DHL GROUP (DHL.DE) Stock Fundamental Analysis
FRA:DHL - Deutsche Boerse Ag - DE0005552004 - Common Stock - Currency: EUR
Overall DHL gets a fundamental rating of 6 out of 10. We evaluated DHL against 13 industry peers in the Air Freight & Logistics industry. DHL has an excellent profitability rating, but there are some minor concerns on its financial health. DHL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
DHL had positive earnings in the past year.
In the past year DHL had a positive cash flow from operations.
Each year in the past 5 years DHL has been profitable.
In the past 5 years DHL always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of DHL (4.72%) is better than 76.92% of its industry peers.
DHL has a Return On Equity of 14.22%. This is comparable to the rest of the industry: DHL outperforms 53.85% of its industry peers.
DHL has a better Return On Invested Capital (8.33%) than 84.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DHL is above the industry average of 6.49%.
| 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
DHL has a Profit Margin of 3.99%. This is comparable to the rest of the industry: DHL outperforms 53.85% of its industry peers.
In the last couple of years the Profit Margin of DHL has remained more or less at the same level.
With an excellent Operating Margin value of 6.97%, DHL belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
In the last couple of years the Operating Margin of DHL has grown nicely.
The Gross Margin of DHL (49.63%) is comparable to the rest of the industry.
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.
Compared to 1 year ago, DHL has less shares outstanding
DHL has less shares outstanding than it did 5 years ago.
The debt/assets ratio for DHL is higher compared to a year ago.
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.
With an excellent Altman-Z score value of 2.53, DHL belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
The Debt to FCF ratio of DHL is 4.40, which is a neutral value as it means it would take DHL, 4.40 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.40, DHL is doing good in the industry, outperforming 69.23% of the companies in the same industry.
A Debt/Equity ratio of 0.87 indicates that DHL is somewhat dependend on debt financing.
The Debt to Equity ratio of DHL (0.87) is better than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.4 | ||
| Altman-Z | 2.53 |
ROIC/WACC1.46
WACC5.71%
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 69.23% of its industry peers.
DHL has a Quick Ratio of 1.02. This is a normal value and indicates that DHL is financially healthy and should not expect problems in meeting its short term obligations.
DHL has a Quick ratio of 1.02. This is in the better half of the industry: DHL outperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
DHL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.51%, which is quite good.
The Earnings Per Share has been growing slightly by 6.10% on average over the past years.
The Revenue has been growing slightly by 2.97% in the past year.
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)8.51%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%12.78%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-5.56%
3.2 Future
Based on estimates for the next years, DHL will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.79% on average per year.
DHL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.19% yearly.
EPS Next Y11.08%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
EPS Next 5Y8.79%
Revenue Next Year2.44%
Revenue Next 2Y2.7%
Revenue Next 3Y3.07%
Revenue Next 5Y3.19%
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 accelerating.
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 13.89, DHL is valued correctly.
DHL's Price/Earnings ratio is in line with the industry average.
DHL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.48.
The Price/Forward Earnings ratio is 11.74, which indicates a very decent valuation of DHL.
Based on the Price/Forward Earnings ratio, DHL is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of DHL to the average of the S&P500 Index (34.04), we can say DHL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.89 | ||
| Fwd PE | 11.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DHL is valued a bit cheaper than 61.54% of the companies in the same industry.
61.54% of the companies in the same industry are more expensive than DHL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.12 | ||
| 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)1.25
PEG (5Y)2.28
EPS Next 2Y11.24%
EPS Next 3Y10.68%
5. Dividend
5.1 Amount
DHL has a Yearly Dividend Yield of 4.60%, which is a nice return.
DHL's Dividend Yield is a higher than the industry average which is at 3.67.
DHL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
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 (8/8/2025, 7:00:00 PM)
40.83
+0.58 (+1.44%)
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 Cap49.00B
Analysts76
Price Target45.31 (10.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
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)-0.73%
PT rev (3m)0.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.96%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.48%
Revenue NQ rev (3m)-0.58%
Revenue NY rev (1m)-0.47%
Revenue NY rev (3m)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.89 | ||
| Fwd PE | 11.74 | ||
| P/S | 0.58 | ||
| P/FCF | 8.12 | ||
| P/OCF | 5.51 | ||
| P/B | 2.06 | ||
| P/tB | 5.42 | ||
| EV/EBITDA | 6.23 |
EPS(TTM)2.94
EY7.2%
EPS(NY)3.48
Fwd EY8.52%
FCF(TTM)5.03
FCFY12.31%
OCF(TTM)7.42
OCFY18.16%
SpS70.62
BVpS19.79
TBVpS7.53
PEG (NY)1.25
PEG (5Y)2.28
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
WACC5.71%
ROIC/WACC1.46
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)8.51%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%12.78%
EPS Next Y11.08%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
EPS Next 5Y8.79%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-5.56%
Revenue Next Year2.44%
Revenue Next 2Y2.7%
Revenue Next 3Y3.07%
Revenue Next 5Y3.19%
EBIT growth 1Y0.68%
EBIT growth 3Y-10.08%
EBIT growth 5Y9.34%
EBIT Next Year89.15%
EBIT Next 3Y27.66%
EBIT Next 5Y17.67%
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%