DSV AS
DSV: XCSE (DNK)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
DKK 5,986.00 | Hzytrc | Lfhpmyxyf |
DSV Rides the Wave of Tight Capacity
Business Strategy and Outlook
Following its acquisition of GIL in the third quarter of 2021, DSV is now the third-largest third-party logistics provider, or 3PL, globally, with around a 5% share in a highly fragmented market. Unlike peer Kuehne+Nagel, which has been in the industry for more than 125 years, DSV has accumulated its market share primarily through a series of strategic acquisitions over the past 30 years, which it has successfully integrated into its own operations.