DHT Holdings, Inc.

NYSE:DHT Stock Report

Market Cap: US$1.7b

DHT Holdings Valuation

Is DHT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DHT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DHT ($10.54) is trading above our estimate of fair value ($2.44)

Significantly Below Fair Value: DHT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DHT?

Key metric: As DHT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DHT. This is calculated by dividing DHT's market cap by their current earnings.
What is DHT's PE Ratio?
PE Ratio10.5x
EarningsUS$161.80m
Market CapUS$1.72b

Price to Earnings Ratio vs Peers

How does DHT's PE Ratio compare to its peers?

The above table shows the PE ratio for DHT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.4x
TNK Teekay Tankers
3.5x-5.3%US$1.5b
SFL SFL
10x-15.7%US$1.4b
NFE New Fortress Energy
12.2x8.4%US$2.3b
DKL Delek Logistics Partners
15.7x19.1%US$2.0b
DHT DHT Holdings
10.5x27.7%US$1.7b

Price-To-Earnings vs Peers: DHT is expensive based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does DHT's PE Ratio compare vs other companies in the US Oil and Gas Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
DHT 10.5xIndustry Avg. 11.7xNo. of Companies15PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DHT is good value based on its Price-To-Earnings Ratio (10.5x) compared to the US Oil and Gas industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is DHT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DHT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: DHT is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DHT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$10.54
US$13.79
+30.8%
11.5%US$16.00US$11.00n/a8
Nov ’25US$10.30
US$13.90
+35.0%
11.2%US$16.00US$11.00n/a8
Oct ’25US$11.22
US$14.16
+26.2%
7.3%US$16.00US$13.00n/a7
Sep ’25US$10.83
US$14.23
+31.4%
7.0%US$16.00US$13.00n/a7
Aug ’25US$11.54
US$14.43
+25.0%
6.0%US$16.00US$13.00n/a7
Jul ’25US$11.40
US$14.14
+24.1%
6.7%US$15.00US$12.00n/a7
Jun ’25US$12.10
US$14.14
+16.9%
6.7%US$15.00US$12.00n/a7
May ’25US$11.39
US$13.74
+20.7%
7.5%US$15.00US$12.00n/a7
Apr ’25US$11.76
US$13.39
+13.8%
6.9%US$15.00US$12.00n/a7
Mar ’25US$11.01
US$12.96
+17.7%
9.3%US$15.00US$11.00n/a7
Feb ’25US$10.84
US$12.86
+18.6%
9.5%US$15.00US$11.00n/a7
Jan ’25US$9.81
US$12.20
+24.4%
12.0%US$15.00US$10.00n/a7
Dec ’24US$10.24
US$12.20
+19.1%
12.0%US$15.00US$10.00n/a7
Nov ’24US$11.44
US$11.52
+0.7%
8.4%US$13.00US$10.00US$10.306
Oct ’24US$10.30
US$11.75
+14.1%
8.4%US$13.00US$10.00US$11.226
Sep ’24US$9.16
US$11.75
+28.3%
8.4%US$13.00US$10.00US$10.836
Aug ’24US$9.78
US$11.78
+20.5%
8.5%US$13.00US$10.00US$11.546
Jul ’24US$8.53
US$11.90
+39.5%
7.8%US$13.00US$10.00US$11.406
Jun ’24US$8.04
US$11.90
+48.0%
7.8%US$13.00US$10.00US$12.106
May ’24US$9.50
US$12.38
+30.4%
2.8%US$13.00US$12.00US$11.396
Apr ’24US$10.81
US$11.95
+10.5%
5.5%US$13.00US$11.00US$11.766
Mar ’24US$11.54
US$11.95
+3.6%
5.5%US$13.00US$11.00US$11.016
Feb ’24US$8.60
US$11.48
+33.5%
7.1%US$12.50US$10.00US$10.846
Jan ’24US$8.88
US$11.43
+28.8%
6.4%US$12.00US$10.00US$9.816
Dec ’23US$9.77
US$11.43
+17.0%
6.4%US$12.00US$10.00US$10.246
Nov ’23US$9.11
US$9.98
+9.6%
7.5%US$11.00US$8.50US$11.446

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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