Added to YB: 2024-03-20
Pitch date: 2024-03-16
DAC [bullish]
Danaos Corporation
+64.23%
current return
Author Info
Chop Wood, Carry Water is a tech manager and investor searching for value-based investments. Sign up for the newsletter.
Company Info
Danaos Corporation, through its subsidiaries, owns and operates containerships and drybulk vessels in Australia, Europe, and the United States.
Market Cap
$2.0B
Pitch Price
$65.57
Price Target
140.00 (+30%)
Dividend
3.33%
EV/EBITDA
3.17
P/E
4.04
EV/Sales
2.01
Sector
Marine Transportation
Category
value
Future Prospects of Danaos Corporation
DAC: Trades at $1.39B w/ $539M FCF, $28.95 EPS. 68 ships, $2.3B backlog to '28. Deleveraged, 0.2x net debt/EBITDA. Risks: downturn, fuel, geopolitics, overcapacity. Insider-led, integrity & employee ratings high. Mgmt reduced debt but limited buybacks. $140 PT by '26 if charter rates rebound. $90 possible this yr at 3x PE if earnings surprise 8% like historically.
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