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Imperial Logistics

DB:IUC1
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IUC1
DB
ZAR6B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Imperial Logistics Limited operates as an integrated outsourced logistics service provider in Africa, Europe, the United Kingdom, and internationally. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Imperial Logistics has significant price volatility in the past 3 months.
IUC1 Share Price and Events
7 Day Returns
1.4%
DB:IUC1
7.6%
Europe Logistics
7.1%
DE Market
1 Year Returns
-58.6%
DB:IUC1
-13.8%
Europe Logistics
-17.5%
DE Market
IUC1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Imperial Logistics (IUC1) 1.4% -43.5% -59.4% -58.6% -87.7% -89.7%
Europe Logistics 7.6% -16.9% -27.9% -13.8% -16.1% -10%
DE Market 7.1% -20% -26.1% -17.5% -25.8% -29.2%
1 Year Return vs Industry and Market
  • IUC1 underperformed the Logistics industry which returned -13.8% over the past year.
  • IUC1 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
IUC1
Industry
5yr Volatility vs Market

IUC1 Value

 Is Imperial Logistics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Imperial Logistics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Imperial Logistics.

DB:IUC1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:IUC1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Logistics Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.863 (1 + (1- 28%) (249.29%))
1.946
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.946 * 8.23%)
15.63%

Discounted Cash Flow Calculation for DB:IUC1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Imperial Logistics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:IUC1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 15.63%)
2020 859.00 Analyst x1 742.90
2021 1,826.00 Analyst x1 1,365.75
2022 1,605.00 Analyst x1 1,038.20
2023 1,469.89 Est @ -8.42% 822.29
2024 1,381.55 Est @ -6.01% 668.41
2025 1,321.81 Est @ -4.32% 553.07
2026 1,280.26 Est @ -3.14% 463.28
2027 1,250.59 Est @ -2.32% 391.38
2028 1,228.84 Est @ -1.74% 332.59
2029 1,212.44 Est @ -1.33% 283.80
Present value of next 10 years cash flows ZAR6,661.00
DB:IUC1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ZAR1,212.44 × (1 + -0.39%) ÷ (15.63% – -0.39%)
ZAR7,539.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR7,539.50 ÷ (1 + 15.63%)10
ZAR1,764.81
DB:IUC1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR6,661.00 + ZAR1,764.81
ZAR8,425.81
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR8,425.81 / 192.70
ZAR43.72
DB:IUC1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IUC1 represents 0.05124x of JSE:IPL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.05124x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 43.72 x 0.05124
€2.24
Value per share (EUR) From above. €2.24
Current discount Discount to share price of €1.47
= -1 x (€1.47 - €2.24) / €2.24
34.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Imperial Logistics is available for.
Intrinsic value
34%
Share price is €1.47 vs Future cash flow value of €2.24
Current Discount Checks
For Imperial Logistics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Imperial Logistics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Imperial Logistics's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Imperial Logistics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Imperial Logistics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IUC1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in ZAR ZAR0.03
JSE:IPL Share Price ** JSE (2020-03-27) in ZAR ZAR28.69
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 11.34x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Imperial Logistics.

DB:IUC1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:IPL Share Price ÷ EPS (both in ZAR)

= 28.69 ÷ 0.03

913.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Imperial Logistics is overvalued based on earnings compared to the Europe Logistics industry average.
  • Imperial Logistics is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Imperial Logistics's expected growth come at a high price?
Raw Data
DB:IUC1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 913.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
39.4%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.01x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:IUC1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 913.55x ÷ 39.4%

23.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Imperial Logistics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Imperial Logistics's assets?
Raw Data
DB:IUC1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in ZAR ZAR40.78
JSE:IPL Share Price * JSE (2020-03-27) in ZAR ZAR28.69
Europe Logistics Industry PB Ratio Median Figure of 26 Publicly-Listed Logistics Companies 1.79x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.43x
DB:IUC1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:IPL Share Price ÷ Book Value per Share (both in ZAR)

= 28.69 ÷ 40.78

0.7x

* Primary Listing of Imperial Logistics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Imperial Logistics is good value based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess Imperial Logistics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Logistics industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Logistics industry average (and greater than 0)? (1 check)
  5. Imperial Logistics has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IUC1 Future Performance

