A. P. Moller Maersk A/S Class B
MAERSK B: XCSE (DNK)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| DKK 47,711.66 | Dvd | Fwmhjqn |
Maersk Earnings: Attractive Share Price Upside Despite Ongoing Shipping Volume Weakness in 2023
For investors wanting good news from the no-moat shipping company Maersk, the Aug. 4 second-quarter results were not it. The company downgraded it's full-year outlook for container shipping volumes to negative 3.5% on 2022 levels at the midpoint. This is downbeat, but not disastrous. At current share price levels we believe much of this negativity is already baked in and we see very attractive upside to our DKK 20,000 fair value estimate.