CPSE:DNORD

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Dampskibsselskabet Norden

Executive Summary

Dampskibsselskabet NORDEN A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. More Details


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

DNORDIndustryMarket
7 Day-3.0%-4.3%1.3%
30 Day3.5%5.4%3.2%
90 Day25.7%34.9%13.1%
1 Year31.1%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 Year36.6%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

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

NamePositionTenureCompensationOwnership
Klaus Nyborg
Independent Chairman & MD6yrsUS$183.00k0.0045%
$ 207.0k
Jan Rindbo
Chief Executive Officer5.75yrsUS$1.69m0.048%
$ 2.2m
Martin Badsted
Chief Financial Officer5.42yrsUS$913.00k0.011%
$ 514.6k
Karsten Knudsen
MD & Director12.75yrsUS$99.00k0.0053%
$ 243.7k
Jesper Svenstrup
Head of Supramax South Atlantic & Employee Representative Director2.75yrsUS$46.00k0.0013%
$ 57.4k
Susanne Fauerskov
Head of Marine Payrollno dataUS$46.00k0.0019%
$ 88.1k
Jens Jensen
Head of Operationsno datano datano data
Morten Ligaard
Head of the Legal Department and Vice Presidentno datano datano data
Anne-Louise Dam-Rasmussen
Head of Communicationsno datano datano data
Heidi Persson
Head of People2yrsno datano data
Søren Huscher
Head of Tanker Operatorno datano datano data
Sture Freudenreich
Head of IT & Director10yrsno datano 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

NamePositionTenureCompensationOwnership
Klaus Nyborg
Independent Chairman & MD6yrsUS$183.00k0.0045%
$ 207.0k
Karsten Knudsen
MD & Director12.75yrsUS$99.00k0.0053%
$ 243.7k
Jesper Svenstrup
Head of Supramax South Atlantic & Employee Representative Director2.75yrsUS$46.00k0.0013%
$ 57.4k
Jonsvein Joensen
Chief Engineer & Alternate Director2.75yrsno datano data
Milan Falsing
Chief Officer2.75yrsno datano data
Thomas Intrator
Independent Director3.75yrsUS$84.00kno data
Johanne Østergård
Vice Chairman4yrsUS$103.00k0.0013%
$ 60.6k
Kim Aarup
Alternate Director2.75yrsno datano data
Helle Kristiansen
Independent Director2.08yrsUS$61.00k0.0021%
$ 97.3k
Stephen Kunzer
Independent Director2.08yrsUS$72.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DPBS.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDJan 1992
DNORDCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
0HDPLSE (London Stock Exchange)YesShare CapitalGBDKKJan 1992
D69DB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992
DNORDCBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBDKKJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/25 18:01
End of Day Share Price2021/01/25 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.