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Hapag-Lloyd

DB:HLAG
Snowflake Description

Moderate growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLAG
DB
€11B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print
  • Hapag-Lloyd has significant price volatility in the past 3 months.
HLAG Share Price and Events
7 Day Returns
-1.6%
DB:HLAG
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
85%
DB:HLAG
6.2%
Europe Shipping
3%
DE Market
HLAG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hapag-Lloyd (HLAG) -1.6% -7.3% 59.8% 85% 237.2% -
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • HLAG outperformed the Shipping industry which returned 6.2% over the past year.
  • HLAG outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
HLAG
Industry
5yr Volatility vs Market

Value

 Is Hapag-Lloyd undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hapag-Lloyd to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hapag-Lloyd.

DB:HLAG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:HLAG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 30%) (63.25%))
1.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.039 * 5.96%)
6.42%

Discounted Cash Flow Calculation for DB:HLAG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hapag-Lloyd is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:HLAG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.42%)
2020 673.30 Analyst x5 632.69
2021 901.50 Analyst x4 796.04
2022 284.00 Analyst x1 235.65
2023 266.58 Est @ -6.13% 207.86
2024 255.32 Est @ -4.22% 187.07
2025 247.95 Est @ -2.89% 170.71
2026 243.10 Est @ -1.95% 157.28
2027 239.94 Est @ -1.3% 145.87
2028 237.92 Est @ -0.84% 135.92
2029 236.69 Est @ -0.52% 127.06
Present value of next 10 years cash flows €2,796.00
DB:HLAG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €236.69 × (1 + 0.23%) ÷ (6.42% – 0.23%)
€3,832.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,832.17 ÷ (1 + 6.42%)10
€2,057.21
DB:HLAG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,796.00 + €2,057.21
€4,853.21
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,853.21 / 175.76
€27.61
DB:HLAG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HLAG represents 0.99833x of XTRA:HLAG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99833x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 27.61 x 0.99833
€27.57
Value per share (EUR) From above. €27.57
Current discount Discount to share price of €60.00
= -1 x (€60.00 - €27.57) / €27.57
-117.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hapag-Lloyd is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hapag-Lloyd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hapag-Lloyd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HLAG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.61
XTRA:HLAG Share Price ** XTRA (2019-10-11) in EUR €60.1
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hapag-Lloyd.

DB:HLAG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:HLAG Share Price ÷ EPS (both in EUR)

= 60.1 ÷ 1.61

37.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hapag-Lloyd is overvalued based on earnings compared to the Europe Shipping industry average.
  • Hapag-Lloyd is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Hapag-Lloyd's expected growth come at a high price?
Raw Data
DB:HLAG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
30.6%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:HLAG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.37x ÷ 30.6%

1.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hapag-Lloyd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hapag-Lloyd's assets?
Raw Data
DB:HLAG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €35.93
XTRA:HLAG Share Price * XTRA (2019-10-11) in EUR €60.1
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:HLAG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:HLAG Share Price ÷ Book Value per Share (both in EUR)

