(DAC) Danaos - Overview
Stock: Containerships, Drybulk Vessels, Seaborne Transportation
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.89% |
| Yield on Cost 5y | 12.14% |
| Yield CAGR 5y | 23.15% |
| Payout Consistency | 32.5% |
| Payout Ratio | 18.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 23.2% |
| Relative Tail Risk | -8.55% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.09 |
| Alpha | 21.72 |
| Character TTM | |
|---|---|
| Beta | 0.741 |
| Beta Downside | 0.882 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.87% |
| CAGR/Max DD | 0.88 |
Description: DAC Danaos January 15, 2026
Danaos Corporation (NYSE:DAC) operates a mixed fleet of containerships and dry-bulk vessels across Australia, Europe, and the United States, split into two reporting segments: Container Vessels and Drybulk Vessels. The company’s core service is seaborne transportation, leveraging long-term charters and spot market exposure to capture freight-rate cycles.
As of 28 Feb 2025 the fleet comprised 74 containerships (≈471,500 TEU) and 10 Capesize bulk carriers (≈1.76 million DWT), with an additional 15 containerships under construction (≈128,200 TEU). The orderbook represents roughly 12 % of total capacity, a modest pipeline that could smooth earnings volatility if new-build deliveries align with market up-turns. Assumption: delivery schedules remain on track; any shipyard delays would increase short-term financing costs.
Key industry drivers include global container-trade volumes (which grew ~4 % YoY in Q4 2024) and the ongoing Capesize freight-rate rally driven by tighter coal and iron-ore supply. Danaos’s average vessel age of 7.8 years is below the sector median, suggesting lower fuel-efficiency penalties, but the firm remains exposed to bunker-price volatility-an uncertainty that could erode EBITDA margins if oil prices stay above $90/mt. Recent quarterly filings show an adjusted EBITDA of $210 million, translating to an EBITDA margin of ~12 % on a revenue base of $1.75 billion, consistent with peers but sensitive to freight-rate swings.
For a deeper quantitative dive, see the DAC valuation dashboard on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 467.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 10.34 > 1.0 |
| NWC/Revenue: 65.69% < 20% (prev 46.71%; Δ 18.97% < -1%) |
| CFO/TA 0.14 > 3% & CFO 640.5m > Net Income 467.1m |
| Net Debt (156.2m) to EBITDA (691.8m): 0.23 < 3 |
| Current Ratio: 4.62 > 1.5 & < 3 |
| Outstanding Shares: last quarter (18.4m) vs 12m ago -5.81% < -2% |
| Gross Margin: 59.13% > 18% (prev 0.61%; Δ 5851 % > 0.5%) |
| Asset Turnover: 23.33% > 50% (prev 23.63%; Δ -0.30% > 0%) |
| Interest Coverage Ratio: 12.09 > 6 (EBITDA TTM 691.8m / Interest Expense TTM 42.0m) |
Altman Z'' 7.59
| A: 0.15 (Total Current Assets 867.3m - Total Current Liabilities 187.9m) / Total Assets 4.61b |
| B: 0.69 (Retained Earnings 3.17b / Total Assets 4.61b) |
| C: 0.11 (EBIT TTM 507.2m / Avg Total Assets 4.43b) |
| D: 3.44 (Book Value of Equity 3.11b / Total Liabilities 904.1m) |
| Altman-Z'' Score: 7.59 = AAA |
Beneish M -3.01
| DSRI: 1.08 (Receivables 96.6m/87.3m, Revenue 1.03b/1.01b) |
| GMI: 1.04 (GM 59.13% / 61.45%) |
| AQI: 0.89 (AQ_t 0.02 / AQ_t-1 0.03) |
| SGI: 1.03 (Revenue 1.03b / 1.01b) |
| TATA: -0.04 (NI 467.1m - CFO 640.5m) / TA 4.61b) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of DAC shares?
Over the past week, the price has changed by -0.78%, over one month by +4.32%, over three months by +9.84% and over the past year by +32.25%.
Is DAC a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the DAC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 98 | -4.9% |
| Analysts Target Price | 98 | -4.9% |
| ValueRay Target Price | 128.3 | 24.6% |
DAC Fundamental Data Overview February 03, 2026
P/S = 1.8312
P/B = 0.5168
P/EG = 0.52
Revenue TTM = 1.03b USD
EBIT TTM = 507.2m USD
EBITDA TTM = 691.8m USD
Long Term Debt = 675.2m USD (from longTermDebt, last quarter)
Short Term Debt = 77.3m USD (from shortTermDebt, last quarter)
Debt = 752.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 156.2m USD (from netDebt column, last quarter)
Enterprise Value = 2.05b USD (1.89b + Debt 752.5m - CCE 596.4m)
Interest Coverage Ratio = 12.09 (Ebit TTM 507.2m / Interest Expense TTM 42.0m)
EV/FCF = 5.79x (Enterprise Value 2.05b / FCF TTM 353.9m)
FCF Yield = 17.26% (FCF TTM 353.9m / Enterprise Value 2.05b)
FCF Margin = 34.22% (FCF TTM 353.9m / Revenue TTM 1.03b)
Net Margin = 45.16% (Net Income TTM 467.1m / Revenue TTM 1.03b)
Gross Margin = 59.13% ((Revenue TTM 1.03b - Cost of Revenue TTM 422.8m) / Revenue TTM)
Gross Margin QoQ = 60.04% (prev 58.57%)
Tobins Q-Ratio = 0.44 (Enterprise Value 2.05b / Total Assets 4.61b)
Interest Expense / Debt = 1.26% (Interest Expense 9.45m / Debt 752.5m)
Taxrate = 0.0% (0.0 / 130.6m)
NOPAT = 507.2m (EBIT 507.2m * (1 - 0.00%))
Current Ratio = 4.62 (Total Current Assets 867.3m / Total Current Liabilities 187.9m)
Debt / Equity = 0.20 (Debt 752.5m / totalStockholderEquity, last quarter 3.71b)
Debt / EBITDA = 0.23 (Net Debt 156.2m / EBITDA 691.8m)
Debt / FCF = 0.44 (Net Debt 156.2m / FCF TTM 353.9m)
Total Stockholder Equity = 3.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.53% (Net Income 467.1m / Total Assets 4.61b)
RoE = 13.14% (Net Income TTM 467.1m / Total Stockholder Equity 3.56b)
RoCE = 11.99% (EBIT 507.2m / Capital Employed (Equity 3.56b + L.T.Debt 675.2m))
RoIC = 11.77% (NOPAT 507.2m / Invested Capital 4.31b)
WACC = 6.55% (E(1.89b)/V(2.65b) * Re(8.65%) + D(752.5m)/V(2.65b) * Rd(1.26%) * (1-Tc(0.0)))
Discount Rate = 8.65% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.81%
[DCF Debug] Terminal Value 77.34% ; FCFF base≈353.9m ; Y1≈232.3m ; Y5≈106.0m
Fair Price DCF = 145.3 (EV 2.82b - Net Debt 156.2m = Equity 2.66b / Shares 18.3m; r=6.55% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -57.78 | EPS CAGR: -53.21% | SUE: -4.0 | # QB: 0
Revenue Correlation: 67.14 | Revenue CAGR: 5.27% | SUE: 0.75 | # QB: 0
EPS next Quarter (2026-03-31): EPS=6.54 | Chg30d=+0.000 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=25.20 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=-3.8% | Growth Revenue=-1.7%