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MPC Container Ships

OB:MPCC
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MPCC
OB
NOK2B
Market Cap
  1. Home
  2. NO
  3. Transportation
Company description

MPC Container Ships ASA owns and operates container ships. The last earnings update was 18 days ago. More info.


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MPCC Share Price and Events
7 Day Returns
-2.6%
OB:MPCC
-1.3%
NO Shipping
-0.4%
NO Market
1 Year Returns
-52.5%
OB:MPCC
-28.4%
NO Shipping
-10.2%
NO Market
MPCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MPC Container Ships (MPCC) -2.6% -10.6% -13% -52.5% - -
NO Shipping -1.3% -10.6% -9.1% -28.4% 8.4% -42.3%
NO Market -0.4% -2% -6.5% -10.2% 34.5% 7.7%
1 Year Return vs Industry and Market
  • MPCC underperformed the Shipping industry which returned -28.4% over the past year.
  • MPCC underperformed the Market in Norway which returned -10.2% over the past year.
Price Volatility
MPCC
Industry
5yr Volatility vs Market

MPCC Value

 Is MPC Container Ships undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of MPC Container Ships to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MPC Container Ships.

OB:MPCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OB:MPCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.692 (1 + (1- 23%) (96.04%))
1.137
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.137 * 5.96%)
8.53%

Discounted Cash Flow Calculation for OB:MPCC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MPC Container Ships is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OB:MPCC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.53%)
2019 -18.00 Analyst x1 -16.58
2020 40.50 Analyst x2 34.38
2021 50.00 Analyst x2 39.11
2022 57.62 Est @ 15.23% 41.52
2023 64.07 Est @ 11.19% 42.54
2024 69.42 Est @ 8.36% 42.47
2025 73.85 Est @ 6.38% 41.63
2026 77.54 Est @ 5% 40.27
2027 80.66 Est @ 4.02% 38.60
2028 83.36 Est @ 3.35% 36.75
Present value of next 10 years cash flows $340.69
OB:MPCC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $83.36 × (1 + 1.76%) ÷ (8.53% – 1.76%)
$1,252.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,252.25 ÷ (1 + 8.53%)10
$552.12
OB:MPCC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $340.69 + $552.12
$892.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $892.81 / 84.02
$10.63
OB:MPCC Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:MPCC)
8.71
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $10.63 x 8.71
NOK92.56
Value per share (NOK) From above. NOK92.56
Current discount Discount to share price of NOK26.10
= -1 x (NOK26.10 - NOK92.56) / NOK92.56
71.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price MPC Container Ships is available for.
Intrinsic value
>50%
Share price is NOK26.1 vs Future cash flow value of NOK92.56
Current Discount Checks
For MPC Container Ships to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MPC Container Ships's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MPC Container Ships's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for MPC Container Ships's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MPC Container Ships's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:MPCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.11
OB:MPCC Share Price ** OB (2019-06-14) in NOK NOK26.1
OB:MPCC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.115 $3
Norway Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 10.07x
Norway Market PE Ratio Median Figure of 135 Publicly-Listed Companies 13.35x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of MPC Container Ships.

OB:MPCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:MPCC Share Price ÷ EPS (both in USD)

= 3 ÷ -0.11

-26.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MPC Container Ships is loss making, we can't compare its value to the NO Shipping industry average.
  • MPC Container Ships is loss making, we can't compare the value of its earnings to the Norway market.
Price based on expected Growth
Does MPC Container Ships's expected growth come at a high price?
Raw Data
OB:MPCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -26.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
64.2%per year
Norway Shipping Industry PEG Ratio Median Figure of 7 Publicly-Listed Shipping Companies 0.51x
Norway Market PEG Ratio Median Figure of 105 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for MPC Container Ships, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MPC Container Ships's assets?
Raw Data
OB:MPCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.20
OB:MPCC Share Price * OB (2019-06-14) in NOK NOK26.1
OB:MPCC Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.115 $3
Norway Shipping Industry PB Ratio Median Figure of 15 Publicly-Listed Shipping Companies 0.59x
Norway Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.08x
OB:MPCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:MPCC Share Price ÷ Book Value per Share (both in USD)

