4.8% | 4.9% |
| Earnings before Tax (EBT) 1 | 4,928 | 4,242 | 5,564 | 5,076 | 889.1 | 2,110 | 2,345 | 2,401 |
| Net income 1 | 3,788 | 2,896 | 7,939 | 3,579 | 791.2 | 1,449 | 1,536 | 1,640 |
| Net margin | 9.21% | 5.43% | 9.71% | 4.13% | 1.56% | 2.76% | 2.76% | 2.8% |
| EPS 2 | 2.210 | 1.630 | 4.390 | 1.980 | 0.4400 | 0.8038 | 0.8701 | 1.028 |
| Free Cash Flow 1 | 1,522 | 3,060 | 4,136 | 3,771 | - | 3,698 | 2,346 | - |
| FCF margin | 3.7% | 5.73% | 5.06% | 4.35% | - | 7.04% | 4.21% | - |
| FCF Conversion (EBITDA) | 32.49% | 55.56% | 50.17% | 53.88% | - | 93.72% | 57.57% | - |
| FCF Conversion (Net income) | 40.19% | 105.67% | 52.11% | 105.36% | - | 255.19% | 152.65% | - |
| Dividend per Share 2 | 0.6200 | 0.4860 | 0.7110 | 0.6600 | 0.2200 | 0.2690 | 0.2979 | 0.3425 |
| Announcement Date | 3/31/20 | 3/25/21 | 3/30/22 | 3/28/23 | 3/26/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 21,329 | 21,885 | 31,476 | 36,709 | 45,062 | 48,034 | 38,615 | 25,315 | 25,392 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 2,536 | 3,693 | 3,461 | 1,329 | 568.2 | 711.2 |
| Operating Margin | - | - | - | 6.91% | 8.2% | 7.21% | 3.44% | 2.24% | 2.8% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | 998.6 | - | - | - | 4,558 | - | - | - | - |
| Net margin | 4.68% | - | - | - | 10.12% | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/31/20 | 8/27/20 | 3/25/21 | 8/27/21 | 3/30/22 | 8/30/22 | 3/28/23 | 9/14/23 | 3/26/24 |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,912 | 774 | - | - | 2,248 | 784 | - | - |
| Net Cash position 1 | - | - | 2,940 | 212 | - | - | 1,984 | 573 |
| Leverage (Debt/EBITDA) | 1.262 x | 0.1406 x | - | - | 0.6498 x | 0.1987 x | - | - |
| Free Cash Flow 1 | 1,522 | 3,060 | 4,136 | 3,771 | - | 3,698 | 2,346 | - |
| ROE (net income / shareholders' equity) | 17.6% | 11.5% | 15.2% | 18.1% | 6.74% | 8.05% | 8.6% | 8.86% |
| ROA (Net income/ Total Assets) | 8.21% | 5.46% | 7.03% | 7.64% | 2.78% | 3.49% | 3.69% | 3.93% |
| Assets 1 | 46,118 | 53,052 | 112,957 | 46,842 | 28,495 | 41,522 | 41,679 | 41,709 |
| Book Value Per Share 2 | 13.40 | 15.50 | 11.70 | 10.20 | 9.740 | 10.40 | 11.20 | 11.80 |
| Cash Flow per Share 2 | 1.870 | 2.430 | 3.200 | 2.980 | - | 1.150 | - | - |
| Capex 1 | 1,681 | 1,266 | 1,637 | 1,613 | - | 1,359 | 1,207 | 1,294 |
| Capex / Sales | 4.09% | 2.37% | 2% | 1.86% | - | 2.59% | 2.17% | 2.21% |
| Announcement Date | 3/31/20 | 3/25/21 | 3/30/22 | 3/28/23 | 3/26/24 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
8.98
HKD
Average target price
10.33
HKD
Spread / Average Target
+15.07%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +9.25% | 2.07B | |
| -14.49% | 32.77B | |
| -10.75% | 32.48B | |
| -1.52% | 6.34B | |
| -0.10% | 5.32B | |
| -6.40% | 4.27B | |
| +4.62% | 4.14B | |
| 0.00% | 3.91B | |
| +9.31% | 3.85B | |
| +72.76% | 2.73B |
- Stock Market
- Equities
- 636 Stock
- Financials Kerry Logistics Network Limited