As of May 27, 2025, DSV Panalpina A/S's estimated intrinsic value ranges from $1363.82 to $2490.22 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $2348.86 | +49.7% |
| Discounted Cash Flow (5Y) | $2040.01 | +30.0% |
| Dividend Discount Model (Multi-Stage) | $1363.82 | -13.1% |
| Dividend Discount Model (Stable) | $2490.22 | +58.7% |
| Earnings Power Value | $1787.41 | +13.9% |
Is DSV Panalpina A/S (DSV.CO) undervalued or overvalued?
With the current market price at $1569.00, the stock appears to be significantly undervalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate DSV Panalpina A/S's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 2.7% | 3.2% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 0.42 | 0.54 |
| Cost of equity | 4.9% | 7.0% |
| Cost of debt | 4.0% | 4.5% |
| Tax rate | 24.3% | 24.4% |
| Debt/Equity ratio | 0.22 | 0.22 |
| After-tax WACC | 4.6% | 6.4% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $2,040 | $487,556M | 88.8% |
| 10-Year Growth | $2,349 | $561,816M | 79.9% |
| 5-Year EBITDA | $675 | $159,356M | 65.6% |
| 10-Year EBITDA | $917 | $217,468M | 48.1% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $22,683M |
| Discount Rate (WACC) | 6.4% - 4.6% |
| Enterprise Value | $356,255M - $497,391M |
| Net Debt | $(2,943)M |
| Equity Value | $359,198M - $500,334M |
| Outstanding Shares | 240M |
| Fair Value | $1,494 - $2,081 |
| Selected Fair Value | $1787.41 |
| Metric | Value |
|---|---|
| Market Capitalization | $377250M |
| Enterprise Value | $374307M |
| Trailing P/E | 35.83 |
| Forward P/E | 34.29 |
| Trailing EV/EBITDA | 6.15 |
| Current Dividend Yield | 45.28% |
| Dividend Growth Rate (5Y) | 27.07% |
| Debt-to-Equity Ratio | 0.22 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $704.66 |
| Discounted Cash Flow (5Y) | 25% | $510.00 |
| Dividend Discount Model (Multi-Stage) | 20% | $272.76 |
| Dividend Discount Model (Stable) | 15% | $373.53 |
| Earnings Power Value | 10% | $178.74 |
| Weighted Average | 100% | $2039.70 |
Based on our comprehensive valuation analysis, DSV Panalpina A/S's weighted average intrinsic value is $2039.70, which is approximately 30.0% above the current market price of $1569.00.
Key investment considerations:
Given these factors, we believe DSV Panalpina A/S is currently significantly undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.