Danaos Statistics

Share Statistics

Danaos has 18.31M shares outstanding. The number of shares has increased by -3.99% in one year.

Shares Outstanding	18.31M
Shares Change (YoY)	-3.99%
Shares Change (QoQ)	-0.51%
Owned by Institutions (%)	16.91%
Shares Floating	9.2M
Failed to Deliver (FTD) Shares	733
FTD / Avg. Volume	0.84%

Short Selling Information

The latest short interest is 482.44K, so 2.63% of the outstanding shares have been sold short.

Short Interest	482.44K
Short % of Shares Out	2.63%
Short % of Float	5.55%
Short Ratio (days to cover)	5.5

Valuation Ratios

The PE ratio is 3.06 and the forward PE ratio is 3.6. Danaos's PEG ratio is -0.31.

PE Ratio	3.06
Forward PE	3.6
PS Ratio	1.53
Forward PS	1.7
PB Ratio	0.45
P/FCF Ratio	-41.14
PEG Ratio	-0.31

Financial Ratio History

Enterprise Valuation

Danaos has an Enterprise Value (EV) of 1.83B.

EV / Sales	1.8
EV / EBITDA	2.71
EV / EBIT	2.94
EV / FCF	-48.63

Financial Position

The company has a current ratio of 3.97, with a Debt / Equity ratio of 0.21.

Current Ratio	3.97
Quick Ratio	3.83
Debt / Equity	0.21
Debt / EBITDA	1.09
Debt / FCF	-19.55
Interest Coverage	18.16

Financial Efficiency

Return on Equity is 14.75% and Return on Invested Capital is 12.85%.

Return on Equity	14.75%
Return on Assets	11.63%
Return on Invested Capital	12.85%
Revenue Per Employee	$253.53M
Profits Per Employee	$126.27M
Employee Count	4
Asset Turnover	0.23
Inventory Turnover	16.67

Taxes

Income Tax	n/a
Effective Tax Rate	0%

Stock Price Statistics

The stock price has increased by 15.36% in the last 52 weeks. The beta is 1.42, so Danaos's price volatility has been higher than the market average.

Beta	1.42
52-Week Price Change	15.36%
50-Day Moving Average	88.72
200-Day Moving Average	82.57
Relative Strength Index (RSI)	64.39
Average Volume (20 Days)	87,240

Income Statement

In the last 12 months, Danaos had revenue of 1.01B and earned 505.07M in profits. Earnings per share was 26.15.

Revenue	1.01B
Gross Profit	615.94M
Operating Income	540.88M
Net Income	505.07M
EBITDA	675.07M
EBIT	531.26M
Earnings Per Share (EPS)	26.15

Full Income Statement

Balance Sheet

The company has 453.38M in cash and 734.78M in debt, giving a net cash position of -281.4M.

Cash & Cash Equivalents	453.38M
Total Debt	734.78M
Net Cash	-281.4M
Retained Earnings	2.84B
Total Assets	4.52B
Working Capital	656.72M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 621.75M and capital expenditures -659.34M, giving a free cash flow of -37.59M.

Operating Cash Flow	621.75M
Capital Expenditures	-659.34M
Free Cash Flow	-37.59M
FCF Per Share	-1.95

Full Cash Flow Statement

Margins

Gross margin is 60.74%, with operating and profit margins of 53.34% and 49.8%.

Gross Margin	60.74%
Operating Margin	53.34%
Pretax Margin	49.8%
Profit Margin	49.8%
EBITDA Margin	66.57%
EBIT Margin	53.34%
FCF Margin	-3.71%

Dividends & Yields

DAC pays an annual dividend of $4.2, which amounts to a dividend yield of 3.59%.

Dividend Per Share	$4.20
Dividend Yield	3.59%
Dividend Growth (YoY)	6.25%
Payout Ratio	17.23%
Earnings Yield	32.66%
FCF Yield	-2.43%

Dividend Details

Analyst Forecast

The average price target for DAC is $105, which is 10.7% higher than the current price. The consensus rating is "Buy".

Price Target	$105
Price Target Difference	10.7%
Analyst Consensus	Buy
Analyst Count	1

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$653.75
Lynch Upside	589.17%
Graham Number	322.97
Graham Upside	240.47%

Stock Splits

The last stock split was on May 2, 2019. It was a backward split with a ratio of 1:14.

Last Split Date	May 2, 2019
Split Type	backward
Split Ratio	1:14

Scores

Altman Z-Score	2.83
Piotroski F-Score	6

Danaos Corporation (DAC)