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DP World

DB:3DW
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3DW
DB
$13B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

DP World PLC, together with its subsidiaries, develops and manages international marine and inland terminal operations, maritime services, industrial parks and economic zones, logistics and ancillary services, and technology-driven trade solutions. The last earnings update was 19 days ago. More info.


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  • DP World has significant price volatility in the past 3 months.
3DW Share Price and Events
7 Day Returns
-11%
DB:3DW
6.6%
DE Infrastructure
7.3%
DE Market
1 Year Returns
-36.7%
DB:3DW
-42.7%
DE Infrastructure
-17.7%
DE Market
3DW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DP World (3DW) -11% -42.1% -29.6% -36.7% -60.1% -52.5%
DE Infrastructure 6.6% -32.4% -48.6% -42.7% -41.2% -17.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 3DW outperformed the Infrastructure industry which returned -42.7% over the past year.
  • 3DW underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
3DW
Industry
5yr Volatility vs Market
Related Companies

Value

 Is DP World undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DP World to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for DP World.

DB:3DW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3DW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 55%) (128.12%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.1 * 6.07%)
6.28%

Discounted Cash Flow Calculation for DB:3DW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DP World is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:3DW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.28%)
2020 1,058.97 Est @ 2.01% 996.36
2021 1,508.00 Analyst x2 1,334.95
2022 1,558.50 Analyst x2 1,298.08
2023 1,578.55 Est @ 1.29% 1,237.05
2024 1,590.93 Est @ 0.78% 1,173.03
2025 1,597.79 Est @ 0.43% 1,108.44
2026 1,600.75 Est @ 0.19% 1,044.84
2027 1,600.95 Est @ 0.01% 983.18
2028 1,599.22 Est @ -0.11% 924.05
2029 1,596.14 Est @ -0.19% 867.74
Present value of next 10 years cash flows $10,967.00
DB:3DW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,596.14 × (1 + -0.39%) ÷ (6.28% – -0.39%)
$23,822.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $23,822.47 ÷ (1 + 6.28%)10
$12,951.13
DB:3DW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $10,967.00 + $12,951.13
$23,918.13
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $23,918.13 / 830.00
$28.82
DB:3DW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3DW represents 0.52258x of DIFX:DPW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.52258x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 28.82 x 0.52258
€15.06
Value per share (EUR) From above. €15.06
Current discount Discount to share price of €8.10
= -1 x (€8.10 - €15.06) / €15.06
46.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price DP World is available for.
Intrinsic value
46%
Share price is €8.1 vs Future cash flow value of €15.06
Current Discount Checks
For DP World to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DP World's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DP World's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DP World's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DP World's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3DW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.43
DIFX:DPW Share Price ** DIFX (2020-03-30) in USD $15.5
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 11.07x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DP World.

DB:3DW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DIFX:DPW Share Price ÷ EPS (both in USD)

= 15.5 ÷ 1.43

10.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DP World is good value based on earnings compared to the Europe Infrastructure industry average.
  • DP World is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does DP World's expected growth come at a high price?
Raw Data
DB:3DW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
4.9%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.18x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:3DW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.82x ÷ 4.9%

2.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DP World is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on DP World's assets?
Raw Data
DB:3DW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $14.24
DIFX:DPW Share Price * DIFX (2020-03-30) in USD $15.5
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 0.96x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:3DW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DIFX:DPW Share Price ÷ Book Value per Share (both in USD)

= 15.5 ÷ 14.24

1.09x

* Primary Listing of DP World.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DP World is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess DP World's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. DP World has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is DP World expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DP World expected to grow at an attractive rate?
  • DP World's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • DP World's earnings growth is positive but not above the Germany market average.
  • DP World's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3DW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3DW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 4.9%
DB:3DW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.2%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3DW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3DW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 8,784 3,112 1,337 4
2021-12-31 8,624 3,141 1,289 5
2020-12-31 8,523 2,999 1,012 4
2020-03-30
DB:3DW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 7,686 2,254 1,189
2019-09-30 7,085 2,190 1,262
2019-06-30 6,484 2,127 1,336
2019-03-31 6,065 2,039 1,316
2018-12-31 5,646 1,951 1,296
2018-09-30 5,349 2,074 1,286
2018-06-30 5,052 2,196 1,275
2018-03-31 4,890 2,202 1,226
2017-12-31 4,729 2,208 1,177
2017-09-30 4,568 2,056 1,093
2017-06-30 4,407 1,904 1,010
2017-03-31 4,319 1,874 1,017

