DHL GROUP (DHL.DE) Fundamental Analysis & Valuation

FRA:DHL • DE0005552004

Current stock price

47.6 EUR
-0.19 (-0.4%)
Last:

This DHL.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. DHL.DE Profitability Analysis

1.1 Basic Checks

  • DHL had positive earnings in the past year.
  • DHL had a positive operating cash flow in the past year.
  • DHL had positive earnings in each of the past 5 years.
  • Each year in the past 5 years DHL had a positive operating cash flow.
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 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • The Return On Assets of DHL (4.93%) is better than 71.43% of its industry peers.
  • The Return On Equity of DHL (15.75%) is better than 64.29% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.60%, DHL is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DHL is in line with the industry average of 7.67%.
Industry RankSector 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%
DHL.DE Yearly ROA, ROE, ROICDHL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • DHL has a Profit Margin (4.22%) which is comparable to the rest of the industry.
  • DHL's Profit Margin has been stable in the last couple of years.
  • DHL's Operating Margin of 7.30% is fine compared to the rest of the industry. DHL outperforms 64.29% of its industry peers.
  • DHL's Operating Margin has been stable in the last couple of years.
  • DHL has a Gross Margin of 50.83%. This is comparable to the rest of the industry: DHL outperforms 57.14% of its industry peers.
  • DHL's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
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 2025 10 20 30 40 50

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4

2. DHL.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DHL is creating some value.
  • The number of shares outstanding for DHL has been reduced compared to 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.
DHL.DE Yearly Shares OutstandingDHL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 20B 40B 60B

2.2 Solvency

  • DHL has an Altman-Z score of 2.46. 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.
  • Looking at the Altman-Z score, with a value of 2.46, DHL is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
  • The Debt to FCF ratio of DHL is 4.35, which is a neutral value as it means it would take DHL, 4.35 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of DHL (4.35) is better than 64.29% 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.
  • With a decent Debt to Equity ratio value of 0.98, DHL is doing good in the industry, outperforming 64.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 4.35
Altman-Z 2.46
ROIC/WACC1.43
WACC6.02%
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 2025 5B 10B 15B 20B

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 Current ratio (0.98) which is comparable to the rest of the industry.
  • 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 in line with its industry, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.93
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 2025 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. DHL.DE Growth Analysis

3.1 Past

  • DHL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.56%, which is quite good.
  • Measured over the past 5 years, DHL shows a small growth in Earnings Per Share. The EPS has been growing by 5.09% on average per year.
  • The Revenue has decreased by -1.58% in the past 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 a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.61% yearly.
  • The Revenue is expected to grow by 3.49% on average over the next years.
EPS Next Y8.44%
EPS Next 2Y9.3%
EPS Next 3Y9.2%
EPS Next 5Y6.61%
Revenue Next Year1.93%
Revenue Next 2Y2.8%
Revenue Next 3Y3.2%
Revenue Next 5Y3.49%

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 decreasing: in the next years the growth will be less than in the last years.
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 2030 1 2 3 4

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4

4. DHL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.61, which indicates a correct valuation of DHL.
  • DHL's Price/Earnings ratio is a bit cheaper when compared to the industry. DHL is cheaper than 64.29% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.35. DHL is valued slightly cheaper when compared to this.
  • DHL is valuated correctly with a Price/Forward Earnings ratio of 14.39.
  • The rest of the industry has a similar Price/Forward Earnings ratio as DHL.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.23, DHL is valued a bit cheaper.
Industry RankSector Rank
PE 15.61
Fwd PE 14.39
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as DHL.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of DHL indicates a somewhat cheap valuation: DHL is cheaper than 71.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.66
EV/EBITDA 6.88
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DHL does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of DHL may justify a higher PE ratio.
PEG (NY)1.85
PEG (5Y)3.07
EPS Next 2Y9.3%
EPS Next 3Y9.2%

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

5

5. DHL.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.96%, DHL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.88, DHL pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, DHL pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.96%

5.2 History

  • On average, the dividend of DHL grows each year by 10.21%, which is quite nice.
Dividend Growth(5Y)10.21%
Div Incr Years1
Div Non Decr Years2
DHL.DE Yearly Dividends per shareDHL.DE Yearly Dividends per shareYearly Dividends per share 2024 2025 2026 0.5 1 1.5

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 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 2025 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.DE Fundamentals: All Metrics, Ratios and Statistics

DHL GROUP

FRA:DHL (4/27/2026, 7:00:00 PM)

47.6

-0.19 (-0.4%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)03-05
Earnings (Next)04-30
Inst Owners33.93%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap54.74B
Revenue(TTM)82.85B
Net Income(TTM)3.50B
Analysts70.71
Price Target49.95 (4.94%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.96%
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)8.35%
EPS NQ rev (1m)0.45%
EPS NQ rev (3m)-4.66%
EPS NY rev (1m)-1.91%
EPS NY rev (3m)-1.81%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-0.06%
Valuation
Industry RankSector Rank
PE 15.61
Fwd PE 14.39
P/S 0.66
P/FCF 8.66
P/OCF 6
P/B 2.46
P/tB 7.34
EV/EBITDA 6.88
EPS(TTM)3.05
EY6.41%
EPS(NY)3.31
Fwd EY6.95%
FCF(TTM)5.5
FCFY11.55%
OCF(TTM)7.93
OCFY16.66%
SpS72.05
BVpS19.33
TBVpS6.48
PEG (NY)1.85
PEG (5Y)3.07
Graham Number36.4194 (-23.49%)
Profitability
Industry RankSector 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 RankSector 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 2.46
F-Score7
WACC6.02%
ROIC/WACC1.43
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 5Y6.61%
Revenue 1Y (TTM)-1.58%
Revenue growth 3Y-4.27%
Revenue growth 5Y4.43%
Sales Q2Q%-2.7%
Revenue Next Year1.93%
Revenue Next 2Y2.8%
Revenue Next 3Y3.2%
Revenue Next 5Y3.49%
EBIT growth 1Y3.3%
EBIT growth 3Y-11.58%
EBIT growth 5Y3.04%
EBIT Next Year84.9%
EBIT Next 3Y27.02%
EBIT Next 5Y16.67%
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 6 / 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 5 / 10 and the dividend payout ratio is 60.66%.