DHL GROUP (DHL.DE) Stock Fundamental Analysis
FRA:DHL - DE0005552004 - Common Stock
38.4 EUR
-0.17 (-0.44%)
Taking everything into account, DHL scores 6 out of 10 in our fundamental rating. DHL was compared to 13 industry peers in the Air Freight & Logistics industry. DHL scores excellent on profitability, but there are some minor concerns on its financial health. 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.
Each year in the past 5 years DHL had a positive operating cash flow.
1.2 Ratios
The Return On Assets of DHL (5.12%) is better than 76.92% of its industry peers.
Looking at the Return On Equity, with a value of 16.71%, DHL is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
DHL has a Return On Invested Capital of 9.00%. This is amongst the best in the industry. DHL outperforms 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 6.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.12% | ||
| ROE | 16.71% | ||
| ROIC | 9% |
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's Profit Margin of 4.11% is in line compared 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.
DHL has a Operating Margin of 7.05%. This is amongst the best in the industry. DHL outperforms 84.62% of its industry peers.
DHL's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 49.93%, DHL is in the better half of the industry, outperforming 61.54% 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 | 7.05% | ||
| PM (TTM) | 4.11% | ||
| GM | 49.93% |
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
The number of shares outstanding for DHL has been reduced compared to 5 years ago.
The debt/assets ratio for DHL is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.51 indicates that DHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of DHL (2.51) is better than 84.62% of its industry peers.
The Debt to FCF ratio of DHL is 4.22, which is a neutral value as it means it would take DHL, 4.22 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DHL (4.22) is better than 69.23% of its industry peers.
DHL has a Debt/Equity ratio of 0.97. This is a neutral value indicating DHL is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.97, DHL is doing good in the industry, outperforming 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 4.22 | ||
| Altman-Z | 2.51 |
ROIC/WACC1.57
WACC5.73%
2.3 Liquidity
A Current Ratio of 0.95 indicates that DHL may have some problems paying its short term obligations.
The Current ratio of DHL (0.95) is comparable to the rest of the 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 46.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
DHL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.23%, which is quite good.
Measured over the past 5 years, DHL shows a small growth in Earnings Per Share. The EPS has been growing by 6.10% on average per year.
DHL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.81%.
DHL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.85% yearly.
EPS 1Y (TTM)9.23%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%15.87%
Revenue 1Y (TTM)2.81%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-3.94%
3.2 Future
The Earnings Per Share is expected to grow by 8.92% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.87% on average over the next years.
EPS Next Y9.06%
EPS Next 2Y10.11%
EPS Next 3Y10.18%
EPS Next 5Y8.92%
Revenue Next Year0.26%
Revenue Next 2Y1.57%
Revenue Next 3Y2.31%
Revenue Next 5Y2.87%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.97, which indicates a correct valuation of DHL.
DHL's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.03. DHL is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 11.27 indicates a reasonable valuation of DHL.
92.31% of the companies in the same industry are more expensive than DHL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.54, DHL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 11.27 |
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.
DHL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DHL is cheaper than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.51 | ||
| EV/EBITDA | 6.27 |
4.3 Compensation for Growth
DHL's 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)1.43
PEG (5Y)2.13
EPS Next 2Y10.11%
EPS Next 3Y10.18%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.74%, DHL is a good candidate for dividend investing.
DHL's Dividend Yield is a higher than the industry average which is at 3.65.
Compared to an average S&P500 Dividend Yield of 2.45, DHL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
5.2 History
The dividend of DHL is nicely growing with an annual growth rate of 10.08%!
Dividend Growth(5Y)10.08%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
DHL pays out 61.55% of its income as dividend. 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.
DP61.55%
EPS Next 2Y10.11%
EPS Next 3Y10.18%
FRA:DHL (9/10/2025, 7:00:00 PM)
38.4
-0.17 (-0.44%)
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 Cap46.08B
Analysts73.85
Price Target44.75 (16.54%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
Yearly Dividend1.86
Dividend Growth(5Y)10.08%
DP61.55%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.2%
Min EPS beat(2)4.06%
Max EPS beat(2)16.35%
EPS beat(4)3
Avg EPS beat(4)4.27%
Min EPS beat(4)-5.63%
Max EPS beat(4)16.35%
EPS beat(8)4
Avg EPS beat(8)-0.45%
EPS beat(12)6
Avg EPS beat(12)0.13%
EPS beat(16)9
Avg EPS beat(16)2.6%
Revenue beat(2)0
Avg Revenue beat(2)-4.26%
Min Revenue beat(2)-6.9%
Max Revenue beat(2)-1.62%
Revenue beat(4)2
Avg Revenue beat(4)-1.6%
Min Revenue beat(4)-6.9%
Max Revenue beat(4)1.16%
Revenue beat(8)3
Avg Revenue beat(8)-2.52%
Revenue beat(12)5
Avg Revenue beat(12)-1.85%
Revenue beat(16)9
Avg Revenue beat(16)0.43%
PT rev (1m)-1.09%
PT rev (3m)-0.69%
EPS NQ rev (1m)5.66%
EPS NQ rev (3m)-12.91%
EPS NY rev (1m)-1.81%
EPS NY rev (3m)-1.81%
Revenue NQ rev (1m)-2.19%
Revenue NQ rev (3m)-3.37%
Revenue NY rev (1m)-2.12%
Revenue NY rev (3m)-2.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 11.27 | ||
| P/S | 0.55 | ||
| P/FCF | 7.51 | ||
| P/OCF | 5.12 | ||
| P/B | 2.23 | ||
| P/tB | 7.57 | ||
| EV/EBITDA | 6.27 |
EPS(TTM)2.96
EY7.71%
EPS(NY)3.41
Fwd EY8.87%
FCF(TTM)5.11
FCFY13.32%
OCF(TTM)7.5
OCFY19.53%
SpS69.94
BVpS17.2
TBVpS5.07
PEG (NY)1.43
PEG (5Y)2.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.12% | ||
| ROE | 16.71% | ||
| ROCE | 12.69% | ||
| ROIC | 9% | ||
| ROICexc | 9.85% | ||
| ROICexgc | 14.96% | ||
| OM | 7.05% | ||
| PM (TTM) | 4.11% | ||
| GM | 49.93% | ||
| FCFM | 7.31% |
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-Score8
Asset Turnover1.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 4.22 | ||
| Debt/EBITDA | 1.88 | ||
| Cap/Depr | 59.5% | ||
| Cap/Sales | 3.41% | ||
| Interest Coverage | 6.37 | ||
| Cash Conversion | 83.91% | ||
| Profit Quality | 177.91% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 2.51 |
F-Score8
WACC5.73%
ROIC/WACC1.57
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)9.23%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%15.87%
EPS Next Y9.06%
EPS Next 2Y10.11%
EPS Next 3Y10.18%
EPS Next 5Y8.92%
Revenue 1Y (TTM)2.81%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-3.94%
Revenue Next Year0.26%
Revenue Next 2Y1.57%
Revenue Next 3Y2.31%
Revenue Next 5Y2.87%
EBIT growth 1Y6.71%
EBIT growth 3Y-10.08%
EBIT growth 5Y9.34%
EBIT Next Year89.15%
EBIT Next 3Y27.66%
EBIT Next 5Y17.77%
FCF growth 1Y-9.92%
FCF growth 3Y-2.57%
FCF growth 5Y18.56%
OCF growth 1Y-16.98%
OCF growth 3Y-4.43%
OCF growth 5Y7.48%