Dampskibsselskabet Norden
Market Cap
kr.4.6b
Last Updated
2021/01/25 18:01 UTC
Data Sources
Company Financials +
Executive Summary
Dampskibsselskabet NORDEN A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 17.7% per year for the next 3 years
Snowflake Analysis
Excellent balance sheet with solid track record.
Similar Companies
Share Price & News
How has Dampskibsselskabet Norden's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DNORD is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: DNORD's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-3.0%
DNORD
-4.3%
DK Shipping
1.3%
DK Market
1 Year Return
27.5%
DNORD
37.3%
DK Shipping
26.9%
DK Market
Return vs Industry: DNORD underperformed the Danish Shipping industry which returned 38% over the past year.
Return vs Market: DNORD exceeded the Danish Market which returned 23.7% over the past year.
Shareholder returns
| DNORD | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | -4.3% | 1.3% |
| 30 Day | 3.5% | 5.4% | 3.2% |
| 90 Day | 25.7% | 34.9% | 13.1% |
| 1 Year | 31.1%27.5% | 41.0%37.3% | 29.3%26.9% |
| 3 Year | -0.7%-5.4% | 45.6%26.6% | 56.1%43.9% |
| 5 Year | 36.6%30.2% | 114.4%76.6% | 68.0%46.4% |
Long-Term Price Volatility Vs. Market
How volatile is Dampskibsselskabet Norden's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
If You Had Bought Dampskibsselskabet Norden (CPH:DNORD) Shares Five Years Ago You'd Have Earned 33% Returns2 weeks ago | Simply Wall St
Is Dampskibsselskabet Norden A/S (CPH:DNORD) Popular Amongst Institutions?4 weeks ago | Simply Wall St
Is Dampskibsselskabet Norden (CPH:DNORD) Using Too Much Debt?Valuation
Is Dampskibsselskabet Norden 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: DNORD (DKK117.4) is trading below our estimate of fair value (DKK314.13)
Significantly Below Fair Value: DNORD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DNORD is good value based on its PE Ratio (6.5x) compared to the XE Shipping industry average (21.6x).
PE vs Market: DNORD is good value based on its PE Ratio (6.5x) compared to the Danish market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: DNORD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: DNORD's PB Ratio (0.8x) is in line with the XE Shipping industry average.
Next Steps
Future Growth
How is Dampskibsselskabet Norden forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-17.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DNORD's earnings are forecast to decline over the next 3 years (-17.7% per year).
Earnings vs Market: DNORD's earnings are forecast to decline over the next 3 years (-17.7% per year).
High Growth Earnings: DNORD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DNORD's revenue is expected to decline over the next 3 years (-6.1% per year).
High Growth Revenue: DNORD's revenue is forecast to decline over the next 3 years (-6.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DNORD's Return on Equity is forecast to be low in 3 years time (7.8%).
Next Steps
Past Performance
How has Dampskibsselskabet Norden performed over the past 5 years?
77.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DNORD has high quality earnings.
Growing Profit Margin: DNORD's current net profit margins (4.5%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: DNORD has become profitable over the past 5 years, growing earnings by 77% per year.
Accelerating Growth: DNORD's earnings growth over the past year (1751.9%) exceeds its 5-year average (77% per year).
Earnings vs Industry: DNORD earnings growth over the past year (1751.9%) exceeded the Shipping industry 18%.
Return on Equity
High ROE: DNORD's Return on Equity (12.8%) is considered low.
Next Steps
Financial Health
How is Dampskibsselskabet Norden's financial position?
Financial Position Analysis
Short Term Liabilities: DNORD's short term assets ($669.7M) exceed its short term liabilities ($465.9M).
Long Term Liabilities: DNORD's short term assets ($669.7M) exceed its long term liabilities ($514.5M).
Debt to Equity History and Analysis
Debt Level: DNORD's debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: DNORD's debt to equity ratio has increased from 22% to 35.8% over the past 5 years.
Debt Coverage: DNORD's debt is well covered by operating cash flow (143.9%).
Interest Coverage: DNORD's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Dampskibsselskabet Norden current dividend yield, its reliability and sustainability?
