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Clipper Logistics

LSE:CLG
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLG
LSE
£167M
Market Cap
  1. Home
  2. GB
  3. Commercial Services
Company description

Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom, Germany, and rest of Europe. The last earnings update was 122 days ago. More info.


Add to Portfolio Compare Print
  • Clipper Logistics has significant price volatility in the past 3 months.
CLG Share Price and Events
7 Day Returns
9.9%
LSE:CLG
-0.8%
GB Commercial Services
-2.2%
GB Market
1 Year Returns
-36.9%
LSE:CLG
-21.6%
GB Commercial Services
-25.9%
GB Market
CLG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clipper Logistics (CLG) 9.9% -38.1% -43.1% -36.9% -58.8% -6.4%
GB Commercial Services -0.8% -31.3% -35.1% -21.6% -26.8% -24.9%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • CLG underperformed the Commercial Services industry which returned -21.6% over the past year.
  • CLG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
CLG
Industry
5yr Volatility vs Market

CLG Value

 Is Clipper 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 Clipper 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 Clipper Logistics.

LSE:CLG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-10-31) in GBP £ 0.1164
Payout Ratio Company Filings (2019-10-31) 5390.5%
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 LSE:CLG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.592 (1 + (1- 19%) (151.16%))
0.766
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for LSE:CLG using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Clipper Logistics is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

LSE:CLG Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £0.12 / (5.39% - 0.53%)
£2.4
LSE:CLG Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.40
Current discount Discount to share price of £1.64
= -1 x (£1.64 - £2.40) / £2.40
31.6%

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

Current Discount
Amount off the current price Clipper Logistics is available for.
Intrinsic value
32%
Share price is £1.64 vs Future cash flow value of £2.4
Current Discount Checks
For Clipper Logistics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Clipper Logistics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Clipper 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 Clipper Logistics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clipper Logistics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:CLG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in GBP £0.14
LSE:CLG Share Price ** LSE (2020-04-03) in GBP £1.64
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PE Ratio Median Figure of 23 Publicly-Listed Commercial Services Companies 10.69x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of Clipper Logistics.

LSE:CLG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CLG Share Price ÷ EPS (both in GBP)

= 1.64 ÷ 0.14

11.73x

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

  • Clipper Logistics is overvalued based on earnings compared to the GB Commercial Services industry average.
  • Clipper Logistics is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Clipper Logistics's expected growth come at a high price?
Raw Data
LSE:CLG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
12%per year
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PEG Ratio Median Figure of 14 Publicly-Listed Commercial Services Companies 0.96x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

LSE:CLG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.73x ÷ 12%

0.98x

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

  • Clipper Logistics is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Clipper Logistics's assets?
Raw Data
LSE:CLG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in GBP £0.24
LSE:CLG Share Price * LSE (2020-04-03) in GBP £1.64
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry PB Ratio Median Figure of 32 Publicly-Listed Commercial Services Companies 1.46x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
LSE:CLG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CLG Share Price ÷ Book Value per Share (both in GBP)

= 1.64 ÷ 0.24

6.72x

* Primary Listing of Clipper Logistics.

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

  • Clipper Logistics is overvalued based on assets compared to the GB Commercial Services industry average.
X
Value checks
We assess Clipper 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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Clipper Logistics 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.

CLG Future Performance

 How is Clipper Logistics 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
12%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clipper Logistics expected to grow at an attractive rate?
  • Clipper Logistics's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Clipper Logistics's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Clipper Logistics's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:CLG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:CLG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 12%
LSE:CLG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8.1%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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
LSE:CLG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:CLG Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-04-30 625 31 20 2
2021-04-30 598 30 20 2
2020-04-30 557 28 18 2
2020-04-05
LSE:CLG Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-10-31 487 25 14
2019-07-31 474 24 14
2019-04-30 460 22 13
2019-01-31 444 19 14
2018-10-31 428 16 15
2018-07-31 414 17 15
2018-04-30 400 19 14
2018-01-31 388 20 14
2017-10-31 375 20 13
2017-07-31 358 21 13
2017-04-30 340 21 12
2017-01-31 327 21 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clipper Logistics's earnings are expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
  • Clipper Logistics's revenue is expected to grow by 8.1% 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
LSE:CLG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Clipper Logistics Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:CLG Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-04-30 0.20 0.20 0.20 1.00
2021-04-30 0.19 0.19 0.19 1.00
2020-04-30 0.18 0.18 0.18 1.00
2020-04-05
LSE:CLG Past Financials Data
Date (Data in GBP Millions) EPS *
2019-10-31 0.14
2019-07-31 0.14
2019-04-30 0.13
2019-01-31 0.14
2018-10-31 0.15
2018-07-31 0.15
2018-04-30 0.14
2018-01-31 0.14
2017-10-31 0.13
2017-07-31 0.13
2017-04-30 0.12
2017-01-31 0.12

