| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 310.05 | 9 |
| Intrinsic value (DCF) | 162.01 | -43 |
| Graham-Dodd Method | 13.23 | -95 |
| Graham Formula | 499.45 | 76 |
Logwin AG (TGHN.DE) is a Luxembourg-based global logistics and transport solutions provider with a rich history dating back to 1877. Operating under two key segments—Air + Ocean and Solutions—the company offers intercontinental freight services, supply chain management, warehousing, and value-added logistics solutions. Logwin serves diverse industries, including automotive, electronics, retail, and chemicals, leveraging its expertise in sea and air freight, e-fulfillment, and transport management. As a subsidiary of DELTON Logistics S.à r.l., Logwin maintains a strong presence in the integrated freight and logistics sector, capitalizing on its extensive network and industry-specific solutions. With a market cap of approximately €708 million, Logwin is positioned as a mid-sized player in the competitive logistics industry, emphasizing efficiency and customer-centric services.
Logwin AG presents a stable investment opportunity within the logistics sector, supported by its diversified service offerings and solid financials. The company reported €1.44 billion in revenue and €64.5 million in net income for the latest fiscal period, with a diluted EPS of €22.41. Its strong cash position (€372.6 million) and manageable debt (€59.7 million) underscore financial stability. However, the logistics industry is highly competitive, with thin margins and sensitivity to global trade fluctuations. Logwin’s low beta (0.086) suggests lower volatility compared to the broader market, appealing to risk-averse investors. The dividend yield, supported by a €12.8 per share payout, adds income appeal. Key risks include exposure to economic cycles and rising fuel costs.
Logwin AG competes in the global logistics market by differentiating through its dual-segment approach—Air + Ocean and Solutions—which allows it to cater to both intercontinental freight and specialized supply chain needs. Its competitive advantage lies in its industry-tailored solutions, particularly in automotive and high-tech logistics, where precision and reliability are critical. The company’s asset-light model enhances flexibility, reducing capital expenditures (€-4.4 million in the latest period) and improving cash flow (€109 million operating cash flow). However, Logwin faces intense competition from larger players like Kuehne + Nagel and DSV, which benefit from greater scale and global reach. Logwin’s mid-market positioning requires it to focus on niche markets and customer-specific services to maintain margins. Its subsidiary status under DELTON Logistics provides stability but may limit aggressive expansion compared to independent peers. The company’s ability to integrate technology (e.g., e-fulfillment) will be crucial in competing against digitally advanced rivals.