= 3 ÷ 5.20

0.58x

* Primary Listing of MPC Container Ships.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • MPC Container Ships is good value based on assets compared to the NO Shipping industry average.
X
Value checks
We assess MPC Container Ships's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. MPC Container Ships has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MPCC Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
64.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MPC Container Ships expected to grow at an attractive rate?
  • MPC Container Ships's earnings growth is expected to exceed the low risk savings rate of 1.8%.
Growth vs Market Checks
  • MPC Container Ships's earnings growth is expected to exceed the Norway market average.
  • MPC Container Ships's revenue growth is positive but not above the Norway market average.
Annual Growth Rates Comparison
Raw Data
OB:MPCC Future Growth Rates Data Sources
Data Point Source Value (per year)
OB:MPCC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 64.2%
OB:MPCC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.1%
Norway Shipping Industry Earnings Growth Rate Market Cap Weighted Average 40.8%
Norway Shipping Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Norway Market Earnings Growth Rate Market Cap Weighted Average 13.9%
Norway Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OB:MPCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:MPCC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 203 65 -1 2
2020-12-31 211 57 7 2
2019-12-31 196 28 -7 2
OB:MPCC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 202 23 -10
2018-12-31 183 29 -2
2018-09-30 144 19 1
2018-06-30 95 18 0
2018-03-31 49 10 -2
2017-12-31 21 4 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MPC Container Ships's earnings are expected to grow significantly at over 20% yearly.
  • MPC Container Ships's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:MPCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from MPC Container Ships Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:MPCC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.01 0.08 -0.11 2.00
2020-12-31 0.08 0.10 0.07 2.00
2019-12-31 -0.09 -0.08 -0.09 2.00
OB:MPCC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.11
2018-12-31 -0.02
2018-09-30 0.02
2018-06-30 0.01
2018-03-31 -0.06
2017-12-31 -0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MPC Container Ships is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MPC Container Ships's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
MPC Container Ships has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MPCC Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare MPC Container Ships's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • MPC Container Ships does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare MPC Container Ships's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MPC Container Ships's 1-year growth to the NO Shipping industry average as it is not currently profitable.
Earnings and Revenue History
MPC Container Ships's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MPC Container Ships Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:MPCC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 201.88 -9.88 9.12
2018-12-31 183.48 -1.61 8.51
2018-09-30 144.17 1.23 7.66
2018-06-30 95.36 0.34 5.03
2018-03-31 49.04 -1.85 3.34
2017-12-31 21.39 -2.64 2.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if MPC Container Ships has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • MPC Container Ships used its assets less efficiently than the NO Shipping industry average last year based on Return on Assets.
  • It is difficult to establish if MPC Container Ships improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MPC Container Ships's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
MPC Container Ships has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MPCC Health

 How is MPC Container Ships's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up MPC Container Ships's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MPC Container Ships is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MPC Container Ships's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of MPC Container Ships's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from MPC Container Ships Company Filings, last reported 2 months ago.

OB:MPCC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 446.33 241.79 33.61
2018-12-31 459.15 247.71 44.09
2018-09-30 465.88 247.54 52.70
2018-06-30 458.77 248.62 106.20
2018-03-31 415.70 199.81 67.84
2017-12-31 340.52 102.27 119.17
  • MPC Container Ships's level of debt (54.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if MPC Container Ships's debt level has increased without past 5-year debt data.
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.

  • MPC Container Ships has less than a year of cash runway based on current free cash flow.
  • MPC Container Ships has less than a year of cash runway if free cash flow continues to reduce at historical rates of -39.9% each year.
X
Financial health checks
We assess MPC Container Ships's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MPC Container Ships has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MPCC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from MPC Container Ships dividends. Estimated to be 4.81% next year.
If you bought NOK2,000 of MPC Container Ships shares you are expected to receive NOK0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate MPC Container Ships's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MPC Container Ships's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OB:MPCC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Norway Shipping Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.8%
Norway Market Average Dividend Yield Market Cap Weighted Average of 110 Stocks 4.6%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.9%
Norway Bottom 25% Dividend Yield 25th Percentile 2.6%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OB:MPCC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.36 2.00
2020-12-31 0.15 2.00
2019-12-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as MPC Container Ships has not reported any payouts.
  • Unable to verify if MPC Container Ships's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MPC Container Ships's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MPC Container Ships has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.5x coverage).
X
Income/ dividend checks
We assess MPC Container Ships's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can MPC Container Ships afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MPC Container Ships has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MPCC Management

