DSV AS

DSV: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Maintaining DSV's Fair Value Estimate as Moat Strength Outweighs AI Concerns

Ben Slupecki

Feb 18, 2026

Business Strategy and Outlook

Following its acquisition of DB Schenker, DSV is the largest freight forwarder globally. Sea and airfreight is its largest division, contributing 55% of group revenue.

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DSV AS

Maintaining DSV's Fair Value Estimate as Moat Strength Outweighs AI Concerns

Business Strategy and Outlook

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