DHL GROUP (DHL.DE) Fundamental Analysis & Valuation
FRA:DHL • DE0005552004
Current stock price
48.77 EUR
+0.53 (+1.1%)
Last:
This DHL.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. DHL.DE Profitability Analysis
1.1 Basic Checks
- In the past year DHL was profitable.
- In the past year DHL had a positive cash flow from operations.
- In the past 5 years DHL has always been profitable.
- DHL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- DHL's Return On Assets of 4.93% is fine compared to the rest of the industry. DHL outperforms 62.50% of its industry peers.
- With a Return On Equity value of 15.75%, DHL perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
- DHL has a better Return On Invested Capital (8.60%) than 62.50% of its industry peers.
- DHL had an Average Return On Invested Capital over the past 3 years of 8.64%. This is in line with the industry average of 7.90%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.93% | ||
| ROE | 15.75% | ||
| ROIC | 8.6% |
ROA(3y)5.07%
ROA(5y)6.19%
ROE(3y)15.37%
ROE(5y)19.14%
ROIC(3y)8.64%
ROIC(5y)10.39%
1.3 Margins
- DHL's Profit Margin of 4.22% is in line compared to the rest of the industry. DHL outperforms 43.75% of its industry peers.
- DHL's Profit Margin has been stable in the last couple of years.
- The Operating Margin of DHL (7.30%) is comparable to the rest of the industry.
- DHL's Operating Margin has been stable in the last couple of years.
- DHL has a Gross Margin (50.83%) 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 | 7.3% | ||
| PM (TTM) | 4.22% | ||
| GM | 50.83% |
OM growth 3Y-7.64%
OM growth 5Y-1.32%
PM growth 3Y-9.36%
PM growth 5Y-1.1%
GM growth 3Y4.98%
GM growth 5Y0.39%
2. DHL.DE Health Analysis
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.
- Compared to 1 year ago, DHL has less shares outstanding
- The number of shares outstanding for DHL has been reduced compared to 5 years ago.
- DHL has a worse debt/assets ratio than last year.
2.2 Solvency
- DHL has an Altman-Z score of 2.47. 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's Altman-Z score of 2.47 is fine compared to the rest of the industry. DHL outperforms 62.50% of its industry peers.
- DHL has a debt to FCF ratio of 4.35. This is a neutral value as DHL would need 4.35 years to pay back of all of its debts.
- The Debt to FCF ratio of DHL (4.35) is better than 68.75% of its industry peers.
- DHL has a Debt/Equity ratio of 0.98. This is a neutral value indicating DHL is somewhat dependend on debt financing.
- DHL's Debt to Equity ratio of 0.98 is fine compared to the rest of the industry. DHL outperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 4.35 | ||
| Altman-Z | 2.47 |
ROIC/WACC1.44
WACC5.98%
2.3 Liquidity
- DHL has a Current Ratio of 0.98. 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 worse Current ratio (0.98) than 62.50% of its industry peers.
- DHL has a Quick Ratio of 0.98. 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 Quick ratio, with a value of 0.93, DHL is doing worse than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.93 |
3. DHL.DE Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 8.56% over the past year.
- The Earnings Per Share has been growing slightly by 5.09% on average over the past years.
- Looking at the last year, DHL shows a decrease in Revenue. The Revenue has decreased by -1.58% in the last year.
- The Revenue has been growing slightly by 4.43% on average over the past years.
EPS 1Y (TTM)8.56%
EPS 3Y-11.29%
EPS 5Y5.09%
EPS Q2Q%-3.17%
Revenue 1Y (TTM)-1.58%
Revenue growth 3Y-4.27%
Revenue growth 5Y4.43%
Sales Q2Q%-2.7%
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 8.68% yearly.
- Based on estimates for the next years, DHL will show a small growth in Revenue. The Revenue will grow by 6.18% on average per year.
EPS Next Y8.44%
EPS Next 2Y9.3%
EPS Next 3Y9.2%
EPS Next 5Y8.68%
Revenue Next Year1.88%
Revenue Next 2Y2.78%
Revenue Next 3Y3.12%
Revenue Next 5Y6.18%
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 accelerating: in the next years the growth will be better than in the last years.
4. DHL.DE Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 15.99, DHL is valued correctly.
- Compared to the rest of the industry, the Price/Earnings ratio of DHL is on the same level as its industry peers.
- DHL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.34, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 14.74, the valuation of DHL can be described as correct.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of DHL is on the same level as its industry peers.
- DHL is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.18, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.99 | ||
| Fwd PE | 14.74 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DHL is on the same level as its industry peers.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of DHL indicates a somewhat cheap valuation: DHL is cheaper than 68.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.87 | ||
| EV/EBITDA | 6.93 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)1.9
PEG (5Y)3.14
EPS Next 2Y9.3%
EPS Next 3Y9.2%
5. DHL.DE Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.91%, DHL has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.17, DHL has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, DHL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
5.2 History
- The dividend of DHL is nicely growing with an annual growth rate of 10.21%!
Dividend Growth(5Y)10.21%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
- 60.66% 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.