*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.
  • Unable to establish if Clipper Logistics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Clipper 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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Clipper Logistics has a total score of 2/6, 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.

CLG Past Performance

  How has Clipper 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 Clipper Logistics's growth in the last year to its industry (Commercial Services).
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.
  • Clipper Logistics's year on year earnings growth rate has been positive over the past 5 years.
  • Clipper Logistics's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Clipper Logistics's 1-year earnings growth is negative, it can't be compared to the GB Commercial Services industry average.
Earnings and Revenue History
Clipper 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 Clipper Logistics Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:CLG Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 486.99 14.20 114.07
2019-07-31 473.58 13.80 111.28
2019-04-30 460.17 13.41 108.48
2019-01-31 444.26 14.37 105.43
2018-10-31 428.36 15.34 102.39
2018-07-31 414.24 14.81 100.37
2018-04-30 400.12 14.28 98.36
2018-01-31 387.50 13.83 93.96
2017-10-31 374.89 13.38 89.57
2017-07-31 357.51 12.92 85.49
2017-04-30 340.13 12.47 81.42
2017-01-31 326.91 11.92 77.88
2016-10-31 313.70 11.37 74.34
2016-07-31 302.01 10.85 72.10
2016-04-30 290.33 10.34 69.85
2016-01-31 277.55 9.62 67.73
2015-10-31 264.77 8.90 65.61
2015-07-31 249.77 8.25 61.43
2015-04-30 234.78 7.60 57.26
2015-01-31 227.29 6.58 55.72
2014-10-31 219.81 5.56 54.18
2014-07-31 210.53 5.34 52.18
2014-04-30 201.25 5.12 50.19
2013-04-30 160.70 5.90 41.48

*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.
  • Whilst Clipper Logistics made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Clipper Logistics used its assets less efficiently than the GB Commercial Services industry average last year based on Return on Assets.
  • Clipper Logistics's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Clipper 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 Commercial Services 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.
Clipper Logistics has a total score of 1/6, 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.

CLG Health

 How is Clipper 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 Clipper Logistics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clipper Logistics's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Clipper Logistics's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Clipper 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 4.2x 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 Clipper Logistics Company Filings, last reported 5 months ago.

LSE:CLG Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 24.81 34.65 2.29
2019-07-31 24.81 34.65 2.29
2019-04-30 43.22 39.51 3.52
2019-01-31 43.22 39.51 3.52
2018-10-31 40.74 21.67 2.12
2018-07-31 40.74 21.67 2.12
2018-04-30 39.32 30.75 2.28
2018-01-31 39.32 30.75 2.28
2017-10-31 32.54 16.21 0.93
2017-07-31 32.54 16.21 0.93
2017-04-30 30.07 31.36 0.86
2017-01-31 30.07 31.36 0.86
2016-10-31 24.57 12.70 1.47
2016-07-31 24.57 12.70 1.47
2016-04-30 22.78 30.74 0.72
2016-01-31 22.78 30.74 0.72
2015-10-31 18.44 12.71 2.69
2015-07-31 18.44 12.71 2.69
2015-04-30 17.00 24.14 1.85
2015-01-31 17.00 24.14 1.85
2014-10-31 13.88 11.30 2.98
2014-07-31 13.88 11.30 2.98
2014-04-30 11.47 31.87 5.36
2013-04-30 26.92 4.08 2.85
  • Clipper Logistics's level of debt (139.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (82.3% vs 139.7% today).
  • Debt is well covered by operating cash flow (72.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Clipper 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. Clipper 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.

