CPSE:MAERSK B

Stock Analysis Report

Executive Summary

A.P. Møller - Mærsk A/S operates as an integrated transport and logistics company worldwide.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has A.P. Møller - Mærsk's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.4%

MAERSK B

4.2%

DK Shipping

0.3%

DK Market


1 Year Return

6.3%

MAERSK B

18.3%

DK Shipping

16.3%

DK Market

Return vs Industry: MAERSK B underperformed the Danish Shipping industry which returned 18.3% over the past year.

Return vs Market: MAERSK B underperformed the Danish Market which returned 16.3% over the past year.


Shareholder returns

MAERSK BIndustryMarket
7 Day5.4%4.2%0.3%
30 Day9.4%4.6%-0.6%
90 Day7.8%12.9%1.3%
1 Year24.0%6.3%28.2%18.3%19.8%16.3%
3 Year-2.5%-18.8%25.6%9.5%37.1%25.7%
5 Year-13.0%-38.6%10.3%-17.0%73.4%48.6%

Price Volatility Vs. Market

How volatile is A.P. Møller - Mærsk's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is A.P. Møller - Mærsk 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: MAERSK B (DKK8458) is trading below our estimate of fair value (DKK19426.44)

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


Price To Earnings Ratio

PE vs Industry: MAERSK B is poor value based on its PE Ratio (124.8x) compared to the Shipping industry average (11.1x).

PE vs Market: MAERSK B is poor value based on its PE Ratio (124.8x) compared to the Danish market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: MAERSK B is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: MAERSK B is overvalued based on its PB Ratio (0.9x) compared to the XE Shipping industry average (0.7x).


Next Steps

Future Growth

How is A.P. Møller - Mærsk forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

35.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAERSK B's forecast earnings growth (35.8% per year) is above the savings rate (0.2%).

Earnings vs Market: MAERSK B's earnings (35.8% per year) are forecast to grow faster than the Danish market (11.9% per year).

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

Revenue vs Market: MAERSK B's revenue (4.7% per year) is forecast to grow slower than the Danish market (6.7% per year).

High Growth Revenue: MAERSK B's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAERSK B's Return on Equity is forecast to be low in 3 years time (5.1%).


Next Steps

Past Performance

How has A.P. Møller - Mærsk performed over the past 5 years?

-51.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MAERSK B's earnings have declined by -51.2% per year over the past 5 years.

Accelerating Growth: MAERSK B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MAERSK B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (-12.5%).


Return on Equity

High ROE: MAERSK B's Return on Equity (0.9%) is considered low.


Return on Assets

ROA vs Industry: MAERSK B's Return on Assets is below or equal to the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: MAERSK B's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is A.P. Møller - Mærsk's financial position?


Financial Position Analysis

Short Term Liabilities: MAERSK B's short term assets ($11.6B) exceeds its short term liabilities ($10.3B)

Long Term Liabilities: MAERSK B's short term assets (11.6B) do not cover its long term liabilities (17.3B)


Debt to Equity History and Analysis

Debt Level: MAERSK B's debt to equity ratio (31.8%) is considered satisfactory

Reducing Debt: MAERSK B's debt to equity ratio has increased from 28.6% to 31.8% over the past 5 years.

Debt Coverage: MAERSK B's debt is well covered by operating cash flow (61.4%).

Interest Coverage: MAERSK B's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet

Inventory Level: MAERSK B has a high level of physical assets or inventory.

Debt Coverage by Assets: MAERSK B's debt is covered by short term assets (assets are 1.3x debt).


Next Steps

Dividend

What is A.P. Møller - Mærsk's current dividend yield, its reliability and sustainability?

1.83%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.7%markettop25%5.2%industryaverage2.5%forecastin3Years2.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MAERSK B's dividend (1.83%) is higher than the bottom 25% of dividend payers in the Danish market (1.69%).

High Dividend: MAERSK B's dividend (1.83%) is low compared to the top 25% of dividend payers in the Danish market (5.19%).

Stable Dividend: MAERSK B's dividend payments have been volatile in the past 10 years.

Growing Dividend: MAERSK B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (227.9%), MAERSK B's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MAERSK B's dividends in 3 years are forecast to be well covered by earnings (35.7% payout ratio).


Next Steps

Management

What is the CEO of A.P. Møller - Mærsk's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Soren Skou (55yo)

3.3yrs

Tenure

0

Mr. Soren Skou is Director at Nokia Corporation since May 21, 2019. He has been the Chief Executive Officer at Mærsk A/S since 2012. Mr. Skou has been the Chief Executive Officer and Member of Executive Bo ...


