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DHL Group DHL

Morningstar Rating
€39.92 −0.58 (1.42%)
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Company Report

DHL Group Earnings: B2B Package Volumes Remain Sluggish; 2024 Guidance Muted

Narrow-moat DHL Group’s fourth-quarter organic top line fell 7% (excluding foreign exchange) year over year but was mostly in line with our forecast. Lower revenue stems from muted retail-sector restocking and sluggish industrial end markets for DHL Express (Express' time-definite B2B package volumes are still declining), and from global air and ocean forwarding demand and pricing conditions retrenching off historic pandemic-driven highs.

Price vs Fair Value

DHL is trading at a 0% discount.
Price
€39.84
Fair Value
€94.00
Uncertainty
Medium
1-Star Price
€97.00
5-Star Price
€11.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

DHL's global package delivery operations should enjoy positive longer-term tailwinds from e-commerce growth.

Bears

Muted retail-sector restocking and soft industrial end markets will probably pressure B2B package volumes into first half 2024.

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News

Trading Information

Previous Close Price
€40.49
Day Range
€39.3040.05
52-Week Range
€36.0447.05
Bid/Ask
€0.00 / €0.00
Market Cap
€47.56 Bil
Volume/Avg
3.0 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized)
15.13
Price/Sales
0.58
Dividend Yield (Trailing)
4.63%
Dividend Yield (Forward)
4.63%
Total Yield
6.91%

Company Profile

Based in Germany, DHL Group ranks among the largest parcel-shipping and third-party logistics providers globally. Its DHL divisions (international express shipping, air and ocean freight forwarding, contract logistics, and e-commerce solutions) generate roughly 80% of revenue. Roughly 20% of revenue comes from the Post and Parcel Germany division, which includes the legacy postal business and the German small-package delivery business.
Sector
Industrials
Industry
Integrated Freight & Logistics
Stock Style Box
Large Value
Total Number of Employees
589,184

Competitors

Valuation

Metric
DHL
UPS
EXPD
Price/Earnings (Normalized)
15.1316.9322.98
Price/Book Value
2.057.337.32
Price/Sales
0.581.411.96
Price/Cash Flow
6.1112.0521.05
Price/Earnings
DHL
UPS
EXPD

Financial Strength

Metric
DHL
UPS
EXPD
Quick Ratio
0.760.981.79
Current Ratio
0.981.102.02
Interest Coverage
8.9711.92197.79
Quick Ratio
DHL
UPS
EXPD

Profitability

Metric
DHL
UPS
EXPD
Return on Assets (Normalized)
6.04%10.65%16.17%
Return on Equity (Normalized)
17.58%39.23%29.03%
Return on Invested Capital (Normalized)
9.85%18.27%22.87%
Return on Assets
DHL
UPS
EXPD
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Integrated Freight & Logistics Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
UPS
United Parcel Service Inc Class BXjmgrrskJrl$126.8 Bil
FDX
FedEx CorpWnkqkpvlpHqjgdqh$71.3 Bil
DPSTF
DHL GroupNpkqwq$51.4 Bil
DHLGY
DHL Group ADRDwvxqqcXsxlwc$51.4 Bil
JBHT
JB Hunt Transport Services IncBntmclgDjvtz$20.6 Bil
ZTO
ZTO Express (Cayman) Inc ADRXdcsfltnLtfqqlq$17.5 Bil
EXPD
Expeditors International of Washington IncGffqhrsdpSqwn$17.2 Bil
CHRW
C.H. Robinson Worldwide IncTsgcnxrmcWvqwx$8.9 Bil
LSTR
Landstar System IncNsqbbdlvjbCzn$6.9 Bil
HUBG
Hub Group Inc Class ABkyphzjqCzxgtld$2.7 Bil

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