DHL GROUP (DHL.DE) Stock Fundamental Analysis
FRA:DHL - Deutsche Boerse Ag - DE0005552004 - Common Stock - Currency: EUR
Taking everything into account, DHL scores 5 out of 10 in our fundamental rating. DHL was compared to 17 industry peers in the Air Freight & Logistics industry. Both the profitability and the financial health of DHL get a neutral evaluation. Nothing too spectacular is happening here. DHL has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year DHL was profitable.
In the past year DHL had a positive cash flow from operations.
In the past 5 years DHL has always been profitable.
DHL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.72%, DHL is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
The Return On Equity of DHL (14.22%) is comparable to the rest of the industry.
The Return On Invested Capital of DHL (8.33%) is better than 75.00% of its industry peers.
DHL had an Average Return On Invested Capital over the past 3 years of 10.22%. This is above the industry average of 6.91%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.72% | ||
| ROE | 14.22% | ||
| ROIC | 8.33% |
ROA(3y)6.03%
ROA(5y)6.29%
ROE(3y)17.81%
ROE(5y)20.32%
ROIC(3y)10.22%
ROIC(5y)10.65%
1.3 Margins
Looking at the Profit Margin, with a value of 3.99%, DHL is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of DHL has remained more or less at the same level.
Looking at the Operating Margin, with a value of 6.97%, DHL is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
DHL's Operating Margin has improved in the last couple of years.
DHL has a Gross Margin (49.63%) which is in line with its industry peers.
In the last couple of years the Gross Margin of DHL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.97% | ||
| PM (TTM) | 3.99% | ||
| GM | 49.63% |
OM growth 3Y-10.95%
OM growth 5Y3.29%
PM growth 3Y-13.81%
PM growth 5Y-0.9%
GM growth 3Y2.61%
GM growth 5Y0.23%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DHL is still creating some value.
The number of shares outstanding for DHL has been reduced compared to 1 year ago.
Compared to 5 years ago, DHL has less shares outstanding
DHL has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.53 indicates that DHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
DHL has a Altman-Z score of 2.53. This is in the better half of the industry: DHL outperforms 68.75% of its industry peers.
DHL has a debt to FCF ratio of 4.40. This is a neutral value as DHL would need 4.40 years to pay back of all of its debts.
DHL has a better Debt to FCF ratio (4.40) than 68.75% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that DHL is somewhat dependend on debt financing.
DHL has a Debt to Equity ratio of 0.87. This is in the better half of the industry: DHL outperforms 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.4 | ||
| Altman-Z | 2.53 |
ROIC/WACC1.16
WACC7.18%
2.3 Liquidity
A Current Ratio of 1.07 indicates that DHL should not have too much problems paying its short term obligations.
DHL's Current ratio of 1.07 is fine compared to the rest of the industry. DHL outperforms 62.50% of its industry peers.
A Quick Ratio of 1.02 indicates that DHL should not have too much problems paying its short term obligations.
The Quick ratio of DHL (1.02) is better than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
The earnings per share for DHL have decreased by -1.38% in the last year.
DHL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.10% yearly.
DHL shows a small growth in Revenue. In the last year, the Revenue has grown by 4.50%.
Measured over the past years, DHL shows a small growth in Revenue. The Revenue has been growing by 5.85% on average per year.
EPS 1Y (TTM)-1.38%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%8.06%
Revenue 1Y (TTM)4.5%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%2.76%
3.2 Future
DHL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.18% yearly.
Based on estimates for the next years, DHL will show a small growth in Revenue. The Revenue will grow by 3.55% on average per year.
EPS Next Y11.08%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
EPS Next 5Y9.18%
Revenue Next Year2.92%
Revenue Next 2Y2.89%
Revenue Next 3Y3.12%
Revenue Next 5Y3.55%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 14.20, which indicates a correct valuation of DHL.
The rest of the industry has a similar Price/Earnings ratio as DHL.
The average S&P500 Price/Earnings ratio is at 26.34. DHL is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 11.68 indicates a reasonable valuation of DHL.
Based on the Price/Forward Earnings ratio, DHL is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of DHL to the average of the S&P500 Index (22.19), we can say DHL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.2 | ||
| Fwd PE | 11.68 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DHL indicates a somewhat cheap valuation: DHL is cheaper than 68.75% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, DHL is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.08 | ||
| EV/EBITDA | 6.23 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of DHL may justify a higher PE ratio.
PEG (NY)1.28
PEG (5Y)2.33
EPS Next 2Y11.24%
EPS Next 3Y10.68%
5. Dividend
5.1 Amount
DHL has a Yearly Dividend Yield of 4.47%, which is a nice return.
Compared to an average industry Dividend Yield of 0.73, DHL pays a bit more dividend than its industry peers.
