Stock DAC DANAOS CORPORATION
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Financials Danaos Corporation

Equities

DAC

MHY1968P1218

Marine Freight & Logistics

Real-time Estimate Cboe BZX
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 09:13:35 09/05/2024 pm IST 		5-day change 1st Jan Change
81.81 USD +0.86% Intraday chart for Danaos Corporation +6.90% +10.49%
14/02 Transcript : Danaos Corporation, Q4 2023 Earnings Call, Feb 14, 2024
14/02 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 1,575 - -
Enterprise Value (EV) 1 227.6 438.2 2,744 1,310 1,440 1,584 1,184 888.1
P/E ratio - 3.32 x - 1.93 x 2.56 x 2.88 x 4.31 x 5.67 x
Yield - - 3.01% 5.7% - 3.95% 3.95% 3.95%
Capitalization / Revenue 0.51 x 0.95 x 2.23 x 1.07 x 1.5 x 1.64 x 1.94 x 2.18 x
EV / Revenue 0.51 x 0.95 x 3.98 x 1.32 x 1.5 x 1.64 x 1.46 x 1.23 x
EV / EBITDA 0.73 x 1.38 x 5.39 x 1.54 x 2.04 x 2.07 x 1.9 x 1.7 x
EV / FCF 1.15 x 4.61 x 37.9 x - - 8.52 x 2.56 x 2.47 x
FCF Yield 87.2% 21.7% 2.64% - - 11.7% 39% 40.4%
Price to Book - - - - - 0.45 x 0.41 x 0.39 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 81.11 81.11 81.11
Announcement Date 10/02/20 16/02/21 07/02/22 14/02/23 13/02/24 - - -
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 14.30
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 10/02/20 16/02/21 07/02/22 14/02/23 13/02/24 - - -
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 08/11/21 07/02/22 16/05/22 01/08/22 07/11/22 14/02/23 07/08/23 13/11/23 13/02/24 - - - -
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 10/02/20 16/02/21 07/02/22 14/02/23 13/02/24 - - -
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

Ratings for Danaos Corporation

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
81.11 USD
Average target price
84.5 USD
Spread / Average Target
+4.18%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Deep Sea Freight

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Deep Sea Freight
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