A.P. Møller - Mærsk A/S

WBAG:MRSK Stock Report

Market Cap: €23.7b

A.P. Møller - Mærsk Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 MRSK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MRSK (€1534.5) is trading above our estimate of fair value (€1150.6)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MRSK. This is calculated by dividing MRSK's market cap by their current earnings.
What is MRSK's PE Ratio?
PE Ratio7.1x
EarningsUS$3.59b
Market CapUS$25.09b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MRSK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.1x
HLAG Hapag-Lloyd
18.4x-8.9%€26.9b
KNIN Kuehne + Nagel International
21.6x7.2%CHF 24.8b
1919 COSCO SHIPPING Holdings
4.1x-29.4%HK$225.1b
2603 Evergreen Marine Corporation (Taiwan)
4.1x-19.3%NT$461.4b
MRSK A.P. Møller - Mærsk
7.1x-71.4%€176.9b

Price-To-Earnings vs Peers: MRSK is good value based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MRSK 7.1xIndustry Avg. 7.7xNo. of Companies8PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MRSK is good value based on its Price-To-Earnings Ratio (7.1x) compared to the European Shipping industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is MRSK'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.

MRSK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.1x
Fair PE Ratio5.3x

Price-To-Earnings vs Fair Ratio: MRSK is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (5.3x).

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 MRSK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1,534.50
€1,650.38
+7.6%
19.0%€2,133.61€1,204.46n/a18
Nov ’25€1,508.50
€1,610.73
+6.8%
18.6%€2,082.17€1,175.42n/a18
Oct ’25€1,437.00
€1,620.36
+12.8%
20.1%€2,064.64€1,144.55n/a17
Sep ’25€1,348.50
€1,668.48
+23.7%
17.3%€2,067.84€1,232.01n/a17
Aug ’25€1,500.00
€1,720.74
+14.7%
20.3%€2,289.55€1,216.73n/a18
Jul ’25€1,720.00
€1,633.88
-5.0%
22.3%€2,300.92€1,096.55n/a18
Jun ’25€1,693.50
€1,557.32
-8.0%
21.5%€2,239.25€1,085.36n/a18
May ’25€1,369.00
€1,510.61
+10.3%
22.2%€2,376.67€1,106.12n/a17
Apr ’25€1,211.00
€1,612.61
+33.2%
24.6%€2,347.20€1,096.82n/a18
Mar ’25€1,292.50
€1,647.23
+27.4%
24.2%€2,342.88€1,094.80n/a18
Feb ’25€1,676.50
€1,758.34
+4.9%
23.8%€2,329.77€1,098.85n/a17
Jan ’25€1,625.00
€1,623.25
-0.1%
30.3%€2,672.80€1,088.10n/a17
Dec ’24€1,470.00
€1,645.24
+11.9%
29.6%€2,695.69€1,118.99n/a17
Nov ’24€1,591.50
€1,787.14
+12.3%
26.4%€2,738.44€1,246.58€1,508.5017
Oct ’24€1,710.00
€1,859.02
+8.7%
26.0%€2,797.49€1,263.45€1,437.0016
Sep ’24€1,706.50
€1,903.47
+11.5%
25.6%€2,745.44€1,295.91€1,348.5016
Aug ’24€1,875.00
€1,925.39
+2.7%
24.9%€2,751.83€1,271.75€1,500.0016
Jul ’24€1,612.00
€1,917.71
+19.0%
28.9%€3,175.85€1,214.72€1,720.0016
Jun ’24€1,603.00
€1,961.99
+22.4%
29.9%€3,268.57€1,236.05€1,693.5015
May ’24€1,637.00
€1,973.47
+20.6%
29.4%€2,821.89€1,151.41€1,369.0016
Apr ’24€1,681.00
€2,119.93
+26.1%
33.4%€3,201.62€1,169.68€1,211.0015
Mar ’24€2,270.00
€2,320.69
+2.2%
33.4%€3,877.22€1,407.53€1,292.5015
Feb ’24€1,996.00
€2,485.86
+24.5%
33.9%€3,741.18€1,358.15€1,676.5015
Jan ’24€2,158.00
€2,550.46
+18.2%
33.5%€3,723.01€1,405.59€1,625.0016
Dec ’23€2,055.00
€2,504.48
+21.9%
33.0%€3,752.47€1,360.66€1,470.0016
Nov ’23€2,168.00
€2,762.99
+27.4%
27.9%€3,777.18€1,449.75€1,591.5016

Analyst Forecast: Target price is less than 20% higher than the current share price.

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