DHL GROUP |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 38.84 EUR | +2.21% |
|
+1.30% | -13.41% |
| 04-23 | DHL Unit Deploys First Electric Tractor-trailers for German Sites | MT |
| 04-19 | Producer Prices Data, Middle East Tension Weigh on German Shares | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 42,020 | 50,182 | 69,241 | 42,394 | 53,030 | 45,440 | - | - |
| Enterprise Value (EV) 1 | 56,132 | 63,110 | 85,607 | 58,250 | 53,030 | 64,876 | 64,887 | 64,650 |
| P/E ratio | 16.3 x | 17.2 x | 14.1 x | 8.12 x | 14.8 x | 12.9 x | 11 x | 10.1 x |
| Yield | 3.68% | 3.33% | 3.18% | 5.26% | - | 4.83% | 4.95% | 5.12% |
| Capitalization / Revenue | 0.66 x | 0.75 x | 0.85 x | 0.45 x | 0.65 x | 0.54 x | 0.52 x | 0.5 x |
| EV / Revenue | 0.89 x | 0.94 x | 1.05 x | 0.62 x | 0.65 x | 0.78 x | 0.74 x | 0.71 x |
| EV / EBITDA | 7.19 x | 7.27 x | 7.29 x | 4.62 x | 4.9 x | 6.07 x | 5.51 x | 5.28 x |
| EV / FCF | 64.7 x | 24.9 x | 20.9 x | 19 x | - | 22 x | 19.3 x | 17.5 x |
| FCF Yield | 1.54% | 4.02% | 4.78% | 5.27% | - | 4.55% | 5.18% | 5.71% |
| Price to Book | 2.97 x | 3.64 x | 3.66 x | 1.84 x | - | 1.98 x | 1.85 x | 1.7 x |
| Nbr of stocks (in thousands) | 1,235,524 | 1,239,059 | 1,224,639 | 1,205,059 | 1,182,263 | 1,169,919 | - | - |
| Reference price 2 | 34.01 | 40.50 | 56.54 | 35.18 | 44.86 | 38.84 | 38.84 | 38.84 |
| Announcement Date | 10/03/20 | 09/03/21 | 09/03/22 | 09/03/23 | 06/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 63,341 | 66,806 | 81,747 | 94,436 | 81,758 | 83,668 | 87,845 | 91,241 |
| EBITDA 1 | 7,812 | 8,677 | 11,746 | 12,613 | 10,822 | 10,689 | 11,768 | 12,254 |
| EBIT 1 | 4,128 | 4,847 | 7,978 | 8,436 | 6,345 | 6,139 | 6,916 | 7,397 |
| Operating Margin | 6.52% | 7.26% | 9.76% | 8.93% | 7.76% | 7.34% | 7.87% | 8.11% |
| Earnings before Tax (EBT) 1 | 3,474 | 4,171 | 7,359 | 7,911 | 5,516 | 5,378 | 6,167 | 6,618 |
| Net income 1 | 2,623 | 2,979 | 5,053 | 5,359 | 3,677 | 3,586 | 4,148 | 4,457 |
| Net margin | 4.14% | 4.46% | 6.18% | 5.67% | 4.5% | 4.29% | 4.72% | 4.88% |
| EPS 2 | 2.090 | 2.360 | 4.010 | 4.330 | 3.040 | 3.014 | 3.540 | 3.855 |
| Free Cash Flow 1 | 867 | 2,535 | 4,092 | 3,067 | - | 2,955 | 3,364 | 3,694 |
| FCF margin | 1.37% | 3.79% | 5.01% | 3.25% | - | 3.53% | 3.83% | 4.05% |
| FCF Conversion (EBITDA) | 11.1% | 29.22% | 34.84% | 24.32% | - | 27.64% | 28.58% | 30.15% |
| FCF Conversion (Net income) | 33.05% | 85.1% | 80.98% | 57.23% | - | 82.39% | 81.09% | 82.89% |
| Dividend per Share 2 | 1.250 | 1.350 | 1.800 | 1.850 | - | 1.877 | 1.923 | 1.988 |
| Announcement Date | 10/03/20 | 09/03/21 | 09/03/22 | 09/03/23 | 06/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,446 | - | 20,036 | 23,378 | 22,593 | 24,029 | 46,622 | 24,038 | 23,776 | 20,918 | 20,094 | 41,012 | 19,398 | 21,348 | 20,066 | 20,308 | 19,922 | 22,158 | 21,544 |
