MPC Container Ships ASA (OB:MPCC) Shares Could Be 35% Below Their Intrinsic Value Estimate
May 14
Norwegian (OSEAX) Marine and Shipping Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies18
- 7D-0.4%
- 3M11.5%
- 1Y55.6%
- YTD29.9%
Over the last 7 days, the Marine and Shipping industry has remained flat, although notably MPC Container Ships gained 6.1%. The past year has been better, since the industry has gained 56% in that time. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the Norwegian Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | kr173.9b | kr158.6b | kr33.0b | 6.1x | 5.3x | 1.1x |
| Mon, 15 Apr 2024 | kr151.8b | kr161.5b | kr32.8b | 5.7x | 4.6x | 0.9x |
| Wed, 13 Mar 2024 | kr140.8b | kr154.0b | kr31.1b | 6x | 4.5x | 0.9x |
| Fri, 09 Feb 2024 | kr161.4b | kr159.3b | kr31.8b | 7x | 5.1x | 1x |
| Sun, 07 Jan 2024 | kr168.5b | kr179.5b | kr32.2b | 7.3x | 5.2x | 0.9x |
| Tue, 05 Dec 2023 | kr159.8b | kr187.6b | kr35.7b | 5.8x | 4.5x | 0.9x |
| Thu, 02 Nov 2023 | kr163.1b | kr194.5b | kr35.1b | 5.1x | 4.6x | 0.8x |
| Sat, 30 Sep 2023 | kr149.2b | kr186.3b | kr32.8b | 4.8x | 4.5x | 0.8x |
| Mon, 28 Aug 2023 | kr143.7b | kr187.5b | kr33.4b | 4.6x | 4.3x | 0.8x |
| Wed, 26 Jul 2023 | kr133.9b | kr179.8b | kr26.2b | 4.8x | 5.1x | 0.7x |
| Fri, 23 Jun 2023 | kr144.5b | kr188.2b | kr28.2b | 4.7x | 5.1x | 0.8x |
| Sun, 21 May 2023 | kr136.8b | kr191.5b | kr29.1b | 4.5x | 4.7x | 0.7x |
| Tue, 18 Apr 2023 | kr144.8b | kr183.7b | kr27.9b | 5.3x | 5.2x | 0.8x |
| Thu, 16 Mar 2023 | kr138.1b | kr187.1b | kr28.3b | 4.9x | 4.9x | 0.7x |
| Sat, 11 Feb 2023 | kr138.2b | kr175.1b | kr26.4b | 6x | 5.2x | 0.8x |
| Mon, 09 Jan 2023 | kr138.4b | kr172.1b | kr25.9b | 6.1x | 5.3x | 0.8x |
| Wed, 07 Dec 2022 | kr136.2b | kr170.5b | kr25.4b | 6.2x | 5.4x | 0.8x |
| Fri, 04 Nov 2022 | kr135.3b | kr172.7b | kr22.9b | 5.9x | 5.9x | 0.8x |
| Sun, 02 Oct 2022 | kr106.4b | kr174.2b | kr21.1b | 5.7x | 5x | 0.6x |
| Tue, 30 Aug 2022 | kr115.8b | kr159.0b | kr19.4b | 6.6x | 6x | 0.7x |
| Thu, 28 Jul 2022 | kr120.5b | kr151.9b | kr18.2b | 6.3x | 6.6x | 0.8x |
| Sat, 25 Jun 2022 | kr111.5b | kr150.8b | kr17.7b | 7.9x | 6.3x | 0.7x |
| Mon, 23 May 2022 | kr123.7b | kr147.1b | kr17.2b | 6.6x | 7.2x | 0.8x |
| Wed, 20 Apr 2022 | kr115.7b | kr127.0b | kr10.8b | 7.8x | 10.7x | 0.9x |
| Fri, 18 Mar 2022 | kr122.9b | kr127.6b | kr11.3b | 7.9x | 10.9x | 1x |
| Sun, 13 Feb 2022 | kr122.5b | kr104.4b | kr9.1b | 9.3x | 13.5x | 1.2x |
| Tue, 11 Jan 2022 | kr103.1b | kr102.8b | kr7.3b | 7.7x | 14.1x | 1x |
| Thu, 09 Dec 2021 | kr93.7b | kr95.2b | kr7.5b | 7.6x | 12.5x | 1x |
| Sat, 06 Nov 2021 | kr92.1b | kr89.2b | kr5.4b | 9.5x | 17.1x | 1x |
| Mon, 04 Oct 2021 | kr89.7b | kr88.3b | kr4.9b | 12.2x | 18.3x | 1x |
| Wed, 01 Sep 2021 | kr81.1b | kr84.9b | kr4.5b | 10.5x | 18.1x | 1x |
| Thu, 08 Jul 2021 | kr76.6b | kr84.9b | kr4.5b | 9.4x | 17.1x | 0.9x |
Price to Earnings Ratio
28.2x
Current Industry PE
- Investors are pessimistic on the Norwegian Shipping industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.3x which is lower than its 3-year average PE of 8.6x.
- The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have grown 133% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Industrials industry?
| NO Market | 0.39% | |
| Industrials | 1.96% | |
| Marine and Shipping | -0.36% | |
| Marine | -0.36% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MPCC MPC Container Ships | kr20.11 | 6.1% +kr514.7m | 13.2% | PE2.6x | |
| HSHP Himalaya Shipping | kr94.90 | 1.0% +kr39.5m | 60.3% | PE256.3x | |
| STST Stainless Tankers | kr66.60 | 2.8% +kr24.3m | 33.2% | n/a | |
| EWIND Edda Wind | kr23.10 | 0.4% +kr11.2m | 4.8% | PS5.7x | |
| WEST Western Bulk Chartering | kr25.90 | 0.8% +kr6.7m | -24.4% | PS0.07x |