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Kerry Logistics Network

DB:KYL
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KYL
DB
HK$21B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Kerry Logistics Network Limited, an investment holding company, provides logistics services in Asia and internationally. The last earnings update was 69 days ago. More info.


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KYL Share Price and Events
7 Day Returns
-4.2%
DB:KYL
-0%
Europe Logistics
-0.5%
DE Market
1 Year Returns
9.6%
DB:KYL
19.4%
Europe Logistics
12.2%
DE Market
KYL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kerry Logistics Network (KYL) -4.2% -2.8% -5.3% 9.6% 10.5% 8.9%
Europe Logistics -0% 9.7% 12.5% 19.4% 26.3% 35.2%
DE Market -0.5% 4.4% 11.1% 12.2% 13.8% 16.6%
1 Year Return vs Industry and Market
  • KYL underperformed the Logistics industry which returned 19.4% over the past year.
  • KYL underperformed the Market in Germany which returned 12.2% over the past year.
Price Volatility
KYL
Industry
5yr Volatility vs Market

KYL Value

 Is Kerry Logistics Network 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 Kerry Logistics Network 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 Kerry Logistics Network.

DB:KYL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:KYL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Logistics Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.996 (1 + (1- 25%) (56.69%))
1.281
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.281 * 6.65%)
8.75%

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

The calculations below outline how an intrinsic value for Kerry Logistics Network 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:KYL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.75%)
2020 1,852.50 Analyst x2 1,703.51
2021 2,131.00 Analyst x2 1,802.00
2022 2,324.47 Est @ 9.08% 1,807.50
2023 2,473.78 Est @ 6.42% 1,768.90
2024 2,586.70 Est @ 4.56% 1,700.88
2025 2,671.12 Est @ 3.26% 1,615.13
2026 2,733.97 Est @ 2.35% 1,520.17
2027 2,780.88 Est @ 1.72% 1,421.89
2028 2,816.17 Est @ 1.27% 1,324.12
2029 2,843.12 Est @ 0.96% 1,229.28
Present value of next 10 years cash flows HK$15,893.00
DB:KYL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$2,843.12 × (1 + 0.23%) ÷ (8.75% – 0.23%)
HK$33,452.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$33,452.67 ÷ (1 + 8.75%)10
HK$14,463.90
DB:KYL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$15,893.00 + HK$14,463.90
HK$30,356.90
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$30,356.90 / 1,715.30
HK$17.7
DB:KYL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KYL represents 0.11341x of SEHK:636
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11341x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 17.70 x 0.11341
€2.01
Value per share (EUR) From above. €2.01
Current discount Discount to share price of €1.37
= -1 x (€1.37 - €2.01) / €2.01
31.7%

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

Current Discount
Amount off the current price Kerry Logistics Network is available for.
Intrinsic value
32%
Share price is €1.37 vs Future cash flow value of €2.01
Current Discount Checks
For Kerry Logistics Network to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kerry Logistics Network's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kerry Logistics Network'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 Kerry Logistics Network's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kerry Logistics Network's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KYL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$2.51
SEHK:636 Share Price ** SEHK (2019-11-20) in HKD HK$12.08
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 16.43x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.86x

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

** Primary Listing of Kerry Logistics Network.

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

= SEHK:636 Share Price ÷ EPS (both in HKD)

= 12.08 ÷ 2.51

4.81x

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

  • Kerry Logistics Network is good value based on earnings compared to the Europe Logistics industry average.
  • Kerry Logistics Network is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kerry Logistics Network's expected growth come at a high price?
Raw Data
DB:KYL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-22.4%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.74x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.81x ÷ -22.4%

-0.22x

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

  • Kerry Logistics Network earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kerry Logistics Network's assets?
Raw Data
DB:KYL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$13.27
SEHK:636 Share Price * SEHK (2019-11-20) in HKD HK$12.08
Europe Logistics Industry PB Ratio Median Figure of 28 Publicly-Listed Logistics Companies 2.51x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
DB:KYL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:636 Share Price ÷ Book Value per Share (both in HKD)

= 12.08 ÷ 13.27

0.91x

* Primary Listing of Kerry Logistics Network.

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

  • Kerry Logistics Network is good value based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess Kerry Logistics Network'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. Kerry Logistics Network has a total score of 4/6, 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.