DHL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
5.2 History
On average, the dividend of DHL grows each year by 10.08%, which is quite nice.
Dividend Growth(5Y)10.08%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
64.21% of the earnings are spent on dividend by DHL. This is not a sustainable payout ratio.
The dividend of DHL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP64.21%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
FRA:DHL (6/20/2025, 5:36:15 PM)
40.62
+0.4 (+0.99%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners29.67%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap48.74B
Analysts76
Price Target45.06 (10.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.47% |
Yearly Dividend1.86
Dividend Growth(5Y)10.08%
DP64.21%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.18%
Min EPS beat(2)2.31%
Max EPS beat(2)4.06%
EPS beat(4)2
Avg EPS beat(4)-0.83%
Min EPS beat(4)-5.63%
Max EPS beat(4)4.06%
EPS beat(8)3
Avg EPS beat(8)-2.67%
EPS beat(12)6
Avg EPS beat(12)0.13%
EPS beat(16)9
Avg EPS beat(16)2.27%
Revenue beat(2)1
Avg Revenue beat(2)-0.33%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)0.97%
Revenue beat(4)3
Avg Revenue beat(4)0.28%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)1.16%
Revenue beat(8)3
Avg Revenue beat(8)-2.53%
Revenue beat(12)6
Avg Revenue beat(12)-0.58%
Revenue beat(16)10
Avg Revenue beat(16)0.91%
PT rev (1m)0.34%
PT rev (3m)4.43%
EPS NQ rev (1m)-8.23%
EPS NQ rev (3m)-9.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.63%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.2 | ||
| Fwd PE | 11.68 | ||
| P/S | 0.58 | ||
| P/FCF | 8.08 | ||
| P/OCF | 5.48 | ||
| P/B | 2.05 | ||
| P/tB | 5.4 | ||
| EV/EBITDA | 6.23 |
EPS(TTM)2.86
EY7.04%
EPS(NY)3.48
Fwd EY8.56%
FCF(TTM)5.03
FCFY12.37%
OCF(TTM)7.42
OCFY18.26%
SpS70.62
BVpS19.79
TBVpS7.53
PEG (NY)1.28
PEG (5Y)2.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.72% | ||
| ROE | 14.22% | ||
| ROCE | 11.74% | ||
| ROIC | 8.33% | ||
| ROICexc | 9.73% | ||
| ROICexgc | 14.78% | ||
| OM | 6.97% | ||
| PM (TTM) | 3.99% | ||
| GM | 49.63% | ||
| FCFM | 7.12% |
ROA(3y)6.03%
ROA(5y)6.29%
ROE(3y)17.81%
ROE(5y)20.32%
ROIC(3y)10.22%
ROIC(5y)10.65%
ROICexc(3y)11.44%
ROICexc(5y)12.2%
ROICexgc(3y)17.45%
ROICexgc(5y)18.64%
ROCE(3y)14.41%
ROCE(5y)15.01%
ROICexcg growth 3Y-15.78%
ROICexcg growth 5Y1.42%
ROICexc growth 3Y-15.89%
ROICexc growth 5Y2.58%
OM growth 3Y-10.95%
OM growth 5Y3.29%
PM growth 3Y-13.81%
PM growth 5Y-0.9%
GM growth 3Y2.61%
GM growth 5Y0.23%
F-Score7
Asset Turnover1.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.4 | ||
| Debt/EBITDA | 1.94 | ||
| Cap/Depr | 59.89% | ||
| Cap/Sales | 3.38% | ||
| Interest Coverage | 6.37 | ||
| Cash Conversion | 83.2% | ||
| Profit Quality | 178.54% | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z | 2.53 |
F-Score7
WACC7.18%
ROIC/WACC1.16
Cap/Depr(3y)77.13%
Cap/Depr(5y)81.36%
Cap/Sales(3y)3.92%
Cap/Sales(5y)4.14%
Profit Quality(3y)154.97%
Profit Quality(5y)149.84%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.38%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%8.06%
EPS Next Y11.08%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
EPS Next 5Y9.18%
Revenue 1Y (TTM)4.5%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%2.76%
Revenue Next Year2.92%
Revenue Next 2Y2.89%
Revenue Next 3Y3.12%
Revenue Next 5Y3.55%
EBIT growth 1Y0.68%
EBIT growth 3Y-10.08%
EBIT growth 5Y9.34%
EBIT Next Year89.15%
EBIT Next 3Y27.66%
EBIT Next 5Y18.09%
FCF growth 1Y-13.16%
FCF growth 3Y-2.57%
FCF growth 5Y18.56%
OCF growth 1Y-18.56%
OCF growth 3Y-4.43%
OCF growth 5Y7.48%