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

Nicolay Dyvik

2020 installations up 50%

The latest data from DNV GL indicates an interest to book scrubbers for installation also beyond 2019, as June additions added 50% to 2020 installations and brought the end-2020 total to above 3,500 units. Orders are closing in on our estimates for tankers and dry bulk, but the uptake in containers since our November forecasts has been more than twice our expectations, leading to 23% of HFO demand currently being covered after IMO 2020.

Joachim Gunell ...
  • Jørgen Lian
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK9500.00) - Rates set to rise in H2

We reiterate our BUY while we have trimmed our target price to DKK9,500 (9,600). We expect a weak H1 but a strong H2 as we see 4% of the container fleet out of service for IMO preparations, in turn lifting container rates into H2 2019e and 2020e when we see utilisation peaking ahead of a decline in 2021e.

Michael Field

Morningstar | Maersk Sails Through the Squall in 1Q

No-moat Maersk delivered a reasonable 1Q trading update, with revenue up 2.5% year over year and a strong improvement on an operating income and cash flow basis. The commentary over the trading environment was quite negative, however, with a weaker macroeconomic environment being blamed for the reduced volumes seen on the Asia-North America route. While warning of the potential effects of this and new tariffs on global container volumes, management have maintained their full-year guidance. We do not expect to make any material changes to our forecasts following this update and reiterate our DK...

Michael Field

Maersk Sails Through the Squall in 1Q

No-moat Maersk delivered a reasonable 1Q trading update, with revenue up 2.5% year over year and a strong improvement on an operating income and cash flow basis. The commentary over the trading environment was quite negative, however, with a weaker macroeconomic environment being blamed for the reduced volumes seen on the Asia-North America route. While warning of the potential effects of this and new tariffs on global container volumes, management have maintained their full-year guidance. We do...

Nicolay Dyvik

2020 installations up 50%

The latest data from DNV GL indicates an interest to book scrubbers for installation also beyond 2019, as June additions added 50% to 2020 installations and brought the end-2020 total to above 3,500 units. Orders are closing in on our estimates for tankers and dry bulk, but the uptake in containers since our November forecasts has been more than twice our expectations, leading to 23% of HFO demand currently being covered after IMO 2020.

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK9500.00) - Rates set to rise in H2

We reiterate our BUY while we have trimmed our target price to DKK9,500 (9,600). We expect a weak H1 but a strong H2 as we see 4% of the container fleet out of service for IMO preparations, in turn lifting container rates into H2 2019e and 2020e when we see utilisation peaking ahead of a decline in 2021e.

Michael Field

Morningstar | Maersk Sails Through the Squall in 1Q

No-moat Maersk delivered a reasonable 1Q trading update, with revenue up 2.5% year over year and a strong improvement on an operating income and cash flow basis. The commentary over the trading environment was quite negative, however, with a weaker macroeconomic environment being blamed for the reduced volumes seen on the Asia-North America route. While warning of the potential effects of this and new tariffs on global container volumes, management have maintained their full-year guidance. We do not expect to make any material changes to our forecasts following this update and reiterate our DK...

Michael Field

Maersk Sails Through the Squall in 1Q

No-moat Maersk delivered a reasonable 1Q trading update, with revenue up 2.5% year over year and a strong improvement on an operating income and cash flow basis. The commentary over the trading environment was quite negative, however, with a weaker macroeconomic environment being blamed for the reduced volumes seen on the Asia-North America route. While warning of the potential effects of this and new tariffs on global container volumes, management have maintained their full-year guidance. We do...

Nicolay Dyvik

A. P. Møller Mærsk (Buy, TP: DKK9600.00) - Still below consensus, but less so

We are 3% below consensus EBITDA (up from 8% below since our preview on 12 April) ahead of Q1 results due on 24 May at 08.00 CET. We forecast a USD174m loss in Q1 while consensus is a USD11m gain. We and consensus are above guidance for 2019e, which could be too optimistic if the trade war continues as observed Xeneta rates, net of bunkers, are down 10% since year-end and YTD rates are down 4% YOY. We reiterate our BUY and DKK9,600 target price.

Joachim Gunell ...
  • Jørgen Lian
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn

Northern Lights

Alexander Aukner ...
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling

Northern Lights

Eivind Sars Veddeng ...
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

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

A P MOLLER - MAERSK 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 A P MOLLER - MAERSK A/S (DK), active in the Marine Transportation industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered 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 May 14, 2019, the closing price was DKK 7,878.00 and its target price was estimated at DKK 6,790.94.

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...

MarketLine Department

Nippon Yusen Kabushiki Kaisha - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Nippon Yusen Kabushiki Kaisha Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Nippon Yusen Kabushiki Kaisha since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its co...

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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch