DHL GROUP (DHL.DE) Fundamental Analysis & Valuation

FRA:DHL • DE0005552004

46.17 EUR
+0.28 (+0.61%)
Last: Mar 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This DHL.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

DHL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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.


Dividend Valuation Growth Profitability Health

6

1. DHL.DE Profitability Analysis

1.1 Basic Checks

  • DHL had positive earnings in the past year.
  • In the past year DHL had a positive cash flow from operations.
  • Of the past 5 years DHL 4 years were profitable.
  • DHL had a positive operating cash flow in 4 of the past 5 years.
DHL.DE Yearly Net Income VS EBIT VS OCF VS FCFDHL.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

  • DHL has a better Return On Assets (5.15%) than 70.59% of its industry peers.
  • DHL's Return On Equity of 16.43% is in line compared to the rest of the industry. DHL outperforms 58.82% of its industry peers.
  • DHL's Return On Invested Capital of 9.06% is fine compared to the rest of the industry. DHL outperforms 70.59% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DHL is in line with the industry average of 9.17%.
Industry RankSector Rank
ROA 5.15%
ROE 16.43%
ROIC 9.06%
ROA(3y)6.03%
ROA(5y)6.29%
ROE(3y)17.81%
ROE(5y)20.32%
ROIC(3y)10.22%
ROIC(5y)10.65%
DHL.DE Yearly ROA, ROE, ROICDHL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.24%, DHL is in the better half of the industry, outperforming 70.59% 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.
  • DHL's Operating Margin of 7.27% is fine compared to the rest of the industry. DHL outperforms 70.59% of its industry peers.
  • DHL's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 50.49%, DHL is doing good in the industry, outperforming 64.71% of the companies in the same industry.
  • DHL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.27%
PM (TTM) 4.24%
GM 50.49%
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%
DHL.DE Yearly Profit, Operating, Gross MarginsDHL.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. DHL.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DHL is creating some value.
  • DHL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DHL.DE Yearly Shares OutstandingDHL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
DHL.DE Yearly Total Debt VS Total AssetsDHL.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 2.49 indicates that DHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • DHL's Altman-Z score of 2.49 is in line compared to the rest of the industry. DHL outperforms 58.82% of its industry peers.
  • The Debt to FCF ratio of DHL is 3.91, which is a good value as it means it would take DHL, 3.91 years of fcf income to pay off all of its debts.
  • DHL has a better Debt to FCF ratio (3.91) than 70.59% of its industry peers.
  • A Debt/Equity ratio of 0.94 indicates that DHL is somewhat dependend on debt financing.
  • DHL's Debt to Equity ratio of 0.94 is fine compared to the rest of the industry. DHL outperforms 64.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 3.91
Altman-Z 2.49
ROIC/WACC1.49
WACC6.06%
DHL.DE Yearly LT Debt VS Equity VS FCFDHL.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 0.92 indicates that DHL may have some problems paying its short term obligations.
  • DHL's Current ratio of 0.92 is in line compared to the rest of the industry. DHL outperforms 41.18% of its industry peers.
  • DHL has a Quick Ratio of 0.92. This is a bad value and indicates that DHL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DHL has a Quick ratio (0.87) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.92
Quick Ratio 0.87
DHL.DE Yearly Current Assets VS Current LiabilitesDHL.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. DHL.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.69% over the past year.
  • The Earnings Per Share has been growing slightly by 6.10% on average over the past years.
  • Looking at the last year, DHL shows a small growth in Revenue. The Revenue has grown by 2.97% in the last year.
  • The Revenue has been growing slightly by 5.85% on average over the past years.
EPS 1Y (TTM)8.69%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%-2.77%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-2.45%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.26% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 2.65% on average over the next years.
EPS Next Y10.07%
EPS Next 2Y9.49%
EPS Next 3Y9.69%
EPS Next 5Y8.26%
Revenue Next Year-0.76%
Revenue Next 2Y0.73%
Revenue Next 3Y1.8%
Revenue Next 5Y2.65%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DHL.DE Yearly Revenue VS EstimatesDHL.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B 100B
DHL.DE Yearly EPS VS EstimatesDHL.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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6

4. DHL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • DHL is valuated correctly with a Price/Earnings ratio of 15.14.
  • 76.47% of the companies in the same industry are more expensive than DHL, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, DHL is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 13.70, DHL is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DHL indicates a somewhat cheap valuation: DHL is cheaper than 70.59% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of DHL to the average of the S&P500 Index (24.57), we can say DHL is valued slightly cheaper.
Industry RankSector Rank
PE 15.14
Fwd PE 13.7
DHL.DE Price Earnings VS Forward Price EarningsDHL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 70.59% of the companies in the same industry are more expensive than DHL, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, DHL is valued cheaply inside the industry as 82.35% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.9
EV/EBITDA 6.75
DHL.DE Per share dataDHL.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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)1.5
PEG (5Y)2.48
EPS Next 2Y9.49%
EPS Next 3Y9.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. DHL.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.14%, DHL is a good candidate for dividend investing.
  • DHL's Dividend Yield is a higher than the industry average which is at 2.97.
  • Compared to an average S&P500 Dividend Yield of 1.82, DHL pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.14%

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
DHL.DE Yearly Dividends per shareDHL.DE Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • DHL pays out 60.01% of its income as dividend. This is not a sustainable payout ratio.
  • DHL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP60.01%
EPS Next 2Y9.49%
EPS Next 3Y9.69%
DHL.DE Yearly Income VS Free CF VS DividendDHL.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B
DHL.DE Dividend Payout.DHL.DE Dividend Payout, showing the Payout Ratio.DHL.DE Dividend Payout.PayoutRetained Earnings

More info and screens

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DHL.DE Fundamentals: All Metrics, Ratios and Statistics

DHL GROUP

FRA:DHL (3/6/2026, 7:00:00 PM)

46.17

+0.28 (+0.61%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)03-05
Earnings (Next)04-30
Inst Owners38.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap53.10B
Revenue(TTM)84.19B
Net Income(TTM)3.54B
Analysts68.89
Price Target46.8 (1.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.14%
Yearly Dividend1.86
Dividend Growth(5Y)10.08%
DP60.01%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.01%
Min EPS beat(2)16.35%
Max EPS beat(2)21.67%
EPS beat(4)4
Avg EPS beat(4)11.1%
Min EPS beat(4)2.31%
Max EPS beat(4)21.67%
EPS beat(8)4
Avg EPS beat(8)2.08%
EPS beat(12)7
Avg EPS beat(12)2.31%
EPS beat(16)9
Avg EPS beat(16)3.85%
Revenue beat(2)0
Avg Revenue beat(2)-3.68%
Min Revenue beat(2)-6.9%
Max Revenue beat(2)-0.46%
Revenue beat(4)1
Avg Revenue beat(4)-2%
Min Revenue beat(4)-6.9%
Max Revenue beat(4)0.97%
Revenue beat(8)3
Avg Revenue beat(8)-1.73%
Revenue beat(12)4
Avg Revenue beat(12)-2.41%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)1.51%
PT rev (3m)4.01%
EPS NQ rev (1m)-1.02%
EPS NQ rev (3m)1.1%
EPS NY rev (1m)0%
EPS NY rev (3m)2.89%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)0.76%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)-0.07%
Valuation
Industry RankSector Rank
PE 15.14
Fwd PE 13.7
P/S 0.64
P/FCF 7.9
P/OCF 5.55
P/B 2.47
P/tB 7.55
EV/EBITDA 6.75
EPS(TTM)3.05
EY6.61%
EPS(NY)3.37
Fwd EY7.3%
FCF(TTM)5.84
FCFY12.66%
OCF(TTM)8.32
OCFY18.02%
SpS72.58
BVpS18.73
TBVpS6.12
PEG (NY)1.5
PEG (5Y)2.48
Graham Number35.85
Profitability
Industry RankSector Rank
ROA 5.15%
ROE 16.43%
ROCE 12.77%
ROIC 9.06%
ROICexc 9.99%
ROICexgc 15.05%
OM 7.27%
PM (TTM) 4.24%
GM 50.49%
FCFM 8.05%
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%
ROICexgc growth 3Y-15.78%
ROICexgc 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 Turnover1.21
Health
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 3.91
Debt/EBITDA 1.86
Cap/Depr 58.57%
Cap/Sales 3.41%
Interest Coverage 6.48
Cash Conversion 87.55%
Profit Quality 189.97%
Current Ratio 0.92
Quick Ratio 0.87
Altman-Z 2.49
F-Score7
WACC6.06%
ROIC/WACC1.49
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)8.69%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%-2.77%
EPS Next Y10.07%
EPS Next 2Y9.49%
EPS Next 3Y9.69%
EPS Next 5Y8.26%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-2.45%
Revenue Next Year-0.76%
Revenue Next 2Y0.73%
Revenue Next 3Y1.8%
Revenue Next 5Y2.65%
EBIT growth 1Y10.55%
EBIT growth 3Y-10.08%
EBIT growth 5Y9.34%
EBIT Next Year87.03%
EBIT Next 3Y27.08%
EBIT Next 5Y16.89%
FCF growth 1Y13.43%
FCF growth 3Y-2.57%
FCF growth 5Y18.56%
OCF growth 1Y-3.17%
OCF growth 3Y-4.43%
OCF growth 5Y7.48%

DHL GROUP / DHL.DE FAQ

Can you provide the ChartMill fundamental rating for DHL GROUP?

ChartMill assigns a fundamental rating of 5 / 10 to DHL.DE.


What is the valuation status for DHL stock?

ChartMill assigns a valuation rating of 6 / 10 to DHL GROUP (DHL.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for DHL GROUP?

DHL GROUP (DHL.DE) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for DHL stock?

The Price/Earnings (PE) ratio for DHL GROUP (DHL.DE) is 15.14 and the Price/Book (PB) ratio is 2.47.


How financially healthy is DHL GROUP?

The financial health rating of DHL GROUP (DHL.DE) is 4 / 10.