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Clarkson

OTCPK:CKNH.F
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CKNH.F
OTCPK
£831M
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Clarkson PLC provides integrated shipping services worldwide. The last earnings update was 102 days ago. More info.


Add to Portfolio Compare Print
  • Clarkson has significant price volatility in the past 3 months.
CKNH.F Share Price and Events
7 Day Returns
-1.7%
OTCPK:CKNH.F
1.6%
US Shipping
0.5%
US Market
1 Year Returns
17.8%
OTCPK:CKNH.F
7.7%
US Shipping
16.1%
US Market
CKNH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clarkson (CKNH.F) -1.7% -2.2% 15.2% 17.8% 33.5% -
US Shipping 1.6% -0.1% 9.3% 7.7% 6.3% -59.8%
US Market 0.5% 3.9% 6.6% 16.1% 37.7% 43.7%
1 Year Return vs Industry and Market
  • CKNH.F outperformed the Shipping industry which returned 7.7% over the past year.
  • CKNH.F outperformed the Market in United States of America which returned 16.1% over the past year.
Price Volatility
CKNH.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Clarkson's competitors could be found in our database.

CKNH.F Value

 Is Clarkson 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 Clarkson 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 Clarkson.

OTCPK:CKNH.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:CKNH.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.749 (1 + (1- 19%) (7.97%))
0.864
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.864 * 6.65%)
8.48%

Discounted Cash Flow Calculation for OTCPK:CKNH.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Clarkson 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.

OTCPK:CKNH.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.48%)
2020 47.73 Analyst x2 44.00
2021 49.81 Analyst x2 42.33
2022 48.98 Est @ -1.67% 38.37
2023 48.81 Est @ -0.35% 35.25
2024 49.09 Est @ 0.57% 32.68
2025 49.69 Est @ 1.22% 30.50
2026 50.52 Est @ 1.67% 28.58
2027 51.52 Est @ 1.99% 26.87
2028 52.66 Est @ 2.21% 25.32
2029 53.91 Est @ 2.37% 23.90
Present value of next 10 years cash flows £327.00
OTCPK:CKNH.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £53.91 × (1 + 2.73%) ÷ (8.48% – 2.73%)
£963.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £963.79 ÷ (1 + 8.48%)10
£427.21
OTCPK:CKNH.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £327.00 + £427.21
£754.21
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £754.21 / 30.21
£24.97
OTCPK:CKNH.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CKNH.F represents 1.29818x of LSE:CKN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.29818x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 24.97 x 1.29818
$32.41
Value per share (USD) From above. $32.41
Current discount Discount to share price of $35.70
= -1 x ($35.70 - $32.41) / $32.41
-10.1%

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

  • The current share price of Clarkson 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 Clarkson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clarkson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CKNH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £1.03
LSE:CKN Share Price ** LSE (2019-11-20) in GBP £27.5
United States of America Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 18.24x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.02x

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

** Primary Listing of Clarkson.

OTCPK:CKNH.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 27.5 ÷ 1.03

26.78x

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

  • Clarkson is overvalued based on earnings compared to the US Shipping industry average.
  • Clarkson is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Clarkson's expected growth come at a high price?
Raw Data
OTCPK:CKNH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
10.7%per year
United States of America Shipping Industry PEG Ratio Median Figure of 9 Publicly-Listed Shipping Companies 0.32x
United States of America Market PEG Ratio Median Figure of 2,043 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

OTCPK:CKNH.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.78x ÷ 10.7%

2.49x

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

  • Clarkson is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Clarkson's assets?
Raw Data
OTCPK:CKNH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £14.29
LSE:CKN Share Price * LSE (2019-11-20) in GBP £27.5
United States of America Shipping Industry PB Ratio Median Figure of 23 Publicly-Listed Shipping Companies 0.53x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.75x
OTCPK:CKNH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 27.5 ÷ 14.29

1.92x

* Primary Listing of Clarkson.

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

  • Clarkson is overvalued based on assets compared to the US Shipping industry average.
X
Value checks
We assess Clarkson'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Clarkson has a total score of 0/6, 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.

