DHL GROUP (DHL.DE) Fundamental Analysis & Valuation

FRA:DHL • DE0005552004

Current stock price

44.82 EUR
+0.27 (+0.61%)
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.
  • 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 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.93%, DHL is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
  • DHL's Return On Equity of 15.75% is in line compared to the rest of the industry. DHL outperforms 56.25% 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 62.50% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for DHL is below the industry average of 10.77%.
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

  • The Profit Margin of DHL (4.22%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of DHL has remained more or less at the same level.
  • With a decent Operating Margin value of 7.30%, DHL is doing good in the industry, outperforming 68.75% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DHL has remained more or less at the same level.
  • DHL has a better Gross Margin (50.83%) than 62.50% of its industry peers.
  • In the last couple of years the Gross Margin of DHL has remained more or less at the same level.
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

  • DHL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, DHL has less shares outstanding
  • Compared to 5 years ago, DHL has less shares outstanding
  • DHL has a worse debt/assets ratio than last year.
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

  • An Altman-Z score of 2.41 indicates that DHL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.41, DHL perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
  • 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.
  • DHL has a Debt to FCF ratio of 4.35. This is in the better half of the industry: DHL outperforms 62.50% 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 has a Debt to Equity ratio (0.98) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 4.35
Altman-Z 2.41
ROIC/WACC1.46
WACC5.88%
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

  • A Current Ratio of 0.98 indicates that DHL may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.98, DHL is in line with its industry, outperforming 43.75% of the companies in the same industry.
  • A Quick Ratio of 0.93 indicates that DHL may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.93, DHL is in line with its industry, outperforming 43.75% 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

5

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.
  • 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.
  • DHL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.43% yearly.
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.
  • The Revenue is expected to grow by 6.19% on average over the next years.
EPS Next Y10.55%
EPS Next 2Y10.38%
EPS Next 3Y11.43%
EPS Next 5Y8.68%
Revenue Next Year2.24%
Revenue Next 2Y3.1%
Revenue Next 3Y3.74%
Revenue Next 5Y6.19%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better 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 1 2 3 4

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5

4. DHL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.70 indicates a correct valuation of DHL.
  • DHL's Price/Earnings ratio is a bit cheaper when compared to the industry. DHL is cheaper than 62.50% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.54, DHL is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 13.29, 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.
  • When comparing the Price/Forward Earnings ratio of DHL to the average of the S&P500 Index (22.70), we can say DHL is valued slightly cheaper.
Industry RankSector Rank
PE 14.7
Fwd PE 13.29
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

  • 62.50% of the companies in the same industry are more expensive than DHL, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, DHL is valued a bit cheaper than 68.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.15
EV/EBITDA 6.54
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 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)1.39
PEG (5Y)2.89
EPS Next 2Y10.38%
EPS Next 3Y11.43%

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

6

5. DHL.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.33%, DHL is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.98, 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 1.89.
Industry RankSector Rank
Dividend Yield 4.33%

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 Years0
Div Non Decr Years1
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.
  • DHL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP60.66%
EPS Next 2Y10.38%
EPS Next 3Y11.43%
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 (3/24/2026, 5:36:15 PM)

44.82

+0.27 (+0.61%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)03-05
Earnings (Next)04-30
Inst Owners38.42%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap51.54B
Revenue(TTM)82.85B
Net Income(TTM)3.50B
Analysts68.89
Price Target46.8 (4.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.33%
Yearly Dividend1.87
Dividend Growth(5Y)10.21%
DP60.66%
Div Incr Years0
Div Non Decr Years1
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)1.16%
PT rev (3m)2.77%
EPS NQ rev (1m)-1.79%
EPS NQ rev (3m)-0.5%
EPS NY rev (1m)0.1%
EPS NY rev (3m)0.24%
Revenue NQ rev (1m)-0.61%
Revenue NQ rev (3m)-2.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.15%
Valuation
Industry RankSector Rank
PE 14.7
Fwd PE 13.29
P/S 0.62
P/FCF 8.15
P/OCF 5.65
P/B 2.32
P/tB 6.91
EV/EBITDA 6.54
EPS(TTM)3.05
EY6.8%
EPS(NY)3.37
Fwd EY7.52%
FCF(TTM)5.5
FCFY12.27%
OCF(TTM)7.93
OCFY17.69%
SpS72.05
BVpS19.33
TBVpS6.48
PEG (NY)1.39
PEG (5Y)2.89
Graham Number36.42
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 2.41
F-Score7
WACC5.88%
ROIC/WACC1.46
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 Y10.55%
EPS Next 2Y10.38%
EPS Next 3Y11.43%
EPS Next 5Y8.68%
Revenue 1Y (TTM)-1.58%
Revenue growth 3Y-4.27%
Revenue growth 5Y4.43%
Sales Q2Q%-2.7%
Revenue Next Year2.24%
Revenue Next 2Y3.1%
Revenue Next 3Y3.74%
Revenue Next 5Y6.19%
EBIT growth 1Y3.3%
EBIT growth 3Y-11.58%
EBIT growth 5Y3.04%
EBIT Next Year85.76%
EBIT Next 3Y27.94%
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.


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 14.7 and the Price/Book (PB) ratio is 2.32.


How financially healthy is DHL GROUP?

The financial health rating of DHL GROUP (DHL.DE) is 4 / 10.