Announcement • Aug 21
Odfjell SE Approves Dividend for the First Half of 2025, Payable on September 2, 2025 Odfjell SE has approved a dividend payment of USD 0.48 per share based on the company's first half 2025 financial result. Ex-dividend date is 25 August 2025. Record date is 26 August 2025. Payment date is 2 September 2025. Announcement • Feb 07
Odfjell Se Approves Dividend for the Second Half 2024 The Board of Odfjell SE has declared a dividend of USD 0.78 per share for second half of 2024 amounting to USD 61.7 million. The shares will trade ex-dividend on February 12, 2025. Total dividend per share related to 2024 results will be USD 1.78 amounting to USD 140.8 million. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$0.90 (vs US$0.66 in 3Q 2023) Third quarter 2024 results: EPS: US$0.90 (up from US$0.66 in 3Q 2023). Revenue: US$316.9m (up 7.4% from 3Q 2023). Net income: US$71.3m (up 37% from 3Q 2023). Profit margin: 23% (up from 18% in 3Q 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. New Risk • Oct 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% 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 Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €12.96, 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 561% over the past three years. Declared Dividend • Aug 25
First half dividend of kr10.51 announced Shareholders will receive a dividend of kr10.51. Ex-date: 26th August 2024 Payment date: 3rd September 2024 Dividend yield will be 87%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 42% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 4.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 21
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: US$330.3m (up 10% from 2Q 2023). Net income: US$88.2m (up 68% from 2Q 2023). Profit margin: 27% (up from 18% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Shipping industry in Europe. Announcement • Aug 21
Odfjell SE Approves Dividend for the First Half 2024, Payable on 3 September 2024 The board of directors of Odfjell SE have approved a dividend payment of USD 1.00 per share based on the company's first half 2024 financial result. Ex-div date is 26 August 2024. Record date is 27 August 2024. Payment date is 3 September 2024. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €15.88, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 558% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.50 per share. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$1.36 (vs US$0.59 in 1Q 2023) First quarter 2024 results: EPS: US$1.36 (up from US$0.59 in 1Q 2023). Revenue: US$305.6m (flat on 1Q 2023). Net income: US$67.8m (up 45% from 1Q 2023). Profit margin: 22% (up from 15% in 1Q 2023). Revenue is forecast to grow 1.9% 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 increased by 93% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Odfjell Se Appoints Jan Kjærvik Was Elected as Board Member Odfjell SE at its Annual General Meeting held on May 7, 2024, Jan Kjærvik was elected as new board member. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €14.48, 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 558% over the past three years. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: US$2.57 (vs US$1.79 in FY 2022) Full year 2023 results: EPS: US$2.57 (up from US$1.79 in FY 2022). Revenue: US$1.19b (down 8.8% from FY 2022). Net income: US$203.3m (up 44% from FY 2022). Profit margin: 17% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.4% 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 increased by 94% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 12
Final dividend of kr6.67 announced Shareholders will receive a dividend of kr6.67. Ex-date: 13th February 2024 Payment date: 21st February 2024 Dividend yield will be 61%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 33% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 3.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: US$2.58 (vs US$1.79 in FY 2022) Full year 2023 results: EPS: US$2.58 (up from US$1.79 in FY 2022). Revenue: US$1.19b (down 8.8% from FY 2022). Net income: US$203.4m (up 44% from FY 2022). Profit margin: 17% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.2% 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, earnings per share has increased by 94% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Odfjell SE Approves Dividend for Second Half 2023, Payable on 21 February 2024 Odfjell SE announced that board of directors approved dividend of USD 0.63 per share based on Second Half 2023 net adjusted results. Ex-div date is 13 February 2024, Record date is 14 February 2024 and Payment date: 21 February 2024. Announcement • Feb 06
Stolt-Nielsen Norway As acquired additional 5.3% stake in Odfjell SE (OB:ODF). Stolt-Nielsen Norway As acquired additional 5.3% stake in Odfjell SE (OB:ODF) on February 5, 2024. Stolt-Nielsen Norway acquired 3,225,000 class A shares in Odfjell SE and thereby crossed the 10% disclosure threshold. Following the acquisition, Stolt-Nielsen Norway AS holds 8,233,612 class A shares and 5,055 class B shares in Odfjell, equalling 13.6% of the class A shares and 0.0% of the class B shares in Odfjell, representing 13.6% of the votes in Odfjell.
