(DAC) Danaos - NYSE
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 2.351m USD | Total Return: 56.7% in 12m
Avg Turnover: 12.5M
EPS Trend: -72.1%
Qual. Beats: 0
Rev. Trend: 92.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Danaos Corporation (NYSE: DAC) is a Piraeus-based maritime company specializing in the ownership and operation of containerships and drybulk vessels. The company functions primarily as a tonnage provider, chartering its fleet to global liner companies under long-term, fixed-rate contracts. This business model provides predictable cash flows by insulating the owner from short-term fluctuations in freight rates typically managed by the charterers.
As of late 2025, the company’s portfolio consists of 75 active containerships and 10 Capesize bulk carriers, with a significant expansion pipeline including 27 containerships and 2 drybulk vessels currently under construction. The maritime sector is highly capital-intensive and cyclical, with profitability driven by global trade volumes and the supply-demand balance of vessel capacity. Examine the companys valuation metrics on ValueRay to better understand its market position.
Founded in 1963, Danaos operates across major international trade routes serving Australia, Europe, and the United States. Its focus on the Capesize segment involves the largest class of bulk ships, which primarily transport iron ore and coal, making the company a key link in the global industrial supply chain.
- Long-term charter backlog provides revenue visibility against volatile spot rate fluctuations
- New vessel deliveries expand fleet capacity and drive future cash flow growth
- Global trade volume shifts directly impact containership demand and charter rates
- Expansion into dry bulk segment diversifies revenue streams away from container markets
- Environmental regulations necessitate fleet modernization costs and impact long-term capital expenditure
| Net Income: 519.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 6.27 > 1.0 |
| NWC/Revenue: 100.9% < 20% (prev 53.58%; Δ 47.31% < -1%) |
| CFO/TA 0.13 > 3% & CFO 670.9m > Net Income 519.9m |
| Net Debt (149.1m) to EBITDA (739.0m): 0.20 < 3 |
| Current Ratio: 8.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (18.2m) vs 12m ago -2.92% < -2% |
| Gross Margin: 67.68% > 18% (prev 59.49%; Δ 8.18% > 0.5%) |
| Asset Turnover: 21.85% > 50% (prev 22.84%; Δ -1.00% > 0%) |
| Interest Coverage Ratio: 11.18 > 6 (EBIT TTM 540.2m / Interest Expense TTM 48.3m) |
| A: 0.21 (Total Current Assets 1.19b - Total Current Liabilities 137.3m) / Total Assets 5.11b |
| B: 0.67 (Retained Earnings 3.40b / Total Assets 5.11b) |
| C: 0.11 (EBIT TTM 540.2m / Avg Total Assets 4.77b) |
| D: 3.29 (Book Value of Equity 3.92b / Total Liabilities 1.19b) |
| Altman-Z'' = 7.74 = AAA |
| DSRI: 0.35 (Receivables 34.1m/95.3m, Revenue 1.04b/1.01b) |
| GMI: 0.88 (GM 59.49% / 67.68%) |
| AQI: 0.75 (AQ_t 0.02 / AQ_t-1 0.03) |
| SGI: 1.03 (Revenue 1.04b / 1.01b) |
| TATA: -0.03 (NI 519.9m - CFO 670.9m) / TA 5.11b) |
| Beneish M = -3.80 (Cap -4..+1) = AAA |
As of June 10, 2026, the stock is trading at USD 130.34 with a total of 63,847 shares traded.
Over the past week, the price has changed by +1.20%,
over one month by -1.57%,
over three months by +16.93% and
over the past year by +56.73%.
Danaos has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy DAC.
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 157 | 20.5% |
P/E Trailing = 4.5595
P/E Forward = 2.2578
P/S = 2.2547
P/B = 0.6038
P/EG = 0.1169
Revenue TTM = 1.04b USD
EBIT TTM = 540.2m USD
EBITDA TTM = 739.0m USD
Long Term Debt = 1.00b USD (from longTermDebt, last quarter)
Short Term Debt = 21.8m USD (from shortTermDebt, last quarter)
Debt = 1.03b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 149.1m USD (calculated: Debt 1.03b - CCE 876.2m)
Enterprise Value = 2.50b USD (2.35b + Debt 1.03b - CCE 876.2m)
Interest Coverage Ratio = 11.18 (Ebit TTM 540.2m / Interest Expense TTM 48.3m)
EV/FCF = 8.36x (Enterprise Value 2.50b / FCF TTM 299.0m)
FCF Yield = 11.96% (FCF TTM 299.0m / Enterprise Value 2.50b)
FCF Margin = 28.67% (FCF TTM 299.0m / Revenue TTM 1.04b)
Net Margin = 49.85% (Net Income TTM 519.9m / Revenue TTM 1.04b)
Gross Margin = 67.68% ((Revenue TTM 1.04b - Cost of Revenue TTM 337.1m) / Revenue TTM)
Gross Margin QoQ = 59.34% (prev 81.81%)
Tobins Q-Ratio = 0.49 (Enterprise Value 2.50b / Total Assets 5.11b)
Interest Expense / Debt = 4.71% (Interest Expense 48.3m / Debt 1.03b)
Taxrate = 0.0% (0.0 / 140.4m)
NOPAT = 540.2m (EBIT 540.2m * (1 - 0.00%))
Current Ratio = 8.66 (Total Current Assets 1.19b / Total Current Liabilities 137.3m)
Debt / Equity = 0.26 (Debt 1.03b / totalStockholderEquity, last quarter 3.92b)
Debt / EBITDA = 0.20 (Net Debt 149.1m / EBITDA 739.0m)
Debt / FCF = 0.50 (Net Debt 149.1m / FCF TTM 299.0m)
Total Stockholder Equity = 3.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.89% (Net Income 519.9m / Total Assets 5.11b)
RoE = 13.85% (Net Income TTM 519.9m / Total Stockholder Equity 3.75b)
RoCE = 11.36% (EBIT 540.2m / Capital Employed (Equity 3.75b + L.T.Debt 1.00b))
RoIC = 10.94% (NOPAT 540.2m / Invested Capital 4.94b)
WACC = 6.86% (E(2.35b)/V(3.38b) * Re(7.80%) + D(1.03b)/V(3.38b) * Rd(4.71%) * (1-Tc(0.0)))
Discount Rate = 7.80% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.67 | Cagr: -2.86%
[DCF] Terminal Value 75.44% ; FCFF base≈299.0m ; Y1≈300.2m ; Y5≈318.0m
[DCF] Fair Price = 263.5 (EV 4.95b - Net Debt 149.1m = Equity 4.80b / Shares 18.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -72.06 | EPS CAGR: -6.32% | SUE: 0.17 | # QB: 0
Revenue Correlation: 92.04 | Revenue CAGR: 2.57% | SUE: 0.25 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.31 | Chg30d=N/A | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=7.08 | Chg30d=N/A | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=27.60 | Chg30d=+0.00% | Revisions=-20% | GrowthEPS=+5.0% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=24.50 | Chg30d=+0.00% | Revisions=+20% | GrowthEPS=-11.2% | GrowthRev=+3.8%