Upcoming Dividend • May 15
Upcoming dividend of €3.00 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 26 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Austrian dividend payers (4.2%). Lower than average of industry peers (4.0%). Annonce • Apr 01
Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, May 20, 2026 Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, May 20, 2026, at 10:30 W. Europe Standard Time. Annonce • Mar 31
Hapag-Lloyd Aktiengesellschaft announces Annual dividend, payable on May 26, 2026 Hapag-Lloyd Aktiengesellschaft announced Annual dividend of EUR 3.0000 per share payable on May 26, 2026, ex-date on May 21, 2026 and record date on May 22, 2026. New Risk • Mar 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 133% Dividend yield: 7.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 133% Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: €5.18 (vs €13.57 in FY 2024) Full year 2025 results: EPS: €5.18 (down from €13.57 in FY 2024). Revenue: €18.6b (down 2.5% from FY 2024). Net income: €909.8m (down 62% from FY 2024). Profit margin: 4.9% (down from 13% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €158, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 9x in the Shipping industry in Europe. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €132 per share. Annonce • Feb 28
Hapag-Lloyd Announces Board Changes Hapag-Lloyd Aktiengesellschaft announced that Due to illness, chairman Michael Behrendt, a long-term servant to German liner giant Hapag-Lloyd, is cutting back his role at the Hamburg firm. Behrendt, 74, who was Hapag-Lloyd’s CEO for 12 years through 2014, and has been chairman of the supervisory board since then, will now become an ordinary member of the board. Taking his place as chairman is a well-known name in German business circles, Karl Gernandt, whose career has seen him hold senior positions at Deutsche Bank, Holcim, Kuehne Holding and Lufthansa. Gernandt, 65, has been on the Hapag-Lloyd board since 2009. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (4.8% average weekly change). Annonce • Feb 16
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) and First Israel Mezzanine Investors Ltd. (PIMI) proposed to acquire ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) for approximately $3.5 billion. Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) and First Israel Mezzanine Investors Ltd. (PIMI) proposed to acquire ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) for approximately $3.5 billion on February 15, 2026. A cash consideration of $3.5 billion will be paid by Hapag-Lloyd Aktiengesellschaft and First Israel Mezzanine Investors Ltd. As part of consideration, $3.5 billion is paid towards common equity of ZIM Integrated Shipping Services Ltd. The proposed deal value is significantly exceeding ZIM's current market value by approximately $800 million. Hapag-Lloyd was declared the winner of the bid to acquire ZIM, along with the Israeli investment fund PIMI. As part of the transaction, Hapag-Lloyd acquires ZIM's international business, global trade routes and international infrastructure; PIMI retains control over ZIM's critical Israeli operations, including the fleet of 16 Israeli-flagged vessels, key shipping routes to and from Israel, and computer control systems; and The fund will also be responsible for complying with regulatory requirements of the Israeli Ministry of Transport and Ministry of Defense, such as maintaining a minimum number of vessels in ownership.
The required approvals of the transaction by the Management Board and the Supervisory Board of the Company, as well as by the competent corporate bodies of the contractual counterparties have not yet been granted. Furthermore, the consent of the State of Israel based on its special rights set forth in the articles of association of ZIM is required. The completion of the transaction would require additional regulatory approvals and the consent of the shareholders’ meeting of ZIM. Buy Or Sell Opportunity • Nov 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.2% to €110. The fair value is estimated to be €138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 89%. For the next 3 years, revenue is forecast to decline by 2.8% per annum. Earnings are forecast to grow by 0.6% per annum over the same time period. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: €0.77 (vs €5.43 in 3Q 2024) Third quarter 2025 results: EPS: €0.77 (down from €5.43 in 3Q 2024). Revenue: €4.67b (down 11% from 3Q 2024). Net income: €134.5m (down 86% from 3Q 2024). Profit margin: 2.9% (down from 18% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: €1.47 (vs €2.44 in 2Q 2024) Second quarter 2025 results: EPS: €1.47 (down from €2.44 in 2Q 2024). Revenue: €4.63b (up 2.0% from 2Q 2024). Net income: €258.2m (down 40% from 2Q 2024). Profit margin: 5.6% (down from 9.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 3.6% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 13
