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DSV Panalpina

CPSE:DSV
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DSV
CPSE
DKK141B
Market Cap
  1. Home
  2. DK
  3. Transportation
Company description

DSV Panalpina A/S provides transport and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. The last earnings update was 61 days ago. More info.


Add to Portfolio Compare Print
  • DSV Panalpina has significant price volatility in the past 3 months.
DSV Share Price and Events
7 Day Returns
3.6%
CPSE:DSV
3.3%
Europe Logistics
1.9%
DK Market
1 Year Returns
10.5%
CPSE:DSV
-8.8%
Europe Logistics
6%
DK Market
DSV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DSV Panalpina (DSV) 3.6% 0.2% -16.6% 10.5% 72.8% 175.2%
Europe Logistics 3.3% -1.6% -20.6% -8.8% -6.7% -5%
DK Market 1.9% -4.3% -4.4% 6% 24.7% 13.8%
1 Year Return vs Industry and Market
  • DSV outperformed the Logistics industry which returned -8.8% over the past year.
  • DSV outperformed the Market in Denmark which returned 6% over the past year.
Price Volatility
DSV
Industry
5yr Volatility vs Market

Value

 Is DSV Panalpina 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 DSV Panalpina 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 DSV Panalpina.

CPSE:DSV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.5%
Perpetual Growth Rate 10-Year DK Government Bond Rate -0.3%

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 CPSE:DSV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DK Govt Bond Rate -0.3%
Equity Risk Premium S&P Global 5.4%
Logistics Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.751 (1 + (1- 22%) (14.57%))
0.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.34% + (0.891 * 5.44%)
4.5%

Discounted Cash Flow Calculation for CPSE:DSV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DSV Panalpina 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.

CPSE:DSV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (DKK, Millions) Source Present Value
Discounted (@ 4.5%)
2020 5,574.20 Analyst x10 5,333.91
2021 7,946.29 Analyst x11 7,275.96
2022 9,246.54 Analyst x9 8,101.56
2023 7,423.50 Analyst x2 6,223.87
2024 7,607.00 Analyst x1 6,102.79
2025 7,411.48 Est @ -2.57% 5,689.61
2026 7,270.57 Est @ -1.9% 5,340.84
2027 7,166.39 Est @ -1.43% 5,037.38
2028 7,087.21 Est @ -1.1% 4,766.97
2029 7,025.16 Est @ -0.88% 4,521.54
Present value of next 10 years cash flows DKK58,394.00
CPSE:DSV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= DKK7,025.16 × (1 + -0.34%) ÷ (4.5% – -0.34%)
DKK144,505.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= DKK144,505.67 ÷ (1 + 4.5%)10
DKK93,006.85
CPSE:DSV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= DKK58,394.00 + DKK93,006.85
DKK151,400.85
Equity Value per Share
(DKK)
= Total value / Shares Outstanding
= DKK151,400.85 / 224.68
DKK673.86
CPSE:DSV Discount to Share Price
Calculation Result
Value per share (DKK) From above. DKK673.86
Current discount Discount to share price of DKK629.20
= -1 x (DKK629.20 - DKK673.86) / DKK673.86
6.6%

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

Current Discount
Amount off the current price DSV Panalpina is available for.
Intrinsic value
7%
Share price is DKK629.2 vs Future cash flow value of DKK673.86
Current Discount Checks
For DSV Panalpina to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DSV Panalpina's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • DSV Panalpina's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 DSV Panalpina's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DSV Panalpina's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CPSE:DSV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in DKK DKK18.66
CPSE:DSV Share Price ** CPSE (2020-04-08) in DKK DKK629.2
Europe Logistics Industry PE Ratio Median Figure of 24 Publicly-Listed Logistics Companies 11.85x
Denmark Market PE Ratio Median Figure of 96 Publicly-Listed Companies 12.84x

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

** Primary Listing of DSV Panalpina.

CPSE:DSV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:DSV Share Price ÷ EPS (both in DKK)

= 629.2 ÷ 18.66

33.72x

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

  • DSV Panalpina is overvalued based on earnings compared to the Europe Logistics industry average.
  • DSV Panalpina is overvalued based on earnings compared to the Denmark market.
Price based on expected Growth
Does DSV Panalpina's expected growth come at a high price?
Raw Data
CPSE:DSV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
17.5%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 0.99x
Denmark Market PEG Ratio Median Figure of 46 Publicly-Listed Companies 1.65x

*Line of best fit is calculated by linear regression .

