Upcoming Dividend • May 20
Upcoming dividend of US$0.90 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.0%). Duyuru • May 12
Danaos Corporation Declares Dividend for the First Quarter of 2026, Payable on June 4, 2026 Danaos Corporation has declared a dividend of $0.90 per share of common stock for the first quarter of 2026, which is payable on June 4, 2026, to stockholders of record as of May 26, 2026. Duyuru • May 04
Danaos Corporation to Report Q1, 2026 Results on May 11, 2026 Danaos Corporation announced that they will report Q1, 2026 results After-Market on May 11, 2026 Duyuru • Feb 10
Danaos Corporation Declares Dividend for the Fourth Quarter of 2025, Payable on March 4, 2026 Danaos Corporation has declared a dividend of $0.90 per share of common stock for the fourth quarter of 2025. The dividend is payable on March 4, 2026, to stockholders of record as of February 23, 2026. Duyuru • Jan 23
Danaos Corporation to Report Q4, 2025 Results on Feb 09, 2026 Danaos Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 09, 2026 Duyuru • Nov 18
Danaos Corporation Declares Dividend for the Third Quarter of 2025, Payable on December 11, 2025 Danaos Corporation declared a dividend of $0.90 per share of common stock for the third quarter of 2025, which is payable on December 11, 2025 to stockholders of record as of December 2, 2025. Duyuru • Nov 06
Danaos Corporation to Report Q3, 2025 Results on Nov 17, 2025 Danaos Corporation announced that they will report Q3, 2025 results After-Market on Nov 17, 2025 Duyuru • Oct 13
Danaos Corporation Announces Board and Committee Changes, Effective October 13, 2025 Danaos Corporation announced that William Repko has resigned from company’s board of directors, effective as of October 13, 2025. Effective October 13, 2025, Mr. Charalampos Pampoukis has been appointed to the Audit Committee of the Board of Directors to fill the vacancy of William Repko. Duyuru • Aug 05
Danaos Corporation Declares Dividend for the Second Quarter of 2025, Payable on August 28, 2025 Danaos Corporation has declared a dividend of $0.85 per share of common stock for the Second Quarter of 2025, which is payable on August 28, 2025, to stockholders of record as of August 19, 2025. Duyuru • Jul 25
Danaos Corporation to Report Q2, 2025 Results on Aug 04, 2025 Danaos Corporation announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Duyuru • Jun 23
Danaos Corporation, Annual General Meeting, Aug 01, 2025 Danaos Corporation, Annual General Meeting, Aug 01, 2025, at 10:00 GTB Standard Time. Location: danaos shipping co. ltd., 14 akti kondyli, 185 45., piraeus Greece Duyuru • May 14
Danaos Corporation Declares Dividend for the First Quarter of 2025, Payable on June 5, 2025 Danaos Corporation has declared a dividend of $0.85 per share of common stock for the first quarter of 2025, which is payable on June 5, 2025, to stockholders of record as of May 27, 2025. Duyuru • May 08
Danaos Corporation to Report Q1, 2025 Results on May 13, 2025 Danaos Corporation announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on May 13, 2025 Duyuru • Feb 11
Danaos Corporation Declares Dividend for the Fourth Quarter Ended December 31, 2024, Payable on March 5, 2025 Danaos Corporation declared a dividend of $0.85 per share of common stock for the fourth quarter ended December 31, 2024. The dividend is payable on March 5, 2025, to stockholders of record as of February 24, 2025. Duyuru • Jan 21
Danaos Corporation to Report Q4, 2024 Results on Feb 10, 2025 Danaos Corporation announced that they will report Q4, 2024 results After-Market on Feb 10, 2025 Declared Dividend • Nov 14
Third quarter dividend of US$0.85 announced Shareholders will receive a dividend of US$0.85. Ex-date: 25th November 2024 Payment date: 4th December 2024 Dividend yield will be 3.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (3% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 13% over the next 2 years. However, it would need to fall by 97% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$6.36 (vs US$6.76 in 3Q 2023) Third quarter 2024 results: EPS: US$6.36 (down from US$6.76 in 3Q 2023). Revenue: US$256.2m (up 7.1% from 3Q 2023). Net income: US$123.0m (down 7.6% from 3Q 2023). Profit margin: 48% (down from 56% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Nov 01
Danaos Corporation to Report Q3, 2024 Results on Nov 12, 2024 Danaos Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 12, 2024 Declared Dividend • Aug 12
