DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
USA - NYSE:DHT - MHY2065G1219 - Common Stock
12.95 USD
+0.24 (+1.89%)
13.02 USD
+0.07 (+0.54%)
DHT gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. DHT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. DHT has a decent growth rate and is not valued too expensively. This makes DHT very considerable for quality 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.
DHT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 13.31%, DHT belongs to the best of the industry, outperforming 93.81% of the companies in the same industry.
With a decent Return On Equity value of 17.48%, DHT is doing good in the industry, outperforming 77.62% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.63%, DHT is doing good in the industry, outperforming 73.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DHT is significantly below the industry average of 21.76%.
The last Return On Invested Capital (8.63%) for DHT is above the 3 year average (8.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.31% | ||
| ROE | 17.48% | ||
| ROIC | 8.63% |
ROA(3y)9.03%
ROA(5y)8.56%
ROE(3y)12.98%
ROE(5y)12.37%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
DHT's Profit Margin of 36.58% is amongst the best of the industry. DHT outperforms 90.48% of its industry peers.
DHT's Profit Margin has improved in the last couple of years.
DHT has a Operating Margin of 28.28%. This is in the better half of the industry: DHT outperforms 68.57% of its industry peers.
DHT's Operating Margin has improved in the last couple of years.
The Gross Margin of DHT (53.09%) is better than 60.95% of its industry peers.
In the last couple of years the Gross Margin of DHT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.28% | ||
| PM (TTM) | 36.58% | ||
| GM | 53.09% |
OM growth 3YN/A
OM growth 5Y4.25%
PM growth 3YN/A
PM growth 5Y18.16%
GM growth 3Y8.9%
GM growth 5Y1.74%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DHT is creating some value.
Compared to 1 year ago, DHT has less shares outstanding
The number of shares outstanding for DHT has been increased compared to 5 years ago.
Compared to 1 year ago, DHT has an improved debt to assets ratio.
2.2 Solvency
DHT has an Altman-Z score of 4.25. This indicates that DHT is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.25, DHT belongs to the best of the industry, outperforming 87.14% of the companies in the same industry.
DHT has a debt to FCF ratio of 1.66. This is a very positive value and a sign of high solvency as it would only need 1.66 years to pay back of all of its debts.
DHT's Debt to FCF ratio of 1.66 is amongst the best of the industry. DHT outperforms 84.76% of its industry peers.
DHT has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
DHT has a Debt to Equity ratio of 0.23. This is in the better half of the industry: DHT outperforms 67.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | 4.25 |
ROIC/WACC1.01
WACC8.58%
2.3 Liquidity
A Current Ratio of 2.33 indicates that DHT has no problem at all paying its short term obligations.
DHT's Current ratio of 2.33 is fine compared to the rest of the industry. DHT outperforms 79.05% of its industry peers.
DHT has a Quick Ratio of 2.33. This indicates that DHT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.33, DHT belongs to the best of the industry, outperforming 81.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| Quick Ratio | 2.33 |
3. Growth
3.1 Past
The earnings per share for DHT have decreased by -2.06% in the last year.
DHT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.14% yearly.
DHT shows a decrease in Revenue. In the last year, the revenue decreased by -9.22%.
The Revenue has been growing slightly by 1.33% on average over the past years.
EPS 1Y (TTM)-2.06%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%-11.11%
Revenue 1Y (TTM)-9.22%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-10.49%
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 20.78% on average per year.
Based on estimates for the next years, DHT will show a quite strong growth in Revenue. The Revenue will grow by 12.35% on average per year.
EPS Next Y-10.55%
EPS Next 2Y18.66%
EPS Next 3Y20.78%
EPS Next 5YN/A
Revenue Next Year-5.72%
Revenue Next 2Y11.71%
Revenue Next 3Y12.35%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.63, which indicates a correct valuation of DHT.
DHT's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.20. DHT is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 8.21, the valuation of DHT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, DHT is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
DHT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.63 | ||
| Fwd PE | 8.21 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DHT is on the same level as its industry peers.
DHT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DHT is cheaper than 72.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.43 | ||
| EV/EBITDA | 8.83 |
4.3 Compensation for Growth
DHT has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as DHT's earnings are expected to grow with 20.78% in the coming years.
PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y18.66%
EPS Next 3Y20.78%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 6.32%, which is a nice return.
Compared to an average industry Dividend Yield of 6.18, DHT pays a bit more dividend than its industry peers.
DHT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.32% |
5.2 History
The dividend of DHT is nicely growing with an annual growth rate of 38.36%!
DHT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)38.36%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
68.55% of the earnings are spent on dividend by DHT. This is not a sustainable payout ratio.
