Hapag Lloyd

Analyst updates, 15.11. 👇🏼

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- JEFFERIES raises the price target for ASML from EUR 760 to EUR 840. Buy. $ASML (-0,45%)

- RBC raises the price target for TESLA from USD 249 to USD 313. Outperform. $TSLA (+0,39%)

- JPMORGAN raises the price target for WALT DISNEY from USD 125 to USD 128. Overweight. $DIS (-0,47%)

- JPMORGAN raises the price target for SIEMENS from EUR 215 to EUR 230. Overweight. $SIE (-1,1%)

- BARCLAYS raises the target price for SIEMENS ENERGY from EUR 21 to EUR 35. Equal-Weight. $ENR (+1,19%)

- LBBW raises the target price for EON from EUR 13.80 to EUR 13.90. Buy. $EOAN (+2,51%)

- HAUCK AUFHÄUSER IB raises the target price for ADESSO from EUR 80 to EUR 85. Hold. $ADN1 (-0,83%)

- DEUTSCHE BANK RESEARCH raises the target price for BURBERRY from GBP 7.40 to GBP 8.60. Hold. $BRBY (+3,69%)

- BERENBERG raises the price target for TALANX from EUR 76.20 to EUR 91.10. Buy. $TLX (+0,06%)

- BERENBERG raises the price target for HAPAG-LLOYD from EUR 163 to EUR 169. Hold. $HLAG (-0,03%)

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- JPMORGAN lowers the price target for BAYER from EUR 34 to EUR 25. Neutral. $BAYN (-0,66%)

- SANTANDER downgrades SHELL from Neutral to Outperform and lowers target price from GBP 30.50 to GBP 30. $SHEL (+0,28%)

- WARBURG RESEARCH lowers the price target for SECUNET from EUR 216 to EUR 210. Buy. $YSN (+7,86%)

- METZLER lowers the price target for SIXT-STÄMME from EUR 105 to EUR 95. Buy. $SIX2 (+0,5%)

- ODDO BHF lowers the target price for MERCK KGAA from EUR 187 to EUR 176. Outperform. $MRK (-0,31%)

- METZLER lowers the price target for SMA SOLAR from EUR 20 to EUR 16. Hold. $S92 (-0,09%)

- DEUTSCHE BANK RESEARCH lowers the price target for GRENKE from EUR 28 to EUR 24. Buy. $GLJ (+0,44%)

- BERENBERG lowers the target price for K+S from EUR 15.70 to EUR 14.70. Buy. $SDF (+0,91%)

- BERENBERG lowers the price target for AUMANN from EUR 17 to EUR 14.50. Hold. $AAG (+2,04%)

- BERENBERG lowers the price target for DERMAPHARM from EUR 58 to EUR 50. Buy. $DMP (-0,2%)

- BARCLAYS lowers the price target for SYMRISE from EUR 123 to EUR 115. Equal-Weight. $SY1 (+1,72%)

Hapag llyod Q3 2024 $HLAG (-0,03%)

Financial performance:

• Revenue: Remained stable at USD 15.3 billion for the first nine months of 2024, in line with the previous year.
• EBITDA: Decrease in EBITDA to USD 3.6 billion compared to USD 4.5 billion in the previous year.
• Net profit: Generated a net profit of USD 1.8 billion for the first nine months of 2024.

Balance sheet overview:

• Shareholders' equity: Remained unchanged from the end of fiscal 2023 at USD 20.9 billion as of September 30, 2024.
• Net liquidity: Significantly decreased to USD 0.8 billion from USD 2.9 billion at year-end 2023.
• Liquidity reserve: Remained stable at USD 8 billion.

Details of the income statement:

• Operating result: Strong operating result for Q3 2024 at USD 1,057.8 million, a significant increase compared to the same quarter last year.
• EBIT: Achieved an EBIT of USD 1,060.6 million in Q3 2024.

Cash flow overview:

• Operating cash flow: For the first nine months of 2024, operating cash flow amounted to USD 3,096 million.
• Free cash flow: Decrease to USD 1,661 million from USD 3,433 million in the prior-year period.

Key figures and profitability metrics:

• EBITDA margin: EBITDA margin increased to 28.1% in Q3 2024 compared to 21.0% in Q2 2024.
• Equity ratio: Was a solid 61.9% as at September 30, 2024.

Segment information:

• Liner Shipping: Revenue in Q3 2024 amounted to USD 5,668 million with an EBITDA margin of 27.9%.
• Terminal and infrastructure sector: Revenue in Q3 2024 amounted to USD 110 million with an EBITDA margin of 39.2%.