Second quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 20th August 2024 Payment date: 29th August 2024 Dividend yield will be 4.1%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but not covered by cash flows (267% cash payout ratio). The dividend has increased by an average of 17% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 45% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$7.30 (vs US$7.32 in 2Q 2023) Second quarter 2024 results: EPS: US$7.30 (down from US$7.32 in 2Q 2023). Revenue: US$246.3m (up 2.0% from 2Q 2023). Net income: US$141.2m (down 4.0% from 2Q 2023). Profit margin: 57% (down from 61% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.4% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Aug 06
Danaos Corporation Declares Dividend for the Second Quarter of 2024, Payable on August 29, 2024 Danaos Corporation has declared a dividend of $0.80 per share of common stock for the second quarter of 2024, which is payable on August 29, 2024 to stockholders of record as of August 20, 2024. Duyuru • Jul 30
Danaos Corporation to Report Q2, 2024 Results on Aug 05, 2024 Danaos Corporation announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Duyuru • Jun 24
Danaos Corporation, Annual General Meeting, Aug 02, 2024 Danaos Corporation, Annual General Meeting, Aug 02, 2024, at 10:00 GTB Standard Time. Location: danaos shipping co. ltd., 14 akti kondyli, 185 45, piraeus Greece Upcoming Dividend • Jun 04
Upcoming dividend of US$0.80 per share Eligible shareholders must have bought the stock before 11 June 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.5%). Reported Earnings • May 29
First quarter 2024 earnings released: EPS: US$7.75 (vs US$7.19 in 1Q 2023) First quarter 2024 results: EPS: US$7.75 (up from US$7.19 in 1Q 2023). Revenue: US$253.4m (up 4.1% from 1Q 2023). Net income: US$150.5m (up 2.9% from 1Q 2023). Profit margin: 59% (in line with 1Q 2023). Revenue is expected to decline by 8.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Duyuru • May 12
Danaos Corporation to Report Q1, 2024 Results on May 28, 2024 Danaos Corporation announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on May 28, 2024 Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: US$28.99 (vs US$27.30 in FY 2022) Full year 2023 results: EPS: US$28.99 (up from US$27.30 in FY 2022). Revenue: US$973.6m (down 2.0% from FY 2022). Net income: US$576.3m (up 3.1% from FY 2022). Profit margin: 59% (up from 56% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 20
Upcoming dividend of US$0.80 per share Eligible shareholders must have bought the stock before 27 February 2024. Payment date: 14 March 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (16%). Declared Dividend • Feb 19
Fourth quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 27th February 2024 Payment date: 14th March 2024 Dividend yield will be 4.4%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 17% per year over the past 3 years and payments have been stable during that time. EPS is expected to decline by 49% over the next 3 years. However, it would need to fall by 88% to increase the payout ratio to a potentially unsustainable range. Duyuru • Feb 14
Danaos Corporation Declares Dividend for the Fourth Quarter of 2023, Payable on March 14, 2024 Danaos Corporation declared a dividend of $0.80 per share of common stock for the fourth quarter of 2023, which is payable on March 14, 2024 to stockholders of record as of February 28, 2024. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$28.99 (vs US$27.30 in FY 2022) Full year 2023 results: EPS: US$28.99 (up from US$27.30 in FY 2022). Revenue: US$973.6m (down 2.0% from FY 2022). Net income: US$576.3m (up 3.1% from FY 2022). Profit margin: 59% (up from 56% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 6.5% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Duyuru • Feb 09
Danaos Corporation to Report Q4, 2023 Results on Feb 13, 2024 Danaos Corporation announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Duyuru • Nov 15
Danaos Corporation Declares Dividend for the Third Quarter of 2023, Payable on December 6, 2023 Danaos Corporation has declared a dividend of $0.80 per share of common stock for the third quarter of 2023, which is payable on December 6, 2023, to stockholders of record as of November 27, 2023. Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: US$6.76 (vs US$3.29 in 3Q 2022) Third quarter 2023 results: EPS: US$6.76 (up from US$3.29 in 3Q 2022). Revenue: US$239.2m (down 8.0% from 3Q 2022). Net income: US$133.2m (up 99% from 3Q 2022). Profit margin: 56% (up from 26% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 6.3% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 28
