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CWT Limited Financial Statement Analysis

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CWT Limited Financial Statement Analysis
1. Executive Summary
The financial performance of CWT Limited for the last five years, from year 2010 till
2014, will be critically analysed in this report. CWT Limited is a leading provider of integrated logistics and supply chain solutions. Its key competitor is Neptune Orient
Lines Limited (Hoover’s, 2015) which has a long-standing influence in Asia since 1968.
A competitor analysis will be done for both companies based on the data from their published financial statements. CWT Limited has experienced significant growth in both their financial prowess and infrastructure continuously for the past 5 years, benefitting from sound diversified business portfolio and strategic accelerated investment in warehousing infrastructure, services and market coverage.

2. Introduction
CWT Limited is founded in 1970 and listed in the Singapore Exchange since 1993.
They operate in around 90 countries through their regional offices and network of service partners. They have a global network connectivity to 1,500 inland destinations and around 200 direct ports. They have just been listed as among the top 2000 biggest public-listed companies in the world by Forbes 2015 ranking (The Straits Times, 2015).
They target companies in the chemical, electronics, and health care industries, include inventory management, distribution, land, air, and sea freight forwarding for its integrated logistics services. The group structure of CWT Limited is shown in the next page. Page 1 of 33

3. Competitors and Market Conditions
The competitors to CWT Limited are DHL International GmbH, TNT Holdings B.V.,
Yamato Holdings Co., Ltd, Nippon Express Co., Ltd, Mitsui-Soko Holdings Co., Ltd and Neptune Orient Lines Limited. Their closest competitor will be Neptune Orient
Lines Limited. Based on 2014 financial data, CWT Limited is better at turning its investment into profits with a return on assets of 2.92% while Neptune Orient Lines
Limited only managed a 1.99%. This shows that the management of CWT



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