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DHT

DHT Holdings BMV:DHT N Stock Report

Last Price

US$110.38

Market Cap

US$20.5b

7D

0%

1Y

-6.1%

Updated

22 Apr, 2022

Data

Company Financials +
DHT N fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

DHT N Stock Overview

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway.

DHT Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DHT Holdings
Historical stock prices
Current Share PriceUS$110.38
52 Week HighUS$131.00
52 Week LowUS$102.62
Beta-0.42
1 Month Change0%
3 Month Changen/a
1 Year Change-6.09%
3 Year Changen/a
5 Year Changen/a
Change since IPO-27.86%

Recent News & Updates

Shareholder Returns

DHT NMX Oil and GasMX Market
7D0%-2.1%-2.1%
1Y-6.1%23.7%11.7%

Return vs Industry: DHT N underperformed the MX Oil and Gas industry which returned 26.3% over the past year.

Return vs Market: DHT N underperformed the MX Market which returned 12.2% over the past year.

Price Volatility

Is DHT N's price volatile compared to industry and market?
DHT N volatility
DHT N Average Weekly Movementn/a
Oil and Gas Industry Average Movement6.6%
Market Average Movement4.5%
10% most volatile stocks in MX Market7.2%
10% least volatile stocks in MX Market2.4%

Stable Share Price: Insufficient data to determine DHT N's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine DHT N's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200518Arnet Harfjeldhttps://www.dhtankers.com

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

DHT Holdings Fundamentals Summary

How do DHT Holdings's earnings and revenue compare to its market cap?
DHT N fundamental statistics
Market CapUS$1.01b
Earnings (TTM)-US$11.52m
Revenue (TTM)US$295.85m

3.3x

P/S Ratio

-85.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DHT N income statement (TTM)
RevenueUS$295.85m
Cost of RevenueUS$170.21m
Gross ProfitUS$125.64m
Other ExpensesUS$137.16m
Earnings-US$11.52m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.069
Gross Margin42.47%
Net Profit Margin-3.89%
Debt/Equity Ratio50.9%

How did DHT N perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

-147%

Payout Ratio

Valuation

Is DHT Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DHT N (MX$110.38) is trading below our estimate of fair value (MX$252.87)

Significantly Below Fair Value: DHT N is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DHT N is unprofitable, so we can't compare its PE Ratio to the South American Oil and Gas industry average.

PE vs Market: DHT N is unprofitable, so we can't compare its PE Ratio to the MX market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DHT N's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DHT N is good value based on its PB Ratio (0.9x) compared to the XS Oil and Gas industry average (1.4x).


Future Growth

How is DHT Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

131.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DHT N is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (7.1%).

Earnings vs Market: DHT N is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DHT N's is expected to become profitable in the next 3 years.

Revenue vs Market: DHT N's revenue (9.8% per year) is forecast to grow faster than the MX market (6.5% per year).

High Growth Revenue: DHT N's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DHT N's Return on Equity is forecast to be low in 3 years time (15.3%).


Past Performance

How has DHT Holdings performed over the past 5 years?

48.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DHT N is currently unprofitable.

Growing Profit Margin: DHT N is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DHT N is unprofitable, but has reduced losses over the past 5 years at a rate of 48.4% per year.

Accelerating Growth: Unable to compare DHT N's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DHT N is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (577.9%).


Return on Equity

High ROE: DHT N has a negative Return on Equity (-1.1%), as it is currently unprofitable.


Financial Health

How is DHT Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: DHT N's short term assets ($132.0M) exceed its short term liabilities ($41.9M).

Long Term Liabilities: DHT N's short term assets ($132.0M) do not cover its long term liabilities ($520.1M).


Debt to Equity History and Analysis

Debt Level: DHT N's net debt to equity ratio (45.1%) is considered high.

Reducing Debt: DHT N's debt to equity ratio has reduced from 102.7% to 50.9% over the past 5 years.

Debt Coverage: DHT N's debt is not well covered by operating cash flow (11.4%).

Interest Coverage: Insufficient data to determine if DHT N's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is DHT Holdings's current dividend yield, its reliability and sustainability?

1.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DHT N's dividend (1.7%) isn’t notable compared to the bottom 25% of dividend payers in the MX market (1.75%).

High Dividend: DHT N's dividend (1.7%) is low compared to the top 25% of dividend payers in the MX market (5.37%).


Stability and Growth of Payments

Stable Dividend: DHT N's dividend payments have been volatile in the past 10 years.

Growing Dividend: DHT N's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: DHT N is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: DHT N is paying a dividend but the company has no free cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average board tenure


CEO

Arnet Harfjeld (57 yo)

no data

Tenure

US$1,933,245

Compensation

Mr. Svein Moxnes Harfjeld, also known as Arnet serves as Chief Executive Officer of DHT Holdings, Inc. since April 08, 2022. He had been Co-Chief Executive Officer of DHT Holdings, Inc. since June 23, 2014...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Arnet's total compensation is reasonable compared to companies of similar size in the MX market.

Compensation vs Earnings: Arnet's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: DHT N's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DHT Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: DHT Holdings, Inc.
  • Ticker: DHT N
  • Exchange: BMV
  • Founded: 2005
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$1.006b
  • Listing Market Cap: US$20.464b
  • Shares outstanding: 166.64m
  • Website: https://www.dhtankers.com

Number of Employees


Location

  • DHT Holdings, Inc.
  • Clarendon House
  • 2 Church Street
  • Hamilton
  • HM 11
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/22 00:00
End of Day Share Price2022/03/14 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.