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 62,864 - -
Change - -38.77% 25.09% -26.11% 33.74% 19.96% - -
Enterprise Value (EV) 1 85,607 58,250 70,769 58,181 73,918 86,728 86,588 86,346
Change - -31.96% 21.49% -17.79% 27.05% 17.33% -0.16% -0.28%
P/E 14.1x 8.12x 14.8x 12.1x 15.4x 17.1x 15.4x 14.3x
PBR 3.66x 1.84x 2.8x 2.13x 2.38x 2.74x 2.56x 2.38x
PEG - 1.02x -0.5x -1.6x 1.88x 1.84x 1.4x 1.92x
Capitalization / Revenue 0.85x 0.45x 0.65x 0.47x 0.63x 0.74x 0.72x 0.69x
EV / Revenue 1.05x 0.62x 0.87x 0.69x 0.89x 1.02x 0.99x 0.95x
EV / EBITDA 7.29x 4.62x 6.54x 5.49x 6.74x 7.58x 7.19x 6.84x
EV / EBIT 10.7x 6.9x 11.2x 9.88x 12.1x 13.4x 12.4x 11.7x
EV / FCF 20.9x 19x 24.1x 10.3x 32.2x 25.9x 25.9x 22.5x
FCF Yield 4.78% 5.27% 4.16% 9.72% 3.1% 3.86% 3.86% 4.44%
Dividend per Share 2 1.8 1.85 1.85 1.85 1.9 1.959 2.046 2.152
Rate of return 3.18% 5.26% 4.12% 5.44% 4.07% 3.46% 3.61% 3.8%
EPS 2 4.01 4.33 3.04 2.81 3.04 3.322 3.681 3.955
Distribution rate 44.9% 42.7% 60.9% 65.8% 62.5% 59% 55.6% 54.4%
Net sales 1 81,747 94,436 81,758 84,186 82,855 84,864 87,804 90,850
EBITDA 1 11,746 12,613 10,822 10,606 10,970 11,441 12,045 12,615
EBIT 1 7,978 8,436 6,345 5,886 6,103 6,490 6,955 7,366
Net income 1 5,053 5,359 3,677 3,332 3,501 3,712 4,031 4,319
Net Debt 1 16,366 15,856 17,739 18,998 21,516 23,863 23,723 23,482
Reference price 2 56.54 35.18 44.86 33.98 46.73 56.68 56.68 56.68
Nbr of stocks (in thousands) 1,224,639 1,205,059 1,182,263 1,153,116 1,121,383 1,109,108 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.53x1.25x9.12x5.96% 93.52B
24.34x1.77x16.8x0.95% 21.67B
25.62x2.45x9.13x-.--% 8.8B
27.61x0.55x8.04x-.--% 5.89B
15.6x0.71x8.05x3.37% 5.9B
8.29x0.28x5.29x8.53% 5.24B
36.16x0.34x6.92x2.33% 3.89B
Average 21.88x 1.05x 9.05x 3.02% 20.7B
Weighted average by Cap. 18.24x 1.29x 9.98x 4.5%

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