Dampskibsselskabet Norden A/S

BATS-CHIXE:DNORDC Stock Report

Market Cap: DKK 6.5b

Dampskibsselskabet Norden Valuation

Is DNORDC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DNORDC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DNORDC (DKK208.9) is trading below our estimate of fair value (DKK743.45)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for DNORDC?

Key metric: As DNORDC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DNORDC. This is calculated by dividing DNORDC's market cap by their current earnings.
What is DNORDC's PE Ratio?
PE Ratio5.2x
EarningsUS$176.20m
Market CapUS$917.73m

Price to Earnings Ratio vs Peers

How does DNORDC's PE Ratio compare to its peers?

The above table shows the PE ratio for DNORDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.4x
ICGC Irish Continental Group
14.9xn/aUK£776.8m
CKN Clarkson
14.4x2.5%UK£1.2b
FGP FirstGroup
9.7x9.9%UK£920.0m
ZIG Zigup
6.7x-5.7%UK£841.7m
DNORDC Dampskibsselskabet Norden
5.2xn/aDKK 6.5b

Price-To-Earnings vs Peers: DNORDC is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (11.4x).


Price to Earnings Ratio vs Industry

How does DNORDC's PE Ratio compare vs other companies in the European Shipping Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DNORDC is good value based on its Price-To-Earnings Ratio (5.2x) compared to the European Shipping industry average (7.7x).


Price to Earnings Ratio vs Fair Ratio

What is DNORDC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DNORDC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DNORDC's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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