CPSE:DSV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.72x ÷ 17.5%

1.92x

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

  • DSV Panalpina is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on DSV Panalpina's assets?
Raw Data
CPSE:DSV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in DKK DKK215.98
CPSE:DSV Share Price * CPSE (2020-04-08) in DKK DKK629.2
Europe Logistics Industry PB Ratio Median Figure of 26 Publicly-Listed Logistics Companies 1.83x
Denmark Market PB Ratio Median Figure of 132 Publicly-Listed Companies 1.15x
CPSE:DSV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:DSV Share Price ÷ Book Value per Share (both in DKK)

= 629.2 ÷ 215.98

2.91x

* Primary Listing of DSV Panalpina.

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

  • DSV Panalpina is overvalued based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess DSV Panalpina'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 Logistics 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 Logistics industry average (and greater than 0)? (1 check)
  5. DSV Panalpina 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 DSV Panalpina expected to perform in the next 1 to 3 years based on estimates from 17 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
17.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DSV Panalpina expected to grow at an attractive rate?
  • DSV Panalpina's earnings growth is expected to exceed the low risk savings rate of -0.3%.
Growth vs Market Checks
  • DSV Panalpina's earnings growth is expected to exceed the Denmark market average.
  • DSV Panalpina's revenue growth is expected to exceed the Denmark market average.
Annual Growth Rates Comparison
Raw Data
CPSE:DSV Future Growth Rates Data Sources
Data Point Source Value (per year)
CPSE:DSV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 17.5%
CPSE:DSV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 7.1%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Denmark Market Earnings Growth Rate Market Cap Weighted Average 12.2%
Denmark Market Revenue Growth Rate Market Cap Weighted Average 6%

*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
CPSE:DSV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CPSE:DSV Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 133,904 10,472 7,329 3
2023-12-31 131,132 10,078 6,964 4
2022-12-31 130,010 12,138 7,456 12
2021-12-31 124,952 10,974 6,738 17
2020-12-31 119,207 8,814 4,314 17
2020-04-08
CPSE:DSV Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2019-12-31 94,701 6,879 3,700
2019-09-30 85,524 6,744 4,193
2019-06-30 81,240 6,293 4,159
2019-03-31 80,652 5,253 4,201
2018-12-31 79,053 4,301 4,000
2018-09-30 77,127 4,530 3,825
2018-06-30 75,625 4,559 3,538
2018-03-31 75,058 4,601 3,083
2017-12-31 74,901 4,664 2,981
2017-09-30 73,499 3,330 2,785
2017-06-30 71,969 2,425 2,516
2017-03-31 70,651 1,670 2,104

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DSV Panalpina's earnings are expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
  • DSV Panalpina's revenue is expected to grow by 7.1% 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
CPSE:DSV 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 17 Analyst Estimates (S&P Global) See Below

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

CPSE:DSV Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 41.05 42.70 39.40 2.00
2023-12-31 36.53 37.37 35.70 2.00
2022-12-31 35.68 42.01 30.80 10.00
2021-12-31 30.88 35.11 26.32 16.00
2020-12-31 19.08 22.17 14.68 14.00
2020-04-08
CPSE:DSV Past Financials Data
Date (Data in DKK Millions) EPS *
2019-12-31 18.66
2019-09-30 22.58
2019-06-30 23.17
2019-03-31 23.29
2018-12-31 21.97
2018-09-30 20.86
2018-06-30 19.15
2018-03-31 16.63
2017-12-31 16.02
2017-09-30 14.96
2017-06-30 13.54
2017-03-31 11.35

