Added to YB: 2025-05-22
Pitch date: 2025-05-20
DAC [bullish]
Danaos Corporation
+14.46%
current return
Author Info
No bio for this author
Company Info
Danaos Corporation, through its subsidiaries, owns and operates containerships and drybulk vessels in Australia, Europe, and the United States.
Market Cap
$1.7B
Pitch Price
$82.62
Price Target
150.00 (+59%)
Dividend
3.59%
EV/EBITDA
2.78
P/E
3.89
EV/Sales
1.79
Sector
Marine Transportation
Category
value
Danaos Corporation - $DAC
DAC: Containership lessor trading at 0.46x book, earning $220M cash over 4 years from contracted revenue. Fleet of 74 vessels (avg 14yr old) has 3.9yr avg charter duration at 2x pre-COVID rates. Risks: 31% global orderbook may pressure future rates, capital allocation. Bull case: contracted cash exceeds mkt cap, ungeared, normalized 8-12% ROC yields 80%+ upside.
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