DANAOS CORP (DAC) Stock Fundamental Analysis
NYSE:DAC - MHY1968P1218 - Common Stock
94.68 USD
+2.43 (+2.63%)
94.68 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to DAC. DAC was compared to 35 industry peers in the Marine Transportation industry. DAC gets an excellent profitability rating and is at the same time showing great financial health properties. DAC is valued quite cheap, but it does not seem to be growing. With these ratings, DAC could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
DAC had positive earnings in the past year.
In the past year DAC had a positive cash flow from operations.
In the past 5 years DAC has always been profitable.
In the past 5 years DAC always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 10.16%, DAC is doing good in the industry, outperforming 80.00% of the companies in the same industry.
DAC's Return On Equity of 12.79% is fine compared to the rest of the industry. DAC outperforms 77.14% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.13%, DAC is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for DAC is significantly above the industry average of 7.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 12.79% | ||
| ROIC | 9.13% |
ROA(3y)14.61%
ROA(5y)15.7%
ROE(3y)18.56%
ROE(5y)24.19%
ROIC(3y)12.84%
ROIC(5y)10.69%
1.3 Margins
The Profit Margin of DAC (44.62%) is better than 88.57% of its industry peers.
DAC's Profit Margin has improved in the last couple of years.
DAC has a Operating Margin of 49.04%. This is amongst the best in the industry. DAC outperforms 91.43% of its industry peers.
DAC's Operating Margin has improved in the last couple of years.
DAC's Gross Margin of 73.82% is amongst the best of the industry. DAC outperforms 88.57% of its industry peers.
DAC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.04% | ||
| PM (TTM) | 44.62% | ||
| GM | 73.82% |
OM growth 3Y0.35%
OM growth 5Y3.15%
PM growth 3Y-31.16%
PM growth 5Y11.15%
GM growth 3Y-0.61%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
DAC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
DAC has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, DAC has less shares outstanding
The debt/assets ratio for DAC is higher compared to a year ago.
2.2 Solvency
DAC has an Altman-Z score of 2.81. This is not the best score and indicates that DAC is in the grey zone with still only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.81, DAC belongs to the best of the industry, outperforming 88.57% of the companies in the same industry.
DAC has a debt to FCF ratio of 4.09. This is a neutral value as DAC would need 4.09 years to pay back of all of its debts.
DAC has a Debt to FCF ratio of 4.09. This is in the better half of the industry: DAC outperforms 77.14% of its industry peers.
DAC has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
DAC's Debt to Equity ratio of 0.20 is fine compared to the rest of the industry. DAC outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.09 | ||
| Altman-Z | 2.81 |
ROIC/WACC1.13
WACC8.08%
2.3 Liquidity
A Current Ratio of 5.36 indicates that DAC has no problem at all paying its short term obligations.
With an excellent Current ratio value of 5.36, DAC belongs to the best of the industry, outperforming 88.57% of the companies in the same industry.
A Quick Ratio of 5.21 indicates that DAC has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 5.21, DAC belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.36 | ||
| Quick Ratio | 5.21 |
3. Growth
3.1 Past
The earnings per share for DAC have decreased by -8.34% in the last year.
The Earnings Per Share has been growing by 24.25% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 4.20% in the past year.
Measured over the past years, DAC shows a quite strong growth in Revenue. The Revenue has been growing by 17.79% on average per year.
EPS 1Y (TTM)-8.34%
EPS 3Y15.86%
EPS 5Y24.25%
EPS Q2Q%-6.19%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y13.72%
Revenue growth 5Y17.79%
Sales Q2Q%6.43%
3.2 Future
Based on estimates for the next years, DAC will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.84% on average per year.
Based on estimates for the next years, DAC will show a decrease in Revenue. The Revenue will decrease by -3.31% on average per year.
EPS Next Y-2.31%
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
EPS Next 5YN/A
Revenue Next Year-1.37%
Revenue Next 2Y-0.54%
Revenue Next 3Y-3.31%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 3.67, the valuation of DAC can be described as very cheap.
88.57% of the companies in the same industry are more expensive than DAC, based on the Price/Earnings ratio.
DAC is valuated cheaply when we compare the Price/Earnings ratio to 26.84, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 3.57, the valuation of DAC can be described as very cheap.
88.57% of the companies in the same industry are more expensive than DAC, based on the Price/Forward Earnings ratio.
DAC is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.48, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.67 | ||
| Fwd PE | 3.57 |
4.2 Price Multiples
DAC's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. DAC is cheaper than 82.86% of the companies in the same industry.
DAC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DAC is cheaper than 65.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.3 | ||
| EV/EBITDA | 2.54 |
4.3 Compensation for Growth
DAC has an outstanding profitability rating, which may justify a higher PE ratio.
DAC's earnings are expected to decrease with -10.84% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
5. Dividend
5.1 Amount
DAC has a Yearly Dividend Yield of 3.70%.