Danaos Corporation to Report Q3, 2023 Results on Nov 13, 2023 Danaos Corporation announced that they will report Q3, 2023 results After-Market on Nov 13, 2023 Upcoming Dividend • Aug 15
Upcoming dividend of US$0.75 per share at 4.3% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%). Duyuru • Aug 09
Danaos Corporation Declares Dividend for the Second Quarter of 2023, Payable on September 1, 2023 Danaos Corporation has declared a dividend of $0.75 per share of common stock for the second quarter of 2023, which is payable on September 1, 2023 to stockholders of record as of August 23, 2023. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: US$7.24 (vs US$0.40 in 2Q 2022) Second quarter 2023 results: EPS: US$7.24 (up from US$0.40 in 2Q 2022). Revenue: US$241.5m (down 3.8% from 2Q 2022). Net income: US$147.0m (up US$138.8m from 2Q 2022). Profit margin: 61% (up from 3.3% in 2Q 2022). Revenue is expected to fall by 5.7% p.a. on average during the next 3 years compared to a 7.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 138% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 17
Danaos Corporation, Annual General Meeting, Jul 28, 2023 Danaos Corporation, Annual General Meeting, Jul 28, 2023, at 10:00 E. Europe Standard Time. Location: Danaos Shipping Co. Ltd., 14 Akti Kondyli, Piraeus Greece Agenda: To elect one Class II director to hold office until the annual meeting of stockholders in 2026 and until such director’s successor has been duly elected and qualified; to ratify the appointment of company's independent auditors; and to transact such other business as may properly come before the 2023 Annual Meeting and any adjournments or postponements thereof. Buying Opportunity • Jun 15
Now 22% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be €73.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to decline by 12% in 2 years. Earnings is forecast to grow by 45% in the next 2 years. New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (37% net profit margin). Reported Earnings • May 16
First quarter 2023 earnings released: EPS: US$7.19 (vs US$16.02 in 1Q 2022) First quarter 2023 results: EPS: US$7.19 (down from US$16.02 in 1Q 2022). Revenue: US$243.6m (up 5.9% from 1Q 2022). Net income: US$146.2m (down 56% from 1Q 2022). Profit margin: 60% (down from 144% in 1Q 2022). Revenue is expected to fall by 5.4% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 128% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: US$27.30 (vs US$51.75 in FY 2021) Full year 2022 results: EPS: US$27.30 (down from US$51.75 in FY 2021). Revenue: US$993.3m (up 44% from FY 2021). Net income: US$559.2m (down 47% from FY 2021). Profit margin: 56% (down from 153% in FY 2021). Revenue is expected to fall by 4.5% p.a. on average during the next 2 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 103% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 15
Danaos Corporation Announces Fourth Quarter Dividend, Payable on March 14, 2023 Danaos Corporation has declared a dividend of $0.75 per share of common stock for the fourth quarter of 2022, which is payable on March 14, 2023 to stockholders of record as of February 28, 2023. Duyuru • Feb 07
Danaos Corporation to Report Q4, 2022 Results on Feb 14, 2023 Danaos Corporation announced that they will report Q4, 2022 results After-Market on Feb 14, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Director Richard Sadler was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: US$3.29 (vs US$10.67 in 3Q 2021) Third quarter 2022 results: EPS: US$3.29 (down from US$10.67 in 3Q 2021). Revenue: US$260.0m (up 33% from 3Q 2021). Net income: US$66.8m (down 69% from 3Q 2021). Profit margin: 26% (down from 111% in 3Q 2021). Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 08
Danaos Corporation Declares Dividend for the Third Quarter of 2022, Payable on November 30, 2022 Danaos Corporation declared a dividend of $0.75 per share of common stock for the third quarter of 2022, which is payable on November 30, 2022 to stockholders of record as of November 18, 2022. Duyuru • Nov 03
Danaos Corporation to Report Q3, 2022 Results on Nov 07, 2022 Danaos Corporation announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2022 Upcoming Dividend • Aug 09
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 29 August 2022. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (9.2%). Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$0.40 (vs US$18.32 in 2Q 2021) Second quarter 2022 results: EPS: US$0.40 (down from US$18.32 in 2Q 2021). Revenue: US$250.9m (up 71% from 2Q 2021). Net income: US$8.22m (down 98% from 2Q 2021). Profit margin: 3.3% (down from 255% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has increased by 125% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 02