*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.
  • DSV Panalpina is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess DSV Panalpina'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.
DSV Panalpina 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 DSV Panalpina 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 DSV Panalpina's growth in the last year to its industry (Logistics).
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.
  • DSV Panalpina has delivered over 20% year on year earnings growth in the past 5 years.
  • DSV Panalpina's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • DSV Panalpina's 1-year earnings growth is negative, it can't be compared to the Europe Logistics industry average.
Earnings and Revenue History
DSV Panalpina'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 DSV Panalpina Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CPSE:DSV Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 94,701.00 3,700.00 13,484.00
2019-09-30 85,524.00 4,193.00 12,166.00
2019-06-30 81,240.00 4,159.00 11,395.00
2019-03-31 80,652.00 4,201.00 11,370.00
2018-12-31 79,053.00 4,000.00 11,301.00
2018-09-30 77,127.00 3,825.00 11,044.00
2018-06-30 75,625.00 3,538.00 10,882.00
2018-03-31 75,058.00 3,083.00 10,846.00
2017-12-31 74,901.00 2,981.00 10,973.00
2017-09-30 73,499.00 2,785.00 11,220.00
2017-06-30 71,969.00 2,516.00 11,421.00
2017-03-31 70,651.00 2,104.00 11,743.00
2016-12-31 67,747.00 1,668.00 11,621.00
2016-09-30 62,736.00 1,632.00 10,674.00
2016-06-30 58,066.00 1,658.00 9,686.00
2016-03-31 53,587.00 1,862.00 8,529.00
2015-12-31 50,869.00 2,056.00 7,655.00
2015-09-30 50,802.00 1,959.00 7,554.00
2015-06-30 50,546.00 1,865.00 7,483.00
2015-03-31 49,581.00 1,797.00 7,311.00
2014-12-31 48,582.00 1,490.00 7,187.00
2014-09-30 47,900.00 1,471.00 7,105.00
2014-06-30 47,087.00 1,418.00 7,044.00
2014-03-31 46,331.00 1,374.00 7,017.00
2013-12-31 45,710.00 1,577.00 6,990.00
2013-09-30 45,261.00 1,573.00 7,022.00
2013-06-30 45,108.00 1,578.00 7,025.00

*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.
  • DSV Panalpina has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DSV Panalpina used its assets more efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • DSV Panalpina's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DSV Panalpina'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 Logistics 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.
DSV Panalpina 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 DSV Panalpina'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 DSV Panalpina's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DSV Panalpina's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • DSV Panalpina's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of DSV Panalpina'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.5x 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 DSV Panalpina Company Filings, last reported 3 months ago.

CPSE:DSV Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 49,319.00 7,984.00 2,043.00
2019-09-30 50,652.00 7,808.00 2,981.00
2019-06-30 15,488.00 6,064.00 1,384.00
2019-03-31 14,861.00 6,709.00 1,182.00
2018-12-31 14,532.00 6,946.00 1,158.00
2018-09-30 15,294.00 7,140.00 1,449.00
2018-06-30 15,179.00 6,735.00 1,225.00
2018-03-31 14,458.00 7,728.00 1,558.00
2017-12-31 14,809.00 6,740.00 1,348.00
2017-09-30 14,490.00 7,691.00 1,330.00
2017-06-30 14,504.00 8,397.00 1,816.00
2017-03-31 13,928.00 9,483.00 1,663.00
2016-12-31 13,378.00 10,057.00 1,714.00
2016-09-30 12,557.00 10,491.00 1,868.00
2016-06-30 11,899.00 10,870.00 2,066.00
2016-03-31 11,437.00 11,839.00 2,312.00
2015-12-31 11,841.00 4,604.00 4,908.00
2015-09-30 6,391.00 5,972.00 568.00
2015-06-30 6,390.00 5,832.00 298.00
2015-03-31 6,079.00 6,759.00 461.00
2014-12-31 6,081.00 6,291.00 432.00
2014-09-30 6,229.00 6,623.00 618.00
2014-06-30 6,229.00 6,281.00 553.00
2014-03-31 5,973.00 6,398.00 598.00
2013-12-31 6,248.00 6,656.00 707.00
2013-09-30 5,907.00 6,917.00 627.00
2013-06-30 5,588.00 7,208.00 680.00
  • DSV Panalpina's level of debt (16.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (103.5% vs 16.2% today).
  • Debt is well covered by operating cash flow (86.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.2x coverage).
X
Financial health checks
We assess DSV Panalpina'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. DSV Panalpina has a total score of 5/6, 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 DSV Panalpina'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
0.4%
Current annual income from DSV Panalpina dividends. Estimated to be 0.63% next year.
If you bought DKK2,000 of DSV Panalpina shares you are expected to receive DKK8 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?
  • DSV Panalpina's pays a lower dividend yield than the bottom 25% of dividend payers in Denmark (1.68%).
  • DSV Panalpina's dividend is below the markets top 25% of dividend payers in Denmark (4.27%).
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
CPSE:DSV 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 17 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 3.6%
Denmark Market Average Dividend Yield Market Cap Weighted Average of 59 Stocks 2%
Denmark Minimum Threshold Dividend Yield 10th Percentile 1.2%
Denmark Bottom 25% Dividend Yield 25th Percentile 1.7%
Denmark Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

