How does G39's PE Ratio compare to its peers?

G39 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (9.1x).

How does G39's PE Ratio compare vs other companies in the European Shipping Industry?

G39 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the European Shipping industry average (7.3x).

What is G39'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.

G39 is good value based on its Price-To-Earnings Ratio (6.1x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).

What is the Fair Price of G39 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

G39 (€21.7) is trading below our estimate of [[fair value]] (€101.38)

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

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

Gram Car Carriers (DB:G39) - Stock Price, News & Analysis

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

G39 Stock Overview

Through its subsidiaries, operates as a tonnage supplier in Asia, Europe, and internationally. More details

G39 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	6/6
Financial Health	2/6
Dividends	4/6

Rewards

Trading at 78.6% below our estimate of its fair value

Earnings grew by 221.2% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 0.5% per year for the next 3 years

Unstable dividend track record

Has a high level of debt

Gram Car Carriers ASA Competitors

Wilson

DB:PM1

€258.8m

SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft

HMSE:NEP

€111.9m

Hapag-Lloyd

XTRA:HLAG

€27.0b

Logwin

XTRA:TGHN

€719.8m

Price History & Performance

Summary of all time highs, changes and price drops for Gram Car Carriers
Historical stock prices
Current Share Price	NOK 21.70
52 Week High	NOK 23.15
52 Week Low	NOK 13.80
Beta	-0.91
11 Month Change	-4.19%
3 Month Change	-0.23%
1 Year Change	43.71%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	278.71%

Recent updates

Shareholder Returns

	G39	DE Shipping	DE Market
7D	0%	-3.5%	0.8%
1Y	43.7%	2.9%	9.1%

Return vs Industry: G39 exceeded the German Shipping industry which returned -10.5% over the past year.

Return vs Market: G39 exceeded the German Market which returned -3.1% over the past year.

Price Volatility

Is G39's price volatile compared to industry and market?
G39 volatility
G39 Average Weekly Movement	3.5%
Shipping Industry Average Movement	4.9%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: G39 has not had significant price volatility in the past 3 months.

Volatility Over Time: G39's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1982	18	Georg Whist	gramcar.com

Gram Car Carriers ASA, through its subsidiaries, operates as a tonnage supplier in Asia, Europe, and internationally. The company invests in and operates maritime assets in the pure car and truck carrier shipping segment. It also offers commercial management services for the 18 owned carriers and 4 vessels managed by third party owners.

Gram Car Carriers ASA Fundamentals Summary

How do Gram Car Carriers's earnings and revenue compare to its market cap?
G39 fundamental statistics
Market cap	€630.88m
Earnings (TTM)	€102.82m
Revenue (TTM)	€196.78m

6.1x

P/E Ratio

3.2x

P/S Ratio

Is G39 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
G39 income statement (TTM)
Revenue	US$214.64m
Cost of Revenue	US$48.14m
Gross Profit	US$166.50m
Other Expenses	US$54.35m
Earnings	US$112.15m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 20, 2024

Earnings per share (EPS)	3.87
Gross Margin	77.57%
Net Profit Margin	52.25%
Debt/Equity Ratio	89.7%

How did G39 perform over the long term?

See historical performance and comparison

Dividends

16.5%

Current Dividend Yield

76%

Payout Ratio

This company listing is no longer active

G39 Stock Overview

Rewards

Risk Analysis

Gram Car Carriers ASA Competitors

DB:PM1

€258.8m

HMSE:NEP

€111.9m

XTRA:HLAG

€27.0b

XTRA:TGHN

€719.8m

Price History & Performance

Recent News & Updates

SAS Shipping Agencies Services SÀRL completed the acquisition of Gram Car Carriers ASA (OB : GCC) from Al Maritime Holding Pte Ltd., F. Laeisz GmbH, Glenrinnes Farms Ltd., HM Gram Enterprises Limited, HM Gram Investments III Limited and others.

First quarter 2024 earnings released: EPS: US$1.08 (vs US$0.45 in 1Q 2023)

New minor risk - Share price stability

Investor sentiment improves as stock rises 27%

Gram Car Carriers Announces Cash Dividend, Payable on or About 2 May 2024

Gram Car Carriers ASA Approves Dividend for the Fourth Quarter of 2023

Recent updates

SAS Shipping Agencies Services SÀRL completed the acquisition of Gram Car Carriers ASA (OB : GCC) from Al Maritime Holding Pte Ltd., F. Laeisz GmbH, Glenrinnes Farms Ltd., HM Gram Enterprises Limited, HM Gram Investments III Limited and others.

First quarter 2024 earnings released: EPS: US$1.08 (vs US$0.45 in 1Q 2023)

New minor risk - Share price stability

Investor sentiment improves as stock rises 27%

Gram Car Carriers Announces Cash Dividend, Payable on or About 2 May 2024

Gram Car Carriers ASA Approves Dividend for the Fourth Quarter of 2023

Gram Car Carriers ASA, Annual General Meeting, May 15, 2024

Third quarter 2023 earnings released: EPS: US$0.86 (vs US$0.23 in 3Q 2022)

Gram Car Carriers ASA Approves Cash Dividend for the Third Quarter of 2023

Gram Car Carriers ASA Proposes Quarterly Cash Dividend, Payable on or About 10 November 2023

New minor risk - Share price stability

Gram Car Carriers ASA to Report Q4, 2023 Results on Feb 08, 2024

Gram Car Carriers ASA acquired a 21.6% stake in Gram Car As for $6.1 million.

Gram Car Carriers ASA Announces Cash Dividend, Payable on or About 22 August 2023

Gram Car Carriers ASA Announces Cash Dividend

No independent directors

Gram Car Carriers ASA (OB:GCC) announces an Equity Buyback for 300,000 shares, for NOK 60 million.

Investor sentiment improves as stock rises 22%

Upcoming dividend of US$0.17 per share at 4.6% yield

Chief Financial Officer recently bought €82k worth of stock

No independent directors

Chief Financial Officer recently bought €82k worth of stock

Gram Car Carriers ASA Proposes Cash Dividend for the Fourth Quarter of 2022

Gram Car Carriers ASA to Report Q4, 2022 Results on Feb 09, 2023

Gram Car Carriers ASA to Report First Half, 2023 Results on Aug 15, 2023

No independent directors

Gram Car Carriers Asa Proposes Cash Dividend for Third Quarter of 2022, Payable on or About 21 November 2022

Gram Car Carriers Asa Proposes Cash Dividend for Third Quarter of 2022

Investor sentiment improved over the past week

Vice Chairman of the Board recently bought €74k worth of stock

Gram Car Carriers ASA Proposes Distribution of Cash Dividend, Payable on or About September 9, 2022

Inaugural dividend of US$0.093 per share

Gram Car Carriers Asa Proposes Initial Cash Dividend for the Second Quarter of 2022

Gram Car Carriers ASA Proposes Final Cash Dividend Distribution, Payable on or About 9 June 2022

No independent directors

Gram Car Carriers ASA Proposes Initial Cash Dividend for the First Quarter of 2022

Gram Car Carriers ASA to Report First Half, 2022 Results on Aug 19, 2022

No independent directors

Shareholder Returns

Price Volatility

About the Company

Gram Car Carriers ASA Fundamentals Summary

6.1x

3.2x

Earnings & Revenue

Dividends

16.5%

76%