Danaos Corporation

DAC

$154.15

+0.55%

N/A+$0.84

Industrials

Marine Shipping

NYSE

Active Trading

Danaos Corporation, operating through its subsidiaries, specializes in the ownership and management of containerships across key global markets including Australia, Asia, Europe, ...

Key Metrics of DAC

Snapshot

Latest / TTM · 6 periods

Market Cap

$2.82B

ROCE

9.6%

EV / EBITDA

3.99x

-0.9% YoY

FCF Yield

6.3%

-12.3% YoY

Cash Conversion Cycle

-73.7d

Current Ratio

9.30

Quick take

TTM —

No major risk flags in selected headline metrics.

Key Metrics

Latest / TTM · 6 periods

Valuation trend

Valuation trend table

Metric	2021	2022	2023	2024	2025	TTM
Market CapTotal market value of all shares outstanding.	$1.52B	$1.08B	$1.47B	$1.55B	$1.74B	$2.82B
Enterprise ValueCompany value including debt and cash adjustments.	$2.73B	$1.34B	$1.60B	$1.83B	$1.85B	$3.02B
EV / SalesHow many dollars investors pay per dollar of sales.	3.95x	1.35x	1.65x	1.80x	1.78x	2.87x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	2.24x	1.87x	2.28x	2.71x	2.48x	3.99x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	0.99	0.36	0.19	0.42	0.16	0.27

Returns + ROCE gauge

ROCE latest

9.6%

Prev year 10.6%

Returns + ROCE gauge table

Metric	2021	2022	2023	2024	2025	TTM
ROEProfit generated from shareholders' equity.	50.4%	21.8%	19.1%	14.7%	13.0%	14.0%
ROAProfit generated from total assets.	29.0%	16.4%	15.7%	11.6%	9.7%	9.9%
ROICReturn generated on invested operating capital.	34.5%	20.3%	17.6%	13.1%	12.9%	10.8%
ROCEOperating return on long-term capital used.	10.8%	20.6%	16.6%	13.0%	10.6%	9.6%
Earnings YieldEarnings as a percentage of market value.	69.3%	51.8%	39.1%	32.7%	28.5%	19.2%

Cash flow quality

Cash flow quality table

Metric	2021	2022	2023	2024	2025	TTM
FCFFCash flow available to all capital providers.	$141.00M	$795.78M	$328.72M	$-7.82M	$368.86M	$223.83M
FCFECash flow available to equity holders after debt flows.	$-84.82M	$-128.14M	$207.83M	$296.44M	$752.20M	$648.51M
FCF YieldFree cash flow divided by market capitalization.	4.8%	68.2%	20.9%	-2.4%	18.6%	6.3%
Income QualityHow well accounting earnings are backed by cash flow.	0.41	1.67	1.00	1.23	1.25	1.29
Capex / OCFShare of operating cash flow spent on capital expenditures.	83.1%	21.3%	46.5%	106.0%	47.9%	74.7%

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	TTM
DSOAverage days to collect cash from customers.	20.1d	20.1d	27.5d	33.3d	13.6d	34.7d
DIOAverage days inventory stays before being sold.	16.6d	17.9d	26.9d	21.9d	0.0d	24.4d
DPOAverage days the company takes to pay suppliers.	24.9d	27.2d	25.1d	26.6d	207.5d	132.9d
Operating CycleTime from buying inventory to collecting receivables.	36.6d	38.0d	54.4d	55.2d	13.6d	59.1d
Cash Conversion CycleNet days cash is tied in operations.	11.7d	10.8d	29.4d	28.6d	-193.9d	-73.7d

Snapshot

Latest / TTM: —

Market Cap

$2.82B

ROE

14.0%

FCF Yield

6.3%

Current Ratio

9.30

Supply Chain of DAC

Upstream / Downstream / Proxies

Upstream

HD Hyundai Heavy IndustriesKRX:329180Dalian Shanhaiguan Shipbuilding (DSIC Shanhaiguan)China CSSC Holdings Limited (via DSIC)SHA:600150Everllence SE (formerly MAN Energy Solutions)Volkswagen AGXETRA:VOW3Wärtsilä CorporationHEL:WRT1VHanwha Engine Co., Ltd (formerly Doosan Engine)KRX:082740 Samsung Heavy IndustriesKRX:010140Danaos Shipping Company Limited

Downstream

CMA CGM GroupMediterranean Shipping Company (MSC)COSCO SHIPPING Holdings Co., Ltd.HKEx:1919Hapag-Lloyd AGXETRA:HLAGZIM Integrated Shipping Services Ltd.NYSE:ZIM HMM Co., Ltd.KRX:011200Yang Ming Marine Transport CorporationTWSE:2609A.P. Møller - Mærsk A/SOTCMKTS:AMKBY Orient Overseas (International) Limited (OOCL)HKEx:0316Ocean Network Express (ONE)Pacific International Lines (PIL)SeaLead Shipping Pte LtdSamudera Shipping Line LtdSGX:S56Arkas Container Transport (Arkas Line)NileDutch (Nile Dutch Investments B.V.)Global Mining & Agricultural Commodity Traders

Proxies

Costamare Inc.NYSE:CMRE Navios Maritime Partners L.P.NYSE:NMM Star Bulk Carriers Corp.NASDAQ:SBLK ZIM Integrated Shipping Services Ltd.NYSE:ZIMHapag-Lloyd AGXETRA:HLAG

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