Deutsche Post DHL is the world's largest courier company. The corporation employs over 450,000 people in more than 220 countries and territories worldwide. In 2012 the Company had roughly a 32% market share worldwide.
Although still nicely profitable, the Company's return on equity has declined to 17.3% on average in 2008-2012 compared to 24.1% seen in 2003-2007. Now wonder its stock has been trading at 1.8x of its book value in the last five years compared to 3.1x in 2003-2007