Danaos Corp - Understand $dac stock

$DAC Market Cap: $1.561 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.005B

TTM

Gross Margin

75.54%

TTM

Net Earnings

$564.6M

TTM

Current Assets

$630.0M

Q3 2024

Current Liabilities

$160.4M

Q3 2024

Current Ratio

392.74%

Q3 2024

Total Assets

$4.254B

Q3 2024

Total Liabilities

$867.4M

Q3 2024

Book Value

$3.386B

Q3 2024

Cash

$384.3M

Q3 2024

P/E

2.765

Nov 29, 2024 EST

Free Cash Flow

-$109.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$973.6M	$993.3M	$689.5M	$461.6M	$447.2M	$458.7M	$451.7M	$498.3M	$567.9M	$552.1M	$588.1M	$589.0M	$468.1M	$359.7M	$319.5M	$298.9M	$258.8M	$205.2M	$175.9M	$208.3M	$146.1M
YoY Change	-1.99%	44.07%	49.37%	3.22%	-2.51%	1.55%	-9.35%	-12.26%	2.86%	-6.12%	-0.15%	25.83%	30.14%	12.58%	6.89%	15.49%	26.12%	16.66%	-15.55%	42.57%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$973.6M	$993.3M	$689.5M	$461.6M	$447.2M	$458.7M	$451.7M	$498.3M	$567.9M	$552.1M	$588.1M	$589.0M	$468.1M	$359.7M	$319.5M	$298.9M	$258.8M	$205.2M	$175.9M	$208.3M	$146.1M
Cost Of Revenue	$203.1M	$194.1M	$160.2M	$125.2M	$114.1M	$116.8M	$119.6M	$123.3M	$125.0M	$126.7M	$133.8M	$136.9M	$129.9M	$96.20M	$99.70M	$96.70M	$73.20M	$58.40M	$49.60M	$52.60M	$46.90M
Gross Profit	$770.5M	$799.2M	$529.3M	$336.4M	$333.1M	$341.9M	$332.1M	$375.0M	$442.9M	$425.4M	$454.3M	$452.2M	$338.2M	$263.5M	$219.8M	$202.2M	$185.7M	$146.8M	$126.3M	$155.7M	$99.20M
Gross Profit Margin	79.14%	80.46%	76.77%	72.88%	74.49%	74.54%	73.52%	75.26%	77.99%	77.05%	77.25%	76.77%	72.25%	73.26%	68.79%	67.65%	71.75%	71.54%	71.8%	74.75%	67.9%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$43.48M	$36.58M	$43.95M	$24.30M	$26.80M	$26.30M	$22.70M	$37.90M	$21.80M	$21.40M	$19.50M	$20.40M	$21.00M	$23.30M	$14.50M	$11.80M	$10.00M	$6.600M	$4.000M	$4.500M	$4.200M
YoY Change	18.89%	-16.78%	80.87%	-9.33%	1.9%	15.86%	-40.11%	73.85%	1.87%	9.74%	-4.41%	-2.86%	-9.87%	60.69%	22.88%	18.0%	51.52%	65.0%	-11.11%	7.14%
% of Gross Profit	5.64%	4.58%	8.3%	7.22%	8.05%	7.69%	6.84%	10.11%	4.92%	5.03%	4.29%	4.51%	6.21%	8.84%	6.6%	5.84%	5.39%	4.5%	3.17%	2.89%	4.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$129.3M	$131.2M	$116.9M	$101.5M	$96.50M	$107.8M	$115.2M	$129.0M	$131.8M	$137.1M	$137.4M	$143.9M	$106.2M	$77.00M	$60.90M	$51.00M	$41.10M	$31.10M	$27.10M	$31.70M	$29.20M
YoY Change	-1.47%	12.23%	15.19%	5.18%	-10.48%	-6.42%	-10.7%	-2.12%	-3.87%	-0.22%	-4.52%	35.5%	37.92%	26.44%	19.41%	24.09%	32.15%	14.76%	-14.51%	8.56%
