DSV, De Sammensluttede Vognmand af 13-7 1976 A/S

DSV is engaged in the provision of transport and logistics solutions. As of Dec 31 2014, Co.'s operations comprised of three business areas. The DSV Air and Sea business provides air and sea freight services and designs project solutions. The DSV Road business provides road and rail transport services including full loads, part loads and groupage. The DSV Solutions business area specializes in contract logistics, which include logistic and warehousing solutions, as well as freight management, custom clearance, order management and e-commerce solutions.
  • TickerDSV
  • ISINDK0060079531
  • ExchangeNasdaq Nordic Copenhagen
  • SectorIndustrial Transportation
  • CountryDenmark

Analysts

1 director sold

A director at DSV sold 32,720 shares at 520.280DKK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members a...

Michael Field

Morningstar | Narrow-Moat DSV Provides the Goods in 3Q

Narrow-moat DSV delivered yet another strong update, with underlying revenue growth of more than 7% and adjusted EBIT margins hitting new highs of 7.4%. However, given that these were baked into our forecasts for the full year, we do not expect to make any material changes to our near-term forecasts on the back of this update. We reiterate our DKK 440 fair value estimate and believe the shares remain moderately overvalued, even after the material share price fall since September. Volume growth across the business continued to outpace the market, with 4% growth in sea and road freight, while a...

Michael Field

Narrow-Moat DSV Provides the Goods in 3Q

Narrow-moat DSV delivered yet another strong update, with underlying revenue growth of more than 7% and adjusted EBIT margins hitting new highs of 7.4%. However, given that these were baked into our forecasts for the full year, we do not expect to make any material changes to our near-term forecasts on the back of this update. We reiterate our DKK 440 fair value estimate and believe the shares remain moderately overvalued, even after the material share price fall since September. Volume growth a...

Michael Field

Morningstar | Narrow-Moat DSV Provides the Goods in 3Q

Narrow-moat DSV delivered yet another strong update, with underlying revenue growth of more than 7% and adjusted EBIT margins hitting new highs of 7.4%. However, given that these were baked into our forecasts for the full year, we do not expect to make any material changes to our near-term forecasts on the back of this update. We reiterate our DKK 440 fair value estimate and believe the shares remain moderately overvalued, even after the material share price fall since September. Volume growth across the business continued to outpace the market, with 4% growth in sea and road freight, while a...

Michael Field

Narrow-Moat DSV Provides the Goods in 3Q

Narrow-moat DSV delivered yet another strong update, with underlying revenue growth of more than 7% and adjusted EBIT margins hitting new highs of 7.4%. However, given that these were baked into our forecasts for the full year, we do not expect to make any material changes to our near-term forecasts on the back of this update. We reiterate our DKK 440 fair value estimate and believe the shares remain moderately overvalued, even after the material share price fall since September. Volume growth a...

Michael Field

Morningstar | We increase our fair value estimate to DKK 440 and maintain our outlook for narrow-moat DSV.

Following its acquisition of UTi Worldwide, DSV A/S is now the fourth-largest third-party logistics provider, or 3PL, globally, with a 3% market share in a highly fragmented market. Unlike peer Kuehne + Nagel, which has been in the industry for more than 125 years, DSV has accumulated its market share primarily through a series of strategic acquisitions over the past 30 years, which it has successfully integrated into its own operations.The company boasts healthy operating margins in its airfreight and sea freight businesses, averaging more than 7% over the past 10 years. However, DSV’s more c...

Michael Field

We increase our fair value estimate to DKK 440 and maintain our outlook for narrow-moat DSV.

Narrow-moat DSV delivered a strong set of first-half results. Volume growth remained robust over the period, in line with our forecasts; however, operating margins continued to tick up, with the group EBIT margin touching 6.9% over the period, running ahead of our full-year expectations as the company focuses on profitable growth rather than chasing volumes. Management also upgraded its full-year guidance for operating profit. As such, we may make modest revisions to our short-term forecasts, bu...

Michael Field

Morningstar | DSV Updated Star Rating from 01 Aug 2018

Narrow-moat DSV delivered a strong set of first-half results. Volume growth remained robust over the period, in line with our forecasts; however, operating margins continued to tick up, with the group EBIT margin touching 6.9% over the period, running ahead of our full-year expectations as the company focuses on profitable growth rather than chasing volumes. Management also upgraded its full-year guidance for operating profit. As such, we may make modest revisions to our short-term forecasts, but we do not expect these changes to materially affect our DKK 403 fair value estimate. We believe th...

1 director sold

A director at DSV sold 32,720 shares at 520.280DKK and the significance rating of the trade was 71/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members a...

DSV A/S sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of DSV A/S (DK), active in the Delivery Services industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 16, 2018, the closing price was DKK 547.20 and its target price was estimated at DKK 512.32.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Proxy Report - 08/03/2018

In general, DSV is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 7.2, the board of directors seeks authorisation to issue shares. The authority requested is limited to 20% of the Company's share capital and thereby substantially exceeds ECGS' guidelines. ECGS recommends to vote OPPOSE. There are no further peculiarities.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Emerging Markets breakdown, avoid; MSCI ACWI falls below 200-day moving average; Be selective in Japan Global markets have deteriorated considerably since we published our June International Macro Vision last week. The MSCI EM index has decisively broken down below the 60,000 major support level we identified, which coincided with a breakdown in relative strength. We're cutting EM to underweight and recommend reducing exposure. Additionally, the MSCI ACWI ETF has broken below its 200-day MA, leading us to believe additional consolidation is likely. ACWI long-term breadth as measured by the pe...

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