Announcement • Mar 06
A.P. Møller - Mærsk A/S Announces Temporary Suspension of Services: Middle East–Europe, Far East–Middle East, and Gulf Region Shuttles A.P. Møller - Mærsk A/S announced temporary suspension of services: Middle East–Europe, Far East–Middle East, and Gulf Region Shuttles. The company closely monitoring the evolving security situation in the Middle East and would like to share an important update on its network coverage across the region. Following its latest risk assessment and operational review and considering the escalating conflict affecting safe navigation in the Gulf region, the company has made the decision to temporarily suspend the FM1 Service (connecting Far East to Middle East) and as well the ME11 Service (connecting Middle East to Europe). This decision has been taken as a precautionary measure to ensure the safety of its personnel and vessels while minimizing operational disruption across its wider network. In addition to the above-mentioned changes, the company also confirmed that its shuttle services in the Gulf region are suspended until further notice. Furthermore, the ME1 service covering the Middle East to Northern Europe will temporarily drop the call in Jebel Ali, UAE and continue to call India and Oman. Previous rotation: Jebel Ali – Mundra – Nhava Sheva – Salalah – Port Tangier (TC1) – Rotterdam – Wilhelmshaven – Hamburg – London Gateway. New rotation: Mundra - Nhava Sheva - Salalah - Port Tangier (TC1) - Rotterdam - Wilhelmshaven - Hamburg - London Gateway. Announcement • Feb 06
A.P. Møller - Mærsk A/S announces Annual dividend, payable on March 30, 2026 A.P. Møller - Mærsk A/S announced Annual dividend of DKK 480.0000 per share payable on March 30, 2026, ex-date on March 26, 2026 and record date on March 27, 2026. Announcement • Dec 16
A.P. Møller - Mærsk A/S, Annual General Meeting, Mar 25, 2026 A.P. Møller - Mærsk A/S, Annual General Meeting, Mar 25, 2026. Announcement • Dec 11
A.P. Møller - Mærsk A/S to Report Fiscal Year 2025 Results on Feb 05, 2026 A.P. Møller - Mærsk A/S announced that they will report fiscal year 2025 results on Feb 05, 2026 Announcement • Feb 08
A.P. Møller - Mærsk A/S Proposes Dividend for 2024 A.P. Møller - Mærsk A/S announced that dividend proposal for the year just passed. For 2024, the dividend proposals will be set by the APM -- A.P. Møller Board at the AGM on March 18 and is a dividend per share of DKK 1,120. Announcement • Dec 21
A.P. Møller - Mærsk A/S, Annual General Meeting, Feb 06, 2025 A.P. Møller - Mærsk A/S, Annual General Meeting, Feb 06, 2025. Announcement • Nov 02
A.P. Møller - Mærsk A/S to Report Fiscal Year 2024 Results on Feb 06, 2025 A.P. Møller - Mærsk A/S announced that they will report fiscal year 2024 results on Feb 06, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$193 (vs US$31.00 in 3Q 2023) Third quarter 2024 results: EPS: US$193 (up from US$31.00 in 3Q 2023). Revenue: US$15.8b (up 30% from 3Q 2023). Net income: US$3.05b (up 485% from 3Q 2023). Profit margin: 19% (up from 4.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$51.00 (vs US$85.00 in 2Q 2023) Second quarter 2024 results: EPS: US$51.00 (down from US$85.00 in 2Q 2023). Revenue: US$12.8b (down 1.7% from 2Q 2023). Net income: US$798.0m (down 45% from 2Q 2023). Profit margin: 6.2% (down from 11% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Jul 19
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 German stocks, typically moving 6.9% 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: Major Risk Earnings are forecast to decline by an average of 39% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.5% net profit margin). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1,465, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 3.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €787 per share. Announcement • Jun 06
A.P. Møller - Mærsk A/S Updates Earnings Guidance for Full Year 2024 A.P. Møller - Mærsk A/S updated earnings guidance for full year 2024. APMM upgraded its full-year 2024 guidance and now expects EBIT of USD 1 billion to 3 billion (previously USD -2 billion to 0 billion, respectively). 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 €1,498, the stock trades at a trailing P/E ratio of 14.9x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 17% over the past three years. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$11.00 (vs US$131 in 1Q 2023) First quarter 2024 results: EPS: US$11.00 (down from US$131 in 1Q 2023). Revenue: US$12.4b (down 13% from 1Q 2023). Net income: US$177.0m (down 92% from 1Q 2023). Profit margin: 1.4% (down from 16% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 08
