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Logwin

DB:TGHN
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGHN
DB
€485M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Logwin AG provides logistics and transport solutions for industry and commerce worldwide. The last earnings update was 109 days ago. More info.


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TGHN Share Price and Events
7 Day Returns
0.6%
DB:TGHN
2.6%
Europe Logistics
0%
DE Market
1 Year Returns
28%
DB:TGHN
18%
Europe Logistics
9.9%
DE Market
TGHN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Logwin (TGHN) 0.6% 15% 10.5% 28% - -
Europe Logistics 2.6% 10.2% 14.4% 18% 28.1% 37.5%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • TGHN outperformed the Logistics industry which returned 18% over the past year.
  • TGHN outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
TGHN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Logwin 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 Logwin 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 Logwin.

DB:TGHN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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:TGHN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
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- 26.01%) (18.2%))
1.087
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.087 * 5.96%)
6.71%

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

The calculations below outline how an intrinsic value for Logwin 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:TGHN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.71%)
2020 23.65 Est @ -20.1% 22.16
2021 20.34 Est @ -14% 17.86
2022 18.36 Est @ -9.73% 15.11
2023 17.12 Est @ -6.74% 13.20
2024 16.32 Est @ -4.65% 11.80
2025 15.80 Est @ -3.19% 10.70
2026 15.46 Est @ -2.16% 9.81
2027 15.24 Est @ -1.45% 9.06
2028 15.10 Est @ -0.94% 8.41
2029 15.01 Est @ -0.59% 7.84
Present value of next 10 years cash flows €125.00
DB:TGHN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €15.01 × (1 + 0.23%) ÷ (6.71% – 0.23%)
€232.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €232.05 ÷ (1 + 6.71%)10
€121.22
DB:TGHN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €125.00 + €121.22
€246.22
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €246.22 / 2.88
€85.36
DB:TGHN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TGHN represents 1.00596x of XTRA:TGHN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00596x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 85.36 x 1.00596
€85.87
Value per share (EUR) From above. €85.87
Current discount Discount to share price of €169.00
= -1 x (€169.00 - €85.87) / €85.87
-96.8%

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

  • The current share price of Logwin is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Logwin's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Logwin's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TGHN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €13.43
XTRA:TGHN Share Price ** XTRA (2019-11-15) in EUR €168
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 16.31x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

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

** Primary Listing of Logwin.

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

= XTRA:TGHN Share Price ÷ EPS (both in EUR)

= 168 ÷ 13.43

12.51x

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

  • Logwin is good value based on earnings compared to the Europe Logistics industry average.
  • Logwin is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Logwin's expected growth come at a high price?
Raw Data
DB:TGHN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-10.1%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.57x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.51x ÷ -10.1%

-1.24x

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

  • Logwin 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 Logwin's assets?
Raw Data
DB:TGHN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €65.75
XTRA:TGHN Share Price * XTRA (2019-11-15) in EUR €168
Europe Logistics Industry PB Ratio Median Figure of 28 Publicly-Listed Logistics Companies 2.56x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
DB:TGHN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:TGHN Share Price ÷ Book Value per Share (both in EUR)

= 168 ÷ 65.75

2.56x

* Primary Listing of Logwin.

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

  • Logwin is good value based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess Logwin'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. Logwin has a total score of 3/6, 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.

Future Performance

 How is Logwin expected to perform in the next 1 to 3 years based on estimates from 2 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
-10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Logwin expected to grow at an attractive rate?
  • Logwin'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
  • Logwin's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Logwin's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TGHN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TGHN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -10.1%
DB:TGHN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.2%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
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:TGHN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TGHN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,232 1
2022-12-31 1,214 1
2021-12-31 1,215 29 2
2020-12-31 1,195 30 2
2019-12-31 1,176 32 2
2019-11-17
DB:TGHN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 1,170 40 39
2019-03-31 1,160 44 39
2018-12-31 1,150 47 39
2018-09-30 1,134 49 35
2018-06-30 1,118 51 31
2018-03-31 1,118 41 29
2017-12-31 1,119 32 26
2017-09-30 1,086 29 26
2017-06-30 1,052 26 27
2017-03-31 1,021 29 26
2016-12-31 990 33 26
2016-09-30 989 41 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Logwin's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Logwin's revenue is expected to grow by 1.2% 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:TGHN 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 2 Analyst Estimates (S&P Global) See Below

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

DB:TGHN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 10.17 10.17 10.17 1.00
2020-12-31 10.24 10.24 10.24 1.00
2019-12-31 11.05 11.05 11.05 1.00
2019-11-17
DB:TGHN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 13.43
2019-03-31 13.41
2018-12-31 13.40
2018-09-30 12.05
2018-06-30 10.70
2018-03-31 9.90
2017-12-31 9.11
2017-09-30 9.17
2017-06-30 9.23
2017-03-31 9.11
2016-12-31 8.98
2016-09-30 5.69

*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.
  • Logwin is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Logwin'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.
Logwin has a total score of 0/6, 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.

Past Performance

  How has Logwin 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 Logwin'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.
  • Logwin has delivered over 20% year on year earnings growth in the past 5 years.
  • Logwin's 1-year earnings growth is less than its 5-year average (25.5% vs 28%)
  • Logwin's earnings growth has exceeded the Europe Logistics industry average in the past year (25.5% vs 9.6%).
Earnings and Revenue History
Logwin'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 Logwin Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TGHN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,169.62 38.74 56.00
2019-03-31 1,159.62 38.69 54.73
2018-12-31 1,149.61 38.64 53.46
2018-09-30 1,133.72 34.75 52.69
2018-06-30 1,117.84 30.86 52.13
2018-03-31 1,118.48 28.56 53.44
2017-12-31 1,119.12 26.26 54.75
2017-09-30 1,085.72 26.44 55.44
2017-06-30 1,052.32 26.61 56.13
2017-03-31 1,021.24 26.27 56.46
2016-12-31 990.16 25.93 56.78
2016-09-30 988.54 16.48 58.64
2016-06-30 1,006.11 15.85 58.98
2016-03-31 1,024.09 14.41 59.14
2015-12-31 1,058.92 15.06 59.94
2015-09-30 1,092.10 18.07 60.44
2015-06-30 1,118.29 17.11 61.09
2015-03-31 1,125.33 14.82 62.21
2014-12-31 1,129.43 13.39 61.96
2014-09-30 1,129.72 6.07 66.27
2014-06-30 1,140.07 4.32 67.54
2014-03-31 1,177.55 -2.49 67.19
2013-12-31 1,219.71 -3.41 72.83
2013-09-30 1,251.72 -19.74 75.69
2013-06-30 1,294.71 -18.09 79.90
2013-03-31 1,315.43 -67.50 86.22
2012-12-31 1,324.59 -69.15 87.77

*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.
  • Logwin has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Logwin used its assets more efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • Logwin has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Logwin'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.
Logwin has a total score of 5/6, 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.

Health

 How is Logwin'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 Logwin's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Logwin is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Logwin's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Logwin'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 4433.3x 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 Logwin Company Filings, last reported 4 months ago.

DB:TGHN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 190.67 0.07 119.32
2019-03-31 190.67 0.07 119.32
2018-12-31 184.69 0.05 155.95
2018-09-30 184.69 0.05 155.95
2018-06-30 164.50 0.05 119.40
2018-03-31 164.50 0.05 119.40
2017-12-31 155.07 0.11 127.87
2017-09-30 155.07 0.11 127.87
2017-06-30 144.24 0.30 85.38
2017-03-31 144.24 0.30 85.38
2016-12-31 139.15 0.28 116.51
2016-09-30 139.15 0.28 116.51
2016-06-30 121.73 0.47 77.93
2016-03-31 114.53 15.37 93.31
2015-12-31 114.53 0.73 93.31
2015-09-30 116.68 0.71 63.24
2015-06-30 114.16 0.89 49.98
2015-03-31 109.83 2.52 57.90
2014-12-31 102.06 1.27 68.82
2014-09-30 105.28 3.95 58.29
2014-06-30 96.41 4.03 41.07
2014-03-31 96.45 4.78 50.27
2013-12-31 90.95 5.33 58.74
2013-09-30 99.85 15.09 48.50
2013-06-30 97.62 21.67 50.22
2013-03-31 103.67 25.64 48.07
2012-12-31 98.15 28.21 53.93
  • Logwin's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.2% vs 0% today).
  • Debt is well covered by operating cash flow (56681.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.5x coverage).
X
Financial health checks
We assess Logwin'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. Logwin has a total score of 6/6, 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.

