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Operates ferry routes and freight logistics across the North Sea, Baltic and Mediterranean.
Operates ferry routes and freight logistics across the North Sea, Baltic and Mediterranean.
Earns mostly from carrying trucks and trailers on roll-on roll-off ferries, with passengers, cabins and onboard sales as a secondary stream, plus logistics services that organise customers' transport end to end. The Lauritzen Foundation, a Danish charitable foundation, is the largest shareholder. A 2022 purchase of Turkey's UN Ro-Ro extended the Mediterranean network.
Moat: narrow (installed base, regulatory licence, scale). Established route network and port slots across Northern Europe are difficult and slow to replicate.
Headquarters: Copenhagen, Denmark · Founded: 1866 · Employees: 16,138
Size Dfds A/s (DFDS.CO) is a Denmark Industrials company (Marine Shipping) with a market value of $1.33B, the 40th largest of 59 Denmark companies the cockpit tracks. Shares closed at DKK 152.90 on 6 Nov 2026.
Performance Over six months the shares gained 8.4%, against -2.9% for the median peer and +8.8% for the Denmark market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 3.4% over the last twelve months (peer median +5.4%); the operating margin is 2.7% (peer median 18.1%).
Valuation It trades at 17.0× forward earnings against a peer median of 8.1× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | DKK 31.5B | DKK 30.9B | DKK 29.8B | DKK 27.3B | DKK 26.9B |
| Revenue growth | — | +4% | +9% | +2% | — |
| Gross profit | DKK 2.16B | DKK 1.71B | DKK 2.86B | DKK 3.44B | DKK 3.46B |
| EBITDA | DKK 4.10B | DKK 3.62B | DKK 4.44B | DKK 4.88B | DKK 4.95B |
| Net income | -DKK 21.0M | -DKK 427M | DKK 535M | DKK 1.52B | DKK 2.01B |
| Free cash flow | DKK 2.13B | DKK 1.82B | DKK 1.93B | DKK 2.10B | DKK 1.71B |
| Capital expenditure | DKK 1.58B | DKK 1.58B | DKK 1.58B | DKK 1.66B | DKK 2.84B |
| Total debt | DKK 16.0B | DKK 17.0B | DKK 18.7B | DKK 15.2B | DKK 15.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DFDS.CO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.2% | -6.2% | 7th highest of 21 |
| 6-month return | +8.4% | -2.9% | 4th highest of 20 |
| Distance from 52-week high | -12.6% | -16.9% | 5th highest of 21 |
| Revenue growth (TTM) | +3.4% | +5.4% | 9th lowest of 20 |
| Operating margin | 2.7% | 18.1% | lowest of 20 |
| Forward P/E | 17.0× | 8.1× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 4.6% | -4.5% | 2nd most demanding of 14 |
| Growth delivered (Del g) | +17.2% | +10.7% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -12.6 pp | -16.7 pp | 5th most demanding of 14 |
| ROIC minus cost of capital | -2.6 pp | +1.1 pp | 2nd lowest of 19 |
| EV / EBITDA | 5.6× | 5.3× | 8th most expensive of 18 |
| Net debt / EBITDA | 3.4× | 1.6× | 4th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| MITSUI-SOKO 9302.T | Japan | $1.52B | -22% | +6% | 7% | 17.8× | -1.6% | +3.4% |
| Costamare CMRE | United States | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% | +13.0% |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| NS United Kaiun Kaisha,Ltd 9110.T | Japan | $1.58B | +39% | +11% | 11% | n/a | -5.0% | +10.7% |
| Ningbo Ocean Shipping 601022.SS | China | $1.58B | -7% | +13% | 11% | n/a | n/a | n/a |
| 2020 Bulkers 2020.OL | Norway | $1.10B | +20% | +256% | 92% | 170.2× | 9.2% | +7.3% |
| d'Amico International Shipping DIS.MI | Italy | $1.09B | -3% | -15% | 36% | 8.0× | -7.3% | +2.3% |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | n/a | n/a |
| U-Ming Marine Transport 2606.TW | Taiwan | $1.70B | +6% | +13% | 29% | 8.7× | -3.8% | +12.8% |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| Stolt-Nielsen SNI.OL | Norway | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% | +9.5% |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| CSSC (Hong Kong) Shipping 3877.HK | Hong Kong | $1.85B | -4% | -10% | 60% | 7.2× | -3.2% | +14.9% |