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to €133. The fair value is estimated to be €109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 73%. For the next 3 years, revenue is forecast to decline by 2.7% per annum. Earnings are also forecast to decline by 17% per annum over the same time period. Buy Or Sell Opportunity • Jun 29
Now 20% overvalued Over the last 90 days, the stock has fallen 8.0% to €128. The fair value is estimated to be €107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 73%. For the next 3 years, revenue is forecast to decline by 2.3% per annum. Earnings are also forecast to decline by 20% per annum over the same time period. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €2.51 (vs €1.67 in 1Q 2024) First quarter 2025 results: EPS: €2.51 (up from €1.67 in 1Q 2024). Revenue: €5.05b (up 19% from 1Q 2024). Net income: €441.7m (up 50% from 1Q 2024). Profit margin: 8.7% (up from 6.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €158, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 9x in the Shipping industry in Europe. Total loss to shareholders of 44% over the past three years. Upcoming Dividend • Apr 28
Upcoming dividend of €8.20 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Austrian dividend payers (5.5%). Lower than average of industry peers (7.6%). Upcoming Dividend • Apr 25
Upcoming dividend of €8.20 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Austrian dividend payers (5.3%). Lower than average of industry peers (7.6%). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €137, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 5x in the Shipping industry in Europe. Total loss to shareholders of 42% over the past three years. Declared Dividend • Apr 03
Dividend reduced to €8.20 Dividend of €8.20 is 11% lower than last year. Ex-date: 2nd May 2025 Payment date: 6th May 2025 Dividend yield will be 6.4%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 95% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 37% over the next 3 years. Since a fall of 33% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Annonce • Mar 23
Hapag-Lloyd Aktiengesellschaft announces Annual dividend, payable on May 06, 2025 Hapag-Lloyd Aktiengesellschaft announced Annual dividend of EUR 8.2000 per share payable on May 06, 2025, ex-date on May 01, 2025 and record date on May 05, 2025. Annonce • Mar 22
Hapag-Lloyd Aktiengesellschaft Provides Earnings Guidance for the Financial Year 2025 Hapag-Lloyd Aktiengesellschaft provided earnings guidance for the financial year 2025. For the year 2025, the company expects the group EBIT to be in the range of USD 0.0 to 1.5 billion (EUR 0.0 to 1.5 billion). New Risk • Mar 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.2% Last year net profit margin: 29% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Cash payout ratio: 119% Earnings are forecast to decline by an average of 8.1% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (8.2% net profit margin). Annonce • Mar 21
Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, Apr 30, 2025 Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, Apr 30, 2025, at 10:30 W. Europe Standard Time. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: €13.57 (vs €16.70 in FY 2023) Full year 2024 results: EPS: €13.57 (down from €16.70 in FY 2023). Revenue: €19.1b (up 6.6% from FY 2023). Net income: €2.39b (down 19% from FY 2023). Profit margin: 13% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 10
Now 25% overvalued Over the last 90 days, the stock has fallen 4.2% to €154. The fair value is estimated to be €123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to decline by 0.9% per annum. Earnings are also forecast to decline by 16% per annum over the same time period. Buy Or Sell Opportunity • Feb 12
Now 26% overvalued Over the last 90 days, the stock has fallen 1.9% to €155. The fair value is estimated to be €123, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to decline by 0.4% per annum. Earnings are also forecast to decline by 16% per annum over the same time period. Annonce • Jan 30
Hapag-Lloyd Aktiengesellschaft to Report Fiscal Year 2024 Results on Jan 30, 2025 Hapag-Lloyd Aktiengesellschaft announced that they will report fiscal year 2024 results on Jan 30, 2025 Buy Or Sell Opportunity • Dec 03
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €159. The fair value is estimated to be €127, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings are also forecast to decline by 8.9% per annum over the same time period. Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: €5.43 (vs €1.47 in 3Q 2023) Third quarter 2024 results: EPS: €5.43 (up from €1.47 in 3Q 2023). Revenue: €5.26b (up 28% from 3Q 2023). Net income: €954.5m (up 271% from 3Q 2023). Profit margin: 18% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.0% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Annonce • Nov 08
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) acquired Reederei Hamburger Lloyd GmbH & Co KG. Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) acquired Reederei Hamburger Lloyd GmbH & Co KG on November 7, 2024.