% of Gross Profit	16.78%	16.42%	22.09%	30.17%	28.97%	31.53%	34.69%	34.4%	29.76%	32.23%	30.24%	31.82%	31.4%	29.22%	27.71%	25.22%	22.13%	21.19%	21.46%	20.36%	29.44%
Operating Expenses	$191.4M	$183.0M	$171.0M	$136.9M	$132.1M	$143.3M	$144.6M	$172.5M	$157.5M	$162.9M	$162.4M	$170.3M	$133.0M	$107.7M	$83.70M	$70.10M	$56.70M	$38.00M	$29.60M	$38.30M	$34.70M
YoY Change	4.6%	7.0%	24.94%	3.63%	-7.82%	-0.9%	-16.17%	9.52%	-3.31%	0.31%	-4.64%	28.05%	23.49%	28.67%	19.4%	23.63%	49.21%	28.38%	-22.72%	10.37%
Operating Profit	$579.0M	$653.4M	$358.3M	$199.5M	$201.0M	$198.6M	$187.5M	$202.5M	$285.4M	$262.5M	$291.9M	$281.9M	$205.2M	$155.8M	$136.1M	$132.1M	$129.0M	$108.8M	$96.70M	$117.4M	$64.50M
YoY Change	-11.39%	82.39%	79.58%	-0.75%	1.21%	5.92%	-7.41%	-29.05%	8.72%	-10.07%	3.55%	37.38%	31.71%	14.47%	3.03%	2.4%	18.57%	12.51%	-17.63%	82.02%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	-$1.296M	$62.14M	$584.3M	-$46.00M	-$70.40M	-$86.70M	-$90.20M	-$124.9M	-$127.5M	-$196.7M	-$235.2M	-$259.0M	-$189.8M	-$183.4M	-$99.70M	-$30.80M	-$20.20M	-$24.90M	-$17.00M	-$9.700M	-$12.10M
YoY Change	-102.09%	-89.37%	-1370.25%	-34.66%	-18.8%	-3.88%	-27.78%	-2.04%	-35.18%	-16.37%	-9.19%	36.46%	3.49%	83.95%	223.7%	52.48%	-18.88%	46.47%	75.26%	-19.83%
% of Operating Profit	-0.22%	9.51%	163.1%	-23.06%	-35.02%	-43.66%	-48.11%	-61.68%	-44.67%	-74.93%	-80.58%	-91.88%	-92.5%	-117.72%	-73.25%	-23.32%	-15.66%	-22.89%	-17.58%	-8.26%	-18.76%
Other Income/Expense, Net	-$812.0K	-$75.98M	$4.543M	$600.0K	$600.0K	-$50.50M	-$13.40M	-$28.70M	$100.0K	$400.0K	$300.0K	$800.0K	-$2.000M	-$5.100M	-$300.0K	-$1.100M	$14.60M	-$18.50M	-$300.0K	$1.100M	$600.0K
YoY Change	-98.93%	-1772.38%	657.17%	0.0%	-101.19%	276.87%	-53.31%	-28800.0%	-75.0%	33.33%	-62.5%	-140.0%	-60.78%	1600.0%	-72.73%	-107.53%	-178.92%	6066.67%	-127.27%	83.33%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$576.3M	$577.5M	$1.059B	$153.6M	$131.3M	-$32.90M	$83.90M	-$366.2M	$117.0M	-$3.900M	$37.50M	-$105.2M	$13.40M	-$102.3M	$36.10M	$117.1M	$123.1M	$65.40M	$79.50M	$116.5M	$59.90M
YoY Change	-0.2%	-45.46%	589.28%	16.98%	-499.09%	-139.21%	-122.91%	-412.99%	-3100.0%	-110.4%	-135.65%	-885.07%	-113.1%	-383.38%	-69.17%	-4.87%	88.23%	-17.74%	-31.76%	94.49%
Income Tax	$0.00	$18.25M	$5.890M								$0.00	$0.00		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	0.0%	3.16%	0.56%								0.0%				0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Earnings	$576.3M	$559.2M	$1.053B	$153.6M	$131.3M	-$32.90M	$83.90M	-$366.2M	$117.0M	-$3.900M	$37.50M	-$105.2M	$13.40M	-$102.3M	$36.10M	$115.2M	$215.3M	$101.1M	$122.9M	$116.5M	$59.90M