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DP World's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • DP World's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3DW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from DP World Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3DW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.66 1.74 1.57 2.00
2021-12-31 1.63 1.68 1.58 2.00
2020-12-31 1.59 1.61 1.56 2.00
2020-03-30
DB:3DW Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.43
2019-09-30 1.52
2019-06-30 1.61
2019-03-31 1.59
2018-12-31 1.56
2018-09-30 1.55
2018-06-30 1.54
2018-03-31 1.48
2017-12-31 1.42
2017-09-30 1.32
2017-06-30 1.22
2017-03-31 1.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • DP World is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess DP World's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DP World has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has DP World performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DP World's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DP World's year on year earnings growth rate has been positive over the past 5 years.
  • DP World's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • DP World's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
DP World's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DP World Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3DW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 7,685.94 1,188.85 1,010.03
2019-09-30 7,084.93 1,262.33 951.68
2019-06-30 6,483.93 1,335.81 893.33
2019-03-31 6,065.10 1,316.15 831.90
2018-12-31 5,646.28 1,296.48 770.48
2018-09-30 5,349.14 1,285.89 752.11
2018-06-30 5,052.00 1,275.30 733.73
2018-03-31 4,890.39 1,226.01 716.76
2017-12-31 4,728.79 1,176.72 699.79
2017-09-30 4,567.93 1,093.45 696.09
2017-06-30 4,407.06 1,010.19 692.39
2017-03-31 4,319.32 1,017.22 663.21
2016-12-31 4,231.57 1,024.25 634.03
2016-09-30 4,221.06 1,050.22 621.95
2016-06-30 4,210.54 1,076.18 609.86
2016-03-31 4,126.73 979.55 603.46
2015-12-31 4,042.91 882.93 597.06
2015-09-30 3,903.28 803.32 528.54
2015-06-30 3,763.66 723.71 460.02
2015-03-31 3,613.50 712.14 426.33
2014-12-31 3,463.35 700.57 392.63
2014-09-30 3,343.07 641.52 394.78
2014-06-30 3,222.79 582.46 396.92
2014-03-31 3,148.02 611.05 372.23
2013-12-31 3,073.25 639.64 347.54
2013-09-30 3,087.52 767.25 312.40
2013-06-30 3,101.80 894.87 277.26
2013-03-31 3,111.41 816.64 281.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • DP World has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DP World used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • DP World's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DP World's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DP World has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is DP World's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DP World's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DP World is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DP World's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of DP World's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DP World Company Filings, last reported 2 months ago.