The dividend of DHT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP68.55%
EPS Next 2Y18.66%
EPS Next 3Y20.78%
12.95
+0.24 (+1.89%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.23%
Inst Owner Change-0.27%
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap2.08B
Analysts85.71
Price Target14.73 (13.75%)
Short Float %2.63%
Short Ratio2.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.32% |
Yearly Dividend1.01
Dividend Growth(5Y)38.36%
DP68.55%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.63%
Min EPS beat(2)-17.29%
Max EPS beat(2)-3.96%
EPS beat(4)2
Avg EPS beat(4)16.41%
Min EPS beat(4)-17.29%
Max EPS beat(4)79.54%
EPS beat(8)2
Avg EPS beat(8)6.2%
EPS beat(12)4
Avg EPS beat(12)53.64%
EPS beat(16)7
Avg EPS beat(16)56.27%
Revenue beat(2)0
Avg Revenue beat(2)-7.05%
Min Revenue beat(2)-11.55%
Max Revenue beat(2)-2.56%
Revenue beat(4)1
Avg Revenue beat(4)-4.44%
Min Revenue beat(4)-11.55%
Max Revenue beat(4)2.84%
Revenue beat(8)1
Avg Revenue beat(8)-3.76%
Revenue beat(12)3
Avg Revenue beat(12)7.54%
Revenue beat(16)7
Avg Revenue beat(16)23.6%
PT rev (1m)1.3%
PT rev (3m)-0.39%
EPS NQ rev (1m)-8.58%
EPS NQ rev (3m)-21.43%
EPS NY rev (1m)-13.15%
EPS NY rev (3m)-19.67%
Revenue NQ rev (1m)-2.81%
Revenue NQ rev (3m)-10.66%
Revenue NY rev (1m)-2.51%
Revenue NY rev (3m)-2.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.63 | ||
| Fwd PE | 8.21 | ||
| P/S | 4 | ||
| P/FCF | 11.43 | ||
| P/OCF | 7.21 | ||
| P/B | 1.91 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | 8.83 |
EPS(TTM)0.95
EY7.34%
EPS(NY)1.58
Fwd EY12.18%
FCF(TTM)1.13
FCFY8.75%
OCF(TTM)1.8
OCFY13.86%
SpS3.24
BVpS6.77
TBVpS6.76
PEG (NY)N/A
PEG (5Y)0.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.31% | ||
| ROE | 17.48% | ||
| ROCE | 10.93% | ||
| ROIC | 8.63% | ||
| ROICexc | 9.2% | ||
| ROICexgc | 9.21% | ||
| OM | 28.28% | ||
| PM (TTM) | 36.58% | ||
| GM | 53.09% | ||
| FCFM | 35% |
ROA(3y)9.03%
ROA(5y)8.56%
ROE(3y)12.98%
ROE(5y)12.37%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.53%
ROICexc(5y)N/A
ROICexgc(3y)8.54%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y10.56%
ROICexc growth 3YN/A
ROICexc growth 5Y10.54%
OM growth 3YN/A
OM growth 5Y4.25%
PM growth 3YN/A
PM growth 5Y18.16%
GM growth 3Y8.9%
GM growth 5Y1.74%
F-Score5
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.66 | ||
| Debt/EBITDA | 0.99 | ||
| Cap/Depr | 97.63% | ||
| Cap/Sales | 20.48% | ||
| Interest Coverage | 5.38 | ||
| Cash Conversion | 112.62% | ||
| Profit Quality | 95.68% | ||
| Current Ratio | 2.33 | ||
| Quick Ratio | 2.33 | ||
| Altman-Z | 4.25 |
F-Score5
WACC8.58%
ROIC/WACC1.01
Cap/Depr(3y)70.9%
Cap/Depr(5y)74.05%
Cap/Sales(3y)14.03%
Cap/Sales(5y)21%
Profit Quality(3y)126.31%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.06%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%-11.11%
EPS Next Y-10.55%
EPS Next 2Y18.66%
EPS Next 3Y20.78%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.22%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-10.49%
Revenue Next Year-5.72%
Revenue Next 2Y11.71%
Revenue Next 3Y12.35%
Revenue Next 5YN/A
EBIT growth 1Y-22.94%
EBIT growth 3YN/A
EBIT growth 5Y5.64%
EBIT Next Year54.96%
EBIT Next 3Y37.77%
EBIT Next 5YN/A
FCF growth 1Y-14.53%
FCF growth 3YN/A
FCF growth 5Y14.56%
OCF growth 1Y15.81%
OCF growth 3Y70.21%
OCF growth 5Y13.87%