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DSV A/S Unsponsored ADR
(OTC:DSDVY)
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Rating:53Neutral
Price Target:
$96.00
▼(-9.42% Downside)
Action:N/A
Date:09/24/26
The score is held back primarily by weakening financial quality (margin compression, higher leverage, and sharply weaker free-cash-flow momentum) and a clearly bearish technical setup (price below major moving averages with negative momentum). A constructive earnings call (slightly improved guidance and integration/synergy progress with expected working-capital normalization) helps offset some near-term concerns, but valuation remains a headwind given the high P/E and low yield.
Positive Factors
Asset-light global model
DSV’s asset-light model spans multiple transport modes and related logistics services, allowing it to coordinate capacity without owning the full transportation network. Its broad customer and geographic reach, plus cross-selling across forwarding and warehousing, supports durable scale and recurring relationships.
Negative Factors
Margin compression
Lower gross, EBITDA, EBIT, and net margins show that recent revenue growth is not translating into equivalent profitability. Persistent pricing, mix, or cost pressure would reduce earnings resilience and leave less operating leverage available to absorb weaker freight conditions or integration expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light global model
DSV’s asset-light model spans multiple transport modes and related logistics services, allowing it to coordinate capacity without owning the full transportation network. Its broad customer and geographic reach, plus cross-selling across forwarding and warehousing, supports durable scale and recurring relationships.
Read all positive factors
DSV A/S Unsponsored ADR (DSDVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$40.60B
Dividend Yield0.63%
Average Volume (3M)7.28K
Price to Earnings (P/E)40.3
Beta (1Y)0.85
Revenue Growth62.08%
EPS Growth-30.68%
CountryUS
Employees151,751
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)14.51
Shares Outstanding480,889,040
10 Day Avg. Volume0
30 Day Avg. Volume7,283
Financial Highlights & Ratios
PEG Ratio-1.63
Price to Book (P/B)3.22
Price to Sales (P/S)1.61
P/FCF Ratio20.27
Enterprise Value/Market Cap1.72
Enterprise Value/Revenue0.25
Enterprise Value/Gross Profit2.75
Enterprise Value/Ebitda2.60
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)4.79
Revenue Forecast (FY)$45.55B
DSV A/S Unsponsored ADR Business Overview & Revenue Model
Company Description
DSV A/S is an international logistics and transport provider, offering its services across a vast geographical footprint that includes Europe, the Middle East, Africa, the Americas, Asia, and Oceania. The company organizes its extensive offerings ...
How the Company Makes Money
DSV primarily makes money by selling logistics and freight-forwarding services and earning a margin (gross profit) between what it charges customers and what it pays underlying carriers and service providers. Key revenue streams include: (1) Air a...
DSV A/S Unsponsored ADR Earnings Call Summary
Earnings Call Date:Jul 22, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 21, 2026
Earnings Call Sentiment Positive
The call presented strong underlying financial progress: revenue growth (+23%), higher EBIT (DKK 6.3bn), improved conversion rates and clear CL and Air & Sea momentum. These positives are partially offset by material, but described as temporary, Road integration issues (delivery quality at 89% vs 93–95% target) that drove DKK 250–500m of incremental costs in H1 and by elevated net working capital tied to rates and property transactions. Management provided actions, timelines (expect Road quality recovery toward September and cash-flow normalization in Q3), and maintained confidence in achieving longer-term targets. Overall the positives (broad revenue/EBIT improvement, conversion gains, CL strength, debt reduction) outweigh the transitory setbacks.Positive Updates
Strong EBIT and Revenue Growth
EBIT increased to DKK 6.3 billion (H1 2026). Revenue rose 23% year-over-year, and group conversion improved to ~31% — supporting the company’s upgraded near-term outlook.
Negative Updates
Road Division Operational Disruption
Road reported EBIT of DKK 999 million in Q2 but included DKK ~250 million of one-offs; management estimates the integration-related extra cost in H1 at DKK 250–500 million. Delivery-in-full-on-time fell to ~89% (target historically 93–95%), increasing express and terminal costs.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong EBIT and Revenue Growth
EBIT increased to DKK 6.3 billion (H1 2026). Revenue rose 23% year-over-year, and group conversion improved to ~31% — supporting the company’s upgraded near-term outlook.
