DANAOS CORP (DAC) Stock Fundamental Analysis
USA - NYSE:DAC - MHY1968P1218 - Common Stock
94.65 USD
-0.36 (-0.38%)
94.65 USD
0 (0%)
Taking everything into account, DAC scores 6 out of 10 in our fundamental rating. DAC was compared to 35 industry peers in the Marine Transportation industry. DAC gets an excellent profitability rating and is at the same time showing great financial health properties. DAC is cheap, but on the other hand it scores bad on growth. This makes DAC very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year DAC was profitable.
In the past year DAC had a positive cash flow from operations.
DAC had positive earnings in each of the past 5 years.
DAC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DAC's Return On Assets of 10.16% is fine compared to the rest of the industry. DAC outperforms 80.00% of its industry peers.
DAC's Return On Equity of 12.79% is fine compared to the rest of the industry. DAC outperforms 77.14% of its industry peers.
With a decent Return On Invested Capital value of 9.13%, DAC is doing good in the industry, outperforming 80.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for DAC is significantly above the industry average of 7.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 12.79% | ||
| ROIC | 9.13% |
ROA(3y)14.61%
ROA(5y)15.7%
ROE(3y)18.56%
ROE(5y)24.19%
ROIC(3y)12.84%
ROIC(5y)10.69%
1.3 Margins
DAC's Profit Margin of 44.62% is amongst the best of the industry. DAC outperforms 88.57% of its industry peers.
DAC's Profit Margin has improved in the last couple of years.
The Operating Margin of DAC (49.04%) is better than 91.43% of its industry peers.
In the last couple of years the Operating Margin of DAC has grown nicely.
DAC has a Gross Margin of 73.82%. This is amongst the best in the industry. DAC outperforms 88.57% of its industry peers.
In the last couple of years the Gross Margin of DAC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.04% | ||
| PM (TTM) | 44.62% | ||
| GM | 73.82% |
OM growth 3Y0.35%
OM growth 5Y3.15%
PM growth 3Y-31.16%
PM growth 5Y11.15%
GM growth 3Y-0.61%
GM growth 5Y0.24%
2. Health
2.1 Basic Checks
DAC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, DAC has less shares outstanding
Compared to 5 years ago, DAC has less shares outstanding
DAC has a worse debt/assets ratio than last year.
2.2 Solvency
DAC has an Altman-Z score of 2.84. This is not the best score and indicates that DAC is in the grey zone with still only limited risk for bankruptcy at the moment.
DAC's Altman-Z score of 2.84 is amongst the best of the industry. DAC outperforms 85.71% of its industry peers.
DAC has a debt to FCF ratio of 4.09. This is a neutral value as DAC would need 4.09 years to pay back of all of its debts.
The Debt to FCF ratio of DAC (4.09) is better than 77.14% of its industry peers.
DAC has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
DAC has a Debt to Equity ratio of 0.20. This is in the better half of the industry: DAC outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.09 | ||
| Altman-Z | 2.84 |
ROIC/WACC1.11
WACC8.21%
2.3 Liquidity
DAC has a Current Ratio of 5.36. This indicates that DAC is financially healthy and has no problem in meeting its short term obligations.
DAC has a Current ratio of 5.36. This is amongst the best in the industry. DAC outperforms 88.57% of its industry peers.
A Quick Ratio of 5.21 indicates that DAC has no problem at all paying its short term obligations.
DAC's Quick ratio of 5.21 is amongst the best of the industry. DAC outperforms 88.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.36 | ||
| Quick Ratio | 5.21 |
3. Growth
3.1 Past
DAC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.34%.
DAC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.25% yearly.
Looking at the last year, DAC shows a small growth in Revenue. The Revenue has grown by 4.20% in the last year.
The Revenue has been growing by 17.79% on average over the past years. This is quite good.
EPS 1Y (TTM)-8.34%
EPS 3Y15.86%
EPS 5Y24.25%
EPS Q2Q%-6.19%
Revenue 1Y (TTM)4.2%
Revenue growth 3Y13.72%
Revenue growth 5Y17.79%
Sales Q2Q%6.43%
3.2 Future
The Earnings Per Share is expected to decrease by -10.84% on average over the next years. This is quite bad
DAC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.31% yearly.
EPS Next Y-2.31%
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
EPS Next 5YN/A
Revenue Next Year-1.47%
Revenue Next 2Y-0.54%
Revenue Next 3Y-3.31%
Revenue Next 5YN/A
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 decreasing.
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
Based on the Price/Earnings ratio of 3.66, the valuation of DAC can be described as very cheap.
DAC's Price/Earnings ratio is rather cheap when compared to the industry. DAC is cheaper than 85.71% of the companies in the same industry.
When comparing the Price/Earnings ratio of DAC to the average of the S&P500 Index (27.20), we can say DAC is valued rather cheaply.
A Price/Forward Earnings ratio of 3.57 indicates a rather cheap valuation of DAC.
DAC's Price/Forward Earnings ratio is rather cheap when compared to the industry. DAC is cheaper than 88.57% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.71, DAC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 3.57 |
4.2 Price Multiples
82.86% of the companies in the same industry are more expensive than DAC, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, DAC is valued a bit cheaper than the industry average as 65.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.3 | ||
| EV/EBITDA | 2.61 |
4.3 Compensation for Growth
The excellent profitability rating of DAC may justify a higher PE ratio.
DAC's earnings are expected to decrease with -10.84% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
5. Dividend
5.1 Amount
DAC has a Yearly Dividend Yield of 3.59%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.76, DAC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, DAC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
5.2 History
The dividend of DAC decreases each year by -33.95%.
DAC has been paying a dividend for over 5 years, so it has already some track record.
DAC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-33.95%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
13.76% of the earnings are spent on dividend by DAC. This is a low number and sustainable payout ratio.
DAC's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP13.76%
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
94.65
-0.36 (-0.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners19.34%
Inst Owner Change1.22%
Ins Owners1.53%
Ins Owner ChangeN/A
Market Cap1.73B
Analysts80
Price Target103.53 (9.38%)
Short Float %5.17%
Short Ratio6.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
Yearly Dividend3.27
Dividend Growth(5Y)-33.95%
DP13.76%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.27%
Min EPS beat(2)-7.07%
Max EPS beat(2)-5.47%
EPS beat(4)1
Avg EPS beat(4)-3.54%
Min EPS beat(4)-7.07%
Max EPS beat(4)3.36%
EPS beat(8)1
Avg EPS beat(8)-5.49%
EPS beat(12)4
Avg EPS beat(12)-0.62%
EPS beat(16)8
Avg EPS beat(16)11.36%
Revenue beat(2)1
Avg Revenue beat(2)1.11%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)5%
Revenue beat(4)1
Avg Revenue beat(4)-1.06%
Min Revenue beat(4)-4.17%
Max Revenue beat(4)5%
Revenue beat(8)3
Avg Revenue beat(8)-0.57%
Revenue beat(12)7
Avg Revenue beat(12)2.21%
Revenue beat(16)11
Avg Revenue beat(16)4.92%
PT rev (1m)2.01%
PT rev (3m)2.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.33%
EPS NY rev (1m)-1.2%
EPS NY rev (3m)-1.2%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-2.96%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-3.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 3.57 | ||
| P/S | 1.68 | ||
| P/FCF | 9.3 | ||
| P/OCF | 2.84 | ||
| P/B | 0.48 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 2.61 |
EPS(TTM)25.83
EY27.29%
EPS(NY)26.49
Fwd EY27.99%
FCF(TTM)10.18
FCFY10.75%
OCF(TTM)33.36
OCFY35.25%
SpS56.24
BVpS196.21
TBVpS196.21
PEG (NY)N/A
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 12.79% | ||
| ROCE | 11.56% | ||
| ROIC | 9.13% | ||
| ROICexc | 10.74% | ||
| ROICexgc | 10.74% | ||
| OM | 49.04% | ||
| PM (TTM) | 44.62% | ||
| GM | 73.82% | ||
| FCFM | 18.09% |
ROA(3y)14.61%
ROA(5y)15.7%
ROE(3y)18.56%
ROE(5y)24.19%
ROIC(3y)12.84%
ROIC(5y)10.69%
ROICexc(3y)14.28%
ROICexc(5y)11.66%
ROICexgc(3y)14.28%
ROICexgc(5y)11.66%
ROCE(3y)16.25%
ROCE(5y)13.53%
ROICexcg growth 3Y8.88%
ROICexcg growth 5Y10.92%
ROICexc growth 3Y8.88%
ROICexc growth 5Y10.92%
OM growth 3Y0.35%
OM growth 5Y3.15%
PM growth 3Y-31.16%
PM growth 5Y11.15%
GM growth 3Y-0.61%
GM growth 5Y0.24%
F-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 4.09 | ||
| Debt/EBITDA | 1.09 | ||
| Cap/Depr | 265.61% | ||
| Cap/Sales | 41.22% | ||
| Interest Coverage | 14.36 | ||
| Cash Conversion | 91.87% | ||
| Profit Quality | 40.55% | ||
| Current Ratio | 5.36 | ||
| Quick Ratio | 5.21 | ||
| Altman-Z | 2.84 |
F-Score5
WACC8.21%
ROIC/WACC1.11
Cap/Depr(3y)266.68%
Cap/Depr(5y)220.86%
Cap/Sales(3y)37.53%
Cap/Sales(5y)32.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.34%
EPS 3Y15.86%
EPS 5Y24.25%
EPS Q2Q%-6.19%
EPS Next Y-2.31%
EPS Next 2Y-1.6%
EPS Next 3Y-10.84%
EPS Next 5YN/A
Revenue 1Y (TTM)4.2%
Revenue growth 3Y13.72%
Revenue growth 5Y17.79%
Sales Q2Q%6.43%
Revenue Next Year-1.47%
Revenue Next 2Y-0.54%
Revenue Next 3Y-3.31%
Revenue Next 5YN/A
EBIT growth 1Y-8.49%
EBIT growth 3Y14.12%
EBIT growth 5Y21.5%
EBIT Next Year32.54%
EBIT Next 3Y5.7%
EBIT Next 5YN/A
FCF growth 1Y-58.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.69%
OCF growth 3Y13.25%
OCF growth 5Y23.11%