AP MOLLER MAERSK |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9,553 DKK | -1.13% |
|
-1.96% | -20.87% |
| 11:47am | MOLLER-MAERSK : Goldman Sachs reiterates its Neutral rating | ZD |
| May. 02 | AP MOLLER-MAERSK : Low-end of the 2024 guidance revised upwards |  |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,033 | 41,980 | 64,215 | 39,319 | 28,541 | 21,647 | - | - |
| Enterprise Value (EV) 1 | 39,695 | 51,212 | 62,685 | 26,687 | 23,883 | 19,090 | 22,497 | 22,930 |
| P/E ratio | -360 x | 15.5 x | 3.81 x | 1.41 x | 7.92 x | -114 x | -34.1 x | 31.5 x |
| Yield | 1.53% | 2.45% | 10.7% | 27.7% | 4.12% | 0.32% | 0.61% | 2.32% |
| Capitalization / Revenue | 0.72 x | 1.06 x | 1.04 x | 0.48 x | 0.56 x | 0.44 x | 0.45 x | 0.42 x |
| EV / Revenue | 1.02 x | 1.29 x | 1.01 x | 0.33 x | 0.47 x | 0.39 x | 0.46 x | 0.45 x |
| EV / EBITDA | 6.95 x | 6.23 x | 2.61 x | 0.72 x | 2.49 x | 3.36 x | 4.03 x | 3.21 x |
| EV / FCF | 7.87 x | 7.53 x | 3.29 x | 0.88 x | 3.98 x | -7.06 x | -15.8 x | -15.5 x |
| FCF Yield | 12.7% | 13.3% | 30.4% | 114% | 25.1% | -14.2% | -6.34% | -6.46% |
| Price to Book | 1.08 x | 1.48 x | 1.5 x | 0.64 x | 0.56 x | 0.42 x | 0.45 x | 0.43 x |
| Nbr of stocks (in thousands) | 20,098 | 19,408 | 18,715 | 17,649 | 16,007 | 15,768 | - | - |
| Reference price 2 | 1,441 | 2,247 | 3,572 | 2,249 | 1,798 | 1,386 | 1,386 | 1,386 |
| Announcement Date | 2/20/20 | 2/10/21 | 2/9/22 | 2/8/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 38,890 | 39,740 | 61,787 | 81,529 | 51,065 | 49,045 | 48,501 | 51,135 |
| EBITDA 1 | 5,712 | 8,226 | 24,036 | 36,813 | 9,591 | 5,680 | 5,588 | 7,142 |
| EBIT 1 | 1,725 | 4,186 | 19,674 | 30,860 | 3,934 | -1,053 | -708 | 1,015 |
| Operating Margin | 4.44% | 10.53% | 31.84% | 37.85% | 7.7% | -2.15% | -1.46% | 1.99% |
| Earnings before Tax (EBT) 1 | 967 | 3,307 | 18,730 | 30,231 | 4,362 | -1,106 | -652.5 | 1,110 |
| Net income 1 | -84 | 2,850 | 17,942 | 29,198 | 3,822 | -1,227 | -465.5 | 1,359 |
| Net margin | -0.22% | 7.17% | 29.04% | 35.81% | 7.48% | -2.5% | -0.96% | 2.66% |
| EPS 2 | -4.000 | 145.0 | 938.0 | 1,595 | 227.0 | -12.16 | -40.68 | 44.00 |
| Free Cash Flow 1 | 5,045 | 6,804 | 19,046 | 30,313 | 5,997 | -2,704 | -1,425 | -1,480 |
| FCF margin | 12.97% | 17.12% | 30.83% | 37.18% | 11.74% | -5.51% | -2.94% | -2.89% |
| FCF Conversion (EBITDA) | 88.32% | 82.71% | 79.24% | 82.34% | 62.53% | - | - | - |
| FCF Conversion (Net income) | - | 238.74% | 106.15% | 103.82% | 156.91% | - | - | - |
| Dividend per Share 2 | 22.00 | 55.00 | 381.0 | 623.0 | 74.00 | 4.383 | 8.391 | 32.14 |
| Announcement Date | 2/20/20 | 2/10/21 | 2/9/22 | 2/8/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,506 | 19,292 | 21,650 | 22,767 | 17,820 | 14,207 | 12,988 | 12,129 | 11,741 | 12,355 | 12,387 | 12,562 | 12,272 | 11,569 | 11,980 |
