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General information

Sector: Industrials

The company is not available at Interactive Brokers

OneLogix Group Limited (JSE:OLG) is a niche logistics provider with experience gained over 27 years of operation. The recognized leader in its respective markets, the group offers a range of specialized logistic services to markets in South, Southern and East Africa.

Strategic positioning in high-growth niche markets has secured dominance for the group’s operations. Each has been entrenched as a sought-after brand in its market and is strongly cash-generative. The group's operations are categorized in the following three segments:


Abnormal logistics


Which includes leading brands such as OneLogix Vehicle Delivery Services (VDS), OneLogix Trucklogix, and Onelogix Projex.


Primary product logistics


Well established brands such as OneLogix United Bulk, OneLogix Linehaul, Jackson and Buffelshoek.


Logistics services


Atlas 360, OneLogix Cargo Solutions, OneLogix Warehousing, and QSA.

The group employs approximately 2 200 people and has an extensive footprint throughout South Africa and neighbouring countries, with logistics capability extending to Namibia, Botswana, Democratic Republic of Congo (DRC), Malawi, Mozambique, Zambia, Zimbabwe and Tanzania.

A decentralised management structure means each company is run by entrepreneurial management with a wealth of experience and comprehensive industry knowledge. This is supported by a small, but strong and efficient central corporate head office team.



  • Good financial results growth rate 12.7% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 37.8% (LTM)
  • Share price is 9.3% higher than minimum and 35.8% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.2x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)2.12
Share price, USD: 0.1137
Common stocks: 263 202 830

Dividend Yield:  0.0%
FCF Yield LTM: 37.8%
EV / LTM EBITDA: 2.2x
Last revenue growth (y/y):  +20.4%
Last growth of EBITDA (y/y):  +4.9%
Historical revenue growth:  +12.5%
Historical growth of EBITDA:  +12.4%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 30
Net Debt ($m): 28
EV (Enterprise Value): 58
EBITDA LTM ($m): 27
EV / LTM EBITDA: 2.2x
Price to Book: 0.50x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

Vital links taken out of the supply chain by unrest and looting

The protests, unrest and massive looting in KwaZulu-Natal has destroyed and disrupted vital transport, logistics, warehouse and distribution facilities in the province.

2021-07-16 06:52 +02:00
by Roy Cokayne

JSE:AVI JSE:MPT JSE:MST JSE:OLG JSE:HUG JSE:ISA

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-08
Trading statement
2022-07-27
Renewal of Cautionary Announcement
2022-06-14
Renewal of Cautionary Announcement
2022-05-03
Renewal of Cautionary Announcement
2022-03-15
Renewal of Cautionary Announcement
2022-02-03
Condensed unaudited consolidated interim results for the six months ended 30 November 2021
2022-02-01
Renewal of Cautionary Announcement
2021-12-20
Cautionary Announcement
2021-12-06
Trading statement
2021-12-01
Results of annual general meeting
2021-10-08
Notification in terms of section 45(5) of the Companies Act 71 of 2008
2021-09-30
No change statement, availability of integrated annual report, notice of AGM and B-BBEE annual compliance report
2021-08-26
Summary of the audited consolidated results for the year ended 31 May 2021
2021-07-26
Trading statement
2021-02-18
Unaudited condensed consolidated interim results for the six months ended 30 November 2020
2021-01-25
Trading Statement

SENS Announcements

2023-02-13
Change in the nature of director’s holding of the company’s securities
2023-02-03
Scheme Finalisation Date Announcement
2022-12-15
Results of General Meeting and Amended Transaction Timetable
2022-12-01
Results of annual general meeting
2022-11-16
Distribution of Scheme Circular and Notice convening a General Meeting of Onelogix Shareholders
2022-10-20
Joint Firm Intention Announcement: Scheme of Arrangement and Withdrawal of Cautionary
2022-09-30
No change statement, availability of integrated report, notice of AGM and B-BBEE annual compliance report
2022-09-08
Renewal of Cautionary Announcement
2022-08-25
TRP121: Notification of changes of beneficial interest in securities
2022-08-25
Audited consolidated annual results for the year ended 31 May 2022
2022-08-24
TRP121: Notification of changes of beneficial interest in securities
2022-08-08
Trading statement
2022-07-27
Renewal of Cautionary Announcement
2022-06-14
Renewal of Cautionary Announcement