NYSE:DHT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

High growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has DHT Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

DHT

1.1%

US Oil and Gas

-0.6%

US Market


1 Year Return

30.7%

DHT

-20.1%

US Oil and Gas

0.7%

US Market

DHT outperformed the Oil and Gas industry which returned -20.1% over the past year.

DHT outperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

DHTIndustryMarket
7 Day-1.0%1.1%-0.6%
30 Day5.8%7.2%2.9%
90 Day8.5%-4.4%1.3%
1 Year35.1%30.7%-17.1%-20.1%2.9%0.7%
3 Year59.2%44.1%2.0%-7.2%44.6%35.2%
5 Year31.0%-3.2%-25.4%-35.6%61.9%44.2%

Price Volatility Vs. Market

How volatile is DHT Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is DHT Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

DHT Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

DHT Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

DHT Holdings is loss making, we can't compare its value to the US Oil and Gas industry average.

DHT Holdings is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for DHT Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

DHT Holdings is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is DHT Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

70.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

DHT Holdings's revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).

DHT Holdings's earnings are expected to grow significantly at over 20% yearly.

DHT Holdings's revenue growth is expected to exceed the United States of America market average.

DHT Holdings's earnings growth is expected to exceed the United States of America market average.

DHT Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

DHT Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has DHT Holdings performed over the past 5 years?

-44.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

DHT Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare DHT Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare DHT Holdings's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if DHT Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

DHT Holdings used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if DHT Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is DHT Holdings's financial position?


Financial Position Analysis

DHT Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

DHT Holdings's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

DHT Holdings's level of debt (108.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (42.3% vs 108.6% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

DHT Holdings has sufficient cash runway for 1.9 years based on current free cash flow.

Unable to confirm if DHT Holdings has at least 1 year of cash runway based on growing free cash flows without relevant data.


Next Steps

Dividend

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

12.83%

Expected Dividend Yield


Dividend Yield and Payments Analysis

DHT Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

DHT Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.4x coverage).


Next Steps

Management

What is the CEO of DHT Holdings's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Trygve Munthe (57yo)

5.3yrs

Tenure

US$1,932,263

Compensation

Mr. Trygve Preben Munthe has been Co-Chief Executive Officer of DHT Holdings, Inc. since June 23, 2014 and served as its President since September 1, 2010. Mr. Munthe served as Chief Operating Officer of D ...


CEO Compensation Analysis

Insufficient data for Trygve to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Trygve's compensation has increased whilst company is loss making.


Management Age and Tenure

5.3yrs

Average Tenure

52yo

Average Age

The average tenure for the DHT Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

2.3yrs

Average Tenure

62yo

Average Age

The average tenure for the DHT Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$11,411,28521 May 19
Sohmen Family Foundation
EntityCompany
Shares1,907,049
Max PriceUS$6.07
BuyUS$9,767,25126 Feb 19
Sohmen Family Foundation
EntityCompany
Shares2,398,189
Max PriceUS$4.24

Ownership Breakdown


Management Team

  • Trygve Munthe (57yo)

    Co-Chief Executive Officer

    • Tenure: 5.3yrs
    • Compensation: US$1.93m
  • Arnet Harfjeld (55yo)

    Co-Chief Executive Officer

    • Tenure: 5.3yrs
    • Compensation: US$1.93m
  • Svenn Edvardsen (49yo)

    Technical Director

    • Tenure: 8.8yrs
    • Compensation: US$2.24m
  • Laila Halvorsen (44yo)

    Chief Financial Officer

    • Tenure: 1.3yrs
  • J. Eglin

    Director of Chartering & Operations

    • Tenure: 0yrs
  • Donald Puglisi

    Managing Director of Puglisi & Associates

    • Tenure: 0yrs

Board Members

  • Joe Pyne (71yo)

    Director

    • Tenure: 4yrs
  • Anders Onarheim (60yo)

    Director

    • Tenure: 0.9yrs
  • Erik Lind (64yo)

    Chairman

    • Tenure: 0yrs
  • Jeremy Kramer (57yo)

    Director

    • Tenure: 2.3yrs
  • Einar Steimler (71yo)

    Director

    • Tenure: 9.5yrs
  • Susan Reedy (45yo)

    Director

    • Tenure: 1.8yrs

Company Information

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


Key Information

  • Name: DHT Holdings, Inc.
  • Ticker: DHT
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$855.938m
  • Shares outstanding: 142.42m
  • Website: https://www.dhtankers.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DHTNYSE (New York Stock Exchange)YesCommon SharesUSUSDOct 2005

Biography

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capaci ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:59
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.