Financials AP Moller Maersk

Equities

MAERSK B

DK0010244508

Marine Freight & Logistics

Market Closed - Nasdaq Copenhagen 10:59:49 2024-06-07 am EDT 5-day change 1st Jan Change
12,175 DKK +1.37% Intraday chart for AP Moller Maersk -2.33% +0.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,033 41,980 64,215 39,319 28,541 27,351 - -
Enterprise Value (EV) 1 39,695 51,212 62,685 26,687 23,883 24,923 27,189 28,082
P/E ratio -360 x 15.5 x 3.81 x 1.41 x 7.92 x 16.1 x -84.5 x 23 x
Yield 1.53% 2.45% 10.7% 27.7% 4.12% 0.46% 0.26% 1.88%
Capitalization / Revenue 0.72 x 1.06 x 1.04 x 0.48 x 0.56 x 0.53 x 0.56 x 0.53 x
EV / Revenue 1.02 x 1.29 x 1.01 x 0.33 x 0.47 x 0.49 x 0.56 x 0.55 x
EV / EBITDA 6.95 x 6.23 x 2.61 x 0.72 x 2.49 x 3.14 x 5.15 x 4.11 x
EV / FCF 7.87 x 7.53 x 3.29 x 0.88 x 3.98 x -19.4 x -18.2 x -19 x
FCF Yield 12.7% 13.3% 30.4% 114% 25.1% -5.14% -5.48% -5.25%
Price to Book 1.08 x 1.48 x 1.5 x 0.64 x 0.56 x 0.54 x 0.55 x 0.54 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 1,764 1,764 1,764
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 51,173 48,733 51,168
EBITDA 1 5,712 8,226 24,036 36,813 9,591 7,929 5,275 6,832
EBIT 1 1,725 4,186 19,674 30,860 3,934 2,190 -442.3 664.8
Operating Margin 4.44% 10.53% 31.84% 37.85% 7.7% 4.28% -0.91% 1.3%
Earnings before Tax (EBT) 1 967 3,307 18,730 30,231 4,362 2,617 -433.9 1,167
Net income 1 -84 2,850 17,942 29,198 3,822 1,803 -380.9 1,186
Net margin -0.22% 7.17% 29.04% 35.81% 7.48% 3.52% -0.78% 2.32%
EPS 2 -4.000 145.0 938.0 1,595 227.0 109.3 -20.86 76.79
Free Cash Flow 1 5,045 6,804 19,046 30,313 5,997 -1,282 -1,490 -1,475
FCF margin 12.97% 17.12% 30.83% 37.18% 11.74% -2.51% -3.06% -2.88%
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 8.180 4.589 33.21
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 13,021 13,339 12,147 11,166 11,508
EBITDA 1 7,990 9,084 10,327 10,862 6,540 3,969 2,905 1,878 839 1,590 2,326 2,572 1,334 677.8 759
EBIT 1 6,634 7,273 8,988 9,477 5,122 2,326 1,607 538 -537 177 534.8 1,092 118.8 -601 -707
Operating Margin 35.85% 37.7% 41.52% 41.63% 28.74% 16.37% 12.37% 4.44% -4.57% 1.43% 4.11% 8.19% 0.98% -5.38% -6.14%
Earnings before Tax (EBT) 1 6,291 6,979 8,785 9,174 5,293 2,516 1,591 691 -436 328 1,114 1,236 -435.8 -468.8 -445.9
Net income 1 6,094 6,776 8,593 8,879 4,950 2,284 1,453 521 -436 177 960.7 1,145 -389.4 -239.1 -179.1
Net margin 32.93% 35.12% 39.69% 39% 27.78% 16.08% 11.19% 4.3% -3.71% 1.43% 7.38% 8.59% -3.21% -2.14% -1.56%
EPS 2 323.0 363.0 464.0 487.0 277.0 131.0 85.00 31.00 -27.00 11.00 55.38 65.74 -11.92 -24.83 -31.71
Dividend per Share 2 384.2 - - - 623.0 - - - 74.00 - - - 12.26 - -
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 - - - - - 730
Net Cash position 1 - - 1,530 12,632 4,658 2,428 162 -
Leverage (Debt/EBITDA) 2.042 x 1.122 x - - - - - 0.1069 x
Free Cash Flow 1 5,045 6,804 19,046 30,313 5,997 -1,282 -1,490 -1,475
ROE (net income / shareholders' equity) 1.67% 9.84% 48.6% 53.8% 6.48% 4.23% -0.26% 2.09%
ROA (Net income/ Total Assets) 0.9% 5.11% 28.2% 35.2% 4.35% 2.88% -2.57% -1.67%
Assets 1 -9,298 55,762 63,708 82,976 87,890 62,687 14,847 -71,076
Book Value Per Share 2 1,338 1,521 2,379 3,506 3,207 3,269 3,222 3,276
Cash Flow per Share 2 288.0 399.0 1,151 1,883 572.0 461.0 397.0 455.0
Capex 1 2,035 1,322 2,976 4,163 3,646 4,533 4,574 4,709
Capex / Sales 5.23% 3.33% 4.82% 5.11% 7.14% 8.86% 9.39% 9.2%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
18
Last Close Price
1,764 USD
Average target price
1,770 USD
Spread / Average Target
+0.38%
Consensus
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