YoY Change	3.06%	-46.89%	585.44%	16.98%	-499.09%	-139.21%	-122.91%	-412.99%	-3100.0%	-110.4%	-135.65%	-885.07%	-113.1%	-383.38%	-68.66%	-46.49%	112.96%	-17.74%	5.49%	94.49%
Net Earnings / Revenue	59.19%	56.3%	152.7%	33.28%	29.36%	-7.17%	18.57%	-73.49%	20.6%	-0.71%	6.38%	-17.86%	2.86%	-28.44%	11.3%	38.54%	83.19%	49.27%	69.87%	55.93%	41.0%
Basic Earnings Per Share	$28.99	$27.30	$51.75	$6.51
Diluted Earnings Per Share	$28.95	$27.28	$51.15M	$6.454M	$8.105M	-$3.104M	$10.76M	-$46.95M	$15.00M	-$500.0K	$4.808M	-$13.49M	$1.718M	-$18.94M	$9.256M	$29.54M	$55.21M	$30.64M	$38.41M	$36.41M	$18.72M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$271.8M	$267.7M	$129.4M	$65.70M	$139.2M	$77.30M	$66.90M	$73.70M	$72.30M	$57.70M	$68.20M	$55.60M	$51.40M	$229.8M	$122.1M	$120.7M	$63.50M	$43.10M	$38.90M	$100.7M
YoY Change	1.55%	106.84%	96.97%	-52.8%	80.08%	15.55%	-9.23%	1.94%	25.3%	-15.4%	22.66%	8.17%	-77.63%	88.21%	1.16%	90.08%	47.33%	10.8%	-61.37%
Cash & Equivalents	$271.8M	$267.7M	$129.4M	$65.70M	$139.2M	$77.30M	$66.90M	$73.70M	$72.30M	$57.70M	$68.20M	$55.60M	$51.40M	$229.8M	$122.1M	$120.7M	$63.50M	$43.10M	$38.00M	$97.00M
Short-Term Investments	$86.03M	$0.00																$0.00	$900.0K	$3.700M
Other Short-Term Assets	$220.0M	$33.95M	$461.5M	$15.20M	$15.10M	$6.400M	$9.700M	$10.30M	$14.60M	$7.300M	$21.70M	$8.900M	$7.700M	$7.300M	$158.5M	$113.2M	$13.90M	$7.800M	$3.900M	$22.70M
YoY Change	548.14%	-92.64%	2936.25%	0.66%	135.94%	-34.02%	-5.83%	-29.45%	100.0%	-66.36%	143.82%	15.58%	5.48%	-95.39%	40.02%	714.39%	78.21%	100.0%	-82.82%
Inventory	$24.51M	$16.10M	$12.58M	$9.600M	$8.500M	$8.900M	$8.800M	$11.40M	$11.00M	$11.70M	$14.50M	$17.70M	$16.20M	$9.900M	$7.700M	$8.100M	$5.800M	$3.800M	$2.600M	$2.700M
Prepaid Expenses
Receivables	$9.931M	$39.64M	$28.99M	$28.00M	$27.70M	$27.20M	$40.50M	$40.60M	$29.70M	$18.50M	$22.50M	$16.40M	$13.30M	$15.20M	$12.40M	$8.200M	$8.900M	$5.000M	$18.70M	$3.400M
Other Receivables	$0.00	$15.17M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.900M	$0.00	$0.00	$4.700M	$4.600M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$501.8M	$372.5M	$632.5M	$118.4M	$190.4M	$119.8M	$126.0M	$136.0M	$127.6M	$103.1M	$126.9M	$98.70M	$93.30M	$266.8M	$300.5M	$250.2M	$92.00M	$59.70M	$64.00M	$129.5M
YoY Change	34.7%	-41.1%	434.2%	-37.82%	58.93%	-4.92%	-7.35%	6.58%	23.76%	-18.75%	28.57%	5.79%	-65.03%	-11.21%	20.1%	171.96%	54.1%	-6.72%	-50.58%
