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Relative to Consumer Discretionary Sector Median (N=442)
Metric
DAN
Benchmark
P/E Ratio
23.0x
-6%
EV/EBITDA
16.0x
+225%
Price / Book
4.1x
Implied Value Audit
OVERVALUED
Implied Fair Value (vs Sector)
-55.6%
$16.13Spot: $36.32
Spot
Implied
-50% Delta+50% Delta
Relative valuation derived from Consumer Discretionary sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
17.7%
Sector: 6.2%
Dividend Analysis audit
GROWTH
2.00%
Trailing Yield
$2.00
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
46%SAFE
Analyst Projections
Analyst Consensus
Unlock Valuation Tools
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Based on our 6-factor quantitative model, DANA INC (DAN) receives a "Hold" rating with a composite score of 53.0/100, ranked #441 out of 4446 stocks. Key factor scores: Quality 50/100, Value 55/100, Momentum 74/100. This is quantitative analysis only — not investment advice.
DANA INC (DAN) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does DANA INC Do?
Dana Incorporated provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. It operates in four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies. The Light Vehicle Drive Systems segment offers axles, driveshafts, e-axles, electrodynamic and drivetrain components, and transmissions, as well as electric, hybrid, and ICE products for light trucks, sport and crossover utility vehicles, vans, and passenger cars. The Commercial Vehicle Drive and Motion Systems segment provides axles, driveshafts, e-axles, e-transmissions, electrodynamic and drivetrain components, and electric vehicle integration services, as well as software as a service for medium and heavy duty trucks, buses, and specialty vehicles. The Off-Highway Drive and Motion Systems segment offers axles, driveshafts, transmissions, planetary hub drives, e-axles and e-drives, and helical and bevel-helical gearboxes, as well as electrodynamic, hydraulic, and drivetrain components for construction, earth moving, agricultural, mining, forestry, material handling, and industrial stationary markets. The Power Technologies segment offers gaskets and sealing, cover modules, heat shields, thermal management, e-thermal management, cooling, and bipolar fuel cell plates products for light vehicle, medium/heavy vehicle, and off-highway markets. The company was formerly known as Dana Holding Corporation and changed its name to Dana Incorporated in August 2016. Dana Incorporated was founded in 1904 and is headquartered in Maumee, Ohio. DANA INC (DAN) is classified as a mid-cap stock in the Consumer Discretionary sector, specifically within the Automobiles And Trucks industry. The company is led by CEO James K. Kamsickas and employs approximately 41,800 people, headquartered in Maumee, Ohio. With a market capitalization of $3.8B, DAN is one of the notable companies in the Consumer Discretionary sector.
DANA INC (DAN) Stock Rating — Hold (April 2026)
As of April 2026, DANA INC receives a Hold rating with a composite score of 53.0/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.DAN ranks #441 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, DANA INC ranks #26 of 442 stocks, placing it in the top 10% of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
DAN Stock Price and 52-Week Range
DANA INC (DAN) currently trades at $36.32. The stock gained $0.19 (0.5%) in the most recent trading session. The 52-week high for DAN is $36.28, which means the stock is currently trading 0.1% from its annual peak. The 52-week low is $10.11, putting the stock 259.2% above its annual trough. Recent trading volume was 543K shares, suggesting relatively thin trading activity.
Is DAN Overvalued or Undervalued? — Valuation Analysis
DANA INC (DAN) carries a value factor score of 55/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 22.98x, compared to the Consumer Discretionary sector average of 24.47x — a discount of 6%. The price-to-book ratio stands at 4.06x, versus the sector average of 1.99x. The price-to-sales ratio is 0.45x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, DAN trades at 15.96x EV/EBITDA, versus 4.91x for the sector. The EV/EBIT multiple is 48.09x.
Overall, DAN's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
DANA INC Profitability — ROE, Margins, and Quality Score
DANA INC (DAN) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 17.7%, compared to the Consumer Discretionary sector average of 6.2%, which is within a healthy range. Return on assets (ROA) comes in at 2.0% versus the sector average of 2.5%.
On a margin basis, DANA INC reports gross margins of 8.1%, compared to 36.9% for the sector. The operating margin is 2.8% (sector: 3.8%). Net profit margin stands at 2.1%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at -30.0% on a trailing basis, compared to 3.3% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
DAN Debt, Balance Sheet, and Financial Health
DANA INC has a debt-to-equity ratio of 769.0%, compared to the Consumer Discretionary sector average of 89.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.17x, suggesting adequate working capital coverage. Total debt on the balance sheet is $3.48B. Cash and equivalents stand at $414M.
DAN has a beta of 1.39, meaning it is more volatile than the broader market — a $10,000 investment in DAN would be expected to move 39.3% more than the S&P 500 on any given day. The stability factor score for DANA INC is 52/100, reflecting average volatility within the normal range for its sector.
DANA INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, DANA INC reported revenue of $8.11B and earnings per share (EPS) of $0.64. Net income for the quarter was $159M. Gross margin was 8.1%. Operating income came in at $229M.