Danaos Corporation Declares Dividend for the Second Quarter of 2022, Payable on August 29, 2022 Danaos Corporation declared a dividend of $0.75 per share of common stock for the second quarter of 2022, which is payable on August 29, 2022 to stockholders of record as of August 17, 2022. Duyuru • Jul 28
Danaos Corporation to Report Q2, 2022 Results on Aug 01, 2022 Danaos Corporation announced that they will report Q2, 2022 results After-Market on Aug 01, 2022 Duyuru • Jun 18
Danaos Corporation, Annual General Meeting, Jul 29, 2022 Danaos Corporation, Annual General Meeting, Jul 29, 2022, at 10:00 E. Europe Standard Time. Location: offices of our manager, Danaos Shipping Co. Ltd., 14 Akti Kondyli, 185 45 Piraeus Greece Agenda: To consider electing two Class III directors to hold office until the annual meeting of stockholders in 2025 and until such directors’ respective successor has been duly elected and qualified; to ratify the appointment of independent auditors; and to transact such other business as may properly come before the 2022 annual meeting and any adjournments or postponements thereof. Duyuru • May 17
Danaos Corporation Declares Dividend for the First Quarter of 2022, Payable on June 8, 2022 Danaos Corporation declared a dividend of $0.75 per share of common stock for the first quarter of 2022, which is payable on June 8, 2022 to stockholders of record as of May 27, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: US$16.02 (vs US$14.63 in 1Q 2021) First quarter 2022 results: EPS: US$16.02 (up from US$14.63 in 1Q 2021). Revenue: US$229.9m (up 74% from 1Q 2021). Net income: US$331.5m (up 12% from 1Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 5.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 83% per year, which means it is significantly lagging earnings growth. Duyuru • May 10
Danaos Corporation to Report Q1, 2022 Results on May 16, 2022 Danaos Corporation announced that they will report Q1, 2022 results After-Market on May 16, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Director Petros Christodoulou was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$51.75 (up from US$6.51 in FY 2020). Revenue: US$689.5m (up 49% from FY 2020). Net income: US$1.05b (up US$899.3m from FY 2020). Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 27%, compared to a 31% growth forecast for the industry in Germany. Duyuru • Feb 08
Danaos Corporation Declares Dividend of Common Stock for the Fourth Quarter of 2021, Payable on February 28, 2022 Danaos Corporation declared a dividend of $0.75 per share of common stock for the fourth quarter of 2021, which is payable on February 28, 2022 to stockholders of record as of February 17, 2022. Duyuru • Feb 03
Danaos Corporation to Report Q4, 2021 Results on Feb 07, 2022 Danaos Corporation announced that they will report Q4, 2021 results After-Market on Feb 07, 2022 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improved over the past week After last week's 23% share price gain to €83.50, the stock trades at a trailing P/E ratio of 2x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 284% over the past year. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Anthony Kandylidis was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS US$10.67 (vs US$1.74 in 3Q 2020) Third quarter 2021 results: Revenue: US$195.9m (up 65% from 3Q 2020). Net income: US$217.2m (up 408% from 3Q 2020). Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS US$18.32 (vs US$1.57 in 2Q 2020) Second quarter 2021 results: Revenue: US$146.4m (up 25% from 2Q 2020). Net income: US$372.8m (up US$334.3m from 2Q 2020). Duyuru • Jul 03
Danaos Corporation (NYSE:DAC) acquired remaining 51% stake in Gemini Shipholdings Corporation from Virage International Ltd for $86.7 million. Danaos Corporation (NYSE:DAC) acquired remaining 51% stake in Gemini Shipholdings Corporation from Virage International Ltd for approximately $130 million on July 1, 2021. As per the transaction, Danaos Corporation will pay approximately $72.3 million, which is the purchase price net of $14.4 million of the Gemini Shipholdings Corporation cash balance on June 30, 2021. Gemini's total debt and net debt, which will be assumed and consolidated by the Company, was $45 million and $30.6 million, respectively, as of June 30, 2021. The transaction is approved by Danaos Corporation board of directors. Clarksons Platou Securities acted as financial advisor to an independent committee comprised solely of independent and disinterested members of the Company's Board of Directors.
