- Maersk projects its 2025 underlying EBITDA to be between $6 billion and $9 billion, with estimates around $6.71 billion.
- Forecasted underlying EBIT for 2025 ranges from $0 to $3 billion, compared to an estimate of $953.6 million.
- Global container trade is anticipated to grow by approximately 4% in 2025.
- In the fourth quarter, Maersk’s EBITDA was $3.60 billion, up from $839 million the previous year, surpassing the estimate of $3.06 billion.
- Ocean segment’s EBITDA reached $2.82 billion, a significant increase from $196 million year-on-year, and above the expected $2.32 billion.
- Terminals segment EBITDA improved by 39% year-on-year to $421 million, exceeding the estimate of $373.4 million.
- Logistics & Services EBITDA grew by 41% year-on-year to $402 million, slightly above the anticipated $399.1 million.
- Ocean EBITDA margin increased to 28.5% from 2.7% year-on-year, above the estimate of 24.4%.
- Logistics & Services EBITDA margin rose to 10.3% from 8% year-on-year, nearly matching the estimate of 10.4%.
- Terminals EBITDA margin improved to 35.3% from 29.7% year-on-year, surpassing the estimate of 33%.
- Maersk reported EBIT of $2.05 billion compared to a loss of $537 million year-on-year, beating the estimate of $1.57 billion.
- Ocean revenue increased by 38% year-on-year to $9.90 billion, higher than the estimated $9.48 billion.
- Logistics & Services revenue climbed by 9.9% year-on-year to $3.89 billion, slightly more than the estimate of $3.84 billion.
- Terminals revenue grew by 17% year-on-year to $1.19 billion, exceeding the forecast of $1.12 billion.
- Total revenue for the quarter increased by 24% year-on-year to $14.59 billion, surpassing the estimate of $14.05 billion.
- The average loaded freight rate per FFE was $2,659, rising 38% year-on-year and above the estimated $2,604.
- For the year 2024, EBITDA was reported at $12.13 billion, above the estimated $11.49 billion.
- Revenues for 2024 were $55.48 billion, exceeding the forecast of $54.77 billion.
- Net income in 2024 amounted to $6.11 billion, which was higher than the expected $5.34 billion.
- Dividends per share were issued at DKK1,120, surpassing the estimate of DKK859.41.
- Yearly EBIT for 2024 was reported at $12.13 billion, greatly exceeding the estimate of $5.67 billion.
- The lower and upper ends of the 2025 guidance assume the Red Sea will open mid-year and end-year, respectively.
- Maersk’s stock has 10 buy ratings, 10 hold ratings, and 9 sell ratings.
“`
AP Moeller – Maersk A/S on Smartkarma
Analysts on Smartkarma have been closely monitoring AP Moeller – Maersk A/S, providing valuable insights on the company’s performance. Daniel Hellberg, a top independent analyst, recently shared his bearish views on Maersk’s Q3 2024 results in his research report titled “Maersk Q324 Results: Giant Dane Finally Joins the Party, But Read-Through for Industry Is Limited.” Despite Maersk’s strong quarterly results driven by higher freight rates, Hellberg warns that price momentum may have peaked and advises investors to avoid the carriers.
In another report by Daniel Hellberg, titled “Maersk Q224 Results | Strangely, Danish Container Giant Saw Limited Gains From Higher Spot Rates,” he highlights Maersk’s surprising Y/Y declines in revenue and EBITDA in Q2 2024, despite the industry-wide increase in spot container rates. Despite raising its FY24 targets, Hellberg suggests that Maersk may have taken steps to limit its exposure to spot rates. These detailed analyses offer valuable insights for investors navigating the complexities of the container shipping industry.
A look at AP Moeller – Maersk A/S Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, AP Moeller – Maersk A/S appears to have a positive long-term outlook. With a top score of 5 in Value and a solid score of 4 in Dividend, the company is perceived favorably in terms of its financial attractiveness and dividend payouts. Additionally, scoring a respectable 4 in Resilience indicates the company’s ability to weather economic challenges.
However, there are areas for potential growth as AP Moeller – Maersk A/S received a modest score of 2 in Growth. This suggests that while the company may not be perceived as a high-growth opportunity, its overall stability and value proposition remain strong. With a Momentum score of 3, the company seems to be steady in its market performance without significant fluctuations.
Summary: A.P. Moeller-Maersk A/S is a diversified conglomerate with a global presence, operating in various sectors including shipping, industrial businesses, and oil and gas exploration and production.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
