(DSV) DSV Panalpina - CO
Sector: Industrials | Industry: Integrated Freight & Logistics | Exchange: CO (Denmark) | Market Cap: 374.429m DKK | Total Return: -2.1% in 12m
Avg Turnover: 566M
EPS Trend: -83.5%
Qual. Beats: 0
Rev. Trend: 74.3%
Qual. Beats: 0
Warnings
Fakeout Below Avwap Earnings
Tailwinds
No distinct edge detected
DSV A/S is a global transport and logistics provider headquartered in Denmark, operating through three primary segments: Air & Sea, Road, and Solutions. The company manages complex supply chains by coordinating freight movement via air, sea, and land, while providing value-added services such as warehousing, e-commerce fulfillment, and customs clearance. It serves a diverse range of industries, including automotive, healthcare, and aerospace.
The company utilizes an asset-light business model, which focuses on brokering and managing transport capacity rather than owning the underlying ships or aircraft. This strategy allows for greater flexibility in scaling operations according to global trade demand. Within the freight forwarding sector, companies like DSV act as intermediaries, leveraging high-volume shipments to negotiate competitive rates with carriers while managing the regulatory and administrative complexities of international trade.
- Schenker acquisition integration drives long-term scale and synergy realization
- Global freight rate volatility impacts Air & Sea segment margins
- Asset-light model preserves free cash flow during macro slowdowns
- Inorganic growth strategy through aggressive logistics sector consolidation
| Net Income: 6.92b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.22 > 1.0 |
| NWC/Revenue: -2.78% < 20% (prev 52.03%; Δ -54.81% < -1%) |
| CFO/TA 0.06 > 3% & CFO 17.2b > Net Income 6.92b |
| Net Debt (116b) to EBITDA (25.0b): 4.62 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (237.0m) vs 12m ago 10.13% < -2% |
| Gross Margin: 11.33% > 18% (prev 12.34%; Δ -1.01% > 0.5%) |
| Asset Turnover: 103.9% > 50% (prev 72.17%; Δ 31.78% > 0%) |
| Interest Coverage Ratio: 3.18 > 6 (EBIT TTM 15.3b / Interest Expense TTM 4.80b) |
| A: -0.03 (Total Current Assets 82.6b - Total Current Liabilities 90.2b) / Total Assets 295b |
| B: 0.43 (Retained Earnings 125b / Total Assets 295b) |
| C: 0.06 (EBIT TTM 15.3b / Avg Total Assets 266b) |
| D: 0.71 (Book Value of Equity 122b / Total Liabilities 173b) |
| Altman-Z'' = 2.34 = BBB |
| DSRI: 1.15 (Receivables 69.7b/37.5b, Revenue 276b/170b) |
| GMI: 1.09 (GM 12.34% / 11.33%) |
| AQI: 1.56 (AQ_t 0.55 / AQ_t-1 0.35) |
| SGI: 1.62 (Revenue 276b / 170b) |
| TATA: -0.03 (NI 6.92b - CFO 17.2b) / TA 295b) |
| Beneish M = -2.05 (Cap -4..+1) = BB |
As of June 20, 2026, the stock is trading at DKK 1527.00 with a total of 464,661 shares traded.
Over the past week, the price has changed by -3.05%,
over one month by -1.39%,
over three months by -6.37% and
over the past year by -2.12%.
DSV Panalpina has no consensus analysts rating.
P/E Trailing = 51.5435
P/E Forward = 23.4192
P/S = 1.3563
P/B = 3.0682
P/EG = 1.0232
Revenue TTM = 276b DKK
EBIT TTM = 15.3b DKK
EBITDA TTM = 25.0b DKK
Long Term Debt = 48.1b DKK (from longTermDebt, last quarter)
Short Term Debt = 21.9b DKK (from shortTermDebt, last quarter)
Debt = 126b DKK (from shortLongTermDebtTotal, last quarter) + Leases 31.4b
Net Debt = 116b DKK (calculated: Debt 126b - CCE 10.3b)
Enterprise Value = 490b DKK (374b + Debt 126b - CCE 10.3b)
Interest Coverage Ratio = 3.18 (Ebit TTM 15.3b / Interest Expense TTM 4.80b)
EV/FCF = 33.14x (Enterprise Value 490b / FCF TTM 14.8b)
FCF Yield = 3.02% (FCF TTM 14.8b / Enterprise Value 490b)
FCF Margin = 5.36% (FCF TTM 14.8b / Revenue TTM 276b)
Net Margin = 2.51% (Net Income TTM 6.92b / Revenue TTM 276b)
Gross Margin = 11.33% ((Revenue TTM 276b - Cost of Revenue TTM 245b) / Revenue TTM)
Gross Margin QoQ = 10.37% (prev 11.95%)
Tobins Q-Ratio = 1.66 (Enterprise Value 490b / Total Assets 295b)
Interest Expense / Debt = 3.82% (Interest Expense 4.80b / Debt 126b)
Taxrate = 31.99% (3.43b / 10.7b)
NOPAT = 10.4b (EBIT 15.3b * (1 - 31.99%))
Current Ratio = 0.91 (Total Current Assets 82.6b / Total Current Liabilities 90.2b)
Debt / Equity = 1.03 (Debt 126b / totalStockholderEquity, last quarter 122b)
Debt / EBITDA = 4.62 (Net Debt 116b / EBITDA 25.0b)
Debt / FCF = 7.81 (Net Debt 116b / FCF TTM 14.8b)
Total Stockholder Equity = 117b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.61% (Net Income 6.92b / Total Assets 295b)
RoE = 5.92% (Net Income TTM 6.92b / Total Stockholder Equity 117b)
RoCE = 9.24% (EBIT 15.3b / Capital Employed (Equity 117b + L.T.Debt 48.1b))
RoIC = 4.80% (NOPAT 10.4b / Invested Capital 216b)
WACC = 6.74% (E(374b)/V(500b) * Re(8.13%) + D(126b)/V(500b) * Rd(3.82%) * (1-Tc(0.32)))
Discount Rate = 8.13% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 64.44 | Cagr: 5.14%
[DCF] Terminal Value 77.97% ; FCFF base≈13.8b ; Y1≈15.8b ; Y5≈23.3b
[DCF] Fair Price = 985.7 (EV 351b - Net Debt 116b = Equity 235b / Shares 238.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -83.45 | EPS CAGR: -8.59% | SUE: -0.04 | # QB: 0
Revenue Correlation: 74.34 | Revenue CAGR: 18.25% | SUE: -0.09 | # QB: 0
EPS current Quarter (2026-06-30): EPS=15.82 | Chg30d=N/A | Revisions=+33% | Analysts=6
EPS next Quarter (2026-09-30): EPS=17.77 | Chg30d=N/A | Revisions=+0% | Analysts=6
EPS current Year (2026-12-31): EPS=64.68 | Chg30d=-1.09% | Revisions=+0% | GrowthEPS=+27.1% | GrowthRev=+17.8%
EPS next Year (2027-12-31): EPS=86.50 | Chg30d=+0.28% | Revisions=+12% | GrowthEPS=+33.7% | GrowthRev=+2.6%
[Analyst] Revisions Ratio: +33%