DHL 2011 Annual Report Download - page 48

DEUTSCHE POST SHARES
European national debt crisis affects fi nancial markets
Sentiment in the international equity markets was positive at the beginning of .
 e   , for instance, reached its  high of , points in February.  e
devastating earthquake in Japan, however, caused markets to fall, a trend that did not
reverse until companies reported surprisingly positive  rst quarter  gures.  e 
peaked at , points on  May. In the second half of the year, the national debt crisis
in the euro zone dominated the equity markets.  e  and    sank to
annual lows of , and , points respectively. Equity markets only began to recover
towards the end of the year amidst a persistently volatile environment.  e  ended
the year at , points, a loss of . .  is was somewhat better than the  
, which fell .  year-on-year.  e Dow Jones Index was up . , despite sustained
weakness in the  economy.
. Deutsche Post shares: multi-year review
2005 2006 2007 2008 2009 2010 2011
Year-end closing price  20.48 22.84 23.51 11.91 13.49 12.70 11.88
High  21.23 23.75 25.65 24.18 13.79 14.46 13.83
Low  16.48 18.55 19.95 7.18 6.65 11.18 9.13
Number of shares millions 1,193.9 1,204.0 1 1,208.2 1 1,209.0 1 1,209.0 1,209.0 1,209.0
Market capitalisation as at  December m 24,425 27,461 28,388 14,399 16,309 15,354 14,363
Average trading volume per day shares 3,757,876 5,287,529 6,907,270 7,738,509 5,446,920 5,329,779 4,898,924
Annual performance including dividend  24.1 14.9 6.9 – 45.5 18.3 –1.4 –1.3
Annual performance excluding dividend  21.2 11.5 2.9 – 49.3 13.3 – 5.9 – 6.5
Beta factor 2 0.75 0.80 0.68 0.81 0.91 0.95 1.19
Earnings per share3 1.99 1.60 1.15 –1.40 0.53 2.10 0.96
Cash fl ow per share 4  3.23 3.28 4.27 1.60 – 0.48 1.59 1.96
Price-to-earnings ratio 5 10.3 14.3 20.4 – 8.5 25.5 6.0 12.4
Price-to-cash fl ow ratio 4, 6 6.4 7.0 5.5 7.4 –28.1 8.0 6.1
Dividend m 836 903 1,087 725 725 786 846 7
Payout ratio  37.4 47.1 78.6 – 112.6 30.9 72.7 8
Dividend per share  0.70 0.75 0.90 0.60 0.60 0.65 0.70 7
Dividend yield  3.4 3.3 3.8 5.0 4.4 5.1 5.9
1 Increase due to exercise of stock options Note .
2 From : Beta three years; source: Bloomberg.
3 Based on consolidated net profi t after deduction of non-controlling interests Note .
4 Cash fl ow from operating activities.
5 Year-end closing price/earnings per share.
6 Year-end closing price/cash fl ow per share.
7 Proposal.
8 Excluding Postbank effects: . .
Deutsche Post DHL Annual Report 
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