= 60.1 ÷ 35.93

1.67x

* Primary Listing of Hapag-Lloyd.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hapag-Lloyd is overvalued based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Hapag-Lloyd's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Hapag-Lloyd has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hapag-Lloyd expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hapag-Lloyd expected to grow at an attractive rate?
  • Hapag-Lloyd's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hapag-Lloyd's earnings growth is expected to exceed the Germany market average.
  • Hapag-Lloyd's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HLAG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HLAG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 30.6%
DB:HLAG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.9%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:HLAG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HLAG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 14,948 4
2022-12-31 13,990 1,856 621 7
2021-12-31 13,772 1,904 500 11
2020-12-31 13,314 1,665 361 11
2019-12-31 12,596 1,550 236 11
2019-10-13
DB:HLAG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 12,326 1,547 283
2019-03-31 11,962 1,355 166
2018-12-31 11,519 1,073 37
2018-09-30 11,126 950 26
2018-06-30 10,886 999 -35
2018-03-31 10,461 1,000 49
2017-12-31 9,973 894 28
2017-09-30 9,335 862 46
2017-06-30 8,467 521 2
2017-03-31 7,941 424 -111
2016-12-31 7,734 417 -97
2016-09-30 7,750 316 -184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hapag-Lloyd's earnings are expected to grow significantly at over 20% yearly.
  • Hapag-Lloyd's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:HLAG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Hapag-Lloyd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLAG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.53 4.52 2.06 3.00
2021-12-31 2.87 5.48 1.42 9.00
2020-12-31 1.89 2.99 1.28 6.00
2019-12-31 1.31 1.83 0.97 8.00
2019-10-13
DB:HLAG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.61
2019-03-31 0.94
2018-12-31 0.21
2018-09-30 0.15
2018-06-30 -0.20
2018-03-31 0.30
2017-12-31 0.19
2017-09-30 0.35
2017-06-30 0.02
2017-03-31 -0.94
2016-12-31 -0.82
2016-09-30 -1.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hapag-Lloyd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hapag-Lloyd's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hapag-Lloyd has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hapag-Lloyd performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hapag-Lloyd's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hapag-Lloyd has delivered over 20% year on year earnings growth in the past 5 years.
  • Hapag-Lloyd has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Hapag-Lloyd has become profitable in the last year making it difficult to compare the Europe Shipping industry average.
Earnings and Revenue History
Hapag-Lloyd's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hapag-Lloyd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLAG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 12,325.80 282.70 32.20
2019-03-31 11,962.30 166.00 32.20
2018-12-31 11,518.90 36.80 32.20
2018-09-30 11,125.80 25.70 33.00
2018-06-30 10,886.30 -35.10 33.00
2018-03-31 10,460.80 49.10 33.00
2017-12-31 9,973.40 27.90 33.00
2017-09-30 9,334.70 46.40 28.50
2017-06-30 8,467.00 2.30 28.50
2017-03-31 7,940.60 -111.40 28.50
2016-12-31 7,734.20 -96.60 28.50
2016-09-30 7,749.60 -183.50 34.00
2016-06-30 7,958.30 -188.60 34.00
2016-03-31 8,465.20 -60.30 34.00
2015-12-31 8,841.80 111.60 34.00
2015-09-30 8,719.10 -221.40 22.00
2015-06-30 8,262.80 -274.80 22.00
2015-03-31 7,555.80 -357.80 22.00
2014-12-31 6,807.50 -605.00 22.00
2014-09-30 6,440.20 -266.50 21.70
2014-06-30 6,423.40 -199.10 21.70
2014-03-31 6,469.50 -123.80 21.70
2013-12-31 6,567.40 -98.30 21.70
2013-09-30 6,705.20 -91.10 23.40
2013-06-30 6,806.10 -62.10 23.40
2013-03-31 6,894.10 -90.30 23.40
2012-12-31 6,843.70 -129.00 23.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hapag-Lloyd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hapag-Lloyd used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • Hapag-Lloyd has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Hapag-Lloyd's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hapag-Lloyd has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hapag-Lloyd's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hapag-Lloyd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hapag-Lloyd's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Hapag-Lloyd's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hapag-Lloyd's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hapag-Lloyd Company Filings, last reported 3 months ago.

DB:HLAG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6,332.50 5,466.40 452.70
2019-03-31 6,425.00 5,770.40 573.60
2018-12-31 6,259.30 5,918.90 663.50
2018-09-30 6,191.80 6,278.80 599.50
2018-06-30 6,146.40 6,169.70 552.40
2018-03-31 5,869.50 6,049.40 597.70
2017-12-31 6,058.30 6,221.30 643.60
2017-09-30 5,780.40 7,435.10 1,224.80
2017-06-30 5,930.00 7,327.60 754.20
2017-03-31 4,940.10 4,150.90 522.40
2016-12-31 5,058.40 4,043.50 577.50
2016-09-30 4,729.20 3,905.90 492.00
2016-06-30 4,740.10 3,826.10 473.00
2016-03-31 4,767.40 3,697.80 456.00
2015-12-31 5,046.20 3,757.80 573.70
2015-09-30 4,672.80 3,889.40 484.00
2015-06-30 4,681.90 3,953.70 594.90
2015-03-31 4,781.20 4,124.10 774.90
2014-12-31 4,169.60 3,510.80 715.00
2014-09-30 2,872.10 3,279.20 444.50
2014-06-30 2,734.60 3,047.80 427.60
2014-03-31 2,776.90 2,977.60 466.20
2013-12-31 2,915.10 2,701.40 464.80
2013-09-30 2,994.70 2,971.40 621.50
2013-06-30 3,059.80 2,591.20 341.70
2013-03-31 3,088.90 2,516.80 437.00
2012-12-31 3,114.00 2,156.10 560.80
  • Hapag-Lloyd's level of debt (86.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (103.4% vs 86.3% today).
  • Debt is well covered by operating cash flow (28.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hapag-Lloyd's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hapag-Lloyd has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hapag-Lloyd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.25%
Current annual income from Hapag-Lloyd dividends. Estimated to be 0.91% next year.
If you bought €2,000 of Hapag-Lloyd shares you are expected to receive €5 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hapag-Lloyd's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Hapag-Lloyd's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:HLAG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:HLAG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.82 3.00
2021-12-31 0.72 11.00
2020-12-31 0.49 10.00
2019-12-31 0.35 12.00
2019-10-13
DB:HLAG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-06-12 0.150 0.321

