DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway. More Details
Very undervalued with solid track record and pays a dividend.
Share Price & News
How has DHT Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DHT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: DHT's weekly volatility (7%) has been stable over the past year.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: DHT underperformed the US Oil and Gas industry which returned 45.3% over the past year.
Return vs Market: DHT underperformed the US Market which returned 52.8% over the past year.
Long-Term 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
1 week ago | Simply Wall StHere's Why DHT Holdings (NYSE:DHT) Can Manage Its Debt Responsibly
1 month ago | Simply Wall StReturns on Capital Paint A Bright Future For DHT Holdings (NYSE:DHT)
1 month ago | Simply Wall StImproved Earnings Required Before DHT Holdings, Inc. (NYSE:DHT) Shares Find Their Feet
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 ($5.82) is trading below our estimate of fair value ($18.11)
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 (4.6x) compared to the US Oil and Gas industry average (15.4x).
PE vs Market: DHT is good value based on its PE Ratio (4.6x) compared to the US market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: DHT is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: DHT is good value based on its PB Ratio (0.9x) compared to the US Oil and Gas industry average (1.5x).
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 (35.7% per year) is above the savings rate (2%).
Earnings vs Market: DHT's earnings (35.7% per year) are forecast to grow faster than the US market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DHT's revenue (1.8% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: DHT's revenue (1.8% 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 (9.6%).
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 (36.3%) are higher than last year (20.8%).
Past Earnings Growth Analysis
Earnings Trend: DHT's earnings have grown significantly by 45.8% per year over the past 5 years.
Accelerating Growth: DHT's earnings growth over the past year (60.6%) exceeds its 5-year average (45.8% per year).
Earnings vs Industry: DHT earnings growth over the past year (60.6%) exceeded the Oil and Gas industry -42.2%.
Return on Equity
High ROE: DHT's Return on Equity (18.5%) is considered low.
How is DHT Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: DHT's short term assets ($110.7M) exceed its short term liabilities ($38.6M).
Long Term Liabilities: DHT's short term assets ($110.7M) do not cover its long term liabilities ($578.4M).
Debt to Equity History and Analysis
Debt Level: DHT's debt to equity ratio (53%) is considered high.
Reducing Debt: DHT's debt to equity ratio has reduced from 87.9% to 53% over the past 5 years.
Debt Coverage: DHT's debt is well covered by operating cash flow (69.4%).
Interest Coverage: DHT's interest payments on its debt are well covered by EBIT (10.1x 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 (18.56%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: DHT's dividend (18.56%) is in the top 25% of dividend payers in the US market (3.42%)
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 (60.6%), 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 well covered by earnings (46.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Trygve Munthe (58 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% in the past year.
Experienced Management: DHT's management team is seasoned and experienced (6.9 years average tenure).
Experienced Board: DHT's board of directors are considered experienced (4.8 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 16.7%.
DHT Holdings, Inc.'s company bio, 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$1.008b
- Shares outstanding: 171.50m
- Website: https://www.dhtankers.com
Number of Employees
- DHT Holdings, Inc.
- Clarendon House
- 2 Church Street
- HM 11
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...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/06 23:09|
|End of Day Share Price||2021/05/06 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.