Stolt-Nielsen Norway As completed the acquisition of additional 5.3% stake in Odfjell SE (OB:ODF) on February 5, 2024. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €12.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 514% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €10.35, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 421% over the past three years. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.64 in 3Q 2022) Third quarter 2023 results: EPS: US$0.66 (up from US$0.64 in 3Q 2022). Revenue: US$295.2m (down 16% from 3Q 2022). Net income: US$51.9m (up 3.4% from 3Q 2022). Profit margin: 18% (up from 14% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 1.6% 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 95% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Announcement • Oct 12
Web Holding Limited made an offer to acquire BW Epic Kosan Ltd. (OB:BWEK) Web Holding Limited made an offer to acquire BW Epic Kosan Ltd. (OB:BWEK) on October 9, 2023. New Risk • Oct 10
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 6.2% 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 1.9% per year for the foreseeable future. Minor Risks High level of debt (56% net debt to equity). 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 (6.2% average weekly change). Announcement • Aug 18
Odfjell SE Approves Dividend for the First Half of 2023, Payable on 29 August 2023 The Board of Directors of Odfjell SE approved a dividend payment of USD 0.62 per share based on the Company's first half 2023 adjusted financial result. Ex-div date: 21 August 2023. Record date: 22 August 2023. Payment date: 29 August 2023. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% 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 Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks High level of debt (100% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: US$299.8m (down 14% from 2Q 2022). Net income: US$52.6m (up 75% from 2Q 2022). Profit margin: 18% (up from 8.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% decline forecast for the Shipping industry in Europe. Recent Insider Transactions • May 22
Chief Executive Officer recently bought €20k worth of stock On the 16th of May, Harald Fotland bought around 3k shares on-market at roughly €8.12 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Harald's only on-market trade for the last 12 months. Announcement • May 05
Odfjell SE Announces Board Appointments Odfjell SE at its Annual General Meeting held on May 3, 2023, elected Tanja Jo Ebbe Dalgaard and Erik Nyheim as new board members for a period of two years until the Annual General Meeting in 2025. Reported Earnings • May 04
First quarter 2023 earnings released First quarter 2023 results: Revenue: US$302.9m (up 3.6% from 1Q 2022). Net income: US$46.7m (up 321% from 1Q 2022). Profit margin: 15% (up from 3.8% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is expected to fall by 1.9% p.a. on average during the next 3 years compared to a 8.0% decline forecast for the Shipping industry in Europe. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: US$1.79 (vs US$0.42 loss in FY 2021) Full year 2022 results: EPS: US$1.79 (up from US$0.42 loss in FY 2021). Revenue: US$1.31b (up 26% from FY 2021). Net income: US$141.6m (up US$174.8m from FY 2021). Profit margin: 11% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat 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 81% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
Odfjell SE Announces Dividend for the Second Half 2022, Payable on 21 February 2023 Odfjell SE's board approved dividend of USD 0.61 per share based on adjusted second half 2022 results. Ex-div date: 13 February 2023, Record date: 14 February 2023 and Payment date: 21 February 2023. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: US$1.79 (vs US$0.42 loss in FY 2021) Full year 2022 results: EPS: US$1.79 (up from US$0.42 loss in FY 2021). Revenue: US$1.31b (up 26% from FY 2021). Net income: US$141.6m (up US$174.8m from FY 2021). Profit margin: 11% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.9% 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 47% per year, which means it is significantly lagging earnings growth. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Nils Dyvik was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 17% share price gain to €7.76, 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 196% over the past three years. Reported Earnings • Nov 04
