Clarkson PLC

Clarkson PLC maintains a conservative capital structure with a debt-to-equity ratio of 0.11 and a current ratio of 1.78, indicating adequate short-term liquidity coverage. The balance sheet shows total assets of £978.5 million against total liabilities of £453.4 million, resulting in total equity of £525.1 million. Long-term debt stands at £56.0 million. Despite the low leverage, the risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, suggesting reliance on operating cash flows for liquidity management.

Profitability metrics show a return on equity (ROE) of 12.51% and a return on assets (ROA) of 6.71%. The company generated £631.4 million in revenue with a gross profit of £592.3 million, indicating a high gross margin structure typical of asset-light or service-heavy marine transport models. Operating income was £74.1 million, leading to a net income of £65.7 million. The valuation multiples appear elevated, with a P/E ratio of 2,250.2 and an EV/EBITDA of 1,995.87, which may reflect specific market conditions or accounting treatments rather than fundamental growth expectations.

Revenue concentration and geographic exposure details are not provided in the available data. The company operates within the Marine Transportation industry, competing with entities such as Frontline, Okeanis Eco Tankers, and Stolt-Nielsen. Without segment or geographic breakdowns, the specific drivers of revenue concentration cannot be quantified, though the industry context suggests exposure to global trade routes and commodity shipping cycles.

Growth trajectory analysis is limited by the absence of historical period data. The current financial snapshot shows a revenue base of £631.4 million and net income of £65.7 million. Without multi-year trend data, it is not possible to assess the year-over-year growth rate or the consistency of earnings performance. The current operating cash flow of £64.4 million and free cash flow of £48.1 million suggest the company is generating positive cash from operations, with capital expenditures of £7.4 million.

Risk factors include medium liquidity risk and low dilution risk. The key flag indicates that net cash is negative after subtracting total debt, which requires monitoring of cash flow generation to ensure debt serviceability. The dilution risk is assessed as low, with basic and diluted shares outstanding both at 30,954,406, indicating no significant options or convertible securities impacting the share count currently.

Recent events and analyst sentiment show a mean price target of £5,101.67 and a median target of £5,090.00, with a high of £5,580.00 and a low of £4,650.00. The mean recommendation is 1.67, driven by two strong-buy and four buy ratings, with no hold ratings. This suggests positive analyst sentiment despite the elevated valuation multiples. No specific filing, news, or transcript observations were provided in the input data.

Revenue £631.4M, −4,5% YoY; Operating income −24,8% YoY.

• ▍Revenue £631.4M, −4,5% YoY
• ▍Operating income −24,8% YoY
• ▍Net income −22,6% YoY
• ▍Free cash flow −29,1% YoY
• ▍Net margin 10.4%

Revenue £661.4M, +3,4% YoY; Operating income −1,3% YoY.

• ▍Revenue £661.4M, +3,4% YoY
• ▍Operating income −1,3% YoY
• ▍Net income +1,3% YoY
• ▍Free cash flow +2,4% YoY
• ▍Net margin 12.8%

Revenue £639.4M, +5,9% YoY; Operating income −0,2% YoY.

• ▍Revenue £639.4M, +5,9% YoY
• ▍Operating income −0,2% YoY
• ▍Net income +10,8% YoY
• ▍Free cash flow +7,0% YoY
• ▍Net margin 13.1%

Revenue £603.8M, +36,2% YoY; Operating income +41,2% YoY.

• ▍Revenue £603.8M, +36,2% YoY
• ▍Operating income +41,2% YoY
• ▍Net income +50,9% YoY
• ▍Free cash flow +61,6% YoY
• ▍Net margin 12.5%

Revenue £443.3M; Operating income £70.8M.

• ▍Revenue £443.3M
• ▍Operating income £70.8M
• ▍Net margin 11.3%