DHL GROUP (DHL.DE) Stock Fundamental Analysis
FRA:DHL - Deutsche Boerse Ag - DE0005552004 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to DHL. DHL was compared to 13 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 is valued correctly, but it does not seem to be growing.
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.
1.2 Ratios
DHL has a better Return On Assets (4.81%) than 75.00% of its industry peers.
DHL has a Return On Equity of 14.46%. This is comparable to the rest of the industry: DHL outperforms 41.67% of its industry peers.
The Return On Invested Capital of DHL (8.56%) is better than 75.00% of its industry peers.
DHL had an Average Return On Invested Capital over the past 3 years of 11.96%. This is above the industry average of 7.26%.
| 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 has a Profit Margin of 3.89%. This is comparable to the rest of the industry: DHL outperforms 41.67% of its industry peers.
In the last couple of years the Profit Margin of DHL has grown nicely.
DHL has a Operating Margin of 6.63%. This is comparable to the rest of the industry: DHL outperforms 50.00% of its industry peers.
DHL's Operating Margin has improved in the last couple of years.
DHL has a Gross Margin (49.28%) 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 | 6.63% | ||
| 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 less shares outstanding than it did 1 year ago.
DHL has less shares outstanding than it did 5 years ago.
DHL has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.47 indicates that DHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
DHL has a Altman-Z score of 2.47. This is in the better half of the industry: DHL outperforms 66.67% 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.
The Debt to FCF ratio of DHL (4.45) is better than 75.00% of its industry peers.
DHL has a Debt/Equity ratio of 0.80. This is a neutral value indicating DHL is somewhat dependend on debt financing.
DHL has a better Debt to Equity ratio (0.80) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 4.45 | ||
| Altman-Z | 2.47 |
ROIC/WACC1.64
WACC5.22%
2.3 Liquidity
DHL has a Current Ratio of 0.91. This is a bad value and indicates that DHL is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.91, DHL is in line with its industry, outperforming 41.67% 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.
DHL's Quick ratio of 0.86 is in line compared to the rest of the industry. DHL outperforms 50.00% of its industry peers.
| 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 strongly by -20.60% in the last year.
DHL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.73% yearly.
DHL shows a decrease in Revenue. In the last year, the revenue decreased by -1.61%.
The Revenue has been growing slightly by 5.84% on average over the past years.
EPS 1Y (TTM)-20.6%
EPS 3Y8.5%
EPS 5Y12.73%
EPS Q2Q%-7.35%
Revenue 1Y (TTM)-1.61%
Revenue growth 3Y7.01%
Revenue growth 5Y5.84%
Sales Q2Q%6.16%
3.2 Future
DHL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.41% yearly.
DHL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.59% yearly.
EPS Next Y-6.07%
EPS Next 2Y2.69%
EPS Next 3Y5.13%
EPS Next 5Y6.41%
Revenue Next Year2.03%
Revenue Next 2Y2.69%
Revenue Next 3Y3.11%
Revenue Next 5Y3.59%
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.
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
Based on the Price/Earnings ratio of 12.84, the valuation of DHL can be described as correct.
66.67% of the companies in the same industry are more expensive than DHL, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.47. DHL is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.66 indicates a reasonable valuation of DHL.
83.33% of the companies in the same industry are more expensive than DHL, based on the Price/Forward Earnings ratio.
DHL is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.84 | ||
| Fwd PE | 10.66 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as DHL.
DHL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DHL is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.79 | ||
| EV/EBITDA | 5.92 |
4.3 Compensation for Growth
The decent profitability rating of DHL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y2.69%
EPS Next 3Y5.13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.28%, DHL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.02, 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 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.28% |
5.2 History
The dividend of DHL is nicely growing with an annual growth rate of 10.07%!
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.
The dividend of DHL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP67.38%
EPS Next 2Y2.69%
EPS Next 3Y5.13%
DHL GROUP
FRA:DHL (2/5/2025, 2:51:00 PM)
34.165
-0.2 (-0.6%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners35.1%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap41.00B
Analysts72.8
Price Target43.15 (26.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.28% |
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)-1.23%
PT rev (3m)-5.05%
EPS NQ rev (1m)-5.04%
EPS NQ rev (3m)-4.31%
EPS NY rev (1m)-2.99%
EPS NY rev (3m)-2.99%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)0.59%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.84 | ||
| Fwd PE | 10.66 | ||
| P/S | 0.49 | ||
| P/FCF | 7.79 | ||
| P/OCF | 5.04 | ||
| P/B | 1.84 | ||
| P/tB | 5.32 | ||
| EV/EBITDA | 5.92 |
EPS(TTM)2.66
EY7.79%
EPS(NY)3.21
Fwd EY9.38%
FCF(TTM)4.39
FCFY12.84%
OCF(TTM)6.78
OCFY19.84%
SpS69.03
BVpS18.55
TBVpS6.42
PEG (NY)N/A
PEG (5Y)1.01
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 | 2.47 |
F-Score6
WACC5.22%
ROIC/WACC1.64
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)-20.6%
EPS 3Y8.5%
EPS 5Y12.73%
EPS Q2Q%-7.35%
EPS Next Y-6.07%
EPS Next 2Y2.69%
EPS Next 3Y5.13%
EPS Next 5Y6.41%
Revenue 1Y (TTM)-1.61%
Revenue growth 3Y7.01%
Revenue growth 5Y5.84%
Sales Q2Q%6.16%
Revenue Next Year2.03%
Revenue Next 2Y2.69%
Revenue Next 3Y3.11%
Revenue Next 5Y3.59%
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%