DHL GROUP (DHL.DE) Stock Fundamental Analysis
FRA:DHL - Deutsche Boerse Ag - DE0005552004 - Common Stock - Currency: EUR
Overall DHL gets a fundamental rating of 5 out of 10. We evaluated DHL against 14 industry peers in the Air Freight & Logistics industry. DHL has an average financial health and profitability rating. DHL has a decent growth rate and is not valued too expensively.
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.
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
DHL has a better Return On Assets (4.72%) than 71.43% of its industry peers.
DHL has a Return On Equity (14.22%) which is comparable to the rest of the industry.
DHL has a better Return On Invested Capital (8.33%) than 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DHL is above the industry average of 7.44%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.72% | ||
| ROE | 14.22% | ||
| ROIC | 8.33% |
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 (3.99%) which is in line with its industry peers.
DHL's Profit Margin has been stable in the last couple of years.
The Operating Margin of DHL (6.97%) is better than 78.57% of its industry peers.
In the last couple of years the Operating Margin of DHL has grown nicely.
DHL has a Gross Margin (49.63%) which is in line with its industry peers.
DHL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.97% | ||
| PM (TTM) | 3.99% | ||
| GM | 49.63% |
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
DHL has an Altman-Z score of 2.52. This is not the best score and indicates that DHL is in the grey zone with still only limited risk for bankruptcy at the moment.
DHL has a better Altman-Z score (2.52) than 71.43% of its industry peers.
The Debt to FCF ratio of DHL is 4.40, which is a neutral value as it means it would take DHL, 4.40 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DHL (4.40) is better than 71.43% of its industry peers.
A Debt/Equity ratio of 0.87 indicates that DHL is somewhat dependend on debt financing.
DHL has a better Debt to Equity ratio (0.87) than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.4 | ||
| Altman-Z | 2.52 |
ROIC/WACC1.46
WACC5.72%
2.3 Liquidity
A Current Ratio of 1.07 indicates that DHL should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.07, DHL is doing good in the industry, outperforming 64.29% of the companies in the same industry.
DHL has a Quick Ratio of 1.02. This is a normal value and indicates that DHL is financially healthy and should not expect problems in meeting its short term obligations.
DHL has a Quick ratio of 1.02. This is in the better half of the industry: DHL outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
DHL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.38%.
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 4.50%.
DHL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.85% yearly.
EPS 1Y (TTM)-1.38%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%8.06%
Revenue 1Y (TTM)4.5%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%2.76%
3.2 Future
DHL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.79% yearly.
Based on estimates for the next years, DHL will show a small growth in Revenue. The Revenue will grow by 3.19% on average per year.
EPS Next Y11.08%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
EPS Next 5Y8.79%
Revenue Next Year2.92%
Revenue Next 2Y2.89%
Revenue Next 3Y3.12%
Revenue Next 5Y3.19%
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.
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 13.85, 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.
Compared to an average S&P500 Price/Earnings ratio of 27.45, DHL is valued a bit cheaper.
The Price/Forward Earnings ratio is 11.39, which indicates a very decent valuation of DHL.
Based on the Price/Forward Earnings ratio, DHL is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
DHL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.85 | ||
| Fwd PE | 11.39 |
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.
Based on the Price/Free Cash Flow ratio, DHL is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.88 | ||
| EV/EBITDA | 6.16 |
4.3 Compensation for Growth
DHL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DHL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.25
PEG (5Y)2.27
EPS Next 2Y11.24%
EPS Next 3Y10.68%
5. Dividend
5.1 Amount
DHL has a Yearly Dividend Yield of 4.79%, which is a nice return.
Compared to an average industry Dividend Yield of 3.50, DHL pays a bit more dividend than its industry peers.
DHL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
5.2 History
On average, the dividend of DHL grows each year by 10.08%, which is quite nice.
Dividend Growth(5Y)10.08%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
64.21% of the earnings are spent on dividend by DHL. 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.
DP64.21%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
FRA:DHL (7/3/2025, 7:00:00 PM)
39.6
+0.29 (+0.74%)
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 Cap47.52B
Analysts76
Price Target45.57 (15.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.79% |
Yearly Dividend1.86
Dividend Growth(5Y)10.08%
DP64.21%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.18%
Min EPS beat(2)2.31%
Max EPS beat(2)4.06%
EPS beat(4)2
Avg EPS beat(4)-0.83%
Min EPS beat(4)-5.63%
Max EPS beat(4)4.06%
EPS beat(8)3
Avg EPS beat(8)-2.67%
EPS beat(12)6
Avg EPS beat(12)0.13%
EPS beat(16)9
Avg EPS beat(16)2.27%
Revenue beat(2)1
Avg Revenue beat(2)-0.33%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)0.97%
Revenue beat(4)3
Avg Revenue beat(4)0.28%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)1.16%
Revenue beat(8)3
Avg Revenue beat(8)-2.53%
Revenue beat(12)6
Avg Revenue beat(12)-0.58%
Revenue beat(16)10
Avg Revenue beat(16)0.91%
PT rev (1m)1.48%
PT rev (3m)-1.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.85 | ||
| Fwd PE | 11.39 | ||
| P/S | 0.56 | ||
| P/FCF | 7.88 | ||
| P/OCF | 5.34 | ||
| P/B | 2 | ||
| P/tB | 5.26 | ||
| EV/EBITDA | 6.16 |
EPS(TTM)2.86
EY7.22%
EPS(NY)3.48
Fwd EY8.78%
FCF(TTM)5.03
FCFY12.69%
OCF(TTM)7.42
OCFY18.73%
SpS70.62
BVpS19.79
TBVpS7.53
PEG (NY)1.25
PEG (5Y)2.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.72% | ||
| ROE | 14.22% | ||
| ROCE | 11.74% | ||
| ROIC | 8.33% | ||
| ROICexc | 9.73% | ||
| ROICexgc | 14.78% | ||
| OM | 6.97% | ||
| PM (TTM) | 3.99% | ||
| GM | 49.63% | ||
| FCFM | 7.12% |
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-Score7
Asset Turnover1.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.4 | ||
| Debt/EBITDA | 1.94 | ||
| Cap/Depr | 59.89% | ||
| Cap/Sales | 3.38% | ||
| Interest Coverage | 6.37 | ||
| Cash Conversion | 83.2% | ||
| Profit Quality | 178.54% | ||
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z | 2.52 |
F-Score7
WACC5.72%
ROIC/WACC1.46
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)-1.38%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%8.06%
EPS Next Y11.08%
EPS Next 2Y11.24%
EPS Next 3Y10.68%
EPS Next 5Y8.79%
Revenue 1Y (TTM)4.5%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%2.76%
Revenue Next Year2.92%
Revenue Next 2Y2.89%
Revenue Next 3Y3.12%
Revenue Next 5Y3.19%
EBIT growth 1Y0.68%
EBIT growth 3Y-10.08%
EBIT growth 5Y9.34%
EBIT Next Year89.15%
EBIT Next 3Y27.66%
EBIT Next 5Y17.67%
FCF growth 1Y-13.16%
FCF growth 3Y-2.57%
FCF growth 5Y18.56%
OCF growth 1Y-18.56%
OCF growth 3Y-4.43%
OCF growth 5Y7.48%