CKNH.F Future Performance

 How is Clarkson expected to perform in the next 1 to 3 years based on estimates from 4 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
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clarkson expected to grow at an attractive rate?
  • Clarkson's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Clarkson's earnings growth is positive but not above the United States of America market average.
  • Clarkson's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CKNH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CKNH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 10.7%
OTCPK:CKNH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.5%
United States of America Shipping Industry Earnings Growth Rate Market Cap Weighted Average 30.9%
United States of America Shipping Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:CKNH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CKNH.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 392 54 41 4
2020-12-31 376 52 38 4
2019-12-31 357 57 34 4
2019-11-22
OTCPK:CKNH.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 353 58 31
2019-03-31 345 40 30
2018-12-31 338 23 30
2018-09-30 329 19 29
2018-06-30 320 15 29
2018-03-31 322 32 30
2017-12-31 324 48 31
2017-09-30 320 54 35
2017-06-30 316 60 38
2017-03-31 311 53 37
2016-12-31 306 46 36
2016-09-30 305 42 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clarkson's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Clarkson's revenue is expected to grow by 4.5% 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
OTCPK:CKNH.F 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 4 Analyst Estimates (S&P Global) See Below

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

OTCPK:CKNH.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.36 1.38 1.32 3.00
2020-12-31 1.25 1.28 1.23 3.00
2019-12-31 1.10 1.15 1.06 3.00
2019-11-22
OTCPK:CKNH.F Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 1.03
2019-03-31 1.01
2018-12-31 0.99
2018-09-30 0.98
2018-06-30 0.96
2018-03-31 1.00
2017-12-31 1.04
2017-09-30 1.16
2017-06-30 1.28
2017-03-31 1.24
2016-12-31 1.20
2016-09-30 1.07

*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.
  • Clarkson is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Clarkson'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Clarkson 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.

CKNH.F Past Performance

  How has Clarkson 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 Clarkson's growth in the last year to its industry (Shipping).
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.
  • Clarkson's year on year earnings growth rate has been positive over the past 5 years.
  • Clarkson's 1-year earnings growth is less than its 5-year average (6.9% vs 14.1%)
  • Clarkson's earnings growth has exceeded the US Shipping industry average in the past year (6.9% vs -48.2%).
Earnings and Revenue History
Clarkson'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 Clarkson Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CKNH.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 352.80 31.00 292.20
2019-03-31 345.20 30.40 286.65
2018-12-31 337.60 29.80 281.10
2018-09-30 328.70 29.40 274.20
2018-06-30 319.80 29.00 267.30
2018-03-31 321.90 30.20 267.85
2017-12-31 324.00 31.40 268.40
2017-09-30 319.85 34.90 266.70
2017-06-30 315.70 38.40 265.00
2017-03-31 310.90 37.05 262.35
2016-12-31 306.10 35.70 259.70
2016-09-30 304.90 31.85 258.00
2016-06-30 303.70 28.00 256.30
2016-03-31 302.75 23.85 253.95
2015-12-31 301.80 19.70 251.60
2015-09-30 286.65 15.65 236.85
2015-06-30 271.50 11.60 222.10
2015-03-31 254.70 14.40 206.85
2014-12-31 237.90 17.20 191.60
2014-09-30 229.25 18.10 186.20
2014-06-30 220.60 19.00 180.80
2014-03-31 209.30 17.15 174.35
2013-12-31 198.00 15.30 167.90
2013-09-30 187.65 13.70 160.40
2013-06-30 177.30 12.10 152.90
2013-03-31 176.75 14.00 152.25
2012-12-31 176.20 15.90 151.60

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

CKNH.F Health

 How is Clarkson'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 Clarkson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clarkson is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Clarkson's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Clarkson'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 38.2x 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 Clarkson Company Filings, last reported 4 months ago.

