AP Moller Maersk (AMKBY)
OTHER OTC:AMKBY
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AP Moller - Maersk
(OTC:AMKBY)
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Rating:52Neutral
Price Target:
$11.00
â–²(13.75% Upside)
Action:Reiterated
Date:05/09/26
AMKBY scores 52 mainly due to weakening financial performance from sharp TTM revenue and margin compression, partially offset by a strong balance sheet and still-positive cash generation. Technicals are bearish (below key moving averages with negative MACD), valuation is challenging given a very high P/E despite a moderate dividend, and the latest earnings call reinforced elevated uncertainty with negative Q1 free cash flow and a wide EBIT guidance range.
Positive Factors
Strong balance sheet and low leverage
Conservative leverage and a large equity base give Maersk durable financial resilience through shipping cycles. A debt-to-equity near 0.3 and substantial equity ($54–64B range) support continued capex, strategic investments and liquidity buffers that reduce solvency risk during multi-quarter rate downturns.
Negative Factors
Sharp revenue and margin decline
A dramatic drop in revenue and collapse in margins reflects reduced pricing power and weaker operating leverage versus the peak cycle. This materially lowers structural earnings capacity and increases sensitivity to market-rate slumps, making multi-quarter profit recovery dependent on sustained rate improvements or further structural cost cuts.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and low leverage
Conservative leverage and a large equity base give Maersk durable financial resilience through shipping cycles. A debt-to-equity near 0.3 and substantial equity ($54–64B range) support continued capex, strategic investments and liquidity buffers that reduce solvency risk during multi-quarter rate downturns.
Read all positive factors
AP Moller - Maersk (AMKBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.48B
Dividend Yield9.71%
Average Volume (3M)118.93K
Price to Earnings (P/E)155.4
Beta (1Y)0.91
Revenue Growth-4.64%
EPS Growth-76.36%
CountryUS
Employees100,000
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.53
Shares Outstanding1,214,478,000
10 Day Avg. Volume109,980
30 Day Avg. Volume118,926
Financial Highlights & Ratios
PEG Ratio-0.24
Price to Book (P/B)0.63
Price to Sales (P/S)0.65
P/FCF Ratio7.02
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue0.85
Enterprise Value/Gross Profit0.85
Enterprise Value/Ebitda5.25
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$53.43B
AP Moller - Maersk Business Overview & Revenue Model
Company Description
A.P. Møller - Mærsk A/S operates as an integrated transport and logistics company worldwide. The company's Ocean segment engages in container shipping activities, including demurrage and detention, terminal handling, documentation and container se...
How the Company Makes Money
Maersk makes money primarily by selling logistics capacity and services across multiple linked parts of the container supply chain. The largest revenue stream historically has been Ocean, where it earns freight revenue by transporting customers’ c...
AP Moller - Maersk Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Neutral
Balanced / Neutral. The call highlighted robust operational execution (strong volumes, unit-cost declines, high vessel utilization, margin improvement in Logistics & Services, resilient terminals) and the ability to deploy commercial levers to recover rising energy costs. However, meaningful headwinds remain: sharply lower Ocean rates depressed Ocean revenue and produced an Ocean EBIT loss, free cash flow was negative and working capital rose materially, and the industry faces significant overcapacity and an elevated energy-cost shock tied to the Middle East conflict. Management maintained guidance but emphasized a wide range of possible outcomes given timing, demand and capacity risks.Positive Updates
Strong Volumes and Market Growth
Container volumes grew strongly across segments with Ocean delivering above-market growth (~9% cited), Logistics & Services revenue up 8.7% (to $3.8B) and Terminals volume growth of 4.3% (North America +11%). Management reported volumes generally back to pre-conflict levels.
Negative Updates
Ocean Rate Decline and Profit Pressure
Ocean rates were down ~14% YoY, driving Ocean revenue down 8.2% to $8.2B. The rate decline had an estimated negative impact of ~ $1.2B on quarter profitability. Ocean reported Q1 EBITDA $903M and net EBIT of negative $192M (loss in the segment).