DAC's Dividend Yield is a higher than the industry average which is at 6.64.
Compared to an average S&P500 Dividend Yield of 2.32, DAC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
5.2 History
The dividend of DAC decreases each year by -33.95%.
DAC has been paying a dividend for over 5 years, so it has already some track record.
DAC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-33.95%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
DAC pays out 13.76% of its income as dividend. This is a sustainable payout ratio.
The Dividend Rate of DAC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP13.76%
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
94.68
+2.43 (+2.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners19.34%
Inst Owner Change1.22%
Ins Owners1.53%
Ins Owner ChangeN/A
Market Cap1.73B
Analysts80
Price Target103.53 (9.35%)
Short Float %5.08%
Short Ratio5.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
Yearly Dividend3.27
Dividend Growth(5Y)-33.95%
DP13.76%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.27%
Min EPS beat(2)-7.07%
Max EPS beat(2)-5.47%
EPS beat(4)1
Avg EPS beat(4)-3.54%
Min EPS beat(4)-7.07%
Max EPS beat(4)3.36%
EPS beat(8)1
Avg EPS beat(8)-5.49%
EPS beat(12)4
Avg EPS beat(12)-0.62%
EPS beat(16)8
Avg EPS beat(16)11.36%
Revenue beat(2)1
Avg Revenue beat(2)1.11%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)5%
Revenue beat(4)1
Avg Revenue beat(4)-1.06%
Min Revenue beat(4)-4.17%
Max Revenue beat(4)5%
Revenue beat(8)3
Avg Revenue beat(8)-0.57%
Revenue beat(12)7
Avg Revenue beat(12)2.21%
Revenue beat(16)11
Avg Revenue beat(16)4.92%
PT rev (1m)2.01%
PT rev (3m)7.41%
EPS NQ rev (1m)-0.33%
EPS NQ rev (3m)-3.67%
EPS NY rev (1m)-1.2%
EPS NY rev (3m)-1.2%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-4.21%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-3.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.67 | ||
| Fwd PE | 3.57 | ||
| P/S | 1.68 | ||
| P/FCF | 9.3 | ||
| P/OCF | 2.84 | ||
| P/B | 0.48 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 2.54 |
EPS(TTM)25.83
EY27.28%
EPS(NY)26.49
Fwd EY27.98%
FCF(TTM)10.18
FCFY10.75%
OCF(TTM)33.36
OCFY35.23%
SpS56.24
BVpS196.21
TBVpS196.21
PEG (NY)N/A
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 12.79% | ||
| ROCE | 11.56% | ||
| ROIC | 9.13% | ||
| ROICexc | 10.74% | ||
| ROICexgc | 10.74% | ||
| OM | 49.04% | ||
| PM (TTM) | 44.62% | ||
| GM | 73.82% | ||
| FCFM | 18.09% |
ROA(3y)14.61%
ROA(5y)15.7%
ROE(3y)18.56%
ROE(5y)24.19%
ROIC(3y)12.84%
ROIC(5y)10.69%
ROICexc(3y)14.28%
ROICexc(5y)11.66%
ROICexgc(3y)14.28%
ROICexgc(5y)11.66%
ROCE(3y)16.25%
ROCE(5y)13.53%
ROICexcg growth 3Y8.88%
ROICexcg growth 5Y10.92%
ROICexc growth 3Y8.88%
ROICexc growth 5Y10.92%
OM growth 3Y0.35%
OM growth 5Y3.15%
PM growth 3Y-31.16%
PM growth 5Y11.15%
GM growth 3Y-0.61%
GM growth 5Y0.24%
F-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.09 | ||
| Debt/EBITDA | 1.09 | ||
| Cap/Depr | 265.61% | ||
| Cap/Sales | 41.22% | ||
| Interest Coverage | 14.36 | ||
| Cash Conversion | 91.87% | ||
| Profit Quality | 40.55% | ||
| Current Ratio | 5.36 | ||
| Quick Ratio | 5.21 | ||
| Altman-Z | 2.81 |
F-Score5
WACC8.08%
ROIC/WACC1.13
Cap/Depr(3y)266.68%
Cap/Depr(5y)220.86%
Cap/Sales(3y)37.53%
Cap/Sales(5y)32.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.34%
EPS 3Y15.86%
EPS 5Y24.25%
EPS Q2Q%-6.19%
EPS Next Y-2.31%
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y13.72%
Revenue growth 5Y17.79%
Sales Q2Q%6.43%
Revenue Next Year-1.37%
Revenue Next 2Y-0.54%
Revenue Next 3Y-3.31%
Revenue Next 5YN/A
EBIT growth 1Y-8.49%
EBIT growth 3Y14.12%
EBIT growth 5Y21.5%
EBIT Next Year32.54%
EBIT Next 3Y5.7%
EBIT Next 5YN/A
FCF growth 1Y-58.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.69%
OCF growth 3Y13.25%
OCF growth 5Y23.11%