Dividends

 What is Logwin'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
2.08%
Current annual income from Logwin dividends. Estimated to be 2.08% next year.
If you bought €2,000 of Logwin shares you are expected to receive €42 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?
  • Logwin's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Logwin's dividend is below the markets top 25% of dividend payers in Germany (3.66%).
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:TGHN 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 2 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 333 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:TGHN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.50 1.00
2020-12-31 3.50 1.00
2019-12-31 3.50 1.00
2019-11-17
DB:TGHN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-07-31 3.500 2.285
2019-03-05 3.500 2.147
2018-02-28 2.500 1.830

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

  • Whilst dividend payments have been stable, Logwin has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Logwin only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Logwin's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Logwin'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 Logwin afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Logwin 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.

Management

 What is the CEO of Logwin'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
Antonius Wagner
AGE 58
TENURE AS CEO 5.6 years
CEO Bio

Dr. Antonius Wagner has been Chief Executive Officer of DELTON AG since May 2014. Dr. Wagner has been the Chief Executive Officer of Logwin AG since April 9, 2014. Dr. Wagner has a Member of Executive Board at Delton AG since February 2002 and its Chief Financial Officer since 2002. Dr. Wagner served as the Chief Financial Officer at Logwin AG, Logistics Division of Delton AG until April 9, 2014. Dr. Wagner has been the Chairman of the Management Board at DELTON AG since May 2014. He has been the Chairman of the Board at Logwin AG since April 9, 2014. He served as Deputy Chairman of the Management Board at T hiel Logistik AG, Grevenmacher. Dr. Wagner was first employed at the Auditing Institute of the University of Münster. His major career steps included Commercial Head of Bosch Diesel in Jihlava (Czech Rep.), employment at McKinsey Corporate Consulting and Head of Business at Lafarge Dachsysteme. He served as Deputy Chairman of Logwin AG. He serves as Deputy Chairman of the supervisory board for Microlog Logistics AG. He has been an Executive Director at Logwin AG since October 2002. He serves as a Member of the Supervisory Board of Microlog Logistics AG. Dr. Wagner serves as Director of Thiel Logistik AG. Dr. Wagner has been a member of the supervisory board for Delacher Logistics AG, Wolfurt (Austria) since April 20, 2007, Quehenberger Logistik AG, Bergheim (Austria) since April 20, 2007. He served as Member of Supervisory Board at FRIWO AG. He served as Member of the Board of CeDo Household Products Ltd., Telford (Great Britain) until December 21, 2004. He served as Member of the Supervisory Board at Kraftverkehr Bayern GmbH until October 19, 2005. He studied Business Administration in Westfälische Wilhelms-Universität Münster.

CEO Compensation
  • Insufficient data for Antonius to compare compensation growth.
  • Insufficient data for Antonius to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Antonius Wagner

TITLE
Chairman & CEO
AGE
58
TENURE
5.6 yrs

Sebastian Esser

TITLE
Deputy Chairman & CFO
AGE
45
TENURE
5.6 yrs

Axel Steiner

TITLE
Chief Compliance Officer and Head of Human Resources & Legal Affairs
AGE
46
Board of Directors Tenure

Average tenure and age of the Logwin board of directors in years:

3.6
Average Tenure
51.5
Average Age
  • The tenure for the Logwin board of directors is about average.
Board of Directors

Antonius Wagner

TITLE
Chairman & CEO
AGE
58
TENURE
5.6 yrs

Sebastian Esser

TITLE
Deputy Chairman & CFO
AGE
45
TENURE
1.6 yrs

Michael Kemmer

TITLE
Non-Executive Director
AGE
62
TENURE
13.6 yrs

Phillipe Prussen

TITLE
Non-Executive Director
AGE
42
TENURE
1.6 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 Logwin'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. Logwin 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.

News

Simply Wall St News

Will Logwin AG's (FRA:TGHN) Earnings Grow In The Years Ahead?

Below is my commentary, albeit very simple and high-level, on how market analysts predict Logwin's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … See our latest analysis for Logwin Analysts' expectations for this coming year seems pessimistic, with earnings decreasing by a double-digit -17%. … DB:TGHN Past and Future Earnings, July 29th 2019 Even though it is useful to be aware of the rate of growth each year relative to today’s figure, it may be more valuable estimating the rate at which the company is growing on average every year.

Simply Wall St -

Want To Invest In Logwin AG (FRA:TGHN)? Here's How It Performed Lately

Measuring Logwin AG's (FRA:TGHN) track record of past performance is a useful exercise for investors. … See our latest analysis for Logwin Were TGHN's earnings stronger than its past performances and the industry? … I recommend you continue to research Logwin to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for TGHN’s future growth?

