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1. Company Snapshot

1.a. Company Description

CLASQUIN SA operates as an international freight forwarding and overseas logistics company in France, the rest of Europe, the Asia-Pacific, the United States, North Africa, the Middle East, and sub-Saharan Africa.It operates through two segments, Air and Sea Freight Forwarding and Related Services, and IT Service Contractor segments.The company offers air freight solutions, including shipment management and emergency transport management, as well as manages the freighting of oversized packages; sea freight solutions, such as full container load shipping management, consolidated shipping management, and customized consolidated shipping management, as well as management of non-containerized loads and chartering ships; and rail and waterway solutions comprising road transport management, transport chartering for domestic and European shipments, shipment management, and rail transport management.


It also provides roll on-roll off, and combined solutions for Northwest Africa; custom solutions and regulatory compliance services; international logistics services, which include analysis and design of customized storage and distribution, warehousing, stock management, order preparation, and value added services; international supply chain consulting services; risk management solutions; and digital solutions.The company offers its services for general cargo, fashion and luxury, industrial, food and perishable, wine and spirits, cosmetics and perfumes, life sciences and healthcare, art shipping, fairs and events, temperature controlled logistics, hazardous and dangerous goods, and project logistics sectors.CLASQUIN SA was incorporated in 1959 and is headquartered in Lyon, France.

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1.b. Last Insights on ALCLA

Recent positive drivers behind Clasquin SA's performance include the acquisition of 42.06% of the company's share capital by SAS Shipping Agencies Services Sàrl at a price of EUR 142.03 per share, completed on October 9, 2024. This significant stake acquisition by a subsidiary of MSC Mediterranean Shipping Company SA may indicate a strategic partnership or potential future growth opportunities for Clasquin. Additionally, the company's Q3 2024 results, released on October 29, 2024, showed strong performance, although specific details are not provided in the available news snippets.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Press Release of November 5th, 2024 Relating to the Tender Offer for the Shares of CLASQUIN

Nov -05

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SAS Shipping Agencies Services Sàrl: Press Release of November 5 2024

Nov -05

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CLASQUIN: Q3 2024

Oct -29

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Discovering France's Undiscovered Gems in October 2024

Oct -28

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Press Release Relating to the Filing of the Draft Reply Document to the Tender Offer for the Shares of CLASQUIN

Oct -14

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Press Release Relating to the Filing of the Draft Tender Offer Document for the Shares of Clasquin

Oct -14

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Press Release of SAS Shipping Agencies Services Sàrl1

Oct -09

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Closing of the Acquisition of 42.06% of the Share Capital of CLASQUIN by SAS at a Price of EUR 142.03 per CLASQUIN Share

Oct -09

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.00%)

6. Segments

Freight Overseas

Expected Growth: 4%

Strong demand for international trade, particularly in the automotive and aerospace industries, drives growth in freight overseas from Clasquin SA. Increased e-commerce activity, strategic partnerships, and investments in digitalization and logistics infrastructure also contribute to the 4% growth rate.

Computer Services

Expected Growth: 6%

Clasquin SA's Computer Services segment growth of 6% is driven by increasing demand for digital transformation, cloud computing, and cybersecurity services. Additionally, the rise of e-commerce and remote work has boosted the need for IT infrastructure and support, contributing to the segment's growth.

Inter-segment Eliminations

Expected Growth: 3%

Clasquin SA's 3% inter-segment eliminations growth is driven by increased trade volumes, improved logistics efficiency, and strategic acquisitions. The company's diversified business model, strong supply chain management, and cost-saving initiatives also contribute to this growth. Additionally, the company's focus on digitalization and process automation enables better resource allocation and optimized operations, further supporting the growth.

7. Detailed Products

Air Freight

Clasquin SA provides air freight services, offering fast and reliable transportation of goods by air, with a global network of partners and a team of experts to handle complex logistics.

Ocean Freight

Clasquin SA offers ocean freight services, providing cost-effective and efficient transportation of goods by sea, with a range of container options and a team of experts to manage complex logistics.

Land Freight

Clasquin SA provides land freight services, offering door-to-door transportation of goods by road or rail, with a network of partners and a team of experts to handle complex logistics.

Customs Clearance

Clasquin SA offers customs clearance services, providing expertise in navigating complex customs regulations and procedures, ensuring compliance and minimizing delays.

Warehousing and Distribution

Clasquin SA provides warehousing and distribution services, offering secure and efficient storage and distribution of goods, with a team of experts to manage inventory and logistics.

Project Logistics

Clasquin SA offers project logistics services, providing specialized expertise in managing complex, large-scale projects, such as industrial plant construction or infrastructure development.

8. Clasquin SA's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Clasquin SA is moderate due to the presence of alternative logistics and transportation services.

Bargaining Power Of Customers

The bargaining power of customers is low for Clasquin SA, as the company has a diverse customer base and is not heavily dependent on a single customer.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for Clasquin SA, as the company relies on a network of suppliers for its logistics and transportation services.

Threat Of New Entrants

The threat of new entrants is high for Clasquin SA, as the logistics and transportation industry is relatively easy to enter and there are low barriers to entry.

Intensity Of Rivalry

The intensity of rivalry is high for Clasquin SA, as the logistics and transportation industry is highly competitive and there are many established players.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 28.42%
Debt Cost 9.54%
Equity Weight 71.58%
Equity Cost 9.54%
WACC 9.54%
Leverage 39.70%

11. Quality Control: Clasquin SA passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Logwin

A-Score: 7.0/10

Value: 8.1

Growth: 5.2

Quality: 6.1

Yield: 5.6

Momentum: 7.5

Volatility: 9.3

1-Year Total Return ->

Stock-Card
Hargreaves Services

A-Score: 6.1/10

Value: 7.4

Growth: 5.0

Quality: 5.6

Yield: 6.9

Momentum: 8.5

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Prosegur Cash

A-Score: 5.9/10

Value: 7.1

Growth: 4.1

Quality: 4.8

Yield: 4.4

Momentum: 8.0

Volatility: 7.0

1-Year Total Return ->

Stock-Card
Clasquin

A-Score: 5.8/10

Value: 5.1

Growth: 9.0

Quality: 6.1

Yield: 4.4

Momentum: 5.0

Volatility: 5.0

1-Year Total Return ->

Stock-Card
STEF

A-Score: 5.4/10

Value: 6.5

Growth: 5.8

Quality: 2.4

Yield: 6.9

Momentum: 3.0

Volatility: 8.0

1-Year Total Return ->

Stock-Card
bpost

A-Score: 3.7/10

Value: 9.8

Growth: 2.8

Quality: 1.1

Yield: 4.4

Momentum: 2.5

Volatility: 1.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

141.94$

Current Price

141.94$

Potential

-0.00%

Expected Cash-Flows