DHL GROUP (DHL.DE) Stock Fundamental Analysis
FRA:DHL - Deutsche Boerse Ag - DE0005552004 - Common Stock - Currency: EUR
Overall DHL gets a fundamental rating of 5 out of 10. We evaluated DHL against 14 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
DHL had positive earnings in the past year.
DHL had a positive operating cash flow in the past year.
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
DHL's Return On Assets of 4.77% is fine compared to the rest of the industry. DHL outperforms 71.43% of its industry peers.
Looking at the Return On Equity, with a value of 14.02%, DHL is in line with its industry, outperforming 42.86% of the companies in the same industry.
DHL has a better Return On Invested Capital (8.53%) than 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DHL is above the industry average of 7.46%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.77% | ||
| ROE | 14.02% | ||
| ROIC | 8.53% |
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 (3.96%) which is in line with its industry peers.
In the last couple of years the Profit Margin of DHL has remained more or less at the same level.
The Operating Margin of DHL (6.96%) is better than 71.43% of its industry peers.
In the last couple of years the Operating Margin of DHL has grown nicely.
With a Gross Margin value of 49.47%, DHL perfoms like the industry average, outperforming 57.14% of the companies in the same 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 | 6.96% | ||
| PM (TTM) | 3.96% | ||
| GM | 49.47% |
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
DHL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating 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
The debt/assets ratio for DHL is higher compared to a year ago.
2.2 Solvency
DHL has an Altman-Z score of 2.53. This is not the best score and indicates that DHL is in the grey zone with still only limited risk for bankruptcy at the moment.
DHL's Altman-Z score of 2.53 is amongst the best of the industry. DHL outperforms 85.71% of its industry peers.
DHL has a debt to FCF ratio of 4.18. This is a neutral value as DHL would need 4.18 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.18, DHL belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
A Debt/Equity ratio of 0.79 indicates that DHL is somewhat dependend on debt financing.
DHL has a Debt to Equity ratio of 0.79. This is in the better half of the industry: DHL outperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 2.53 |
ROIC/WACC1.5
WACC5.67%
2.3 Liquidity
A Current Ratio of 0.95 indicates that DHL may have some problems paying its short term obligations.
With a Current ratio value of 0.95, DHL perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
DHL has a Quick Ratio of 0.95. 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's Quick ratio of 0.90 is in line compared to the rest of the industry. DHL outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
DHL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.38%.
The Earnings Per Share has been growing slightly by 6.10% on average over the past years.
DHL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.97%.
The Revenue has been growing slightly by 5.85% on average over the past years.
EPS 1Y (TTM)-1.38%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%8.06%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%2.76%
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 8.95% on average per year.
Based on estimates for the next years, DHL will show a small growth in Revenue. The Revenue will grow by 3.34% on average per year.
EPS Next Y11.08%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
EPS Next 5Y8.95%
Revenue Next Year2.92%
Revenue Next 2Y2.89%
Revenue Next 3Y3.12%
Revenue Next 5Y3.34%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.77, DHL is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of DHL is on the same level as its industry peers.
DHL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.25.
The Price/Forward Earnings ratio is 11.32, 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 71.43% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.15. DHL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 11.32 |
4.2 Price Multiples
DHL's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, DHL is valued a bit cheaper than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.17 | ||
| EV/EBITDA | 6.18 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DHL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.24
PEG (5Y)2.26
EPS Next 2Y11.24%
EPS Next 3Y10.68%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.74%, DHL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.79, 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 | 4.74% |
5.2 History
On average, the dividend of DHL grows each year by 10.01%, which is quite nice.
Dividend Growth(5Y)10.01%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
65.04% of the earnings are spent on dividend by DHL. This is not a sustainable payout ratio.
DHL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP65.04%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
FRA:DHL (5/30/2025, 7:00:00 PM)
39.37
+0.35 (+0.9%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners35.55%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap47.24B
Analysts73.6
Price Target44.91 (14.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
Yearly Dividend1.85
Dividend Growth(5Y)10.01%
DP65.04%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.66%
Min EPS beat(2)-5.63%
Max EPS beat(2)2.31%
EPS beat(4)1
Avg EPS beat(4)-2.87%
Min EPS beat(4)-5.63%
Max EPS beat(4)2.31%
EPS beat(8)3
Avg EPS beat(8)-2.75%
EPS beat(12)6
Avg EPS beat(12)1.63%
EPS beat(16)9
Avg EPS beat(16)3.17%
Revenue beat(2)2
Avg Revenue beat(2)1.06%
Min Revenue beat(2)0.97%
Max Revenue beat(2)1.16%
Revenue beat(4)3
Avg Revenue beat(4)0.06%
Min Revenue beat(4)-2.51%
Max Revenue beat(4)1.16%
Revenue beat(8)3
Avg Revenue beat(8)-2.5%
Revenue beat(12)7
Avg Revenue beat(12)0.25%
Revenue beat(16)11
Avg Revenue beat(16)1.27%
PT rev (1m)-3.51%
PT rev (3m)4.08%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)-10.02%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.63%
Revenue NQ rev (1m)0.96%
Revenue NQ rev (3m)0.1%
Revenue NY rev (1m)-0.27%
Revenue NY rev (3m)-0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 11.32 | ||
| P/S | 0.56 | ||
| P/FCF | 8.17 | ||
| P/OCF | 5.42 | ||
| P/B | 1.99 | ||
| P/tB | 5.3 | ||
| EV/EBITDA | 6.18 |
EPS(TTM)2.86
EY7.26%
EPS(NY)3.48
Fwd EY8.83%
FCF(TTM)4.82
FCFY12.25%
OCF(TTM)7.27
OCFY18.46%
SpS70.16
BVpS19.83
TBVpS7.43
PEG (NY)1.24
PEG (5Y)2.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.77% | ||
| ROE | 14.02% | ||
| ROCE | 12.02% | ||
| ROIC | 8.53% | ||
| ROICexc | 9.42% | ||
| ROICexgc | 14.22% | ||
| OM | 6.96% | ||
| PM (TTM) | 3.96% | ||
| GM | 49.47% | ||
| FCFM | 6.87% |
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-Score6
Asset Turnover1.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.18 | ||
| Debt/EBITDA | 1.77 | ||
| Cap/Depr | 62.2% | ||
| Cap/Sales | 3.49% | ||
| Interest Coverage | 6.6 | ||
| Cash Conversion | 82.47% | ||
| Profit Quality | 173.49% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 2.53 |
F-Score6
WACC5.67%
ROIC/WACC1.5
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 5Y8.95%
Revenue 1Y (TTM)2.97%
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 5Y3.34%
EBIT growth 1Y-5.3%
EBIT growth 3Y-10.08%
EBIT growth 5Y9.34%
EBIT Next Year89.15%
EBIT Next 3Y27.66%
EBIT Next 5Y18.43%
FCF growth 1Y-1.55%
FCF growth 3Y-2.57%
FCF growth 5Y18.56%
OCF growth 1Y-5.79%
OCF growth 3Y-4.43%
OCF growth 5Y7.48%