Danaos Stock Net Income
DAC Stock | USD 72.20 0.33 0.45% |
Danaos fundamentals help investors to digest information that contributes to Danaos' financial success or failures. It also enables traders to predict the movement of Danaos Stock. The fundamental analysis module provides a way to measure Danaos' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Danaos stock.
At present, Danaos' Net Income Applicable To Common Shares is projected to increase significantly based on the last few years of reporting. The current year's Net Income From Continuing Ops is expected to grow to about 608.1 M, whereas Net Income Per E B T is forecasted to decline to 0.88. Danaos | Net Income |
Danaos Net Income Analysis
Danaos' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
More About Net Income | All Equity Analysis
Danaos Net Income |
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Net Income | = | (Rev + Gain) | - | (Exp + Loss) |
Current Danaos Net Income | 576.3 M |
Most of Danaos' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Danaos is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Competition |
Danaos Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Danaos reported net income of 576.3 M. This is 122.13% higher than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. This indicator is about the same for all United States stocks average (which is currently at 5.7097980139E8).
Danaos Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Danaos' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Danaos could also be used in its relative valuation, which is a method of valuing Danaos by comparing valuation metrics of similar companies.Danaos is currently under evaluation in net income category among related companies.
Danaos Institutional Holders
Institutional Holdings refers to the ownership stake in Danaos that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Danaos' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Danaos' value.Shares | Voloridge Investment Management, Llc | 2023-09-30 | 66.4 K | Susquehanna International Group, Llp | 2023-12-31 | 64.2 K | Charles Schwab Investment Management Inc | 2023-12-31 | 61.4 K | Citadel Advisors Llc | 2023-09-30 | 52 K | Qube Research & Technologies | 2023-12-31 | 46.7 K | Goldman Sachs Group Inc | 2023-12-31 | 40.5 K | Skandinaviska Enskilda Banken Ab | 2023-12-31 | 39.5 K | Two Sigma Investments Llc | 2023-12-31 | 39 K | Campbell & Co Investment Adviser Llc | 2023-12-31 | 36.4 K | Acadian Asset Management Llc | 2023-12-31 | 418.2 K | Rbf Llc | 2023-12-31 | 418 K |
Danaos Fundamentals
Return On Equity | 0.21 | ||||
Return On Asset | 0.1 | ||||
Profit Margin | 0.59 % | ||||
Operating Margin | 0.53 % | ||||
Current Valuation | 1.45 B | ||||
Shares Outstanding | 19.42 M | ||||
Shares Owned By Insiders | 48.71 % | ||||
Shares Owned By Institutions | 20.78 % | ||||
Number Of Shares Shorted | 511.27 K | ||||
Price To Earning | 8.42 X | ||||
Price To Book | 0.46 X | ||||
Price To Sales | 1.45 X | ||||
Revenue | 952.38 M | ||||
Gross Profit | 787.06 M | ||||
EBITDA | 705.77 M | ||||
Net Income | 576.3 M | ||||
Cash And Equivalents | 267.67 M | ||||
Cash Per Share | 28.64 X | ||||
Total Debt | 404.17 M | ||||
Debt To Equity | 0.41 % | ||||
Current Ratio | 2.09 X | ||||
Book Value Per Share | 155.33 X | ||||
Cash Flow From Operations | 574.4 M | ||||
Short Ratio | 5.27 X | ||||
Earnings Per Share | 28.82 X | ||||
Price To Earnings To Growth | 0.52 X | ||||
Target Price | 84.5 | ||||
Beta | 1.3 | ||||
Market Capitalization | 1.41 B | ||||
Total Asset | 3.66 B | ||||
Retained Earnings | 2.4 B | ||||
Working Capital | 333.61 M | ||||
Current Asset | 127.57 M | ||||
Current Liabilities | 312.14 M | ||||
Z Score | 4.01 | ||||
Annual Yield | 0.04 % | ||||
Net Asset | 3.66 B | ||||
Last Dividend Paid | 3.1 |
About Danaos Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Danaos's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Danaos using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Danaos based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Last Reported | Projected for 2024 | ||
Net Income | 576.3 M | 605.1 M | |
Net Income Applicable To Common Shares | 643.1 M | 675.2 M | |
Net Income From Continuing Ops | 579.1 M | 608.1 M | |
Net Income Per E B T | 0.99 | 0.88 |
Danaos Investors Sentiment
The influence of Danaos' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Danaos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Danaos' public news can be used to forecast risks associated with an investment in Danaos. The trend in average sentiment can be used to explain how an investor holding Danaos can time the market purely based on public headlines and social activities around Danaos. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Danaos' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Danaos' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Danaos' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Danaos.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Danaos in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Danaos' short interest history, or implied volatility extrapolated from Danaos options trading.
Pair Trading with Danaos
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Danaos position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Danaos will appreciate offsetting losses from the drop in the long position's value.Moving against Danaos Stock
0.77 | KEX | Kirby Financial Report 25th of April 2024 | PairCorr |
0.72 | GNK | Genco Shipping Trading Financial Report 1st of May 2024 | PairCorr |
0.7 | SB | Safe Bulkers Financial Report 8th of May 2024 | PairCorr |
0.7 | EGLE | Eagle Bulk Shipping Financial Report 2nd of May 2024 | PairCorr |
0.58 | EDRY | EuroDry Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Danaos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaos when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danaos - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danaos to buy it.
The correlation of Danaos is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Danaos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaos moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Danaos can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Danaos Piotroski F Score and Danaos Altman Z Score analysis. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.Note that the Danaos information on this page should be used as a complementary analysis to other Danaos' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Danaos Stock analysis
When running Danaos' price analysis, check to measure Danaos' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Danaos is operating at the current time. Most of Danaos' value examination focuses on studying past and present price action to predict the probability of Danaos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danaos' price. Additionally, you may evaluate how the addition of Danaos to your portfolios can decrease your overall portfolio volatility.
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Is Danaos' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Danaos. If investors know Danaos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Danaos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.021 | Dividend Share 3.1 | Earnings Share 28.82 | Revenue Per Share 48.975 | Quarterly Revenue Growth (0.01) |
The market value of Danaos is measured differently than its book value, which is the value of Danaos that is recorded on the company's balance sheet. Investors also form their own opinion of Danaos' value that differs from its market value or its book value, called intrinsic value, which is Danaos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Danaos' market value can be influenced by many factors that don't directly affect Danaos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Danaos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.