Management Age and Tenure

1.3yrs

Average Tenure

52yo

Average Age

Experienced Management: MAERSK B's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.6yrs

Average Tenure

53yo

Average Age

Experienced Board: MAERSK B's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Lars-Erik Brenøe (58yo)

    Executive Vice President

    • Tenure: 0yrs
  • Soren Skou (55yo)

    CEO, CEO of Transport & Logistics Division and Member of Management Board

    • Tenure: 3.3yrs
  • Morten Engelstoft (52yo)

    Executive VP

    • Tenure: 1.8yrs
  • Stig Frederiksen

    Head of Investor Relations

    • Tenure: 0yrs
  • Vincent Clerc (47yo)

    Chief Commercial Officer

    • Tenure: 2.8yrs
  • Søren Toft (45yo)

    COO, Executive VP & Member of Management Board

    • Tenure: 1.8yrs
  • Ulf Hahnemann

    Chief Human Resources Officer

    • Tenure: 0.6yrs
  • Caroline Pontoppidan (54yo)

    General Counsel & Head of Corporate Affairs

    • Tenure: 0.6yrs
  • Carolina Happe (47yo)

    EVP, CFO & Member of Management Board

    • Tenure: 0.8yrs
  • Adam Banks

    Chief Technology & Information Officer

    • Tenure: 0.6yrs

Board Members

  • Arne Karlsson (61yo)

    Independent Director

    • Tenure: 9.8yrs
  • Niels Christiansen (53yo)

    Independent Director

    • Tenure: 5.6yrs
  • Ane Mærsk Uggla (71yo)

    Vice Chairman

    • Tenure: 0yrs
  • Jim Snabe (54yo)

    Independent Chairman

    • Tenure: 2.6yrs
  • Bernard Bot (53yo)

    Director

    • Tenure: 0.5yrs
  • Robert Uggla (41yo)

    Non-Independent Director

    • Tenure: 5.6yrs
  • Jacob Sterling (44yo)

    Director

    • Tenure: 1.5yrs
  • Marc Engel (53yo)

    Director

    • Tenure: 0.5yrs
  • Dorothee Blessing (52yo)

    Independent Director

    • Tenure: 5.6yrs
  • Thomas Madsen (47yo)

    Director

    • Tenure: 1.5yrs

Company Information

A.P. Møller - Mærsk A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: A.P. Møller - Mærsk A/S
  • Ticker: MAERSK B
  • Exchange: CPSE
  • Founded: 1904
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: ø165.966b
  • Shares outstanding: 20.26m
  • Website: https://www.maersk.com

Number of Employees


Location

  • A.P. Møller - Mærsk A/S
  • Esplanaden 50
  • Copenhagen K
  • Copenhagen
  • 1098
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMKB.FOTCPK (Pink Sheets LLC)YesClass B Shares DKK 1,000USUSDJan 1992
MAERSKB NBMV (Bolsa Mexicana de Valores)YesClass B Shares DKK 1,000MXMXNJan 1992
MAERSK ACPSE (OMX Nordic Exchange Copenhagen)Class A Shares DKK 1,000DKDKKJan 1992
DP4BDB (Deutsche Boerse AG)YesClass B Shares DKK 1,000DEEURJan 1992
0O77LSE (London Stock Exchange)YesClass B Shares DKK 1,000GBDKKJan 1992
AMKA.FOTCPK (Pink Sheets LLC)Class A Shares DKK 1,000USUSDJan 1992
MAERSK BCPSE (OMX Nordic Exchange Copenhagen)YesClass B Shares DKK 1,000DKDKKJan 1992
MAERBCBATS-CHIXE (BATS 'Chi-X Europe')YesClass B Shares DKK 1,000GBDKKJan 1992
MAERACBATS-CHIXE (BATS 'Chi-X Europe')Class A Shares DKK 1,000GBDKKJan 1992
DP4ADB (Deutsche Boerse AG)Class A Shares DKK 1,000DEEURJan 1992
0O76LSE (London Stock Exchange)Class A Shares DKK 1,000GBDKKJan 1992
MRSKWBAG (Wiener Boerse AG)YesClass B Shares DKK 1,000ATEURJan 1992
AMKB.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDNov 2011

Biography

A.P. Møller - Mærsk A/S operates as an integrated transport and logistics company worldwide. The company’s Ocean segment engages in container shipping activities, including demurrage and detention, termina ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:40
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.