MPC Container Ships ASA

BATS-CHIXE:MPCCO Stock Report

Market Cap: NOK 8.4b

MPC Container Ships Valuation

Is MPCCO 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 MPCCO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NOK 85.49
Fair Value
77.2% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: MPCCO (NOK19.47) is trading below our estimate of fair value (NOK85.49)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MPCCO. This is calculated by dividing MPCCO's market cap by their current earnings.
What is MPCCO's PE Ratio?
PE Ratio3.1x
EarningsUS$240.65m
Market CapUS$753.04m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MPCCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.8x
ICGC Irish Continental Group
13.7xn/aUK£750.5m
CKN Clarkson
16.5x2.7%UK£1.4b
ZIG Zigup
7.5x5.4%UK£703.5m
OCN Ocean Wilsons Holdings
9.4x4.8%UK£463.3m
MPCCO MPC Container Ships
3.1x-34.3%NOK 8.4b

Price-To-Earnings vs Peers: MPCCO is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (11.8x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MPCCO is good value based on its Price-To-Earnings Ratio (3.1x) compared to the European Shipping industry average (7.5x).

Price to Earnings Ratio vs Fair Ratio

What is MPCCO'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.

MPCCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MPCCO'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?

The above table shows the analyst MPCCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 20.92
0%
14.1%NOK 23.99NOK 16.93n/a3
Feb ’26n/a
NOK 21.68
0%
9.7%NOK 24.02NOK 18.91n/a3
Jan ’26n/a
NOK 21.49
0%
10.1%NOK 23.95NOK 18.67n/a3
Dec ’25NOK 23.05
NOK 21.04
-8.7%
8.4%NOK 22.76NOK 18.60n/a3
Nov ’25n/a
NOK 21.38
0%
10.5%NOK 22.99NOK 18.21n/a3
Oct ’25n/a
NOK 20.51
0%
6.1%NOK 21.78NOK 18.80n/a3
Sep ’25n/a
NOK 20.64
0%
6.0%NOK 21.99NOK 18.98n/a3
Aug ’25n/a
NOK 20.30
0%
6.0%NOK 21.26NOK 18.60n/a3
Jul ’25n/a
NOK 19.49
0%
11.6%NOK 21.19NOK 16.31n/a3
Jun ’25n/a
NOK 19.53
0%
11.6%NOK 21.23NOK 16.33n/a3
May ’25n/a
NOK 15.15
0%
5.3%NOK 16.05NOK 14.10n/a3
Apr ’25n/a
NOK 13.72
0%
6.9%NOK 14.83NOK 12.52n/a3
Mar ’25NOK 13.96
NOK 13.59
-2.6%
6.4%NOK 14.64NOK 12.50n/a3
Feb ’25n/a
NOK 14.92
0%
1.8%NOK 15.18NOK 14.55n/a3
Jan ’25n/a
NOK 14.75
0%
0.5%NOK 14.82NOK 14.64n/a3
Dec ’24n/a
NOK 14.75
0%
0.5%NOK 14.82NOK 14.64NOK 23.053
Nov ’24n/a
NOK 19.57
0%
9.0%NOK 21.96NOK 17.77n/a3
Oct ’24n/a
NOK 20.38
0%
12.5%NOK 23.12NOK 17.00n/a3
Sep ’24n/a
NOK 20.92
0%
13.1%NOK 23.20NOK 17.06n/a3
Aug ’24n/a
NOK 22.61
0%
11.0%NOK 25.28NOK 19.28n/a3
Jul ’24n/a
NOK 22.61
0%
11.0%NOK 25.28NOK 19.28n/a3
Jun ’24NOK 20.89
NOK 22.61
+8.2%
11.0%NOK 25.28NOK 19.28n/a3
May ’24NOK 17.47
NOK 21.45
+22.8%
9.5%NOK 23.94NOK 18.96n/a3
Apr ’24n/a
NOK 21.34
0%
10.3%NOK 24.09NOK 18.73n/a3
Mar ’24NOK 18.00
NOK 21.26
+18.1%
10.2%NOK 24.00NOK 18.67NOK 13.963
Feb ’24NOK 15.54
NOK 22.12
+42.4%
7.0%NOK 23.84NOK 20.09n/a3
Analyst Price Target
Consensus Narrative from 3 Analysts
NOK 21.51
Fair Value
9.5% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/19 22:28
End of Day Share Price 2025/02/11 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MPC Container Ships ASA is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Donald McLeeBerenberg
Marius FurulyCarnegie Investment Bank AB
Jørgen LianDNB Markets