DB:3DW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 12,847.22 13,969.90 2,943.36
2019-09-30 12,847.22 13,969.90 2,943.36
2019-06-30 12,128.09 11,583.70 2,049.81
2019-03-31 12,128.09 11,583.70 2,049.81
2018-12-31 11,998.92 10,529.79 2,614.71
2018-09-30 11,998.92 10,529.79 2,614.71
2018-06-30 11,509.67 8,976.12 1,512.16
2018-03-31 11,509.67 8,976.12 1,512.16
2017-12-31 11,625.36 7,794.66 1,483.68
2017-09-30 11,625.36 7,794.66 1,483.68
2017-06-30 10,779.61 7,547.07 1,630.80
2017-03-31 10,779.61 7,547.07 1,630.80
2016-12-31 9,519.69 7,618.26 1,299.39
2016-09-30 9,519.69 7,618.26 1,299.39
2016-06-30 8,969.60 7,649.91 1,281.15
2016-03-31 8,969.60 7,649.91 1,281.15
2015-12-31 9,134.60 7,670.28 1,436.60
2015-09-30 9,134.60 7,670.28 1,436.60
2015-06-30 9,078.59 8,190.10 2,462.81
2015-03-31 9,078.59 8,190.10 2,462.81
2014-12-31 9,026.66 5,821.64 3,723.07
2014-09-30 9,026.66 5,821.64 3,723.07
2014-06-30 9,306.19 5,800.03 3,492.61
2014-03-31 9,306.19 5,800.03 3,492.61
2013-12-31 9,021.54 5,061.51 2,572.47
2013-09-30 9,021.54 5,061.51 2,572.47
2013-06-30 8,467.55 4,814.68 2,468.14
2013-03-31 8,467.55 4,814.68 2,468.14
  • DP World's level of debt (108.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (64.8% vs 108.7% today).
  • Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess DP World's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. DP World has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is DP World's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.58%
Current annual income from DP World dividends. Estimated to be 3.12% next year.
If you bought €2,000 of DP World shares you are expected to receive €52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • DP World's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • DP World's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3DW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 6.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3DW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.49 4.00
2021-12-31 0.49 6.00
2020-12-31 0.47 7.00
2020-03-30
DB:3DW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-11 0.400 2.654
2019-03-28 0.430 2.919
2018-03-27 0.410 2.119
2017-04-27 0.380 1.628
2016-04-28 0.300 1.617
2015-03-19 0.235 1.166
2014-03-20 0.230 1.156
2013-03-20 0.240 1.484
2012-03-29 0.187 1.639
2011-03-23 0.172 1.518
2010-03-24 0.164 1.552
2009-12-31 0.164 1.813

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of DP World's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess DP World's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DP World afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DP World has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of DP World's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sultan Ahmad Bin Sulayem
COMPENSATION $6,792,991
AGE 63
TENURE AS CEO 4 years
CEO Bio

H.E Sultan Ahmad Sultan Bin Sulayem serves as Group Chairman and Chief Executive Officer of Jebel Ali Free Zone Authority. H.E Bin Sulayem is the Chairman and Director of Hyperloop One, Inc. since November 8, 2018. He has been the Group Chairman and Chief Executive Officer of DP World Limited since February 8, 2016 and May 30, 2007 respectively. H. E. Bin Sulayem has been Interim Chief Executive Officer of Economic Zones World since July 20, 2015. He has been an Interim Chief Executive Officer of Jebel Ali Free Zone FZE since July 20, 2015. He has been an Executive Chairman of DP World UAE Region FZE since May 30, 2007. He serves as Chairman at Jebel Ali Free Zone FZE. He serves as the Chairman of Istithmar Building FZE Inc., Istithmar World P.J.S.C., Dubai World at Economic Zones World and all Dubai World's companies. H. E. Bin Sulayem serves as an Executive Chairman of Dubai Ports International. He serves as the Chairman of Port & Free Zone World FZE. He served as the Chairman of Dubai World Africa Services (Pty) Ltd., Istithmar World Capital P.J.S.C., Customs & Free Zone Corporation, Dubai Waterfront Company, Dubai Multi Commodities Centre and Dubai World Corporation until December 13, 2010. He served as Chairman of the Board of Tejari-FZ, LLC. H. E. Bin Sulayem served as an Executive Chairman of Nakheel LLC. He served as a Director of Hyperloop One, Inc. since October 13, 2016. He served as a Director of Noor Bank PJSC (formerly, Noor Islamic Bank PJSC) until March 6, 2017. He served as a Director of Investment Corporation of Dubai, Bumrungrad Hospital Public Company Limited until August 8, 2007 and Tamweel P.J.S.C. until 2010. At the World Economic Forum in Davos, Switzerland, was elected a Global Leader of Tomorrow. He holds a BS in Economics from Temple University. He holds a BBA Degree from California State University.

