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Danaos NYSE:DAC Stock Report

Last Price

US$76.40

Market Cap

US$1.5b

7D

-3.5%

1Y

3.5%

Updated

20 Dec, 2024

Data

Company Financials +

Danaos Corporation

NYSE:DAC Stock Report

Market Cap: US$1.5b

DAC Stock Overview

Provides container and drybulk vessels services in Australia, Asia, and Europe. More details

DAC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

Rewards

Trading at 22.3% below our estimate of its fair value

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 3.9% per year for the next 3 years

High level of non-cash earnings

Dividend of 4.45% is not well covered by free cash flows


My Notes

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Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 2 Analysts

Strong Charter Backlog Will Secure Future Revenue, But Tariffs And Environmental Costs May Limit Margins

Key Takeaways Strong charter backlog and newbuildings secure predictable revenue streams, mitigating market volatility and ensuring steady cash flow for future earnings growth. Enhanced balance sheet strength and shareholder returns through credit upgrades, share buybacks, and dividend increases boost financial flexibility and future profit potential.
View narrative
US$101.00
FV
24.4% undervalued intrinsic discount
0.29%
Revenue growth p.a.
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2 days ago author updated this narrative

Danaos Corporation Competitors

Navios Maritime Partners

NYSE:NMM

US$1.3b

Costamare

NYSE:CMRE

US$1.5b

Golden Ocean Group

NasdaqGS:GOGL

US$1.7b

Capital Clean Energy Carriers

NasdaqGS:CCEC

US$1.1b

Price History & Performance

Summary of share price highs, lows and changes for Danaos
Historical stock prices
Current Share PriceUS$76.40
52 Week HighUS$98.25
52 Week LowUS$69.33
Beta1.47
1 Month Change-10.51%
3 Month Change-5.38%
1 Year Change3.45%
3 Year Change9.03%
5 Year Change742.34%
Change since IPO-73.83%

Recent News & Updates

Benign Growth For Danaos Corporation (NYSE:DAC) Underpins Its Share Price

Dec 04
Benign Growth For Danaos Corporation (NYSE:DAC) Underpins Its Share Price

We Like These Underlying Return On Capital Trends At Danaos (NYSE:DAC)

Nov 14
We Like These Underlying Return On Capital Trends At Danaos (NYSE:DAC)

Danaos Corporation: Providing A Long-Volatility Exposure To Geopolitics

Nov 12

Recent updates

Benign Growth For Danaos Corporation (NYSE:DAC) Underpins Its Share Price

Dec 04
Benign Growth For Danaos Corporation (NYSE:DAC) Underpins Its Share Price

We Like These Underlying Return On Capital Trends At Danaos (NYSE:DAC)

Nov 14
We Like These Underlying Return On Capital Trends At Danaos (NYSE:DAC)

Danaos Corporation: Providing A Long-Volatility Exposure To Geopolitics

Nov 12

Earnings Working Against Danaos Corporation's (NYSE:DAC) Share Price

Sep 04
Earnings Working Against Danaos Corporation's (NYSE:DAC) Share Price

Danaos Corporation: Drybulk Debut Not The Only Attractive Aspect

Aug 22

Is It Too Late To Consider Buying Danaos Corporation (NYSE:DAC)?

Aug 09
Is It Too Late To Consider Buying Danaos Corporation (NYSE:DAC)?

Danaos Corporation: A Ship In Good Shape, But Is It Worth Boarding? Not Yet

Jul 29

Danaos' (NYSE:DAC) Returns On Capital Are Heading Higher

Jul 19
Danaos' (NYSE:DAC) Returns On Capital Are Heading Higher

Danaos: Could A Take Private Deal Be In The Works?

May 23

Lacklustre Performance Is Driving Danaos Corporation's (NYSE:DAC) Low P/E

May 21
Lacklustre Performance Is Driving Danaos Corporation's (NYSE:DAC) Low P/E

Is It Time To Consider Buying Danaos Corporation (NYSE:DAC)?

Apr 30
Is It Time To Consider Buying Danaos Corporation (NYSE:DAC)?

Danaos: The Valuation Math Still Heavily Favors Bulls

Apr 29

Danaos: Feeling Frustrated? This Is Your Permission Slip To Get Out

Apr 01

Danaos Corporation (NYSE:DAC) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 16
Danaos Corporation (NYSE:DAC) Analysts Are Pretty Bullish On The Stock After Recent Results

Danaos: Just Far Too Cheap, It's A Buy

Feb 10

Danaos (NYSE:DAC) Has A Pretty Healthy Balance Sheet

Feb 03
Danaos (NYSE:DAC) Has A Pretty Healthy Balance Sheet

Danaos: Eagle Bulk Stake Pays Off Big Amid Merger With Star Bulk, Red Sea Blockade

Jan 07

Is There Now An Opportunity In Danaos Corporation (NYSE:DAC)?

Dec 09
Is There Now An Opportunity In Danaos Corporation (NYSE:DAC)?

Danaos Q3: Dividends On The Rise, Buybacks Persist - Is It Enough?