Competitive position: The company was able to increase its average freight rates in Q3 2024 due to strong demand on the Transpacific and Far East routes.

Forecasts and management commentary: The earnings outlook for the financial year 2024 has been raised, supported by stronger demand and improved freight rates. Group EBITDA is expected to be between USD 4.6 and 5.0 billion.

Risks and opportunities:

• Risks: Ongoing geopolitical tensions in the Middle East and volatile freight rates could pose challenges.
• Opportunities: Improved earnings outlook and solid demand growth offer positive prospects.

Summary of results:

Positives:

• Earnings growth in Q3 2024: Strong performance supported by improved volumes and pricing adjustments.
• Increase in average freight rates: Benefited in particular from demand on Transpacific and Far East routes.
• Raised outlook for FY 2024: Expected EBITDA for the full year is higher due to increased demand.
• Strong equity ratio: With an equity ratio of 61.9%, the company demonstrates a solid financial base.
• Improved EBITDA margin: Increased significantly to 28.1% in Q3 2024.

Negative aspects:

• Decline in EBITDA: Decrease from USD 4.5 billion to USD 3.6 billion due to cost pressures and potentially lower volumes.
• Significant decrease in net liquidity: Sunk to USD 0.8 billion, which could affect financial flexibility.
• Lower free cash flow: Decline year-on-year, which could indicate lower operating efficiency or higher investment requirements.
• High transportation costs: Continue to weigh on earnings and pose a challenge to margins.
• Geopolitical uncertainties: Tensions and disruptions in supply chains may pose further risks.

Hapag-Lloyd
$HLAG (-0,03%) has raised its profit forecast for 2024 and now expects EBIT of between 2,2 and 2,6 billion euros - previously the range was 1.2 to 2.2 billion euros.

The positive development is primarily due to higher freight rates and unexpectedly high demand. high demand for transportation services services.

However, costs have also risen as ships have been delayed due to geopolitical tensions and attacks by the Houthi rebels rebels in Yemen around the Cape of Good Hope.

Despite these challenges, the company is optimistic about the future, but points out that the forecast is subject to change in view of volatile freight rates. freight rates and global uncertainties. -Handelsblatt

Photo: Hapag-Lloyd

Companies that I find interesting but do not yet have in my portfolio and that have a 10-year average ROIC of over 10% and a 5-year average ROCE and ROIC of over 10%, $ANET (+0,39%), $MA (+0,87%) , $VRTX (+0,27%) , $RMS (-0,23%) , $PGHN (+1,81%) , $COLO B (+1,58%) , $ACN (+0,39%) , $MNST (+0,93%)
$FICO (+0,67%) , $MCO (+0,31%) , $KNIN (+0%) , $S&P Global, $ISRG (+0,56%)
$III (+0,47%) , $BKNG (+0,37%)
$HLAG (-0,03%) , $QCOM (+0,55%) , $CFR (+0,38%) and $IFX (+0,06%) . Already blatant companies

10.09.2024

Oracle exceeds expectations +
JPMorgan resumes Hapag-Lloyd with 'Underweight' + China's exports rise faster than expected + Apple presentation hardly moves

Oracle $ORCL (+1,37%) reported first-quarter results late Monday that beat Wall Street estimates, driven by the strength of the software maker's cloud offerings. Adjusted earnings per share rose to $1.39 in the three months through August from $1.19 a year earlier, beating the consensus of $1.33 polled by Capital IQ. Revenue rose 7% to $13.31 billion, beating analysts' estimate of $13.24 billion. Shares rose 7.9% in after-hours trading. Cloud services and license support revenue rose 10% to $10.52 billion, while the cloud licenses and on-premise licenses segment grew 7% to $870 million. The hardware and services segments recorded declines of 8% and 9% respectively. Oracle's remaining performance obligations - future obligations from contractual relationships - increased 53% to a record $99 billion, which will accelerate revenue growth throughout fiscal 2025.

The US bank JPMorgan $JPM (-0,04%) has increased the valuation of the shares of Hapag-Lloyd $HLAG (-0,03%) with an "Underweight" rating and a price target of 85 euros. In the European transportation and logistics sector, analyst Alexia Dogani focuses on companies with strong competitive positions with high entry barriers and significant pricing power such as DHL $DHL (+0,29%) and InPost $INPST (+1,95%). She also likes companies such as DSV $DSV (-0,47%) and Kuehne + Nagel $KNIN (+0%)which have consolidated the market in order to improve cost development through economies of scale and leverage. On the other hand, she is skeptical about container shipping companies such as Moller-Maersk $MAERSK B (-0,44%), ZIM $ZIM (+2,17%) and Hapag-Lloyd. Dark clouds are gathering over them, as interest rates have peaked and the supply of capacity continues to increase.

