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Danaos

DB:DVW1
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DVW1
DB
$171M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
  • Danaos has significant price volatility in the past 3 months.
DVW1 Share Price and Events
7 Day Returns
17.7%
DB:DVW1
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
-
DB:DVW1
6.2%
Europe Shipping
3%
DE Market
DVW1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Danaos (DVW1) 17.7% 33.1% 14.8% - - -
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • No trading data on DVW1.
  • No trading data on DVW1.
Price Volatility
DVW1
Industry
5yr Volatility vs Market

Value

 Is Danaos 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 Danaos 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 Danaos.

DB:DVW1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 30.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:DVW1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 15%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 29%) (919.7%))
4.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 14.99%)
30.21%

Discounted Cash Flow Calculation for DB:DVW1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Danaos 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:DVW1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 30.21%)
2020 228.13 Analyst x1 175.20
2021 255.21 Est @ 11.87% 150.53
2022 276.60 Est @ 8.38% 125.29
2023 293.01 Est @ 5.93% 101.94
2024 305.38 Est @ 4.22% 81.59
2025 314.61 Est @ 3.02% 64.56
2026 321.49 Est @ 2.18% 50.66
2027 326.62 Est @ 1.6% 39.53
2028 330.50 Est @ 1.19% 30.72
2029 333.47 Est @ 0.9% 23.81
Present value of next 10 years cash flows $843.00
DB:DVW1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $333.47 × (1 + 0.23%) ÷ (30.21% – 0.23%)
$1,114.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,114.85 ÷ (1 + 30.21%)10
$79.59
DB:DVW1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $843.00 + $79.59
$922.59
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $922.59 / 15.37
$60.01
DB:DVW1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DVW1 represents 0.83408x of NYSE:DAC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.83408x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 60.01 x 0.83408
€50.06
Value per share (EUR) From above. €50.06
Current discount Discount to share price of €9.30
= -1 x (€9.30 - €50.06) / €50.06
81.4%

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

Current Discount
Amount off the current price Danaos is available for.
Intrinsic value
>50%
Share price is €9.3 vs Future cash flow value of €50.06
Current Discount Checks
For Danaos to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Danaos's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Danaos'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 Danaos's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Danaos's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DVW1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.69
NYSE:DAC Share Price ** NYSE (2019-10-11) in USD $11.15
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Danaos.

DB:DVW1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DAC Share Price ÷ EPS (both in USD)

= 11.15 ÷ 0.69

16.1x

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

  • Danaos is overvalued based on earnings compared to the Europe Shipping industry average.
  • Danaos is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Danaos's expected growth come at a high price?
Raw Data
DB:DVW1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
29.9%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Danaos, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Danaos's assets?
Raw Data
DB:DVW1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $49.14
NYSE:DAC Share Price * NYSE (2019-10-11) in USD $11.15
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:DVW1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DAC Share Price ÷ Book Value per Share (both in USD)

= 11.15 ÷ 49.14

0.23x

* Primary Listing of Danaos.

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

  • Danaos is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Danaos'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Danaos 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 Danaos expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Danaos, future earnings growth has been estimated based on fundamentals.
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
29.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Danaos expected to grow at an attractive rate?
  • Danaos's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Danaos's earnings growth is expected to exceed the Germany market average.
  • Danaos's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DVW1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DVW1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 29.9%
DB:DVW1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2.5%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:DVW1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DVW1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 437 244 1
2019-12-31 430 222 1
2019-10-14
DB:DVW1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 459 221 10
2019-03-31 460 188 -14
2018-12-31 459 165 -33
2018-09-30 457 156 171
2018-06-30 453 147 66
2018-03-31 453 172 80
2017-12-31 452 181 84
2017-09-30 450 173 -385
2017-06-30 448 218 -416
2017-03-31 471 245 -392
2016-12-31 498 262 -366
2016-09-30 530 294 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Danaos's earnings are expected to grow significantly at over 20% yearly.
  • Danaos's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:DVW1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Danaos Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DVW1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2019-10-14
DB:DVW1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.69
2019-03-31 -1.17
2018-12-31 -3.10
2018-09-30 19.33
2018-06-30 8.42
2018-03-31 10.26
2017-12-31 10.70
2017-09-30 -49.14
2017-06-30 -53.07
2017-03-31 -49.96
2016-12-31 -46.69
2016-09-30 11.08

*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.
  • Unable to establish if Danaos will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Danaos'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.
Danaos has a total score of 3/6, 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 Danaos 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 Danaos's growth in the last year to its industry (Shipping).
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.
  • Danaos's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Danaos's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Danaos's 1-year earnings growth is negative, it can't be compared to the Europe Shipping industry average.
Earnings and Revenue History
Danaos'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 Danaos Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DVW1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 458.62 9.82 28.74
2019-03-31 459.77 -14.49 28.02
2018-12-31 458.73 -32.94 26.33
2018-09-30 457.27 170.85 24.21
2018-06-30 453.08 66.06 22.16
2018-03-31 453.50 80.45 21.73
2017-12-31 451.73 83.91 22.67
2017-09-30 449.67 -385.47 22.83
2017-06-30 447.83 -416.29 38.75
2017-03-31 470.95 -391.87 38.85
2016-12-31 498.33 -366.20 37.94
2016-09-30 529.55 86.91 37.67
2016-06-30 562.34 137.37 21.84
2016-03-31 566.81 130.80 21.78
2015-12-31 567.94 117.02 21.83
2015-09-30 565.29 59.11 21.67
2015-06-30 560.24 39.44 21.39
2015-03-31 555.21 18.02 21.32
2014-12-31 552.09 -3.92 21.44
2014-09-30 558.42 43.22 20.77
2014-06-30 567.38 29.60 20.50
2014-03-31 577.52 32.50 19.93
2013-12-31 588.12 37.52 19.46
2013-09-30 592.94 -74.72 19.80
2013-06-30 600.78 -90.54 19.96
2013-03-31 600.86 -101.11 20.46
2012-12-31 589.01 -105.20 20.38

*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.
  • Danaos has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Danaos used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • Danaos's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Danaos'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 Shipping 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.
Danaos has a total score of 0/6, 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 Danaos'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 Danaos's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Danaos's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Danaos's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Danaos'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 0.1x 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 Danaos Company Filings, last reported 3 months ago.