In FY 2025, DANA INC reported revenue of $7.50B and earnings per share (EPS) of $0.64. Net income for the quarter was $102M. Gross margin was 8.0%. Revenue grew -27.1% year-over-year compared to FY 2024. Operating income came in at $139M.
In Q3 2025, DANA INC reported revenue of $1.92B and earnings per share (EPS) of $0.65. Net income for the quarter was $87M. Gross margin was 8.7%. Revenue grew -22.6% year-over-year compared to Q3 2024. Operating income came in at $53M.
In Q2 2025, DANA INC reported revenue of $1.94B and earnings per share (EPS) of $0.19. Net income for the quarter was $31M. Gross margin was 7.1%. Revenue grew -29.3% year-over-year compared to Q2 2024. Operating income came in at $16M.
Over the past 8 quarters, DANA INC has demonstrated a growth trajectory, with revenue expanding from $2.74B to $8.11B. Investors analyzing DAN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
DAN Dividend Yield and Income Analysis
DANA INC (DAN) currently pays a dividend yield of 2.0%. At this yield, a $10,000 investment in DAN stock would generate approximately $$200.00 in annual dividend income.
DAN Momentum and Technical Analysis Profile
DANA INC (DAN) has a momentum factor score of 74/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 38/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 23/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
DAN vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison
Comparing DAN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full DAN vs S&P 500 (SPY) comparison to assess how DANA INC stacks up against the broader market across all factor dimensions.
DAN Next Earnings Date
No upcoming earnings date has been announced for DANA INC (DAN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy DAN? — Investment Thesis Summary
DANA INC presents a balanced picture with arguments on both sides. Price momentum is positive at 74/100, suggesting the trend favors buyers.
In summary, DANA INC (DAN) earns a Hold rating with a composite score of 53.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on DAN stock.
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Institutional Research Dossier
DANA INC (DAN) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Dana Inc. (DAN) is a Buy-rated stock with a Composite Score of 53.7/100 and a rank of #37 out of 4,446 companies in the BCR quant model. The company's strong momentum, reasonable valuation, and improving profitability make it an attractive investment opportunity in the Automobiles and Trucks industry. However, concerns around Dana's high leverage and concentrated customer base highlight the need for careful risk assessment.
The key takeaway is that Dana's diversified product portfolio, growing electrification business, and operational efficiency improvements position it well to navigate the shifting automotive landscape, though its financial and customer concentration risks warrant close monitoring.
Business Strategy & Overview
Dana Inc. is a leading provider of power-conveyance and energy-management solutions for vehicles and machinery across the light, commercial, and off-highway markets. The company operates through four main segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.
In the Light Vehicle segment, Dana supplies axles, driveshafts, e-axles, and other electrified and conventional drivetrain components to automakers for passenger cars, light trucks, and SUVs. The Commercial Vehicle segment serves medium and heavy-duty truck, bus, and specialty vehicle manufacturers with a similar range of products, as well as software and integration services for electric commercial vehicles.
Dana's Off-Highway segment caters to the construction, agricultural, mining, and other industrial equipment markets, offering a variety of axles, driveshafts, transmissions, and electrified solutions. The Power Technologies segment provides gaskets, sealing, thermal management, and other components for all of Dana's end markets.
This diversified product portfolio, combined with Dana's focus on electrification and technological innovation, positions the company to capitalize on evolving industry trends, such as the shift towards electric and autonomous vehicles. The company's strategic partnerships and acquisitions, such as the recent buyout of Nordresa, further strengthen its capabilities in high-growth areas.
Dana's global manufacturing footprint and long-standing customer relationships with leading OEMs, including Ford, General Motors, and Stellantis, have also been key to its success. As the industry continues to transform, Dana's ability to adapt and provide comprehensive solutions will be critical to maintaining its competitive edge.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
-30.0%
Sector: 3.3%
-1010% VS SCTR
Economic Moat Analysis
Dana possesses a narrow economic moat, driven by its strong brand reputation, technological expertise, and deep customer relationships. The company's long history of innovation and product development has allowed it to establish a leading position in the power-conveyance and energy-management solutions market.
Dana's extensive research and development efforts, as well as its strategic acquisitions and partnerships, have enabled it to maintain a robust pipeline of new products and technologies. This has allowed the company to stay ahead of industry trends, such as the shift towards electrification, and solidify its position as a trusted supplier to major OEMs.
Moreover, Dana's global manufacturing footprint and diversified customer base across the light, commercial, and off-highway vehicle markets have contributed to its operational efficiency and risk diversification. This, combined with the company's strong brand reputation and long-standing customer relationships, has created moderate switching costs for its customers, further strengthening its competitive position.
However, the company's moat is considered narrow due to the relatively low barriers to entry in the automotive components industry, as well as the potential for disruption from new technologies and emerging competitors. Dana's ability to continuously innovate and adapt to industry changes will be crucial in maintaining its competitive advantage over the long term.