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Q1-2026 Updates
Positive
Negative
Strong Volumes and Market Growth
Container volumes grew strongly across segments with Ocean delivering above-market growth (~9% cited), Logistics & Services revenue up 8.7% (to $3.8B) and Terminals volume growth of 4.3% (North America +11%). Management reported volumes generally back to pre-conflict levels.
Read all positive updates
Company Guidance
Management reiterated full‑year 2026 guidance assuming global container volumes of +2% to +4% (Maersk to grow in line), targeting underlying EBITDA of $4.5–7.0 billion, underlying EBIT of -$1.5 billion to +$1.0 billion and free cash flow of -$3.0 billion or better; cumulative CapEx guidance remains $10–11 billion for 2025–26 (and likewise for 2026–27). Management stressed the Middle East conflict is not expected to be materially financial at this stage due to operational and commercial levers, but warned higher bunker costs are increasing working capital and absorbing cash—contextual Q1 metrics included revenue $13.0 billion, EBITDA $1.8 billion, EBIT $340 million, Q1 free cash flow -$874 million, cash & deposits $18.4 billion and net cash $1.3 billion.AP Moller - Maersk Financial Statement Overview
Summary
Income Statement
47
Neutral
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.64B | 53.99B | 55.48B | 51.06B | 81.53B | 61.79B |
| Gross Profit | 53.64B | 3.81B | 6.92B | 3.87B | 31.32B | 19.81B |
| EBITDA | 8.68B | 11.18B | 13.39B | 11.37B | 36.96B | 24.48B |
| Net Income | 1.62B | 2.73B | 6.11B | 3.82B | 29.20B | 17.94B |
Balance Sheet | ||||||
| Total Assets | 86.61B | 88.35B | 87.70B | 82.58B | 93.68B | 72.27B |
| Cash, Cash Equivalents and Short-Term Investments | 7.53B | 10.32B | 24.04B | 6.70B | 11.00B | 11.84B |
| Total Debt | 17.51B | 18.92B | 16.48B | 14.81B | 15.64B | 15.34B |
| Total Liabilities | 31.39B | 31.66B | 29.75B | 27.49B | 28.65B | 26.68B |
| Stockholders Equity | 54.10B | 55.58B | 56.92B | 54.03B | 63.99B | 44.51B |
Cash Flow | ||||||
| Free Cash Flow | 3.63B | 4.96B | 7.21B | 6.00B | 30.31B | 19.05B |
| Operating Cash Flow | 8.34B | 9.76B | 11.41B | 9.64B | 34.48B | 22.02B |
| Investing Cash Flow | -614.50M | 495.00M | -7.92B | 4.08B | -21.62B | -8.34B |
| Financing Cash Flow | -8.27B | -7.87B | -3.50B | -16.80B | -14.13B | -7.90B |
AP Moller - Maersk Technical Analysis
Positive
9.67
Price Trends
12.15
Negative
12.08
Negative
11.14
Positive
Market Momentum
-0.07
Negative
51.21
Neutral
79.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMKBY, the sentiment is Positive. The current price of 9.67 is below the 20-day moving average (MA) of 11.57, below the 50-day MA of 12.15, and below the 200-day MA of 11.14, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 51.21 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMKBY.
AP Moller - Maersk Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.13B | 4.63 | 10.62% | 0.39% | 5.87% | 8.14% | |
80 Outperform | $2.38B | 3.65 | 13.85% | 3.64% | 2.95% | 15.92% | |
72 Outperform | $1.98B | 6.34 | 16.80% | 2.94% | -59.07% | 10.43% | |
71 Outperform | $5.50B | 22.01 | 15.90% | 1.13% | -4.64% | -10.76% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | $3.04B | -9.23 | 2.48% | 20.35% | -29.06% | -95.84% | |
52 Neutral | $34.48B | 155.38 | 2.91% | 9.71% | -4.64% | -76.36% |
* Industrials Sector Average
AMKBY
AP Moller - Maersk
11.80
2.43
25.99%
CMRE
Costamare
16.42
8.42
105.15%
DAC
Danaos
130.85
49.25
60.35%
NMM
Navios Maritime Partners
74.52
35.81
92.50%
MATX
Matson
181.84
73.80
68.31%
ZIM
ZIM
25.24
8.85
53.97%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.