OTCPK:CKNH.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 433.70 6.10 148.00
2019-03-31 433.70 6.10 148.00
2018-12-31 434.60 0.00 166.20
2018-09-30 434.60 0.00 166.20
2018-06-30 428.10 0.00 100.60
2018-03-31 428.10 0.00 100.60
2017-12-31 423.40 0.00 167.50
2017-09-30 423.40 0.00 167.50
2017-06-30 408.40 0.00 122.80
2017-03-31 408.40 0.00 122.80
2016-12-31 406.70 23.60 183.80
2016-09-30 406.70 23.60 183.80
2016-06-30 367.80 23.30 112.00
2016-03-31 367.80 23.30 112.00
2015-12-31 340.90 46.10 174.10
2015-09-30 340.90 46.10 174.10
2015-06-30 347.40 53.10 136.20
2015-03-31 347.40 53.10 136.20
2014-12-31 167.30 0.00 178.20
2014-09-30 167.30 0.00 178.20
2014-06-30 139.40 0.00 100.30
2014-03-31 139.40 0.00 100.30
2013-12-31 137.70 0.00 122.10
2013-09-30 137.70 0.00 122.10
2013-06-30 133.90 0.00 94.30
2013-03-31 133.90 0.00 94.30
2012-12-31 126.00 0.00 114.60
  • Clarkson's level of debt (1.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Clarkson's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (944.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 230x coverage).
X
Financial health checks
We assess Clarkson'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. Clarkson has a total score of 5/6, 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.

CKNH.F Dividends

 What is Clarkson'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
2.73%
Current annual income from Clarkson dividends. Estimated to be 2.98% next year.
If you bought $2,000 of Clarkson shares you are expected to receive $55 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?
  • Clarkson's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Clarkson's dividend is below the markets top 25% of dividend payers in United States of America (3.65%).
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
OTCPK:CKNH.F 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 4 Analyst Estimates (S&P Global) See Below
United States of America Shipping Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1954 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

OTCPK:CKNH.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.86 4.00
2020-12-31 0.82 4.00
2019-12-31 0.78 4.00
2019-11-22
OTCPK:CKNH.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-03 0.750 3.004
2019-03-11 0.750 3.155
2018-04-05 0.730 2.928
2018-03-12 0.730 2.273
2017-04-05 0.650 2.284
2017-03-13 0.650 2.311
2016-03-31 0.620 2.868
2016-03-07 0.620 3.004
2015-04-02 0.600 2.626
2015-03-09 0.600 2.768
2014-04-07 0.560 2.537
2014-03-10 0.560 2.366
2013-03-08 0.510 2.714
2012-04-05 0.500 3.856
2012-03-08 0.500 3.825
2011-03-10 0.470 4.018
2011-03-09 0.470 4.348
2010-03-11 0.430 4.388
2009-12-31 0.430 5.405
2009-03-16 0.420 6.393

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Clarkson'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 Clarkson's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Clarkson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clarkson has a total score of 5/6, see the detailed checks below.


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

CKNH.F Management

 What is the CEO of Clarkson'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
Andi Case
COMPENSATION £2,758,000
AGE 52
TENURE AS CEO 11.4 years
CEO Bio

Mr. Andi Case has been the Chief Executive Officer at Clarkson plc since June 17, 2008. Mr. Case served as an Interim Chief Executive of Clarkson plc from May 7, 2008 to June 2008 and served as its Chief Operating Officer until May 2008 and Managing Director of Global Broking arm H Clarkson & Company Limited from 2006 to May 2008. He began his shipbroking career at CWKellock and later Eggar Forrester. Prior to joining Clarksons, Mr. Case was with Braemar Seascope for 17 years, latterly as head of Sale & Purchase and Newbuildings. He serves as Director of Clarkson plc.

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

Average tenure and age of the Clarkson management team in years:

6.6
Average Tenure
58
Average Age
  • The average tenure for the Clarkson management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andi Case

TITLE
CEO & Director
COMPENSATION
£3M
AGE
52
TENURE
11.4 yrs

Jeff Woyda

TITLE
CFO, COO & Executive Director
COMPENSATION
£959K
AGE
58

Kate Hoare

TITLE
Head of Public Relations

John Beckwith

TITLE
Head of Human Resources

Matt Russell

TITLE
Head of Specialised Products
TENURE
5.5 yrs

Richard Whittet

TITLE
Managing Director of Specialised Products

Janet Sykes

TITLE
Head of Media

Robert Stopford

TITLE
Consultant of Maritime Economics and President of Clarkson Research Services
COMPENSATION
£50K
AGE
71
TENURE
7.7 yrs

