DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway.
DHT Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$6.60|
|52 Week High||US$4.52|
|52 Week Low||US$7.19|
|1 Month Change||8.73%|
|3 Month Change||14.98%|
|1 Year Change||32.27%|
|3 Year Change||29.67%|
|5 Year Change||65.83%|
|Change since IPO||-95.44%|
Recent News & Updates
These Return Metrics Don't Make DHT Holdings (NYSE:DHT) Look Too Strong
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
DHT Holdings: The Patient Shall Be Rewarded
The company is operating in a very rough market. Management team has managed to almost get over with modernizing the company's fleet, while prepaying debt for the next two years. Risks regarding the speed of the global economic recovery and the VLCC market specific micro - economics, do apply. However, for the medium to long-term investor, DHT Holdings is a very nice way to gain exposure in the oil market while limiting downside risks.
Here's Why DHT Holdings (NYSE:DHT) Can Manage Its Debt Responsibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
DHT Holdings' (NYSE:DHT) Returns On Capital Are Heading Higher
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
|DHT||US Oil and Gas||US Market|
Return vs Industry: DHT underperformed the US Oil and Gas industry which returned 97.8% over the past year.
Return vs Market: DHT underperformed the US Market which returned 33.4% over the past year.
Stable Share Price: DHT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: DHT's weekly volatility (5%) has been stable over the past year.
About the Company
DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway. As of March 17, 2021, it had a fleet of 28 very large crude carriers with a capacity of 8,660,835 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
DHT Holdings Fundamentals Summary
|DHT fundamental statistics|
Is DHT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DHT income statement (TTM)|
|Cost of Revenue||US$155.63m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.42|
|Net Profit Margin||18.31%|
How did DHT perform over the long term?See historical performance and comparison
16.4%Current Dividend Yield
Is DHT Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DHT ($6.6) is trading below our estimate of fair value ($11.96)
Significantly Below Fair Value: DHT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DHT is good value based on its PE Ratio (15.6x) compared to the US Oil and Gas industry average (20.2x).
PE vs Market: DHT is good value based on its PE Ratio (15.6x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: DHT is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: DHT is good value based on its PB Ratio (1x) compared to the US Oil and Gas industry average (2.1x).
How is DHT Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DHT's forecast earnings growth (85.4% per year) is above the savings rate (2%).
Earnings vs Market: DHT's earnings (85.4% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DHT's revenue (19.5% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: DHT's revenue (19.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DHT's Return on Equity is forecast to be low in 3 years time (8.6%).
How has DHT Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DHT has high quality earnings.
Growing Profit Margin: DHT's current net profit margins (18.3%) are lower than last year (36.4%).
Past Earnings Growth Analysis
Earnings Trend: DHT's earnings have grown significantly by 50.5% per year over the past 5 years.
Accelerating Growth: DHT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DHT had negative earnings growth (-74.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-18.6%).
Return on Equity
High ROE: DHT's Return on Equity (6.5%) is considered low.
How is DHT Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: DHT's short term assets ($125.1M) exceed its short term liabilities ($37.6M).
Long Term Liabilities: DHT's short term assets ($125.1M) do not cover its long term liabilities ($529.5M).
Debt to Equity History and Analysis
Debt Level: DHT's debt to equity ratio (50.1%) is considered high.
Reducing Debt: DHT's debt to equity ratio has reduced from 81.2% to 50.1% over the past 5 years.
Debt Coverage: DHT's debt is well covered by operating cash flow (47.3%).
Interest Coverage: DHT's interest payments on its debt are well covered by EBIT (4.8x coverage).
What is DHT Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DHT's dividend (16.36%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: DHT's dividend (16.36%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: DHT's dividend payments have been volatile in the past 10 years.
Growing Dividend: DHT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.6%), DHT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DHT's dividends in 3 years are forecast to be covered by earnings (56.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Trygve Munthe (59 yo)
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
Compensation vs Market: Insufficient data to establish whether Trygve's total compensation is reasonable compared to companies of similar size in the US market.
Compensation vs Earnings: Trygve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: DHT's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: DHT's board of directors are considered experienced (5.2 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.1%.
DHT Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: DHT Holdings, Inc.
- Ticker: DHT
- Exchange: NYSE
- Founded: 2005
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$1.100b
- Shares outstanding: 166.69m
- Website: https://www.dhtankers.com
Number of Employees
- DHT Holdings, Inc.
- Clarendon House
- 2 Church Street
- HM 11
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 22:38|
|End of Day Share Price||2021/10/26 00:00|
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.