 What is the CEO of MPC Container Ships's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Constantin Baack
COMPENSATION $489,000
CEO Bio

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. He serves as Member of Management Board for Shipping at MPC Münchmeyer Petersen Capital AG since March 31, 2018. Mr. Baack served as Chief Financial Officer of MPC Münchmeyer Petersen Capital AG from April 1, 2015 to April 1, 2018. He joined MPC Capital in April 2008 and has held various executive positions since then. He served as Managing Director of Ahrenkiel Steamship and was responsible for the consolidation of the MPC group’s shipping activities. Before joining MPC Capital he has worked for Hamburg Süd in Sydney and for the accounting firm E&Y. He serves as Managing Director and Chief Executive Officer of MPC Container Ships ASA. Mr. Baack holds a Master’s Degree in international business from the University of Sydney.

CEO Compensation
  • Insufficient data for Constantin to compare compensation growth.
  • Constantin's remuneration is about average for companies of similar size in Norway.
Management Team

Constantin Baack

TITLE
MD & CEO
COMPENSATION
$489K

Harald Wilke

TITLE
Chief Financial Officer
COMPENSATION
$357K
TENURE
0.8 yrs
Board of Directors

Ulf Holländer

TITLE
Chairman of the Board of Directors
AGE
60

Darren Maupin

TITLE
Director
AGE
42

Laura Carballo

TITLE
Director
TENURE
1.4 yrs

Ellen Hanetho

TITLE
Director
AGE
54
TENURE
1.4 yrs

Axel Schroeder

TITLE
Director
AGE
75
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by MPC Container Ships insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NOK) Value (NOK)
13. Jun 19 Buy Axel Schroeder Individual 12. Jun 19 12. Jun 19 6,984 NOK26.52 NOK185,216
15. Mar 19 Buy Axel Schroeder Individual 14. Mar 19 14. Mar 19 300 NOK29.80 NOK8,940
14. Mar 19 Buy Axel Schroeder Individual 12. Mar 19 12. Mar 19 6,683 NOK29.80 NOK199,153
11. Mar 19 Buy Axel Schroeder Individual 08. Mar 19 08. Mar 19 6,992 NOK29.80 NOK208,362
06. Mar 19 Buy Axel Schroeder Individual 05. Mar 19 05. Mar 19 173 NOK29.80 NOK5,155
05. Mar 19 Buy Axel Schroeder Individual 04. Mar 19 04. Mar 19 401 NOK29.80 NOK11,950
04. Mar 19 Buy Axel Schroeder Individual 01. Mar 19 01. Mar 19 10,169 NOK29.80 NOK303,036
28. Jan 19 Buy Axel Schroeder Individual 25. Jan 19 25. Jan 19 40,000 NOK30.60 NOK1,224,000
21. Dec 18 Buy Axel Schroeder Individual 20. Dec 18 20. Dec 18 2,314 NOK32.60 NOK75,436
20. Dec 18 Buy Axel Schroeder Individual 19. Dec 18 19. Dec 18 27,686 NOK32.51 NOK900,072
19. Dec 18 Buy Axel Schroeder Individual 18. Dec 18 18. Dec 18 16,353 NOK34.57 NOK565,323
18. Dec 18 Buy Axel Schroeder Individual 17. Dec 18 17. Dec 18 25,647 NOK34.81 NOK892,772
07. Dec 18 Buy Axel Schroeder Individual 06. Dec 18 06. Dec 18 17,955 NOK38.00 NOK682,290
06. Dec 18 Buy Axel Schroeder Individual 05. Dec 18 05. Dec 18 20,045 NOK37.54 NOK752,489
14. Mar 19 Buy Ulf Holländer Individual 13. Mar 19 13. Mar 19 14,984 NOK30.00 NOK449,520
13. Mar 19 Buy Ulf Holländer Individual 12. Mar 19 12. Mar 19 4,334 NOK30.00 NOK130,020
11. Mar 19 Buy Ulf Holländer Individual 06. Mar 19 06. Mar 19 14,085 NOK30.00 NOK422,550
21. Feb 19 Buy Darren Maupin Individual 21. Feb 19 21. Feb 19 58,646 NOK30.60 NOK1,794,568
19. Dec 18 Buy Tobias Junge Individual 19. Dec 18 19. Dec 18 2,750 NOK32.90 NOK90,475
03. Dec 18 Buy Philipp Niesing Individual 03. Dec 18 03. Dec 18 3,000 NOK39.00 NOK117,000
11. Oct 18 Buy STAR Capital Partnership LLP Company 11. Oct 18 11. Oct 18 711,500 NOK42.00 NOK29,883,001
05. Oct 18 Buy Axel Schroeder Individual 04. Oct 18 04. Oct 18 28,000 NOK45.20 NOK1,265,600
28. Sep 18 Buy Axel Schroeder Individual 27. Sep 18 27. Sep 18 32,000 NOK47.00 NOK1,504,000
10. Sep 18 Buy Axel Schroeder Individual 07. Sep 18 07. Sep 18 147,268 NOK49.40 NOK7,275,039
05. Sep 18 Buy Axel Schroeder Individual 04. Sep 18 04. Sep 18 90,286 NOK51.40 NOK4,640,701
04. Sep 18 Buy Axel Schroeder Individual 03. Sep 18 03. Sep 18 29,714 NOK50.37 NOK1,496,694
X
Management checks
We assess MPC Container Ships's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. MPC Container Ships has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MPCC News

