DHL 2009 Annual Report Download - page 45

CAPITAL MARKET
DEUTSCHE POST SHARES
A year of extremes on the stock market
 was a year of extremes on the stock markets. At the start of the year, investors
were  eeing from shares in droves and investing in traditionally conservative invest-
ment products. Investor fear pushed the  down to an annual low of , points
on  March – a loss in value of .  on the  closing value. Starting in the spring,
sentiment on the capital markets gradually began improving. Good news from the
business community, especially the banking sector, gave the markets reason to hope. It
became apparent that policymakers were going to come to the aid of the  nancial world
as never before.  e  rst leading indicators were likewise positive, and the  climbed
back over the ,-point mark.  e index dri ed back down brie y in the summer
prior to rebounding in mid-July to close the year at nearly , points and a gain of
approximately   on the previous year’s closing value.  e    gained
.  and the Dow Jones rose . .
. Deutsche Post shares, multi-year review
2004 2005 2006 2007 2008 2009
Year-end closing price  16.90 20.48 22.84 23.51 11.91 13.49
High  19.80 21.23 23.75 25.65 24.18 13.79
Low  14.92 16.48 18.55 19.95 7.18 6.65
Number of shares millions 1,112.8 1,193.9 1,204.01) 1,208.21) 1,209.01) 1,209.0
Market capitalisation as at  December  m 18,840 24,425 27,461 28,388 14,399 16,309
Average trading volume per day shares 2,412,703 3,757,876 5,287,529 6,907,270 7,738,509 5,446,920
Annual performance including dividend  6.4 24.1 14.9 6.9 –45.5 18.3
Annual performance excluding dividend  3.4 21.2 11.5 2.9 –49.3 13.3
Beta factor2) 0.84 0.75 0.80 0.68 0.81 0.91
Earnings per share3)  1.44 1.99 1.60 1.15 –1.40 0.53
Cash fl ow per share4)  2.10 3.23 3.28 4.27 1.60 –0.48
Price-to-earnings ratio5) 11.7 10.3 14.3 20.4 –8.5 25.5
Price-to-cash fl ow ratio4), 6) 8.1 6.4 7.0 5.5 7.4 –28.1
Dividend  m 556 836 903 1,087 725 7257)
Payout ratio  34.8 37.4 47.1 78.6 – 112.6
Dividend per share  0.50 0.70 0.75 0.90 0.60 0.607)
Dividend yield  3.0 3.4 3.3 3.8 5.0 4.4
 Increase due to exercise of stock options, Note .  From : Beta  years; source: Bloomberg.  Based on consolidated net profi t excluding minorities, Note .  Cash fl ow from operating activities.
 Year-end closing price / earnings per share.  Year-end closing price / cash fl ow per share.  Proposal.
. Peer group comparison: closing price on  December
2008 2009 + / – 
Deutsche Post DHL  11.91 13.49 13.3
  13.55 21.36 57.6
FedEx  62.22 85.17 36.9
  54.18 58.18 7.4
Kuehne + Nagel  67.55 100.50 48.8
Deutsche Post DHL Annual Report 
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