Morningstar

A P Moller Maersk AS Class B MAERSK B

Morningstar Rating
Unlock
Stock XCSE Rating as of
DKK 24,240.00 +880.00 (3.77%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

Raising Maersk's Fair Value Estimate on Short-Term Freight Rate Increases; Shares Overvalued

Ben Slupecki

Maersk is now a focused global shipper and logistics company after divesting its energy and drilling, banking, and towage businesses in recent years. It is investing heavily to build its logistics and solutions segment, aiming to match the core maritime shipping business in revenue in the future. The shipping business, oceans, remains the largest division, contributing 75% of group EBITDA, but capacity is not expected to expand much going forward. While volume contributes to EBITDA, freight prices have the largest impact, something Maersk has little control over, making earnings volatile.

Read Analysis

Price vs Fair Value

View History
MAERSK B is trading at a LOCK|brK&fBd premium.
Price
DKK 23,360.00
Fair Value
LOCK|#qq
Uncertainty
LOCK|L^N
1-Star Price
LOCK|xd!^
5-Star Price
LOCK|zb
Economic Moat
LOCK|Wt
Capital Allocation
LOCK|FDZ!PVX

Bulls Say, Bears Say

Bulls

The Gemini Cooperation better utilizes oceans and terminal assets via the hub-and-spoke model, improving reliability and reducing costs.

Bears

Even if the hub-and-spoke model successfully improves margins, it can be replicated, mitigating any competitive advantage.

Show More

Trading Information

Previous Close Price
DKK 23,360.00
Day Range
DKK 23,220.00–24,270.00
52-Week Range
DKK 11,840.00–24,270.00
Bid/Ask
DKK 24,200.00 / DKK 24,240.00
Shares Outstanding
14.40M
Market Cap
DKK 349.12B
Volume/Avg
11,065 / 14,721

Key Statistics

Price/Earnings (Normalized)
27.72
Price/Sales
0.96
Dividend Yield (Trailing)
2.05%
Dividend Yield (Forward)
2.05%
Dividend Payment Schedule
Mar
Total Yield
5.47%

Company Profile

Denmark-listed A.P. Moller-Maersk operates trade, shipping, logistics, and terminal assets globally. The oceans segment, the largest contributor to group revenue and earnings, has the second-largest oceangoing shipping capacity globally. Maersk has acquired several logistics firms in the past couple of years and plans to make the segment the company's growth engine. Over the past few years, Maersk has divested noncore operations, including its long-standing stakes in Danske Bank and Dansk Supermarked, as well as its oil and gas operations and ocean towing.
Sector
Industrials
Industry
Marine Shipping
Stock Style Box
Large Value
Total Number of Employees
100,000
Website
https://www.maersk.com

Competitors

Valuation

View More
Metric
MAERSK B
HLAG
DSV
Price/Earnings (Normalized)
 27.72506.3728.20
Price/Book Value
 0.941.382.20
Price/Sales
 0.961.350.95
Price/Cash Flow
 6.9212.9914.08
Price/Earnings
MAERSK B
HLAG
DSV

Financial Strength

Metric
MAERSK B
HLAG
DSV
Quick Ratio
 1.901.190.94
Current Ratio
 2.031.360.97
Interest Coverage
 21.642.103.58
Quick Ratio
MAERSK B
HLAG
DSV

Profitability

Metric
MAERSK B
HLAG
DSV
Return on Assets (Normalized)
 2.82%0.14%4.05%
Return on Equity (Normalized)
 4.46%0.23%10.17%
Return on Invested Capital (Normalized)
 3.48%0.83%6.74%
Return on Assets
MAERSK B
HLAG
DSV

Marine Shipping Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Paragon Shipping Inc
PRGNF
—LOCK|rPG—
 A P Moller Maersk AS Class B
AMKBF
—LOCK|^Kt$50B
 A P Moller Maersk AS Class A
AMKAF
—LOCK|CbF$50B
 A P Moller Maersk AS ADR
AMKBY
—LOCK|TH$50B
 COSCO SHIPPING Holdings Co Ltd ADR
CICOY
—LOCK|nVw$36B
 COSCO SHIPPING Holdings Co Ltd Class H
CICOF
—LOCK|?!&$36B
 International Container Terminal Services Inc
ICTEF
—LOCK|CZG$28B
 International Container Terminal Services Inc ADR
ICTEY
—LOCK|<%$28B
 Hapag-Lloyd AG ADR
HPGLY
—LOCK|qFl$28B
 Hapag-Lloyd AG
HLAGF
—LOCK|b&$28B

Sponsor Center