OB:MPCC

Stock Analysis Report

MPC Container Ships

Executive Summary

MPC Container Ships ASA owns and operates container ships.

Rewards

Trading at 76% below its fair value

Revenue grew by 33.9% over the past year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

Highly volatile share price over past 3 months

Less than 3 years of financial data is available

+ 1 more risk


Snowflake Analysis

Fair value with worrying balance sheet.

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

-3.1%

MPCC

0.03%

NO Shipping

0.5%

NO Market


1 Year Return

-48.6%

MPCC

-8.6%

NO Shipping

-0.5%

NO Market

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

Return vs Market: MPCC underperformed the Norwegian Market which returned -0.5% over the past year.


Shareholder returns

MPCCIndustryMarket
7 Day-3.1%0.03%0.5%
30 Day-11.9%-2.5%-0.8%
90 Day-14.4%3.7%3.4%
1 Year-48.6%-48.6%-5.6%-8.6%4.9%-0.5%
3 Yearn/a1.4%-6.2%32.7%15.8%
5 Yearn/a-1.9%-14.6%74.0%33.6%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MPCC (NOK18.5) is trading below our estimate of fair value (NOK77.08)

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 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 (0.4x) 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?

42.7%

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 (1% per year) is forecast to grow slower than the Norwegian market (4.4% per year).

High Growth Revenue: MPCC's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPCC's Return on Equity is forecast to be low in 3 years time (4.7%).


Next Steps

Past Performance

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

-2588.3%

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: Unable to establish if MPCC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 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 (-8.5%).


Return on Equity

High ROE: MPCC has a negative Return on Equity (-7.23%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is MPC Container Ships's financial position?


Financial Position Analysis

Short Term Liabilities: MPCC's short term assets ($73.6M) exceed its short term liabilities ($20.0M).

Long Term Liabilities: MPCC's short term assets ($73.6M) do not cover its long term liabilities ($270.5M).


Debt to Equity History and Analysis

Debt Level: MPCC's debt to equity ratio (64.5%) 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

Inventory Level: MPCC has a high level of physical assets or inventory.

Debt Coverage by Assets: MPCC's debt is not covered by short term assets (assets are 0.3x debt).


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 less than a year of cash runway based on its current free cash flow.

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?

5.03%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.9%industryaverage3.4%forecastin3Years5.0%

Current dividend yield vs market & industry

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

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

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

US$489k

CEO Compensation


CEO

Constantin Baack 0

0yrs

Tenure

US$489,000

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 ($USD489.00K) is about average for companies of similar size in the Norwegian market ($USD422.84K).

Compensation vs Earnings: Insufficient data to compare Constantin's compensation with company performance.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$185,21613 Jun 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,984
Max PriceUS$26.52
BuyUS$8,94015 Mar 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$29.80
BuyUS$199,15314 Mar 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,683
Max PriceUS$29.80
BuyUS$449,52014 Mar 19
Ulf Holländer
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares14,984
Max PriceUS$30.00
BuyUS$130,02013 Mar 19
Ulf Holländer
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares4,334
Max PriceUS$30.00
BuyUS$422,55011 Mar 19
Ulf Holländer
EntityIndividual
Role
Chairman of the Board
Chairman of the Board of Directors
Shares14,085
Max PriceUS$30.00
BuyUS$208,36211 Mar 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,992
Max PriceUS$29.80
BuyUS$5,15506 Mar 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares173
Max PriceUS$29.80
BuyUS$11,95005 Mar 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares401
Max PriceUS$29.80
BuyUS$303,03604 Mar 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,169
Max PriceUS$29.80
BuyUS$1,794,56821 Feb 19
Darren Maupin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares58,646
Max PriceUS$30.60
BuyUS$1,224,00028 Jan 19
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares40,000
Max PriceUS$30.60
BuyUS$75,43621 Dec 18
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,314
Max PriceUS$32.60
BuyUS$900,07220 Dec 18
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares27,686
Max PriceUS$32.51
BuyUS$90,47519 Dec 18
Tobias Junge
EntityIndividual
Shares2,750
Max PriceUS$32.90
BuyUS$565,32319 Dec 18
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares16,353
Max PriceUS$34.57
BuyUS$892,77218 Dec 18
Axel Schroeder
EntityIndividual
Role
Member of the Board of Directors
Director
Shares25,647
Max PriceUS$34.81

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.6%.


Management Team

  • Constantin Baack

    MD & CEO

    • Tenure: 0yrs
    • Compensation: US$489.00k
  • Harald Wilke

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: US$357.00k

Board Members

  • Axel Schroeder (76yo)

    Director

    • Tenure: 0yrs
  • Ulf Holländer (61yo)

    Chairman of the Board of Directors

    • Tenure: 0yrs
  • Laura Carballo

    Director

    • Tenure: 1.9yrs
  • Darren Maupin (43yo)

    Independent Director

    • Tenure: 0yrs
  • Ellen Hanetho (55yo)

    Independent Director

    • Tenure: 1.9yrs

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: kr1.548b
  • Shares outstanding: 83.90m
  • Website: https://www.mpc-container.com

Number of Employees


Location

  • MPC Container Ships ASA
  • Dronning Mauds gate 3
  • 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 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/06 21:33
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.