CN Logistics International Holdings Limited (2130) AI Stock Analysis

• Market Cap: HK$991.61M
• Dividend Yield: 0.6%
• Average Volume (3M): 28.58K
• Price to Earnings (P/E): 33.9
• Beta (1Y): 0.29
• Revenue Growth: 29.11%
• EPS Growth: -49.03%
• Country: HK
• Employees: 861
• Sector: Industrials
• Sector Strength: 72
• Industry: Integrated Freight & Logistics
• EPS (TTM): 0.05
• Shares Outstanding: 300,489,000
• 10 Day Avg. Volume: 8,600
• 30 Day Avg. Volume: 28,580
• PEG Ratio: -1.01
• Price to Book (P/B): 1.98
• Price to Sales (P/S): 0.37
• P/FCF Ratio: 24.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: HK$3.50 ▲(5.42% Upside)

The overall stock score reflects financial performance challenges, particularly in cash flow and profitability, combined with bearish technical indicators. The valuation suggests potential overvaluation, with limited dividend yield. These factors collectively indicate caution for investors.

Positive Factors

Revenue Growth

The company exhibits strong revenue growth, indicating effective market penetration and demand for its logistics services, which is a positive indicator for long-term business expansion.

Stable Balance Sheet

A stable balance sheet with prudent leverage ensures financial stability and flexibility, allowing the company to invest in growth opportunities without excessive risk.

Market Position

Strategic partnerships with shipping lines and airlines strengthen CN Logistics' market position, enhancing its competitive edge and service capabilities in the logistics sector.

Negative Factors

Declining Net Income

The decline in net income suggests challenges in maintaining profitability, which could impact future earnings and shareholder returns if not addressed.

Cash Flow Issues

Zero free cash flow highlights liquidity concerns, potentially limiting the company's ability to fund operations and invest in growth without external financing.

Profitability Pressures

Pressure on net profit margins indicates challenges in cost management and pricing power, which could hinder long-term profitability if not improved.

CN Logistics International Holdings Limited Business Overview & Revenue Model

Company Description

CN Logistics International Holdings Limited provides logistics solutions Hong Kong, Mainland China, Taiwan, Italy, and internationally. It operates through three segments: Air Freight, Distribution and Logistics Services, and Ocean Freight. The Air Freight segment offers air freight forwarding services, which include arranging for consignment upon receipt of booking instructions from customers, cargo pick up, obtaining cargo space, preparation of freight documentation, arranging for customs clearance, and cargo handling at origin and destination, as well as other related logistics services comprising supporting transportation for freight forwarding purposes. The Distribution and Logistics Services segment provides a range of logistics services, such as managing vendor inventory, picking and packing finished goods, delivery, recycling, quality control and various ancillary value-added services, such as supply chain management and storage services; and distribution and logistics services for wine, as well as branded packaging, polymorph repacking, same day local door-to-door, and temperature-controlled delivery services. The Ocean Freight Forwarding Services segment offers ocean freight forwarding services primarily to its air freight forwarding services and other customers. It serves direct and freight forwarder customers, and high-end fashion retailers and brand owners, as well as wholesalers and retailers of wine. CN Logistics International Holdings Limited was founded in 1991 and is headquartered in Kwai Chung, Hong Kong. CN Logistics International Holdings Limited is a subsidiary of Cargo Services (Logistics) Limited.

How the Company Makes Money

CN Logistics generates revenue through several key streams within its logistics operations. The primary revenue source is freight forwarding services, where the company earns fees for managing the transportation of goods on behalf of clients, including air, sea, and land freight. Additionally, the company profits from warehousing services by charging clients for storage and inventory management solutions. Transportation services, such as last-mile delivery and distribution, also contribute significantly to revenue. Operational partnerships with shipping lines, airlines, and local transport providers enhance its service offerings and operational capabilities, further solidifying its market position and driving earnings growth.

CN Logistics International Holdings Limited Financial Statement Overview

Summary

CN Logistics International Holdings Limited shows moderate revenue growth but faces declining net income and profitability pressures. The balance sheet is stable with prudent leverage, but cash flow issues highlight liquidity risks.

Income Statement

The company has shown moderate revenue growth, with a significant increase from 2023 to 2024. However, there is a declining trend in net income over the years, impacting the net profit margin negatively. The EBIT and EBITDA margins are stable but relatively low, indicating room for improved operational efficiency.

