LEO : LEO GLOBAL LOGISTICS PUBLIC COMPANY LIMITED
YE/2567 (Jan - Dec 2024)
Business Overview
Providing end-to-end global logistics services, and integrated logistics services
Financial Statement
2024 2023 2022 2021
Income Statement (MB)
Revenues 1,632.54 1,372.92 4,495.35 3,369.66
Expenses 1,548.59 1,261.42 4,109.79 3,148.81
Net Profit (Loss) 47.56 83.47 304.59 198.81
Balance Sheet (MB)
Assets 1,863.99 1,559.00 1,715.26 1,610.84
Liabilities 958.06 633.09 802.48 820.81
Shareholders' Equity 909.57 910.45 892.89 771.77
Cash Flow (MB)
Operating -41.95 -50.15 643.83 -301.94
Investing -198.50 61.11 -319.20 279.60
Financing 221.90 -296.52 -41.66 84.44
Financial Ratio
EPS (Baht) 0.15 0.27 0.95 0.62
GP Margin (%) 29.09 33.67 19.72 19.34
NP Margin (%) 1.94 5.56 6.81 5.93
D/E Ratio (x) 1.06 0.68 0.88 1.04
ROE (%) 5.23 9.26 36.59 28.68
ROA (%) 4.19 7.53 24.02 18.98
Business Plan
  • Generate continual sales growth using the Product Differentiation & Innovation Market Concentration and Service Excellence strategies.
  • Emphasize the building of good relations and maintain key customers.
  • Continually develop personnel know-how and skills as to be a solution provider for clients.
  • Expand the company network through continually finding domestic and foreign business partners.
  • Upgrade customer relationship and partner relationship management systems.
  • Operate with good corporate governance and social responsibility.
Sustainable Development Plan

In the process of drafting.

Business Highlight

The company’s core business is logistics services for international transportation both import and export by sea and air with partnership agents in over 190 countries. The company also provides other services in support of end-to-end logistics. 

Performance and Analysis
Business Performance Summary

In 2024, the company's total revenue of 1,632.5 MB, 19% increase from 2023. Gross profit for 2024 472.8 MB 3% growth from 2023. Despite challenges in the global economy and international trade in 2024, the company successfully expanded its customer base and increased its core business volume. Additionally, sea freight rates , this situation contributed to increased service revenue in Q3 2024. However, sea freight rates declined in Q4 2024, leading to a drop in revenue for the quarter. Nevertheless, the company managed to improve its gross profit margin from 24% in Q3 2024 to 30% in Q4 2024.

Key Milestones

The company jointly established Sinokor Merchant Marine (Thailand)a as the representative of Shipping liner in 2002. In 2009, established YJC Depot Services Com. Ltd. as a container depot operator. In 2014, established Aramex (Thailand) Com. Ltd. . for express international delivery service and established LEO Myanmar Logistics Com. Ltd. as an end-to-end logistics service provider in Myanmar. In 2017, the company initiated self-storage service. In 2021, the company jointly established Cardinal Maritime (Thailand) Com Ltd. provided multimodal transport services. In 2022, established Leo Sourcing & Supply Chain Company Limited as the buying and sourcing agent of export products to China. In 2023, established LaneXang Express Company Limited as rail transport provider to Laos and China. The company established Leo Global Logistics Pte. Ltd. in Singapore. The company jointly established Advantis Leo (Thailand) Com. Ltd. for warehouse management. In 2024, established Sritrang Leo Multimodal Logistics Co,. Ltd for railroad transportation in domestic . The company established Leo Global Mail Solutions Co.,Ltd. for cross-border transport and established Logicam Leo (Cambodia) Co., Ltd.. Ltd. to operate an end-to-end logistics service provider in Cambodia.

Risk Management Policy
  • Risks from Freight Charge Volatility 
  • Risks from Competition 
  • FX Risk
Recent Awards and Recognitions

In 2016, the company received the Excellent Logistics Management Award or ELMA in the 3rd Party Logistics Service Provider (3PL) category. In 2019, 1. The company received the Excellent Logistics Management Award or ELMA in the International Freight Forwarding category 2. The company received Prime Minister’s Export Award 2019 in Best Service Enterprise. 3. The company got a license as the Authorized Economic Operator (AEO). * The company is the singular winner of the ELMA and Prime Minister’s Export Award in its categories since a revamp of ELMA criteria in 2014. In 2022 1. The company received the Asia Responsible Enterprise Awards 2022 or AREA in Social Empowerment from Enterprise Asia. In 2023 1.The company received the Environmental, Social, and Governance Initiative Award and The Creative & Effective Marketing Award in the Self Storage Awards Asia 2023. 2.The company received Best CEO Award and Outstanding Company Performance Award in the Stock Exchange of Thailand (SET) Awards 2023.

Revenue Structure
Sea Freight 75% Air Freight 5% Integrated Logistics Services 18% Storage & Container Depot 2%
Stock Information
mai / SERVICE
Closing price LEO mai index 6.00 4.00 2.00 440.00 381.67 323.33 265.00 2-1-24 27-3-24 2-7-24 30-9-24 30-12-24
as of 30/12/24 LEO SERVICE mai
P/E (X) 15.35 82.27 41.84
P/BV (X) 1.09 1.84 1.55
Dividend yield (%) 5.16 2.77 2.47
30/12/24 28/12/23 30/12/22
Market Cap (MB) 992.00 1,516.80 3,872.00
Price (B/Share) 3.10 4.74 12.10
P/E (X) 15.35 24.26 10.20
P/BV (X) 1.09 1.69 4.12
CG Report:
Company Rating:
Major Shareholders
as of 12/03/2024
MR. KETTIVIT SITTISOONTORNWONG (11.63%)
MR. SOMSAK SRISUTATKOON (8.77%)
บริษัท ที เอส ซี โฮลดิ้ง จำกัด (6.77%)
คุณหญิง ปัทมา ลีสวัสดิ์ตระกูล (6.04%)
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (4.69%)
Others (62.10%)
Company Information and Contact
http://www.leogloballogistics.com
center@leogloballogistics.com
0-2079-9888
251-251/1 Soi Pakdee, Rama III Road, Bangkorleam, Bangkorleam Bangkok 10120
Other Trading Info. : https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=LEO
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Published on 04/03/2025