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Last Updated on: 06 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Snowman Logistics Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 5, 2024, 12:05 am

Market Cap 1,314 Cr.
Current Price 78.6
High / Low91.6/46.1
Stock P/E118
Book Value 25.0
Dividend Yield1.27 %
ROCE6.72 %
ROE2.69 %
Face Value 10.0
PEG Ratio5.46

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

View Share Price Target for Snowman Logistics Ltd

Competitors of Snowman Logistics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Flomic Global Logistics Ltd 127 Cr. 70.095.0/61.0190 23.90.00 %8.64 %5.18 % 10.0
DJ Mediaprint & Logistics Ltd 400 Cr. 123142/42.766.3 10.30.05 %19.0 %16.2 % 10.0
Delhivery Ltd 30,172 Cr. 408488/354 1240.00 %1.73 %2.94 % 1.00
Chartered Logistics Ltd 102 Cr. 10.312.6/4.6546.7 4.520.00 %4.43 %0.36 % 1.00
Cargotrans Maritime Ltd 29.9 Cr. 73.499.0/50.816.5 34.00.00 %18.7 %14.0 % 10.0
Industry Average5,837.86 Cr251.58100.0866.410.30%9.98%15.26%6.88

All Competitor Stocks of Snowman Logistics Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales64.1166.0670.0773.4076.6387.29108.62109.39112.35128.77124.02124.05126.54
Expenses47.3149.2252.0955.1559.9967.2185.5485.6790.67104.55100.0197.7299.54
Operating Profit16.8016.8417.9818.2516.6420.0823.0823.7221.6824.2224.0126.3327.00
OPM %26.20%25.49%25.66%24.86%21.71%23.00%21.25%21.68%19.30%18.81%19.36%21.23%21.34%
Other Income1.000.521.051.151.361.181.031.423.881.201.531.172.86
Interest4.384.014.214.835.405.415.695.635.495.606.055.866.29
Depreciation11.9212.1512.8113.5212.8612.7913.2613.2113.1013.6114.8315.1015.73
Profit before tax1.501.202.011.05-0.263.065.166.306.976.214.666.547.84
Tax %128.00%50.00%76.62%21.90%19.23%38.56%48.26%40.79%26.83%45.57%37.12%35.02%72.58%
Net Profit-0.420.600.470.83-0.221.892.673.745.103.382.934.252.15
EPS in Rs-0.030.040.030.05-0.010.110.160.220.310.200.180.250.13

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales114153203225189194233240237286418503
Expenses87115156176153150174179172216329402
Operating Profit2638474936445961657089102
OPM %23%25%23%22%19%23%25%26%27%25%21%20%
Other Income1253-24333487
Interest2111291112102017182224
Depreciation91525303940415149515259
Profit before tax15141512-15-411-6242225
Tax %-30%-64%-68%-75%-68%0%10%138%98%58%38%50%
Net Profit20222521-5-410-15021313
EPS in Rs1.931.811.481.23-0.30-0.210.58-0.900.000.100.800.76
Dividend Payout %0%0%34%0%0%0%0%0%0%0%94%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212022-20232023-2024
YoY Net Profit Growth (%)10.00%13.64%-16.00%-123.81%20.00%350.00%-250.00%100.00%550.00%0.00%
Change in YoY Net Profit Growth (%)0.00%3.64%-29.64%-107.81%143.81%330.00%-600.00%350.00%450.00%-550.00%

Snowman Logistics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:13%
5 Years:17%
3 Years:29%
TTM:12%
Compounded Profit Growth
10 Years:-7%
5 Years:5%
3 Years:509%
TTM:-25%
Stock Price CAGR
10 Years:-1%
5 Years:18%
3 Years:22%
1 Year:56%
Return on Equity
10 Years:1%
5 Years:0%
3 Years:2%
Last Year:3%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital103124167167167167167167167167167167
Reserves2697251266262258268253253255255251
Borrowings951469014613813193201220265258278
Other Liabilities202140433133342127404551
Total Liabilities243388548622598590562642667728725746
Fixed Assets157250337441448444413507461543517525
CWIP324223275100202814
Investments00000000014335
Other Assets5496189154146145148135185182155173
Total Assets243388548622598590562642667728725746

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 141552394937535671698688
Cash from Investing Activity -113-116-90-138-28-27-11-4-41-99-42-24
Cash from Financing Activity 9311110637-23-20-52-51017-58-59
Net Cash Flow-7968-63-2-10-10130-14-135

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-69.00-108.00-43.00-97.00-102.00-87.00-34.00-140.00-155.00-195.00-169.00-176.00

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 Days829487916883818481866360
Inventory Days3534
Days Payable153104
Cash Conversion Cycle82948791688381848186-55-10
Working Capital Days3430-017-14-31-53056514266
ROCE %11%8%6%4%-0%1%4%2%3%3%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters40.25%40.25%40.25%40.25%40.25%40.25%40.25%41.75%43.00%44.27%45.24%46.43%
FIIs1.76%1.68%1.74%1.85%1.93%2.16%1.93%1.96%2.32%3.30%2.24%2.67%
DIIs0.00%0.00%0.39%0.55%0.55%0.55%0.55%0.78%1.01%1.04%1.04%1.16%
Public57.99%58.07%57.62%57.35%57.28%57.04%57.27%55.52%53.67%51.39%51.48%49.73%
No. of Shareholders1,40,6761,35,8271,31,9541,28,1951,25,2511,20,7021,17,1711,13,2651,06,3211,00,4841,13,8411,06,182

