Danaos Stock Total Asset
| DAC Stock | USD 73.89 0.93 1.27% |
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.
| Last Reported | Projected for Next Year | ||
| Total Assets | 3.7 B | 3.1 B | |
| Intangibles To Total Assets | 0.00 | 0.00 |
Danaos | Total Asset |
Danaos Company Total Asset Analysis
Danaos' Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Danaos Total Asset | 3.66 B |
Most of Danaos' fundamental indicators, such as Total Asset, 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.
Danaos Total Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Danaos is extremely important. It helps to project a fair market value of Danaos Stock properly, considering its historical fundamentals such as Total Asset. Since Danaos' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Danaos' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Danaos' interrelated accounts and indicators.
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Danaos Total Asset Historical Pattern
Today, most investors in Danaos Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Danaos' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Danaos total asset as a starting point in their analysis.
Danaos Total Asset |
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Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
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Danaos Total Assets
Total Assets |
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Based on the latest financial disclosure, Danaos has a Total Asset of 3.66 B. This is 8.59% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The total asset for all United States stocks is 87.57% higher than that of the company.
Danaos Total Asset 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 Total Asset 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 total asset 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 | 1.46 B | ||||
| Shares Outstanding | 19.42 M | ||||
| Shares Owned By Insiders | 48.71 % | ||||
| Shares Owned By Institutions | 20.60 % | ||||
| Number Of Shares Shorted | 519.48 K | ||||
| Price To Earning | 8.42 X | ||||
| Price To Book | 0.47 X | ||||
| Price To Sales | 1.44 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 | 5.69 X | ||||
| Earnings Per Share | 28.95 X | ||||
| Price To Earnings To Growth | 0.52 X | ||||
| Target Price | 84.5 | ||||
| Beta | 1.32 | ||||
| Market Capitalization | 1.43 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 | ||||
| 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.
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
| 0.7 | HSHP | Himalaya Shipping | PairCorr |
| 0.66 | EDRY | EuroDry Financial Report 20th of May 2024 | PairCorr |
| 0.65 | SFL | SFL Corporation | PairCorr |
| 0.62 | SB | Safe Bulkers Financial Report 8th of May 2024 | PairCorr |
| 0.58 | GOGL | Golden Ocean Group Financial Report 21st 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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 28.95 | 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.