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Danaos Corporation (DAC) USD

At a glance: strengths & risks
✓Net cash balance sheet✗Margins compressing (68%→64%)✗Pricier than own history (EV/EBITDA 4.0 vs avg 2.5)

Sector: Freight & shipping

Geography: Global

COMM_DAC

Price chart

137.44 USDDay 3.97%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
137.44 USD · 3.97%
Market cap
2.5 bn USD

Growth

Δ revenue y/y
0.2%
Δ EBITDA y/y
3.6%

Multiples

P/E (LTM)
4.9x
3y avg: 2.9x
P/B (FY)
0.7x
P/E (ann.)
4.5x
EV/EBITDA (LTM)
4.0x
3y avg: 2.5x
EV/EBITDA (ann.)
4.0x

Cash return

Dividend yield
2.0%
FCF yield (LTM)
10.6%

Value creation

to target market cap (spot commodity model)
Upside (potential)
+57.7%
↓ details

Liquidity

Daily turnover (listing)
23.6 mln USD

Shares: yahoo_fundamentals_timeseries/DAC

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK253.7
y/y 0.2%
125.2
y/y 4.1%
40.9
y/y 2.1%
166.1
y/y 3.6%
140.4
y/y 21.9%
163.1-151.65108.1
y/y 15.1%
3917.5
y/y 12.1%
14.6%149.1Link
2025-12-31Q4 2025 (3M)OK266.3
y/y 3.1%
122.9
y/y -9.5%
19.2
y/y -33.0%
142.1
y/y -13.6%
117.9
y/y 30.4%
160.9-97.45113.9
y/y 17.7%
3795.6
y/y 10.8%
13.2%-2.4Link
2025-09-30Q3 2025 (3M)OK260.7
y/y 1.8%
130.1
y/y -1.2%
51.9
y/y 34.1%
182.0
y/y 6.8%
130.6
y/y 6.2%
177.3-97.34614.7
y/y 8.5%
3710.6
y/y 9.6%
4.8%156.2Link
2025-06-30Q2 2025 (3M)OK262.2
y/y 6.9%
125.5
y/y -5.5%
52.2
y/y 26.4%
177.8
y/y 2.0%
130.9
y/y -7.3%
172.7-25.54521.2
y/y 11.7%
3592.6
y/y 9.6%
14.8%215.0Link
2025-03-31Q1 2025 (3M)OK253.3
y/y 1.3%
120.2
y/y -14.4%
40.0
y/y 11.8%
160.3
y/y -9.1%
115.1
y/y -23.5%
133.9-85.74438.9
y/y 16.5%
3493.7
y/y 10.9%
13.3%289.3Link
2024-12-31Q4 2024 (3M)OK258.2
y/y 3.6%
135.9
y/y 3.0%
28.6
y/y -8.3%
164.5
y/y 0.8%
90.4
y/y -39.7%
156.6-78.14343.7
y/y 18.6%
3424.8
y/y 13.5%
14.8%281.4Link
2024-09-30Q3 2024 (3M)OK256.2
y/y 7.1%
131.7
y/y -10.2%
38.7
y/y 38.8%
170.4
y/y -2.3%
123.0
y/y -7.6%
157.5-239.44253.8
y/y 19.7%
3386.4
y/y 17.1%
4.9%294.7Link
2024-06-30Q2 2024 (3M)OK245.3
y/y 1.6%
132.9
y/y -10.0%
41.3
y/y 58.6%
174.2
y/y 0.3%
141.2
y/y -4.0%
154.3-217.74046.4
y/y 16.1%
3277.2
y/y 17.5%
17.6%197.3Link
2024-03-31Q1 2024 (3M)OK249.9
y/y 2.6%
140.4
y/y -9.1%
35.8
y/y 57.9%
176.2
y/y -0.5%
150.5
y/y 2.9%
147.5-124.13809.8
y/y 9.4%
3149.9
y/y 17.1%
19.5%127.7Link
2023-12-31Q4 2023 (3M)OK249.3
y/y —
132.0
y/y —
31.2
y/y —
163.2
y/y —
149.9
y/y —
146.2-140.03661.1
y/y —
3016.3
y/y —
19.5%132.4Link
2023-09-30Q3 2023 (3M)OK239.2
y/y —
146.6
y/y —
27.9
y/y —
174.5
y/y —
133.2
y/y —
149.5-98.33553.9
y/y —
2892.4
y/y —
6.2%104.3Link
2023-06-30Q2 2023 (3M)OK241.5
y/y —
147.6
y/y —
26.1
y/y —
173.7
y/y —
147.0
y/y —
153.0-24.03484.4
y/y —
2789.5
y/y —
21.5%123.7Link
2023-03-31Q1 2023 (3M)OK243.6
y/y —
154.5
y/y —
22.7
y/y —
177.2
y/y —
146.2
y/y —
127.6-5.73481.3
y/y —
2690.2
y/y —
—129.5Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01002003002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-10%-5%0%5%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-100-500501002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-10001002003002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — Freightos Baltic Index

