A.P. Møller

kr 20,300As of Sun 8 Nov 2026, 12:00 UTC

CPH:MAERSK-BIndustrials

Country Denmark

PE (Fwd) •••

TSR 10Y CAGR 16.91%

Div yield 2.37%

ROE 7.59%

Marine Shipping

Beta (5Y) 0.55

PE TTM 10.68

TSR TTM 56.48%

Mkt cap kr 314.1B

ROIC 7.44%

SE Grade™

Value

Quality

Moat

Consensus

Reference

kr 24,141

18.92%

226.52%

Hold 8|10|9|12|12

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

3.591

Revenue$B

35.90

38.26

39.50

41.95

44.56

47.65

49.57

51.36

54.43

58.23

3.891

5.50%

5.22%

10.93

Revenue growth%

0.40

2.69

1.66

3.72

1.30

3.45

1.15

0.40

3.37

21.13

1.15

1.48

20.17

Gross margin%

13.92

14.95

17.93

15.97

14.43

12.17

14.69

13.20

10.80

13.63

12.47

13.20

14.17

26.13

Operating margin%

17.02

18.84

19.61

20.75

23.10

24.10

26.92

26.75

28.32

26.76

12.65

26.76

23.60

22.22

Net margin%

12.31

11.37

8.39

9.37

11.96

10.66

9.75

9.45

9.40

8.32

27.30

9.45

9.60

8.478

P/E ratio (avg)x

35.99

33.67

33.49

38.15

43.02

41.51

48.31

50.42

55.86

61.63

27.29

50.42

42.27

7.147

EV/EBITx

16.60

16.72

16.03

14.97

13.57

12.61

13.61

14.13

12.90

11.65

11.22

12.90

13.87

9.89

FCF yield (avg)%

10.48

12.73

15.57

12.86

13.52

14.59

17.06

18.68

19.63

18.73

20.65

18.68

15.08

12.65

FCF margin%

27.90

26.66

24.72

27.46

29.13

31.53

28.87

26.93

27.38

28.02

23.10

28.02

27.68

0.208

FCF / Net incomex

0.809

0.848

0.850

0.933

0.936

1.001

0.911

0.916

0.995

1.039

0.135

0.995

0.925

29.06

ROIC%

25.68

24.55

27.43

27.98

25.69

24.15

21.82

24.50

23.84

23.56

29.03

23.84

24.53

7.68

Return on equity%

12.90

12.03

11.75

12.66

13.09

15.78

17.23

14.41

11.69

9.92

19.14

14.41

12.78

13.66

Return on assets%

16.16

17.98

20.79

20.43

21.06

22.48

21.19

22.62

21.30

21.25

25.11

21.30

21.12

2,429

EPS$

1,061

1,002

1,005

989.25

942.58

970.97

940.94

942.37

1,025

983.11

2,587

0.85%

(0.21%)

—

23.37

EPS growth%

15.69

13.90

11.44

10.37

10.58

8.99

7.81

5.20

7.93

5.16

13.96

7.81

9.68

2,316

Bookvalue per sh$

1,467

1,532

1,499

1,531

1,718

1,601

1,615

1,719

1,646

1,476

893.75

(3.00%)

(0.76%)

—

2,882

FCF per share$

1,988

2,076

2,376

2,697

2,670

2,615

2,608

2,915

3,182

3,565

1,121

5.95%

7.96%

—

689.49

Dividend per sh$

2,496

2,421

2,342

2,237

2,322

2,505

2,708

2,512

2,605

2,602

1,482

2.30%

0.05%

—

3.04

Div yield (avg)%

4.20

5.08

4.93

3.88

2.92

4.31

5.88

6.43

4.49

3.08

19.32

4.49

4.40

15.54

Payout ratio%

4.32

1.58

3.61

6.59

3.68

5.38

3.76

4.09

6.66

8.20

12.75

5.38

4.20

15.61

Shares (diluted)M

18.59

20.69

21.50

23.84

21.73

22.08

21.25

20.10

19.95

20.18

15.26

(1.47%)

1.68%

9.05

Buyback yield%

20.48

20.30

23.26

21.63

20.28

22.60

21.84

22.13

23.21

26.12

20.31

22.60

21.98

0.956

D/E ratiox

1.134

1.273

1.507

1.654

1.613

1.610

1.658

1.641

1.703

1.933

1.093

1.658

1.627

40.79

Enterprise value$B

48.25

53.13

60.06

67.26

78.03

90.22

87.47

86.66

92.43

105.9

51.19

6.30%

8.93%

20.66

LT debt$B

49.20

52.32

48.05

43.58

47.46

51.20

53.60

57.57

51.09

51.61

39.83

1.69%

0.82%

Peers (US$46.83B)

Cap (US$)

DSV A/S

52.33B

44.91x

Vestas Wind Systems A/S

30.61B

26.35x

ISS A/S

6.838B

17.35x

Adani Ports and…

47.51B

32.28x

Capital

TTM

10Y

Leveragex

0.488

0.502

0.437

EBIT/Intx

0.094

0.260

0.255

Own earn%

(494.38)

(79.38)

(51.05)

Sh yield%

12.09

27.72

27.30

Owners

Insiders/Inst%

14.99

60.19

Short interest%

2.83

SBC / revenue%

4.08

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

17–28

$1 testx

—

Incr. ROIC%

A.P. Møller - Mærsk A/S is an integrated logistics company operating in Denmark and internationally through Ocean, Logistics & Services, and Terminals segments, offering ocean, inland, air and ground freight, warehousing, distribution, cold chain, customs clearance and lead logistics services. It serves FMCG, fashion and lifestyle, retail, chemicals, automotive, technology, pharma and healthcare, and perishables industries.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$58.23B

5.22%

1.00×

Cost of revenue

$33.05B

5.46%

1.02×

Operating expenses

$10.52B

4.61%

0.94×