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Last Updated on: 11 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Jet Freight Logistics Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 11, 2024, 12:05 am

Market Cap 73.3 Cr.
Current Price 15.8
High / Low24.9/9.38
Stock P/E18.8
Book Value 13.5
Dividend Yield0.00 %
ROCE4.56 %
ROE0.64 %
Face Value 5.00
PEG Ratio0.89

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Jet Freight Logistics Ltd

Competitors of Jet Freight Logistics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Flomic Global Logistics Ltd 126 Cr. 69.193.7/61.0187 23.90.00 %8.64 %5.18 % 10.0
DJ Mediaprint & Logistics Ltd 391 Cr. 120142/42.764.8 10.30.06 %19.0 %16.2 % 10.0
Delhivery Ltd 30,416 Cr. 411488/354 1240.00 %1.73 %2.94 % 1.00
Chartered Logistics Ltd 101 Cr. 10.212.6/4.6546.1 4.520.00 %4.43 %0.36 % 1.00
Cargotrans Maritime Ltd 30.6 Cr. 75.099.0/50.816.9 34.00.00 %18.7 %14.0 % 10.0
Industry Average5,861.10 Cr254.8599.6366.370.30%9.98%15.26%6.88

All Competitor Stocks of Jet Freight Logistics Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales87.98105.38113.44107.31129.66106.64133.44103.9486.9892.63113.5588.2490.52
Expenses86.57100.17110.06105.34127.27103.63130.16103.1487.4388.26114.7387.8487.49
Operating Profit1.415.213.381.972.393.013.280.80-0.454.37-1.180.403.03
OPM %1.60%4.94%2.98%1.84%1.84%2.82%2.46%0.77%-0.52%4.72%-1.04%0.45%3.35%
Other Income0.120.200.080.110.120.220.110.230.170.200.17-1.802.79
Interest0.960.930.871.061.111.001.211.221.251.371.381.311.37
Depreciation0.530.550.630.680.720.720.690.740.700.680.660.680.58
Profit before tax0.043.931.960.340.681.511.49-0.93-2.232.52-3.05-3.393.87
Tax %200.00%29.77%31.12%47.06%35.29%44.37%31.54%96.77%12.56%59.52%0.66%0.00%-10.34%
Net Profit-0.042.761.360.180.440.841.02-0.03-1.951.02-3.03-3.404.27
EPS in Rs-0.010.590.290.040.090.180.22-0.01-0.420.22-0.65-0.730.92

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales29123119143207194252338300347457417385
Expenses28121116142202185241327303337446409378
Operating Profit1231491110-491187
OPM %3%2%2%1%2%5%4%3%-1%3%2%2%2%
Other Income0003000011011
Interest0222233454455
Depreciation0001111112333
Profit before tax00112686-9441-0
Tax %27%66%41%33%38%36%32%29%1%35%37%92%
Net Profit00111454-9330-1
EPS in Rs0.010.010.020.020.030.891.200.93-1.850.540.610.01-0.24
Dividend Payout %0%0%0%0%0%0%0%3%0%0%4%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)0.00%0.00%300.00%25.00%-20.00%-325.00%133.33%0.00%-100.00%
Change in YoY Net Profit Growth (%)0.00%0.00%300.00%-275.00%-45.00%-305.00%458.33%-133.33%-100.00%

Jet Freight Logistics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:3%
3 Years:4%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:198%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:-13%
1 Year:68%
Return on Equity
10 Years:5%
5 Years:-2%
3 Years:2%
Last Year:-1%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital444456121212122323
Reserves112381614610133939
Borrowings111414151730433731496156
Other Liabilities101215232724243346363152
Total Liabilities253135455875948898110154171
Fixed Assets77661212151429313127
CWIP000000010000
Investments000000000000
Other Assets18242939466378726979123143
Total Assets253135455875948898110154171

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 21-032-13-11310-11-3917
Cash from Investing Activity -4-0-0-1-6-1-8-1-1-4-4-6
Cash from Financing Activity 1-1-1141210-11-101443-11
Net Cash Flow-20-130-111-1-0-00

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow1.00-9.00-11.00-13.00-11.00-8.00-19.00-33.00-41.00-22.00-38.00-53.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days395857516783706342333965
Inventory Days00000000
Days Payable
Cash Conversion Cycle395857516783706342333965
Working Capital Days1223161220504524-282027
ROCE %15%15%15%18%33%26%16%-7%14%14%6%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters69.66%69.91%70.15%70.15%51.18%51.18%51.18%51.18%51.18%51.18%50.92%50.92%
Public30.35%30.09%29.85%29.85%48.82%48.82%48.81%48.81%48.81%48.81%49.09%49.09%
No. of Shareholders2026802,4533,7646,68014,84317,29117,41817,34718,76020,72421,003

