Danaos Corporation's stock was trading at $100.17 on January 13, according to market data. The company's trailing price-to-earnings ratio stood at 4.00, as reported by Yahoo Finance.
The containership and drybulk vessel operator, which has subsidiaries in Australia, Europe, and the United States, has seen its share price rise from around $18 in 2020 to approximately $92. Earnings per share surged to about $26 from $6.50 in 2020, marking a recovery from a $46 per-share loss in 2016.
Despite this profitability, Danaos trades at a price-to-earnings ratio of roughly 3.5 and at 0.49 times its book value. The company reduced total liabilities from $2.4 billion in 2016 to $644 million by the end of 2024, with long-term debt now at $382 million. Equity expanded from $558 million to $3.4 billion over the same period.
Cash reserves grew from $70 million in 2017 to $453 million as of December 2024. The company maintains a dividend yield of approximately 3.7% and has financial flexibility for share buybacks.
A bullish thesis on Danaos Corporation was previously covered by Inflexio Research in May 2025, highlighting its backlog, share buybacks, and revaluation potential. The stock appreciated about 15.70% since then. Another bullish view from Impossible-Road-558 focuses on the company's financial strength and resilience.
Seventeen hedge fund portfolios held Danaos Corporation at the end of the second quarter, up from 16 in the previous quarter, according to database records. The company is not on the list of 30 Most Popular Stocks Among Hedge Funds.