| EBITDA 1 | 7,990 | 9,084 | 10,327 | 10,862 | 6,540 | 3,969 | 2,905 | 1,878 | 839 | 1,590 | 1,570 | 1,478 | 1,085 | 914 | - |
| EBIT 1 | 6,634 | 7,273 | 8,988 | 9,477 | 5,122 | 2,326 | 1,607 | 538 | -537 | 177 | -142.1 | -311.9 | -592.7 | -588 | - |
| Operating Margin | 35.85% | 37.7% | 41.52% | 41.63% | 28.74% | 16.37% | 12.37% | 4.44% | -4.57% | 1.43% | -1.15% | -2.48% | -4.83% | -5.08% | - |
| Earnings before Tax (EBT) 1 | 6,291 | 6,979 | 8,785 | 9,174 | 5,293 | 2,516 | 1,591 | 691 | -436 | 328 | 24.05 | -242 | -607.7 | -757 | 278.5 |
| Net income 1 | 6,094 | 6,776 | 8,593 | 8,879 | 4,950 | 2,284 | 1,453 | 521 | -436 | 177 | 12.9 | -208.1 | -595.8 | -104.6 | 224.5 |
| Net margin | 32.93% | 35.12% | 39.69% | 39% | 27.78% | 16.08% | 11.19% | 4.3% | -3.71% | 1.43% | 0.1% | -1.66% | -4.86% | -0.9% | 1.87% |
| EPS 2 | 323.0 | 363.0 | 464.0 | 487.0 | 277.0 | 131.0 | 85.00 | 31.00 | -27.00 | 11.00 | 31.95 | 29.11 | 11.57 | -54.85 | 14.23 |
| Dividend per Share 2 | 384.2 | - | - | - | 623.0 | - | - | - | 74.00 | - | - | - | 2.500 | - | - |
| Announcement Date | 2/9/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/8/23 | 5/4/23 | 8/4/23 | 11/3/23 | 2/8/24 | 5/2/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,662 | 9,232 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 1,530 | 12,632 | 4,658 | 2,557 | 437 | 572 |
| Leverage (Debt/EBITDA) | 2.042 x | 1.122 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 5,045 | 6,804 | 19,046 | 30,313 | 5,997 | -2,705 | -1,425 | -1,480 |
| ROE (net income / shareholders' equity) | 1.67% | 9.84% | 48.6% | 53.8% | 6.48% | -2.37% | -0.66% | 2.22% |
| ROA (Net income/ Total Assets) | 0.9% | 5.11% | 28.2% | 35.2% | 4.35% | -2.7% | -1.25% | -0.57% |
| Assets 1 | -9,298 | 55,762 | 63,708 | 82,976 | 87,890 | 45,390 | 45,596 | -274,433 |
| Book Value Per Share 2 | 1,338 | 1,521 | 2,379 | 3,506 | 3,207 | 3,185 | 3,105 | 3,192 |
| Cash Flow per Share 2 | 288.0 | 399.0 | 1,151 | 1,883 | 572.0 | 440.0 | 350.0 | 440.0 |
| Capex 1 | 2,035 | 1,322 | 2,976 | 4,163 | 3,646 | 4,889 | 4,745 | 4,620 |
| Capex / Sales | 5.23% | 3.33% | 4.82% | 5.11% | 7.14% | 10% | 9.78% | 9.04% |
| Announcement Date | 2/20/20 | 2/10/21 | 2/9/22 | 2/8/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
1,386
USD
Average target price
1,609
USD
Spread / Average Target
+16.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.21% | 21.65B | |
| +12.59% | 28.39B | |
| +33.25% | 24.93B | |
| -1.97% | 12.79B | |
| +3.17% | 10.98B | |
| +5.05% | 9.54B | |
| +45.07% | 9.6B | |
| +6.24% | 9.85B | |
| +3.13% | 8B | |
| -19.05% | 7.84B |
- Stock Market
- Equities
- MAERSK B Stock
- Financials AP Moller Maersk