Simply Wall St News

Did Changing Sentiment Drive MPC Container Ships's (OB:MPCC) Share Price Down A Worrying 52%?

And there's no doubt that MPC Container Ships ASA (OB:MPCC) stock has had a really bad year. … See our latest analysis for MPC Container Ships MPC Container Ships isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last twelve months, MPC Container Ships increased its revenue by 312%.

Simply Wall St -

Is MPC Container Ships ASA's (OB:MPCC) 0.04% Worse Than Average?

To keep the lesson grounded in practicality, we'll use ROE to better understand MPC Container Ships ASA (OB:MPCC). … That means that for every NOK1 worth of shareholders' equity, it generated NOK0.00039 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Confident Are Insiders About MPC Container Ships ASA (OB:MPCC)?

Delving deeper into the line items,MPC Container Ships is expected to experience an impressive double-digit top-line growth next year, which This could be anticipated by insiders given their positive signal of net buying activity. … In the past three months, MPC Container Ships’s share price reached a high of NOK56 and a low of NOK47.8. … Next Steps: MPC Container Ships’s net buying tells us the stock is in favour with some insiders, which is relatively consistent with expected earnings growth, although the share price has not moved significantly to warrant reassessment of mispricing.

Simply Wall St -

Who Are MPC Container Ships ASA's (OB:MPCC) Major Shareholders?

View our latest analysis for MPC Container Ships OB:MPCC Ownership_summary Apr 3rd 18 Institutional Ownership MPCC's 17.77% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Next Steps: MPCC's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

MPC Container Ships ASA (OB:MPCC): Is Breakeven Near?

Check out our latest analysis for MPC Container Ships According to the industry analysts covering MPCC, breakeven is near. … How fast will MPCC have to grow each year in order to reach the breakeven point by 2018? … Next Steps: This article is not intended to be a comprehensive analysis on MPCC, so if you are interested in understanding the company at a deeper level, take a look at MPCC’s company page on Simply Wall St.

Simply Wall St -

MPCC Company Info

Description

MPC Container Ships ASA owns and operates container ships. It focuses on the feeder vessels between 1,000 and 3,000 TEU. The company was founded in 2017 and is based in Oslo, Norway.

Details
Name: MPC Container Ships ASA
MPCC
Exchange: OB
Founded: 2017
NOK2,192,811,831
84,015,779
Website: http://www.mpc-container.com
Address: MPC Container Ships ASA
Dronning Mauds gate 3,
Oslo,
Oslo, 0250,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB MPCC Ordinary Shares Oslo Bors NO NOK 28. Apr 2017
OTCPK MPZZ.F Ordinary Shares Pink Sheets LLC US USD 28. Apr 2017
DB MP2 Ordinary Shares Deutsche Boerse AG DE EUR 28. Apr 2017
Number of employees
Current staff
Staff numbers
11
MPC Container Ships employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/14 22:38
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/05/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.