Upcoming dividend of kr.515 per share Eligible shareholders must have bought the stock before 15 March 2024. Payment date: 19 March 2024. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (17%). Announcement • Feb 29
Maersk Starts Due Diligence for Acquiring Half of Egypt’s Zafarana Wind Farm The Danish shipping and logistics firm A.P. Møller - Mærsk A/S (CPSE:MAERSK B) has embarked on the due diligence process for acquiring half of the wind power farms in the Zaafarana complex at Ras Ghareb City in the Red Sea, Al Mal News reported, citing government sources. Earlier in October, it was reported that Maersk signed a preliminary agreement with the Egyptian government to purchase a 51% stake in a wind power farm in the Zafarana complex. The acquisition comes as part of Maersk's strategy to build a clean fuel complex with $15 billion in investments, which aims to use the generated energy from the wind farm in the production of green fuel, the sources added. Announcement • Feb 16
A.P. Møller - Mærsk A/S Proposes Dividend, Payable on 19 March 2024 A.P. Møller - Mærsk A/S at the Annual General Meeting to be held on 14 March 2024 Board proposed payment of a dividend of DKK 515 per share of DKK 1,000. The dividend adopted by the Annual General Meeting is expected to be paid out on 19 March 2024 via the share issuing bank Danske Bank A/S to the shareholders' account in own depository bank. Reported Earnings • Feb 09
Full year 2023 earnings released Full year 2023 results: Revenue: US$51.1b (down 37% from FY 2022). Net income: US$3.82b (down 87% from FY 2022). Profit margin: 7.5% (down from 36% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1,908, the stock trades at a forward P/E ratio of 137x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3,106 per share. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1,640, the stock trades at a trailing P/E ratio of 3x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3,198 per share. Reported Earnings • Nov 04
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: US$12.1b (down 47% from 3Q 2022). Net income: US$521.0m (down 94% from 3Q 2022). Profit margin: 4.3% (down from 39% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 5.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 21
A.P. Møller - Mærsk A/S, Annual General Meeting, Mar 14, 2024 A.P. Møller - Mærsk A/S, Annual General Meeting, Mar 14, 2024. Announcement • Oct 11
A.P. Møller - Mærsk A/S (CPSE:MAERSK B) signed a preliminary agreement to acquire 51% stake in Gabal Al-Zafarana wind power station from Egyptian government. A.P. Møller - Mærsk A/S (CPSE:MAERSK B) signed a preliminary agreement to acquire 51% stake in Gabal Al-Zafarana wind power station from Egyptian government on October 9, 2023. The complex has a total capacity of 545 MW. The transaction is expected to close by end of 2023. Announcement • Sep 20
A.P. Møller - Mærsk A/S to Report Q1, 2024 Results on May 02, 2024 A.P. Møller - Mærsk A/S announced that they will report Q1, 2024 results on May 02, 2024 Reported Earnings • Aug 06
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$13.0b (down 40% from 2Q 2022). Net income: US$1.45b (down 83% from 2Q 2022). Profit margin: 11% (down from 40% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 6.3% p.a. on average during the next 3 years compared to a 8.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 06
A.P. Møller - Mærsk A/S Provides Revenue Guidance for the Year 2023 For the full year 2023, A.P. Møller - Mærsk A/S expects an underlying EBIT of $2 billion to $5 billion. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$14.2b (down 26% from 1Q 2022). Net income: US$2.28b (down 66% from 1Q 2022). Profit margin: 16% (down from 35% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 7.6% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Apr 05
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Marika Fredriksson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 22