Simply Wall St -

The Logwin (FRA:TGHN) Share Price Is Up 14% And Shareholders Are Holding On

To wit, the Logwin AG (FRA:TGHN) share price is 14% higher than it was a year ago, much better than the market return of around -6.3% (not including dividends) in the same period. … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. … We note that for Logwin the TSR over the last year was 17%, which is better than the share price return mentioned above.

Simply Wall St -

How Much Of Logwin AG (FRA:TGHN) Do Insiders Own?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Logwin is not a large company by global standards. … View our latest analysis for Logwin DB:TGHN Ownership Summary, July 1st 2019 What Does The Institutional Ownership Tell Us About Logwin? … Insider Ownership Of Logwin While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

How Does Logwin AG (FRA:TGHN) Fare As A Dividend Stock?

Click the interactive chart for our full dividend analysis DB:TGHN Historical Dividend Yield, July 1st 2019 Payout ratios Dividends are typically paid from company earnings. … This company has been paying a dividend for less than 2 years, which we think is too soon to consider it a reliable dividend stock. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable.

Simply Wall St -

Are Logwin AG’s (FRA:TGHN) High Returns Really That Great?

Author Edwin Whiting says to be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' How Do You Calculate Return On Capital Employed? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Logwin: 0.22 = €50m ÷ (€471m - €241m) (Based on the trailing twelve months to December 2018.) Therefore, Logwin has an ROCE of 22%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

What Are Analysts Saying About The Future Of Logwin AG's (FRA:TGHN)?

Currently with a trailing-twelve-month profit of €39m, the consensus growth rate suggests that earnings will drop to €32m by 2020. … To understand the overall trajectory of TGHN's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … DB:TGHN Past and Future Earnings, June 10th 2019 By 2022, TGHN's earnings should reach €29m, from current levels of €39m, resulting in an annual growth rate of -9.4%.

Simply Wall St -

Is Now The Time To Put Logwin (FRA:TGHN) On Your Watchlist?

But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. … If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. … In the chart below, you can see how the company has grown earnings, and revenue, over time.

Simply Wall St -

Is Logwin AG (FRA:TGHN) Potentially Underrated?

Flawless balance sheet with outstanding track record Over the past year, TGHN has grown its earnings by 47%, with its most recent figure exceeding its annual average over the past five years. … This implies that TGHN manages its cash and cost levels well, which is a key determinant of the company’s health. … TGHN's has produced operating cash levels of 4.12x total debt over the past year, which implies that TGHN's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.

Simply Wall St -

Is Logwin AG's (FRA:TGHN) P/E Ratio Really That Good?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Logwin: P/E of 12.24 = €164 ÷ €13.4 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings. … So What Does Logwin's Balance Sheet Tell Us?

Simply Wall St -

Company Info

Description

Logwin AG provides logistics and transport solutions for industry and commerce worldwide. It operates in two segments, Air + Ocean and Solutions. The Air + Ocean segment engages in the intercontinental air and ocean freight activities. The Solutions segment offers individual customer and industry oriented solutions, including supply chain management, transportation, warehousing, value-added services, and outsourcing projects. The company serves various industries, such as industrial engineering, automotive, chemical, electronics and high tech, consumer goods, retail, and fashion. Logwin AG was founded in 1877 and is based in Grevenmacher, Luxembourg. Logwin AG is a subsidiary of DELTON Logistics S.á r.l.

Details
Name: Logwin AG
TGHN
Exchange: DB
Founded: 1877
€484,578,360
2,884,395
Website: http://www.logwin-logistics.com
Address: Logwin AG
5, an de Längten,
ZIR Potaschberg,
Grevenmacher,
6776,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA TGHN Registered Shares XETRA Trading Platform DE EUR 15. Jun 2017
DB TGHN Registered Shares Deutsche Boerse AG DE EUR 15. Jun 2017
LSE 0RQG Registered Shares London Stock Exchange GB EUR 15. Jun 2017
DB TGHA NPV (POST SPLIT) Deutsche Boerse AG DE EUR 22. May 2017
XTRA TGHA NPV (POST SPLIT) XETRA Trading Platform DE EUR 22. May 2017
LSE 0RPL NPV (POST SPLIT) London Stock Exchange GB EUR 22. May 2017
Number of employees
Current staff
Staff numbers
4,383
Logwin employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 22:05
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/09/25
Last earnings filing: 2019/07/31
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.