A glimmer of hope for China's economic recovery: exports from the second-largest economy grew more strongly than expected in August. According to data from the Beijing customs authority, exports rose by 8.7 percent year-on-year to the equivalent of 309 billion US dollars (around 280 billion euros). This means that Chinese exports have increased for the fifth month in a row. Imports increased by 0.5 percent. Analysts had previously expected exports to increase by 6.6 percent, while they expected imports to rise by 2.5 percent.

In the context of the presentation of new AI-enabled iPhones and other innovations, the share price rose by Apple $AAPL (+0,54%) (unchanged) were volatile within narrow limits, but turned slightly positive at the end. According to JP Morgan analyst Samik Chatterjee, a large part of the new developments had already been leaked via leaks in the supply chain.

• iPhone 16 Pro (Max) & 16 (Plus): Larger batteries and the A18 (Pro) for the same price
• Apple AirPods 4: New design and ANC for the open in-ears
• Apple Watch 10: Thinner smartwatch with new OLED display and new water sensors
• Apple Watch: not an Ultra 3, but a black Ultra 2

Tuesday: Stock market dates, economic data, quarterly figures

Quarterly figures / company dates USA / Asia

17:00 Boeing deliveries 8/24

18:00 Nike AGM

Untimed: Gamestop Corporation quarterly figures

Quarterly figures / Company dates Europe

11:00 Jost Werke Capital Markets Day

Untimed: Renk Group Capital Markets Day

Economic data

• 04:00 CN: Foreign trade August trade balance PROGNOSE: +80.00 bn USD previous: +84.65 bn Euro Exports PROGNOSE: +6.6% yoy previous: +7.0% yoy Imports PROGNOSE: +2.5% yoy previous: +7.2% yoy
• 08:00 DE: Consumer prices (final) August PROGNOSE: -0.1% yoy/+1.9% yoy Preliminary: -0.1% yoy/+1.9% yoy Previous: +0.3% yoy/+2.3% yoy HICP PROGNOSE: -0.2% yoy/+2.0% yoy Preliminary: -0.2% yoy/+2.0% yoy Previous: +0.5% yoy/+2.6% yoy
• 08:00 UK: Labor market data August unemployment benefit recipients Unemployment rate 3 months (ILO) FORECAST: 4.2% previous: 4.2%
• 23:59 US: 3h to go until the TV debate between the candidates for the US presidency Kamala Harris and Donald Trump

What do you think of $HLAG (-0,03%) ? I would like to hear your opinion. I'm considering adding it to my portfolio, but I think it's a bit too expensive at the moment. What do you think?

$HLAG (-0,03%) The Executive Board will propose a dividend of € 9.25. The ex-date is 03.05.

What is your current opinion on logistics, e.g. $HLAG (-0,03%)
$1919 (-3,35%) or $KNIN (+0%)

Logistics is always growing in my eyes. More and more important in times of e-commerce. $KNIN (+0%) eig always open and ready for new innovative projects. A possible takeover of DB Schenker is also on the cards.

Fewer and fewer shipping companies are sailing through the Suez Canal. The reason for this is the attacks by the Huthi rebels. The price of oil and freight rates are already rising.

Is this fueling inflation again? The exploding freight rates were one of the main reasons for inflation. Can the shipping companies repeat their record year 2022?

Do you have any thoughts on this?

https://www.bbc.com/news/business-67748605

https://m.focus.de/finanzen/news/rebellen-greifen-frachter-an-droht-naechster-preisschock-schiffer-meiden-suezkanal_id_259506340.html

$MAERSK A (+0,1%)
$MAERSK B (-0,44%)

$HLAG (-0,03%)

$MSC

$600428

Share analysis/share presentation ⬇️

Today we are talking about the company Hapag Llyod: $HLAG (-0,03%)

What is Hapag Llyod and what does it do?

Hapag-Lloyd is an international shipping company that provides container transportation services. It operates a fleet of container ships and offers worldwide services for the transportation of goods. The company is headquartered in Hamburg, Germany, and is one of the largest container carriers in the world. Hapag-Lloyd offers a wide range of services for various industries and is known for its reliability, efficiency and customer focus. Overall, Hapag-Lloyd plays an important role in global trade and contributes to the worldwide logistics of goods.

How many people does the company employ?

Hapag Llyod currently employs a total of around 16,000 people.

Market capitalization:

Hapag Llyod currently has a market capitalization of around 21.14 billion euros.

Dividend yield:

The company does not currently pay a dividend yield to its shareholders.

