DSV Stock Analysis: DSV | CO
Integrated Freight & Logistics | CO, Denmark | Market Cap: 271.604m DKK | 12M Return: -9.9% | DK0060079531 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 694M
EPS Trend: -78.9%
Qual. Beats: 0
Rev. Trend: 91.2%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DSV A/S is a global freight forwarding and logistics company headquartered in Hedehusene, Denmark, operating across Europe, the Middle East, Africa, North America, South America, Asia, Australia, and the Pacific. The company is organized into three segments: Air & Sea, Road, and Solutions, offering services ranging from air and sea freight (including less-than-container load and charter services) to road freight (full load, part load, and groupage), warehousing, e-commerce fulfilment, contract logistics, customs clearance, and tailored project cargo solutions. It serves a diverse customer base across the automotive, technology, healthcare, energy, industrial, consumer, defense, aerospace, and chemical industries.
Freight forwarding is a capital-light, asset-light business model that intermediates between shippers and carriers, generating revenue primarily through margins on arranged transport rather than owning large fleets. The industry is highly fragmented globally, with consolidation occurring through mergers and acquisitions-DSV itself has grown in part through major deals, including its 2019 acquisition of Panalpina and the subsequent corporate rename from DSV Panalpina A/S to DSV A/S in September 2021. Although classified under the Industrials sector and Trucking sub-industry, DSVs operations span the full logistics value chain, including supply chain management and decarbonisation services that reflect the broader sectors shift toward environmental efficiency and digital integration.
- Schenker acquisition integration drives cost synergies and revenue scale
- Air & Sea freight margins pressured by normalizing ocean and air rates
- Global trade volumes and European industrial demand determine forwarding volumes
| Net Income: 6.87b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.73 > 1.0 |
| NWC/Revenue: -1.12% < 20% (prev -2.07%; Δ 0.95% < -1%) |
| CFO/TA 0.04 > 3% & CFO 12.3b > Net Income 6.87b |
| Net Debt (118b) to EBITDA (26.3b): 4.48 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (239.7m) vs 12m ago 1.84% < -2% |
| Gross Margin: 15.29% > 18% (prev 11.97%; Δ 3.31% > 0.5%) |
| Asset Turnover: 96.40% > 50% (prev 63.80%; Δ 32.59% > 0%) |
| Interest Coverage Ratio: 3.23 > 6 (EBIT TTM 16.1b / Interest Expense TTM 4.98b) |
| A: -0.01 (Total Current Assets 91.2b - Total Current Liabilities 94.4b) / Total Assets 304b |
| B: 0.42 (Retained Earnings 128b / Total Assets 304b) |
| C: 0.05 (EBIT TTM 16.1b / Avg Total Assets 302b) |
| D: 0.71 (Book Value of Equity 126b / Total Liabilities 178b) |
| Altman-Z'' = 2.40 = A |
| DSRI: 0.76 (Receivables 78.8b/67.8b, Revenue 291b/191b) |
| GMI: 0.78 (GM 11.97% / 15.29%) |
| AQI: 0.99 (AQ_t 0.53 / AQ_t-1 0.54) |
| SGI: 1.52 (Revenue 291b / 191b) |
| TATA: -0.02 (NI 6.87b - CFO 12.3b) / TA 304b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of October 11, 2026, the stock is trading at DKK 1166.50 with a total of 855,899 shares traded. Over the past week, the price has changed by -2.71%, over one month by -10.72%, over three months by -29.73% and over the past year by -9.87%.
Current recommended Stop Loss: 1119.70 (which is 4% or 1.2 ATR below the current price).
DSV has no consensus analysts rating.
P/E Trailing = 37.7531
P/E Forward = 14.3472
P/S = 0.9341
P/B = 2.3476
P/EG = 0.6265
Revenue TTM = 291b DKK
EBIT TTM = 16.1b DKK
EBITDA TTM = 26.3b DKK
Long Term Debt = 48.2b DKK (from longTermDebt, last quarter)
Short Term Debt = 22.0b DKK (from shortTermDebt, last quarter)
Debt = 128b DKK (from shortLongTermDebtTotal, last quarter) + Leases 32.2b
Net Debt = 118b DKK (calculated: Debt 128b - CCE 10.1b)
Enterprise Value = 389b DKK (272b + Debt 128b - CCE 10.1b)
Interest Coverage Ratio = 3.23 (Ebit TTM 16.1b / Interest Expense TTM 4.98b)
EV/FCF = 39.86x (Enterprise Value 389b / FCF TTM 9.77b)
FCF Yield = 2.51% (FCF TTM 9.77b / Enterprise Value 389b)
FCF Margin = 3.36% (FCF TTM 9.77b / Revenue TTM 291b)
Net Margin = 2.36% (Net Income TTM 6.87b / Revenue TTM 291b)
Gross Margin = 15.29% ((Revenue TTM 291b - Cost of Revenue TTM 246b) / Revenue TTM)
Gross Margin QoQ = 26.44% (prev 10.37%)
Tobins Q-Ratio = 1.28 (Enterprise Value 389b / Total Assets 304b)
Interest Expense / Debt = 3.90% (Interest Expense 4.98b / Debt 128b)
Taxrate = 32.05% (3.57b / 11.1b)
NOPAT = 10.9b (EBIT 16.1b * (1 - 32.05%))
Current Ratio = 0.97 (Total Current Assets 91.2b / Total Current Liabilities 94.4b)
Debt / Equity = 1.02 (Debt 128b / totalStockholderEquity, last quarter 126b)
Debt / EBITDA = 4.48 (Net Debt 118b / EBITDA 26.3b)
Debt / FCF = 12.04 (Net Debt 118b / FCF TTM 9.77b)
Total Stockholder Equity = 120b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.28% (Net Income 6.87b / Total Assets 304b)
RoE = 5.72% (Net Income TTM 6.87b / Total Stockholder Equity 120b)
RoCE = 9.57% (EBIT 16.1b / Capital Employed (Equity 120b + L.T.Debt 48.2b))
RoIC = 4.95% (NOPAT 10.9b / Invested Capital 221b)
WACC = 6.27% (E(272b)/V(399b) * Re(7.97%) + D(128b)/V(399b) * Rd(3.90%) * (1-Tc(0.32)))
Discount Rate = 7.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.59 | Cagr: 5.97%
[DCF] Terminal Value 73.10% ; FCFF base≈11.8b ; Y1≈10.3b ; Y5≈8.35b
[DCF] Fair Price = 68.82 (EV 134b - Net Debt 118b = Equity 16.4b / Shares 238.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -78.93 | EPS CAGR: -5.21% | SUE: -0.46 | # QB: 0
Revenue Correlation: 91.17 | Revenue CAGR: 27.96% | SUE: 1.04 | # QB: 1
EPS current Quarter (2026-09-30): EPS=17.09 | Chg30d=-2.13% | Revisions=-38% | Analysts=8
EPS current Year (2026-12-31): EPS=62.41 | Chg30d=-1.62% | Revisions=-36% | GrowthEPS=+22.6% | GrowthRev=+20.7%
EPS next Year (2027-12-31): EPS=81.52 | Chg30d=-3.40% | Revisions=-73% | GrowthEPS=+30.6% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: -62% (up=3, down=18)