DSV A/S

DSV A/S

DSV.CO
DSV A/SDK flagNASDAQ Copenhagen
1,611.00
DKK
+38.00
- -
384.33BMarket Cap
DSV A/S
DSV.CO
(NASDAQ Copenhagen)

Recent

price

1,611.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
204.29
222.75
245.92
258.29
280.64
299.25
366.32
402.63
434.14
477.63
510.16
801.34
1,036.72
706.19
778.22
1,048.96
863.9
Revenue per Share
5.73
7.34
7.81
8.91
8.61
12.09
9.02
16.02
21.97
18.66
18.7
49.25
77.28
57.68
47.08
34.33
45.89
Basic EPS, GAAP
5.84
6.21
5.88
7.75
7.6
15.17
2.58
19.63
16.97
28.18
39.32
47.12
110.21
65.96
42.95
80.13
65.92
Free Cash Flow per Basic Share
0.25
0.54
1.04
1.33
1.56
1.66
1.77
1.84
2.09
2.13
2.59
4.04
5.81
6.67
7.14
7.14
7.6
Dividend per Share
1
0.97
1.03
1.02
1.02
1.13
1.03
1.02
83.83
250.64
221
327.29
310.58
325.13
530.65
520.84
537.64
Book Value per Share
-10.5
-17.19
-18.28
-15.45
-16.45
16.74
-20.92
-9.48
-12.14
-13.46
-6.02
-10.47
-26.1
-38.12
170.57
-141.08
-172.67
Tangible Book Value per Share
208
196
183
177
173
170
185
186
182
198
227
228
227
214
215
236
221
Basic Weighted Avg Shares
42,562
43,710
44,912
45,710
48,582
50,869
67,747
74,901
79,053
94,701
115,932
182,306
235,665
150,785
167,106
247,331
191,272
Sales/Revenue/Turnover
5.17
5.51
5.58
5.46
5.4
6
5.13
6.51
6.89
7.03
8.21
8.9
10.69
11.73
9.61
7.91
8.84
Operating Margin (%)
523
555
566
556
521
525
775
786
762
3,638
4,039
4,194
5,071
5,311
5,769
8,676
6,691
Depreciation Expense
1,194
1,440
1,427
1,577
1,490
2,056
1,668
2,981
4,000
3,700
4,250
11,205
17,568
12,315
10,109
8,095
10,160
Net Income, GAAP
28.07
27.37
29.17
26.07
25.97
23.47
26.69
20.67
23.32
25.82
24.33
24.49
23.9
24.76
24.2
30.33
25.26
Effective Tax Rate (%)
2.81
3.29
3.18
3.45
3.07
4.04
2.46
3.98
5.06
3.91
3.67
6.15
7.45
8.17
6.05
3.27
5.31
Profit Margin (%)
-160
-493
-64
678
148
4,859
2,685
2,986
2,481
-1,098
1,438
5,411
7,669
4,035
87,298
-4,086
-3,961
Working Capital
- -
6,091
6,190
6,066
5,702
4,309
8,725
6,491
6,593
15,691
17,124
28,841
34,588
34,143
78,176
81,034
83,389
LT Debt
6,585
5,309
5,385
6,248
6,081
11,841
13,378
14,809
14,532
49,319
47,297
74,278
71,741
68,966
114,503
117,690
113,926
Total Equity
25.66
17.95
14
14.28
15.1
15.91
12.48
16.75
18.89
10.68
10.31
13.4
16.94
11.93
7.89
6.54
7.33
Return on Invested Capital (%)
693.34
49.38
22.55
25.68
26.11
40.59
25.93
37.5
29.15
9.27
6.99
12.97
16.74
12.14
7.52
5.07
6.99
Return on Capital (%)
571.29
721.8
755.03
857.07
834.73
1,114.36
873.3
1,568.95
51.76
11.39
8.51
17.97
24.22
17.59
11.03
6.84
10.68
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
4,641
4,832
24,749
LT Borrowings
60,852
60,882
60,782
LT Finance Leases
17,324
16,981
22,607
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
235
235
236
Market Capitalization
318,698
283,418
336,979

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
126,512
128,081
89,158
Cash, Cash Equivalents & STI
81,790
85,638
16,422
Accounts Receivable, Net
27,222
26,921
45,303
Inventories
5,007
4,942
4,876
Total Current Liabilities
39,214
39,399
93,119
Payables & Accruals
- -
- -
- -
ST Debt
4,641
4,832
24,749
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
37.57%
23.71%
2.78%
Free Cash Flow
88.79%
36.05%
104.87%
Net Income, GAAP
25.41%
30.54%
-19.92%
Sales/Revenue/Turnover
20.08%
21.87%
48.01%
Total Cash Common Dividend
20.68%
25.05%
9.78%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
38,340
41,157
44,095
43,514
167,106
2025
41,680
61,983
71,685
- -
247,331
2026
70,416
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.4
12.9
13.6
- -
47.08
2025
12.64
9.9
- -
- -
34.33
2026
6.87
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.35
- -
- -
- -
7.14
2025
7.61
- -
- -
- -
7.14
2026
7.12
- -
- -
- -
- -
Business
DSV A/S is a Danish global transport and logistics company offering integrated supply chain solutions through its three core segments: Air & Sea, Road, and Solutions. The company provides air freight services including charter and sea-air freight; sea freight services encompassing less-than-container load (LCL), full container load (FCL), break bulk, specialized cargo handling, and shipping container services; road freight services such as full load, part load, groupage, and tailored project cargo solutions; and contract logistics including warehousing, fulfillment, inventory management, and supply chain optimization. DSV also offers freight management, customs clearance, order management, insurance, and e-commerce solutions across multiple industries including automotive, technology, healthcare, energy, industrial, consumer, defense, aerospace, and chemical sectors. DSV operates globally with offices in more than 80 countries across Europe, the Middle East, Africa, the Americas, Asia, Australia, and the Pacific, headquartered in Hedehusene, Denmark. Founded in 1976, the company employs over 73,000 people worldwide. In 2025, DSV completed the strategic acquisition of Schenker from Deutsche Bahn for approximately DKK 106.7 billion (around EUR 14.3 billion), significantly expanding its global footprint and establishing itself as a leading player in the transport and logistics industry. The integration of Schenker has commenced with a focus on the Air & Sea division, and DSV anticipates realizing annual synergies of DKK 9 billion by the end of 2028. The company introduced a new global leadership team and secured a framework agreement with German works councils to facilitate smooth integration and operational continuity. DSV has maintained a strong financial performance amidst the integration process, with continued organic growth and stable cash flow conversion. The company rebranded from DSV Panalpina A/S to DSV A/S in September 2021, reflecting its evolving market position and unified branding strategy. DSV’s operations emphasize asset-light logistics without owning ships or airplanes, relying on partnerships and digital platforms to provide real-time shipment tracking, documentation management, and customer support services. Its business model centers on delivering flexible, scalable, and technology-driven logistics solutions designed to enhance supply chain efficiency and visibility for a diverse customer base that spans from small enterprises to large multinational corporations. Jens Lund has served as CEO since February 2024, leading the company through its recent expansion and integration phases. DSV’s extensive service portfolio and geographic reach position it as a comprehensive logistics provider committed to innovation, sustainability, and customer-centric solutions worldwide.