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A. P. Moller Maersk A/S Class B MAERSK B

Morningstar Rating
DKK 9,856.00 +58.00 (0.59%)
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Company Report

Maersk Battling Through the Squall in 2023

A.P. Moller-Maersk is a Denmark-listed transport-based company. Over the last decade, the company has made material changes to its structure and focus, divesting assets in peripheral areas such as supermarkets, banks, and oil and gas. The business is now slimmed down to four divisions, Ocean, Logistics, Terminals, and Towage. The company has been aggressively expanding its logistics business in an effort to diversify away from the asset-heavy Ocean business, taking advantage of the ready-made customer base that comes with the Ocean business.

Price vs Fair Value

MAERSK B is trading at a 45% discount.
Price
DKK 9,655.99
Fair Value
DKK 48,325.00
Uncertainty
High
1-Star Price
DKK 82,462.00
5-Star Price
DKK 51,744.00
Economic Moat
Rnbh
Capital Allocation
Tmwrfxwd

Bulls Say, Bears Say

Bulls

Maersk Line remains one of the most profitable ocean carriers. Recent M&A activity in the sector, combined with alliances across the carriers, should improve rationality in the segment.

Bears

Falling consumer demand combined with falling freight rates could create the perfect storm over the next few years.

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Trading Information

Previous Close Price
DKK 9,798.00
Day Range
DKK 9,786.00–10,015.00
52-Week Range
DKK 8,412.00–14,430.00
Bid/Ask
DKK 9,886.00 / DKK 9,888.00
Market Cap
DKK 155.41 Bil
Volume/Avg
27,266 / 32,773

Key Statistics

Price/Earnings (Normalized)
2.65
Price/Sales
0.47
Dividend Yield (Trailing)
5.23%
Dividend Yield (Forward)
5.23%
Total Yield
19.12%

Company Profile

A.P. Moller-Maersk is a Denmark-listed global conglomerate involved in global trade, shipping, and energy. Maersk Line, the largest contributor to group revenue and earnings, has been the largest container shipping company globally for more than 20 years. Maersk was founded in 1904 and has since been run by the Moller-Maersk family, which currently holds slightly more than 50% of the share capital. The group has been active over the past few years in divesting noncore operations, such as its long-standing stakes in Danske Bank and Dansk Supermarked as well as its oil and gas operations.
Sector
Industrials
Industry
Marine Shipping
Stock Style Box
Large Value
Total Number of Employees
105,909

Comparables

Valuation

Metric
MAERSK B
DNORD
2020
Price/Earnings (Normalized)
2.655.0013.51
Price/Book Value
0.431.122.27
Price/Sales
0.470.374.97
Price/Cash Flow
2.901.969.28
Price/Earnings
MAERSK B
DNORD
2020

Financial Strength

Metric
MAERSK B
DNORD
2020
Quick Ratio
2.111.081.22
Current Ratio
2.501.491.49
Interest Coverage
5.108.043.37
Quick Ratio
MAERSK B
DNORD
2020

Profitability

Metric
MAERSK B
DNORD
2020
Return on Assets (Normalized)
4.62%12.78%6.87%
Return on Equity (Normalized)
6.99%25.52%16.38%
Return on Invested Capital (Normalized)
4.90%17.18%9.71%
Return on Assets
MAERSK B
DNORD
2020
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Marine Shipping Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
HLAGF
Hapag-Lloyd AG—Rfkpmyv$31.6 Bil
HPGLY
Hapag-Lloyd AG ADR—Jsphb$29.1 Bil
CICOY
COSCO SHIPPING Holdings Co Ltd ADR—Pfycl$23.5 Bil
CICOF
COSCO SHIPPING Holdings Co Ltd Class H—Chwnt$23.5 Bil
AMKBF
A. P. Moller Maersk A/S Class B—Twjswc$22.0 Bil
AMKBY
A. P. Moller Maersk A/S ADR—Hxncgp$22.0 Bil
AMKAF
A. P. Moller Maersk A/S Class A—Cvbhcd$21.8 Bil
NYUKF
Nippon Yusen Kabushiki Kaisha—Xfxmt$12.2 Bil
NPNYY
Nippon Yusen Kabushiki Kaisha ADR—Wjb$12.2 Bil
ICTEF
International Container Terminal Services Inc—Pfjfx$11.7 Bil

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