A P Moller Maersk AS Class B

MAERSK B: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	DKK 77,166.00	Cldc	Wpxmcgwfw

Maersk Earnings: Attractive Share Price Upside Despite Ongoing Shipping Volume Weakness in 2023

Michael Field

Aug 4, 2023

For investors wanting good news from the no-moat shipping company Maersk, the Aug. 4 second-quarter results were not it. The company downgraded it's full-year outlook for container shipping volumes to negative 3.5% on 2022 levels at the midpoint. This is downbeat, but not disastrous. At current share price levels we believe much of this negativity is already baked in and we see very attractive upside to our DKK 20,000 fair value estimate.

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