Buy Or Sell Opportunity • Apr 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to kr21.97. The fair value is estimated to be kr18.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to decline by 7.8% per annum. Earnings are also forecast to decline by 59% per annum over the same time period. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: US$0.54 (vs US$0.60 in FY 2024) Full year 2025 results: EPS: US$0.54 (down from US$0.60 in FY 2024). Revenue: US$517.8m (down 4.3% from FY 2024). Net income: US$237.2m (down 11% from FY 2024). Profit margin: 46% (down from 49% in FY 2024). Revenue is forecast to decline by 7.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to kr23.25. The fair value is estimated to be kr19.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to decline by 7.8% per annum. Earnings are also forecast to decline by 59% per annum over the same time period. Upcoming Dividend • Mar 13
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 20 March 2026. Payment date: 27 March 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (4.7%). Buy Or Sell Opportunity • Mar 03
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to kr22.72. The fair value is estimated to be kr18.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to decline by 8.3% per annum. Earnings are also forecast to decline by 59% per annum over the same time period. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 20th March 2026 Payment date: 27th March 2026 Dividend yield will be 8.4%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 87% over the next 3 years. Since a fall of 52% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Feb 25
Full year 2025 earnings released: EPS: US$0.53 (vs US$0.60 in FY 2024) Full year 2025 results: EPS: US$0.53 (down from US$0.60 in FY 2024). Revenue: US$517.8m (down 4.3% from FY 2024). Net income: US$237.2m (down 11% from FY 2024). Profit margin: 46% (down from 49% in FY 2024). Revenue is forecast to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to kr18.61. The fair value is estimated to be kr15.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 25%. For the next 3 years, revenue is forecast to decline by 9.4% per annum. Earnings are also forecast to decline by 47% per annum over the same time period. Duyuru • Dec 31
MPC Container Ships ASA, Annual General Meeting, May 07, 2026 MPC Container Ships ASA, Annual General Meeting, May 07, 2026. Declared Dividend • Nov 30
Third quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 11th December 2025 Payment date: 18th December 2025 Dividend yield will be 13%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 86% over the next 3 years. Since a fall of 47% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: US$0.12 (vs US$0.14 in 3Q 2024) Third quarter 2025 results: EPS: US$0.12 (down from US$0.14 in 3Q 2024). Revenue: US$125.9m (down 5.0% from 3Q 2024). Net income: US$53.5m (down 16% from 3Q 2024). Profit margin: 43% (down from 48% in 3Q 2024). Revenue is forecast to decline by 9.7% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Nov 27
MPC Container Ships ASA Announces Cash Dividend for the Third Quarter of 2025, Payable on or About 18 December 2025 MPC Container Ships ASA announced quarterly dividend of USD 0.05 per share for the third quarter of 2025. Ex-date: 11 December 2025. Record date: 12 December 2025. Payment date: 18 December 2025 (on or about). Date of board resolution: 26 November 2025. Upcoming Dividend • Sep 15
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 18%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (7.3%). Buy Or Sell Opportunity • Sep 10
Now 20% undervalued Over the last 90 days, the stock has risen 11% to kr18.14. The fair value is estimated to be kr22.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to decline by 15% per annum. Earnings are also forecast to decline by 57% per annum over the same time period. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: US$0.18 (vs US$0.15 in 2Q 2024) Second quarter 2025 results: EPS: US$0.18 (up from US$0.15 in 2Q 2024). Revenue: US$137.9m (up 5.3% from 2Q 2024). Net income: US$78.0m (up 20% from 2Q 2024). Profit margin: 57% (up from 50% in 2Q 2024). Revenue is expected to fall by 23% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Aug 26
MPC Container Ships ASA Declares Cash Dividend for the Second Quarter of 2025, Payable on or About September 26, 2025 MPC Container Ships ASA declared cash dividend of USD 0.05 per share for the second quarter of 2025. Ex-date: 22 September 2025. Record date: 23 September 2025. Payment date: 26 September 2025 (on or about). Buy Or Sell Opportunity • Jul 31
Now 21% undervalued Over the last 90 days, the stock has risen 22% to kr19.00. The fair value is estimated to be kr23.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to decline by 29% in 2 years. Earnings are forecast to decline by 64% in the next 2 years. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 58% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 58% per year for the foreseeable future. High level of non-cash earnings (40% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Upcoming Dividend • Jun 13
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 20 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 19%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (7.0%). Declared Dividend • May 24
First quarter dividend of US$0.08 announced Shareholders will receive a dividend of US$0.08. Ex-date: 20th June 2025 Payment date: 27th June 2025 Dividend yield will be 21%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (75% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 92% over the next 3 years. Since a fall of 17% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • May 23
