Added to YB: 2025-02-20
Pitch date: 2025-02-18
DAC [bullish]
Danaos Corporation
+36.08%
current return
Author Info
Inflexio Research looks for special situation & long-term micro-cap plays in the US & Canada. 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
$80.68
Price Target
200.00 (+81%)
Dividend
3.32%
EV/EBITDA
3.18
P/E
4.06
EV/Sales
2.02
Sector
Marine Transportation
Category
value
Quick Value Pitch: Danaos Corp (NYSE:DAC)
DAC: Containership lessor w/ $3.4B contracted backlog at 70% EBITDA margin. $25+ EPS through 2027, new ships extend earnings to 2032. Trading at 0.46x BV, 3x EPS, 30%+ FCF yield. Mgmt buying back shares, raising dividends. Risks: industry orderbook, de-globalization. PT $200+ vs $84 current.
Read full article (6 min)