DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore.
Good value second-rate dividend payer.
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's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: DHT exceeded the US Oil and Gas industry which returned -18.9% over the past year.
Return vs Market: DHT exceeded the US Market which returned 17.8% over the past year.
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
4 weeks ago | Simply Wall StAre Investors Undervaluing DHT Holdings, Inc. (NYSE:DHT) By 49%?
1 month ago | Simply Wall StIs DHT Holdings's (NYSE:DHT) 106% Share Price Increase Well Justified?
2 months ago | Simply Wall StCan DHT Holdings, Inc. (NYSE:DHT) Improve Its Returns?
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 ($5.51) is trading below our estimate of fair value ($13.89)
Significantly Below Fair Value: DHT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DHT is poor value based on its PE Ratio (10.7x) compared to the Oil and Gas industry average (10x).
PE vs Market: DHT is good value based on its PE Ratio (10.7x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: DHT is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: DHT is overvalued based on its PB Ratio (0.9x) compared to the US Oil and Gas industry average (0.8x).
How is DHT Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DHT's forecast earnings growth (19.9% per year) is above the savings rate (1.7%).
Earnings vs Market: DHT's earnings (19.9% per year) are forecast to grow faster than the US market (14.1% per year).
High Growth Earnings: DHT's earnings are forecast to grow, but not significantly.
Revenue vs Market: DHT's revenue is expected to decline over the next 3 years (-8.1% per year).
High Growth Revenue: DHT's revenue is forecast to decline over the next 3 years (-8.1% 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 (12.8%).
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 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DHT's earnings have declined by -41.1% per year over the past 5 years.
Accelerating Growth: DHT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DHT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).
Return on Equity
High ROE: DHT's Return on Equity (7.9%) is considered low.
How is DHT Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: DHT's short term assets ($218.3M) exceed its short term liabilities ($130.2M).
Long Term Liabilities: DHT's short term assets ($218.3M) do not cover its long term liabilities ($764.5M).
Debt to Equity History and Analysis
Debt Level: DHT's debt to equity ratio (92.9%) is considered high.
Reducing Debt: DHT's debt to equity ratio has reduced from 99.4% to 92.9% over the past 5 years.
Debt Coverage: DHT's debt is not well covered by operating cash flow (18%).
Interest Coverage: DHT's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Inventory Level: DHT has a high level of physical assets or inventory.
Debt Coverage by Assets: DHT's debt is not covered by short term assets (assets are 0.3x debt).
What is DHT Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DHT's dividend (8.53%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: DHT's dividend (8.53%) is in the top 25% of dividend payers in the US market (3.73%)
Stability and Growth of Payments
Stable Dividend: DHT's dividend payments have been volatile in the past 10 years.
Growing Dividend: DHT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (91.5%), DHT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DHT's dividends in 3 years are forecast to be covered by earnings (61.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Trygve Munthe (57yo)
Mr. Trygve Preben Munthe has been Co-Chief Executive Officer of DHT Holdings, Inc. since June 23, 2014 and served as its President since September 1, 2010. Mr. Munthe served as Chief Operating Officer of D ...
CEO Compensation Analysis
Compensation vs Market: Trygve's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Trygve's compensation has been consistent with company performance over the past year.
|Co-Chief Executive Officer||5.7yrs||US$1.93m||0.71% $5.4m|
|Co-Chief Executive Officer||5.7yrs||US$1.93m||0.64% $4.8m|
|Chief Financial Officer||1.7yrs||no data||no data|
|Director of Chartering & Operations||0yrs||no data||no data|
|Technical Director||9.2yrs||US$2.24m||no data|
|Managing Director of Puglisi & Associates||0yrs||no data||no data|
Experienced Management: DHT's management team is seasoned and experienced (5.7 years average tenure).
|Independent Director||4.4yrs||no data||0.099% $742.8k|
|Chairman||0yrs||no data||0.16% $1.2m|
|Independent Director||2.7yrs||no data||0.25% $1.9m|
|Independent Director||9.9yrs||no data||0.16% $1.2m|
|Director||2.3yrs||no data||no data|
Experienced Board: DHT's board of directors are considered experienced (3.5 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$751.715m
- Shares outstanding: 146.82m
- Website: https://www.dhtankers.com
Number of Employees
- DHT Holdings, Inc.
- Clarendon House
- 2 Church Street
- HM 11
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DHT||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Oct 2005|
|D8EN||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2005|
|DHT N||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Oct 2005|
DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of August 6, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 01:28|
|End of Day Share Price||2020/02/24 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.