Danaos Corporation Stock Fair Value Calculator – DANAOS CORPORATION Reports Financial Results For Second Quarter of FY2023
August 21, 2023
🌥️Earnings Overview
On August 7 2023, DANAOS CORPORATION ($NYSE:DAC) released their financial results for the second quarter of FY2023, ending on June 30 2023. Total revenue for the quarter was USD 241.5 million – a decrease of 3.8% compared to the same period last year. In contrast, net income significantly increased to USD 147.0 million, compared to just 8.2 million in the same quarter of the prior year.
Market Price
The company’s stock opened at $70.0 and closed at $68.2, up by 0.1% from the prior closing price of 68.1. This was part of the company’s ongoing share repurchase program that was announced earlier this year. The company’s positive financial performance is a testament to the strength of its operations and strategy. With this strong performance, DANAOS CORPORATION is well-positioned to continue its growth in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Danaos Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 997.57 | 512.74 | 57.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Danaos Corporation. More…
| Operations | Investing | Financing |
| 594.87 | 62.01 | -696.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Danaos Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.48k | 694.95 | 139.77 |
Key Ratios Snapshot
Some of the financial key ratios for Danaos Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.9% | 47.1% | 55.9% |
| FCF Margin | ROE | ROA |
| 45.1% | 12.7% | 10.0% |
Analysis – Danaos Corporation Stock Fair Value Calculator
At GoodWhale, we take corporate wellbeing very seriously. That’s why we recently conducted an analysis of DANAOS CORPORATION‘s wellbeing. After careful consideration, our proprietary Valuation Line has concluded that the fair value of DANAOS CORPORATION’s share is around $82.1. However, at the current time, DANAOS CORPORATION stock is being traded at $68.2, a fair price that is unfortunately undervalued by 16.9%. We believe that this discrepancy indicates a great opportunity for investors to benefit from the stock’s potential for growth in the near future. More…
Peers
The Company’s fleet consists of 53 containerships with a total capacity of approximately 438,000 TEU and an average age of approximately seven years. The Company’s vessels are deployed through its contracts of affreightment, time charters and spot market charters. The Company has offices in Athens, Greece; London, United Kingdom; Hong Kong, China; Shanghai, China and Piraeus, Greece. The Company’s common stock is listed on the New York Stock Exchange under the symbol “DAC”. Danaos Corporation‘s competitors include Unitas Holdings Ltd, Pacific Basin Shipping Ltd, and Shih Wei Navigation Co Ltd.
– Unitas Holdings Ltd ($SEHK:08020)
Unitas Holdings Ltd is a property development and investment company with a focus on the Greater China region. As of 2022, the company had a market capitalization of 36.58 million and a return on equity of 5.1%. The company engages in the development of residential, commercial, and industrial properties. It also provides property management services.
– Pacific Basin Shipping Ltd ($SEHK:02343)
As of 2022, Pacific Basin Shipping Ltd has a market cap of 11.94B and a Return on Equity of 38.02%. The company is a leading provider of dry bulk shipping and related services, with a focus on the Asia-Pacific region. The company’s fleet consists of over 200 vessels, including Handysize, Supramax, and Ultramax bulk carriers, as well as product and chemical tankers. Pacific Basin is headquartered in Hong Kong and has offices in Singapore, China, Japan, South Korea, Taiwan, Australia, and the United States.
– Shih Wei Navigation Co Ltd ($TWSE:5608)
Shih Wei Navigation Co Ltd is a publicly traded company with a market capitalization of 8.55 billion as of 2022. The company has a return on equity of 27.91%. Shih Wei Navigation Co Ltd is engaged in the business of providing maritime transportation services. The company operates a fleet of vessels that provide transportation services for a variety of cargoes, including crude oil, petroleum products, chemicals, and dry bulk commodities.
Summary
DANAOS CORPORATION reported their financial results for the second quarter of FY2023, with total revenue of USD 241.5 million, a decrease of 3.8% from the same quarter last year. Despite the decrease, net income was at USD 147.0 million, representing a substantial increase from the 8.2 million reported in the same quarter of the previous year. This signifies a positive outlook for DANAOS CORPORATION as an attractive investment option, and investors can expect potential returns in the long-term. Furthermore, DANAOS CORPORATION’s financials suggest that it is in a good position to weather current economic conditions and maintain steady profitability.
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