Property, Plant & Equipment	$2.747B	$2.721B	$2.941B	$2.480B	$2.390B	$2.480B	$2.796B	$2.907B	$3.446B	$3.624B	$3.843B	$3.986B	$3.242B	$2.274B	$1.574B	$1.340B	$1.183B	$1.017B	$654.2M	$681.3M
YoY Change	0.92%	-7.47%	18.6%	3.77%	-3.64%	-11.29%	-3.81%	-15.66%	-4.91%	-5.68%	-3.6%	22.95%	42.6%	44.46%	17.48%	13.29%	16.32%	55.4%	-3.98%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$270.0K		$0.00	$15.30M	$9.000M	$7.400M	$6.000M	$5.000M	$40.00M	$28.70M									$0.00	$900.0K
YoY Change			-100.0%	70.0%	21.62%	23.33%	20.0%	-87.5%	39.37%										-100.0%
Other Assets	$412.8M	$306.2M	$53.54M	$37.80M	$62.30M	$43.50M	$23.80M	$13.50M	$9.200M	$57.90M	$71.30M	$93.30M	$652.9M	$948.8M	$1.268B	$1.239B	$797.2M	$220.9M	$182.9M	$133.4M
YoY Change	34.82%	471.93%	41.64%	-39.33%	43.22%	82.77%	76.3%	46.74%	-84.11%	-18.79%	-23.58%	-85.71%	-31.19%	-25.2%	2.41%	55.37%	260.89%	20.78%	37.11%
Total Long-Term Assets	$3.159B	$3.028B	$2.995B	$2.596B	$2.493B	$2.560B	$2.860B	$2.991B	$3.535B	$3.748B	$3.940B	$4.113B	$3.895B	$3.222B	$2.842B	$2.578B	$1.980B	$1.238B	$881.8M	$876.5M
YoY Change	4.35%	1.1%	15.36%	4.15%	-2.63%	-10.5%	-4.37%	-15.37%	-5.7%	-4.86%	-4.22%	5.61%	20.87%	13.37%	10.24%	30.23%	59.98%	40.34%	0.6%
Total Assets	$3.661B	$3.400B	$3.627B	$2.714B	$2.683B	$2.680B	$2.986B	$3.127B	$3.662B	$3.851B	$4.067B	$4.212B	$3.988B	$3.489B	$3.143B	$2.829B	$2.072B	$1.297B	$945.8M	$1.006B
YoY Change
Accounts Payable	$146.9M	$24.51M	$18.93M	$10.60M	$11.20M	$10.50M	$11.40M	$11.20M	$13.00M	$12.50M	$13.10M	$14.00M	$15.10M	$14.70M	$49.50M	$13.90M	$11.60M	$9.700M	$6.100M	$5.600M
YoY Change	499.31%	29.48%	78.54%	-5.36%	6.67%	-7.89%	1.79%	-13.85%	4.0%	-4.58%	-6.43%	-7.28%	2.72%	-70.3%	256.12%	19.83%	19.59%	59.02%	8.93%
Accrued Expenses	$20.46M	$21.36M	$112.8M	$53.50M	$59.00M	$47.60M	$15.20M	$15.50M	$14.00M	$24.70M	$30.90M	$32.90M	$36.10M	$70.70M	$31.10M	$11.40M	$5.800M	$5.100M	$2.900M	$6.100M
YoY Change	-4.23%	-81.06%	110.85%	-9.32%	23.95%	213.16%	-1.94%	10.71%	-43.32%	-20.06%	-6.08%	-8.86%	-48.94%	127.33%	172.81%	96.55%	13.73%	75.86%	-52.46%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$21.30M	$54.97M	$95.75M	$155.7M	$119.7M	$113.8M	$2.330B	$2.505B	$270.0M	$224.6M	$203.9M	$182.5M	$52.80M	$21.60M	$2.332B	$42.20M	$25.60M	$22.80M	$57.50M	$61.30M
YoY Change	-61.25%	-42.59%	-38.5%	30.08%	5.18%	-95.12%	-7.0%	827.74%	20.21%	10.15%	11.73%	245.64%	144.44%	-99.07%	5425.36%	64.84%	12.28%	-60.35%	-6.2%
Total Short-Term Liabilities	$168.2M	$228.4M	$319.3M	$239.7M	$223.1M	$222.7M	$2.380B	$2.566B	$312.1M	$328.1M	$369.9M	$365.3M	$231.7M	$246.5M	$2.518B	$122.2M	$51.10M	$45.70M	$70.50M	$77.60M
