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Highlights
- FTSE 250 index listed Clarkson PLC (LSE:CKN) is one of the global market leaders in shipping services.
- During FY22, CKN posted revenue growth of about 2% (YoY) with ~50.6% YoY increase in reported basic earnings per share.
- For the 20thconsecutive year, Clarkson has marked growth in dividend, returning 10.7% increase in FY22.
FTSE 250 index listed Clarkson PLC (LSE:CKN) is a provider of integrated services for smarter and cleaner global trade using its market-leading technology and intelligence and thus, catering to the demands of the maritime, offshore, trade and energy markets. Over the years, the company has grown to be one of the global market leaders in shipping services.
InFY22, the company registered a revenue growth of 36.2% year-on-year (YoY) to £603.8 million, while reported basic earnings per share grew by approximately 50.6% (YoY). The company has considered its broking division to be the main driver of growth in revenue and profit during the year.
For the 20th consecutive year, Clarkson has marked growth in dividend distribution; its FY22 dividend was 10.7% higher than FY21 dividend. Also, there has been an increase of about 30.9% YoY to US$216 million in the order book at the end of FY22.
The company has ended the year FY22 with a stronger balance sheet registering free cash resources of £130.9 million available for future investment.
With a record level of order book, the company was able to maintain a balance between demand and supply. Going forth, Clarkson will continue to make investments in technology, the people, as well as businesses across all segments. According to the company, the medium-term outlook for shipping industry is expected to stay positive and its business prospect seems bright driven by the structural supply shortage in the global shipping fleet.
Top 10 Shareholders
The top 10 shareholders collectively form ~31.87% of the total shareholdings. Fidelity Management & Research Company LLC holds the maximum number of shares with ~5.79% shareholding, followed by RS Platou ASA with ~4.85% shareholding, as depicted in the chart below.
Stock Price Performance
The stock has witnessed a growth of ~2.15% in the last one month and over the last 6 months, it has increased by ~7.67%. The stock has a 52-week low and 52-week high of GBX 2440.00 & GBX 3735.00, respectively and is currently trading below the average of 52-week high-low.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 15 June 2023. The reference data in this report has been partly sourced from EODHD/Others.
