Danaos Corporation Stock Fair Value – Jefferies Financial Group and StockNews.com Upgrade Danaos Corporation to a “Strong-Buy” Rating
August 9, 2023
🌥️Trending News
Danaos Corporation ($NYSE:DAC) is a leading international container ship owner and operator that has recently seen an upgrade to their stock rating. On Wednesday, December 9th, StockNews.com upgraded Danaos from a “hold” rating to a “buy” rating. This rating increase is an indication of the strength of Danaos’ stock and its potential for growth. They have a long-standing commitment to safety, reliability, and operational excellence for their customers, making them a great investment opportunity.
The upgraded rating of Danaos’ stock is a reflection of the company’s strong fundamentals and recent positive performance. Danaos has seen significant growth in their financials, along with increased customer satisfaction. With the new rating from Jefferies Financial Group and StockNews.com, now is an excellent time for investors to consider adding Danaos to their portfolios.
Stock Price
This decision was driven by the stock’s strong performance, as it opened at $67.4 and closed on the day at $69.9, up by 2.6% from its previous closing price of $68.2. Analysts at both firms have high expectations for Danaos Corporation going forward, citing the company’s strong strategic positioning and financials as reasons for their support. 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
At GoodWhale, we have conducted an analysis of DANAOS CORPORATION‘s fundamentals and have determined its intrinsic value to be around $81.0. This evaluation was calculated using our proprietary Valuation Line. Currently, DANAOS CORPORATION’s stock is trading at $69.9, making it a fair price that is undervalued by 13.7%. More…
Peers
The Company’s fleet consists of 53 containerships with a total capacity of approximately 438,000 TEU and an average age of approximately seven years. The Company’s vessels are deployed through its contracts of affreightment, time charters and spot market charters. The Company has offices in Athens, Greece; London, United Kingdom; Hong Kong, China; Shanghai, China and Piraeus, Greece. The Company’s common stock is listed on the New York Stock Exchange under the symbol “DAC”. Danaos Corporation‘s competitors include Unitas Holdings Ltd, Pacific Basin Shipping Ltd, and Shih Wei Navigation Co Ltd.
– Unitas Holdings Ltd ($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 is an attractive investment opportunity according to investing advisors. StockNews.com has recently upgraded its rating from “buy” to “strong-buy” and Jefferies Financial Group has also provided a favorable outlook. The company is currently trading at a favorable price-to-earnings ratio and has positive sales growth, strong earnings, and solid financials. Even in the midst of a volatile market, Danaos Corporation is an attractive long-term investment with potential for future growth and dividend yields.
Related Posts
Recent Posts
