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Danaos

NYSE:DAC
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DAC
NYSE
$209M
Market Cap
  1. Home
  2. US
  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 38 days ago. More info.


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  • Danaos has significant price volatility in the past 3 months.
DAC Share Price and Events
7 Day Returns
24.6%
NYSE:DAC
1.9%
US Shipping
1.3%
US Market
1 Year Returns
-28.9%
NYSE:DAC
15.8%
US Shipping
19.4%
US Market
DAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Danaos (DAC) 24.6% -21.5% 6.3% -28.9% -78.9% -89.5%
US Shipping 1.9% 5.1% 3% 15.8% 12.5% -74.3%
US Market 1.3% 2.6% 5% 19.4% 37.3% 48%
1 Year Return vs Industry and Market
  • DAC underperformed the Shipping industry which returned 15.8% over the past year.
  • DAC underperformed the Market in United States of America which returned 19.4% over the past year.
Price Volatility
DAC
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.

NYSE:DAC 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 29.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NYSE:DAC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 13.7%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 29%) (745.52%))
3.508
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)
= 1.74% + (2 * 13.68%)
29.1%

Discounted Cash Flow Calculation for NYSE:DAC 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.

NYSE:DAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 29.1%)
2020 201.66 Analyst x1 156.20
2021 197.57 Est @ -2.03% 118.54
2022 195.79 Est @ -0.9% 90.99
2023 195.58 Est @ -0.11% 70.41
2024 196.46 Est @ 0.45% 54.78
2025 198.10 Est @ 0.84% 42.79
2026 200.29 Est @ 1.11% 33.51
2027 202.89 Est @ 1.3% 26.29
2028 205.79 Est @ 1.43% 20.66
2029 208.92 Est @ 1.52% 16.24
Present value of next 10 years cash flows $630.00
NYSE:DAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $208.92 × (1 + 1.74%) ÷ (29.1% – 1.74%)
$776.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $776.88 ÷ (1 + 29.1%)10
$60.41
NYSE:DAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $630.00 + $60.41
$690.41
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $690.41 / 24.37
$28.33
NYSE:DAC Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.33
Current discount Discount to share price of $8.56
= -1 x ($8.56 - $28.33) / $28.33
69.8%

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 $8.56 vs Future cash flow value of $28.33
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
NYSE:DAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-5.59
NYSE:DAC Share Price ** NYSE (2019-12-13) in USD $8.56
United States of America Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 19.73x
United States of America Market PE Ratio Median Figure of 2,927 Publicly-Listed Companies 18.68x

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

** Primary Listing of Danaos.

NYSE:DAC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 8.56 ÷ -5.59

-1.53x

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

  • Danaos is loss making, we can't compare its value to the US Shipping industry average.
  • Danaos is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Danaos's expected growth come at a high price?
Raw Data
NYSE:DAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Shipping Industry PEG Ratio Median Figure of 9 Publicly-Listed Shipping Companies 0.55x
United States of America Market PEG Ratio Median Figure of 2,040 Publicly-Listed Companies 1.51x

*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
NYSE:DAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $51.51
NYSE:DAC Share Price * NYSE (2019-12-13) in USD $8.56
United States of America Shipping Industry PB Ratio Median Figure of 23 Publicly-Listed Shipping Companies 0.51x
United States of America Market PB Ratio Median Figure of 5,096 Publicly-Listed Companies 1.79x
NYSE:DAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.56 ÷ 51.51

0.17x

* 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 US 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 3/6, 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?