 How is Imperial Logistics expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Imperial Logistics expected to grow at an attractive rate?
  • Imperial Logistics's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Imperial Logistics's earnings growth is expected to exceed the Germany market average.
  • Imperial Logistics's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IUC1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IUC1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 39.4%
DB:IUC1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 4.9%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IUC1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IUC1 Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 58,278 3,821 1
2022-06-30 56,920 3,708 1,372 5
2021-06-30 53,139 3,670 1,225 6
2020-06-30 51,310 2,751 1,189 6
2020-03-29
DB:IUC1 Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-12-31 49,896 1,310 6
2019-09-30 49,808 1,016 -23
2019-06-30 49,720 722 -51
2018-12-31 47,466 4,506 1,294
2018-09-30 48,016 5,119 1,153
2018-06-30 48,565 5,731 1,011
2017-12-31 16,228 6,650 -32
2017-09-30 32,932 5,414 385
2017-06-30 49,635 4,177 802
2017-03-31 117,132 3,169 2,467

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Imperial Logistics's earnings are expected to grow significantly at over 20% yearly.
  • Imperial Logistics's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IUC1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Imperial Logistics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IUC1 Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 7.72 8.20 7.25 2.00
2021-06-30 6.70 7.26 6.32 3.00
2020-06-30 6.26 6.33 6.20 3.00
2020-03-29
DB:IUC1 Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-12-31 0.03
2019-09-30 -0.12
2019-06-30 -0.26
2018-12-31 6.64
2018-09-30 5.92
2018-06-30 5.19
2017-12-31 -0.16
2017-09-30 1.98
2017-06-30 4.13
2017-03-31 12.72

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Imperial Logistics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Imperial Logistics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Imperial Logistics has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IUC1 Past Performance

  How has Imperial Logistics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Imperial Logistics's growth in the last year to its industry (Logistics).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Imperial Logistics's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Imperial Logistics's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Imperial Logistics's 1-year earnings growth is negative, it can't be compared to the Europe Logistics industry average.
Earnings and Revenue History
Imperial Logistics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Imperial Logistics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IUC1 Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 49,896.00 6.00 1,664.00
2019-09-30 49,808.00 -22.50 1,664.00
2019-06-30 49,720.00 -51.00 1,664.00
2018-12-31 47,466.00 1,294.00 1,618.00
2018-09-30 48,015.50 1,152.50 1,618.00
2018-06-30 48,565.00 1,011.00 1,618.00
2017-12-31 16,228.00 -32.00 1,887.00
2017-09-30 32,931.50 385.00 1,887.00
2017-06-30 49,635.00 802.00 1,887.00
2017-03-31 117,131.50 2,467.00 1,999.00
2016-12-31 117,326.00 2,444.00 1,999.00
2016-09-30 116,563.00 2,623.00 1,999.00
2016-06-30 115,800.00 2,802.00 1,999.00
2015-12-31 110,890.00 2,962.00 1,880.00
2015-09-30 109,171.50 2,848.50 1,880.00
2015-06-30 107,453.00 2,735.00 1,880.00
2014-12-31 104,069.00 2,622.00 1,741.00
2014-09-30 102,365.50 2,823.50 1,741.00
2014-06-30 100,662.00 3,025.00 1,741.00
2014-03-31 101,022.00 3,361.00 1,720.50
2013-12-31 98,477.00 3,450.00 1,676.00
2013-09-30 95,429.50 3,373.00 1,676.00
2013-06-30 92,382.00 3,296.00 1,676.00
2013-03-31 90,044.50 3,252.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Imperial Logistics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Imperial Logistics used its assets less efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • Imperial Logistics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Imperial Logistics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Logistics industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Imperial Logistics has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IUC1 Health

 How is Imperial Logistics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Imperial Logistics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Imperial Logistics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Imperial Logistics's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Imperial Logistics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Imperial Logistics Company Filings, last reported 2 months ago.

DB:IUC1 Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 8,237.00 8,623.00 1,167.00
2019-09-30 8,237.00 8,623.00 1,167.00
2019-06-30 8,647.00 7,421.00 1,646.00
2018-12-31 11,892.00 8,159.00 1,912.00
2018-09-30 11,892.00 8,159.00 1,912.00
2018-06-30 23,125.00 8,561.00 2,818.00
2017-12-31 20,453.00 20,038.00 2,758.00
2017-09-30 20,453.00 20,038.00 2,758.00
2017-06-30 20,261.00 20,388.00 4,499.00
2017-03-31 20,261.00 20,193.00 4,499.00
2016-12-31 19,270.00 23,613.00 2,339.00
2016-09-30 19,270.00 23,613.00 2,339.00
2016-06-30 19,775.00 19,964.00 2,321.00
2015-12-31 21,191.00 21,226.00 2,740.00
2015-09-30 21,191.00 21,226.00 2,740.00
2015-06-30 19,233.00 17,438.00 2,271.00
2014-12-31 18,262.00 18,401.00 5,172.00
2014-09-30 18,262.00 18,401.00 5,172.00
2014-06-30 18,109.00 15,614.00 3,103.00
2014-03-31 18,109.00 15,614.00 3,103.00
2013-12-31 18,839.00 13,739.00 4,971.00
2013-09-30 18,839.00 13,739.00 4,971.00
2013-06-30 17,536.00 11,214.00 1,844.00
2013-03-31 17,713.00 11,214.00 1,844.00
  • Imperial Logistics's level of debt (104.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (100.7% vs 104.3% today).
  • Debt is not well covered by operating cash flow (15.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Imperial Logistics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Imperial Logistics has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IUC1 Dividends

 What is Imperial Logistics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.5%
Current annual income from Imperial Logistics dividends. Estimated to be 11.17% next year.
If you bought €2,000 of Imperial Logistics shares you are expected to receive €170 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Imperial Logistics's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.71%).
  • Imperial Logistics's dividend is above the markets top 25% of dividend payers in Germany (4.98%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IUC1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 3.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 321 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IUC1 Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 3.83 1.00
2022-06-30 3.52 6.00
2021-06-30 3.14 7.00
2020-06-30 2.78 5.00
2020-03-29
DB:IUC1 Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-08-27 2.440 4.897
2018-09-27 7.100 10.704
2018-08-21 7.100 3.709
2017-09-28 6.500 2.922
2017-08-22 6.500 3.302
2016-09-30 7.950 4.689
2016-08-23 7.950 4.839
2015-08-25 7.950 5.513
2014-08-27 8.200 4.432
2014-02-26 8.400 4.410
2013-08-20 8.800 4.382
2013-02-27 7.600 3.689
2012-08-22 7.600 3.913
2012-02-22 6.000 3.594
2012-02-21 6.000 4.323
2011-09-13 5.200 4.349
2011-02-23 4.400 3.854
2010-08-26 3.500 3.019
2010-08-25 4.000 4.114
2010-08-24 4.000 4.113
2010-02-24 2.700 2.805
2009-08-27 2.000 2.420

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Imperial Logistics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Imperial Logistics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Imperial Logistics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Imperial Logistics has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IUC1 Management

 What is the CEO of Imperial Logistics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mohammed Akoojee
COMPENSATION ZAR23,725,000
AGE 40
TENURE AS CEO 1 years
CEO Bio

Mr. Mohammed Akoojee, BAcc (Hons) Acc, CA (SA), CFA, is Chief Executive Officer at Imperial Logistics (Pty) Ltd since July 01, 2019. He is Director of Imperial Logistics Limited (formerly known as Imperial Holdings Limited) and was its Chief Executive Officer till July 01, 2019. He was the Chief Financial Officer of Imperial Holdings Limited since March 1, 2017 until November 2018. Mr. Akoojee served as Chief Executive Officer of Imperial Logistics Rest of Africa at Imperial Logistics since October 2015. He served as an Equity Analyst of Nedbank Capital, Research Division. Mr. Akoojee is the executive responsible for mergers, acquisitions and investor relations for Imperial. He joined Imperial in 2009, having previously worked at Nedbank Securities as an Investment Analyst and at Investec in the corporate finance division. He serves as a Director of DAWN and Ukhamba Holdings (Proprietary) Limited. He serves as a Director at Imperial Logistics. Mr. Akoojee served as a Non-Executive Director at Distribution and Warehousing Network Limited since June 23, 2011 until November 11, 2015. He served as an Executive Director of Imperial Holdings Limited from November 07, 2013 to September 30, 2015. Mr. Akoojee is a Chartered Financial Analyst and Chartered Accountant and B. Com honors in Accounting.

