DANAOS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 94.3 USD | -1.17% |
|
-2.55% | +27.33% |
| May. 28 | Transcript : Danaos Corporation, Q1 2024 Earnings Call, May 28, 2024 | |
| May. 28 | Danaos Q1 Adjusted Earnings, Revenue Increase | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 227.6 | 438.2 | 1,538 | 1,066 | 1,440 | 1,826 | - | - |
| Enterprise Value (EV) 1 | 227.6 | 438.2 | 2,744 | 1,310 | 1,573 | 1,835 | 1,435 | 1,139 |
| P/E ratio | - | 3.32 x | - | 1.93 x | 2.56 x | 3.17 x | 4.15 x | 5.23 x |
| Yield | - | - | 3.01% | 5.7% | 4.12% | 3.39% | 3.39% | 3.39% |
| Capitalization / Revenue | 0.51 x | 0.95 x | 2.23 x | 1.07 x | 1.5 x | 1.83 x | 2.09 x | 2.36 x |
| EV / Revenue | 0.51 x | 0.95 x | 3.98 x | 1.32 x | 1.63 x | 1.84 x | 1.64 x | 1.47 x |
| EV / EBITDA | 0.73 x | 1.38 x | 5.39 x | 1.54 x | 2.22 x | 2.46 x | 2.28 x | 2.18 x |
| EV / FCF | 1.15 x | 4.61 x | 37.9 x | - | 5.1 x | 9.86 x | 3.11 x | 3.17 x |
| FCF Yield | 87.2% | 21.7% | 2.64% | - | 19.6% | 10.1% | 32.2% | 31.5% |
| Price to Book | - | - | - | - | 0.48 x | 0.53 x | 0.48 x | 0.45 x |
| Nbr of stocks (in thousands) | 24,790 | 20,450 | 20,597 | 20,250 | 19,446 | 19,361 | - | - |
| Reference price 2 | 9.180 | 21.43 | 74.65 | 52.66 | 74.06 | 94.30 | 94.30 | 94.30 |
| Announcement Date | 2/10/20 | 2/16/21 | 2/7/22 | 2/14/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 447.2 | 461.6 | 689.5 | 993.3 | 963.2 | 996.3 | 873.9 | 773.6 |
| EBITDA 1 | 310.6 | 318.3 | 508.8 | 851.2 | 707 | 747.2 | 628.7 | 521.7 |
| EBIT 1 | 201.1 | 199.5 | 358.3 | 653.4 | 580.7 | 584 | 449.3 | 334.6 |
| Operating Margin | 44.96% | 43.22% | 51.96% | 65.78% | 60.29% | 58.61% | 51.41% | 43.25% |
| Earnings before Tax (EBT) 1 | - | - | 1,053 | 559.2 | 576.3 | 558 | 372 | 284 |
| Net income 1 | - | - | 1,053 | 559.2 | 576.3 | 581.9 | 447.3 | 354.8 |
| Net margin | - | - | 152.7% | 56.3% | 59.83% | 58.4% | 51.18% | 45.86% |
| EPS 2 | - | 6.450 | - | 27.28 | 28.95 | 29.71 | 22.74 | 18.02 |
| Free Cash Flow 1 | 198.5 | 95.02 | 72.39 | - | 308.3 | 186 | 462 | 359 |
| FCF margin | 44.39% | 20.58% | 10.5% | - | 32% | 18.67% | 52.87% | 46.41% |
| FCF Conversion (EBITDA) | 63.92% | 29.85% | 14.23% | - | 43.6% | 24.89% | 73.48% | 68.82% |
| FCF Conversion (Net income) | - | - | 6.88% | - | 53.49% | 31.96% | 103.29% | 101.19% |
| Dividend per Share 2 | - | - | 2.250 | 3.000 | 3.050 | 3.200 | 3.200 | 3.200 |
| Announcement Date | 2/10/20 | 2/16/21 | 2/7/22 | 2/14/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 215 | 229.9 | 250.9 | - | 252.5 | 241.5 | 239.2 | 238.9 | 253.4 | 238.8 | 249 | 255.1 |
| EBITDA 1 | 159.2 | 269.5 | 192.1 | - | 176.4 | 177.3 | 178 | 172.6 | 177.2 | 183.4 | 191.1 | 195.5 |
| EBIT 1 | 115.6 | 140.1 | 156.8 | - | 190.4 | 147.6 | 146.6 | 132 | 140.4 | 142.6 | 148.8 | 152.2 |
| Operating Margin | 53.77% | 60.93% | 62.49% | - | 75.41% | 61.13% | 61.28% | 55.23% | 55.41% | 59.7% | 59.77% | 59.64% |
| Earnings before Tax (EBT) 1 | 166 | 343.7 | 10.49 | - | 152.7 | 147 | 133.2 | 149.9 | 150.5 | 149 | 153 | 131 |
| Net income 1 | 166 | 331.5 | 8.224 | - | 152.7 | 147 | 133.2 | 149.9 | 150.5 | 138 | 144.7 | 148.7 |
| Net margin | 77.19% | 144.18% | 3.28% | - | 60.49% | 60.88% | 55.66% | 62.75% | 59.38% | 57.77% | 58.13% | 58.3% |
| EPS 2 | 8.050 | 16.00 | 0.4000 | - | 7.540 | 7.320 | 6.760 | 7.700 | 7.680 | 7.040 | 7.390 | 7.590 |
| Dividend per Share 2 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.8000 | 0.8000 | - | 0.8000 | 0.8000 | 0.8000 |
| Announcement Date | 2/7/22 | 5/16/22 | 8/1/22 | 11/7/22 | 2/14/23 | 8/7/23 | 11/13/23 | 2/13/24 | 5/28/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,206 | 243 | 132 | 9 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 391 | 687 |
| Leverage (Debt/EBITDA) | - | - | 2.371 x | 0.2858 x | 0.1872 x | 0.012 x | - | - |
| Free Cash Flow 1 | 199 | 95 | 72.4 | - | 308 | 186 | 462 | 359 |
| ROE (net income / shareholders' equity) | - | - | 67.4% | 24.1% | 20.7% | 17% | 10% | 7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | - | - | 155.0 | 179.0 | 197.0 | 211.0 |
| Cash Flow per Share 2 | 13.60 | 11.20 | 20.80 | 45.60 | 29.00 | 36.60 | 34.50 | 29.80 |
| Capex 1 | - | - | 356 | 199 | 268 | 445 | 93.2 | 173 |
| Capex / Sales | - | - | 51.59% | 20.05% | 27.83% | 44.67% | 10.66% | 22.38% |
| Announcement Date | 2/10/20 | 2/16/21 | 2/7/22 | 2/14/23 | 2/13/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
94.3
USD
Average target price
92
USD
Spread / Average Target
-2.44%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +27.33% | 1.83B | |
| +51.92% | 14.45B | |
| +11.37% | 3.39B | |
| +20.32% | 2.91B | |
| +97.97% | 2.35B | |
| +23.79% | 2.04B | |
| +30.04% | 2.06B | |
| -13.21% | 1.94B | |
| +48.61% | 1.85B | |
| +47.88% | 1.77B |
- Stock Market
- Equities
- DAC Stock
- Financials Danaos Corporation