Upcoming dividend of kr.4,300 per share at 12% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (14%). Board Change • Feb 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Maria Moraleda Martinez was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Full year 2022 earnings released Full year 2022 results: Revenue: US$81.5b (up 32% from FY 2021). Net income: US$29.2b (up 63% from FY 2021). Profit margin: 36% (up from 29% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 14% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Shipping industry in Europe. Announcement • Feb 09
A.P. Møller - Mærsk A/S to Report Fiscal Year 2023 Results on Feb 08, 2024 A.P. Møller - Mærsk A/S announced that they will report fiscal year 2023 results on Feb 08, 2024 Announcement • Jan 04
A.P. Møller - Mærsk A/S (CPSE:MAERSK B) completed the acquisition of Martin Bencher (Scandinavia) A/S. A.P. Møller - Mærsk A/S (CPSE:MAERSK B) agreed to acquire Martin Bencher (Scandinavia) A/S for an enterprise value of $61 million on August 5, 2022. The value of the transaction is $61 Million (enterprise value) post-IFRS 16 lease liabilities, reflecting an EV/EBITDA multiple of 7.1 based on estimated EBITDA for full-year 2021. Until the closing of the transaction, Maersk and Martin Bencher Group remain two separate companies and thus will run their businesses independently as usual. The transaction is subject to regulatory approvals. Soren Skou is stepping down as CEO of A. P. Møller – Mærsk. He will be succeeded by Vincent Clerc, currently ceo of the company’s ocean and logistics business, effective January 1, 2023.
A.P. Møller - Mærsk A/S (CPSE:MAERSK B) completed the acquisition of Martin Bencher (Scandinavia) A/S on January 2, 2023. Announcement • Dec 05
A.P. Møller - Mærsk A/S to Report Q1, 2023 Results on May 04, 2023 A.P. Møller - Mærsk A/S announced that they will report Q1, 2023 results on May 04, 2023 Reported Earnings • Nov 03
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$22.8b (up 37% from 3Q 2021). Net income: US$8.88b (up 63% from 3Q 2021). Profit margin: 39% (up from 33% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 11% decline forecast for the Shipping industry in Europe. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$466 (vs US$194 in 2Q 2021) Second quarter 2022 results: EPS: US$466 (up from US$194 in 2Q 2021). Revenue: US$21.7b (up 52% from 2Q 2021). Net income: US$8.59b (up 131% from 2Q 2021). Profit margin: 40% (up from 26% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 7.5% compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Board Change • May 31
High number of new directors Director Marika Fredriksson was the last director to join the board, commencing their role in 2022. Reported Earnings • May 05
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$19.3b (up 55% from 1Q 2021). Net income: US$6.78b (up 151% from 1Q 2021). Profit margin: 35% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.3%, compared to a 15% growth forecast for the industry in Germany. Board Change • Apr 27
High number of new directors Director Marika Fredriksson was the last director to join the board, commencing their role in 2022. Board Change • Apr 02
High number of new directors Director Marika Fredriksson was the last director to join the board, commencing their role in 2022. Upcoming Dividend • Mar 09
Upcoming dividend of kr.2,500 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 18 March 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 13%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (6.8%). Buying Opportunity • Mar 01
Now 20% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be US$3,498, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. The company has become profitable over the last 3 years. Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$4,970 (up from US$145 in FY 2020). Revenue: US$61.8b (up 56% from FY 2020). Net income: US$93.6b (up US$90.8b from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 29% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 153% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 03
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$16.6b (up 68% from 3Q 2020). Net income: US$5.44b (up 487% from 3Q 2020). Profit margin: 33% (up from 9.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 138% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$14.2b (up 58% from 2Q 2020). Net income: US$3.71b (up US$3.29b from 2Q 2020). Profit margin: 26% (up from 4.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.