KYL Future Performance

 How is Kerry Logistics Network expected to perform in the next 1 to 3 years based on estimates from 9 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
-22.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kerry Logistics Network expected to grow at an attractive rate?
  • Kerry Logistics Network's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kerry Logistics Network's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Kerry Logistics Network's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KYL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KYL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -22.4%
DB:KYL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 8.6%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:KYL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KYL Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 50,621 3,410 2,148 7
2020-12-31 46,572 3,140 2,017 9
2019-12-31 42,926 4,109 3,249 8
2019-11-20
DB:KYL Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 40,488 1,584 4,282
2019-03-31 39,313 1,623 3,361
2018-12-31 38,139 1,662 2,440
2018-09-30 36,341 1,814 2,358
2018-06-30 34,544 1,966 2,276
2018-03-31 32,666 1,816 2,196
2017-12-31 30,788 1,665 2,116
2017-09-30 29,034 1,602 2,036
2017-06-30 27,280 1,539 1,956
2017-03-31 25,658 1,424 1,917
2016-12-31 24,036 1,309 1,877
2016-09-30 22,721 1,450 1,845

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kerry Logistics Network's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kerry Logistics Network's revenue is expected to grow by 8.6% 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:KYL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Kerry Logistics Network Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KYL Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.14 1.57 0.89 5.00
2020-12-31 1.18 1.74 0.80 8.00
2019-12-31 2.01 2.50 1.51 7.00
2019-11-20
DB:KYL Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 2.51
2019-03-31 1.97
2018-12-31 1.44
2018-09-30 1.39
2018-06-30 1.34
2018-03-31 1.29
2017-12-31 1.25
2017-09-30 1.20
2017-06-30 1.15
2017-03-31 1.13
2016-12-31 1.11
2016-09-30 1.09

*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.
  • Kerry Logistics Network is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kerry Logistics Network'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.
Kerry Logistics Network has a total score of 1/6, 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.

KYL Past Performance

  How has Kerry Logistics Network 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 Kerry Logistics Network'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.
  • Kerry Logistics Network's year on year earnings growth rate has been positive over the past 5 years.
  • Kerry Logistics Network's 1-year earnings growth exceeds its 5-year average (88.1% vs 15.2%)
  • Kerry Logistics Network's earnings growth has exceeded the Europe Logistics industry average in the past year (88.1% vs 9.6%).
Earnings and Revenue History
Kerry Logistics Network'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 Kerry Logistics Network Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KYL Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 40,487.63 4,281.68 2,638.73
2019-03-31 39,313.08 3,360.73 2,588.50
2018-12-31 38,138.53 2,439.78 2,538.27
2018-09-30 36,341.04 2,357.85 2,494.97
2018-06-30 34,543.55 2,275.93 2,451.66
2018-03-31 32,665.60 2,195.91 2,315.22
2017-12-31 30,787.65 2,115.90 2,178.78
2017-09-30 29,033.83 2,035.91 2,075.94
2017-06-30 27,280.01 1,955.93 1,973.10
2017-03-31 25,657.79 1,916.57 1,922.42
2016-12-31 24,035.57 1,877.20 1,871.75
2016-09-30 22,720.68 1,844.86 1,812.56
2016-06-30 21,405.79 1,812.52 1,753.37
2016-03-31 21,242.64 1,808.48 1,736.72
2015-12-31 21,079.49 1,804.45 1,720.07
2015-09-30 21,172.51 1,764.89 1,698.87
2015-06-30 21,265.53 1,725.34 1,677.67
2015-03-31 21,190.39 1,692.09 1,632.37
2014-12-31 21,115.25 1,658.83 1,587.06
2014-09-30 20,773.26 1,612.15 1,536.15
2014-06-30 20,431.26 1,565.46 1,485.24
2014-03-31 20,200.00 1,699.99 1,488.25
2013-12-31 19,968.74 1,834.52 1,491.25
2013-09-30 19,915.54 1,688.87 1,476.91
2013-06-30 19,862.33 1,543.21 1,462.56
2013-03-31 19,578.55 1,306.30 1,413.91
2012-12-31 19,294.78 1,069.38 1,365.26

*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.
  • Kerry Logistics Network has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kerry Logistics Network used its assets more efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • Kerry Logistics Network's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kerry Logistics Network'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.
Kerry Logistics Network has a total score of 4/6, 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.

KYL Health

 How is Kerry Logistics Network'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 Kerry Logistics Network's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kerry Logistics Network is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kerry Logistics Network's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kerry Logistics Network'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 1.8x 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 Kerry Logistics Network Company Filings, last reported 4 months ago.