First quarter 2025 earnings released: EPS: US$0.13 (vs US$0.17 in 1Q 2024) First quarter 2025 results: EPS: US$0.13 (down from US$0.17 in 1Q 2024). Revenue: US$127.1m (down 14% from 1Q 2024). Net income: US$59.7m (down 22% from 1Q 2024). Profit margin: 47% (down from 52% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 20% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Duyuru • May 22
MPC Container Ships ASA Declares Cash Dividend for the First Quarter 2025, Payable on or About 27 June 2025 MPC Container Ships ASA declared cash dividend for first quarter 2025. Dividend amount: USD 0.08 per share. Last day including right: 19 June 2025; Ex-date: 20 June 2025; Record date: 23 June 2025; Payment date: 27 June 2025 (on or about); Date of board resolution: 21 May 2025. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr17.12, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr30.41 per share. Reported Earnings • Apr 13
Full year 2024 earnings released: EPS: US$0.60 (vs US$0.73 in FY 2023) Full year 2024 results: EPS: US$0.60 (down from US$0.73 in FY 2023). Revenue: US$540.9m (down 24% from FY 2023). Net income: US$266.7m (down 18% from FY 2023). Profit margin: 49% (up from 46% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 19% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr13.76, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Shipping industry in Europe. Total returns to shareholders of 35% over the past three years. Declared Dividend • Feb 27
Fourth quarter dividend of US$0.09 announced Shareholders will receive a dividend of US$0.09. Ex-date: 20th March 2025 Payment date: 27th March 2025 Dividend yield will be 20%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 93% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Feb 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 58% per year for the foreseeable future. High level of non-cash earnings (39% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: US$0.60 (vs US$0.73 in FY 2023) Full year 2024 results: EPS: US$0.60 (down from US$0.73 in FY 2023). Revenue: US$540.9m (down 24% from FY 2023). Net income: US$266.7m (down 18% from FY 2023). Profit margin: 49% (up from 46% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 18% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Duyuru • Dec 13
MPC Container Ships ASA Announces Board Changes The Board of Directors of MPC Container Ships ASA has received a letter from Dr. Axel Schroeder, informing them of his intention to resign from his position as a member of the Company's Board of Directors. Simultaneously, MPC Capital AG has today notified the Company's Board of Directors of its decision to exercise its right to appoint Mr. Petros Panagiotidis to the Company's Board of Directors, in accordance with § 6 of the Company's Articles of Association. Declared Dividend • Nov 28
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 12th December 2024 Payment date: 19th December 2024 Dividend yield will be 18%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (151% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 59% over the next 2 years. Since a fall of 6.3% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Nov 27
Third quarter 2024 earnings released: EPS: US$0.14 (vs US$0.15 in 3Q 2023) Third quarter 2024 results: EPS: US$0.14 (down from US$0.15 in 3Q 2023). Revenue: US$132.5m (down 28% from 3Q 2023). Net income: US$63.7m (down 6.6% from 3Q 2023). Profit margin: 48% (up from 37% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 13% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. Duyuru • Nov 26
MPC Container Ships ASA Declares Cash Dividend for the Third Quarter of 2024, Payable on or About December 19, 2024 MPC Container Ships ASA declared cash dividend for the third quarter of 2024 of USD 0.10 per share. Ex-date is December 12, 2024. Record date is December 13, 2024. Payment date is December 19, 2024 (on or about). Date of board resolution: November 25, 2024. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 103% Earnings are forecast to decline by an average of 33% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (40% net profit margin). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr26.63, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 274% over the past three years. Duyuru • Nov 05
MPC Container Ships ASA, Annual General Meeting, May 08, 2025 MPC Container Ships ASA, Annual General Meeting, May 08, 2025. Upcoming Dividend • Sep 13
Upcoming dividend of US$0.10 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 24 September 2024. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 19%. Within top quartile of British dividend payers (5.4%). Higher than average of industry peers (6.0%). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: US$0.15 (vs US$0.23 in 2Q 2023) Second quarter 2024 results: EPS: US$0.15 (down from US$0.23 in 2Q 2023). Revenue: US$130.9m (down 33% from 2Q 2023). Net income: US$64.8m (down 36% from 2Q 2023). Profit margin: 50% (down from 52% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Aug 28
MPC Container Ships ASA Revises Earnings Guidance for the Year 2024 MPC Container Ships ASA revised earnings guidance for the year 2024. The financial guidance for 2024 increased to operating revenues in the range of USD 510 million to USD 520 million (previous: USD 475 million to USD 490 million). Declared Dividend • Jun 03
First quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 20th June 2024 Payment date: 27th June 2024 Dividend yield will be 20%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is not adequately covered by earnings (90.1% earnings payout ratio) nor is it covered by cash flows (116% cash payout ratio). The dividend has increased by an average of 14% per year over the past 2 years. However, payments have been volatile during that time. Earnings per share is expected to decline by 94% over the next 3 years. This means the payout ratio would increase to a potentially unsustainable range and the dividend may be at risk. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: US$0.17 (vs US$0.27 in 1Q 2023) First quarter 2024 results: EPS: US$0.17 (down from US$0.27 in 1Q 2023). Revenue: US$147.5m (down 18% from 1Q 2023). Net income: US$76.4m (down 36% from 1Q 2023). Profit margin: 52% (down from 66% in 1Q 2023). Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • May 29
MPC Container Ships ASA Declares Cash Dividend for the First Quarter of 2024, Payable on or About June 27, 2024 MPC Container Ships ASA declared cash dividend for the first quarter of 2024 of USD 0.13 per share. Ex-date: June 20, 2024. Record date: June 21, 2024. Payment date: June 27, 2024 (on or about). Date of board resolution: May 27, 2024. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to kr16.30, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 196% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr26.39 per share. New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 89% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (109% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (46% net profit margin). Upcoming Dividend • Mar 12
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 26 March 2024. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 45%. Within top quartile of British dividend payers (6.1%). Higher than average of industry peers (17%). Declared Dividend • Mar 04
Dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 19th March 2024 Payment date: 26th March 2024 Dividend yield will be 36%, which is higher than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (109% cash payout ratio). The dividend has increased by an average of 14% per year over the past 2 years and payments have been stable during that time. EPS is expected to decline by 100% over the next 3 years. Since a fall of 14% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. New Risk • Feb 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 46% Last year net profit margin: 71% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 85% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (113% cash payout ratio). Profit margins are more than 30% lower than last year (46% net profit margin). Duyuru • Feb 27
MPC Container Ships ASA Declares Cash Dividend for the Fourth Quarter of 2023, Payable on or About March 26, 2024 MPC Container Ships ASA declared cash dividend for the fourth quarter of 2023 of USD 0.13 per share. Ex-date: March 19, 2024. Record date: March 20, 2024. Payment date: March 26, 2024 (on or about). Date of board resolution: February 26, 2024. Upcoming Dividend • Dec 06
Upcoming dividend of US$0.14 per share at 45% yield Eligible shareholders must have bought the stock before 13 December 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 45%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (21%). Reported Earnings • Nov 22
Third quarter 2023 earnings released: EPS: US$0.15 (vs US$0.28 in 3Q 2022) Third quarter 2023 results: EPS: US$0.15 (down from US$0.28 in 3Q 2022). Revenue: US$184.0m (up 15% from 3Q 2022). Net income: US$68.2m (down 45% from 3Q 2022). Profit margin: 37% (down from 78% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 26% p.a. on average during the next 3 years compared to a 2.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 21
MPC Container Ships ASA Announces Cash Dividend for the Third Quarter of 2023, Payable on or About December 21, 2023 MPC Container Ships ASA announced cash dividend of USD 0.14 per share for the third quarter of 2023. Ex-date: December 13, 2023. Record date: December 14, 2023. Payment date: December 21, 2023 (on or about). Duyuru • Sep 21
MPC Container Ships ASA(OB:MPCC) dropped from Oslo OBX Total Return Index MPC Container Ships ASA has been removed from Oslo OBX Index . Duyuru • Aug 24
MPC Container Ships ASA Revises Earnings Guidance for the Full Year 2023 MPC Container Ships ASA Revised earnings guidance for the full year 2023. For the year, the company expects revenue to the range of USD 675 million to USD 690 million. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: US$0.23 (vs US$0.20 in 2Q 2022) Second quarter 2023 results: EPS: US$0.23 (up from US$0.20 in 2Q 2022). Revenue: US$194.4m (up 28% from 2Q 2022). Net income: US$101.4m (up 13% from 2Q 2022). Profit margin: 52% (down from 59% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 23% p.a. on average during the next 3 years compared to a 6.2% decline forecast for the Shipping industry in Europe. Recent Insider Transactions • Jul 20
Director recently sold kr1.2m worth of stock On the 18th of July, Axel Schroeder sold around 65k shares on-market at roughly kr18.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr576k more than they sold in the last 12 months. Duyuru • Jun 16
MPC Container Ships ASA Revises Earnings Guidance for the Fiscal 2023 MPC Container Ships ASA revised earnings guidance for the fiscal 2023. The company raised its financial guidance for fiscal 2023 to operating revenues of $650 million - $670 million (old: $610 million - $630 million) and EBITDA of $450 million- $475 million (old: $420 million - $450 million). Upcoming Dividend • Jun 14
Upcoming dividend of US$0.15 per share at 28% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 29 June 2023. Payout ratio and cash payout ratio are on the higher end at 77% and 90% respectively. Trailing yield: 28%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (18%). Reported Earnings • May 24