Balance Sheet

The balance sheet is stable with a healthy debt-to-equity ratio indicating prudent financial leverage. The equity ratio is solid, reflecting a strong asset base funded by equity. However, the return on equity has been declining, suggesting reduced profitability from shareholder investments.

Cash Flow

The cash flow statement reveals challenges with free cash flow, which was zero in the latest year, indicating potential liquidity issues. Historical free cash flow shows fluctuations with no consistent growth trend. The lack of operating cash flow in 2024 further underscores these concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.98B	2.75B	2.10B	2.79B	2.67B	2.02B
Gross Profit	525.32M	511.72M	417.42M	516.85M	502.73M	392.31M
EBITDA	133.37M	137.75M	190.89M	257.17M	261.91M	219.24M
Net Income	28.83M	32.01M	48.28M	86.63M	83.41M	55.52M
Balance Sheet
Total Assets	1.75B	1.60B	1.41B	1.46B	1.27B	1.04B
Cash, Cash Equivalents and Short-Term Investments	266.28M	257.56M	282.48M	306.09M	295.14M	255.32M
Total Debt	456.45M	463.33M	422.68M	384.56M	274.12M	236.59M
Total Liabilities	1.17B	1.05B	1.00B	1.05B	806.36M	595.40M
Stockholders Equity	553.97M	512.77M	363.05M	352.27M	403.11M	352.66M
Cash Flow
Free Cash Flow	59.54M	41.98M	75.75M	91.12M	148.97M	181.14M
Operating Cash Flow	73.78M	58.76M	99.99M	162.92M	190.79M	221.12M
Investing Cash Flow	7.36M	-296.00K	-36.13M	-69.74M	-58.71M	-36.77M
Financing Cash Flow	-18.12M	-55.70M	-101.75M	-79.12M	-92.93M	-36.69M

CN Logistics International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2130, the sentiment is Negative. The current price of 3.32 is above the 20-day moving average (MA) of 3.32, below the 50-day MA of 3.35, and below the 200-day MA of 3.38, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.58 is Neutral, neither overbought nor oversold. The STOCH value of 82.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2130.

CN Logistics International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2490	66 Neutral	HK$3.07B	5.70	37.50%	8.25%	56.58%	1963.38%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1442	60 Neutral	HK$660.48M	13.97	7.59%	―	13.85%	37.13%
2130	52 Neutral	HK$991.61M	33.92	5.39%	0.60%	29.11%	-49.03%
6123	45 Neutral	HK$455.61M	-7.71	-4.97%	2.25%	-35.13%	-11.52%
8489	45 Neutral	HK$105.00M	-3.76	-25.91%	―	3.45%	-339.07%
8292	39 Underperform	HK$382.80M	-61.02	-7.88%	―	9.79%	89.05%

CN Logistics International Holdings Limited Corporate Events

CN Logistics Renews Connected Master Agency Deal with CN France for 2026

CN Logistics International Holdings has renewed its master agency arrangement with CN France HK by signing the 2026 CN France Master Agency Agreement, effective from 1 January to 31 December 2026. Under this agreement, the company and CN France HK will continue to appoint each other as agents for air and ocean freight forwarding services in France and other markets where they operate. As CN France HK is 70% owned by the group and 30% by an executive director, the arrangement constitutes a continuing connected transaction under Hong Kong’s listing rules, triggering reporting, annual review and announcement requirements, but remaining exempt from circular and independent shareholders’ approval due to the size of the transaction. The renewal ensures continuity of intra-group logistics collaboration while maintaining regulatory compliance for related-party dealings.

The most recent analyst rating on (HK:2130) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on CN Logistics International Holdings Limited stock, see the HK:2130 Stock Forecast page.

CN Logistics Formalises Nomination Committee Terms to Bolster Governance

CN Logistics International Holdings Limited has formalised the terms of reference for its Board Nomination Committee, originally established by board resolution on 17 September 2020, to strengthen its corporate governance framework. The document sets out that the committee must comprise at least three directors with a majority being independent non-executive directors, include at least one member of a different gender, be chaired by either the board chairman or an independent non-executive director, and be supported by the company secretary as its secretary, clarifying responsibilities and structure for board member selection and nomination processes.

The most recent analyst rating on (HK:2130) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on CN Logistics International Holdings Limited stock, see the HK:2130 Stock Forecast page.