CEO Compensation
  • Sultan Ahmad's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Sultan Ahmad's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the DP World management team in years:

15.2
Average Tenure
62
Average Age
  • The average tenure for the DP World management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sultan Ahmad Bin Sulayem

TITLE
Group Chairman & CEO
COMPENSATION
$7M
AGE
63
TENURE
4 yrs

Yuvraj Narayan

TITLE
Group Chief Financial
COMPENSATION
$2M
AGE
62
TENURE
15.2 yrs

Anil Wats

TITLE
Chief Operating Officer & Executive VP
TENURE
15.2 yrs

Redwan Ahmed

TITLE
Director of Investor Relations

Olivier Schwartz

TITLE
Senior VP & General Counsel

Daniel van Otterdijk

TITLE
Senior Vice President of Group Communications

John Woollacott

TITLE
Senior Vice President of Business Development

Maha Al Qattan

TITLE
Senior Vice President of People

Adnan Al Abbar

TITLE
Senior Vice President of Group Planning & Project Management

Suhail Al Banna

TITLE
Senior VP and MD of Middle East & Africa
AGE
61
Board of Directors Tenure

Average tenure and age of the DP World board of directors in years:

5.1
Average Tenure
61
Average Age
  • The tenure for the DP World board of directors is about average.
Board of Directors

Yuvraj Narayan

TITLE
Group Chief Financial
COMPENSATION
$2M
AGE
62
TENURE
13.6 yrs

Deepak Parekh

TITLE
Former Independent Non-Executive Director
COMPENSATION
$209K
AGE
75
TENURE
4.7 yrs

Sultan Ahmad Bin Sulayem

TITLE
Group Chairman & CEO
COMPENSATION
$7M
AGE
63
TENURE
12.8 yrs

Mark Russell

TITLE
Independent Non-Executive Director
COMPENSATION
$192K
AGE
58
TENURE
5.6 yrs

Nadya Kamali

TITLE
Independent Non-Executive Director
COMPENSATION
$197K
AGE
48
TENURE
3.9 yrs

Rob Woods

TITLE
Independent Non-Executive Director
COMPENSATION
$152K
AGE
72
TENURE
6.2 yrs

Abdulla Ghobash

TITLE
Independent Non-Executive Director
COMPENSATION
$161K
AGE
60
TENURE
3.9 yrs

Mohammed Al Suwaidi

TITLE
Independent Non-Executive Director
COMPENSATION
$185K
AGE
49
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess DP World's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. DP World has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

DP World PLC, together with its subsidiaries, develops and manages international marine and inland terminal operations, maritime services, industrial parks and economic zones, logistics and ancillary services, and technology-driven trade solutions. The company has a portfolio of 78 marine and inland cargo terminals. It also owns and operates a fleet of specialist vessels that provide logistics solutions to public and private sector customers. In addition, the company engages in the management and operation of international marine terminals; and development, management, and operation of free zones, economic zones, industrial zones, and logistics parks, as well as inland container depots. Further, it provides ancillary container, container rail freight operation, warehousing and transportation, free trade warehousing zone, dredging, port management and cargo handling, port security, trade facilitation through integrated electronic, property development and leasing, and marinas operation services, as well as ship building, repair, and docking services. Additionally, the company offers containerized stevedoring, break bulk and general cargo, service concession, and dry docking services. It operates in the Asia Pacific and Indian subcontinent, Australia, Americas, the Middle East, Europe, and Africa. The company was founded in 1972 and is headquartered in Dubai, the United Arab Emirates. DP World PLC is a subsidiary of Port & Free Zone World FZE.

Details
Name: DP World PLC
3DW
Exchange: DB
Founded: 1972
$11,602,943,500
830,000,000
Website: http://www.dpworld.com
Address: DP World PLC
Jebel Ali Free Zone,
JAFZA 17,
Dubai,
United Arab Emirates
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DIFX DPW Ordinary Shares NASDAQ Dubai Limited AE USD 26. Nov 2007
DB 3DW Ordinary Shares Deutsche Boerse AG DE EUR 26. Nov 2007
Number of employees
Current staff
Staff numbers
56,000
DP World employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:01
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.