Miklos KonkolyThege - Danaos Independent Director

DAC Stock  USD 86.03  3.34  4.04%   

Director

Mr. Miklos KonkolyThege is Independent Director of Danaos Corporationrationration. Mr. KonkolyThege began at Det Norske Veritas, a ship classification society, in 1984. From 1984 through 2002, Mr. KonkolyThege served in various capacities with DNV including Chief Operating Officer, Chief Financial Officer and Corporationrationrate Controller, Head of Corporationrationrate Management Staff and Head of Business Areas. Mr. KonkolyThege became President and Chairman of the Executive Board of DNV in 2002 and served in that capacity until his retirement in May 2006. Mr. KonkolyThege is a member of the board of directors of Wilhelmsen Maritime Services Holding AS and Stena Hungary Holding KFT since 2006.
Age 77
Tenure 18 years
Professional MarksMBA
Address 14 Akti Kondyli, Piraeus, Greece, 185 45
Phone30 210 41 96 480
Webhttps://www.danaos.com
KonkolyThege holds a MS degree in civil engineering from Technische Universität Hannover, Germany and an MBA from the University of Minnesota.

Danaos Management Efficiency

The company has Return on Asset of 0.0915 % which means that on every $100 spent on assets, it made $0.0915 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1895 %, implying that it generated $0.1895 on every 100 dollars invested. Danaos' management efficiency ratios could be used to measure how well Danaos manages its routine affairs as well as how well it operates its assets and liabilities. At present, Danaos' Return On Assets are projected to increase slightly based on the last few years of reporting. At present, Danaos' Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 526.9 M, whereas Total Assets are forecasted to decline to about 3.1 B.
Danaos has 404.17 M in debt with debt to equity (D/E) ratio of 0.41, which is OK given its current industry classification. Danaos has a current ratio of 2.05, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Danaos to invest in growth at high rates of return.

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Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece. Danaos Corp operates under Marine Shipping classification in the United States and is traded on New York Stock Exchange. It employs 4 people. Danaos (DAC) is traded on New York Stock Exchange in USA. It is located in 14 Akti Kondyli, Piraeus, Greece, 185 45 and employs 4 people. Danaos is listed under Marine Transportation category by Fama And French industry classification.

Management Performance

Danaos Leadership Team

Elected by the shareholders, the Danaos' board of directors comprises two types of representatives: Danaos inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Danaos. The board's role is to monitor Danaos' management team and ensure that shareholders' interests are well served. Danaos' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Danaos' outside directors are responsible for providing unbiased perspectives on the board's policies.
Evangelos Chatzis, Chief Financial Officer, Secretary
William Repko, Independent Director
Miklos KonkolyThege, Independent Director
Petros Christodoulou, Independent Director
Anthony Kandylidis, Independent Director
Iraklis Prokopakis, COO, Sr. VP, Treasurer, Director, Member of Compensation Committee and Member of Nominating and Corporate Governance Committee
Dimitris Vastarouchas, Deputy Chief Operating Officer, Technical Director
George Economou, Independent Director
Myles Itkin, Independent Director
John Coustas, Chairman of the Board, President, Chief Executive Officer
Filippos Prokopakis, Chief Officer

Danaos Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Danaos a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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When determining whether Danaos offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Danaos' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Danaos Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Danaos Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danaos. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Danaos. If investors know Danaos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Danaos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
3.2
Earnings Share
29.93
Revenue Per Share
50.78
Quarterly Revenue Growth
0.02
The market value of Danaos is measured differently than its book value, which is the value of Danaos that is recorded on the company's balance sheet. Investors also form their own opinion of Danaos' value that differs from its market value or its book value, called intrinsic value, which is Danaos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Danaos' market value can be influenced by many factors that don't directly affect Danaos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Danaos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.