Ernst Russ AG/€HXCK
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Ernst Russ AG
Ernst Russ AG is an international shipping company and maritime investment manager headquartered in Hamburg, Germany. The company operates a fleet of 26 vessels, including container ships ranging from 700 to 13,400 TEU, a handysize bulker, and a multipurpose vessel. Founded in 1985, Ernst Russ AG has roots tracing back to 1893 through its predecessor entities. The company focuses on sustainable fleet management and offers comprehensive maritime services, leveraging its extensive industry experience and network of strategic partners.
- Ticker
- €HXCK
- Sector
- Finance
- Primary listing
- XETRA
- Employees
- 46
- Headquarters
- Hamburg, Germany
- Website
- www.ernst-russ.de
Ernst Russ AG Metrics
BasicAdvanced
€302M
5.16
€1.74
1.23
€0.25
2.78%
Price and volume
Market cap
€302M
Beta
1.23
52-week high
€10.25
52-week low
€6.50
Average daily volume
10K
Dividend rate
€0.25
Financial strength
Current ratio
3.522
Quick ratio
3.363
Long term debt to equity
0.006
Total debt to equity
0.006
Dividend payout ratio (TTM)
14.32%
Interest coverage (TTM)
13.40%
Profitability
EBITDA (TTM)
63.403
Gross margin (TTM)
54.62%
Net profit margin (TTM)
38.35%
Operating margin (TTM)
20.16%
Effective tax rate (TTM)
-5.87%
Revenue per employee (TTM)
€3,330,000
Management effectiveness
Return on assets (TTM)
5.01%
Return on equity (TTM)
25.57%
Valuation
Price to earnings (TTM)
5.163
Price to revenue (TTM)
1.98
Price to book
1.16
Price to tangible book (TTM)
1.16
Price to free cash flow (TTM)
-25.377
Free cash flow yield (TTM)
-3.94%
Free cash flow per share (TTM)
-0.355
Dividend yield (TTM)
2.78%
Forward dividend yield
2.78%
Growth
Revenue change (TTM)
-8.97%
Earnings per share change (TTM)
10.38%
3-year revenue growth (CAGR)
-8.47%
10-year revenue growth (CAGR)
18.63%
3-year earnings per share growth (CAGR)
13.33%
10-year earnings per share growth (CAGR)
70.11%
3-year dividend per share growth (CAGR)
7.72%
Bulls say / Bears say
Fleet performance strengthened in H1 2026: average daily charter rates rose to USD 19,716 and utilisation was 98.3%. The USD 688.6 million charter backlog, with an average 32 months remaining, gives earnings better near-term visibility. (Ernst Russ AG)
Ernst Russ is broadening its fleet beyond container ships, adding multipurpose vessels and six product and chemical tankers. Long charters on the new vessels, including contracts of at least five years for the first four tankers, should diversify revenue and extend contracted income. (Ernst Russ AG)
The company reported EUR 38.1 million of operating cash flow and EUR 117.7 million of liquidity at the end of June, alongside a 73.4% equity ratio. This financial headroom could help it fund fleet growth and absorb weaker shipping conditions. (Ernst Russ AG)
Reported H1 EBIT fell to EUR 24.6 million, as the prior-year comparison included EUR 32.3 million of vessel-sale gains. The company also said its September guidance increase was mainly driven by the sale of MV EF Emma, so headline profit growth relies partly on disposals rather than recurring charter income. (Ernst Russ AG, Ernst Russ AG)
Co-CEO Robert Gärtner expects lower charter rates to put pressure on earnings. That is a risk for a shipowner whose future revenue depends on renewing charters in cyclical markets. (ShippingWatch)
Fleet investment has increased financing needs: interest-bearing liabilities rose from EUR 36.1 million to EUR 66.3 million in H1, which the company linked to vessel financing. Further tanker deliveries planned for 2027 add execution and debt-service exposure if charter earnings weaken. (Ernst Russ AG, Ernst Russ AG)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
Ernst Russ AG Financial Performance
Revenues and expenses
Ernst Russ AG Earnings Performance
Company profitability
Upcoming events
No upcoming events
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.