MPC Container Ships ASA (OB:MPCC) Shares Could Be 35% Below Their Intrinsic Value Estimate
May 14
Norwegian (OSEAX) Marine Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies18
- 7D-2.4%
- 3M11.4%
- 1Y54.7%
- YTDn/a
Over the last 7 days, the Marine industry has dropped 2.4%, driven by a pullback from Wallenius Wilhelmsen of 5.4%. On the other hand MPC Container Ships is actually up 6.1%. In the past year, the industry has gained 55%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Industry Valuation and Performance
Has the Norwegian Marine Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr173.9b | kr158.2b | kr33.0b | 6.1x | 5.3x | 1.1x |
| Tue, 16 Apr 2024 | kr152.6b | kr162.1b | kr32.9b | 5.7x | 4.6x | 0.9x |
| Thu, 14 Mar 2024 | kr141.9b | kr153.6b | kr31.0b | 6.1x | 4.6x | 0.9x |
| Sat, 10 Feb 2024 | kr161.8b | kr158.2b | kr31.6b | 7x | 5.1x | 1x |
| Mon, 08 Jan 2024 | kr168.5b | kr179.5b | kr32.2b | 7.3x | 5.2x | 0.9x |
| Wed, 06 Dec 2023 | kr158.5b | kr188.9b | kr36.0b | 5.7x | 4.4x | 0.8x |
| Fri, 03 Nov 2023 | kr163.2b | kr193.4b | kr34.9b | 5.1x | 4.7x | 0.8x |
| Sun, 01 Oct 2023 | kr149.2b | kr186.9b | kr32.9b | 4.8x | 4.5x | 0.8x |
| Tue, 29 Aug 2023 | kr145.5b | kr187.6b | kr33.2b | 4.7x | 4.4x | 0.8x |
| Thu, 27 Jul 2023 | kr133.8b | kr180.6b | kr26.4b | 4.8x | 5.1x | 0.7x |
| Sat, 24 Jun 2023 | kr143.7b | kr191.8b | kr28.8b | 4.5x | 5x | 0.7x |
| Mon, 22 May 2023 | kr136.8b | kr191.5b | kr29.1b | 4.5x | 4.7x | 0.7x |
| Wed, 19 Apr 2023 | kr147.1b | kr183.6b | kr27.9b | 5.4x | 5.3x | 0.8x |
| Fri, 17 Mar 2023 | kr137.4b | kr187.2b | kr28.4b | 4.8x | 4.8x | 0.7x |
| Sun, 12 Feb 2023 | kr138.2b | kr174.0b | kr26.6b | 6.1x | 5.2x | 0.8x |
| Tue, 10 Jan 2023 | kr139.6b | kr169.8b | kr25.5b | 6.1x | 5.5x | 0.8x |
| Thu, 08 Dec 2022 | kr135.3b | kr171.4b | kr25.5b | 6x | 5.3x | 0.8x |
| Sat, 05 Nov 2022 | kr138.6b | kr176.1b | kr26.2b | 5.5x | 5.3x | 0.8x |
| Mon, 03 Oct 2022 | kr106.4b | kr174.2b | kr21.1b | 5.7x | 5x | 0.6x |
| Wed, 31 Aug 2022 | kr116.0b | kr159.6b | kr19.4b | 6.5x | 6x | 0.7x |
| Fri, 29 Jul 2022 | kr120.5b | kr151.9b | kr18.2b | 6.3x | 6.6x | 0.8x |
| Sun, 26 Jun 2022 | kr111.5b | kr150.8b | kr17.7b | 7.9x | 6.3x | 0.7x |
| Tue, 24 May 2022 | kr123.3b | kr144.8b | kr16.9b | 6.7x | 7.3x | 0.9x |
| Thu, 21 Apr 2022 | kr116.8b | kr126.6b | kr10.8b | 7.9x | 10.8x | 0.9x |
| Sat, 19 Mar 2022 | kr121.9b | kr127.1b | kr11.3b | 7.9x | 10.8x | 1x |
| Mon, 14 Feb 2022 | kr122.5b | kr104.4b | kr9.1b | 9.3x | 13.5x | 1.2x |
| Wed, 12 Jan 2022 | kr104.8b | kr102.0b | kr7.3b | 8.6x | 14.4x | 1x |
| Fri, 10 Dec 2021 | kr93.3b | kr96.5b | kr7.6b | 7.3x | 12.3x | 1x |
| Sun, 07 Nov 2021 | kr92.1b | kr89.2b | kr5.4b | 9.5x | 17.1x | 1x |
| Tue, 05 Oct 2021 | kr88.7b | kr87.7b | kr4.9b | 12.2x | 18.2x | 1x |
| Thu, 02 Sep 2021 | kr82.4b | kr84.9b | kr4.5b | 10.9x | 18.4x | 1x |
| Sat, 31 Jul 2021 | kr74.7b | kr84.9b | kr4.5b | 9.3x | 16.7x | 0.9x |
Price to Earnings Ratio
28.2x
Current Industry PE
- Investors are pessimistic on the Norwegian Marine industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 5.2x which is lower than its 3-year average PE of 8.6x.
- The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Marine industry have grown 134% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Norwegian Marine compare with similar industries?
| NO Market | -1.02% | |
| Industrials | 0.70% | |
| Marine and Shipping | -2.35% | |
| Marine | -2.35% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MPCC MPC Container Ships | kr20.11 | 6.1% +kr514.7m | 13.2% | PE2.6x | |
| HSHP Himalaya Shipping | kr94.90 | 1.0% +kr39.5m | 60.3% | PE257.7x | |
| STST Stainless Tankers | kr66.60 | 2.8% +kr24.3m | 33.2% | n/a | |
| EWIND Edda Wind | kr23.10 | 0.4% +kr11.2m | 4.8% | PS5.7x | |
| WEST Western Bulk Chartering | kr25.90 | 0.8% +kr6.7m | -24.4% | PS0.07x |