Financial Health & Profitability
Dana's financial health is characterized by a mix of positive and concerning trends. The company's revenue growth has been volatile, with a significant decline of 30% in the TTM period compared to the Consumer Discretionary sector average growth of 3.2%. This drop can be attributed to the broader challenges faced by the automotive industry, including supply chain disruptions and reduced demand during the COVID-19 pandemic.
Despite the revenue volatility, Dana has maintained relatively stable profitability, with a TTM gross margin of 8.1% and an operating margin of 2.8%, compared to sector averages of 36.9% and 3.8%, respectively. The company's return on equity (ROE) of 17.7% also outperforms the sector average of 5.8%, indicating effective capital allocation and operational efficiency.
However, Dana's balance sheet is a source of concern, with a debt-to-equity ratio of 769%, significantly higher than the sector average of 91%. This high leverage exposes the company to increased financial risk and could limit its financial flexibility, particularly in the face of economic downturns or industry disruptions.
Dana's cash flow generation has been relatively strong, with a TTM free cash flow of $244.3 million. This, coupled with the company's $414 million in total cash, provides a buffer to manage its debt obligations and fund future investments. However, the company's ability to maintain its cash flow and delever its balance sheet will be crucial in ensuring its long-term financial stability.
Valuation Assessment
Dana's valuation appears relatively expensive compared to its sector peers. The company's TTM P/E ratio of 49.1x is significantly higher than the Consumer Discretionary sector average of 28.0x. Similarly, its EV/EBITDA ratio of 6.2x is above the sector's 5.3x average.
While Dana's valuation multiples may seem elevated, it is important to consider the company's growth prospects and profitability. The BCR quant model's 'Value' score of 56/100 suggests that the stock is trading at a fair valuation relative to its fundamentals.
Additionally, Dana's free cash flow yield of 7.1% (based on the TTM FCF of $244.3 million and market cap of $3.44 billion) is reasonably attractive, especially in the context of the low-interest-rate environment and the potential for the company to continue improving its operational efficiency.
Overall, Dana's valuation appears to be at a slight premium to the sector, but this may be justified by its diversified product portfolio, electrification initiatives, and improving profitability. However, investors should closely monitor the company's ability to execute on its strategic priorities and manage its high leverage to ensure the valuation remains justified.
Risk & Uncertainty
Dana faces several key risks that could potentially undermine its investment thesis. The company's high financial leverage, with a debt-to-equity ratio of 769%, is a significant concern. This elevated leverage exposes Dana to increased financial risk and could limit its ability to withstand economic downturns or industry disruptions.
Another critical risk factor is Dana's customer concentration, as its top 10 customers account for approximately 70% of its total revenue. This high customer concentration makes the company vulnerable to the loss of key clients or changes in the purchasing patterns of its largest customers, which could have a substantial impact on its financial performance.
Furthermore, the automotive industry is undergoing a rapid transformation, with the shift towards electrification, autonomous driving, and new mobility solutions. Dana's ability to successfully adapt to these technological and industry changes, develop innovative products, and maintain its competitive edge will be crucial in determining its long-term success.
Bulls Say / Bears Say
The Bull Case
BULL VIEWDana's diversified product portfolio, technological expertise, and strategic partnerships position the company to capitalize on the growing demand for electrified and energy-efficient vehicle solutions across the light, commercial, and off-highway markets.
BULL VIEWThe company's strong brand reputation, long-standing customer relationships, and global manufacturing footprint provide a solid foundation for continued growth and market share gains.
BULL VIEWDana's focus on operational efficiency and cost optimization measures, combined with its robust free cash flow generation, will enable the company to manage its high leverage and invest in future growth initiatives.
The Bear Case
BEAR VIEWDana's high financial leverage and customer concentration risk expose the company to significant financial and operational vulnerabilities, which could hamper its ability to navigate industry disruptions and economic downturns.
BEAR VIEWThe rapid technological changes in the automotive industry, including the shift towards electrification and autonomous driving, pose a significant threat to Dana's traditional product portfolio, requiring substantial investments in research and development to maintain its competitive edge.
BEAR VIEWDana's reliance on the cyclical automotive industry and its exposure to supply chain disruptions and changing consumer preferences make its financial performance highly volatile, undermining the sustainability of its growth and profitability.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score DAN and 4,400+ other equities.
DANA INC exhibits a 98% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
2.0%
Sector: 2.5%
Gross Margin
Pricing power and cost efficiency
8.1%
Sector: 36.9%
Operating Margin
Core business profitability
2.8%
Sector: 3.8%
Net Margin
Bottom-line profitability
2.1%
Sector: 2.1%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield0.00%
Yield Delta—
Income Projection audit
A $10,000 investment would generate approximately $200 annually in dividends at the current trailing rate.
Dana Corp., through its subsidiary Dana Mauritius Limited, has finalized a deal to acquire 4% of Dongfeng Dana Axle Co. Ltd. for approximately $5 million, with plans to purchase an additional 46% for $55 million within three years. This joint venture will establish Dongfeng Dana Axle as China's largest commercial vehicle axle manufacturer, employing 8,000 individuals across three production facilities and a new R&D center. This strategic move aligns with Dana's aggressive growth strategy in the Asia Pacific region.
