DHL GROUP (DHL.DE) Stock Fundamental Analysis
FRA:DHL - Deutsche Boerse Ag - DE0005552004 - Common Stock - Currency: EUR
Taking everything into account, DHL scores 4 out of 10 in our fundamental rating. DHL was compared to 15 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 valuation in line with the averages, but on the other hand it scores bad on growth. Finally DHL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year DHL was profitable.
In the past year DHL had a positive cash flow from operations.
DHL had positive earnings in 4 of the past 5 years.
DHL had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.81%, DHL is doing good in the industry, outperforming 80.00% of the companies in the same industry.
The Return On Equity of DHL (14.46%) is worse than 60.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.56%, DHL is in the better half of the industry, outperforming 80.00% 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 7.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.81% | ||
| ROE | 14.46% | ||
| ROIC | 8.56% |
ROA(3y)7.09%
ROA(5y)6.34%
ROE(3y)21.99%
ROE(5y)21.23%
ROIC(3y)11.96%
ROIC(5y)10.58%
1.3 Margins
DHL's Profit Margin of 3.89% is in line compared to the rest of the industry. DHL outperforms 46.67% of its industry peers.
DHL's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 6.63%, DHL is in line with its industry, outperforming 53.33% of the companies in the same industry.
DHL's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 49.28%, DHL is in line with its industry, outperforming 53.33% of the companies in the same industry.
DHL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.63% | ||
| PM (TTM) | 3.89% | ||
| GM | 49.28% |
OM growth 3Y-0.15%
OM growth 5Y8.11%
PM growth 3Y0.24%
PM growth 5Y5.93%
GM growth 3Y-0.34%
GM growth 5Y0.17%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DHL is creating value.
DHL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 2.61 indicates that DHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
DHL has a better Altman-Z score (2.61) than 86.67% of its industry peers.
The Debt to FCF ratio of DHL is 4.45, which is a neutral value as it means it would take DHL, 4.45 years of fcf income to pay off all of its debts.
DHL's Debt to FCF ratio of 4.45 is fine compared to the rest of the industry. DHL outperforms 73.33% of its industry peers.
A Debt/Equity ratio of 0.80 indicates that DHL is somewhat dependend on debt financing.
The Debt to Equity ratio of DHL (0.80) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 4.45 | ||
| Altman-Z | 2.61 |
ROIC/WACC1.51
WACC5.66%
2.3 Liquidity
A Current Ratio of 0.91 indicates that DHL may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.91, DHL is in line with its industry, outperforming 46.67% of the companies in the same industry.
A Quick Ratio of 0.86 indicates that DHL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.86, DHL is in line with its industry, outperforming 53.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The earnings per share for DHL have decreased by -7.37% in the last year.
Measured over the past 5 years, DHL shows a small growth in Earnings Per Share. The EPS has been growing by 6.14% on average per year.
EPS 1Y (TTM)-7.37%
EPS 3Y-11.41%
EPS 5Y6.14%
EPS Q2Q%20%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.14%
3.2 Future
The Earnings Per Share is expected to grow by 10.16% 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 4.43% yearly.
EPS Next Y13.83%
EPS Next 2Y12%
EPS Next 3Y12.16%
EPS Next 5Y10.16%
Revenue Next Year3.76%
Revenue Next 2Y3.84%
Revenue Next 3Y5.5%
Revenue Next 5Y4.43%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.27, the valuation of DHL can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of DHL is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 29.35. DHL is valued slightly cheaper when compared to this.
DHL is valuated correctly with a Price/Forward Earnings ratio of 13.43.
The rest of the industry has a similar Price/Forward Earnings ratio as DHL.
DHL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.27 | ||
| Fwd PE | 13.43 |
4.2 Price Multiples
DHL's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as DHL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.81 | ||
| EV/EBITDA | 6.94 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DHL's earnings are expected to grow with 12.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.1
PEG (5Y)2.48
EPS Next 2Y12%
EPS Next 3Y12.16%
5. Dividend
5.1 Amount
DHL has a Yearly Dividend Yield of 4.18%, which is a nice return.
Compared to an average industry Dividend Yield of 3.94, DHL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, DHL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.18% |
5.2 History
On average, the dividend of DHL grows each year by 10.07%, which is quite nice.
Dividend Growth(5Y)10.07%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
67.38% of the earnings are spent on dividend by DHL. This is not a sustainable payout ratio.