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
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)0.760.800.100.00-0.90
Diluted EPS (Rs.)0.760.800.100.00-0.90
Cash EPS (Rs.)4.313.933.172.942.10
Book Value[Excl.RevalReserv]/Share (Rs.)25.0225.2325.2425.1325.12
Book Value[Incl.RevalReserv]/Share (Rs.)25.0225.2325.2425.1325.12
Dividend / Share (Rs.)1.000.750.000.000.00
Revenue From Operations / Share (Rs.)30.1325.0017.1314.1914.38
PBDIT / Share (Rs.)6.485.754.424.103.79
PBIT / Share (Rs.)2.942.621.341.170.79
PBT / Share (Rs.)1.511.290.230.14-0.37
Net Profit / Share (Rs.)0.760.800.100.00-0.89
PBDIT Margin (%)21.5123.0025.7828.8726.38
PBIT Margin (%)9.7410.467.848.225.50
PBT Margin (%)5.015.141.391.02-2.62
Net Profit Margin (%)2.523.200.580.02-6.24
Return on Networth / Equity (%)3.033.170.390.01-3.57
Return on Capital Employeed (%)7.516.763.363.122.22
Return On Assets (%)1.701.840.230.00-2.33
Long Term Debt / Equity (X)0.140.180.250.160.08
Total Debt / Equity (X)0.220.240.280.170.10
Asset Turnover Ratio (%)0.680.570.410.360.39
Current Ratio (X)3.271.761.872.531.30
Quick Ratio (X)3.141.661.872.531.30
Dividend Payout Ratio (NP) (%)0.0093.550.000.000.00
Dividend Payout Ratio (CP) (%)0.0019.060.000.000.00
Earning Retention Ratio (%)0.006.450.000.000.00
Cash Earning Retention Ratio (%)0.0080.940.000.000.00
Interest Coverage Ratio (X)4.554.324.004.013.24
Interest Coverage Ratio (Post Tax) (X)1.531.601.091.000.23
Enterprise Value (Cr.)1309.91635.14600.15762.32569.62
EV / Net Operating Revenue (X)2.601.522.103.222.37
EV / EBITDA (X)12.096.618.1311.138.99
MarketCap / Net Operating Revenue (X)2.431.281.783.102.20
Retention Ratios (%)0.006.440.000.000.00
Price / BV (X)2.931.271.211.751.26
Price / Net Operating Revenue (X)2.431.281.783.102.20
EarningsYield0.010.020.000.00-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Snowman Logistics Ltd as of October 6, 2024 is: ₹80.36

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 6, 2024, Snowman Logistics Ltd is Undervalued by 2.24% compared to the current share price ₹78.60

Intrinsic Value of Snowman Logistics Ltd as of October 6, 2024 is: ₹97.73

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 6, 2024, Snowman Logistics Ltd is Undervalued by 24.34% compared to the current share price ₹78.60

Last 5 Year EPS CAGR: 21.61%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 23.00, which is a positive sign.
  2. The company has higher reserves (224.58 cr) compared to borrowings (171.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (249.58 cr) and profit (7.92 cr) over the years.
  1. The stock has a low average ROCE of 4.00%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 64.33, which may not be favorable.

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 Snowman Logistics Ltd:
    1. Net Profit Margin: 2.52%
      • 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: 7.51% (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%: 3.03% (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): 1.53
      • 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: 3.14
      • 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: 118 (Industry average Stock P/E: 76.06)
      • 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: 0.22
      • 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

Snowman Logistics Ltd. is a Public Limited Listed company incorporated on 17/03/1993 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L15122MH1993PLC285633 and registration number is 285633. Currently Company is involved in the business activities of Warehousing of refrigerated (cold storage). Company’s Total Operating Revenue is Rs. 286.17 Cr. and Equity Capital is Rs. 167.09 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Logistics - Warehousing/Supply Chain/OthersPlot No.M-8, New Mumbai Maharashtra 410206investorrelations@snowman.in
http://www.snowman.in
Management
NamePosition Held
Mr. Prem Kishan Dass GuptaChairman
Mr. Sunil Prabhakaran NairWholeTime Director & CEO
Mr. Samvid GuptaDirector
Mr. Ishaan GuptaDirector
Mr. Anil AggarwalIndependent Director
Mr. Arun Kumar GuptaIndependent Director
Mr. Bhaskar Avula ReddyIndependent Director
Mrs. Vanita YadavIndependent Director

FAQ

What is the latest fair value of Snowman Logistics Ltd?

The latest fair value of Snowman Logistics Ltd is ₹80.36.

What is the Market Cap of Snowman Logistics Ltd?

The Market Cap of Snowman Logistics Ltd is 1,314 Cr..

What is the current Stock Price of Snowman Logistics Ltd as on 06 October 2024?

The current stock price of Snowman Logistics Ltd as on 06 October 2024 is ₹78.6.

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

In FY 2024, the High / Low of Snowman Logistics Ltd stocks is 91.6/46.1.

What is the Stock P/E of Snowman Logistics Ltd?

The Stock P/E of Snowman Logistics Ltd is 118.

What is the Book Value of Snowman Logistics Ltd?

The Book Value of Snowman Logistics Ltd is 25.0.

What is the Dividend Yield of Snowman Logistics Ltd?

The Dividend Yield of Snowman Logistics Ltd is 1.27 %.

What is the ROCE of Snowman Logistics Ltd?

The ROCE of Snowman Logistics Ltd is 6.72 %.

What is the ROE of Snowman Logistics Ltd?

The ROE of Snowman Logistics Ltd is 2.69 %.

What is the Face Value of Snowman Logistics Ltd?

The Face Value of Snowman Logistics Ltd is 10.0.

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 Snowman 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