DB:KYL Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 26,777.19 8,973.34 6,511.04
2019-03-31 26,777.19 8,973.34 6,511.04
2018-12-31 23,667.55 9,877.38 6,433.43
2018-09-30 23,667.55 9,877.38 6,433.43
2018-06-30 21,828.27 9,276.82 4,378.60
2018-03-31 21,828.27 9,276.82 4,378.60
2017-12-31 21,266.88 8,372.31 5,034.44
2017-09-30 21,266.88 8,372.31 5,034.44
2017-06-30 19,495.33 7,712.42 3,625.34
2017-03-31 19,495.33 7,712.42 3,625.34
2016-12-31 18,090.18 7,127.34 4,311.79
2016-09-30 18,090.18 7,127.34 4,311.79
2016-06-30 18,102.12 7,149.45 4,465.24
2016-03-31 18,102.12 7,149.45 4,465.24
2015-12-31 17,980.51 5,465.85 4,593.29
2015-09-30 17,980.51 5,465.85 4,593.29
2015-06-30 17,768.14 5,347.07 3,464.67
2015-03-31 17,768.14 5,347.07 3,464.67
2014-12-31 17,352.78 4,551.74 4,520.92
2014-09-30 17,352.78 4,551.74 4,520.92
2014-06-30 16,733.09 3,686.17 3,154.85
2014-03-31 16,733.09 3,686.17 3,154.85
2013-12-31 16,215.81 4,425.60 4,970.67
2013-09-30 16,215.81 4,425.60 4,970.67
2013-06-30 11,898.26 6,949.33 3,596.05
2013-03-31 11,898.26 6,949.33 3,596.05
2012-12-31 11,125.74 6,395.14 3,702.44
  • Kerry Logistics Network's level of debt (33.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.1% vs 33.5% today).
  • Debt is not well covered by operating cash flow (17.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).
X
Financial health checks
We assess Kerry Logistics Network'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. Kerry Logistics Network has a total score of 4/6, 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.

KYL Dividends

 What is Kerry Logistics Network'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
2.07%
Current annual income from Kerry Logistics Network dividends. Estimated to be 3.71% next year.
If you bought €2,000 of Kerry Logistics Network shares you are expected to receive €41 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?
  • Kerry Logistics Network's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Kerry Logistics Network's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
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:KYL 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 9 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:KYL Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.39 6.00
2020-12-31 0.36 8.00
2019-12-31 0.60 7.00
2019-11-20
DB:KYL Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.250 1.921
2019-03-28 0.250 1.744
2018-04-25 0.220 1.857
2018-03-27 0.220 1.876
2017-04-19 0.190 1.731
2017-03-23 0.190 1.738
2016-04-22 0.160 1.529
2016-03-23 0.160 1.461
2015-04-22 0.160 1.397
2015-03-26 0.160 1.336
2014-08-29 0.120 0.994
2014-08-18 0.120 0.936
2014-04-03 0.110 0.905
2014-03-14 0.110 0.958

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

  • Whilst dividend payments have been stable, Kerry Logistics Network has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Kerry Logistics Network only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Kerry Logistics Network's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Kerry Logistics Network's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Kerry Logistics Network afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kerry Logistics Network has a total score of 3/6, see the detailed checks below.


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

KYL Management

 What is the CEO of Kerry Logistics Network'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
William Ma
COMPENSATION HK$22,867,000
AGE 58
TENURE AS CEO 15.6 years
CEO Bio

Mr. Wing Kai Ma, also known as William, has been a Managing Director of Kerry Logistics Network Limited since April 2004. Mr. Ma serves as a Joint Managing Director and Group General Manager of Kerry Logistics Network Limited, the Divisional holding company of the logistics, freight and warehouse division of Kerry Properties Ltd. He joined Kerry Properties (H.K.) Limited in September 1990 and was transferred to the logistics, freight and warehouse division in June 1999. He has been Deputy Chairman and Executive Director of Kerry Logistics Network Limited since April 2004. He is Representative of Kerry Logistics International Ltd. He served as a Director of Kerry TJ Logistics Company Limited until August 2019. He served as an Executive Director of Kerry Properties Ltd., from March 1, 2004 to November 25, 2013. He holds a Bachelor of Science in Management Sciences degree from the University of Lancaster in the United Kingdom. In September 2000, He also completed an Executive Education Program - Managing the Supply Chain at Harvard Business School.