Nov 30

The Return Trends At Danaos (NYSE:DAC) Look Promising

Nov 09
The Return Trends At Danaos (NYSE:DAC) Look Promising

Danaos: Change In Capital Allocation Mindset Needed To Unlock Upside

Oct 26

Danaos Corporation: Tough To Beat

Oct 14

Danaos And Global Ship Lease: High Conviction Longs, 1-Year Review

Sep 20

Danaos (NYSE:DAC) Has A Rock Solid Balance Sheet

Sep 06
Danaos (NYSE:DAC) Has A Rock Solid Balance Sheet

Danaos: Too Cheap And Profitable To Ignore

Aug 16

Danaos' (NYSE:DAC) Dividend Will Be $0.75

Aug 10
Danaos' (NYSE:DAC) Dividend Will Be $0.75

Should You Investigate Danaos Corporation (NYSE:DAC) At US$68.13?

Aug 05
Should You Investigate Danaos Corporation (NYSE:DAC) At US$68.13?

Danaos Corporation: Low Leverage And Strong Revenue Backlog Show Way For The Future

Aug 03

Unleashing The Power Of The Small: Danaos - From Debt Heavy To Flexible Capital Allocator

Jul 15

Danaos Corp.: Eagle Bulk Investment Raises Concerns, Inspires Activist Roadmap To $130

Jun 26

The Returns On Capital At Danaos (NYSE:DAC) Don't Inspire Confidence

Jun 09
The Returns On Capital At Danaos (NYSE:DAC) Don't Inspire Confidence

Danaos: Undervaluation To The Extreme

Jun 07

Danaos' (NYSE:DAC) Dividend Will Be $0.75

May 19
Danaos' (NYSE:DAC) Dividend Will Be $0.75

Is Danaos (NYSE:DAC) A Risky Investment?

May 17
Is Danaos (NYSE:DAC) A Risky Investment?

Danaos Non-GAAP EPS of $6.99, revenue of $252.48M

Feb 14

Danaos: Off-Cycle Logic Brings Opportunity

Feb 03

Is It Time To Consider Buying Danaos Corporation (NYSE:DAC)?

Feb 02
Is It Time To Consider Buying Danaos Corporation (NYSE:DAC)?

Capital Allocation Trends At Danaos (NYSE:DAC) Aren't Ideal

Jan 11
Capital Allocation Trends At Danaos (NYSE:DAC) Aren't Ideal

Does Danaos (NYSE:DAC) Have A Healthy Balance Sheet?

Dec 08
Does Danaos (NYSE:DAC) Have A Healthy Balance Sheet?

Danaos Or Global Ship Lease? A Look At Key Factors

Dec 06

Danaos Corp.: Cheap Price But Could Stay Cheap For A While

Nov 08

Danaos: The Best Of The Containership Lessors

Oct 26

Danaos: Market Seems Overly Alarmed By Current Rates

Oct 11

At US$70.02, Is Danaos Corporation (NYSE:DAC) Worth Looking At Closely?

Sep 12
At US$70.02, Is Danaos Corporation (NYSE:DAC) Worth Looking At Closely?

Danaos: Stock Is Cheap, But Where Are The Buybacks? Ask Management

Sep 05

Danaos: It's Coming Down Again, Buy This Dip Confidently

Aug 22

Danaos (NYSE:DAC) Will Be Hoping To Turn Its Returns On Capital Around

Aug 21
Danaos (NYSE:DAC) Will Be Hoping To Turn Its Returns On Capital Around

Danaos: Record Earnings, Low Debt, Dividend, And Buyback But Still Undervalued

Aug 05

Here's Why Danaos (NYSE:DAC) Can Manage Its Debt Responsibly

Aug 03
Here's Why Danaos (NYSE:DAC) Can Manage Its Debt Responsibly

Danaos Corp: Massive Undervaluation And Strong Returns Ahead (Podcast Transcript)

Jul 27

Shareholder Returns

DACUS ShippingUS Market
7D-3.5%-6.3%-3.5%
1Y3.5%13.2%22.1%

Return vs Industry: DAC underperformed the US Shipping industry which returned 13.2% over the past year.

Return vs Market: DAC underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is DAC's price volatile compared to industry and market?
DAC volatility
DAC Average Weekly Movement3.6%
Shipping Industry Average Movement5.0%
Market Average Movement6.3%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: DAC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: DAC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19634John Coustaswww.danaos.com

Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity.

Danaos Corporation Fundamentals Summary

How do Danaos's earnings and revenue compare to its market cap?
DAC fundamental statistics
Market capUS$1.48b
Earnings (TTM)US$564.57m
Revenue (TTM)US$1.01b

2.6x

P/E Ratio

1.5x

P/S Ratio

Is DAC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DAC income statement (TTM)
RevenueUS$1.01b
Cost of RevenueUS$271.44m
Gross ProfitUS$733.80m
Other ExpensesUS$169.24m
EarningsUS$564.57m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)29.20
Gross Margin73.00%
Net Profit Margin56.16%
Debt/Equity Ratio20.1%

How did DAC perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

11%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 00:07
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Danaos Corporation is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kenneth HoexterBofA Global Research
Christian WetherbeeCitigroup Inc
Gregory LewisCredit Suisse