DHL Group (DE:DHL)
XETRA:DHL
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DHL Group
(XETRA:DHL)
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Rating:67Neutral
Price Target:
€55.00
▲(9.69% Upside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by solid financial durability (especially strong free cash flow) but tempered by negative revenue growth and multi-year margin compression plus moderate leverage. Technicals are supportive with a clear trend above major moving averages, while valuation appears reasonable with a solid dividend yield.
Positive Factors
Strong free cash flow generation
Sizable and persistent free cash flow provides durable internal funding for capex, network investments, dividends and debt reduction. High FCF conversion (~68% of net income) cushions earnings volatility and supports strategic options across cycles without relying on external capital.
Negative Factors
Negative revenue growth trend
A multi-year revenue decline reduces scale benefits and limits pricing power over time. Persistent top-line contraction can erode network utilization and freight purchasing leverage, making it harder to sustain margins and fund growth initiatives without restoring volume or winning share.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sizable and persistent free cash flow provides durable internal funding for capex, network investments, dividends and debt reduction. High FCF conversion (~68% of net income) cushions earnings volatility and supports strategic options across cycles without relying on external capital.
Read all positive factors
DHL Group (DHL) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€57.42B
Dividend Yield3.97%
Average Volume (3M)1.55M
Price to Earnings (P/E)16.4
Beta (1Y)1.12
Revenue Growth-2.69%
EPS Growth7.84%
CountryDE
Employees580,580
SectorGeneral
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)3.13
Shares Outstanding1,150,000,000
10 Day Avg. Volume1,351,800
30 Day Avg. Volume1,553,611
Financial Highlights & Ratios
PEG Ratio1.88
Price to Book (P/B)2.38
Price to Sales (P/S)0.64
P/FCF Ratio9.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€52.86Price Target Upside5.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)3.34
Revenue Forecast (FY)€84.86B
DHL Group Business Overview & Revenue Model
Company Description
Deutsche Post AG is a leading global provider of postal and logistics services, operating extensively across Germany, the broader European continent, the Americas, Asia Pacific, and both the Middle East and Africa. The company's diverse operations...
How the Company Makes Money
DHL Group primarily makes money by charging customers for transportation and logistics services, supported by network, handling, and value-added service fees across its divisions. Key revenue streams include: (1) Express/time-definite internationa...
DHL Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 82.47B | 82.86B | 84.19B | 81.76B | 94.44B | 81.75B |
| Gross Profit | 9.10B | 8.99B | 8.63B | 8.83B | 11.31B | 10.56B |
| EBITDA | 11.52B | 11.15B | 10.73B | 10.80B | 12.69B | 11.72B |
| Net Income | 3.53B | 3.50B | 3.33B | 3.67B | 5.36B | 5.05B |
Balance Sheet | ||||||
| Total Assets | 74.41B | 74.25B | 69.88B | 66.83B | 68.28B | 63.59B |
| Cash, Cash Equivalents and Short-Term Investments | 7.79B | 5.08B | 2.19B | 4.26B | 3.19B | 4.71B |
| Total Debt | 29.06B | 25.45B | 22.44B | 20.83B | 20.22B | 19.02B |
| Total Liabilities | 50.56B | 51.63B | 45.66B | 43.94B | 44.58B | 44.09B |
| Stockholders Equity | 23.40B | 22.23B | 23.79B | 22.48B | 23.24B | 19.04B |
Cash Flow | ||||||
| Free Cash Flow | 6.19B | 5.61B | 5.79B | 5.88B | 7.05B | 6.26B |
| Operating Cash Flow | 8.97B | 8.40B | 8.72B | 9.26B | 10.96B | 9.99B |
| Investing Cash Flow | -5.13B | -4.94B | -2.39B | -2.18B | -3.18B | -4.82B |
| Financing Cash Flow | -4.66B | -3.49B | -6.35B | -6.90B | -7.41B | -6.22B |
DHL Group Technical Analysis
Positive
50.14
Price Trends
48.79
Positive
47.11
Positive
44.04
Positive
Market Momentum
0.98
Positive
54.17
Neutral
54.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DHL, the sentiment is Positive. The current price of 50.14 is below the 20-day moving average (MA) of 51.64, above the 50-day MA of 48.79, and above the 200-day MA of 44.04, indicating a neutral trend. The MACD of 0.98 indicates Positive momentum. The RSI at 54.17 is Neutral, neither overbought nor oversold. The STOCH value of 54.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:DHL.
DHL Group Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €776.19M | 12.86 | 16.03% | 5.12% | -5.58% | -5.61% | |
67 Neutral | €57.42B | 16.45 | 16.07% | 3.97% | -2.69% | 7.84% | |
58 Neutral | €10.90B | 7.05 | 13.67% | 3.56% | 4.96% | 26.60% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €6.63B | 15.85 | 8.46% | ― | 0.92% | 2.89% | |
53 Neutral | €20.00B | 78.82 | 4.94% | 7.14% | -10.66% | -90.22% | |
43 Neutral | €2.13B | 777.92 | 0.35% | 0.47% | 6.06% | -81.63% |
* General Sector Average
DE:DHL
DHL Group
51.30
13.05
34.11%
DE:LHA
Deutsche Lufthansa
9.06
2.54
39.00%
DE:FRA
Fraport AG Frankfurt Airport Services Worldwide
71.80
13.55
23.27%
DE:HHFA
Hamburger Hafen und Logistik
21.80
3.15
16.88%
DE:HLAG
Hapag Lloyd
113.80
-19.24
-14.46%
DE:TGHN
Logwin AG
270.00
40.59
17.70%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.