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

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

4.1
Average Tenure
57.5
Average Age
  • The tenure for the Kerry Logistics Network management team is about average.
Management Team

Khoon Hua Kuok

TITLE
Chairman
COMPENSATION
HK$1M
AGE
40
TENURE
0.5 yrs

William Ma

TITLE
Deputy Chairman & Group MD
COMPENSATION
HK$23M
AGE
58
TENURE
15.6 yrs

George Yeo

TITLE
Senior Advisor
COMPENSATION
HK$13M
AGE
65
TENURE
0.4 yrs

Edwardo Erni

TITLE
Managing Director of China & North Asia Region
COMPENSATION
HK$7M
AGE
57

Ellis Cheng

TITLE
Chief Financial Officer
AGE
54
TENURE
10.3 yrs

Jeffery Hung

TITLE
Regional Financial Director
AGE
54

Kenneth Ko

TITLE
Deputy Managing Director of Global Freight Forwarding
AGE
48

Robert Tan

TITLE
Managing Director of South & South East Asia
AGE
62

Kledchai Benja-Athonsirikul

TITLE
Managing Director of Greater Mekong Region
AGE
64

Thomas Blank

TITLE
Managing Director of Europe
AGE
58
TENURE
4.1 yrs
Board of Directors Tenure

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

2.3
Average Tenure
57
Average Age
  • The average tenure for the Kerry Logistics Network board of directors is less than 3 years, this suggests a new board.
Board of Directors

William Ma

TITLE
Deputy Chairman & Group MD
COMPENSATION
HK$23M
AGE
58
TENURE
15.6 yrs

Kin Ng

TITLE
Executive Director
AGE
39
TENURE
0.8 yrs

Richard Shen

TITLE
Chairman of TJ Logistics Company Limited
AGE
76
TENURE
11 yrs

Khoon Hua Kuok

TITLE
Chairman
COMPENSATION
HK$1M
AGE
40
TENURE
0.5 yrs

Marina Wong

TITLE
Independent-Non-Executive Director
COMPENSATION
HK$560K
AGE
70
TENURE
6 yrs

Shu Khoo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$458K
AGE
57
TENURE
2.3 yrs

Philip Yeo

TITLE
Independent-Non-Executive Director
COMPENSATION
HK$360K
AGE
73
TENURE
6 yrs

Kevin Zhang

TITLE
Independent Nonexecutive Director
COMPENSATION
HK$515K
AGE
48
TENURE
2.3 yrs

Shao Tong

TITLE
Non-Executive Director
AGE
44
TENURE
0.4 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 Kerry Logistics Network'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. Kerry Logistics Network 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.

KYL News

Simply Wall St News

KYL Company Info

Description

Kerry Logistics Network Limited, an investment holding company, provides logistics services in Asia and internationally. The company operates through Logistics Operations, Hong Kong Warehouse, and International Freight Forwarding segments. It offers integrated logistics services, including storage and value-added, trucking and distribution, returns management, and various ancillary services; and leases warehousing space. The company also provides international freight forwarding services to transport cargo using air freight, ocean freight, and cross-border road freight forwarding services primarily in intra-Asia and between Asia and Europe. In addition, it offers express services; supply chain solutions; and fast moving consumer goods (FMCG) trading and distribution, food servicing, catering, and forth-party logistics services to gourmet shops, fast food chains, hotels, clubhouses, restaurants, supermarkets and convenience stores, pharmacies, bakeries, institutions, airline caterers, schools, and wholesalers. Further, the company provides integrated tank solutions, including tank cleaning and repair services; and courier, and engineering and consultancy services. Additionally, it trades in used and new tank container; and supplies spare parts for tank containers. It serves fashion and lifestyle, electronics and technology, food and beverage, FMCG, industrial and material sciences, automotive, and pharmaceutical and healthcare industries. Kerry Logistics Network Limited was founded in 1981 and is headquartered in Kwai Chung, Hong Kong. Kerry Logistics Network Limited is a subsidiary of Kerry Group Limited.

Details
Name: Kerry Logistics Network Limited
KYL
Exchange: DB
Founded: 1981
HK$2,392,646,134
1,715,299,112
Website: http://www.kerrylogistics.com
Address: Kerry Logistics Network Limited
Kerry Cargo Centre,
16th Floor,
Kwai Chung,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 636 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Dec 2013
OTCPK KRRY.F Ordinary Shares Pink Sheets LLC US USD 19. Dec 2013
DB KYL Ordinary Shares Deutsche Boerse AG DE EUR 19. Dec 2013
SHSC 636 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Dec 2013
SZSC 636 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Dec 2013
Number of employees
Current staff
Staff numbers
46,700
Kerry Logistics Network employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/20 21:52
End of day share price update: 2019/11/20 00:00
Last estimates confirmation: 2019/11/20
Last earnings filing: 2019/09/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.