Added to YB: 2025-05-29
Pitch date: 2025-05-28
DAC [bullish]
Danaos Corporation
Author Info
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Company Info
Danaos Corporation, through its subsidiaries, owns and operates containerships and drybulk vessels in Australia, Europe, and the United States.
Market Cap
$1.6B
Pitch Price
N/A
Price Target
170.00 (+102%)
Dividend
4.02%
Sector
Marine Transportation
Category
value
Anchored Value: Why Danaos Corp ($DAC) May Be the Most Undervalued Shipping Stock in the World
DAC: Premier containership charter owner w/ fleet of 74 vessels (471k TEU) + 15 eco newbuilds on order. $3.4B contract backlog through 2033 provides visibility. Trading at 3x P/E, 0.5x tangible book. 99% of 2025 days contracted despite industry oversupply concerns. Net debt only $292M. $0.85 quarterly dividend (4% yield) + $300M buyback program.
Read full article (20 min)