DHL GROUP (DHL.DE) Stock Fundamental Analysis

FRA:DHL • DE0005552004

49.23 EUR
-0.27 (-0.55%)
Last: Feb 24, 2026, 12:13 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to DHL. DHL was compared to 16 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 correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • DHL had positive earnings in the past year.
  • DHL had a positive operating cash flow in the past year.
  • Each year in the past 5 years DHL has been profitable.
  • DHL had a positive operating cash flow in each of the past 5 years.
DHL.DE Yearly Net Income VS EBIT VS OCF VS FCFDHL.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

1.2 Ratios

  • DHL has a Return On Assets of 5.15%. This is in the better half of the industry: DHL outperforms 68.75% of its industry peers.
  • DHL has a Return On Equity (16.43%) which is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 9.06%, DHL is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for DHL is in line with the industry average of 9.85%.
Industry RankSector Rank
ROA 5.15%
ROE 16.43%
ROIC 9.06%
ROA(3y)6.03%
ROA(5y)6.29%
ROE(3y)17.81%
ROE(5y)20.32%
ROIC(3y)10.22%
ROIC(5y)10.65%
DHL.DE Yearly ROA, ROE, ROICDHL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.24%, DHL is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
  • DHL's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 7.27%, DHL is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
  • DHL's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 50.49%, DHL is doing good in the industry, outperforming 62.50% of the companies in the same industry.
  • DHL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.27%
PM (TTM) 4.24%
GM 50.49%
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%
DHL.DE Yearly Profit, Operating, Gross MarginsDHL.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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5

2. Health

2.1 Basic Checks

  • DHL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for DHL has been reduced compared to 1 year ago.
  • The number of shares outstanding for DHL has been reduced compared to 5 years ago.
  • Compared to 1 year ago, DHL has a worse debt to assets ratio.
DHL.DE Yearly Shares OutstandingDHL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
DHL.DE Yearly Total Debt VS Total AssetsDHL.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • An Altman-Z score of 2.54 indicates that DHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of DHL (2.54) is better than 68.75% of its industry peers.
  • DHL has a debt to FCF ratio of 3.91. This is a good value and a sign of high solvency as DHL would need 3.91 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 3.91, DHL is doing good in the industry, outperforming 68.75% of the companies in the same industry.
  • DHL has a Debt/Equity ratio of 0.94. This is a neutral value indicating DHL is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.94, DHL is doing good in the industry, outperforming 62.50% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 3.91
Altman-Z 2.54
ROIC/WACC1.49
WACC6.07%
DHL.DE Yearly LT Debt VS Equity VS FCFDHL.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 0.92 indicates that DHL may have some problems paying its short term obligations.
  • DHL has a Current ratio (0.92) which is comparable to the rest of the industry.
  • DHL has a Quick Ratio of 0.92. This is a bad value and indicates that DHL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DHL has a Quick ratio (0.87) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.92
Quick Ratio 0.87
DHL.DE Yearly Current Assets VS Current LiabilitesDHL.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 15.79% over the past year.
  • Measured over the past 5 years, DHL shows a small growth in Earnings Per Share. The EPS has been growing by 6.10% on average per year.
  • Looking at the last year, DHL shows a small growth in Revenue. The Revenue has grown by 0.77% in the last year.
  • The Revenue has been growing slightly by 5.85% on average over the past years.
EPS 1Y (TTM)15.79%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%19.05%
Revenue 1Y (TTM)0.77%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-2.25%

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 8.26% yearly.
  • Based on estimates for the next years, DHL will show a small growth in Revenue. The Revenue will grow by 2.65% on average per year.
EPS Next Y10.07%
EPS Next 2Y9.49%
EPS Next 3Y9.69%
EPS Next 5Y8.26%
Revenue Next Year-0.76%
Revenue Next 2Y0.73%
Revenue Next 3Y1.8%
Revenue Next 5Y2.65%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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.
DHL.DE Yearly Revenue VS EstimatesDHL.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B 100B
DHL.DE Yearly EPS VS EstimatesDHL.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.98, which indicates a correct valuation of DHL.
  • Compared to the rest of the industry, the Price/Earnings ratio of DHL indicates a somewhat cheap valuation: DHL is cheaper than 75.00% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of DHL to the average of the S&P500 Index (26.64), we can say DHL is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 14.61, which indicates a correct valuation of DHL.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DHL indicates a somewhat cheap valuation: DHL is cheaper than 68.75% of the companies listed in the same industry.
  • DHL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.75, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.98
Fwd PE 14.61
DHL.DE Price Earnings VS Forward Price EarningsDHL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DHL is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
  • 75.00% of the companies in the same industry are more expensive than DHL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.42
EV/EBITDA 7.13
DHL.DE Per share dataDHL.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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)1.59
PEG (5Y)2.62
EPS Next 2Y9.49%
EPS Next 3Y9.69%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • DHL has a Yearly Dividend Yield of 3.71%.
  • DHL's Dividend Yield is a higher than the industry average which is at 3.08.
  • Compared to an average S&P500 Dividend Yield of 1.80, DHL pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.71%

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
DHL.DE Yearly Dividends per shareDHL.DE Yearly Dividends per shareYearly Dividends per share 2024 2025 0.5 1 1.5

5.3 Sustainability

  • 60.01% 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.
DP60.01%
EPS Next 2Y9.49%
EPS Next 3Y9.69%
DHL.DE Yearly Income VS Free CF VS DividendDHL.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B
DHL.DE Dividend Payout.DHL.DE Dividend Payout, showing the Payout Ratio.DHL.DE Dividend Payout.PayoutRetained Earnings

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DHL GROUP

FRA:DHL (2/24/2026, 12:13:14 PM)

49.23

-0.27 (-0.55%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)11-06
Earnings (Next)03-05
Inst Owners38.62%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap56.61B
Revenue(TTM)83.47B
Net Income(TTM)3.54B
Analysts68.89
Price Target46.27 (-6.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.71%
Yearly Dividend1.86
Dividend Growth(5Y)10.08%
DP60.01%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.01%
Min EPS beat(2)16.35%
Max EPS beat(2)21.67%
EPS beat(4)4
Avg EPS beat(4)11.1%
Min EPS beat(4)2.31%
Max EPS beat(4)21.67%
EPS beat(8)4
Avg EPS beat(8)2.08%
EPS beat(12)7
Avg EPS beat(12)2.31%
EPS beat(16)9
Avg EPS beat(16)3.85%
Revenue beat(2)0
Avg Revenue beat(2)-3.68%
Min Revenue beat(2)-6.9%
Max Revenue beat(2)-0.46%
Revenue beat(4)1
Avg Revenue beat(4)-2%
Min Revenue beat(4)-6.9%
Max Revenue beat(4)0.97%
Revenue beat(8)3
Avg Revenue beat(8)-1.73%
Revenue beat(12)4
Avg Revenue beat(12)-2.41%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)0.35%
PT rev (3m)2.82%
EPS NQ rev (1m)-1.02%
EPS NQ rev (3m)2.07%
EPS NY rev (1m)0%
EPS NY rev (3m)2.89%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)0.7%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)-0.07%
Valuation
Industry RankSector Rank
PE 15.98
Fwd PE 14.61
P/S 0.68
P/FCF 8.42
P/OCF 5.92
P/B 2.63
P/tB 8.05
EV/EBITDA 7.13
EPS(TTM)3.08
EY6.26%
EPS(NY)3.37
Fwd EY6.84%
FCF(TTM)5.84
FCFY11.87%
OCF(TTM)8.32
OCFY16.9%
SpS72.58
BVpS18.73
TBVpS6.12
PEG (NY)1.59
PEG (5Y)2.62
Graham Number36.03
Profitability
Industry RankSector Rank
ROA 5.15%
ROE 16.43%
ROCE 12.77%
ROIC 9.06%
ROICexc 9.99%
ROICexgc 15.05%
OM 7.27%
PM (TTM) 4.24%
GM 50.49%
FCFM 8.05%
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%
ROICexgc growth 3Y-15.78%
ROICexgc 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 Turnover1.21
Health
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 3.91
Debt/EBITDA 1.86
Cap/Depr 58.57%
Cap/Sales 3.41%
Interest Coverage 6.48
Cash Conversion 87.55%
Profit Quality 189.97%
Current Ratio 0.92
Quick Ratio 0.87
Altman-Z 2.54
F-Score7
WACC6.07%
ROIC/WACC1.49
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)15.79%
EPS 3Y-11.47%
EPS 5Y6.1%
EPS Q2Q%19.05%
EPS Next Y10.07%
EPS Next 2Y9.49%
EPS Next 3Y9.69%
EPS Next 5Y8.26%
Revenue 1Y (TTM)0.77%
Revenue growth 3Y0.98%
Revenue growth 5Y5.85%
Sales Q2Q%-2.25%
Revenue Next Year-0.76%
Revenue Next 2Y0.73%
Revenue Next 3Y1.8%
Revenue Next 5Y2.65%
EBIT growth 1Y10.55%
EBIT growth 3Y-10.08%
EBIT growth 5Y9.34%
EBIT Next Year86.35%
EBIT Next 3Y27%
EBIT Next 5Y16.89%
FCF growth 1Y13.43%
FCF growth 3Y-2.57%
FCF growth 5Y18.56%
OCF growth 1Y-3.17%
OCF growth 3Y-4.43%
OCF growth 5Y7.48%

DHL GROUP / DHL.DE FAQ

Can you provide the ChartMill fundamental rating for DHL GROUP?

ChartMill assigns a fundamental rating of 5 / 10 to DHL.DE.


What is the valuation status for DHL stock?

ChartMill assigns a valuation rating of 5 / 10 to DHL GROUP (DHL.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for DHL GROUP?

DHL GROUP (DHL.DE) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for DHL stock?

The Price/Earnings (PE) ratio for DHL GROUP (DHL.DE) is 15.98 and the Price/Book (PB) ratio is 2.63.


How financially healthy is DHL GROUP?

The financial health rating of DHL GROUP (DHL.DE) is 5 / 10.