DSV Stock Analysis: DSV | CO
Integrated Freight & Logistics | CO, Denmark | Market Cap: 336.431m DKK | 12M Return: -9.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 542M
EPS Trend: -78.9%
Qual. Beats: 0
Rev. Trend: 91.2%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 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 Denmark-based global freight forwarding and logistics provider operating across Europe, the Middle East, Africa, the Americas, Asia, Australia, and the Pacific. Founded in 1976 and headquartered in Hedehusene, the company is organized into three reporting segments - Air & Sea, Road, and Solutions - offering air and sea freight, road transport (full load, part load, and groupage), warehousing, e-commerce fulfilment, supply chain management, contract logistics, customs clearance, and project cargo services to clients in automotive, technology, healthcare, energy, industrial, consumer, defense, aerospace, and chemical industries.
The freight forwarding industry is typically asset-light, with operators arranging shipments through third-party carriers and capacity providers rather than owning transport fleets, which underpins the GICS classification of DSV under Industrials (Trucking). The company rebranded from DSV Panalpina A/S to DSV A/S in September 2021 following its acquisition of Swiss forwarder Panalpina.
- DB Schenker integration delivers targeted synergies amid one-off costs
- Air and sea freight volumes weaken on softer global trade demand
- European road freight margins pressured by competition and fuel costs
| Net Income: 6.87b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.72 > 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): 4.47 < 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 July 28, 2026, the stock is trading at DKK 1398.00 with a total of 482,752 shares traded. Over the past week, the price has changed by -16.04%, over one month by -9.81%, over three months by -15.73% and over the past year by -9.70%.
Current recommended Stop Loss: 1327.50 (which is 5% or 1.2 ATR below the current price).
DSV has no consensus analysts rating.
P/E Trailing = 46.8106
P/E Forward = 20.8768
P/S = 1.157
P/B = 2.725
P/EG = 0.9111
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 = 454b DKK (336b + Debt 128b - CCE 10.1b)
Interest Coverage Ratio = 3.23 (Ebit TTM 16.1b / Interest Expense TTM 4.98b)
EV/FCF = 47.48x (Enterprise Value 454b / FCF TTM 9.56b)
FCF Yield = 2.11% (FCF TTM 9.56b / Enterprise Value 454b)
FCF Margin = 3.29% (FCF TTM 9.56b / 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 = 1.50 (Enterprise Value 454b / 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 = 4.47 (Net Debt 118b / EBITDA 26.3b)
Debt / FCF = 12.30 (Net Debt 118b / FCF TTM 9.56b)
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 = 7.02% (E(336b)/V(464b) * Re(8.68%) + D(128b)/V(464b) * Rd(3.90%) * (1-Tc(0.32)))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.59 | Cagr: 5.97%
[DCF] Terminal Value 73.10% ; FCFF base≈11.6b ; Y1≈10.2b ; Y5≈8.20b
[DCF] Fair Price = 58.76 (EV 132b - Net Debt 118b = Equity 14.0b / 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=18.57 | Chg30d=+3.52% | Revisions=+62% | Analysts=6
EPS current Year (2026-12-31): EPS=63.21 | Chg30d=-2.68% | Revisions=+40% | GrowthEPS=+24.2% | GrowthRev=+18.9%
EPS next Year (2027-12-31): EPS=86.43 | Chg30d=-0.03% | Revisions=+31% | GrowthEPS=+36.7% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +48% (up=23, down=7)