1.61BMarket Cap2.86P/E (TTM)
82.980High81.235Low121.62KVolume81.470Open81.110Pre Close10.01MTurnover1.22%Turnover Ratio2.86P/E (Static)19.42MShares82.98052wk High0.53P/B825.53MFloat Cap53.82052wk Low3.05Dividend TTM9.96MShs Float435.624Historical High3.68%Div YieldTTM2.15%Amplitude2.215Historical Low82.345Avg Price1Lot Size
Danaos Stock Forum
DAC is trading at half its tangible book value despite being net debt free and having almost USD50/share in earnings contracted for 2024-2025.
Danaos: Just Far Too Cheap, It's A Buy - Seeking Alpha
$ZIM Integrated Shipping(ZIM.US)$
$WiMi Hologram Cloud(WIMI.US)$
Click and watch the video below on YouTube (Pro Tip: adjust the speed to 1.5–2X):
Hope this helps. Feel free to comment if you have more questions.
First, you have to specify which segment of the shipping market you are talking about - container, drybulk, tanker, LNG. DAC and MATX are container shipping companies whereas SBLK is drybulk. Their market dynamics and macro environment are very different.
The major factors affecting container shipping are the supply chain crisis, increased demand for containerized goods, and port backlogs. It's basic supply and demand. For dry bulk, it's a bit more volatile and depends a lot on iron ore exports and coal in the current environment (particularly iron ore from Brazil to China and coal imports to China and India), as well as grains. Containership rates are reflected in the FBX index and dry bulk rates in the Baltic Dry Index. Containership charters are typically several years long whereas dry bulk is more exposed to current spot rates.
In theory, the period from mid October-early 2022 should continue to be a good time for the sector, but the market's moves seems to be disagreeing.
But with upgrades to stocks like UPS, shouldn't this help them?:
"The strong demand from the upcoming peak shipping season and smart management has UPS set up for a rebound, according to investment firm Stifel.
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