Read all positive updates
Company Guidance
DSV said it has tightened its 2026 outlook, lifting the bottom of its full‑year range from DKK 23.0bn to DKK 23.5bn while keeping an overall range of about DKK 2bn because of global uncertainty; the company expects Air & Sea market growth of low‑ to mid‑single digits for the remainder of the year with slightly lower yields, Road market growth in the low single digits, and the Middle East situation to be treated as unchanged, and reiterated its 2030 targets; cash conversion and working capital should normalize (net working capital expected to be brought to roughly 2%–3% over the next few quarters), gearing stood at 2.7x (vs 2.8x prior) with net interest‑bearing debt down ~DKK 7bn since the start of the integration, share buybacks will be assessed quarterly (not likely in Q3), Contract Logistics is on a run‑rate to deliver about DKK 6bn EBIT for the year, and Road’s Q2 EBIT was DKK 999m (including ~DKK 250m of one‑offs, with first‑half integration costs estimated between DKK 250m–500m) with delivery quality expected to recover toward historic ~93%–95% levels by September and most Road remediation benefits materializing into Q4.DSV A/S Unsponsored ADR Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 280.40B | 235.79B | 167.11B | 150.78B | 235.66B | 182.31B |
| Gross Profit | 25.33B | 25.86B | 42.97B | 43.82B | 52.15B | 37.62B |
| EBITDA | 26.84B | 23.64B | 21.16B | 23.28B | 29.67B | 20.02B |
| Net Income | 6.89B | 7.78B | 10.11B | 12.31B | 17.57B | 11.21B |
Balance Sheet | ||||||
| Total Assets | 303.51B | 290.35B | 236.54B | 147.11B | 159.04B | 161.40B |
| Cash, Cash Equivalents and Short-Term Investments | 10.06B | 13.18B | 81.79B | 6.45B | 10.16B | 8.30B |
| Total Debt | 95.53B | 97.94B | 82.82B | 40.09B | 38.98B | 36.75B |
| Total Liabilities | 177.53B | 172.67B | 122.04B | 78.14B | 87.30B | 87.12B |
| Stockholders Equity | 125.61B | 117.40B | 114.18B | 68.70B | 71.52B | 74.10B |
Cash Flow | ||||||
| Free Cash Flow | 9.52B | 18.67B | 9.22B | 14.08B | 25.05B | 10.72B |
| Operating Cash Flow | 12.27B | 20.66B | 11.65B | 16.46B | 26.85B | 12.20B |
| Investing Cash Flow | -1.52B | -74.74B | -2.38B | -2.03B | -966.00M | 420.00M |
| Financing Cash Flow | -19.55B | -12.94B | 67.94B | -17.57B | -24.25B | -8.68B |
DSV A/S Unsponsored ADR Technical Analysis
Negative
105.98
Price Trends
100.44
Negative
110.78
Negative
119.93
Negative
Market Momentum
-4.51
Positive
34.51
Neutral
7.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DSDVY, the sentiment is Negative. The current price of 105.98 is above the 20-day moving average (MA) of 92.33, above the 50-day MA of 100.44, and below the 200-day MA of 119.93, indicating a bearish trend. The MACD of -4.51 indicates Positive momentum. The RSI at 34.51 is Neutral, neither overbought nor oversold. The STOCH value of 7.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DSDVY.
DSV A/S Unsponsored ADR Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $25.18B | 27.91 | 40.68% | 0.82% | 6.77% | 12.05% | |
67 Neutral | $69.04B | 15.88 | 15.11% | 1.64% | 7.73% | 10.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $25.26B | 26.74 | 36.01% | 1.78% | -0.09% | 19.50% | |
62 Neutral | $80.08B | 17.59 | 29.07% | 6.97% | -0.18% | -19.99% | |
54 Neutral | $5.32B | 40.74 | 4.41% | ― | 7.55% | 114.56% | |
53 Neutral | $40.60B | 40.32 | 5.72% | 0.63% | 62.08% | -30.68% |
* Industrials Sector Average
DSDVY
DSV A/S Unsponsored ADR
86.44
-13.81
-13.77%
CHRW
CH Robinson
141.34
17.91
14.51%
EXPD
Expeditors International
193.71
81.75
73.02%
FDX
FedEx
291.73
113.86
64.02%
UPS
United Parcel
94.13
16.37
21.05%
GXO
GXO Logistics
46.36
-4.94
-9.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.