CLG Dividends

 What is Clipper 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
5.91%
Current annual income from Clipper Logistics dividends. Estimated to be 7.1% next year.
If you bought £2,000 of Clipper Logistics shares you are expected to receive £118 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?
  • Clipper Logistics's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • Clipper Logistics's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.42%).
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
LSE:CLG 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
United Kingdom of Great Britain and Northern Ireland Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

LSE:CLG Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-04-30 0.12 2.00
2021-04-30 0.11 2.00
2020-04-30 0.11 1.00
2020-04-05
LSE:CLG Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-08-30 0.097 4.122
2018-12-06 0.088 3.442
2018-08-17 0.084 2.886
2018-07-30 0.084 2.712
2017-07-28 0.072 1.722
2016-08-02 0.060 1.643
2015-07-28 0.064 2.364
2015-06-29 0.064 2.934
2014-12-04 0.032 1.811

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

  • Whilst dividend payments have been stable, Clipper Logistics has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Clipper Logistics only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Clipper Logistics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Clipper Logistics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Clipper Logistics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clipper Logistics 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.

CLG Management

 What is the CEO of Clipper 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
Tony Mannix
COMPENSATION £328,000
AGE 56
TENURE AS CEO 5.9 years
CEO Bio

Mr. Antony Gerard Mannix, also known as Tony, has been Chief Executive Officer and Member of Executive Board of Clipper Logistics plc since May 2014 and served as its Managing Director. Mr. Mannix joined the business in 2006 after a career in retail logistics spanning 20 years. He worked in the construction industry for 3 years before moving into logistics, where he developed an overnight passion for 'the supply chain'. As a Chartered Fellow of the Institute of Logistics & Transport, he has a wealth of experience in complex logistics, including the design and specification of distribution centres, warehouse management systems and the use of rail within the supply chain. Mr. Mannix has a clear role within the Group - to develop the logistics division & deliver operational and commercial success. He serves as Executive Director of Clipper Logistics plc, where he shares the same overriding aim as his group colleagues - to continue to grow & evolve the business as a whole. Mr. Mannix graduating from university as an Architectural Engineer.

CEO Compensation
  • Tony's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tony's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

4.3
Average Tenure
58
Average Age
  • The tenure for the Clipper Logistics management team is about average.
Management Team

Steve Parkin

TITLE
Founder
COMPENSATION
£491K
AGE
59

Tony Mannix

TITLE
CEO, Member of Executive Board & Executive Director
COMPENSATION
£328K
AGE
56
TENURE
5.9 yrs

David Hodkin

TITLE
CFO, Member of Executive Board & Executive Director
COMPENSATION
£257K
AGE
58
TENURE
17.3 yrs

Stefan Van Hoof

TITLE
Chief Operating Officer
TENURE
0.2 yrs

Guy Jackson

TITLE
Group Head of Legal
TENURE
5.2 yrs

Richard Cowlishaw

TITLE
Group HR Director
TENURE
3.5 yrs

Carl Moore

TITLE
Chief Commercial Officer
TENURE
1.3 yrs

Roger Peel

TITLE
Managing Director of Commercial Vehicles
COMPENSATION
£108K

Jürgen Wey

TITLE
Managing Director of German Logistics
COMPENSATION
£72K

Marianne Hodgkiss

TITLE
Company Secretary
Board of Directors Tenure

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

1.1
Average Tenure
58.5
Average Age
  • The average tenure for the Clipper Logistics board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steve Parkin

TITLE
Founder
COMPENSATION
£491K
AGE
59

Tony Mannix

TITLE
CEO, Member of Executive Board & Executive Director
COMPENSATION
£328K
AGE
56

David Hodkin

TITLE
CFO, Member of Executive Board & Executive Director
COMPENSATION
£257K
AGE
58