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hapag-Lloyd is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Hapag-Lloyd is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Hapag-Lloyd's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Hapag-Lloyd's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Hapag-Lloyd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hapag-Lloyd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hapag-Lloyd has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hapag-Lloyd's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rolf Jansen
COMPENSATION €2,066,642
AGE 53
TENURE AS CEO 5.3 years
CEO Bio

Mr. Rolf Habben-Jansen has been the Chief Executive Officer and Chairman of the Executive Board at Hapag-Lloyd AG since July 1, 2014 and has been its Member of Executive Board since April 1, 2014. Mr. Habben-Jansen served as the Chief Executive Officer of Damco International A/S from 2009 to January 1, 2014. He served as the Head of Global Customer Solutions at DHL since 2006. He began his career at Royal Nedlloyd, the former Dutch shipping company, before joining Danzas, the Swiss logistics firm, which merged with DHL in 1999. He has been a Director of Stolt-Nielsen Limited since December 17, 2015. Mr. Jansen graduated from the Erasmus University in Rotterdam in 1991 with a degree in Economics.

CEO Compensation
  • Rolf's compensation has increased in line with Hapag-Lloyd recently becoming profitable.
  • Rolf's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hapag-Lloyd management team in years:

2.8
Average Tenure
48.5
Average Age
  • The tenure for the Hapag-Lloyd management team is about average.
Management Team

Rolf Jansen

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€2M
AGE
53
TENURE
5.3 yrs

Nicolás Burr

TITLE
CFO & Member of Executive Board
COMPENSATION
€2M
AGE
44
TENURE
4.6 yrs

Joachim Schlotfeldt

TITLE
Chief Personnel & Global Procurement Officer
COMPENSATION
€1M
AGE
65
TENURE
1.5 yrs

Arnold Lipinski

TITLE
Head of Marine Human Resources & Member of Supervisory Board
COMPENSATION
€73K
AGE
62
TENURE
0.6 yrs

Ralf Belusa

TITLE
Managing Director
TENURE
2.8 yrs

Maximilian Rothkopf

TITLE
COO & Member of Executive Board
AGE
39
TENURE
0.3 yrs

Heiko Hoffmann

TITLE
Senior Director of Investor Relations

Thomas Mansfeld

TITLE
Chief Compliance Officer

Felix Albrecht

TITLE
Member of Supervisory Board & Second Engineer Officer
AGE
32
TENURE
2.8 yrs

Glenn Hards

TITLE
Managing Director of Central Operations
Board of Directors Tenure

Average tenure and age of the Hapag-Lloyd board of directors in years:

3.2
Average Tenure
61
Average Age
  • The tenure for the Hapag-Lloyd board of directors is about average.
Board of Directors

Michael Behrendt

TITLE
Chairman of Supervisory Board
COMPENSATION
€172K
AGE
68
TENURE
4.8 yrs

Karl Gernandt

TITLE
Second Deputy Chairman of Supervisory Board
COMPENSATION
€90K
AGE
59
TENURE
1.3 yrs

Klaus Schroeter

TITLE
First Deputy Chairman of Supervisory Board
COMPENSATION
€69K
TENURE
0.9 yrs

Arnold Lipinski

TITLE
Head of Marine Human Resources & Member of Supervisory Board
COMPENSATION
€73K
AGE
62

Felix Albrecht

TITLE
Member of Supervisory Board & Second Engineer Officer
AGE
32
TENURE
0.6 yrs

Oscar Eduardo Hasbún Martínez

TITLE
Member of Supervisory Board
COMPENSATION
€81K
AGE
50
TENURE
4.8 yrs

Jutta Diekamp

TITLE
Member of Supervisory Board
COMPENSATION
€62K

Uwe Zimmermann

TITLE
Member of Supervisory Board
COMPENSATION
€72K
TENURE
3.2 yrs

Rainer Klemmt-Nissen

TITLE
Member of Supervisory Board
COMPENSATION
€73K
AGE
65

José Francisco Pérez Mackenna

TITLE
Member of Supervisory Board
COMPENSATION
€62K
AGE
61
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hapag-Lloyd's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hapag-Lloyd has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Read This Before Judging Hapag-Lloyd Aktiengesellschaft's (FRA:HLAG) ROE

Our data shows Hapag-Lloyd has a return on equity of 0.6% for the last year. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.0057 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

An Intrinsic Calculation For Hapag-Lloyd Aktiengesellschaft (FRA:HLAG) Shows It's 28.34% Undervalued

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Why Hapag-Lloyd Aktiengesellschaft's (FRA:HLAG) CEO Pay Matters To You

Rolf Jansen took the helm as Hapag-Lloyd Aktiengesellschaft's (FRA:HLAG) CEO and grew market cap to €5.89b recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

Is Hapag-Lloyd Aktiengesellschaft (FRA:HLAG) A Financially Sound Company?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Hapag-Lloyd Aktiengesellschaft (FRA:HLAG), with a market cap of €6.57b, are often out of the spotlight. … Today we will look at HLAG’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

Is Hapag-Lloyd Aktiengesellschaft's (DB:HLAG) PE Ratio A Signal To Sell For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Hapag-Lloyd Aktiengesellschaft (DB:HLAG)’s fundamentals and stock market performance. … While this makes HLAG appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Hapag-Lloyd Aktiengesellschaft (DB:HLAG): Can Growth Justify Its June Share Price?

