CPSE:DFDS

Stock Analysis Report

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Executive Summary

DFDS A/S provides ferry shipping services and transport solutions in Europe and Turkey. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has DFDS's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DFDS is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 4% a week.

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


Market Performance


7 Day Return

-3.6%

DFDS

-4.3%

DK Shipping

1.3%

DK Market


1 Year Return

-6.1%

DFDS

37.3%

DK Shipping

26.9%

DK Market

Return vs Industry: DFDS underperformed the Danish Shipping industry which returned 38% over the past year.

Return vs Market: DFDS underperformed the Danish Market which returned 23.7% over the past year.


Shareholder returns

DFDSIndustryMarket
7 Day-3.6%-4.3%1.3%
30 Day-1.0%5.4%3.2%
90 Day11.5%34.9%13.1%
1 Year-6.1%-6.1%41.0%37.3%29.3%26.9%
3 Year-24.6%-26.5%45.6%26.6%56.1%43.9%
5 Year18.5%9.9%114.4%76.6%68.0%46.4%

Long-Term Price Volatility Vs. Market

How volatile is DFDS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is DFDS undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DFDS (DKK263) is trading below our estimate of fair value (DKK1282.69)

Significantly Below Fair Value: DFDS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DFDS is poor value based on its PE Ratio (33.2x) compared to the XE Shipping industry average (21.6x).

PE vs Market: DFDS is poor value based on its PE Ratio (33.2x) compared to the Danish market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: DFDS is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: DFDS is overvalued based on its PB Ratio (1.4x) compared to the XE Shipping industry average (0.8x).


Next Steps

Future Growth

How is DFDS forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

61.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DFDS's forecast earnings growth (61.9% per year) is above the savings rate (0.2%).

Earnings vs Market: DFDS's earnings (61.9% per year) are forecast to grow faster than the Danish market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DFDS's revenue (8.7% per year) is forecast to grow faster than the Danish market (6.6% per year).

High Growth Revenue: DFDS's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DFDS's Return on Equity is forecast to be low in 3 years time (12.2%).


Next Steps

Past Performance

How has DFDS performed over the past 5 years?

-1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DFDS has high quality earnings.

Growing Profit Margin: DFDS's current net profit margins (3.2%) are lower than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: DFDS's earnings have declined by 1.3% per year over the past 5 years.

Accelerating Growth: DFDS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DFDS had negative earnings growth (-72.4%) over the past year, making it difficult to compare to the Shipping industry average (18%).


Return on Equity

High ROE: DFDS's Return on Equity (4.4%) is considered low.


Next Steps

Financial Health

How is DFDS's financial position?


Financial Position Analysis

Short Term Liabilities: DFDS's short term assets (DKK4.1B) exceed its short term liabilities (DKK4.0B).

Long Term Liabilities: DFDS's short term assets (DKK4.1B) do not cover its long term liabilities (DKK12.2B).


Debt to Equity History and Analysis

Debt Level: DFDS's debt to equity ratio (90%) is considered high.

Reducing Debt: DFDS's debt to equity ratio has increased from 45.2% to 90% over the past 5 years.

Debt Coverage: DFDS's debt is well covered by operating cash flow (26.4%).

Interest Coverage: DFDS's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is DFDS current dividend yield, its reliability and sustainability?

1.55%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DFDS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DFDS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DFDS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DFDS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DFDS is not paying a notable dividend for the Danish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DFDS's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Torben Carlsen (55 yo)

1.75yrs

Tenure

kr.13,691,000

Compensation

Mr. Torben Carlsen, MBA has been Chief Executive Officer of DFDS A/S since April 2019 and serves as its Member of Executive Board and serves as its President since May 01, 2019. Mr. Carlsen served as the C...


CEO Compensation Analysis

Compensation vs Market: Torben's total compensation ($USD2.23M) is above average for companies of similar size in the Danish market ($USD1.61M).

Compensation vs Earnings: Insufficient data to compare Torben's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Torben Carlsen
President1.75yrskr.13.69m0.22%
DKK 32.5m
Karina Deacon
Executive VP1yrno data0.0025%
DKK 381.0k
Rune Keldsen
Executive VP and CTO of IT & Digital Division1yrno datano data
Søren Nielsen
Director of IR & Corporate Planningno datano datano data
Anne-Christine Ahrenkiel
Executive VP & Chief People Officer1.17yrsno datano data
Peder Pedersen
Executive Vice President of Ferry Divisionno datano datano data
Eddie Green
Head of Cold Chain Logistics Businessno datano datano data
Niklas Andersson
Executive VP & Head of Logistics Divisionno datano datano data
Helle Jensen
Secretaryno datano datano data
Björn Petrusson
Sales Director of Freightno datano datano data

1.1yrs

Average Tenure

52.5yo

Average Age

Experienced Management: DFDS's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dirk Reich
Director1.5yrsno datano data
Klaus Nyborg
Deputy Chairman2.83yrsno datano data
Jill Melby
Director19.75yrsno data0.0083%
DKK 1.2m
Jens Knudsen
Staff Representative Director9.75yrsno data0.00023%
DKK 34.5k
Claus Michael Hemmingsen
Chairman3.83yrsno data0.0058%
DKK 874.5k
Tony Smidt
Alternate Director6.83yrsno datano data
Lars Skjold-Hansen
Staff Representative Director7.83yrsno data0.000050%
DKK 7.5k
Henrik Mikkelsen
Alternate Director6.83yrsno datano data
Jeppe Pedersen
Alternate Director6.83yrsno datano data
Marianne Steensen
Director3.83yrsno data0.0032%
DKK 477.0k
Anders Götzsche
Director2.83yrsno data0.0023%
DKK 340.5k
Jesper Nielsen
Staff Representative Director2.83yrsno data0.000050%
DKK 7.5k

5.3yrs

Average Tenure

56yo

Average Age

Experienced Board: DFDS's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DFDS A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DFDS A/S
  • Ticker: DFDS
  • Exchange: CPSE
  • Founded: 1866
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr.15.001b
  • Shares outstanding: 57.21m
  • Website: https://www.dfds.com

Number of Employees


Location

  • DFDS A/S
  • Sundkrogsgade 11
  • Copenhagen
  • Capital Region of Denmark
  • 2100
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DFDD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
DFDSCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary SharesDKDKKJan 1992
0RB3LSE (London Stock Exchange)YesOrdinary SharesGBDKKJan 1992
DFDSCBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBDKKJan 1992
29KDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

DFDS A/S provides ferry shipping services and transport solutions in Europe and Turkey. The company operates through Ferry and Logistics divisions. The Ferry division operates ferry routes in and around Eu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 18:10
End of Day Share Price2021/01/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.