DANAOS CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 75.21 USD | +1.66% |
|
+3.08% | +1.55% |
| Feb. 14 | Transcript : Danaos Corporation, Q4 2023 Earnings Call, Feb 14, 2024 | |
| Feb. 14 | Danaos Q4 Adjusted Earnings Flat, Operating Revenue Declines | 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 | 1,460 | - | - |
| Enterprise Value (EV) 1 | 227.6 | 438.2 | 2,744 | 1,310 | 1,440 | 1,469 | 1,069 | 773.5 |
| P/E ratio | - | 3.32 x | - | 1.93 x | 2.56 x | 2.67 x | 4 x | 5.24 x |
| Yield | - | - | 3.01% | 5.7% | - | 4.25% | 4.25% | 4.25% |
| Capitalization / Revenue | 0.51 x | 0.95 x | 2.23 x | 1.07 x | 1.5 x | 1.52 x | 1.8 x | 2.02 x |
| EV / Revenue | 0.51 x | 0.95 x | 3.98 x | 1.32 x | 1.5 x | 1.53 x | 1.32 x | 1.07 x |
| EV / EBITDA | 0.73 x | 1.38 x | 5.39 x | 1.54 x | 2.04 x | 1.92 x | 1.72 x | 1.48 x |
| EV / FCF | 1.15 x | 4.61 x | 37.9 x | - | - | 7.9 x | 2.31 x | 2.15 x |
| FCF Yield | 87.2% | 21.7% | 2.64% | - | - | 12.7% | 43.2% | 46.4% |
| Price to Book | - | - | - | - | - | 0.42 x | 0.38 x | 0.36 x |
| Nbr of stocks (in thousands) | 24,790 | 20,450 | 20,597 | 20,250 | 19,446 | 19,419 | - | - |
| Reference price 2 | 9.180 | 21.43 | 74.65 | 52.66 | 74.06 | 75.21 | 75.21 | 75.21 |
| 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 | 963 | 810 | 722 |
| EBITDA 1 | 310.6 | 318.3 | 508.8 | 851.2 | 707 | 766.7 | 621.8 | 521.2 |
| EBIT 1 | 201.1 | 199.5 | 358.3 | 653.4 | 580.7 | 570 | 378 | 271 |
| Operating Margin | 44.96% | 43.22% | 51.96% | 65.78% | 60.29% | 59.19% | 46.67% | 37.53% |
| Earnings before Tax (EBT) 1 | - | - | 1,053 | 559.2 | 576.3 | 558 | 372 | 284 |
| Net income 1 | - | - | 1,053 | 559.2 | 576.3 | 558 | 372 | 284 |
| Net margin | - | - | 152.7% | 56.3% | 59.83% | 57.94% | 45.93% | 39.34% |
| EPS 2 | - | 6.450 | - | 27.28 | 28.95 | 28.20 | 18.80 | 14.34 |
| Free Cash Flow 1 | 198.5 | 95.02 | 72.39 | - | - | 186 | 462 | 359 |
| FCF margin | 44.39% | 20.58% | 10.5% | - | - | 19.31% | 57.04% | 49.72% |
| FCF Conversion (EBITDA) | 63.92% | 29.85% | 14.23% | - | - | 24.26% | 74.3% | 68.88% |
| FCF Conversion (Net income) | - | - | 6.88% | - | - | 33.33% | 124.19% | 126.41% |
| Dividend per Share 2 | - | - | 2.250 | 3.000 | - | 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 Q3 | 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 | 195.9 | 215 | 229.9 | 250.9 | - | 252.5 | 241.5 | 239.2 | 238.9 | 248 | 240 | 247 | 229 |
| EBITDA 1 | 149.6 | 159.2 | 269.5 | 192.1 | - | 176.4 | 177.3 | 178 | 172.6 | 198 | 192 | 198 | 178 |
| EBIT 1 | 112.3 | 115.6 | 140.1 | 156.8 | - | 190.4 | 147.6 | 146.6 | 132 | 158 | 152 | 155 | 133 |
| Operating Margin | 57.3% | 53.77% | 60.93% | 62.49% | - | 75.41% | 61.13% | 61.28% | 55.23% | 63.71% | 63.33% | 62.75% | 58.08% |
| Earnings before Tax (EBT) 1 | 217.2 | 166 | 343.7 | 10.49 | - | 152.7 | 147 | 133.2 | 149.9 | 154 | 149 | 153 | 131 |
| Net income 1 | 217.2 | 166 | 331.5 | 8.224 | - | 152.7 | 147 | 133.2 | 149.9 | 154 | 149 | 153 | 131 |
| Net margin | 110.88% | 77.19% | 144.18% | 3.28% | - | 60.49% | 60.88% | 55.66% | 62.75% | 62.1% | 62.08% | 61.94% | 57.21% |
| EPS 2 | 10.55 | 8.050 | 16.00 | 0.4000 | - | 7.540 | 7.320 | 6.760 | 7.700 | 7.780 | 7.510 | 7.740 | 6.640 |
| Dividend per Share 2 | 0.5000 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.8000 | - | 0.8000 | 0.8000 | 0.8000 | 0.8000 |
| Announcement Date | 11/8/21 | 2/7/22 | 5/16/22 | 8/1/22 | 11/7/22 | 2/14/23 | 8/7/23 | 11/13/23 | 2/13/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,206 | 243 | - | 9 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 391 | 687 |
| Leverage (Debt/EBITDA) | - | - | 2.371 x | 0.2858 x | - | 0.0117 x | - | - |
| Free Cash Flow 1 | 199 | 95 | 72.4 | - | - | 186 | 462 | 359 |
| ROE (net income / shareholders' equity) | - | - | 67.4% | 24.1% | - | 17% | 10% | 7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | - | - | - | 179.0 | 197.0 | 211.0 |
| Cash Flow per Share 2 | 13.60 | 11.20 | 20.80 | 45.60 | - | 39.10 | 34.10 | - |
| Capex 1 | - | - | 356 | 199 | - | 481 | 80.4 | 139 |
| Capex / Sales | - | - | 51.59% | 20.05% | - | 50% | 9.92% | 19.25% |
| 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
75.21
USD
Average target price
84.5
USD
Spread / Average Target
+12.35%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.55% | 1.46B | |
| +30.31% | 12.25B | |
| +21.24% | 4.13B | |
| +36.60% | 4B | |
| +16.23% | 2.8B | |
| -15.05% | 1.89B | |
| +18.10% | 1.88B | |
| +16.21% | 1.85B | |
| +0.95% | 1.66B | |
| +32.12% | 1.57B |
- Stock Market
- Equities
- DAC Stock
- Financials Danaos Corporation