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

CPSE:DSV Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 6.52 1.00
2023-12-31 5.72 1.00
2022-12-31 5.06 10.00
2021-12-31 4.10 17.00
2020-12-31 2.92 17.00
2020-04-08
CPSE:DSV Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2020-02-07 2.500 0.390
2019-03-15 2.250 0.344
2018-02-08 2.000 0.385
2017-02-10 1.800 0.425
2016-02-10 1.700 0.565
2015-02-06 1.600 0.665
2014-02-06 1.500 0.849
2013-02-20 1.250 0.825
2012-07-31 1.000 0.743
2012-02-21 1.000 0.820
2011-02-24 0.500 0.442
2010-03-04 0.250 0.239
2009-10-30 0.000 0.000
2009-07-31 0.000 0.000
2009-04-29 0.000 0.000

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

  • DSV Panalpina is not paying a notable dividend for Denmark, therefore no need to check if the payments are stable.
  • DSV Panalpina is not paying a notable dividend for Denmark, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of DSV Panalpina's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of DSV Panalpina's dividends as it is not paying a notable one for Denmark.
Future Payout to shareholders
  • No need to calculate the sustainability of DSV Panalpina's dividends in 3 years as they are not expected to pay a notable one for Denmark.
X
Income/ dividend checks
We assess DSV Panalpina's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 DSV Panalpina afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DSV Panalpina has a total score of 0/6, 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 DSV Panalpina'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
Jens Andersen
COMPENSATION DKK20,800,000
AGE 53
TENURE AS CEO 11.7 years
CEO Bio

Mr. Jens Bjørn Andersen has been the Chief Executive Officer at DSV A/S, DSV Solutions Holding A/s and DSV Road Holding A/S since August 1, 2008 and their Member of the Executive Board since 2008. Mr. Andersen serves as Chief Executive Officer and Director of Panalpina Welttransport (Holding) AG since August 19, 2019.

CEO Compensation
  • Jens's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jens's remuneration is about average for companies of similar size in Denmark.
Management Team Tenure

Average tenure and age of the DSV Panalpina management team in years:

3.6
Average Tenure
53
Average Age
  • The tenure for the DSV Panalpina management team is about average.
Management Team

Jens Andersen

TITLE
CEO & Member of the Executive Board
COMPENSATION
DKK21M
AGE
53
TENURE
11.7 yrs

Jens Lund

TITLE
CFO & Member of the Executive Board
COMPENSATION
DKK16M
AGE
50
TENURE
18.1 yrs

Jesper Riis

TITLE
Group Chief Information Officer
TENURE
1.3 yrs

Flemming Nielsen

TITLE
Director of Investor Relations & Corporate Communication

Soren Schmidt

TITLE
Chief Executive Officer of Road Division

Brian Ejsing

TITLE
Chief Executive Officer of Solutions Division

Keith Pienaar

TITLE
Chief Executive Officer of DSV Africa
AGE
56
TENURE
3.6 yrs

Rene Olesen

TITLE
Group Chief Commercial Officer
TENURE
3.6 yrs

Carsten Trolle

TITLE
Chief Executive Officer of Air & Sea Division
AGE
53
TENURE
3.6 yrs

Mike Marlow

TITLE
President of DSV Solutions North America
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the DSV Panalpina board of directors in years:

1.2
Average Tenure
61
Average Age
  • The average tenure for the DSV Panalpina board of directors is less than 3 years, this suggests a new board.
Board of Directors

Thomas Plenborg

TITLE
Independent Chairman
AGE
52
TENURE
1.3 yrs

Jørgen Møller

TITLE
Deputy Chairman
AGE
69

Annette Sadolin

TITLE
Independent Director
AGE
72
TENURE
11.3 yrs

Birgit Nørgaard

TITLE
Independent Director
AGE
61
TENURE
10.3 yrs

Malou Aamund

TITLE
Independent Director
TENURE
1.1 yrs

Beat Walti

TITLE
Independent Director
AGE
51
TENURE
0.6 yrs

Niels Smedegaard

TITLE
Director
TENURE
0.1 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 (DKK) Value (DKK)
X
Management checks
We assess DSV Panalpina'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. DSV Panalpina 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

Can DSV A/S's (CPH:DSV) ROE Continue To Surpass The Industry Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each DKK1 of shareholders' equity it has, the company made DKK0.27 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does DSV A/S's (CPH:DSV) CEO Pay Compare Well With Peers?

