| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 91 | 5.3x | 17.3x | Top tier | |
Growth | 22 | 2.5% | 7.1% | Bottom tier | |
Quality | 69 | 10.6% | 4.5% | Top tier | |
Safety | 82 | 0.3x | 2.6x | Top tier | |
Capital Return | 76 | 2.26% | 0.06% | Top tier | |
Momentum | 97 | 79.7% | -1.6% | Top tier | |
Sentiment | 2 | 1 | 3 | Bottom tier |
The floor: what the company is worth if growth stopped today
0% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
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Danaos Corporation (DAC) operates in maritime transportation through a fleet comprising container ships and dry bulk vessels, generating revenue primarily from chartering vessels under time charters, alongside greater spot-market exposure in its Capesize fleet. The container segment relies on securing vessels under extended charters, with contracted revenue reaching $4.6 billion and an average charter duration of 4.7 years, while the dry bulk segment benefits more directly from changes in freight rates.
In Q2 fiscal 2026, adjusted net income reached $133.1 million, or $7.29 per share, compared with $117 million and $6.36 per share in Q2 fiscal 2025. Adjusted earnings before interest, taxes, depreciation, and amortization increased 6.1% to $186.8 million from $176 million, while container vessel revenue declined by $0.8 million from a base of $238.7 million.
The improvement came primarily from dry bulk; segment revenue increased 57% to $35.7 million from $22.7 million, and adjusted earnings before interest, taxes, depreciation, and amortization jumped to $18.8 million from $5.9 million, equivalent to a segment margin of approximately 52.7%. In fiscal 2025, Danaos recorded revenue of $1 billion, net income of $494.6 million, and earnings per share of $26.76, compared with revenue of $1 billion, net income of $505.1 million, and earnings per share of $26.05 in fiscal 2024.
The analyst consensus is "Buy," with an average target of $105 and identical high and low targets of $105, compared with a 52-week range of $83.56 to $152.98. The target is approximately 26% above the bottom of the range but approximately 31% below its peak, reflecting a more conservative valuation than the year's highest levels despite the record charter backlog and improved dry bulk earnings. The data does not include a valid comparable earnings multiple, so DAC's valuation here is based on the 52-week range and consensus target rather than an earnings multiple.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
The dry bulk segment was the primary driver, with revenue increasing 57% to $35.7 million from $22.7 million. The daily time charter equivalent rate for Capesize vessels rose to $30,400 from approximately $18,000, lifting the segment's adjusted earnings before interest, taxes, depreciation, and amortization to $18.8 million from $5.9 million. As a result, the group's adjusted net income reached $133.1 million and adjusted earnings per share reached $7.29, compared with $117 million and $6.36 in Q2 fiscal 2025.
Contracted revenue reached $4.6 billion after the addition of approximately $683 million since the previous earnings announcement, and the average charter duration was 4.7 years. The charters cover 100% of container vessel operating days in 2026, 93% in 2027, and 79% in 2028. Coverage extends to 61% in 2029, giving the container segment multi-year visibility, although the percentages gradually decline as the time horizon extends.
Automated analysis for informational purposes only — not investment advice.
Management stated on August 4, 2026 that the dry bulk vessels generally operate in the spot market, with two vessels on index-linked charters and only one vessel on a fixed rate through the end of 2026. Q2 fiscal 2026 benefited from the increase in the Capesize rate to $30,400 per day, which lifted the segment's adjusted earnings to $18.8 million. That same exposure means that lower freight rates could pressure revenue and earnings more quickly than in the container segment, which is covered by long-term charters.
Vessel operating expenses remained stable at $56.7 million in Q2 fiscal 2026, and the daily cost per vessel declined to $7,416 from $7,556. In contrast, general and administrative expenses increased to $14.9 million from $11.2 million, and average indebtedness rose by $326 million to $1.1 billion. Nevertheless, net interest expense declined by $5.3 million due to increased interest capitalization, an approximately 1.1 percentage-point decline in the average cost of debt servicing, and a doubling of interest income to $7.4 million.
Management said on the August 4, 2026 call that it does not intend to order LNG vessels speculatively but instead wants to link orders to production from the Alaska LNG project. It explained that the project required legislative arrangements before a final investment decision could be made. The project therefore represents a potential opportunity to deploy liquidity and expand, but as of the date of the call it was not a final commitment to order vessels or a completed investment.