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) completed the acquisition of Reederei Hamburger Lloyd GmbH & Co KG on November 7, 2024. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €139, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €177 per share. Buy Or Sell Opportunity • Oct 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €143. The fair value is estimated to be €182, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings are also forecast to grow by 6.3% per annum over the same time period. Buy Or Sell Opportunity • Sep 17
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to €144. The fair value is estimated to be €119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has declined by 22%. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €2.44 (vs €5.71 in 2Q 2023) Second quarter 2024 results: EPS: €2.44 (down from €5.71 in 2Q 2023). Revenue: €4.54b (up 2.9% from 2Q 2023). Net income: €429.7m (down 57% from 2Q 2023). Profit margin: 9.5% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Annonce • Jul 11
Hapag-Lloyd Aktiengesellschaft Raises Earnings Guidance for the Full Year 2024 Hapag-Lloyd Aktiengesellschaft raised earnings guidance for the full year 2024. For the period, the company now expects Group EBIT in the range of EUR 1.2 billion to EUR 2.2 billion (previously: EUR 0.0 to EUR 1.0 billion). In US dollars, this corresponds to an expected Group EBIT of USD 1.3 billion to USD 2.4 billion (previous: USD 0.0 to USD 1.1 billion). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €153, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Buy Or Sell Opportunity • Jun 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to €181. The fair value is estimated to be €151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 4.3% in 2 years. Earnings are forecast to decline by 51% in the next 2 years. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €1.68 (vs €10.75 in 1Q 2023) First quarter 2024 results: EPS: €1.68 (down from €10.75 in 1Q 2023). Revenue: €4.26b (down 24% from 1Q 2023). Net income: €294.7m (down 84% from 1Q 2023). Profit margin: 6.9% (down from 34% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.3% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €166, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €159 per share. Upcoming Dividend • Apr 26
Upcoming dividend of €9.25 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 5.4%. Lower than top quartile of Austrian dividend payers (5.8%). In line with average of industry peers (6.0%). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €175, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €158 per share. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: €16.70 (vs €96.87 in FY 2022) Full year 2023 results: EPS: €16.70 (down from €96.87 in FY 2022). Revenue: €17.9b (down 48% from FY 2022). Net income: €2.94b (down 83% from FY 2022). Profit margin: 16% (down from 49% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Feb 24
Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, Apr 30, 2024 Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, Apr 30, 2024. Annonce • Jan 23
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) signed an agreement to acquire Atl Haulage Contractors Limited. Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) signed an agreement to acquire Atl Haulage Contractors Limited on January 22, 2024. ATL will remain an independent company and brand and will continue to be run by the existing management team serving all its customers in line with their existing contractual agreements. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €169, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 127% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €223 per share. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to €137, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €139 per share. New Risk • Dec 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 74% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 173% Cash payout ratio: 152% Earnings are forecast to decline by an average of 74% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (29% net profit margin). Buying Opportunity • Dec 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be €138, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to decline by 29% in 2 years. Earnings is forecast to decline by 85% in the next 2 years. New Risk • Nov 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 29% Last year net profit margin: 51% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.9% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 172% Cash payout ratio: 153% Earnings are forecast to decline by an average of 68% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (29% net profit margin). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: €1.47 (vs €29.10 in 3Q 2022) Third quarter 2023 results: EPS: €1.47 (down from €29.10 in 3Q 2022). Revenue: €4.10b (down 58% from 3Q 2022). Net income: €257.6m (down 95% from 3Q 2022). Profit margin: 6.3% (down from 53% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 8.8% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annonce • Sep 14