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.0010.0010.0010.00
Basic EPS (Rs.)0.04-0.092.563.85-8.87
Diluted EPS (Rs.)0.04-0.092.563.85-8.87
Cash EPS (Rs.)0.520.524.974.98-7.75
Book Value[Excl.RevalReserv]/Share (Rs.)13.0613.8122.8216.5616.93
Book Value[Incl.RevalReserv]/Share (Rs.)13.0613.8122.8216.5616.93
Revenue From Operations / Share (Rs.)86.4791.94397.82303.30261.62
PBDIT / Share (Rs.)1.701.8310.026.84-4.02
PBIT / Share (Rs.)1.211.227.615.71-5.14
PBT / Share (Rs.)0.030.084.012.27-8.98
Net Profit / Share (Rs.)0.03-0.082.563.85-8.87
NP After MI And SOA / Share (Rs.)0.03-0.082.563.85-8.87
PBDIT Margin (%)1.961.992.512.25-1.53
PBIT Margin (%)1.391.321.911.88-1.96
PBT Margin (%)0.030.081.000.74-3.43
Net Profit Margin (%)0.04-0.090.641.26-3.38
NP After MI And SOA Margin (%)0.04-0.090.641.26-3.38
Return on Networth / Equity (%)0.27-0.6411.2323.24-52.38
Return on Capital Employeed (%)7.267.0521.6720.68-19.60
Return On Assets (%)0.09-0.262.614.67-11.29
Long Term Debt / Equity (X)0.250.240.510.680.47
Total Debt / Equity (X)0.900.931.851.511.82
Asset Turnover Ratio (%)2.453.124.453.773.24
Current Ratio (X)1.460.870.721.011.00
Quick Ratio (X)1.460.870.721.011.00
Dividend Payout Ratio (NP) (%)0.000.003.900.000.00
Dividend Payout Ratio (CP) (%)0.000.002.010.000.00
Earning Retention Ratio (%)0.000.0096.100.000.00
Cash Earning Retention Ratio (%)0.000.0097.990.000.00
Interest Coverage Ratio (X)1.291.612.781.98-1.05
Interest Coverage Ratio (Post Tax) (X)0.910.921.712.12-1.31
Enterprise Value (Cr.)99.00103.45124.9645.0847.55
EV / Net Operating Revenue (X)0.240.240.270.120.15
EV / EBITDA (X)12.5512.1610.755.68-10.19
MarketCap / Net Operating Revenue (X)0.140.120.170.050.05
Retention Ratios (%)0.000.0096.090.000.00
Price / BV (X)0.940.852.961.010.77
Price / Net Operating Revenue (X)0.140.120.170.050.05
EarningsYield0.00-0.010.030.23-0.67

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Jet Freight Logistics Ltd as of October 11, 2024 is: ₹1.66

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 11, 2024, Jet Freight Logistics Ltd is Overvalued by 89.49% compared to the current share price ₹15.80

Intrinsic Value of Jet Freight Logistics Ltd as of October 11, 2024 is: ₹2.01

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 11, 2024, Jet Freight Logistics Ltd is Overvalued by 87.28% compared to the current share price ₹15.80

Last 5 Year EPS CAGR: 21.15%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 21.25, which is a positive sign.
  2. The company has shown consistent growth in sales (254.69 cr) and profit (1.85 cr) over the years.
  1. The stock has a low average ROCE of 14.17%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 55.58, which may not be favorable.
  3. The company has higher borrowings (31.50) compared to reserves (12.67), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Jet Freight Logistics Ltd:
    1. Net Profit Margin: 0.04%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 7.26% (Industry Average ROCE: 9.58%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0.27% (Industry Average ROE: 14.04%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.91
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.46
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 18.8 (Industry average Stock P/E: 75.72)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.9
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Jet Freight Logistics Ltd. is a Public Limited Listed company incorporated on 13/04/2006 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L63090MH2006PLC161114 and registration number is 161114. Currently Company is involved in the business activities of Freight air transport. Company’s Total Operating Revenue is Rs. 457.05 Cr. and Equity Capital is Rs. 11.60 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersC/706, Pramukh Plaza, Mumbai Maharashtra 400099ir@jfll.com
http://www.jfll.com
Management
NamePosition Held
Mr. Richard Francis TheknathChairman & Managing Director
Mr. Dax Francis TheknathExecutive Director
Mrs. Agnes Francis TheknathNon Executive Woman Director
Mr. Rushabh Prashant PatilIndependent Director
Ms. Jaya Ankur SinghaniaIndependent Director
Mr. Ajay Madhusudan GandejaIndependent Director

FAQ

What is the latest fair value of Jet Freight Logistics Ltd?

The latest fair value of Jet Freight Logistics Ltd is ₹1.66.

What is the Market Cap of Jet Freight Logistics Ltd?

The Market Cap of Jet Freight Logistics Ltd is 73.3 Cr..

What is the current Stock Price of Jet Freight Logistics Ltd as on 11 October 2024?

The current stock price of Jet Freight Logistics Ltd as on 11 October 2024 is ₹15.8.

What is the High / Low of Jet Freight Logistics Ltd stocks in FY 2024?

In FY 2024, the High / Low of Jet Freight Logistics Ltd stocks is 24.9/9.38.

What is the Stock P/E of Jet Freight Logistics Ltd?

The Stock P/E of Jet Freight Logistics Ltd is 18.8.

What is the Book Value of Jet Freight Logistics Ltd?

The Book Value of Jet Freight Logistics Ltd is 13.5.

What is the Dividend Yield of Jet Freight Logistics Ltd?

The Dividend Yield of Jet Freight Logistics Ltd is 0.00 %.

What is the ROCE of Jet Freight Logistics Ltd?

The ROCE of Jet Freight Logistics Ltd is 4.56 %.

What is the ROE of Jet Freight Logistics Ltd?

The ROE of Jet Freight Logistics Ltd is 0.64 %.

What is the Face Value of Jet Freight Logistics Ltd?

The Face Value of Jet Freight Logistics Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Jet Freight Logistics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE