DHL GROUP (DHL.DE) Stock Fundamental Analysis
Europe - FRA:DHL - DE0005552004 - Common Stock
38.13 EUR
-0.21 (-0.55%)
Taking everything into account, DHL scores 5 out of 10 in our fundamental rating. DHL was compared to 14 industry peers in the Air Freight & Logistics industry. While DHL belongs to the best of the industry regarding profitability, 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.
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
Looking at the Return On Assets, with a value of 5.12%, DHL is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
With a decent Return On Equity value of 16.71%, DHL is doing good in the industry, outperforming 64.29% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.00%, DHL is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DHL is above the industry average of 7.69%.
| 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 has a Profit Margin (4.11%) which is in line with its industry peers.
DHL's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 7.05%, DHL is doing good in the industry, outperforming 78.57% of the companies in the same industry.
In the last couple of years the Operating Margin of DHL has grown nicely.
DHL's Gross Margin of 49.93% is fine compared to the rest of the industry. DHL outperforms 64.29% of its industry peers.
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.
DHL has less shares outstanding than it did 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
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 78.57% of its industry peers.
DHL has a debt to FCF ratio of 4.22. This is a neutral value as DHL would need 4.22 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.22, DHL is doing good in the industry, outperforming 71.43% of the companies in the same industry.
A Debt/Equity ratio of 0.97 indicates that DHL is somewhat dependend on debt financing.
DHL's Debt to Equity ratio of 0.97 is fine compared to the rest of the industry. DHL outperforms 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | 4.22 | ||
| Altman-Z | 2.51 |
ROIC/WACC1.57
WACC5.72%
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.
A Quick Ratio of 0.90 indicates that DHL may have some problems paying its short term obligations.
DHL has a Quick ratio of 0.90. This is comparable 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 strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.23%, which is quite good.
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 2.81%.
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)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.
DHL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.87% yearly.
EPS Next Y9.06%
EPS Next 2Y10.11%
EPS Next 3Y10.18%
EPS Next 5Y8.92%
Revenue Next Year-0.17%
Revenue Next 2Y1.24%
Revenue Next 3Y2.07%
Revenue Next 5Y2.87%
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
A Price/Earnings ratio of 12.88 indicates a correct valuation of DHL.
Compared to the rest of the industry, the Price/Earnings ratio of DHL is on the same level as its industry peers.
When comparing the Price/Earnings ratio of DHL to the average of the S&P500 Index (27.41), we can say DHL is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.19, the valuation of DHL can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DHL indicates a rather cheap valuation: DHL is cheaper than 92.86% of the companies listed in the same industry.
DHL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.88 | ||
| Fwd PE | 11.19 |
4.2 Price Multiples
DHL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DHL is cheaper than 64.29% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DHL indicates a somewhat cheap valuation: DHL is cheaper than 64.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.46 | ||
| EV/EBITDA | 6.25 |
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)1.42
PEG (5Y)2.11
EPS Next 2Y10.11%
EPS Next 3Y10.18%
5. Dividend
5.1 Amount
DHL has a Yearly Dividend Yield of 4.80%, which is a nice return.
DHL's Dividend Yield is a higher than the industry average which is at 3.53.
DHL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.8% |
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.
DHL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP61.55%
EPS Next 2Y10.11%
EPS Next 3Y10.18%
FRA:DHL (9/18/2025, 7:00:00 PM)
38.13
-0.21 (-0.55%)
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 Cap45.76B
Analysts73.85
Price Target44.75 (17.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.8% |
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)-1.24%
PT rev (3m)-0.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.91%
EPS NY rev (1m)-1.81%
EPS NY rev (3m)-1.81%
Revenue NQ rev (1m)-1.32%
Revenue NQ rev (3m)-3.37%
Revenue NY rev (1m)-2.54%
Revenue NY rev (3m)-3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.88 | ||
| Fwd PE | 11.19 | ||
| P/S | 0.55 | ||
| P/FCF | 7.46 | ||
| P/OCF | 5.09 | ||
| P/B | 2.22 | ||
| P/tB | 7.52 | ||
| EV/EBITDA | 6.25 |
EPS(TTM)2.96
EY7.76%
EPS(NY)3.41
Fwd EY8.94%
FCF(TTM)5.11
FCFY13.41%
OCF(TTM)7.5
OCFY19.67%
SpS69.94
BVpS17.2
TBVpS5.07
PEG (NY)1.42
PEG (5Y)2.11
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
WACC5.72%
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 Year-0.17%
Revenue Next 2Y1.24%
Revenue Next 3Y2.07%
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%