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 63,718 - -
Change - -38.77% 25.09% -26.11% 33.74% 21.59% - -
Enterprise Value (EV) 1 85,607 58,250 70,769 58,181 73,918 87,535 87,398 87,148
Change - -31.96% 21.49% -17.79% 27.05% 18.42% -0.16% -0.29%
P/E 14.1x 8.12x 14.8x 12.1x 15.4x 16.8x 15.5x 14.4x
PBR 3.66x 1.84x 2.8x 2.13x 2.38x 2.76x 2.58x 2.4x
PEG - 1.02x -0.5x -1.6x 1.88x 1.4x 1.76x 1.95x
Capitalization / Revenue 0.85x 0.45x 0.65x 0.47x 0.63x 0.75x 0.72x 0.7x
EV / Revenue 1.05x 0.62x 0.87x 0.69x 0.89x 1.03x 0.99x 0.96x
EV / EBITDA 7.29x 4.62x 6.54x 5.49x 6.74x 7.56x 7.21x 6.89x
EV / EBIT 10.7x 6.9x 11.2x 9.88x 12.1x 13.2x 12.5x 11.8x
EV / FCF 20.9x 19x 24.1x 10.3x 32.2x 25.2x 25.7x 22.4x
FCF Yield 4.78% 5.27% 4.16% 9.72% 3.1% 3.96% 3.89% 4.46%
Dividend per Share 2 1.8 1.85 1.85 1.85 1.9 1.977 2.055 2.165
Rate of return 3.18% 5.26% 4.12% 5.44% 4.07% 3.44% 3.58% 3.77%
EPS 2 4.01 4.33 3.04 2.81 3.04 3.409 3.708 3.983
Distribution rate 44.9% 42.7% 60.9% 65.8% 62.5% 58% 55.4% 54.4%
Net sales 1 81,747 94,436 81,758 84,186 82,855 85,302 88,043 91,014
EBITDA 1 11,746 12,613 10,822 10,606 10,970 11,572 12,120 12,652
EBIT 1 7,978 8,436 6,345 5,886 6,103 6,624 7,005 7,399
Net income 1 5,053 5,359 3,677 3,332 3,501 3,818 4,077 4,351
Net Debt 1 16,366 15,856 17,739 18,998 21,516 23,817 23,680 23,430
Reference price 2 56.54 35.18 44.86 33.98 46.73 57.40 57.40 57.40
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.18x1.18x8.65x6.29% 88.59B
15.17x0.9x8.03x1.71% 72.73B
24.36x1.78x16.9x0.98% 21.96B
21.56x0.79x8.98x-.--% 12.42B
25.79x2.46x9.31x-.--% 8.89B
8.91x0.34x6.61x6.17% 6.21B
15.34x0.7x7.92x3.41% 5.92B
27.41x0.54x7.95x-.--% 5.77B
38.02x0.35x7.18x2.24% 4.11B
Average 21.53x 1.01x 9.06x 2.31% 25.18B
Weighted average by Cap. 18.17x 1.11x 9.17x 3.4%

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