Strengths of the share:

Some of Hapag Llyod's strengths are:

• World's largest fleet of container ships: Hapag-Lloyd has an impressive fleet of container ships, which gives them a strong position in the shipping industry.
• Broad network with over 130 liner services: Their extensive network allows them to serve a variety of trade routes and ports worldwide.
• Strong presence in key trade routes and ports: Hapag-Lloyd has a presence in key trade routes and ports, giving them a competitive advantage.
• High service quality and reliability: They have built a reputation for high service quality and reliability in the delivery of goods.
• Ability to innovate and use the latest technologies: Hapag-Lloyd is known for their ability to innovate and use cutting-edge technologies to meet the increasing demands of the shipping industry.

Weaknesses of the stock:

Some weaknesses of Hapag Llyod are:

• Dependence on the global economic situation: as Hapag-Lloyd is heavily dependent on global trade, economic downturns can affect its business.
• Challenges from rising fuel costs: As fuel accounts for a significant proportion of operating costs, rising prices may affect Hapag-Lloyd's profitability.
• Competition in the shipping industry: The industry is highly competitive and Hapag-Lloyd competes with other major shipping companies for market share.
• Logistical challenges: The smooth operation of a global logistics infrastructure can sometimes present logistical challenges.

A little more about the business model:

Hapag-Lloyd is an international shipping company specializing in the transport of containers. Its business model is based on various core activities that are closely interlinked. Firstly, Hapag-Lloyd operates a fleet of container ships that operate worldwide. These ships transport containers with goods via various trade routes and ports. Hapag-Lloyd offers various liner services to meet the needs of customers and ensure the smooth transportation of goods. Secondly, Hapag-Lloyd offers additional services that are closely related to container transportation. These include, for example, container rental and the provision of container terminals. These services enable Hapag-Lloyd to support the entire logistics process and offer customers a comprehensive solution. Another important aspect of Hapag-Lloyd's business model is its cooperation with partners. Hapag-Lloyd is part of various alliances and cooperations to build a global network and offer customers a wide range of transportation options. Through these partnerships, they can expand their reach and offer more efficient transportation solutions. In addition, digitalization is playing an increasingly important role in Hapag-Lloyd's business model. They use state-of-the-art technologies to optimize their processes and increase efficiency. For example, they use digital platforms to simplify the booking process and improve communication with customers. Hapag-Lloyd's business model aims to offer customers reliable and efficient container transportation.

A little more about the industry:

The industry in which Hapag-Lloyd operates is the shipping and logistics industry. As an international shipping company, Hapag-Lloyd focuses on the transportation of containers via various trade routes and ports worldwide. In this industry, Hapag-Lloyd competes with other shipping companies that offer similar services. The shipping and logistics industry is of global importance as it enables international trade and the transportation of goods by sea. Companies in this industry must offer efficient and reliable transportation solutions in order to meet customer requirements and remain competitive.

When and where was Hapag Llyod founded?

Hapag-Lloyd was founded in 1970 and is headquartered in Hamburg, Germany. The company was formed from the merger of two traditional German shipping companies, Hamburg-Amerikanische Packetfahrt-Gesellschaft and Norddeutsche Lloyd. Hapag was founded in 1847 and NDL in 1857, creating one of the largest container shipping companies in the world. Since then, Hapag-Lloyd has continuously expanded its business and is now a globally active company with a fleet of modern container ships. It plays an important role in international sea transportation and offers its customers logistics solutions worldwide.

The aim of Hapag-Lloyd :

Hapag-Lloyd's goal is to provide reliable and efficient transportation and logistics solutions to its customers worldwide. The company strives to be a leading provider in the container shipping sector and to further expand its position in the global shipping industry. Hapag-Lloyd attaches great importance to customer satisfaction and is constantly working to improve its services and meet the ever-changing needs of its customers. The company is also committed to sustainability and environmentally friendly practices in order to minimize the impact of its activities on the environment. Hapag-Lloyd strives to be a trusted partner for international trade and to support global goods logistics.

Your opinion:

Now I would like to hear your opinion on this stock in the comments.

I personally find the company very interesting and will continue to monitor it. It was an unknown company to me until recently, but that's exactly why I wanted to introduce the share to you.

What do you think of Hapag Llyod and were you already familiar with this company?

Do you already have the share in your portfolio?

Please let me know in the comments.

This is of course not investment advice but just my own opinion that I would like to share with you.

Here are the links to the sources:

https://de.marketscreener.com/kurs/aktie/HAPAG-LLOYD-AG-24857717/

https://www.finanzen.net/aktien/hapag-lloyd-aktie

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