1.87%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DNORD's dividend (1.87%) is higher than the bottom 25% of dividend payers in the Danish market (0.95%).
High Dividend: DNORD's dividend (1.87%) is low compared to the top 25% of dividend payers in the Danish market (3.39%).
Stability and Growth of Payments
Stable Dividend: DNORD's dividend payments have been volatile in the past 10 years.
Growing Dividend: DNORD's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.7%), DNORD's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DNORD's dividends in 3 years are forecast to be well covered by earnings (46.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Jan Rindbo (46 yo)
5.75yrs
Tenure
US$1,687,000
Compensation
Mr. Jan Rindbo has been the Chief Executive Officer of Dampskibsselskabet Norden A/S since May 2015. Mr. Rindbo served as the Managing Director of IHC & IHX at Pacific Basin Shipping Ltd. until November 7,...
CEO Compensation Analysis
Compensation vs Market: Jan's total compensation ($USD0.00) is below average for companies of similar size in the Danish market ($USD1.18M).
Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman & MD | 6yrs | US$183.00k | 0.0045% $ 207.0k | |
| Chief Executive Officer | 5.75yrs | US$1.69m | 0.048% $ 2.2m | |
| Chief Financial Officer | 5.42yrs | US$913.00k | 0.011% $ 514.6k | |
| MD & Director | 12.75yrs | US$99.00k | 0.0053% $ 243.7k | |
| Head of Supramax South Atlantic & Employee Representative Director | 2.75yrs | US$46.00k | 0.0013% $ 57.4k | |
| Head of Marine Payroll | no data | US$46.00k | 0.0019% $ 88.1k | |
| Head of Operations | no data | no data | no data | |
| Head of the Legal Department and Vice President | no data | no data | no data | |
| Head of Communications | no data | no data | no data | |
| Head of People | 2yrs | no data | no data | |
| Head of Tanker Operator | no data | no data | no data | |
| Head of IT & Director | 10yrs | no data | no data |
5.6yrs
Average Tenure
49.5yo
Average Age
Experienced Management: DNORD's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman & MD | 6yrs | US$183.00k | 0.0045% $ 207.0k | |
| MD & Director | 12.75yrs | US$99.00k | 0.0053% $ 243.7k | |
| Head of Supramax South Atlantic & Employee Representative Director | 2.75yrs | US$46.00k | 0.0013% $ 57.4k | |
| Chief Engineer & Alternate Director | 2.75yrs | no data | no data | |
| Chief Officer | 2.75yrs | no data | no data | |
| Independent Director | 3.75yrs | US$84.00k | no data | |
| Vice Chairman | 4yrs | US$103.00k | 0.0013% $ 60.6k | |
| Alternate Director | 2.75yrs | no data | no data | |
| Independent Director | 2.08yrs | US$61.00k | 0.0021% $ 97.3k | |
| Independent Director | 2.08yrs | US$72.00k | no data |
2.8yrs
Average Tenure
55.5yo
Average Age
Experienced Board: DNORD's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dampskibsselskabet Norden A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dampskibsselskabet Norden A/S
- Ticker: DNORD
- Exchange: CPSE
- Founded: 1871
- Industry: Marine
- Sector: Transportation
- Market Cap: kr.4.590b
- Shares outstanding: 37.69m
- Website: https://www.ds-norden.com
Number of Employees
Location
- Dampskibsselskabet Norden A/S
- 52, Strandvejen
- Hellerup
- Capital Region of Denmark
- 2900
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DPBS.F | OTCPK (Pink Sheets LLC) | Yes | Share Capital | US | USD | Jan 1992 |
| DNORD | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Share Capital | DK | DKK | Jan 1992 |
| 0HDP | LSE (London Stock Exchange) | Yes | Share Capital | GB | DKK | Jan 1992 |
| D69 | DB (Deutsche Boerse AG) | Yes | Share Capital | DE | EUR | Jan 1992 |
| DNORDC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | DKK | Jan 1992 |
Biography
Dampskibsselskabet NORDEN A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. The company operates in three segments: Dry Owner, Dry Operator, and Tankers. The Dry Owner segm...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 18:01 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.