Financials AP Moller Maersk

Equities

MAERSK B

DK0010244508

Marine Freight & Logistics

Market Closed - Nasdaq Copenhagen 10:59:35 2024-05-31 am EDT 5-day change 1st Jan Change
12,465 DKK -0.24% Intraday chart for AP Moller Maersk +3.02% +2.68%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,033 41,980 64,215 39,319 28,541 27,976 - -
Enterprise Value (EV) 1 39,695 51,212 62,685 26,687 23,883 25,193 28,096 28,700
P/E ratio -360 x 15.5 x 3.81 x 1.41 x 7.92 x 36.8 x -42.4 x 41.3 x
Yield 1.53% 2.45% 10.7% 27.7% 4.12% 0.62% 0.32% 1.34%
Capitalization / Revenue 0.72 x 1.06 x 1.04 x 0.48 x 0.56 x 0.56 x 0.58 x 0.55 x
EV / Revenue 1.02 x 1.29 x 1.01 x 0.33 x 0.47 x 0.51 x 0.58 x 0.57 x
EV / EBITDA 6.95 x 6.23 x 2.61 x 0.72 x 2.49 x 3.86 x 5.49 x 4.18 x
EV / FCF 7.87 x 7.53 x 3.29 x 0.88 x 3.98 x 93.5 x -18.9 x -19.5 x
FCF Yield 12.7% 13.3% 30.4% 114% 25.1% 1.07% -5.3% -5.14%
Price to Book 1.08 x 1.48 x 1.5 x 0.64 x 0.56 x 0.57 x 0.57 x 0.57 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 1,812 1,812 1,812
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 49,547 48,254 50,726
EBITDA 1 5,712 8,226 24,036 36,813 9,591 6,526 5,114 6,868
EBIT 1 1,725 4,186 19,674 30,860 3,934 62.98 -580.6 1,723
Operating Margin 4.44% 10.53% 31.84% 37.85% 7.7% 0.13% -1.2% 3.4%
Earnings before Tax (EBT) 1 967 3,307 18,730 30,231 4,362 994.3 -1,019 787
Net income 1 -84 2,850 17,942 29,198 3,822 735.7 -613.6 1,013
Net margin -0.22% 7.17% 29.04% 35.81% 7.48% 1.48% -1.27% 2%
EPS 2 -4.000 145.0 938.0 1,595 227.0 49.29 -42.74 43.84
Free Cash Flow 1 5,045 6,804 19,046 30,313 5,997 269.3 -1,490 -1,475
FCF margin 12.97% 17.12% 30.83% 37.18% 11.74% 0.54% -3.09% -2.91%
FCF Conversion (EBITDA) 88.32% 82.71% 79.24% 82.34% 62.53% 4.13% - -
FCF Conversion (Net income) - 238.74% 106.15% 103.82% 156.91% 36.61% - -
Dividend per Share 2 22.00 55.00 381.0 623.0 74.00 11.21 5.742 24.22
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 12,777 12,577 11,792 11,249 11,508
EBITDA 1 7,990 9,084 10,327 10,862 6,540 3,969 2,905 1,878 839 1,590 2,158 1,786 986.9 780.4 759
EBIT 1 6,634 7,273 8,988 9,477 5,122 2,326 1,607 538 -537 177 287.4 120.1 -542 -698.8 -707
Operating Margin 35.85% 37.7% 41.52% 41.63% 28.74% 16.37% 12.37% 4.44% -4.57% 1.43% 2.25% 0.95% -4.6% -6.21% -6.14%
Earnings before Tax (EBT) 1 6,291 6,979 8,785 9,174 5,293 2,516 1,591 691 -436 328 885.8 627.7 -697.7 -413.8 -445.9
Net income 1 6,094 6,776 8,593 8,879 4,950 2,284 1,453 521 -436 177 744.7 467.8 -620.4 -194.6 -179.1
Net margin 32.93% 35.12% 39.69% 39% 27.78% 16.08% 11.19% 4.3% -3.71% 1.43% 5.83% 3.72% -5.26% -1.73% -1.56%
EPS 2 323.0 363.0 464.0 487.0 277.0 131.0 85.00 31.00 -27.00 11.00 41.15 25.62 -24.82 -22.52 -31.71
Dividend per Share 2 384.2 - - - 623.0 - - - 74.00 - - - 3.081 - -
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 - - - - 120 723
Net Cash position 1 - - 1,530 12,632 4,658 2,784 - -
Leverage (Debt/EBITDA) 2.042 x 1.122 x - - - - 0.0234 x 0.1053 x
Free Cash Flow 1 5,045 6,804 19,046 30,313 5,997 269 -1,490 -1,475
ROE (net income / shareholders' equity) 1.67% 9.84% 48.6% 53.8% 6.48% 0.65% -0.74% 1.93%
ROA (Net income/ Total Assets) 0.9% 5.11% 28.2% 35.2% 4.35% -0.1% -3.28% -2.31%
Assets 1 -9,298 55,762 63,708 82,976 87,890 -735,712 18,721 -43,927
Book Value Per Share 2 1,338 1,521 2,379 3,506 3,207 3,205 3,154 3,201
Cash Flow per Share 2 288.0 399.0 1,151 1,883 572.0 421.0 358.0 440.0
Capex 1 2,035 1,322 2,976 4,163 3,646 4,518 4,573 4,707
Capex / Sales 5.23% 3.33% 4.82% 5.11% 7.14% 9.12% 9.48% 9.28%
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
19
Last Close Price
1,812 USD
Average target price
1,687 USD
Spread / Average Target
-6.90%
Consensus
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