DHL's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP67.38%
EPS Next 2Y12%
EPS Next 3Y12.16%
FRA:DHL (3/7/2025, 7:00:00 PM)
43.05
-1.22 (-2.76%)
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 Cap51.66B
Analysts72.8
Price Target43.15 (0.23%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.18% |
Yearly Dividend1.85
Dividend Growth(5Y)10.07%
DP67.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.84%
Min EPS beat(2)-5.63%
Max EPS beat(2)-4.04%
EPS beat(4)0
Avg EPS beat(4)-6.94%
Min EPS beat(4)-13.95%
Max EPS beat(4)-4.04%
EPS beat(8)3
Avg EPS beat(8)-2.08%
EPS beat(12)5
Avg EPS beat(12)1.43%
EPS beat(16)9
Avg EPS beat(16)3.49%
Revenue beat(2)2
Avg Revenue beat(2)0.89%
Min Revenue beat(2)0.62%
Max Revenue beat(2)1.16%
Revenue beat(4)2
Avg Revenue beat(4)-1.45%
Min Revenue beat(4)-5.07%
Max Revenue beat(4)1.16%
Revenue beat(8)3
Avg Revenue beat(8)-2.62%
Revenue beat(12)7
Avg Revenue beat(12)0.75%
Revenue beat(16)11
Avg Revenue beat(16)1.38%
PT rev (1m)0%
PT rev (3m)-2.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.04%
EPS NY rev (1m)0.07%
EPS NY rev (3m)-2.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.28%
Revenue NY rev (1m)-0.51%
Revenue NY rev (3m)0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.27 | ||
| Fwd PE | 13.43 | ||
| P/S | 0.62 | ||
| P/FCF | 9.81 | ||
| P/OCF | 6.35 | ||
| P/B | 2.32 | ||
| P/tB | 6.71 | ||
| EV/EBITDA | 6.94 |
EPS(TTM)2.82
EY6.55%
EPS(NY)3.21
Fwd EY7.45%
FCF(TTM)4.39
FCFY10.19%
OCF(TTM)6.78
OCFY15.75%
SpS69.03
BVpS18.55
TBVpS6.42
PEG (NY)1.1
PEG (5Y)2.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.81% | ||
| ROE | 14.46% | ||
| ROCE | 11.92% | ||
| ROIC | 8.56% | ||
| ROICexc | 9.28% | ||
| ROICexgc | 14.13% | ||
| OM | 6.63% | ||
| PM (TTM) | 3.89% | ||
| GM | 49.28% | ||
| FCFM | 6.36% |
ROA(3y)7.09%
ROA(5y)6.34%
ROE(3y)21.99%
ROE(5y)21.23%
ROIC(3y)11.96%
ROIC(5y)10.58%
ROICexc(3y)13.72%
ROICexc(5y)12.13%
ROICexgc(3y)20.86%
ROICexgc(5y)18.68%
ROCE(3y)16.66%
ROCE(5y)14.73%
ROICexcg growth 3Y-3.1%
ROICexcg growth 5Y5.4%
ROICexc growth 3Y-2.29%
ROICexc growth 5Y7.01%
OM growth 3Y-0.15%
OM growth 5Y8.11%
PM growth 3Y0.24%
PM growth 5Y5.93%
GM growth 3Y-0.34%
GM growth 5Y0.17%
F-Score6
Asset Turnover1.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 4.45 | ||
| Debt/EBITDA | 1.75 | ||
| Cap/Depr | 61.37% | ||
| Cap/Sales | 3.47% | ||
| Interest Coverage | 6.22 | ||
| Cash Conversion | 80.02% | ||
| Profit Quality | 163.56% | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 2.61 |
F-Score6
WACC5.66%
ROIC/WACC1.51
Cap/Depr(3y)89.44%
Cap/Depr(5y)88.53%
Cap/Sales(3y)4.28%
Cap/Sales(5y)4.59%
Profit Quality(3y)138.37%
Profit Quality(5y)133.95%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.37%
EPS 3Y-11.41%
EPS 5Y6.14%
EPS Q2Q%20%
EPS Next Y13.83%
EPS Next 2Y12%
EPS Next 3Y12.16%
EPS Next 5Y10.16%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.14%
Revenue Next Year3.76%
Revenue Next 2Y3.84%
Revenue Next 3Y5.5%
Revenue Next 5Y4.43%
EBIT growth 1Y-17.04%
EBIT growth 3Y6.86%
EBIT growth 5Y14.43%
EBIT Next Year65.45%
EBIT Next 3Y23.5%
EBIT Next 5Y15.55%
FCF growth 1Y-20.32%
FCF growth 3Y7.13%
FCF growth 5Y13.54%
OCF growth 1Y-22.28%
OCF growth 3Y6.33%
OCF growth 5Y9.94%