CPSE:MAERSK B

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


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

Stable Share Price: MAERSK B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

15.6%

MAERSK B

10.0%

DK Shipping

12.2%

DK Market


1 Year Return

-33.6%

MAERSK B

-10.1%

DK Shipping

1.7%

DK Market

Return vs Industry: MAERSK B underperformed the Danish Shipping industry which returned -8.7% over the past year.

Return vs Market: MAERSK B underperformed the Danish Market which returned -0.6% over the past year.


Shareholder returns

MAERSK BIndustryMarket
7 Day15.6%10.0%12.2%
30 Day-14.1%-12.4%-6.8%
90 Day-39.4%-28.5%-9.2%
1 Year-20.2%-33.6%-1.1%-10.1%4.8%1.7%
3 Year-38.0%-49.2%-10.8%-22.7%35.2%23.7%
5 Year-49.4%-60.6%-29.3%-43.5%28.4%11.9%

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

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 (DKK5818) is trading below our estimate of fair value (DKK19126.26)

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 (37.8x) compared to the Shipping industry average (14.7x).

PE vs Market: MAERSK B is poor value based on its PE Ratio (37.8x) compared to the Danish market (12x).


Price to Earnings Growth Ratio

PEG Ratio: MAERSK B is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: MAERSK B is overvalued based on its PB Ratio (0.6x) compared to the XE Shipping industry average (0.6x).


Next Steps

Future Growth

How is A.P. Møller - Mærsk forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

35.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAERSK B's forecast earnings growth (35.9% per year) is above the savings rate (-0.3%).

Earnings vs Market: MAERSK B's earnings (35.9% per year) are forecast to grow faster than the Danish market (12% per year).

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

Revenue vs Market: MAERSK B's revenue (3.4% per year) is forecast to grow slower than the Danish market (6% per year).

High Growth Revenue: MAERSK B's revenue (3.4% 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 (4.1%).


Next Steps

Past Performance

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

-36.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAERSK B has high quality earnings.

Growing Profit Margin: MAERSK B became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MAERSK B's earnings have declined by -36.6% 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 (-19.7%).


Return on Equity

High ROE: MAERSK B's Return on Equity (1.8%) is considered low.


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 ($11.7B) exceed its short term liabilities ($9.8B).

Long Term Liabilities: MAERSK B's short term assets ($11.7B) do not cover its long term liabilities ($16.7B).


Debt to Equity History and Analysis

Debt Level: MAERSK B's debt to equity ratio (28.4%) is considered satisfactory.

Reducing Debt: MAERSK B's debt to equity ratio has increased from 25.2% to 28.4% over the past 5 years.

Debt Coverage: MAERSK B's debt is well covered by operating cash flow (67.8%).

Interest Coverage: MAERSK B's interest payments on its debt are not well covered by EBIT (2x 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 1.4x debt).


Next Steps

Dividend

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

2.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAERSK B's dividend (2.55%) is higher than the bottom 25% of dividend payers in the Danish market (1.77%).

High Dividend: MAERSK B's dividend (2.55%) is low compared to the top 25% of dividend payers in the Danish market (5.63%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (96.4%), 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 (40.6% payout ratio).


Next Steps

Management

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

1.6yrs

Average management tenure


CEO

Søren Skou (55yo)

3.67s

Tenure

Mr. Søren Skou is a 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  ...


Leadership Team

NamePositionTenureCompensationOwnership
Søren Skou
CEO, CEO of Transport & Logistics Division3.67yrsno datano data
Morten Engelstoft
Executive VP2.25yrsno datano data
Vincent Clerc
Chief Commercial Officer3.17yrsno datano data
Henriette Thygesen
Member of Management Board & CEO of Svitzer0.25yrno datano data
Navneet Kapoor
Chief Technology & Information Officerno datano datano data
Stig Frederiksen
Head of Investor Relationsno datano datano data
Caroline Pontoppidan
General Counsel & Head of Corporate Affairs1yrno datano data
Ulf Hahnemann
Chief Human Resources Officer1yrno datano data
Lars-Erik Brenøe
Executive Vice Presidentno datano datano data
Louise Munter
Head of Corporate Communication - Energy divisionno datano datano data

1.6yrs

Average Tenure

53yo

Average Age

Experienced Management: MAERSK B's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Arne Karlsson
Independent Director10.17yrsno datano data
Niels Christiansen
Independent Director6yrsno datano data
Ane Mærsk Uggla
Vice Chairmanno datano datano data
Jim Snabe
Independent Chairman3yrsno datano data
Bernard Bot
Independent Director0.92yrno datano data
Robert Uggla
Non-Independent Director6yrsno datano data
Jacob Sterling
Director1.92yrsno datano data
J. W. Engel
Independent Director0.92yrno datano data
Dorothee Blessing
Independent Director6yrsno datano data
Thomas Madsen
Director1.92yrsno datano data

3.0yrs

Average Tenure

53yo

Average Age

Experienced Board: MAERSK B's board of directors are considered experienced (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

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: ø111.333b
  • Shares outstanding: 19.86m
  • Website: https://www.maersk.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMKB.FOTCPK (Pink Sheets LLC)YesClass B Shares DKK 1,000USUSDJan 1992
MAERSK BCPSE (OMX Nordic Exchange Copenhagen)YesClass B Shares DKK 1,000DKDKKJan 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
DP4BXTRA (XETRA Trading Platform)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
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
MAERSKB NBMV (Bolsa Mexicana de Valores)YesClass B Shares DKK 1,000MXMXNJan 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, terminal handling, documentation services, container services, and container storage, as well as transhipment services under Maersk Line, Safmarine, Sealand – A Maersk Company, Hamburg Süd, and APM Terminal brands. Its Logistics and Services segment offers freight forwarding, supply chain management, inland haulage, and other logistics services under Damco, Maersk Line, Safmarine, and Sealand – A Maersk Company brands; and export finance, and post-shipment and import finance solutions, as well as operates cargo aircraft. The company’s Terminals and Towage segment is involved in Gateway terminal activities, and towage and related marine activities under APM Terminals and Svitzer brands. Its Manufacturing & Others segment engages in the production of reefer and dry containers; trading and sale of bunker oil; bulk and tanker activity; and provision of training services to the maritime, oil and gas, offshore wind, and crane industries. A.P. Møller - Mærsk A/S was founded in 1904 and is based in Copenhagen, Denmark. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 20:51
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
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.