Top performing ASX logistics shares in FY21

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Top performing ASX logistics shares in FY21

 Top performing ASX logistics shares in FY21
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Highlights 

  • The Australian freight and logistic market is estimated to witness a CAGR of over 4.5% during FY21 to FY2026.
  • COVID-19 has put strain on Australia’s pre-existing delivery model leading to an exponential increase in parcel movements and e-commerce deliveries.
  • WWG delivered over 63% YTD returns, followed by KSC, AQZ and LAU at 15%, 11% and 10%.

The Australian freight and logistics market, valued at around US$75 billion in FY2020, is expected to witness a compound annual growth rate (CAGR) of over 4.5% between FY2021 and FY2026, experts suggest.

Representative Image Source: © Jirsak | Megapixl.com

Just like stress emancipating from the COVID-19 on the pre-existing delivery model, the logistics industry also has also faced headwinds during the pandemic. However, there are some logistics shares that have performed well in FY21. This article will walk you through top performing ASX shares in FY21.

Kalkine Research Source: ASX

Wiseway Group Limited (ASX:WWG)

Wiseway is one of the leading freight companies in Australia with a market worth of AU$51.19 million.

RELATED READ – Wiseway strategically acquires Singapore-based Air Freight firm

The company delivered a healthy performance for the year ended 30 June 2021. According to its latest FY21 report –

  • The Group’s revenue stood at AU$126 million, a jump of 23.5% from the prior year.
  • Wiseway’s earnings before, interest, taxes, depreciation, and amortisation (EBITDA) stood AU$8.1 million, 62% higher than the prior year.
  • The company witnessed strong operating cash flows for the last year, up 83% from previous corresponding year to AU$7 million.

On 10 September, Wiseway shares were trading 7.692% higher at AU$0.350 at 10:51 AM AEST.

RELATED READ - COVID-19 upturn stalls reopening of Australia’s travel bubble with New Zealand

K & S Corporation Limited (ASX:KSC)

A B2B operator, K & S provides transportation, warehousing, logistics and other related services to various companies across Australia.

Representative Image Source: © Jirsak | Megapixl.com

The warehouse provider saw 63.9% increase in its earnings per share (EPS). According to its latest financial report released in September –

  • The operating revenue declined by 12.9% from the prior corresponding period, to AU$688.5 million.
  • Statutory profit after tax saw a significant jump of 72.8%, to AU$27.5 million.
  • Company’s underlying profit after tax increased by 44.4% to AU$17.1 million.

On 10 September, KSC shares were trading 0.290% higher at AU$1.725 at 10:52 AM AEST.

Alliance Aviation Services Limited (ASX:AQZ)

Alliance Aviation provides fly-in, fly-out (FIFO) transportation to the energy and mining sector in Australia.

The ad hoc charter operator reported a record profit for the year ended on 30 June 2021. According to its latest FY21 results published in August-

  • The underlying profit before tax witnessed a healthy jump of 25% that stood at AU$51 million.
  • Alliance announced a record statutory full year profit before tax (PBT) of AU$48 million, an increase of 19% from FY2020.
  • The company also recorded a strong underlying operating cash flow of AU$75.9 million, up 73% from the prior year.

On 10 September, Alliance shares were trading 2.427% higher at AUA$4.220, at 11:02 AM AEST.

Lindsay Australia Limited (ASX:LAU)

With a market worth of AU$112.54 million, ASX-listed Lindsay Australia is an integrated logistics, transport, and logistics supply company.

Lindsay reported a record revenue of AU$435.3 million for the year ended on 30 June 2021. According to its latest financial report released in late August –

  • The company’s underlying EBITDA grew by 12.1% to AU$43.5 million after it moped up record revenue of AU$435.5 million.
  • Lindsay reported an operating cash of AU$51.7 million, reflecting a healthy jump of 35% on year-on-year basis.
  • The board also declared an unfranked final dividend of AU$0.5 cents per share that brought the total FY21 dividends to AU$1.7 cents per share.

On 10 September, Lindsay shares were trading 1.333% higher at AU$0.380 at 10:53 AM AEST.

Aurizon Holdings Limited (ASX:AZJ)

A AU$6.97 billion company, Aurizon Holdings, is an integrated heavy haul freight railway operator in Australia.

Aurizon marked a solid EBIT performance for the year ended on 30 June 2021. According to its latest FY21 results –

  • The earnings before interest and taxes (EBIT) stood at AU$903 million along with an EBITDA of AU$1.48 billion.
  • Free cash flow stood at AU$734 million, and the statutory net profit after tax was maintained at AU$607 million.
  • Aurizon also declared a final dividend of AU$14.4 cents per share, reflecting an increase of 5% from the prior year.

On 10 September, AUZ shares were trading 1.583% higher at AU$3.850, at 10:42 AM AEST.

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