Looking at Hapag-Lloyd Aktiengesellschaft’s (DB:HLAG) fundamentals some investors are wondering if its last closing price of €35.9 represents a good value for money for this high growth stock. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … The excitement around Hapag-Lloyd's growth potential is not unfounded

Simply Wall St -

An Intrinsic Calculation For Hapag-Lloyd Aktiengesellschaft (FRA:HLAG) Shows It's 31% Undervalued

I am going to run you through how I calculated the intrinsic value of Hapag-Lloyd Aktiengesellschaft (DB:HLAG) by taking the foreast future cash flows of the company and discounting them back to today's value. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €566.31 €796.04 €716.01 €778.84 €847.18 Source Analyst x6 Analyst x11 Analyst x8 Extrapolated @ (8.77%) Extrapolated @ (8.77%) Present Value Discounted @ 9.04% €519.36 €669.54 €552.30 €550.97 €549.63 Present Value of 5-year Cash Flow (PVCF)= €2,842 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €847 × (1 + 0.5%) ÷ (9% – 0.5%) = €10,025 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €10,025 / ( 1 + 9%)5 = €6,504 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is €9,346.

Simply Wall St -

Why Hapag-Lloyd Aktiengesellschaft (FRA:HLAG) Delivered An Inferior ROE Compared To The Industry

View our latest analysis for Hapag-Lloyd Breaking down Return on Equity Return on Equity (ROE) weighs Hapag-Lloyd’s profit against the level of its shareholders’ equity. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity DB:HLAG Last Perf May 25th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

What Investors Should Know About Hapag-Lloyd Aktiengesellschaft's (FRA:HLAG) Financial Strength

Today we will look at HLAG’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … With this growth in debt, HLAG currently has €579.10M remaining in cash and short-term investments for investing into the business. … Moreover, HLAG has produced cash from operations of €417.20M in the last twelve months, leading to an operating cash to total debt ratio of 9.98%, indicating that HLAG’s debt is not appropriately covered by operating cash.

Simply Wall St -

Company Info

Description

Hapag-Lloyd Aktiengesellschaft, together with its subsidiaries, operates as a liner shipping company worldwide. The company engages in the shipping of containers by sea; and provision of door to door transportation services. Its vessel and container fleets are used for the transportation of general and special cargo, various dangerous goods, and coffee, as well as reefer cargo comprising pharmaceuticals. The company also offers bilateral EDI, a directly connected electronic data interchange; operates an e-commerce portal that provides services related to transportation process, as well as services to manage customer’s supply chain data and connect to their carriers through one interface; and provides security information and verified gross mass services. In addition, it provides container transportation services to the United States government organizations. As of December 31, 2017, the company fleet comprised 219 ships with a total capacity of 1.6 million twenty-foot equivalent unit (TEU). It owned or leased 1,435,345 containers with a capacity of approximately 2,348,602 TEU for shipping cargo. The company was formerly known as Hapag-Lloyd Holding AG and changed its name to Hapag-Lloyd Aktiengesellschaft in August 2013. Hapag-Lloyd Aktiengesellschaft was founded in 1847 and is headquartered in Hamburg, Germany.

Details
Name: Hapag-Lloyd Aktiengesellschaft
HLAG
Exchange: DB
Founded: 1847
€10,563,193,609
175,760,293
Website: http://www.hapag-lloyd.com
Address: Hapag-Lloyd Aktiengesellschaft
Ballindamm 25,
Hamburg,
Hamburg, 20095,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HLAG Ordinary Shares XETRA Trading Platform DE EUR 06. Nov 2015
OTCPK HLAG.F Ordinary Shares Pink Sheets LLC US USD 06. Nov 2015
DB HLAG Ordinary Shares Deutsche Boerse AG DE EUR 06. Nov 2015
LSE 0RCG Ordinary Shares London Stock Exchange GB EUR 06. Nov 2015
SWX HLAG Ordinary Shares SIX Swiss Exchange CH CHF 06. Nov 2015
WBAG HLAG Ordinary Shares Wiener Boerse AG AT EUR 06. Nov 2015
BATS-CHIXE HLAGD Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Nov 2015
OTCPK HPGL.Y UNSPONSORED ADR Pink Sheets LLC US USD 04. Feb 2016
Number of employees
Current staff
Staff numbers
12,667
Hapag-Lloyd employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 23:43
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/30
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.