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DHL GROUP (DPW.DE) Stock Fundamental Analysis

FRA:DPW - Deutsche Boerse Ag - DE0005552004 - Common Stock - Currency: EUR

45.01  +0.28 (+0.63%)

Fundamental Rating

6

DPW gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 16 industry peers in the Air Freight & Logistics industry. DPW has an excellent profitability rating, but there are some minor concerns on its financial health. DPW has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

DPW had positive earnings in the past year.
In the past year DPW had a positive cash flow from operations.
In the past 5 years DPW has always been profitable.
In the past 5 years DPW always reported a positive cash flow from operatings.
DPW.DE Yearly Net Income VS EBIT VS OCF VS FCFDPW.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B 8B 10B

1.2 Ratios

DPW's Return On Assets of 7.30% is amongst the best of the industry. DPW outperforms 84.62% of its industry peers.
DPW has a better Return On Equity (20.74%) than 76.92% of its industry peers.
With an excellent Return On Invested Capital value of 12.57%, DPW belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
DPW had an Average Return On Invested Capital over the past 3 years of 12.21%. This is above the industry average of 7.27%.
The last Return On Invested Capital (12.57%) for DPW is above the 3 year average (12.21%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.3%
ROE 20.74%
ROIC 12.57%
ROA(3y)7.06%
ROA(5y)6.06%
ROE(3y)23.74%
ROE(5y)21.02%
ROIC(3y)12.21%
ROIC(5y)10.19%
DPW.DE Yearly ROA, ROE, ROICDPW.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 5 10 15 20 25

1.3 Margins

DPW has a Profit Margin of 5.30%. This is in the better half of the industry: DPW outperforms 76.92% of its industry peers.
In the last couple of years the Profit Margin of DPW has grown nicely.
With a decent Operating Margin value of 8.57%, DPW is doing good in the industry, outperforming 69.23% of the companies in the same industry.
DPW's Operating Margin has improved in the last couple of years.
The Gross Margin of DPW (44.71%) is worse than 61.54% of its industry peers.
In the last couple of years the Gross Margin of DPW has remained more or less at the same level.
Industry RankSector Rank
OM 8.57%
PM (TTM) 5.3%
GM 44.71%
OM growth 3Y15.09%
OM growth 5Y8.22%
PM growth 3Y11.07%
PM growth 5Y4.8%
GM growth 3Y-4.07%
GM growth 5Y-0.56%
DPW.DE Yearly Profit, Operating, Gross MarginsDPW.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 10 20 30 40 50

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), DPW is creating value.
DPW has less shares outstanding than it did 1 year ago.
DPW has a worse debt/assets ratio than last year.
DPW.DE Yearly Shares OutstandingDPW.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M 1B
DPW.DE Yearly Total Debt VS Total AssetsDPW.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 20B 40B 60B

2.2 Solvency

DPW has an Altman-Z score of 2.99. This is not the best score and indicates that DPW is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of DPW (2.99) is better than 76.92% of its industry peers.
The Debt to FCF ratio of DPW is 3.06, which is a good value as it means it would take DPW, 3.06 years of fcf income to pay off all of its debts.
DPW has a better Debt to FCF ratio (3.06) than 76.92% of its industry peers.
DPW has a Debt/Equity ratio of 0.73. This is a neutral value indicating DPW is somewhat dependend on debt financing.
DPW has a Debt to Equity ratio of 0.73. This is in the better half of the industry: DPW outperforms 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF 3.06
Altman-Z 2.99
ROIC/WACC2.22
WACC5.66%
DPW.DE Yearly LT Debt VS Equity VS FCFDPW.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 5B 10B 15B 20B

2.3 Liquidity

A Current Ratio of 1.03 indicates that DPW should not have too much problems paying its short term obligations.
DPW's Current ratio of 1.03 is in line compared to the rest of the industry. DPW outperforms 53.85% of its industry peers.
A Quick Ratio of 0.98 indicates that DPW may have some problems paying its short term obligations.
The Quick ratio of DPW (0.98) is worse than 61.54% of its industry peers.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 0.98
DPW.DE Yearly Current Assets VS Current LiabilitesDPW.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 5B 10B 15B 20B

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4

3. Growth

3.1 Past

The earnings per share for DPW have decreased by -4.28% in the last year.
The Earnings Per Share has been growing by 14.71% on average over the past years. This is quite good.
The Revenue has grown by 8.52% in the past year. This is quite good.
The Revenue has been growing by 9.33% on average over the past years. This is quite good.
EPS 1Y (TTM)-4.28%
EPS 3Y27.87%
EPS 5Y14.71%
EPS Q2Q%-30.91%
Revenue 1Y (TTM)8.52%
Revenue growth 3Y14.24%
Revenue growth 5Y9.33%
Sales Q2Q%-7.41%

3.2 Future

The Earnings Per Share is expected to grow by 0.18% on average over the next years.
DPW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.75% yearly.
EPS Next Y-22.12%
EPS Next 2Y-7.1%
EPS Next 3Y-0.91%
EPS Next 5Y0.18%
Revenue Next Year-8.79%
Revenue Next 2Y-3.26%
Revenue Next 3Y-1.16%
Revenue Next 5Y0.75%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.
DPW.DE Yearly Revenue VS EstimatesDPW.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B 100B
DPW.DE Yearly EPS VS EstimatesDPW.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

DPW is valuated reasonably with a Price/Earnings ratio of 11.17.
69.23% of the companies in the same industry are more expensive than DPW, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of DPW to the average of the S&P500 Index (25.82), we can say DPW is valued rather cheaply.
DPW is valuated reasonably with a Price/Forward Earnings ratio of 11.94.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DPW indicates a somewhat cheap valuation: DPW is cheaper than 69.23% of the companies listed in the same industry.
DPW's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.76.
Industry RankSector Rank
PE 11.17
Fwd PE 11.94
DPW.DE Price Earnings VS Forward Price EarningsDPW.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

DPW's Enterprise Value to EBITDA is on the same level as the industry average.
DPW's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 7.77
EV/EBITDA 5.67
DPW.DE Per share dataDPW.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

DPW has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y-7.1%
EPS Next 3Y-0.91%

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6

5. Dividend

5.1 Amount

DPW has a Yearly Dividend Yield of 4.21%, which is a nice return.
DPW's Dividend Yield is a higher than the industry average which is at 3.51.
Compared to an average S&P500 Dividend Yield of 2.36, DPW pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.21%

5.2 History

The dividend of DPW is nicely growing with an annual growth rate of 13.96%!
Dividend Growth(5Y)13.96%
Div Incr Years1
Div Non Decr Years1
DPW.DE Yearly Dividends per shareDPW.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 0.5 1 1.5 2

5.3 Sustainability

DPW's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y-7.1%
EPS Next 3Y-0.91%
DPW.DE Yearly Income VS Free CF VS DividendDPW.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B

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DHL GROUP

FRA:DPW (7/3/2023, 5:29:55 PM)

45.01

+0.28 (+0.63%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap53.96B
Analysts79.26
Price Target51.37 (14.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.21%
Yearly Dividend1.85
Dividend Growth(5Y)13.96%
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.53%
Min EPS beat(2)2.45%
Max EPS beat(2)6.6%
EPS beat(4)3
Avg EPS beat(4)4.98%
Min EPS beat(4)-5.49%
Max EPS beat(4)16.37%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.63%
Min Revenue beat(2)-2.33%
Max Revenue beat(2)-0.93%
Revenue beat(4)2
Avg Revenue beat(4)2.57%
Min Revenue beat(4)-2.33%
Max Revenue beat(4)8.33%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)1.97%
EPS NQ rev (1m)8.3%
EPS NQ rev (3m)8.88%
EPS NY rev (1m)0.99%
EPS NY rev (3m)-1.76%
Revenue NQ rev (1m)2.16%
Revenue NQ rev (3m)1.24%
Revenue NY rev (1m)0.99%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 11.17
Fwd PE 11.94
P/S 0.58
P/FCF 7.77
P/OCF 4.94
P/B 2.27
P/tB 5.57
EV/EBITDA 5.67
EPS(TTM)4.03
EY8.95%
EPS(NY)3.77
Fwd EY8.38%
FCF(TTM)5.79
FCFY12.87%
OCF(TTM)9.12
OCFY20.25%
SpS77.38
BVpS19.79
TBVpS8.08
PEG (NY)N/A
PEG (5Y)0.76
Profitability
Industry RankSector Rank
ROA 7.3%
ROE 20.74%
ROCE N/A
ROIC 12.57%
ROICexc 14.29%
ROICexgc 21.84%
OM 8.57%
PM (TTM) 5.3%
GM 44.71%
FCFM N/A
ROA(3y)7.06%
ROA(5y)6.06%
ROE(3y)23.74%
ROE(5y)21.02%
ROIC(3y)12.21%
ROIC(5y)10.19%
ROICexc(3y)14.18%
ROICexc(5y)11.71%
ROICexgc(3y)21.71%
ROICexgc(5y)18.22%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y19.63%
ROICexcg growth 5Y-5.23%
ROICexc growth 3Y21.39%
ROICexc growth 5Y3.22%
OM growth 3Y15.09%
OM growth 5Y8.22%
PM growth 3Y11.07%
PM growth 5Y4.8%
GM growth 3Y-4.07%
GM growth 5Y-0.56%
F-Score5
Asset Turnover1.38
Health
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF 3.06
Debt/EBITDA 1.74
Cap/Depr 93.94%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 141.19%
Current Ratio 1.03
Quick Ratio 0.98
Altman-Z 2.99
F-Score5
WACC5.66%
ROIC/WACC2.22
Cap/Depr(3y)89.7%
Cap/Depr(5y)89.52%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)138.57%
Profit Quality(5y)131.99%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.28%
EPS 3Y27.87%
EPS 5Y14.71%
EPS Q2Q%-30.91%
EPS Next Y-22.12%
EPS Next 2Y-7.1%
EPS Next 3Y-0.91%
EPS Next 5Y0.18%
Revenue 1Y (TTM)8.52%
Revenue growth 3Y14.24%
Revenue growth 5Y9.33%
Sales Q2Q%-7.41%
Revenue Next Year-8.79%
Revenue Next 2Y-3.26%
Revenue Next 3Y-1.16%
Revenue Next 5Y0.75%
EBIT growth 1Y-2.98%
EBIT growth 3Y31.47%
EBIT growth 5Y18.33%
EBIT Next Year30.22%
EBIT Next 3Y14.18%
EBIT Next 5Y11.82%
FCF growth 1Y8.3%
FCF growth 3Y41.81%
FCF growth 5Y45.13%
OCF growth 1Y15.73%
OCF growth 3Y21.68%
OCF growth 5Y27.15%