Hapag-Lloyd AG Appoints Dheeraj Bhatia to Its Executive Board, Effective January 1, 2024 The Supervisory Board of Hapag-Lloyd AG has appointed Dheeraj Bhatia to the company's Executive Board effective 1 January 2024. He will also become CEO of the new Rotterdam-based Hapag-Lloyd Terminal Holding. Bhatia has more than 20 years of experience in the container shipping business. During this time, he has held several international management positions, including at Norasia Container Lines Limited and CSAV. In 2014, Bhatia joined Hapag-Lloyd as Managing Director and initially headed Area India. Since 2018, he has been based in Dubai and serving as Senior Managing Director of Region Middle East. At the same time, he has been a member of Hapag-Lloyd's Executive Committee. A new Terminal & Infrastructure portfolio will be established on the Executive Board. Bhatia will thus be the first indian national as well as the fifth member of the Executive Board - alongside CEO Rolf Habben Jansen, CIO/CHRO Donya-Florence Amer, CFO/CPO Mark Frese and COO Dr. Maximilian Rothkopf. Annonce • Sep 07
Hapag-Lloyd Reportedly Abandons Plans to Invest in HMM Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) has withdrawn from the bidding process to acquire a stake in South Korean rival Hyundai Merchant Marine (HMM), news agency dpa-AFX reported, citing a statement of Hapag-Lloyd’s CEO Rolf Habben Jansen.b. Hapag-Lloyd would have been a good partner for HMM, but the South Korean company has now decided to pursue its goals with other parties, the CEO said on September 04, 2023. According to the article, Hapag-Lloyd aimed at buying a 38.9% stake in HMM from local banks Korea Development Bank (KDB) and Korea Ocean Business Co (KOBC). Jansen did not disclose the reasons for withdrawing from the process. According to an unnamed logistics expert cited by German paper Bild, the progress of foreign buyers in the bidding rounds could lead to their insight into HMM's sensitive information. That is why the last three bidders remaining in the race are from South Korea. These include fishing company Dongwon, agri-food firm Harim and trading conglomerate LX Holdings. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: €5.71 (vs €25.48 in 2Q 2022) Second quarter 2023 results: EPS: €5.71 (down from €25.48 in 2Q 2022). Revenue: €4.42b (down 51% from 2Q 2022). Net income: €1.00b (down 78% from 2Q 2022). Profit margin: 23% (down from 50% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 8.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Annonce • Aug 10
Hapag-Lloyd AG Reaffirms Earnings Guidance for the Year 2023 Hapag-Lloyd AG reaffirmed earnings guidance for the year 2023. For the year 2023, the company expects EBIT to be in the range of USD 2.1 to USD 4.3 billion (EUR 2 to EUR 4 billion). Annonce • Aug 03
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) completed the acquisition of SAAM Ports S.A. and SAAM Logistics S.A. from Sociedad Matriz SAAM S.A. (SNSE:SMSAAM). Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) signed a binding agreement to acquire SAAM Ports S.A. and SAAM Logistics S.A. from Sociedad Matriz SAAM S.A. (SNSE:SMSAAM) for $1 billion on October 4, 2022. Post completion, a new company will operate as independent entity. The closing of the transaction is subject to approval by the relevant antitrust authorities and to additional conditions customary for a transaction of this kind. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to SAAM Ports S.A./SAAM Logistics S.A. SG Corporate & Investment Banking acted as fairness Opinion Provider. As of July 20, 2023, The National Economic Prosecutor's Office (FNE) has approved the transaction. Transaction has all the ratifications by the competition authorities of the different countries involved: the United States, Mexico, Honduras, Costa Rica, Colombia, Ecuador, Uruguay. With this, SAAM will be able to finalize the agreement to close the transaction with Hapag-Lloyd in a few weeks.
Natascha Doll, Christoph H. Seibt, Simon Schwarz-Lindenberg, Paul Tiger and David Beutel, Martin Rehberg and Olaf Ehlers of Freshfields Bruckhaus Deringer LLP acted as legal advisor to Hapag-Lloyd Aktiengesellschaft. Pablo Iacobelli and Marcos Ríos, of Carey y Cía. Ltda. and Jaime Herrera, Gabriel Sánchez and Jorge de los Ríos of Posse Herrera Ruiz acted as legal advisor to Hapag-Lloyd Aktiengesellschaft. Greenberg Traurig, Freshfields Bruckhaus Deringer, Aguilar Castillo Love, Bustamante Fabara and Creel, García-Cuellar, Aiza y Enríquez acted as legal advisor to Hapag-Lloyd Aktiengesellschaft. Juan Francisco Mendez, Borja Marcos, Benjamin Rippeon, Michael Isby and Jamin R. Koslowe of Simpson Thacher & Bartlett LLP acted as legal advisor to Sociedad Matriz SAAM S.A. (SNSE:SMSAAM). Citigroup CIB acted as financial advisor to Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG).
