Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Ernst Russ AG is a Germany-based international shipping company and maritime investment manager headquartered in Hamburg, with roots tracing back to 1893. It owns and operates a diversified fleet of seagoing vessels, including container ships, bulk carriers, and multi-purpose vessels, supporting global trade across Europe, the Americas, Asia, Africa, and Oceania. The company provides commercial and technical ship management, while structuring and managing maritime investment vehicles for its own account and third parties, delivering stable value growth for investors with suitable risk profiles. Ernst Russ AG emphasizes sustainable operations, investing in fuel-efficient ships and alternative energy to reduce its environmental impact as part of the essential global logistics infrastructure. Beyond shipping, it has historical involvement in real estate and alternative investments. Led by CEO Robert Gärtner and employing around 72 staff, Ernst Russ AG plays a key role in the marine shipping industry, connecting world trade networks through long-term, future-proof assets.
Margins and capital returns are both well above average: 32.33% operating margin, ROIC at 18.15%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 8.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 57% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (FY)
€158M
▼ -8.5% YoY
Net Income (FY)
€100M
▲ +39.1% YoY
Op. Margin
32.33%
▲ +0.8pp YoY
ROIC
18.15%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€41M
▼ -56.6% YoY
Op. Cash Flow (FY)
€86M
▼ -10.6% YoY
Net Debt
-€112M
Net Cash Position
Cash & Equiv.
€114M
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