OB:MPCC

Stock Analysis Report

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MPC Container Ships

Executive Summary

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


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has MPC Container Ships's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.0%

MPCC

2.1%

NO Shipping

-1.6%

NO Market


1 Year Return

-86.2%

MPCC

-15.9%

NO Shipping

-8.6%

NO Market

Return vs Industry: MPCC underperformed the Norwegian Shipping industry which returned -15.9% over the past year.

Return vs Market: MPCC underperformed the Norwegian Market which returned -8.6% over the past year.


Shareholder returns

MPCCIndustryMarket
7 Day-1.0%2.1%-1.6%
30 Day4.4%7.4%0.5%
90 Day1.1%11.6%1.7%
1 Year-74.2%-86.2%-8.5%-15.9%-5.5%-8.6%
3 Year-89.2%-94.2%-29.2%-40.4%0.08%-10.8%
5 Yearn/a-13.8%-23.8%43.8%14.7%

Price Volatility Vs. Market

How volatile is MPC Container Ships's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MPC Container Ships undervalued compared to its fair value and its price relative to the market?

0.072x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MPCC (NOK2.83) is trading above our estimate of fair value (NOK2.28)

Significantly Below Fair Value: MPCC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MPCC is unprofitable, so we can't compare its PE Ratio to the NO 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 good value based on its PB Ratio (0.1x) compared to the NO Shipping industry average (0.6x).


Next Steps

Future Growth

How is MPC Container Ships forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

25.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPCC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MPCC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MPCC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MPCC's revenue (4.5% per year) is forecast to grow slower than the Norwegian market (5.5% per year).

High Growth Revenue: MPCC's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPCC is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

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

-192.6%

Last years 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: Insufficient data to determine if MPCC's year-on-year earnings growth rate was positive over the past 5 years.

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 (-13.1%).


Return on Equity

High ROE: MPCC has a negative Return on Equity (-13.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is MPC Container Ships's financial position?


Financial Position Analysis

Short Term Liabilities: MPCC's short term assets ($53.5M) exceed its short term liabilities ($34.4M).

Long Term Liabilities: MPCC's short term assets ($53.5M) do not cover its long term liabilities ($276.1M).


Debt to Equity History and Analysis

Debt Level: MPCC's debt to equity ratio (71.9%) 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: MPCC has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: Insufficient data to determine if MPCC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


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$323k

CEO Compensation


CEO

Constantin Baack

no data

Tenure

US$323,000

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 ($USD323.00K) is about average for companies of similar size in the Norwegian market ($USD376.28K).

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 substantially diluted in the past year, with total shares outstanding growing by 369.5%.


Top Shareholders

Company Information

MPC Container Ships ASA's company bio, 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: kr1.115b
  • Shares outstanding: 393.91m
  • Website: https://www.mpc-container.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MPCCOB (Oslo Bors)YesOrdinary SharesNONOKApr 2017
MPZZ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2017
MP2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2017
0A27LSE (London Stock Exchange)YesOrdinary SharesGBNOKApr 2017

Biography

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 was incorporated in 2017 and is based in Oslo, Norway.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 22:32
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.