DB:DVW1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 755.47 1,432.03 78.80
2019-03-31 725.41 1,600.62 81.31
2018-12-31 690.85 1,621.89 77.28
2018-09-30 881.85 1,645.91 80.13
2018-06-30 573.88 2,287.82 72.42
2018-03-31 566.06 2,291.35 62.98
2017-12-31 548.71 2,329.60 66.90
2017-09-30 515.85 2,367.88 66.97
2017-06-30 494.11 2,408.70 63.82
2017-03-31 473.27 2,454.70 65.38
2016-12-31 487.71 2,504.93 73.72
2016-09-30 925.49 2,591.01 128.25
2016-06-30 932.87 2,650.81 101.08
2016-03-31 887.22 2,698.60 90.71
2015-12-31 841.91 2,746.13 72.39
2015-09-30 830.19 2,878.38 96.44
2015-06-30 780.04 2,938.18 74.14
2015-03-31 732.73 3,007.94 65.75
2014-12-31 688.15 3,079.31 57.73
2014-09-30 720.01 3,154.21 64.63
2014-06-30 673.73 3,251.93 51.51
2014-03-31 632.89 3,325.36 59.03
2013-12-31 598.48 3,416.67 68.15
2013-09-30 573.46 3,500.71 80.49
2013-06-30 534.09 3,575.78 75.03
2013-03-31 484.04 3,668.53 81.80
2012-12-31 440.30 3,723.94 55.63
  • Danaos's level of debt (189.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (482.2% vs 189.6% today).
  • Debt is not well covered by operating cash flow (15.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Danaos'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. Danaos 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 Danaos'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
0%
Current annual income from Danaos dividends.
If you bought €2,000 of Danaos shares you are expected to receive €0 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?
  • Unable to evaluate Danaos's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Danaos's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:DVW1 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 1 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:DVW1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-10-14
DB:DVW1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-09-10 0.000 0.000
2010-08-31 0.000 0.000
2010-07-29 0.000 0.000
2010-06-03 0.000 0.000
2010-03-29 0.000 0.000
2009-11-12 0.000 0.000
2009-11-11 0.000 0.000
2009-09-23 0.000 0.000
2009-07-27 0.000 0.000
2009-04-28 0.000 0.000
2009-03-11 0.000 0.000
2008-10-27 26.040 32.402

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

  • Unable to perform a dividend volatility check as Danaos has not reported any payouts.
  • Unable to verify if Danaos's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Danaos's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Danaos has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Danaos's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Danaos afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Danaos has a total score of 0/6, 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 Danaos'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
John Coustas
AGE 63
CEO Bio

Dr. John Coustas serves as the Chairman, Chief Executive Officer and President of Danaos Corporation. He serves as a Member of the Council at Det Norske Veritas. Dr. Coustas has over 25 years of experience in the shipping industry. Dr. Coustas assumed management of Danaos in 1987 and has been responsible for its corporate strategy and the management of its affairs since that time. He serves as an Deputy Chairman of The Swedish Club. He serves as a Director of Danaos Management Consultants. He has been a Director of Danaos Corporation since 1998. He has been a Director of The Swedish Club since 1995. Additionally, he is on the Board of Directors of both the Union of Greek Ship-owners and the Cyprus Union of Ship-owners. Dr. Coustas holds a Degree in Marine Engineering from National Technical University of Athens as well as a Master’s degree in Computer Science and a Ph.D. in Computer Controls from Imperial College, London.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • Insufficient data for John to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

John Coustas

TITLE
Chairman
AGE
63

Evangelos Chatzis

TITLE
CFO & Secretary
AGE
46
TENURE
8.3 yrs

Iraklis Prokopakis

TITLE
Senior VP
AGE
68

Dimitris Vastarouchas

TITLE
Deputy Chief Operating Officer
AGE
51
TENURE
8.8 yrs
Board of Directors Tenure

Average tenure and age of the Danaos board of directors in years:

11.4
Average Tenure
68
Average Age
  • The average tenure for the Danaos board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Coustas

TITLE
Chairman
AGE
63

Iraklis Prokopakis

TITLE
Senior VP
AGE
68
TENURE
21.8 yrs

Miklós Konkoly-Thege

TITLE
Director
AGE
76
TENURE
13 yrs

Myles Itkin

TITLE
Director
AGE
71
TENURE
13 yrs

William Repko

TITLE
Director
AGE
70
TENURE
5.3 yrs

George Economou

TITLE
Director
AGE
66
TENURE
9.8 yrs

Petros Christodoulou

TITLE
Director
AGE
58
TENURE
1.3 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 Danaos'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. Danaos 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

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2019, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1972 and is based in Piraeus, Greece.

Details
Name: Danaos Corporation
DVW1
Exchange: DB
Founded: 1972
$155,127,057
15,373,194
Website: http://www.danaos.com
Address: Danaos Corporation
14 Akti Kondyli,
Piraeus,
185 45,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DAC Common Shares New York Stock Exchange US USD 06. Oct 2006
DB DVW1 Common Shares Deutsche Boerse AG DE EUR 06. Oct 2006
Number of employees
Current staff
Staff numbers
0
Danaos employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/14 00:32
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/11
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.