Transport & Logistics: Q3 2024

Tenet is pleased to present this overview of global players in the Transport and logistics sector. The review contains information about companies’ financial results and market value assessments for Q3 2024.

We trust that the information contained in the review will be beneficial for both market participants and analysts and help them perform comparative analyses of companies in the Transport and logistics sector.

Review

This review provides the key financial indicators, the market business value, and the Enterprise Value EV) / EBITDA multiples of public companies, and leaders in the Transport and logistics sector. Companies were selected based on two criteria:

• Business size we have selected public companies with the largest capitalization as an indicator reflecting the size of the market share.
• Geographical presence we have selected companies from economies with differing growth prospects; legal, regulatory, and tax regimes; capital markets; and other factors that can impact business value.

Sources of information

The review has been prepared based on information received from international analytical agencies. We have not carried out a verification procedure to confirm the accuracy and completeness of the data contained in these information sources. We believe that the information provided in these materials is reliable and applicable. However, it is possible that additional information could impact the results presented herein.

Comparative analysis

The EV/EBITDA multiple is generally accepted in valuation practice and is applied in this review to compare different companies. We do not guarantee that the multiples presented in this review will apply to your circumstances. Multiples for peer companies may not be applicable, due to differences in:

1. the current development stage of various companies
2. the current situation and market development outlook in individual countries
3. the respective tax burden
4. the cost of labour, energy, and capital
5. how the industry and economy are regulated, including from a capital market perspective

Multiples are determined based on the share quotes of respective companies on stock exchanges; hence they are determined at the minority level. Appraising significant equity stakes and the need to apply a control premium should be taken into account. Nevertheless, the results presented hereto can serve as a guide when appraising the value of a business. This review has been prepared for informational purposes. The information it contains does not constitute an investment recommendation or a conclusion about the market value of assets or an opinion on the reliability of the financial results.