A.P. Moller-Maersk A/S Series B

A.P. Moeller Maersk is an international shipping company. Co.'s operating segments are: Container shipping and related activities which include global container services, inland transportation, manufacturing and repair of containers and container depots, and logistics and forwarding activities; APM terminals; Tankers, offshore and other shipping activities which include tanker shipping of crude oil, oil products and gas, offshore drilling activities and operation of land rigs, supply vessel activities with anchor handling and platform supply vessels, ferry services and door-to-door transportation in Northern Europe; Oil and gas activities; Retail activity; and Shipyards and other activities.
  • TickerMAERSK B
  • ISINDK0010244508
  • ExchangeNasdaq Nordic Copenhagen
  • SectorIndustrial Transportation
  • CountryDenmark

Analysts

Expert Corporate Governance Service (ECGS)

AP Moeller Maersk, April 2nd 2019

In general, A.P. Møller - Mærsk (APMM) is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting. Under ITEM C, although not legally required in Denmark, the board of directors and the executive management seek discharge. Under its guidelines, ECGS no longer approves discharge of the board of directors and/or executive management if there is no legal requirement for it. Since there is no such requirement in Denmark, ECGS recommends to OPPOSE. Under ITEM E, the board of directors seeks authorisation to repurchase own shares. As the magn...

Eivind Sars Veddeng ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK10600.00) - 2019 set to be better than 2018

Maersk’s 2019 guidance was well below consensus, and implies a poor outlook for liners over the next year, a view with which we disagree. It implies a 5% decline in rates from Q4, while we estimate a 3% improvement due to Q1e Xeneta rates up 10% QOQ and 14% YOY, limited fleet growth and IMO disruption capping effective vessel supply below our forecast for volume growth. We reiterate our BUY and have cut our target price to DKK10,600 (10,800).

Michael Field

Morningstar | Maersk Falls Over the Line in 2018

No-moat Maersk’s full-year results were a real dog’s dinner, with the sale of Maersk Oil and Maersk Tankers, the addition of Hamburg Sud, and the announced spin-off of Maersk Drilling all clouding what was an expectedly mediocre set of numbers. However, warnings around trade wars and a slowing European economy culminated in EBITDA guidance of around $5 billion for 2019. While we might adjust some our near-term forecasts, we do not expect to make material changes to our longer-term expectations. We reiterate our DKK 12,000 fair value estimate for the stock and believe that at a current P/E of l...

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK10600.00) - 2019 set to be better than 2018

Maersk’s 2019 guidance was well below consensus, and implies a poor outlook for liners over the next year, a view with which we disagree. It implies a 5% decline in rates from Q4, while we estimate a 3% improvement due to Q1e Xeneta rates up 10% QOQ and 14% YOY, limited fleet growth and IMO disruption capping effective vessel supply below our forecast for volume growth. We reiterate our BUY and have cut our target price to DKK10,600 (10,800).

Michael Field

Morningstar | Maersk Falls Over the Line in 2018

No-moat Maersk’s full-year results were a real dog’s dinner, with the sale of Maersk Oil and Maersk Tankers, the addition of Hamburg Sud, and the announced spin-off of Maersk Drilling all clouding what was an expectedly mediocre set of numbers. However, warnings around trade wars and a slowing European economy culminated in EBITDA guidance of around $5 billion for 2019. While we might adjust some our near-term forecasts, we do not expect to make material changes to our longer-term expectations. We reiterate our DKK 12,000 fair value estimate for the stock and believe that at a current P/E of l...

Michael Field

Maersk Falls Over the Line in 2018

No-moat Maersk’s full-year results were a real dog’s dinner, with the sale of Maersk Oil and Maersk Tankers, the addition of Hamburg Sud, and the announced spin-off of Maersk Drilling all clouding what was an expectedly mediocre set of numbers. However, warnings around trade wars and a slowing European economy culminated in EBITDA guidance of around $5 billion for 2019. While we might adjust some our near-term forecasts, we do not expect to make material changes to our longer-term expectations. ...

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK10800.00) - 2019 guidance in focus

We are in line with Q4 EBITDA consensus and the guidance mid-point (results due before the market opens on 21 February). All eyes are on the 2019 guidance, which could be a wide range due to market uncertainty with trade wars and IMO 2020. We have cut our 2019–2020 estimates to reflect this uncertainty, and now forecast 2019 EBITDA of USD5.3bn (consensus USD5.0bn) as Q1 freight rates look promising, up 10% QOQ net of bunkers. We reiterate our BUY and have raised our target price to DKK10,800 (10,700).

Eivind Sars Veddeng ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl

Northern Lights

Alexander Aukner ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Eivind Sars Veddeng
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Frank Maaø ...
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

A P MOLLER - MAERSK A/S sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of A P MOLLER - MAERSK A/S (DK), a company active in the Marine Transportation industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 22, 2019, the closing price was DKK 8,680.00 and its potential was estimated at DKK 10,178.25.

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...

A.P. Moller - Maersk AS (MAERSK B) - Oil & Gas - Deals and Alliances Profile

Summary A.P. Moller - Maersk A/S (APM) is a business conglomerate that carries out operations in global trade, shipping and energy. It operates through a network of tankers, supply ships, container vessels, car carriers, drilling rigs and special vessels. The company also carries out container terminal activities, inland transportation, container depots and repair of containers. APM's cargo handling services include pre-treatment of cargo, and packing and stuffing of chilled commodities. The company provides offshore drilling services and land-rig operations to oil companies. It carries out t...

Expert Corporate Governance Service (ECGS)

AP Moeller Maersk, April 2nd 2019

In general, A.P. Møller - Mærsk (APMM) is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting. Under ITEM C, although not legally required in Denmark, the board of directors and the executive management seek discharge. Under its guidelines, ECGS no longer approves discharge of the board of directors and/or executive management if there is no legal requirement for it. Since there is no such requirement in Denmark, ECGS recommends to OPPOSE. Under ITEM E, the board of directors seeks authorisation to repurchase own shares. As the magn...

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