Morningstar

DHL Group DHL

Morningstar Rating
Unlock
Stock XETR Rating as of
€40.20 +0.67 (1.69%)
View Full Chart
As of Delayed Price Closed

Company Report

View Archive

DHL's Express Volumes Bouncing Along the Bottom, but Hints of B2B Improvement Emerging

Matthew Young

DHL Group is the leading postal operator in Europe, among the top three international express package carriers, and the world's largest air and ocean forwarder. Its legacy German postal operations (12% of revenue) face secular demand declines and are heavily regulated. However, we expect growth in the DHL segments and growth in the German (and international-domestic) parcel delivery operations to continue to offset declines in traditional mail-related activity (on average) over the freight cycle, and despite an overall soft freight and logistics backdrop in 2023 and into first-half 2024.

Read Full Report

Price vs Fair Value

View History
DHL is trading at a 900% premium.
Price
€40.20
Fair Value
€25.00
Uncertainty
Medium
1-Star Price
€68.00
5-Star Price
€86.00
Economic Moat
Njglbnw
Capital Allocation
Hgwpwzhb

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 temper B2B package volumes for much of 2024.

Show More

News

View All

Trading Information

Previous Close Price
€39.53
Day Range
€39.23–40.20
52-Week Range
€35.82–47.03
Bid/Ask
€40.11 / €0.00
Market Cap
€46.99 Bil
Volume/Avg
2.2 Mil / 2.0 Mil

Key Statistics

Price/Earnings (Normalized)
14.79
Price/Sales
0.59
Dividend Yield (Trailing)
4.60%
Dividend Yield (Forward)
4.60%
Total Yield
7.30%

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
591,172
Website
http://www.dpdhl.com

Competitors

Valuation

View More
Metric
DHL
FDX
EXPD
Price/Earnings (Normalized)
 14.7915.8724.37
Price/Book Value
 2.132.418.33
Price/Sales
 0.590.762.05
Price/Cash Flow
 6.205.7623.48
Price/Earnings
DHL
FDX
EXPD

Financial Strength

Metric
DHL
FDX
EXPD
Quick Ratio
 0.721.151.44
Current Ratio
 0.901.281.71
Interest Coverage
 6.0215.86—
Quick Ratio
DHL
FDX
EXPD

Profitability

Metric
DHL
FDX
EXPD
Return on Assets (Normalized)
 4.51%4.84%15.77%
Return on Equity (Normalized)
 13.29%15.67%30.64%
Return on Invested Capital (Normalized)
 7.69%6.92%23.44%
Return on Assets
DHL
FDX
EXPD

Integrated Freight & Logistics Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
United Parcel Service Inc Class B
UPS
FwmrsnhsrGck$115.0 Bil
 FedEx Corp
FDX
KvqwsljknFcsyk$65.4 Bil
 DHL Group
DPSTF
—Lthmm$52.5 Bil
 DHL Group ADR
DHLGY
RvtxtgsLrfphrx$52.5 Bil
 ZTO Express (Cayman) Inc ADR
ZTO
NbftchvnYbywv$19.5 Bil
 Expeditors International of Washington Inc
EXPD
JsjlwzlnttFvs$18.2 Bil
 JB Hunt Transport Services Inc
JBHT
FfgxhrsTphfw$17.6 Bil
 C.H. Robinson Worldwide Inc
CHRW
FpsmyxnpcxYxl$12.7 Bil
 Landstar System Inc
LSTR
RcrdjhtmqPph$6.6 Bil
 Hub Group Inc Class A
HUBG
NshrngfnjFsnth$2.8 Bil

Sponsor Center