Company Valuation: DHL Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 69,241 42,394 53,030 39,183 52,402 61,237 - -
Change - -38.77% 25.09% -26.11% 33.74% 16.86% - -
Enterprise Value (EV) 1 85,607 58,250 70,769 58,181 73,918 84,739 84,625 84,300
Change - -31.96% 21.49% -17.79% 27.05% 14.64% -0.13% -0.38%
P/E 14.1x 8.12x 14.8x 12.1x 15.4x 16.1x 14.9x 14x
PBR 3.66x 1.84x 2.8x 2.13x 2.38x 2.65x 2.5x 2.33x
PEG - 1.02x -0.5x -1.6x 1.88x 1.2x 1.89x 2.04x
Capitalization / Revenue 0.85x 0.45x 0.65x 0.47x 0.63x 0.71x 0.69x 0.66x
EV / Revenue 1.05x 0.62x 0.87x 0.69x 0.89x 0.98x 0.95x 0.91x
EV / EBITDA 7.29x 4.62x 6.54x 5.49x 6.74x 7.19x 6.93x 6.62x
EV / EBIT 10.7x 6.9x 11.2x 9.88x 12.1x 12.6x 11.9x 11.3x
EV / FCF 20.9x 19x 24.1x 10.3x 32.2x 24.4x 23.3x 21.7x
FCF Yield 4.78% 5.27% 4.16% 9.72% 3.1% 4.09% 4.29% 4.62%
Dividend per Share 2 1.8 1.85 1.85 1.85 1.9 2.014 2.07 2.164
Rate of return 3.18% 5.26% 4.12% 5.44% 4.07% 3.64% 3.74% 3.91%
EPS 2 4.01 4.33 3.04 2.81 3.04 3.432 3.703 3.957
Distribution rate 44.9% 42.7% 60.9% 65.8% 62.5% 58.7% 55.9% 54.7%
Net sales 1 81,747 94,436 81,758 84,186 82,855 86,572 89,321 92,371
EBITDA 1 11,746 12,613 10,822 10,606 10,970 11,780 12,206 12,736
EBIT 1 7,978 8,436 6,345 5,886 6,103 6,740 7,093 7,481
Net income 1 5,053 5,359 3,677 3,332 3,501 3,863 4,067 4,331
Net Debt 1 16,366 15,856 17,739 18,998 21,516 23,502 23,388 23,062
Reference price 2 56.54 35.18 44.86 33.98 46.73 55.30 55.30 55.30
Nbr of stocks (in thousands) 1,224,639 1,205,059 1,182,263 1,153,116 1,121,383 1,107,368 - -
Announcement Date 3/9/22 3/9/23 3/6/24 3/6/25 3/5/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17x1.17x8.58x6.35% 87.72B
15.38x0.92x8.11x1.71% 74.73B
16.06x0.98x7.2x3.64% 70.57B
23.13x1.72x16.34x0.88% 23.21B
22.47x0.82x9.37x-.--% 12.95B
28.84x2.48x9.47x-.--% 8.91B
8.51x0.33x6.46x6.47% 6.09B
14.86x0.68x7.72x3.52% 5.77B
27.94x0.53x7.77x-.--% 5.4B
Average 19.35x 1.07x 9.00x 2.51% 32.82B
Weighted average by Cap. 17.43x 1.09x 8.73x 3.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield