Added to YB: 2025-01-24
Pitch date: 2025-01-24
DAC [bullish]
Danaos Corporation
+26.31%
current return
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
$1.7B
Pitch Price
$74.35
Price Target
200.00 (+113%)
Dividend
3.59%
EV/EBITDA
2.78
P/E
3.89
EV/Sales
1.79
Sector
Marine Transportation
Category
value
Show full summary:
The Bull Case for Danaos: Cash Flow, Buybacks, and a $3.3B Backlog
DAC: Undervalued at $78.40, ~$25 OCF next year. $3.3B backlog, 3.4yr avg lease. High visibility: 94%/73%/40% coverage 2025-27. $150M qtr FCF. 0.43x net debt/EBITDA. $200/sh NAV. ~2% buyback in 2mo. 0.4x P/NAV. Long leases mitigate container sector risks. Compelling value despite industry headwinds.
Read full article (1 min)