Mike Cahill

TITLE
Financial Controller

Rachel Spencer

TITLE
Company Secretary
TENURE
1.6 yrs
Board of Directors Tenure

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

4.8
Average Tenure
59
Average Age
  • The tenure for the Clarkson board of directors is about average.
Board of Directors

Bill Gennydd Thomas

TITLE
Non-Executive Chairman
AGE
59
TENURE
0.8 yrs

Andi Case

TITLE
CEO & Director
COMPENSATION
£3M
AGE
52
TENURE
11.4 yrs

Jeff Woyda

TITLE
CFO, COO & Executive Director
COMPENSATION
£959K
AGE
58
TENURE
13 yrs

Marie-Louise Clayton

TITLE
Independent Non-Executive Director
COMPENSATION
£76K
AGE
58
TENURE
2.8 yrs

Tim Miller

TITLE
Independent Non-Executive Director
COMPENSATION
£47K
AGE
62
TENURE
1.5 yrs

Peter Backhouse

TITLE
Senior Independent Director
COMPENSATION
£76K
AGE
68
TENURE
6 yrs

Birger Nergaard

TITLE
Independent Non-Executive Director
COMPENSATION
£57K
AGE
68
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • Clarkson individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
25. Sep 19 Sell Birger Nergaard Individual 24. Sep 19 24. Sep 19 -75,000 $28.99 $-2,174,526
15. Mar 19 Buy William Gennydd Thomas Individual 12. Mar 19 12. Mar 19 2,083 $31.20 $64,989
25. Mar 19 Buy Peter Backhouse Individual 22. Mar 19 22. Mar 19 1,000 $30.37 $30,369
15. Mar 19 Buy Peter Backhouse Individual 12. Mar 19 12. Mar 19 3,000 $31.34 $94,031
19. Feb 19 Buy James Hughes-Hallett Individual 03. Jan 19 03. Jan 19 663 $26.63 $17,657
X
Management checks
We assess Clarkson'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. Clarkson 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.

CKNH.F News

Simply Wall St News

CKNH.F Company Info

Description

Clarkson PLC provides integrated shipping services worldwide. It operates through four segments: Broking, Financial, Support, and Research. The Broking segment includes services provided to ship owners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as arranges principal-to-principal cash-settled contracts for differences based upon standardized freight contracts. This segment deals in containers, dry cargo, deep sea tankers, liquefied petroleum gas and ammonia, liquefied natural gas, offshore, petrochemical gases, renewables, shortsea, specialized products, sale and purchase, and PCTC markets; and towage, salvage, and transportation markets. The Financial segment offers investment banking services for maritime, oil services, and natural resources sectors; structured asset finance services and projects in the shipping, offshore, and real estate sectors; and freight derivative products. This segment also provides equity and fixed income sales and trading; equity and credit research; corporate access and corporate finance services, including advising clients on various equity and debt capital markets, and M&A transactions. The Support segment offers port and agency, freight forwarding, supplies, and tools for the marine and offshore industries. The Research segment provides shipping-related information and publications; and collects, validates, analyses, and manages data to inform various business decisions. This segment offers Web products, such as Shipping Intelligence Network and World Fleet Register to printed publications, including Shipping Intelligence Weekly and Offshore Intelligence Monthly; data and analysis services for IPO and bond issues; customer service contracts; and valuations to owners and the financial community. The company also provides property related services. Clarkson PLC was founded in 1852 and is headquartered in London, the United Kingdom.

Details
Name: Clarkson PLC
CKNH.F
Exchange: OTCPK
Founded: 1852
£1,072,270,407
30,207,612
Website: http://www.clarksons.com
Address: Clarkson PLC
Commodity Quay,
St. Katharine Docks,
London,
Greater London, E1W 1BF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CKN Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK CKNH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB 1DH Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE CKNl Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,605
Clarkson employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/22 00:00
End of day share price update: 2019/11/20 00:00
Last estimates confirmation: 2019/11/01
Last earnings filing: 2019/08/12
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.