YoY Change	-26.38%	-28.47%	33.21%	7.44%	0.18%	-90.64%	-7.27%	722.27%	-4.88%	-11.3%	1.26%	57.66%	-6.0%	-90.21%	1960.56%	139.14%	11.82%	-35.18%	-9.15%
Long-Term Debt	$382.9M	$447.0M	$1.018B	$1.187B	$1.271B	$1.508B	$0.00	$0.00	$2.470B	$2.791B	$3.030B	$3.219B	$2.960B	$2.544B	$6.000M	$2.066B	$1.331B	$639.6M	$609.2M	$540.1M
YoY Change	-14.34%	-56.09%	-14.27%	-6.56%	-15.74%			-100.0%	-11.48%	-7.89%	-5.88%	8.75%	16.37%	42298.33%	-99.71%	55.2%	108.08%	4.99%	12.79%
Other Long-Term Liabilities	$93.79M	$164.4M	$201.9M	$251.8M	$307.6M	$258.2M	$57.90M	$73.10M	$37.60M	$44.10M	$68.20M	$187.3M	$353.6M	$306.3M	$213.1M	$421.8M	$64.80M	$46.10M	$3.300M	$3.800M
YoY Change	-42.96%	-18.55%	-19.83%	-18.14%	19.13%	345.94%	-20.79%	94.41%	-14.74%	-35.34%	-63.59%	-47.03%	15.44%	43.74%	-49.48%	550.93%	40.56%	1296.97%	-13.16%
Total Long-Term Liabilities	$476.7M	$611.4M	$1.220B	$1.439B	$1.578B	$1.766B	$57.90M	$73.10M	$2.508B	$2.835B	$3.098B	$3.407B	$3.314B	$2.850B	$219.1M	$2.487B	$1.396B	$685.7M	$612.5M	$543.9M
YoY Change	-22.04%	-49.88%	-15.24%	-8.82%	-10.64%	2950.6%	-20.79%	-97.09%	-11.53%	-8.5%	-9.05%	2.79%	16.27%	1200.87%	-91.19%	78.21%	103.54%	11.95%	12.61%
Total Liabilities	$644.8M	$839.8M	$1.539B	$1.679B	$1.801B	$1.989B	$2.438B	$2.639B	$2.820B	$3.163B	$3.468B	$3.772B	$3.546B	$3.097B	$2.737B	$2.609B	$1.447B	$731.3M	$683.0M	$621.5M
YoY Change	-23.22%	-45.43%	-8.32%	-6.8%	-9.44%	-18.41%	-7.64%	-6.41%	-10.84%	-8.8%	-8.05%	6.38%	14.5%	13.14%	4.89%	80.34%	97.85%	7.07%	9.9%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	19.88M	20.48M	20.35M	23.59M
Diluted Shares Outstanding	19.90M	20.50M	20.58M	23.81M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.5612 Billion

About Danaos Corp

Danaos Corp. provides seaborne transportation services to the containership sector. The company is headquartered in Athina, Attiki and currently employs 1,718 full-time employees. The company went IPO on 2006-10-06. The firm's principal business is the acquisition and operation of vessels. The firm conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The firm's manager is Danaos Shipping Company Limited (Danaos Shipping). The firm has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.

Industry: Deep Sea Foreign Transportation of Freight Peers: Capital Clean Energy Carriers Corp. DIANA SHIPPING INC. EuroDry Ltd. EUROSEAS LTD. GLOBUS MARITIME LTD Pyxis Tankers Inc. Seanergy Maritime Holdings Corp. Star Bulk Carriers Corp.