DAC

DanaosNYSE:DAC Stock Report

Market Cap

US$1.7b

7D

-4.3%

1Y

1,053.2%

Updated

18 Sep, 2021

Data

Company Financials +
DAC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends3/6

DAC Overview

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States.

Share Price & News

How has Danaos's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DAC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: DAC's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-4.3%

DAC

-0.3%

US Shipping

-0.6%

US Market


1 Year Return

1,053.2%

DAC

120.5%

US Shipping

33.8%

US Market

Return vs Industry: DAC exceeded the US Shipping industry which returned 120.5% over the past year.

Return vs Market: DAC exceeded the US Market which returned 33.8% over the past year.


Shareholder returns

DACIndustryMarket
7 Day-4.3%-0.3%-0.6%
30 Day9.1%18.9%2.0%
90 Day12.7%16.7%4.7%
1 Year1,070.7%1,053.2%126.0%120.5%35.8%33.8%
3 Year280.3%274.7%50.7%38.7%60.0%50.1%
5 Year103.0%100.0%74.3%49.9%123.0%98.7%

Long-Term Price Volatility Vs. Market

How volatile is Danaos's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Danaos Fundamentals Summary

How do Danaos's earnings and revenue compare to its market cap?
DAC fundamental statistics
Market CapUS$1.67b
Earnings (TTM)US$755.58m
Revenue (TTM)US$517.13m

2.2x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DAC income statement (TTM)
RevenueUS$517.13m
Cost of RevenueUS$147.35m
Gross ProfitUS$369.77m
Expenses-US$385.81m
EarningsUS$755.58m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)35.20
Gross Margin71.51%
Net Profit Margin146.11%
Debt/Equity Ratio66.2%

How did DAC perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

3%

Payout Ratio

Valuation

Is Danaos undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DAC ($81.3) is trading below our estimate of fair value ($352.39)

Significantly Below Fair Value: DAC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DAC is good value based on its PE Ratio (2.2x) compared to the US Shipping industry average (11.4x).

PE vs Market: DAC is good value based on its PE Ratio (2.2x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: DAC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DAC is good value based on its PB Ratio (1x) compared to the US Shipping industry average (1.2x).


Future Growth

How is Danaos forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-22.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAC's earnings are forecast to decline over the next 3 years (-22.4% per year).

Earnings vs Market: DAC's earnings are forecast to decline over the next 3 years (-22.4% per year).

High Growth Earnings: DAC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DAC's revenue (17.4% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: DAC's revenue (17.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DAC's Return on Equity is forecast to be low in 3 years time (18%).


Past Performance

How has Danaos performed over the past 5 years?

58.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAC has a high level of non-cash earnings.

Growing Profit Margin: DAC's current net profit margins are higher than last year (30.4%).


Past Earnings Growth Analysis

Earnings Trend: DAC's earnings have grown significantly by 58.2% per year over the past 5 years.

Accelerating Growth: DAC's earnings growth over the past year (458.6%) exceeds its 5-year average (58.2% per year).

Earnings vs Industry: DAC earnings growth over the past year (458.6%) exceeded the Shipping industry 359.5%.


Return on Equity

High ROE: DAC's Return on Equity (44.1%) is considered outstanding.


Financial Health

How is Danaos's financial position?


Financial Position Analysis

Short Term Liabilities: DAC's short term assets ($348.5M) exceed its short term liabilities ($228.8M).

Long Term Liabilities: DAC's short term assets ($348.5M) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: DAC's debt to equity ratio (66.2%) is considered high.

Reducing Debt: DAC's debt to equity ratio has reduced from 284.1% to 66.2% over the past 5 years.

Debt Coverage: DAC's debt is well covered by operating cash flow (30.1%).

Interest Coverage: DAC's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


Dividend

What is Danaos's current dividend yield, its reliability and sustainability?

2.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DAC's dividend (2.46%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: DAC's dividend (2.46%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DAC's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DAC's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (2.8%), DAC's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DAC's dividends in 3 years are forecast to be thoroughly covered by earnings (11.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.0yrs

Average board tenure


CEO

John Coustas (65 yo)

no data

Tenure

Dr. John Coustas serves as the Chairman, Chief Executive Officer and President of Danaos Corporation. He serves as a Member of the Council at Det Norske Veritas. Dr. Coustas has many years of experience in...


Board Members

Experienced Board: DAC's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Danaos Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Danaos Corporation
  • Ticker: DAC
  • Exchange: NYSE
  • Founded: 1972
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$1.675b
  • Shares outstanding: 20.60m
  • Website: https://www.danaos.com

Number of Employees


Location

  • Danaos Corporation
  • 14 Akti Kondyli
  • Athens
  • Piraeus
  • 185 45
  • Greece

Listings


Biography

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as charteri...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:08
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.