MPCC

MPC Container ShipsOB:MPCC Stock Report

Market Cap

kr11.2b

7D

-12.2%

1Y

614.3%

Updated

20 Sep, 2021

Data

Company Financials +
MPCC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MPCC Overview

MPC Container Ships ASA owns and operates a portfolio of container ships.

Price History & Performance

Summary of all time highs, changes and price drops for MPC Container Ships
Historical stock prices
Current Share Pricekr22.00
52 Week Highkr2.54
52 Week Lowkr28.50
Beta2.02
1 Month Change-10.93%
3 Month Change0.46%
1 Year Change614.29%
3 Year Change-53.39%
5 Year Changen/a
Change since IPO-54.17%

Recent News & Updates

Aug 21
Brokers Are Upgrading Their Views On MPC Container Ships ASA (OB:MPCC) With These New Forecasts

Brokers Are Upgrading Their Views On MPC Container Ships ASA (OB:MPCC) With These New Forecasts

Celebrations may be in order for MPC Container Ships ASA ( OB:MPCC ) shareholders, with the analysts delivering a...

Aug 12
Here's Why MPC Container Ships (OB:MPCC) Can Afford Some Debt

Here's Why MPC Container Ships (OB:MPCC) Can Afford Some Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

May 22
MPC Container Ships ASA Just Missed Earnings - But Analysts Have Updated Their Models

MPC Container Ships ASA Just Missed Earnings - But Analysts Have Updated Their Models

MPC Container Ships ASA ( OB:MPCC ) missed earnings with its latest quarterly results, disappointing overly-optimistic...

Shareholder Returns

MPCCNO ShippingNO Market
7D-12.2%0.9%-0.5%
1Y614.3%87.4%20.4%

Return vs Industry: MPCC exceeded the Norwegian Shipping industry which returned 87.4% over the past year.

Return vs Market: MPCC exceeded the Norwegian Market which returned 20.4% over the past year.

Price Volatility

Is MPCC's price volatile compared to industry and market?
MPCC volatility
MPCC Beta2.02
Industry Beta1.12
Market Beta1

Stable Share Price: MPCC is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: MPCC's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
201721Constantin Baackhttps://www.mpc-container.com

MPC Container Ships ASA owns and operates a portfolio of container ships. It focuses on the feeder vessels between 1,000 and 3,000 TEU. The company charters out its vessels to liner shipping companies and regional carriers.

MPC Container Ships Fundamentals Summary

How do MPC Container Ships's earnings and revenue compare to its market cap?
MPCC fundamental statistics
Market CapUS$1.29b
Earnings (TTM)-US$20.69m
Revenue (TTM)US$210.47m

5.3x

P/S Ratio

-54.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPCC income statement (TTM)
RevenueUS$210.47m
Cost of RevenueUS$143.81m
Gross ProfitUS$66.66m
ExpensesUS$87.35m
Earnings-US$20.69m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 18, 2021

Earnings per share (EPS)-0.054
Gross Margin31.67%
Net Profit Margin-9.83%
Debt/Equity Ratio64.1%

How did MPCC perform over the long term?

See historical performance and comparison

Valuation

Is MPC Container Ships 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: MPCC (NOK22) is trading below our estimate of fair value (NOK85.84)

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


Price To Earnings Ratio

PE vs Industry: MPCC is unprofitable, so we can't compare its PE Ratio to the Norwegian Shipping industry average.

PE vs Market: MPCC is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MPCC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MPCC is overvalued based on its PB Ratio (2.8x) compared to the NO Shipping industry average (1.3x).


Future Growth

How is MPC Container Ships forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

59.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPCC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: MPCC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MPCC's is expected to become profitable in the next 3 years.

Revenue vs Market: MPCC's revenue (34.4% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: MPCC's revenue (34.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPCC's Return on Equity is forecast to be very high in 3 years time (52.7%).


Past Performance

How has MPC Container Ships performed over the past 5 years?

-66.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPCC is currently unprofitable.

Growing Profit Margin: MPCC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MPCC is unprofitable, and losses have increased over the past 5 years at a rate of 66.2% per year.

Accelerating Growth: Unable to compare MPCC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MPCC is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (144.4%).


Return on Equity

High ROE: MPCC has a negative Return on Equity (-5.18%), as it is currently unprofitable.


Financial Health

How is MPC Container Ships's financial position?


Financial Position Analysis

Short Term Liabilities: MPCC's short term assets ($68.1M) do not cover its short term liabilities ($79.7M).

Long Term Liabilities: MPCC's short term assets ($68.1M) do not cover its long term liabilities ($200.4M).


Debt to Equity History and Analysis

Debt Level: MPCC's debt to equity ratio (64.1%) is considered high.

Reducing Debt: Insufficient data to determine if MPCC's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MPCC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MPCC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 87.7% per year.


Dividend

What is MPC Container Ships's current dividend yield, its reliability and sustainability?

15.58%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MPCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MPCC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MPCC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MPCC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MPCC's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

US$415k

CEO Compensation


CEO

Constantin Baack

no data

Tenure

US$415,000

Compensation

Mr. Constantin Baack has been Member of Management Board at MPC Münchmeyer Petersen Capital AG of MPC Münchmeyer Petersen & Co. GmbH since April 1, 2015. Mr. Baack serves as Member of Management Board at M...


CEO Compensation Analysis

Compensation vs Market: Constantin's total compensation ($USD415.00K) is below average for companies of similar size in the Norwegian market ($USD650.55K).

Compensation vs Earnings: Constantin's compensation has been consistent with company performance over the past year.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.6%.


Top Shareholders

Company Information

MPC Container Ships ASA's employee growth, exchange listings and data sources


Key Information

  • Name: MPC Container Ships ASA
  • Ticker: MPCC
  • Exchange: OB
  • Founded: 2017
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr11.203b
  • Shares outstanding: 443.70m
  • Website: https://www.mpc-container.com

Number of Employees


Location

  • MPC Container Ships ASA
  • Munkedamsveien 45
  • Oslo
  • Oslo
  • 250
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 16:21
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.