Stuart Watson

TITLE
Independent Non-Executive Director
COMPENSATION
£5K
TENURE
1.1 yrs

Stephen Robertson

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£53K
AGE
65
TENURE
1.1 yrs

Dino Rocos

TITLE
Independent Non-Executive Director
TENURE
0.3 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 (£)
03. Dec 19 Sell Scion Asset Management, LLC Company 02. Dec 19 02. Dec 19 -650,000 £3.02 £-1,959,750
13. Jan 20 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 10. Jan 20 10. Jan 20 -2,600 £2.83 £-7,363
13. Jan 20 Buy Charles Stanley & Co. Ltd, Asset Management Arm Company 10. Jan 20 10. Jan 20 5,150 £2.87 £14,800
10. Jan 20 Sell Nomura Holdings Inc, Securities & Investment Arm Company 09. Jan 20 09. Jan 20 -114 £2.77 £-316
10. Jan 20 Buy Nomura Holdings Inc, Securities & Investment Arm Company 09. Jan 20 09. Jan 20 114 £2.77 £315
07. Jan 20 Buy Charles Stanley & Co. Ltd, Asset Management Arm Company 06. Jan 20 06. Jan 20 3,000 £2.90 £8,700
31. Dec 19 Buy Charles Stanley & Co. Ltd, Asset Management Arm Company 30. Dec 19 30. Dec 19 2,925 £2.90 £8,483
27. Dec 19 Buy Global Alpha Capital Management Ltd. Company 24. Dec 19 24. Dec 19 1,069 £2.94 £3,145
22. Nov 19 Sell Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 21. Nov 19 21. Nov 19 -52,276 £2.93 £0
22. Nov 19 Buy Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 21. Nov 19 21. Nov 19 52,276 £2.93 £153,284
20. Dec 19 Sell Franklin Resources, Inc. Company 19. Dec 19 19. Dec 19 -1,161,854 £2.90 £-3,369,377
20. Dec 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 19. Dec 19 19. Dec 19 -7,800 £2.88 £-22,497
19. Dec 19 Sell Nomura Holdings Inc, Securities & Investment Arm Company 18. Dec 19 18. Dec 19 -1,168 £2.93 £-3,416
19. Dec 19 Sell Franklin Resources, Inc. Company 18. Dec 19 18. Dec 19 -12,191 £2.93 £-35,720
18. Dec 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 17. Dec 19 17. Dec 19 -1,550 £2.90 £-4,457
18. Dec 19 Sell Franklin Resources, Inc. Company 17. Dec 19 17. Dec 19 -12,000 £2.91 £-34,920
18. Dec 19 Buy Liontrust Investment Partners LLP Company 17. Dec 19 17. Dec 19 5,175 £2.86 £14,801
18. Dec 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 17. Dec 19 17. Dec 19 606 £2.82 £1,706
16. Dec 19 Sell Global Alpha Capital Management Ltd. Company 13. Dec 19 13. Dec 19 -1,175 £2.87 £-3,366
13. Dec 19 Buy Liontrust Investment Partners LLP Company 12. Dec 19 12. Dec 19 6,917 £2.80 £19,368
12. Dec 19 Sell Nomura Holdings Inc, Securities & Investment Arm Company 11. Dec 19 11. Dec 19 -638 £2.85 £-1,821
12. Dec 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 11. Dec 19 11. Dec 19 638 £2.86 £1,824
11. Dec 19 Sell Franklin Resources, Inc. Company 10. Dec 19 10. Dec 19 -290,463 £2.95 £-856,866
10. Dec 19 Sell BlackRock, Inc. Company 09. Dec 19 09. Dec 19 -105 £2.96 £-311
06. Dec 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 05. Dec 19 05. Dec 19 -3,275 £2.94 £-9,630
09. Dec 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 06. Dec 19 06. Dec 19 -1,550 £2.96 £-4,588
05. Dec 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 04. Dec 19 04. Dec 19 21 £3.05 £64
03. Dec 19 Sell Nomura Holdings Inc, Securities & Investment Arm Company 02. Dec 19 02. Dec 19 -1,176 £3.01 £-3,542
03. Dec 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 02. Dec 19 02. Dec 19 1,176 £3.00 £3,528
29. Nov 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 28. Nov 19 28. Nov 19 507 £3.02 £1,529
28. Nov 19 Sell Charles Stanley & Co. Ltd, Asset Management Arm Company 27. Nov 19 27. Nov 19 -1,000 £2.97 £-2,973
28. Nov 19 Sell Nomura Holdings Inc, Securities & Investment Arm Company 27. Nov 19 27. Nov 19 -2,031 £2.98 £0
28. Nov 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 27. Nov 19 27. Nov 19 380 £2.97 £1,129
28. Nov 19 Sell Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 27. Nov 19 27. Nov 19 -10,994 £2.97 £-32,666
28. Nov 19 Buy Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 27. Nov 19 27. Nov 19 10,994 £2.98 £32,763
27. Nov 19 Sell Nomura Holdings Inc, Securities & Investment Arm Company 26. Nov 19 26. Nov 19 -3,409 £2.98 £0
27. Nov 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 26. Nov 19 26. Nov 19 55 £2.94 £162
27. Nov 19 Sell Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 26. Nov 19 26. Nov 19 -8,452 £2.96 £-25,008
27. Nov 19 Buy Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 26. Nov 19 26. Nov 19 8,452 £2.97 £0
26. Nov 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 25. Nov 19 25. Nov 19 2,274 £2.95 £6,708
26. Nov 19 Sell Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 25. Nov 19 25. Nov 19 -32,602 £2.95 £-96,072
26. Nov 19 Buy Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 25. Nov 19 25. Nov 19 32,602 £2.95 £0
25. Nov 19 Sell Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 22. Nov 19 22. Nov 19 -34,320 £2.93 £-100,400
25. Nov 19 Buy Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 22. Nov 19 22. Nov 19 34,320 £2.95 £0
21. Nov 19 Sell Nomura Holdings Inc, Securities & Investment Arm Company 20. Nov 19 20. Nov 19 -4,556 £2.89 £-13,188
21. Nov 19 Buy Nomura Holdings Inc, Securities & Investment Arm Company 20. Nov 19 20. Nov 19 5,688 £2.90 £0
22. Nov 19 Sell Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 20. Nov 19 20. Nov 19 -70,592 £2.95 £-208,246
22. Nov 19 Buy Joh. Berenberg, Gossler & Co. KG, Asset Management Arm Company 20. Nov 19 20. Nov 19 70,592 £2.97 £209,305
21. Nov 19 Sell Franklin Resources, Inc. Company 20. Nov 19 20. Nov 19 -475,000 £2.90 £-1,377,500
X
Management checks
We assess Clipper 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. Clipper 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.

