Hapag-Lloyd Aktiengesellschaft

WBAG:HLAG Stock Report

Market Cap: €28.2b

Hapag-Lloyd Valuation

Is HLAG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HLAG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HLAG (€160.4) is trading above our estimate of fair value (€125.81)

Significantly Below Fair Value: HLAG is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for HLAG?

Key metric: As HLAG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HLAG. This is calculated by dividing HLAG's market cap by their current earnings.
What is HLAG's PE Ratio?
PE Ratio19.3x
Earnings€1.46b
Market Cap€28.21b

Price to Earnings Ratio vs Peers

How does HLAG's PE Ratio compare to its peers?

The above table shows the PE ratio for HLAG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.5x
KNIN Kuehne + Nagel International
21.6x4.5%CHF 24.8b
MAERSK B A.P. Møller - Mærsk
7.3x-71.4%DKK 184.5b
1919 COSCO SHIPPING Holdings
4.3x-29.4%HK$230.4b
2603 Evergreen Marine Corporation (Taiwan)
4.5x-19.3%NT$508.9b
HLAG Hapag-Lloyd
19.3x-8.9%€28.2b

Price-To-Earnings vs Peers: HLAG is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does HLAG's PE Ratio compare vs other companies in the European Shipping Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HLAG 19.3xIndustry Avg. 7.7xNo. of Companies6PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HLAG is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the European Shipping industry average (7.7x).


Price to Earnings Ratio vs Fair Ratio

What is HLAG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HLAG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.3x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: HLAG is expensive based on its Price-To-Earnings Ratio (19.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HLAG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€160.40
€126.25
-21.3%
24.0%€180.00€85.00n/a12
Nov ’25€166.10
€123.92
-25.4%
23.4%€180.00€80.00n/a12
Oct ’25€159.80
€119.83
-25.0%
24.3%€180.00€80.00n/a12
Sep ’25€146.70
€121.17
-17.4%
23.1%€180.00€80.00n/a12
Aug ’25€160.40
€123.36
-23.1%
23.6%€180.00€90.00n/a11
Jul ’25€173.00
€123.18
-28.8%
24.1%€180.00€80.00n/a11
Jun ’25€174.30
€121.82
-30.1%
23.3%€170.00€80.00n/a11
May ’25€169.80
€103.36
-39.1%
21.5%€150.00€65.00n/a11
Apr ’25€138.50
€101.08
-27.0%
23.4%€150.00€65.00n/a12
Mar ’25€135.00
€103.42
-23.4%
23.3%€150.00€65.00n/a12
Feb ’25€140.10
€103.00
-26.5%
23.4%€150.00€65.00n/a12
Jan ’25€135.30
€98.92
-26.9%
22.7%€130.00€64.00n/a12
Dec ’24€114.50
€109.91
-4.0%
21.1%€145.00€65.00n/a11
Nov ’24€135.80
€136.36
+0.4%
35.1%€240.00€79.00€166.1011
Oct ’24€171.70
€147.27
-14.2%
28.4%€240.00€79.00€159.8011
Sep ’24€184.90
€152.56
-17.5%
29.7%€240.00€87.00€146.709
Aug ’24€208.20
€150.56
-27.7%
30.8%€240.00€88.00€160.409
Jul ’24€186.50
€160.50
-13.9%
28.4%€240.00€88.00€173.0010
Jun ’24€182.90
€156.22
-14.6%
29.4%€240.00€89.00€174.309
May ’24€297.80
€171.78
-42.3%
18.1%€240.00€130.00€169.809
Apr ’24€301.60
€171.78
-43.0%
18.1%€240.00€130.00€138.509
Mar ’24€271.40
€168.00
-38.1%
19.4%€240.00€130.00€135.009
Feb ’24€206.20
€180.78
-12.3%
26.1%€280.00€130.00€140.109
Jan ’24€178.40
€181.22
+1.6%
25.8%€280.00€130.00€135.309
Dec ’23€198.00
€188.78
-4.7%
27.7%€280.00€130.00€114.509
Nov ’23€190.80
€203.11
+6.5%
31.5%€320.00€130.00€135.809

Analyst Forecast: Target price is lower than the current share price.


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