Maersk

___________________________________________________________________________________________________
THE TRINITY SCHOOL OF BUSINESS
BU7506 Corporate Finance
28 November 2014

Lecturer: Professor Brian Lucey

Evaluation of Capital Structure and
Value of Maersk

Cristina Cozma

14302432

Fredis Khalitov

14306841

Laurynas Gudaitis

14308375

Rory Pat O’Connor 13305169

A.P. Moller Maersk , 2014

CONTENTS
0
STAGE ZERO – SETTING THE STAGE ........................................................................................................ 2
Maersk Background ............................................................................................................................ 2
Financial Performance ........................................................................................................................ 3
Taxation............................................................................................................................................... 5
Operating leverage ............................................................................................................................. 6
Accessing Finance ............................................................................................................................... 7
STAGE ONE- DESCRIPTION ...................................................................................................................... 8
Mix of Debt and Equity over the past three years .............................................................................. 8
Maturity of debt and equity versus assets ....................................................................................... 11
Currency analysis .............................................................................................................................. 12
Exoticness ......................................................................................................................................... 13

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