CLG News

Simply Wall St News

What Should We Expect From Clipper Logistics plc's (LON:CLG) Earnings Over The Next Year?

As Clipper Logistics plc (LON:CLG) released its earnings announcement on 30 April 2019, analysts seem highly optimistic, as a 56% rise in profits is expected in the upcoming year, against the past 5-year average growth rate of 19%. … View our latest analysis for Clipper Logistics Can we expect Clipper Logistics to keep growing? … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line.

Simply Wall St -

Is Clipper Logistics plc’s (LON:CLG) 25% ROCE Any Good?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Clipper Logistics: 0.25 = UK£20m ÷ (UK£213m - UK£134m) (Based on the trailing twelve months to October 2018.) So, Clipper Logistics has an ROCE of 25%. … Clipper Logistics's current ROCE of 25% is lower than 3 years ago, when the company reported a 40% ROCE. … Do Clipper Logistics's Current Liabilities Skew Its ROCE?

Simply Wall St -

What Did Clipper Logistics plc's (LON:CLG) CEO Take Home Last Year?

See our latest analysis for Clipper Logistics How Does Tony Mannix's Compensation Compare With Similar Sized Companies? … According to our data, Clipper Logistics plc has a market capitalization of UK£254m, and pays its CEO total annual compensation worth UK£614k. … We examined companies with market caps from UK£164m to UK£658m, and discovered that the median CEO total compensation of that group was UK£727k.

Simply Wall St -

Is Clipper Logistics (LON:CLG) A Risky Investment?

We note that Clipper Logistics plc (LON:CLG) does have debt on its balance sheet. … LSE:CLG Historical Debt, July 22nd 2019 How Strong Is Clipper Logistics's Balance Sheet? … Either way, since Clipper Logistics does have more debt than cash, it's worth keeping an eye on its balance sheet.