First quarter 2023 earnings released: EPS: US$0.27 (vs US$0.26 in 1Q 2022) First quarter 2023 results: EPS: US$0.27 (up from US$0.26 in 1Q 2022). Revenue: US$180.1m (up 26% from 1Q 2022). Net income: US$119.6m (up 2.5% from 1Q 2022). Profit margin: 66% (down from 82% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 23% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Shipping industry in Europe. Duyuru • May 23
MPC Container Ships ASA Announces Distribution, Payable on or About June 29, 2023 MPC Container Ships ASA announced that the cash distribution will be made as two separate payments: USD 0.12 per share will be distributed from previously paid-in share premium and USD 0.03 per share will be distributed from retained earnings. Declared currency: USD. The distribution will be made in NOK. Last day including right: June 20, 2023; Ex-date: June 21, 2023; Record date: June 22, 2023; Payment date: June 29, 2023 (on or about) and Date of board resolution: May 22, 2023. Buying Opportunity • Mar 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be kr20.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 18% per annum. Earnings is also forecast to decline by 47% per annum over the same time period. Upcoming Dividend • Mar 16
Upcoming dividend of US$0.15 per share at 32% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 30 March 2023. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 32%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (14%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$0.98 (vs US$0.46 in FY 2021) Full year 2022 results: EPS: US$0.98 (up from US$0.46 in FY 2021). Revenue: US$616.8m (up 60% from FY 2021). Net income: US$434.8m (up 129% from FY 2021). Profit margin: 71% (up from 49% in FY 2021). The increase in margin was primarily driven by higher revenue. Revenue is expected to fall by 18% p.a. on average during the next 3 years compared to a 10% decline forecast for the Shipping industry in Europe. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.07 per share at 17% yield Eligible shareholders must have bought the stock before 20 February 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 17%. Within top quartile of British dividend payers (5.5%). Higher than average of industry peers (14%). Duyuru • Feb 01
MPC Container Ships ASA Announces Distribution Payable on February 28, 2023 MPC Container Ships ASA announced distribution will be made from previously paid-in share premium transferred from the Company's share premium account. Distribution amount: USD 0.07 per share. Ex-date: February 20, 2023.Record date: February 21, 2023. Payment date: February 28, 2023 (on or about). Date of board resolution: January 30, 2023. Upcoming Dividend • Dec 13
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 20 December 2022. Payment date: 23 December 2022. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 15%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (12%). Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.11 in 3Q 2021) Third quarter 2022 results: EPS: US$0.28 (up from US$0.11 in 3Q 2021). Revenue: US$160.1m (up 35% from 3Q 2021). Net income: US$124.4m (up 168% from 3Q 2021). Profit margin: 78% (up from 39% in 3Q 2021). Revenue is expected to fall by 6.2% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Peter Frederiksen was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 21
Chairman of the Board of Directors recently bought kr1.0m worth of stock On the 19th of September, Ulf Holländer bought around 53k shares on-market at roughly kr19.02 per share. This transaction increased Ulf's direct individual holding by 4x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr9.4m. This was Ulf's only on-market trade for the last 12 months. Upcoming Dividend • Sep 15
Upcoming dividend of US$0.19 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 39% and the cash payout ratio is 93%. Trailing yield: 14%. Within top quartile of British dividend payers (5.6%). Higher than average of industry peers (12%). Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: US$0.20 (vs US$0.03 in 2Q 2021) Second quarter 2022 results: EPS: US$0.20 (up from US$0.03 in 2Q 2021). Revenue: US$151.7m (up 120% from 2Q 2021). Net income: US$90.1m (up US$78.1m from 2Q 2021). Profit margin: 59% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22% while the Shipping industry in the United Kingdom is not expected to grow. Recent Insider Transactions • Jul 07
Director recently bought kr2.5m worth of stock On the 6th of July, Axel Schroeder bought around 130k shares on-market at roughly kr18.91 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr2.6m more in shares than they have sold in the last 12 months. Upcoming Dividend • Jun 16
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 49% and the cash payout ratio is 85%. Trailing yield: 14%. Within top quartile of British dividend payers (5.0%). Higher than average of industry peers (11%). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr22.73, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 29% over the past year. Reported Earnings • May 20
First quarter 2022 earnings released: EPS: US$0.26 (vs US$0.01 in 1Q 2021) First quarter 2022 results: EPS: US$0.26 (up from US$0.01 in 1Q 2021). Revenue: US$142.9m (up 161% from 1Q 2021). Net income: US$116.7m (up US$113.2m from 1Q 2021). Profit margin: 82% (up from 6.3% in 1Q 2021). Over the next year, revenue is forecast to grow 39%, compared to a 5.3% growth forecast for the industry in the United Kingdom. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Ellen Hanetho was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.