MPC Container Ships ASA

OB:MPCC Stock Report

Market Cap: NOK 9.6b

MPC Container Ships Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: MPCC (NOK21.7) is trading below our estimate of fair value (NOK39.03)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MPCC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA1.9x
PEG Ratio-0.07x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MPCC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average5.1x
KCC Klaveness Combination Carriers
6.4x-2.2%NOK 5.9b
ODF Odfjell
5.1x5.7%NOK 12.1b
GCC Gram Car Carriers
6.1x-0.5%NOK 7.6b
WWI Wilh. Wilhelmsen Holding
3x-7.3%NOK 15.4b
MPCC MPC Container Ships
3.1x-44.3%NOK 9.6b

Price-To-Earnings vs Peers: MPCC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (5.1x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-2.7%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-2.7%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: MPCC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the European Shipping industry average (7.3x).

Price to Earnings Ratio vs Fair Ratio

What is MPCC'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.

MPCC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ratio3.2x

Price-To-Earnings vs Fair Ratio: MPCC is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (3.2x).

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 MPCC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 21.70
NOK 20.18
-7.0%
6.0%NOK 21.13NOK 18.48n/a3
Jul ’25NOK 22.03
NOK 19.49
-11.5%
11.6%NOK 21.19NOK 16.31n/a3
Jun ’25NOK 22.51
NOK 19.53
-13.2%
11.6%NOK 21.23NOK 16.33n/a3
May ’25NOK 17.92
NOK 15.15
-15.4%
5.3%NOK 16.05NOK 14.10n/a3
Apr ’25NOK 12.55
NOK 13.72
+9.4%
6.9%NOK 14.83NOK 12.52n/a3
Mar ’25NOK 13.55
NOK 13.59
+0.3%
6.4%NOK 14.64NOK 12.50n/a3
Feb ’25NOK 16.00
NOK 14.92
-6.7%
1.8%NOK 15.18NOK 14.55n/a3
Jan ’25NOK 13.33
NOK 14.75
+10.7%
0.5%NOK 14.82NOK 14.64n/a3
Dec ’24NOK 14.16
NOK 14.75
+4.1%
0.5%NOK 14.82NOK 14.64n/a3
Nov ’24NOK 15.74
NOK 19.57
+24.4%
9.0%NOK 21.96NOK 17.77n/a3
Oct ’24NOK 17.44
NOK 20.38
+16.9%
12.5%NOK 23.12NOK 17.00n/a3
Sep ’24NOK 18.40
NOK 20.92
+13.7%
13.1%NOK 23.20NOK 17.06n/a3
Aug ’24NOK 18.96
NOK 22.61
+19.3%
11.0%NOK 25.28NOK 19.28NOK 22.553
Jul ’24NOK 18.31
NOK 22.61
+23.5%
11.0%NOK 25.28NOK 19.28NOK 22.033
Jun ’24NOK 21.10
NOK 22.61
+7.2%
11.0%NOK 25.28NOK 19.28NOK 22.513
May ’24NOK 17.50
NOK 21.45
+22.6%
9.5%NOK 23.94NOK 18.96NOK 17.923
Apr ’24NOK 16.69
NOK 21.34
+27.9%
10.3%NOK 24.09NOK 18.73NOK 12.553
Mar ’24NOK 18.34
NOK 21.26
+15.9%
10.2%NOK 24.00NOK 18.67NOK 13.553
Feb ’24NOK 16.38
NOK 22.12
+35.0%
7.0%NOK 23.84NOK 20.09NOK 16.003
Jan ’24NOK 16.25
NOK 22.04
+35.6%
7.5%NOK 23.95NOK 19.92NOK 13.333
Dec ’23NOK 18.45
NOK 25.31
+37.2%
18.9%NOK 31.92NOK 20.80NOK 14.163
Nov ’23NOK 16.90
NOK 29.09
+72.2%
10.0%NOK 31.55NOK 25.02NOK 15.743
Oct ’23NOK 18.23
NOK 32.71
+79.5%
8.4%NOK 36.39NOK 29.75NOK 17.443
Sep ’23NOK 20.42
NOK 31.33
+53.4%
5.4%NOK 32.99NOK 28.99NOK 18.403
Aug ’23NOK 23.75
NOK 37.75
+59.0%
5.2%NOK 39.69NOK 35.09NOK 18.963

Analyst Forecast: Target price is lower than the current share price.

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