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: US$351.4m (up 36% from 3Q 2021). Net income: US$50.2m (up US$75.5m from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.9% 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 42% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 19% share price gain to €6.36, 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 141% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 18% share price gain to €6.56, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 197% over the past three years. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: US$0.38 (vs US$0.099 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.38 (up from US$0.099 loss in 2Q 2021). Revenue: US$347.9m (up 38% from 2Q 2021). Net income: US$30.0m (up US$37.8m from 2Q 2021). Profit margin: 8.6% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 2.9% while the Shipping industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: Revenue: US$292.4m (up 20% from 1Q 2021). Net income: US$11.1m (up US$26.7m from 1Q 2021). Profit margin: 3.8% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 16 May 2022. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (9.1%). Reported Earnings • Mar 30
Full year 2021 earnings released: US$0.42 loss per share (vs US$0.35 profit in FY 2020) Full year 2021 results: US$0.42 loss per share (down from US$0.35 profit in FY 2020). Revenue: US$1.04b (up 11% from FY 2020). Net loss: US$33.2m (down 219% from profit in FY 2020). Over the next year, revenue is forecast to grow 9.5%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Odfjell SE to Report Q4, 2022 Results on Feb 09, 2023 Odfjell SE announced that they will report Q4, 2022 results on Feb 09, 2023 Reported Earnings • Feb 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.42 loss per share (down from US$0.35 profit in FY 2020). Revenue: US$1.04b (up 11% from FY 2020). Net loss: US$33.2m (down 219% from profit in FY 2020). Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 5.2%, compared to a 29% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$259.1m (up 13% from 3Q 2020). Net loss: US$25.3m (down US$29.2m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: US$0.099 loss per share (vs US$0.39 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$253.1m (up 7.8% from 2Q 2020). Net loss: US$7.80m (down 125% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 16% share price gain to US$3.43, the stock trades at a trailing P/E ratio of 19.7x. Average forward P/E is 12x in the Shipping industry in Europe. Negligible returns to shareholders over past three years. Reported Earnings • May 11
First quarter 2021 earnings released: US$0.20 loss per share (vs US$0.056 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$243.2m (up 1.2% from 1Q 2020). Net loss: US$15.6m (loss widened 255% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS US$0.35 (vs US$0.47 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$939.1m (up 7.7% from FY 2019). Net income: US$27.8m (up US$64.5m from FY 2019). Profit margin: 3.0% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 20
Insider recently bought €162k worth of stock On the 19th of March, Kristian Mørch bought around 63k shares on-market at roughly €2.58 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €318k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS US$0.35 (vs US$0.47 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$939.1m (up 7.7% from FY 2019). Net income: US$27.8m (up US$64.4m from FY 2019). Profit margin: 3.0% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 2.9%. Over the next year, revenue is expected to shrink by 11% compared to a 6.2% growth forecast for the Shipping industry in Germany. Is New 90 Day High Low • Feb 08
New 90-day high: €2.81 The company is up 34% from its price of €2.10 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.87 per share. Is New 90 Day High Low • Jan 19
New 90-day high: €2.71 The company is up 35% from its price of €2.01 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.37 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €2.48 The company is up 30% from its price of €1.92 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.35 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €2.37 The company is up 23% from its price of €1.93 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.18 per share. Recent Insider Transactions • Nov 19
Independent Director recently bought €6.2k worth of stock On the 11th of November, Nils Dyvik bought around 3k shares on-market at roughly €2.29 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 18% share price gain to US$2.36, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 15x in the Shipping industry in Europe. Total return to shareholders over the past three years is a loss of 19%. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 5.2%, compared to a 3.0% growth forecast for the Shipping industry in Germany. Is New 90 Day High Low • Oct 31
New 90-day low: €1.81 The company is down 3.0% from its price of €1.87 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.99 per share. Is New 90 Day High Low • Oct 10
New 90-day high: €2.14 The company is up 11% from its price of €1.93 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.26 per share.