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
-2.1%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Danaos expected to grow at an attractive rate?
  • Unable to compare Danaos's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Danaos's earnings growth to the United States of America market average as no estimate data is available.
  • Danaos's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:DAC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:DAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2.1%
United States of America Shipping Industry Earnings Growth Rate Market Cap Weighted Average 28.7%
United States of America Shipping Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NYSE:DAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
NYSE:DAC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 435 254 1
2019-12-31 431 250 1
2019-12-14
NYSE:DAC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 453 221 -84
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Danaos is high growth as no earnings estimate data is available.
  • 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
NYSE:DAC 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 1 Analyst Estimates (S&P Global) See Below

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

NYSE:DAC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2019-12-14
NYSE:DAC Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -5.59
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

*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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 0/6, 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 does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Danaos's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Danaos's 1-year growth to the US Shipping industry average as it is not currently profitable.
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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DAC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 452.67 -83.55 27.73
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.
  • It is difficult to establish if Danaos has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Danaos has efficiently used its assets last year compared to the US Shipping industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Danaos improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
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 2 months ago.

NYSE:DAC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 791.76 1,413.92 82.82
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 (178.6%) 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 (438.2% vs 178.6% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Danaos has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Danaos has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.4% per year.
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 3/6, 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
NYSE:DAC 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
United States of America Shipping Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1961 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:DAC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-12-14
NYSE:DAC 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

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 0.8%) - 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 United States of America.
Management Team

John Coustas

TITLE
Chairman
AGE
63

Evangelos Chatzis

TITLE
CFO & Secretary
AGE
46
TENURE
8.4 yrs

Iraklis Prokopakis

TITLE
Senior VP
AGE
68

Dimitris Vastarouchas

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

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

11.5
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
21.9 yrs

Miklós Konkoly-Thege

TITLE
Independent Director
AGE
76
TENURE
13.2 yrs

Myles Itkin

TITLE
Independent Director
AGE
71
TENURE
13.2 yrs

William Repko

TITLE
Independent Director
AGE
70
TENURE
5.4 yrs

George Economou

TITLE
Independent Director
AGE
66
TENURE
9.9 yrs

Petros Christodoulou

TITLE
Independent Director
AGE
58
TENURE
1.5 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 ($) Value ($)
26. Nov 19 Buy Sphinx Investment Corp. Company 22. Nov 19 22. Nov 19 1,135,000 $6.00 $6,810,000
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

Does The Danaos Corporation (NYSE:DAC) Share Price Tend To Follow The Market?

If you're interested in Danaos Corporation (NYSE:DAC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Does Danaos Corporation (NYSE:DAC)'s Capital Return Make The Cut?

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Danaos’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit

Simply Wall St -

Is Danaos Corporation's (NYSE:DAC) PE Ratio A Signal To Buy For Investors?

While this makes DAC appear like a good stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … I will explain what the P/E ratio is as well as what you should look out for when using it … Breaking down the Price-Earnings ratio

Simply Wall St -

Can Danaos Corporation's (NYSE:DAC) ROE Continue To Surpass The Industry Average?

Danaos Corporation (NYSE:DAC) delivered an ROE of 14.21% over the past 12 months, which is an impressive feat relative to its industry average of 5.34% during the same period. … However, whether this above-industry ROE is actually impressive depends on if it can be maintained. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden.

Simply Wall St -

What Do You Get For Owning Danaos Corporation (NYSE:DAC)?

and want a simplistic look at the return on Danaos Corporation (NYSE:DAC) stock. … Danaos stock represents an ownership share in the company. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor

Simply Wall St -

Should You Buy Danaos Corporation (NYSE:DAC) At US$01.35?

Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at Danaos’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

What Investors Should Know About Danaos Corporation's (NYSE:DAC) Financial Strength

DAC has shrunken its total debt levels in the last twelve months, from US$2.50B to US$2.33B. … On top of this, DAC has generated US$181.07M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 7.77%, meaning that DAC’s operating cash is not sufficient to cover its debt. … In DAC's case, the ratio of 2.21x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as DAC’s low interest coverage already puts the company at higher risk of default.Next Steps: DAC’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

Is It The Right Time To Buy Danaos Corporation (DAC)?

Great news for investors – DAC is still trading at a fairly cheap price. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at DAC future expectations. … But keep in mind the risks that come with negative growth prospects in the future.

Simply Wall St -

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
DAC
Exchange: NYSE
Founded: 1972
$208,619,783
24,371,470
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: 2019/12/14 00:08
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/12/03
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
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.