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) completed the acquisition of SAAM Ports S.A. and SAAM Logistics S.A. from Sociedad Matriz SAAM S.A. (SNSE:SMSAAM) on August 1, 2023. The transaction was approved unconditionally by the relevant antitrust authorities. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €230, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 539% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €104 per share. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: €10.76 (vs €23.70 in 1Q 2022) First quarter 2023 results: EPS: €10.76 (down from €23.70 in 1Q 2022). Revenue: €5.62b (down 30% from 1Q 2022). Net income: €1.89b (down 55% from 1Q 2022). Profit margin: 34% (down from 52% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 4.2% p.a. on average during the next 3 years compared to a 5.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to €197, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €91.67 per share. Upcoming Dividend • Apr 27
Upcoming dividend of €63.00 per share at 21% yield Eligible shareholders must have bought the stock before 04 May 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 21%. Within top quartile of Austrian dividend payers (5.1%). Higher than average of industry peers (14%). Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €358, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 386% over the past three years. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: €96.89 (vs €51.62 in FY 2021) Full year 2022 results: EPS: €96.89 (up from €51.62 in FY 2021). Revenue: €34.5b (up 55% from FY 2021). Net income: €17.0b (up 88% from FY 2021). Profit margin: 49% (up from 41% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 16% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €246, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 259% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €433 per share. Annonce • Jan 31
Hapag-Lloyd Aktiengesellschaft to Report Fiscal Year 2022 Results on Mar 02, 2023 Hapag-Lloyd Aktiengesellschaft announced that they will report fiscal year 2022 results on Mar 02, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €29.11 (vs €16.13 in 3Q 2021) Third quarter 2022 results: EPS: €29.11 (up from €16.13 in 3Q 2021). Revenue: €9.74b (up 56% from 3Q 2021). Net income: €5.12b (up 81% from 3Q 2021). Profit margin: 53% (up from 45% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: €29.11 (vs €16.13 in 3Q 2021) Third quarter 2022 results: EPS: €29.11 (up from €16.13 in 3Q 2021). Revenue: €9.74b (up 56% from 3Q 2021). Net income: €5.12b (up 81% from 3Q 2021). Profit margin: 53% (up from 45% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 20% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annonce • Oct 06
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) signed a binding agreement to acquire SAAM Ports S.A. and SAAM Logistics S.A. from Sociedad Matriz SAAM S.A. (SNSE:SMSAAM) for $1 billion. Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) signed a binding agreement to acquire SAAM Ports S.A. and SAAM Logistics S.A. from Sociedad Matriz SAAM S.A. (SNSE:SMSAAM) for $1 billion on October 4, 2022. Post completion, a new company will operate as independent entity. The closing of the transaction is subject to approval by the relevant antitrust authorities and to additional conditions customary for a transaction of this kind. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to SAAM Ports S.A./SAAM Logistics S.A. Annonce • Sep 16
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) agreed to acquire 49% stake in Spinelli S.r.l. Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) agreed to acquire 49% stake in Spinelli S.r.l. on September 15, 2022. The transaction, whose financial terms were not disclosed, is subject to regulatory approvals which are expected in the next months. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €228, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €295, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 479% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €452 per share. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: €25.48 (vs €8.64 in 2Q 2021) Second quarter 2022 results: EPS: €25.48 (up from €8.64 in 2Q 2021). Revenue: €8.99b (up 92% from 2Q 2021). Net income: €4.48b (up 195% from 2Q 2021). Profit margin: 50% (up from 32% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 9.8% compared to a 8.2% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 83% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €444, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 120%. Revenue is forecast to decline by 22% in 2 years. Earnings is forecast to decline by 74% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 19% share price gain to €337, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 896% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €444 per share. Annonce • Jul 29
Hapag-Lloyd Revises Earnings Guidance for the Second Half 2022 Hapag-Lloyd revises earnings guidance for the second half 2022. Group EBIT in the range of USD 17.5 billion to USD 19.5 billion from USD 16.3 billion to USD 18.2 billion. Annonce • Jun 03
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) completed the acquisition of DAL Deutsche Afrika-Linien GmbH & Co. KG. Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) signed a framework agreement to acquire DAL Deutsche Afrika-Linien GmbH & Co. KG on March 10, 2022. Post completion of the transaction, DAL employees will join Hapag. The completion of the transaction is subject to the approval of the responsible antitrust authorities. Markus Schoner, Jacob Siebert, Jürgen Siemers, Christian von Lenthe and Christoph Zarth of CMS Germany acted as legal advisor to DAL Deutsche Afrika-Linien GmbH & Co. KG. Citigroup Inc. (NYSE:C) acted as financial advisor to Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG).
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) completed the acquisition of DAL Deutsche Afrika-Linien GmbH & Co. KG on June 1, 2022. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €370, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 1,285% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €234 per share. Annonce • May 26
Hapag-Lloyd Aktiengesellschaft Announces Board Changes Hapag-Lloyd Aktiengesellschaft approved the proposal to elect Dr. Andreas Rittstieg to the Supervisory Board as a shareholder representative. Rittstieg, who holds a doctorate in law, was a member of the Executive Board of the holding company of the Hubert Burda Media Group; has worked as a partner and lawyer in leading law firms in Hamburg, Los Angeles and Tokyo; and was a member of the Supervisory Board of Hapag-Lloyd AG until 2014. He will be succeeding Nicola Gehrt, who resigned from office with effect at the end of the Annual General Meeting on 25 May. It was also resolved to re-elect Turqi Abdulrahman A. Alnowaiser, Sheikh Ali bin Jassim Al-Thani, Oscar Eduardo Hasb?n Mart?nez and Jos? Francisco P?rez Mackenna to the Supervisory Board of Hapag-Lloyd AG.