Simply Wall St -

An Intrinsic Calculation For Clipper Logistics plc (LON:CLG) Suggests It's 25% Undervalued

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (£, Millions) £11.0m £13.0m £21.1m £23.1m £23.7m £24.2m £24.7m £25.1m £25.5m £25.8m Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ 2.16% Est @ 1.88% Est @ 1.68% Est @ 1.55% Est @ 1.45% Present Value (£, Millions) Discounted @ 6.78% £10.3 £11.4 £17.3 £17.8 £17.1 £16.3 £15.6 £14.8 £14.1 £13.4 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= £148.2m After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = UK£26m × (1 + 1.2%) ÷ (6.8% – 1.2%) = UK£471m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = £UK£471m ÷ ( 1 + 6.8%)10 = £244.60m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is £392.77m. … LSE:CLG Intrinsic value, July 8th 2019 The assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

Clipper Logistics plc (LON:CLG) Insiders Increased Their Holdings

So shareholders might well want to know whether insiders have been buying or selling shares in Clipper Logistics plc (LON:CLG). … Check out our latest analysis for Clipper Logistics Clipper Logistics Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by CFO, Member of Executive Board &amp; Executive Director David Hodkin for UK£764k worth of shares, at about UK£3.18 per share. … Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Simply Wall St -

If You Had Bought Clipper Logistics (LON:CLG) Stock Five Years Ago, You Could Pocket A 107% Gain Today

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Clipper Logistics achieved compound earnings per share (EPS) growth of 24% per year. … As it happens, Clipper Logistics's TSR for the last 5 years was 129%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should Clipper Logistics plc (LON:CLG) Be Part Of Your Dividend Portfolio?

Clipper Logistics has been paying a dividend for the past four years. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Clipper Logistics has grown its earnings per share at 21% per annum over the past five years. … Earnings per share are sharply up, but we wonder if paying out more than half its earnings (leaving less for reinvestment) is an implicit signal that Clipper Logistics's growth will be slower in the future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Should You Be Adding Clipper Logistics (LON:CLG) To Your Watchlist Today?

Clipper Logistics's Earnings Per Share Are Growing. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … While we note Clipper Logistics's EBIT margins were flat over the last year, revenue grew by a solid 14% to UK£428m.

Simply Wall St -

Are Clipper Logistics plc’s (LON:CLG) High Returns Really That Great?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

CLG Company Info

Description

Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom, Germany, and rest of Europe. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. It offers e-fulfilment, returns management, port deconsolidation logistics, retail consolidation, multichannel, warehousing, secure logistics, transportation, and contract packaging services. The company also provides added-value services, including secure warehousing, HMRC customs bond, quality control, pressing, RFID/security tag attachment, label printing, store recall, metal detection, container de-stuffing, new store building, pick and pack, secure destruction, and specialist storage services. In addition, it offers specialist fashion services, such as fine distribution, primary transport, shared user distribution, secondary store distribution, contract distribution, inter-branch transfer, return to vendor, new store openings/refurbishment, spot hire, fleet management, Pan-European network, and home delivery link services. Further, the company provides Ingenious, a supply chain management solution that develops, manages, and maintains a supply chain network. Additionally, it sells new and used commercial vehicles, as well as parts; and operates servicing and repair facilities. The company is also involved in online retail activities; and operates agency for leasing commitments. It operates in 46 sites and 9.2 million square feet of warehousing space. Clipper Logistics plc was founded in 1992 and is headquartered in Leeds, the United Kingdom.

Details
Name: Clipper Logistics plc
CLG
Exchange: LSE
Founded: 1992
£166,726,360
101,662,415
Website: http://www.clippergroup.co.uk
Address: Clipper Logistics plc
Carlton Court,
Gelderd Road,
Leeds,
West Yorkshire, LS12 6LT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CLG Ordinary Shares London Stock Exchange GB GBP 30. May 2014
OTCPK CLPL.F Ordinary Shares Pink Sheets LLC US USD 30. May 2014
BATS-CHIXE CLGl Ordinary Shares BATS 'Chi-X Europe' GB GBP 30. May 2014
Number of employees
Current staff
Staff numbers
6,698
Clipper Logistics employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 02:18
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/04
Last earnings filing: 2019/12/05
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/04/30


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.