CEO Compensation
  • Mohammed's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mohammed's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Imperial Logistics management team in years:

1.2
Average Tenure
44.5
Average Age
  • The average tenure for the Imperial Logistics management team is less than 2 years, this suggests a new team.
Management Team

Mohammed Akoojee

TITLE
CEO & Executive Director
COMPENSATION
ZAR24M
AGE
40
TENURE
1 yrs

J. De Beer

TITLE
CFO & Executive Director
COMPENSATION
ZAR9M
AGE
46
TENURE
1.3 yrs

Johan Truter

TITLE
Chief Executive Officer of African Regions
COMPENSATION
ZAR5M
AGE
46

Hakan Bicil

TITLE
Chief Executive Officer of International
COMPENSATION
ZAR955K
AGE
48

George Nakos

TITLE
Group Corporate Finance Executive
AGE
42

Esha Mansingh

TITLE
Investor Relations & Communications Executive
AGE
32

R. Venter

TITLE
Group Legal Advisor & Company Secretary

Steve Woodward

TITLE
Chief People Officer
AGE
60
TENURE
0.5 yrs

Berenice Francis

TITLE
Group Head of Risk
AGE
43

M. Sharfuddin

TITLE
Group Head of Sustainability
TENURE
8.6 yrs
Board of Directors Tenure

Average tenure and age of the Imperial Logistics board of directors in years:

1.8
Average Tenure
51
Average Age
  • The average tenure for the Imperial Logistics board of directors is less than 3 years, this suggests a new board.
Board of Directors

Phumzile Langeni

TITLE
Non-Executive Chairman
COMPENSATION
ZAR2M
AGE
44
TENURE
2.2 yrs

Mohammed Akoojee

TITLE
CEO & Executive Director
COMPENSATION
ZAR24M
AGE
40
TENURE
3 yrs

Roddy Sparks

TITLE
Deputy Chairman
COMPENSATION
ZAR2M
AGE
60
TENURE
2.2 yrs

J. De Beer

TITLE
CFO & Executive Director
COMPENSATION
ZAR9M
AGE
46
TENURE
1.3 yrs

Peter Cooper

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR916K
AGE
63
TENURE
5 yrs

Graham Dempster

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR1M
AGE
63
TENURE
0.4 yrs

Bridget Radebe

TITLE
Independent Non-Executive Director
AGE
39
TENURE
0.5 yrs

Dirk Reich

TITLE
Independent Non-Executive Director
AGE
56
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Imperial Logistics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Imperial Logistics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IUC1 News

Simply Wall St News

IUC1 Company Info

Description

Imperial Logistics Limited operates as an integrated outsourced logistics service provider in Africa, Europe, the United Kingdom, and internationally. The company provides integrated freight management; contract logistics services, such as warehousing, distribution, and synchronization management; and distributorship services, including leveraging sourcing, and transportation management to automotive, chemical and energy, healthcare, and other industries. It also acts as the lead logistics provider. It owns and operates healthcare and consumer industry warehouse with approximately 200,000 square meters area; and 23 automotive warehouses. The company was formerly known as Imperial Holdings Limited and changed its name to Imperial Logistics Limited in December 2018. Imperial Logistics Limited is headquartered in Bedfordview, South Africa.

Details
Name: Imperial Logistics Limited
IUC1
Exchange: DB
Founded:
ZAR283,246,286
192,700,000
Website: http://www.imperiallogistics.com
Address: Imperial Logistics Limited
Imperial Logistics Place,
79 Boeing Road East,
Bedfordview,
Gauteng, 2007,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE IPL Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Jan 1995
DB IUC1 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1995
OTCPK IHLD.Y SPONSORED ADR Pink Sheets LLC US USD 02. Dec 1996
Number of employees
Current staff
Staff numbers
27,000
Imperial Logistics employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 21:22
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/09
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.