Loading…
Owner and operator of container ships that are chartered out to global container liner shipping companies.
Owner and operator of container ships that are chartered out to global container liner shipping companies.
Earns day-rate hire from liner companies that charter its ships, usually for fixed periods, so income depends on how much of the fleet is fixed at what rate rather than on freight rates themselves. The ships are small feeders that carry boxes between big hubs and smaller ports.
In one line: A container-ship owning/leasing company chartering vessels to liner operators.
Moat: none (scale). Asset-owning charter business with earnings tied to the charter rate cycle and little differentiation.
Headquarters: Oslo, Norway · Founded: 2017 · Employees: 40
Size MPC Container Ships (MPCC.OL) is a Norway Industrials company (Marine Shipping) with a market value of $1.26B, the 55th largest of 115 Norway companies the cockpit tracks. Shares closed at NOK 23.90 on 6 Nov 2026.
Performance Over six months the shares gained 0.4%, against +0.3% for the median peer and +2.7% for the Norway market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue fell 15.2% over the last twelve months (peer median +5.4%); the operating margin is 37.3% (peer median 12.9%).
Valuation It trades at 7.8× forward earnings against a peer median of 8.7× (6th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -40 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.5 points above its cost of capital (6.3% WACC).
Credit MPC Container Ships has 1 bond outstanding ($200M).
Next results Next results expected around 25 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NOK 4.81B | NOK 5.38B | NOK 5.82B | NOK 7.52B | NOK 5.93B |
| Revenue growth | — | -8% | -23% | +27% | — |
| Gross profit | NOK 1.97B | NOK 2.39B | NOK 2.91B | NOK 4.39B | NOK 3.48B |
| EBITDA | NOK 2.71B | NOK 3.04B | NOK 3.48B | NOK 5.32B | NOK 4.07B |
| Net income | NOK 2.06B | NOK 2.46B | NOK 2.87B | NOK 3.43B | NOK 4.18B |
| Free cash flow | NOK 1.17B | NOK 1.47B | -NOK 930M | NOK 2.78B | NOK 3.72B |
| Capital expenditure | NOK 1.58B | NOK 1.49B | NOK 4.36B | NOK 2.67B | NOK 953M |
| Total debt | NOK 4.32B | NOK 5.08B | NOK 3.90B | NOK 1.29B | NOK 1.51B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MPC Container Ships MPCC.OL | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% |
| Global Ship Lease GSL | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% |
| Costamare CMRE | $1.54B | -28% | -42% | 44% | 5.2× | -6.9% |
| Danaos DAC | $2.70B | +10% | +2% | 48% | 5.3× | -8.7% |
| Navios Maritime Partners LP NMM | $2.42B | +14% | +19% | 39% | 3.9× | n/a |
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 | MPCC.OL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.3% | -5.4% | lowest of 21 |
| 6-month return | +0.4% | +0.3% | 10th highest of 20 |
| Distance from 52-week high | -20.7% | -16.0% | 6th lowest of 21 |
| Revenue growth (TTM) | -15.2% | +5.4% | 2nd lowest of 20 |
| Operating margin | 37.3% | 12.9% | 6th highest of 20 |
| Forward P/E | 7.8× | 8.7× | 6th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -13.3% | -4.3% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +27.1% | +10.1% | highest of 13 |
| Hurdle (Req g minus delivered) | -40.5 pp | -14.8 pp | least demanding of 13 |
| ROIC minus cost of capital | +7.5 pp | +0.2 pp | highest of 19 |
| EV / EBITDA | 4.4× | 5.5× | 2nd cheapest of 18 |
| Net debt / EBITDA | 0.1× | 1.6× | 5th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MPC Container Ships MPCC.OL | Norway | $1.26B | 0% | -15% | 37% | 7.8× | -13.3% | +27.1% |
| Rizhao Port 600017.SS | China | $1.26B | -7% | +3% | 13% | 17.1× | n/a | n/a |
| Capital Clean Energy Carriers CCEC | United States | $1.24B | +3% | +5% | 50% | 8.1× | n/a | n/a |
| Dfds A/s DFDS.CO | Denmark | $1.33B | +8% | +3% | 3% | 17.0× | 4.6% | +17.2% |
| Volare Shipping VLCC.OL | Norway | $1.17B | n/a | n/a | n/a | n/a | n/a | n/a |
| Solstad Maritime SOMA.OL | Norway | $1.36B | -6% | +17% | 40% | 5.5× | -2.5% | +22.7% |
| Genco Shipping & Trading GNK | United States | $1.13B | 0% | +26% | 17% | 10.2× | n/a | n/a |
| Global Ship Lease GSL | United States | $1.41B | -8% | +6% | 48% | 4.1× | -15.2% | +22.1% |
| 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% |
| Dampskibsselskabet NORDEN A/S DNORD.CO | Denmark | $1.46B | +15% | +7% | 3% | 9.6× | n/a | n/a |
| Iino Kaiun Kaisha,Ltd 9119.T | Japan | $1.04B | -6% | +1% | 11% | 11.6× | 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% |
| Cj Logistics 000120.KS | South Korea | $1.01B | -32% | +5% | 4% | 7.8× | -4.0% | +2.6% |
| 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 |
| Odfjell ODF.OL | Norway | $960M | +3% | -10% | 18% | 6.9× | -12.7% | +5.6% |
| U-Ming Marine Transport 2606.TW | Taiwan | $1.70B | +6% | +13% | 29% | 8.7× | -3.8% | +12.8% |
| Evergreen International Storage & Transport 2607.TW | Taiwan | $897M | +18% | -15% | 11% | n/a | n/a | n/a |
| Stolt-Nielsen SNI.OL | Norway | $1.82B | +4% | -5% | 11% | 8.8× | -4.5% | +9.5% |
MPC Container Ships has 1 bond outstanding with $200M face value.