Dampskibsselskabet Norden A/S (DNORD) Fair Value & Analysis
Industrials · DK · Market cap 9.2B DKK
Fair value as of: Jul 16, 2026
From 16 valuation models · updated 24 days ago
Fair value updated Jul 16, 2026, revised from kr 80.20 to kr 76.59 (−4.5%) since Jun 24, 2026. Share price −2.2% over the past month.
A solid business, but screening 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 95.74). The favourable scenario is already priced in.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range kr 83.70 – kr 401.99 · fair‑value band kr 56.78 – kr 95.74 · the kr 320.20 price screens above the kr 76.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Dampskibsselskabet Norden A/S (DNORD) currently trades at kr 320.20, while our model-based Fair Value estimate is kr 76.59, implying the stock looks roughly 76.1% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Dampskibsselskabet Norden A/S generated revenue of 3.1B DKK at a net margin of 3.2%. Revenue grew 1.8% year over year. It earns a return on equity of 7.7%. Net debt stands at 633M DKK. Fundamentals as of Jul 16, 2026
Our scenario range runs from kr 56.78 (bear case) to kr 95.74 (bull case); at kr 320.20, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 69% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 67% fair-value upside, at -76%, DNORD screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Growth Earnings (kr 81.11) versus Dividend Discount (kr 18.20). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 56 · Market factors (momentum, volatility) 72
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Dampskibsselskabet Norden A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. It operates through the Dry operator " large vessels, Dry operator " small vessels, Tanker operator, Dry owner, Tanker owner, and Logistics segments.
Full company description
Dampskibsselskabet Norden A/S, a shipping company, owns and operates dry cargo and tanker vessels worldwide. It operates through the Dry operator " large vessels, Dry operator " small vessels, Tanker operator, Dry owner, Tanker owner, and Logistics segments. The company offers ocean- and port-based freight services for bulk cargo, such as agricultural, ores, minerals, and coal; project cargo, including windmill, components, machinery, steel, and forestry products; and liquid bulk, such as diesel, gasoline, jet fuel, and soft oil. Its fleet includes owned and leased vessels, externally chartered tonnage, and its tanker pool. Dampskibsselskabet Norden A/S was founded in 1871 and is headquartered in Hellerup, Denmark.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Dampskibsselskabet Norden A/S reported revenue of kr 3.2B in FY2025 versus kr 3.6B in FY2021, a compound −2.2%/yr. Reported net income was kr 125M in FY2025, compounding −11.6%/yr from FY2021.
DNORD screens 76% overvalued. Compare with Adani Ports and Special Economic Zone Limited →
Peer Group
Marine Shipping · 231 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Marine Shipping median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 20/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adani Ports and Special Economic Zone Limited ADANIPORTS | ₹1,828 | ₹1,041 | -43% |
| A.P. Møller - Mærsk A/S MAERSKA | kr 16,520 | kr 3,033 | -82% |
| COSCO SHIPPING Holdings 601919 | ¥13.98 | ¥40.37 | +189% |
| Shanghai International Port (Group) Co 600018 | ¥5.17 | ¥6.57 | +27% |
| HMM Co 011200 | 20,050 KRW | 33,855 KRW | +69% |
| Ningbo Zhoushan Port Company 601018 | ¥3.35 | ¥5.58 | +67% |
| Qingdao Port International Co 601298 | ¥8.88 | ¥15.97 | +80% |
| JSW Infrastructure Limited JSWINFRA | ₹330.05 | ₹126.31 | -62% |
| Wan Hai Lines Ltd 2615 | 80.70 TWD | 212.79 TWD | +164% |
| Wallenius Wilhelmsen ASA WAWI | kr 137.70 | kr 50.56 | -63% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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