| EBITDA 1 | - | - | 2,744 | 3,125 | 3,168 | 3,346 | - | 3,087 | 3,035 | 2,709 | 2,777 | - | 2,490 | 2,846 | 2,408 | 2,571 | 2,611 | 2,995 | 2,639 |
| EBIT 1 | 1,504 | 3,994 | 1,771 | 2,213 | 2,159 | 2,337 | 4,496 | 2,041 | 1,922 | 1,638 | 1,693 | 3,331 | 1,372 | 1,642 | 1,299 | 1,477 | 1,501 | 1,851 | 1,509 |
| Operating Margin | 4.78% | - | 8.84% | 9.47% | 9.56% | 9.73% | 9.64% | 8.49% | 8.08% | 7.83% | 8.43% | 8.12% | 7.07% | 7.69% | 6.47% | 7.27% | 7.53% | 8.35% | 7% |
| Earnings before Tax (EBT) 1 | 1,198 | 3,675 | 1,629 | 2,055 | 2,036 | 2,191 | 4,227 | 1,889 | 1,795 | 1,413 | 1,473 | 2,886 | 1,210 | 1,420 | 1,135 | 1,302 | 1,275 | 1,439 | 1,338 |
| Net income 1 | 826 | 2,482 | 1,087 | 1,484 | 1,351 | 1,461 | 2,812 | 1,228 | 1,335 | 911 | 1,031 | 2,020 | 807 | 981 | 742.4 | 835.7 | 849.5 | 1,025 | 863.7 |
| Net margin | 2.63% | - | 5.43% | 6.35% | 5.98% | 6.08% | 6.03% | 5.11% | 5.61% | 4.36% | 5.13% | 4.93% | 4.16% | 4.6% | 3.7% | 4.11% | 4.26% | 4.63% | 4.01% |
| EPS 2 | 0.6600 | 1.960 | 0.8700 | 1.210 | 1.080 | 1.170 | 2.250 | 1.010 | 1.070 | 0.7500 | 0.8000 | 1.550 | 0.6800 | 0.8100 | 0.6156 | 0.7371 | 0.7410 | 0.8895 | 0.7355 |
| Dividend per Share 2 | - | - | - | 1.800 | - | - | - | - | 1.850 | - | - | - | - | - | - | - | - | 1.900 | - |
| Announcement Date | 05/08/20 | 05/08/21 | 04/11/21 | 09/03/22 | 03/05/22 | 05/08/22 | 05/08/22 | 08/11/22 | 09/03/23 | 03/05/23 | 01/08/23 | 01/08/23 | 08/11/23 | 06/03/24 | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 14,112 | 12,928 | 16,366 | 15,856 | - | 19,436 | 19,448 | 19,211 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.806 x | 1.49 x | 1.393 x | 1.257 x | - | 1.818 x | 1.653 x | 1.568 x |
| Free Cash Flow 1 | 867 | 2,535 | 4,092 | 3,067 | - | 2,955 | 3,364 | 3,695 |
| ROE (net income / shareholders' equity) | 19.3% | 21.4% | 30.8% | 25.4% | - | 15.4% | 16.6% | 17% |
| ROA (Net income/ Total Assets) | 5.11% | 5.54% | 8.5% | 8.13% | - | 5.15% | 5.61% | 5.97% |
| Assets 1 | 51,320 | 53,738 | 59,450 | 65,935 | - | 69,623 | 73,928 | 74,662 |
| Book Value Per Share 2 | 11.40 | 11.10 | 15.40 | 19.10 | - | 19.70 | 21.00 | 22.80 |
| Cash Flow per Share 2 | 4.810 | 6.220 | 8.110 | 9.030 | - | 5.220 | 6.050 | 6.420 |
| Capex 1 | 3,612 | 2,999 | 3,546 | 4,123 | - | 3,415 | 3,515 | 3,679 |
| Capex / Sales | 5.7% | 4.49% | 4.34% | 4.37% | - | 4.08% | 4% | 4.03% |
| Announcement Date | 10/03/20 | 09/03/21 | 09/03/22 | 09/03/23 | 06/03/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
38.84
EUR
Average target price
45.69
EUR
Spread / Average Target
+17.63%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.41% | 48.51B | |
| -6.13% | 126B | |
| +5.09% | 65.42B | |
| -10.93% | 16.08B | |
| +22.81% | 8.2B | |
| -59.73% | 7.17B | |
| -10.03% | 7.24B | |
| -17.41% | 6.03B | |
| +30.89% | 5.68B | |
| -20.63% | 4.51B |
- Stock Market
- Equities
- DHL Stock
- Financials DHL Group