Current 3 853spot vs LTM +79%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +57.7% ▼ -6.3 pp 1d

Main driver: Freightos Baltic Index +79% vs LTM; revenue ×1.79 vs costs ×1.08; EBITDA 727→1 307; at 3.5× EV/EBITDA → +58%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Freightos Baltic Index (rev)+100%3 852.802 150.112 915.12+79%+36%
VLSFO Global 20 Ports (cost)-15%809.50627.76639.50+29%+2%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue1 043
LTM EBITDA727
LTM cash costs (revenue − EBITDA)316
2 · Revenue projection
Revenue multiplier — spot×1.792 (+79%)
= Spot revenue1 869
Revenue multiplier — 3y price×1.356 (+36%)
= 3-year-price revenue1 414
3 · Costs projection
Cost multiplier — spot×1.077 (+8%)
= Spot cash costs340
Cost multiplier — 3y price×1.037 (+4%)
= 3-year-price cash costs328
4 · EBITDA projection (revenue − costs)
= Spot EBITDA1 528
= 3-year-price EBITDA1 086
Conservative EBITDA = min(spot, avg)1 307
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)3.5x
Target EV = EV/EBITDA × conservative EBITDA4 641
Net debt149
Target market cap = EV − net debt4 492
Current market cap2 847

Upside = target market cap ÷ current − 1 = +57.7%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q224172+235.8%174-14—
2023 Q3239112+114.3%17559+196.4%
2023 Q4249145+71.6%13294+40.7%
2024 Q1250453-44.8%176372-52.7%
2024 Q2245455-46.1%174373-53.3%
2024 Q3256535-52.1%170453-62.5%
2024 Q4258288-10.4%166200-17.2%
2025 Q1253218+16.4%160136+18.1%
2025 Q2262161+63.2%17875+138.5%
2025 Q3261158+65.5%18268+168.9%
2025 Q4266175+51.9%17488+97.4%
2026 Q1254214+18.4%193123+57.0%

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +3% vs +4% the year before — a -1.4 pp move. 3-year CAGR +2%.
revenue growth by year: 2023 -2% · 2024 +4% · 2025 +3%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 3.6x · target 75th pct (3y) 3.5x · LTM avg 3.2x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-210.9 USDEx-dividend: 0.9 USD per sharePaidYahoo Finance (ex-div)
2026-05-260.9 USDEx-dividend: 0.9 USD per sharePaidYahoo Finance (ex-div)
2026-02-230.9 USDEx-dividend: 0.9 USD per sharePaidYahoo Finance (ex-div)
2025-05-270.85 USDEx-dividend: 0.85 USD per sharePaidYahoo Finance (ex-div)
2025-02-240.85 USDEx-dividend: 0.85 USD per sharePaidYahoo Finance (ex-div)
2024-11-250.85 USDEx-dividend: 0.85 USD per sharePaidYahoo Finance (ex-div)
2024-08-200.8 USDEx-dividend: 0.8 USD per sharePaidYahoo Finance (ex-div)
2024-06-110.8 USDEx-dividend: 0.8 USD per sharePaidYahoo Finance (ex-div)
2024-02-270.8 USDEx-dividend: 0.8 USD per sharePaidYahoo Finance (ex-div)
2023-11-240.8 USDEx-dividend: 0.8 USD per sharePaidYahoo Finance (ex-div)
2023-08-220.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2023-05-250.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2023-02-270.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2022-11-170.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2022-08-160.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2022-05-260.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2022-02-160.75 USDEx-dividend: 0.75 USD per sharePaidYahoo Finance (ex-div)
2021-11-180.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2021-08-130.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Danaos Corporation (DAC) — from primary filings.

Danaos Corporation owns and operates containerships and drybulk vessels, providing seaborne transportation services in the shipping industry.

Frequently asked questions

What is Danaos Corporation (DAC)'s P/E ratio?
Danaos Corporation (DAC) trades at a P/E of 4.9x (price to trailing 12-month earnings).
What is Danaos Corporation (DAC)'s EV/EBITDA?
Danaos Corporation (DAC) trades at 4.0x EV/EBITDA.
What is Danaos Corporation (DAC)'s P/B ratio?
Danaos Corporation (DAC) trades at a P/B of 0.7x.
What is Danaos Corporation (DAC)'s dividend yield?
Danaos Corporation (DAC)'s trailing 12-month dividend yield is 2.0%.
What is Danaos Corporation (DAC)'s return on equity (ROE)?
Danaos Corporation (DAC)'s ROE is 14.6%.
What is Danaos Corporation (DAC)'s market capitalization?
Danaos Corporation (DAC)'s market cap is 2.5 bn USD.