DP60.66%
EPS Next 2Y9.3%
EPS Next 3Y9.2%
DHL.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:DHL (4/14/2026, 5:36:15 PM)
48.77
+0.53 (+1.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)03-05 2026-03-05/dmh
Earnings (Next)04-30 2026-04-30
Inst Owners33.93%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap56.09B
Revenue(TTM)82.85B
Net Income(TTM)3.50B
Analysts70.71
Price Target49.95 (2.42%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
Yearly Dividend1.87
Dividend Growth(5Y)10.21%
DP60.66%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.2%
Min EPS beat(2)-9.27%
Max EPS beat(2)21.67%
EPS beat(4)3
Avg EPS beat(4)8.2%
Min EPS beat(4)-9.27%
Max EPS beat(4)21.67%
EPS beat(8)4
Avg EPS beat(8)2.67%
EPS beat(12)6
Avg EPS beat(12)0.9%
EPS beat(16)9
Avg EPS beat(16)3.27%
Revenue beat(2)0
Avg Revenue beat(2)-1.24%
Min Revenue beat(2)-2.02%
Max Revenue beat(2)-0.46%
Revenue beat(4)0
Avg Revenue beat(4)-2.75%
Min Revenue beat(4)-6.9%
Max Revenue beat(4)-0.46%
Revenue beat(8)3
Avg Revenue beat(8)-1.35%
Revenue beat(12)3
Avg Revenue beat(12)-2.58%
Revenue beat(16)7
Avg Revenue beat(16)-0.5%
PT rev (1m)6.73%
PT rev (3m)8.98%
EPS NQ rev (1m)-1.77%
EPS NQ rev (3m)-2.26%
EPS NY rev (1m)-1.91%
EPS NY rev (3m)-1.77%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)-2.28%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.99 | ||
| Fwd PE | 14.74 | ||
| P/S | 0.68 | ||
| P/FCF | 8.87 | ||
| P/OCF | 6.15 | ||
| P/B | 2.52 | ||
| P/tB | 7.52 | ||
| EV/EBITDA | 6.93 |
EPS(TTM)3.05
EY6.25%
EPS(NY)3.31
Fwd EY6.78%
FCF(TTM)5.5
FCFY11.28%
OCF(TTM)7.93
OCFY16.26%
SpS72.05
BVpS19.33
TBVpS6.48
PEG (NY)1.9
PEG (5Y)3.14
Graham Number36.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.93% | ||
| ROE | 15.75% | ||
| ROCE | 12.19% | ||
| ROIC | 8.6% | ||
| ROICexc | 9.64% | ||
| ROICexgc | 14.47% | ||
| OM | 7.3% | ||
| PM (TTM) | 4.22% | ||
| GM | 50.83% | ||
| FCFM | 7.63% |
ROA(3y)5.07%
ROA(5y)6.19%
ROE(3y)15.37%
ROE(5y)19.14%
ROIC(3y)8.64%
ROIC(5y)10.39%
ROICexc(3y)9.6%
ROICexc(5y)11.8%
ROICexgc(3y)14.53%
ROICexgc(5y)17.88%
ROCE(3y)12.25%
ROCE(5y)14.72%
ROICexgc growth 3Y-14.68%
ROICexgc growth 5Y-4.22%
ROICexc growth 3Y-14.07%
ROICexc growth 5Y-3.36%
OM growth 3Y-7.64%
OM growth 5Y-1.32%
PM growth 3Y-9.36%
PM growth 5Y-1.1%
GM growth 3Y4.98%
GM growth 5Y0.39%
F-Score7
Asset Turnover1.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 4.35 | ||
| Debt/EBITDA | 2 | ||
| Cap/Depr | 57.43% | ||
| Cap/Sales | 3.37% | ||
| Interest Coverage | 6.49 | ||
| Cash Conversion | 83.54% | ||
| Profit Quality | 180.69% | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z | 2.47 |
F-Score7
WACC5.98%
ROIC/WACC1.44
Cap/Depr(3y)65.05%
Cap/Depr(5y)77.59%
Cap/Sales(3y)3.67%
Cap/Sales(5y)3.94%
Profit Quality(3y)171.37%
Profit Quality(5y)153.88%
High Growth Momentum
Growth
EPS 1Y (TTM)8.56%
EPS 3Y-11.29%
EPS 5Y5.09%
EPS Q2Q%-3.17%
EPS Next Y8.44%
EPS Next 2Y9.3%
EPS Next 3Y9.2%
EPS Next 5Y8.68%
Revenue 1Y (TTM)-1.58%
Revenue growth 3Y-4.27%
Revenue growth 5Y4.43%
Sales Q2Q%-2.7%
Revenue Next Year1.88%
Revenue Next 2Y2.78%
Revenue Next 3Y3.12%
Revenue Next 5Y6.18%
EBIT growth 1Y3.3%
EBIT growth 3Y-11.58%
EBIT growth 5Y3.04%
EBIT Next Year84.9%
EBIT Next 3Y27.02%
EBIT Next 5Y20.8%
FCF growth 1Y9.3%
FCF growth 3Y-3.53%
FCF growth 5Y5.76%
OCF growth 1Y4.55%
OCF growth 3Y-5.93%
OCF growth 5Y3.44%
DHL GROUP / DHL.DE Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for DHL GROUP?
ChartMill assigns a fundamental rating of 5 / 10 to DHL.DE.
Can you provide the valuation status for DHL GROUP?
ChartMill assigns a valuation rating of 4 / 10 to DHL GROUP (DHL.DE). This can be considered as Fairly Valued.
What is the profitability of DHL stock?
DHL GROUP (DHL.DE) has a profitability rating of 5 / 10.
What is the earnings growth outlook for DHL GROUP?
The Earnings per Share (EPS) of DHL GROUP (DHL.DE) is expected to grow by 8.44% in the next year.
Can you provide the dividend sustainability for DHL stock?
The dividend rating of DHL GROUP (DHL.DE) is 4 / 10 and the dividend payout ratio is 60.66%.