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Deutsche Post AG

DHL.DE
55
Integrated Freight & Logistics · Industrials
Also trades as: DHLGY
Price
€55.98
+0.58 (+1.05%)
Market Cap
€62.66B
Exchange
Frankfurt Stock Exchange
Winston Score
55
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Strong
Stability
Good
Valuation
Strong
Dividends
Strong

Share count falling — buybacks

8.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.26B (2021) → 1.15B (2025)

Winston Score History

The full picture

Deutsche Post AG is one of the world's largest logistics and mail delivery companies. It operates under the DHL brand for international shipping, express delivery, freight, and supply chain services, serving businesses and individual customers across more than 220 countries and territories. The company also runs Germany's national postal service, delivering letters and parcels to homes and businesses throughout the country.

The company makes money by charging fees for delivering packages, moving freight, and managing warehouses and supply chains for large businesses. Most revenue comes from the DHL division, which handles everything from small parcels to massive industrial shipments worldwide. Its global delivery network and brand recognition are difficult for competitors to replicate quickly, giving it a durable position in the market. The main risk the company faces is slowing global trade, since lower demand for shipped goods directly reduces its revenue.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.8% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+26.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

18.2%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€7.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Deutsche Post AG is a rare growth stock that's already generating positive cash flow while growing at 13%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
11.8%
Thin — 11.8% gross margin
Profit after running costs
Operating Margin
8.3%
Modest — 8.3% operating margin
Return on the money invested
ROCE
13.2%
Good — 13.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+1.3%
Nearly flat sales (+1.3% YoY)
Profit growth
EPS YoY
+11.0%
Earnings growing (+11.0% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
243%
Turns 243% of profit into real cash
Spare cash per sale
FCF Margin
7.3%
Modest free cash flow (7.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
1.26
Elevated debt (1.26)
Covers its interest
Interest Cover
4.71x
Adequate interest coverage (4.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
16.9x
no trend
Fair value — P/E 16.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+3.4
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (16.9 → 13.5)

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Dividends

Dividend
Dividend Yield
3.43%
no trend
Moderate income — 3.43% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+36.7%
Dividend growing fast (36.7% YoY)

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