MAERSKB DC

A.P. Moeller - Maersk A/S

Industrial/Transportation


Presented:10/03/2019
Price:DKK7,352.00
Cap:$22.67B
Current Price:DKK10,205.00
Cap:$24.05B

Presented

Date10/03/2019
PriceDKK7,352.00
Market Cap$22.67B
Ent Value$38.80B
P/E RatioN/A
Book ValueDKK8,973.60
Div Yield1.83%
Shares O/S20.64M
Ave Daily Vol29,267
Short IntN/A

Current

PriceDKK10,205.00
Market Cap$24.05B
A.P. Møller-Mærsk A/S engages in shipping, energy, transportation, offshore drilling, and retail activities. It operates through the following segments: Ocean, Logistics & Services, Terminals & Towage and Manufacturing & Others. The Ocean segment includes global container shipping activities including strategic transhipment hubs. The Logistics & Services segment includes freight forwarding, supply chain management, inland haulage and other logistics services. The Terminals & Towage segment include gateway terminal activities, towage and related marine activities. The Manufacturing & Others segment includes production of reefer and dry containers, trading and sale of bunker oil and other businesses. The company was founded by Arnold Peter Møller and Peter Mærsk Møller on April 16, 1904 and is headquartered in Copenhagen, Denmark.

Publicly traded companies mentioned herein: AP Moller – Maersk A/S (MAERSKB DC), Sandvik AB (SAND SS)

Highlights

The presenter is long shares of Maersk (MAERSKB DC), the global shipping and logistics company. He notes that the position will succeed only if shipping growth picks up; meanwhile, the best time to own the stock is when utilization is increasing while new deliveries are decreasing. These factors may overlap over the next three years. Additionally, the company is more operationally focused than ever before, which will allow it to take price. Shares are currently trading at ~DKK7,500, which he expects to appreciate to ~DKK10,000 in the next twelve months with upside to DKK13,000 – DK14,000 if the industry sees overall improvement. He handicaps downside risk at ~DKK7000 if the improvements anticipated don’t materialize, for a healthy r/r skew.

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Idea Discussion

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