DHT HOLDINGS INC (DHT)
MHY2065G1219 - Common Stock
Overall DHT gets a fundamental rating of 7 out of 10. We evaluated DHT against 214 industry peers in the Oil, Gas & Consumable Fuels industry. While DHT has a great health rating, its profitability is only average at the moment. DHT has both an excellent growth and valuation score. This means it is growing and it is still cheap. This is a rare combination! These ratings would make DHT suitable for value and growth investing!
1. Profitability
1.1 Basic Checks
In the past year DHT was profitable.
DHT had a positive operating cash flow in the past year.
DHT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years DHT had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 10.82%, DHT is doing good in the industry, outperforming 66.82% of the companies in the same industry.
The Return On Equity of DHT (15.72%) is comparable to the rest of the industry.
The Return On Invested Capital of DHT (10.63%) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.82% | ||
| ROE | 15.72% | ||
| ROIC | 10.63% |
ROA(3y)4.73%
ROA(5y)6.93%
ROE(3y)6.79%
ROE(5y)10.46%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 28.80%, DHT is in the better half of the industry, outperforming 69.16% of the companies in the same industry.
DHT's Profit Margin has declined in the last couple of years.
DHT has a Operating Margin of 34.45%. This is in the better half of the industry: DHT outperforms 63.55% of its industry peers.
DHT's Operating Margin has improved in the last couple of years.
DHT's Gross Margin of 56.99% is fine compared to the rest of the industry. DHT outperforms 61.22% of its industry peers.
DHT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.45% | ||
| PM (TTM) | 28.8% | ||
| GM | 56.99% |
OM growth 3Y-9.97%
OM growth 5Y45.73%
PM growth 3Y-9.27%
PM growth 5YN/A
GM growth 3Y-5.61%
GM growth 5Y9.15%
2. Health
2.1 Basic Checks
DHT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
DHT has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, DHT has more shares outstanding
Compared to 1 year ago, DHT has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.11 indicates that DHT is not in any danger for bankruptcy at the moment.
DHT has a better Altman-Z score (3.11) than 72.90% of its industry peers.
DHT has a debt to FCF ratio of 3.48. This is a good value and a sign of high solvency as DHT would need 3.48 years to pay back of all of its debts.
The Debt to FCF ratio of DHT (3.48) is better than 64.95% of its industry peers.
DHT has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.39, DHT is in line with its industry, outperforming 55.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 3.48 | ||
| Altman-Z | 3.11 |
ROIC/WACC1.24
WACC8.6%
2.3 Liquidity
A Current Ratio of 3.54 indicates that DHT has no problem at all paying its short term obligations.
DHT has a Current ratio of 3.54. This is amongst the best in the industry. DHT outperforms 84.58% of its industry peers.
DHT has a Quick Ratio of 3.54. This indicates that DHT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.54, DHT belongs to the top of the industry, outperforming 85.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.54 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 160.53% over the past year.
Measured over the past years, DHT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.82% on average per year.
Looking at the last year, DHT shows a very strong growth in Revenue. The Revenue has grown by 23.45%.
The Revenue has been growing by 8.32% on average over the past years. This is quite good.
EPS 1Y (TTM)160.53%
EPS 3Y-16.82%
EPS 5YN/A
EPS growth Q2Q-42.11%
Revenue 1Y (TTM)23.45%
Revenue growth 3Y-6.74%
Revenue growth 5Y8.32%
Revenue growth Q2Q-14.61%
3.2 Future
Based on estimates for the next years, DHT will show a very strong growth in Earnings Per Share. The EPS will grow by 28.83% on average per year.
The Revenue is expected to grow by 10.56% on average over the next years. This is quite good.
EPS Next Y63.09%
EPS Next 2Y45%
EPS Next 3Y28.83%
EPS Next 5YN/A
Revenue Next Year19.57%
Revenue Next 2Y16.13%
Revenue Next 3Y10.56%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.51, the valuation of DHT can be described as reasonable.
DHT's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 24.55. DHT is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.05, the valuation of DHT can be described as very cheap.
Based on the Price/Forward Earnings ratio, DHT is valued cheaply inside the industry as 81.78% of the companies are valued more expensively.
DHT is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.51 | ||
| Fwd PE | 7.05 |
4.2 Price Multiples
DHT's Enterprise Value to EBITDA is on the same level as the industry average.
DHT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.92 | ||
| EV/EBITDA | 7.27 |
4.3 Compensation for Growth
DHT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of DHT may justify a higher PE ratio.
DHT's earnings are expected to grow with 28.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y45%
EPS Next 3Y28.83%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 8.62%, which is a nice return.
Compared to an average industry Dividend Yield of 5.72, DHT pays a better dividend. On top of this DHT pays more dividend than 84.58% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, DHT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.62% |
5.2 History
The dividend of DHT is nicely growing with an annual growth rate of 70.23%!
DHT has paid a dividend for at least 10 years, which is a reliable track record.
DHT has decreased its dividend recently.
Dividend Growth(5Y)70.23%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
DHT pays out 115.62% of its income as dividend. This is not a sustainable payout ratio.
DHT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP115.62%
EPS Next 2Y45%
EPS Next 3Y28.83%
DHT HOLDINGS INC
NYSE:DHT (5/1/2024, 7:04:00 PM)
After market: 11.39 0 (0%)11.39
-0.03 (-0.26%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.84B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.62% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.51 | ||
| Fwd PE | 7.05 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.18
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.82% | ||
| ROE | 15.72% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 34.45% | ||
| PM (TTM) | 28.8% | ||
| GM | 56.99% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.54 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)160.53%
EPS 3Y-16.82%
EPS 5Y
EPS growth Q2Q
EPS Next Y63.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)23.45%
Revenue growth 3Y-6.74%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y