Danaos Corporation (NYSE:DAC) completed the acquisition of remaining 51% stake in Gemini Shipholdings Corporation from Virage International Ltd on July 1, 2021. Reported Earnings • May 12
First quarter 2021 earnings released: EPS US$14.63 (vs US$1.18 in 1Q 2020) First quarter 2021 results: Revenue: US$132.1m (up 24% from 1Q 2020). Net income: US$296.8m (up US$267.7m from 1Q 2020). Duyuru • May 11
Danaos Corporation Declares Dividend for the First Quarter of 2021, Payable on June 9, 2021 On May 10, 2021 Danaos Corporation declared a dividend of $0.50 per share of common stock for the first quarter of 2021, which is payable on June 9, 2021 to stockholders of record as of May 27, 2021. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 21% share price gain to US$54.00, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Shipping industry in Europe. Total returns to shareholders of 1,507% over the past year. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 15% share price gain to US$48.20, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Shipping industry in Europe. Total returns to shareholders of 1,203% over the past year. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS US$6.51 (vs US$8.29 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$461.6m (up 3.2% from FY 2019). Net income: US$153.6m (up 17% from FY 2019). Profit margin: 33% (up from 29% in FY 2019). The increase in margin was primarily driven by higher revenue. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue beats expectations Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 22%, compared to a 9.0% growth forecast for the Shipping industry in Germany. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 25% share price gain to US$36.20, the stock is trading at a trailing P/E ratio of 6.2x, up from the previous P/E ratio of 5x. This compares to an average P/E of 15x in the Shipping industry in Europe. Total returns to shareholders over the past year are 712%. Is New 90 Day High Low • Mar 02
New 90-day high: €36.20 The company is up 235% from its price of €10.80 on 01 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 17% over the same period. Reported Earnings • Feb 18
Full year 2020 earnings released: EPS US$6.51 (vs US$8.29 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$461.6m (up 3.2% from FY 2019). Net income: US$153.6m (up 17% from FY 2019). Profit margin: 33% (up from 29% in FY 2019). The increase in margin was primarily driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 22%, compared to a 14% growth forecast for the Shipping industry in Germany. Duyuru • Feb 10
Danaos Corporation to Report Q4, 2020 Results on Feb 15, 2021 Danaos Corporation announced that they will report Q4, 2020 results After-Market on Feb 15, 2021 Is New 90 Day High Low • Feb 09
New 90-day high: €27.00 The company is up 200% from its price of €9.00 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 17% share price gain to US$26.00, the stock is trading at a trailing P/E ratio of 5.2x, up from the previous P/E ratio of 4.5x. This compares to an average P/E of 20x in the Shipping industry in Europe. Total returns to shareholders over the past year are 400%. Duyuru • Jan 29
Danaos Corporation announced that it expects to receive $300 million in funding Danaos Corporation (NYSE:DAC) announced a private placement of senior unsecured notes due 2028 for gross proceeds of up to $300,000,000 on January 28, 2021. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 18% share price gain to US$19.10, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 20x in the Shipping industry in Europe. Total returns to shareholders over the past year are 129%. Is New 90 Day High Low • Jan 06
New 90-day high: €18.00 The company is up 177% from its price of €6.50 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 35% over the same period. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 24% share price gain to US$15.00, the stock is trading at a trailing P/E ratio of 2.8x, up from the previous P/E ratio of 2.2x. This compares to an average P/E of 19x in the Shipping industry in Europe. Total returns to shareholders over the past year are 94%. Is New 90 Day High Low • Dec 15
New 90-day high: €15.00 The company is up 204% from its price of €4.94 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 31% over the same period. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 22% share price gain to US$12.70, the stock is trading at a trailing P/E ratio of 2.8x, up from the previous P/E ratio of 2.3x. This compares to an average P/E of 19x in the Shipping industry in Europe. Total returns to shareholders over the past year are 66%. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 21% share price gain to US$12.10, the stock is trading at a trailing P/E ratio of 2.3x, up from the previous P/E ratio of 1.9x. This compares to an average P/E of 19x in the Shipping industry in Europe. Total returns to shareholders over the past year are 79%. Valuation Update With 7 Day Price Move • Dec 03
Market pulls back on stock over the past week After last week's 19% share price decline to US$10.00, the stock is trading at a trailing P/E ratio of 2.1x, down from the previous P/E ratio of 2.6x. This compares to an average P/E of 20x in the Shipping industry in Europe. Total returns to shareholders over the past year are 67%. Valuation Update With 7 Day Price Move • Nov 26
Market pulls back on stock over the past week After last week's 20% share price decline to US$9.95, the stock is trading at a trailing P/E ratio of 2.1x, down from the previous P/E ratio of 2.7x. This compares to an average P/E of 18x in the Shipping industry in Europe. Total returns to shareholders over the past year are 79%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 28% share price gain to US$13.10, the stock is trading at a trailing P/E ratio of 2.3x, up from the previous P/E ratio of 1.8x. This compares to an average P/E of 17x in the Shipping industry in Europe. Total returns to shareholders over the past year are 74%. Is New 90 Day High Low • Nov 11
New 90-day high: €9.00 The company is up 101% from its price of €4.48 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 15% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$1.74 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$118.9m (up 6.4% from 3Q 2019). Net income: US$42.8m (up 26% from 3Q 2019). Profit margin: 36% (up from 30% in 3Q 2019). The increase in margin was primarily driven by higher revenue. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 2.8%, compared to a 3.0% growth forecast for the Shipping industry in Germany. Is New 90 Day High Low • Oct 16
New 90-day high: €7.85 The company is up 171% from its price of €2.90 on 17 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 19% over the same period. Duyuru • Jul 25
Danaos Corporation to Report Q2, 2020 Results on Aug 03, 2020 Danaos Corporation announced that they will report Q2, 2020 results on Aug 03, 2020