This analysis aims first to contrast CEO compensation with other large companies. … How Does Jens Andersen's Compensation Compare With Similar Sized Companies. … According to our data, DSV A/S has a market capitalization of ø98b, and pays its CEO total annual compensation worth ø19m.

Simply Wall St -

These Factors Make DSV A/S (CPH:DSV) An Interesting Investment

Help shape the future of investing tools and receive a $20 prize! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on DSV A/S (CPH:DSV) due to its excellent fundamentals in more than one area.

Simply Wall St -

What Should You Know About DSV A/S's (CPH:DSV) Future?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … In December 2018, DSV A/S (CPH:DSV) announced its most recent earnings update, whicha

Simply Wall St -

Do Institutions Own Shares In DSV A/S (CPH:DSV)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that have been privatized tend to have low insider ownership. … Companies of this size are usually well known to retail investors, too.

Simply Wall St -

Should You Like DSV A/S’s (CPH:DSV) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Are DSV A/S's (CPH:DSV) Interest Costs Too High?

DSV A/S (CPH:DSV), a large-cap worth ø79b, comes to mind for investors seeking a strong and reliable stock investment. … Risk-averse investors who are attracted to diversified streams of revenue and strong capital returns tend to seek out these large companies. … Let’s take a look at DSV’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures.

Simply Wall St -

How Do Analysts See DSV A/S (CPH:DSV) Performing In The Year Ahead?

In September 2018, DSV A/S (CPH:DSV) released its earnings update. … with profits predicted to rise by 13% next year … the higher past 5-year average growth rate of 19%

Simply Wall St -

One Factor To Consider Before Investing In DSV A/S (CPH:DSV)

I’ve analysed below, the health and outlook of DSV’s cash flow, which will help you understand the stock from a cash standpoint. … What remains after this expenditure, is known as its free cash flow, or FCF, for short. … There are two methods I will use to evaluate the quality of DSV’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

How To Take Advantage Of DSV A/S (CPH:DSV) In A Bear Market

DSV A/S is a financially healthy and robust stock with a proven track record of outperformance. … We all know DSV, and having this large-cap to cushion your portfolio during a volatile period in the stock market isn't a bad idea. … Today I will give a high-level overview of the stock, and why I believe it's still attractive.

Simply Wall St -

Company Info

Description

DSV Panalpina A/S provides transport and logistics services in Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. It operates through three segments: Air & Sea, Road, and Solutions. The company offers air freight, air freight compliance and carrier, and sea-air freight services; standard sea freight, and sea freight compliance and carrier services, as well as freight containers. It also provides road freight services, such as part and full loads, groupage, specialized transport, packaging and labeling, and document handling services, as well as online services comprising track and trace services. In addition, the company offers logistics solutions for automotive, consumer products, healthcare, high-tech, and industrial sectors; and inventory management solutions. Further, it provides project transport services, such as industrial projects, renewable energy, government logistics, ship charter, and air charter services; and warehousing services. The company was formerly known as DSV A/S and changed its name to DSV Panalpina A/S in September 2019. DSV Panalpina A/S was founded in 1976 and is headquartered in Hedehusene, Denmark.

Details
Name: DSV Panalpina A/S
DSV
Exchange: CPSE
Founded: 1976
DKK141,366,059,920
224,675,874
Website: http://www.dsv.com
Address: DSV Panalpina A/S
Hovedgaden 630,
PO Box 210,
Hedehusene,
Capital Region of Denmark, 2640,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE DSV Registered Shares OMX Nordic Exchange Copenhagen DK DKK 02. Jan 1992
OTCPK DSDV.F Registered Shares Pink Sheets LLC US USD 02. Jan 1992
DB DS81 Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0JN9 Registered Shares London Stock Exchange GB DKK 02. Jan 1992
WBAG DSV Registered Shares Wiener Boerse AG AT EUR 02. Jan 1992
BMV 0JN9 N Registered Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE DSVC Registered Shares BATS 'Chi-X Europe' GB DKK 02. Jan 1992
OTCPK DSDV.Y UNSPONSORED ADR Pink Sheets LLC US USD 20. Nov 2008
Number of employees
Current staff
Staff numbers
61,216
DSV Panalpina employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:25
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.