DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
NYSE:DHT - New York Stock Exchange, Inc. - MHY2065G1219 - Common Stock - Currency: USD
Overall DHT gets a fundamental rating of 7 out of 10. We evaluated DHT against 208 industry peers in the Oil, Gas & Consumable Fuels industry. DHT has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. DHT may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, DHT could be worth investigating further for value and 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
DHT has a Return On Assets of 12.25%. This is amongst the best in the industry. DHT outperforms 87.50% of its industry peers.
DHT has a Return On Equity of 16.90%. This is in the better half of the industry: DHT outperforms 75.96% of its industry peers.
The Return On Invested Capital of DHT (9.15%) is better than 74.04% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DHT is significantly below the industry average of 23.86%.
The last Return On Invested Capital (9.15%) for DHT is above the 3 year average (8.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.25% | ||
| ROE | 16.9% | ||
| ROIC | 9.15% |
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 has a Profit Margin of 32.87%. This is amongst the best in the industry. DHT outperforms 85.10% of its industry peers.
In the last couple of years the Profit Margin of DHT has grown nicely.
The Operating Margin of DHT (28.79%) is better than 68.75% of its industry peers.
In the last couple of years the Operating Margin of DHT has grown nicely.
Looking at the Gross Margin, with a value of 52.85%, DHT is in the better half of the industry, outperforming 61.06% of the companies in the same industry.
In the last couple of years the Gross Margin of DHT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.79% | ||
| PM (TTM) | 32.87% | ||
| GM | 52.85% |
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.
The number of shares outstanding for DHT has been reduced compared to 1 year ago.
Compared to 5 years ago, DHT has more shares outstanding
Compared to 1 year ago, DHT has an improved debt to assets ratio.
2.2 Solvency
DHT has an Altman-Z score of 3.28. This indicates that DHT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of DHT (3.28) is better than 84.62% of its industry peers.
The Debt to FCF ratio of DHT is 2.15, which is a good value as it means it would take DHT, 2.15 years of fcf income to pay off all of its debts.
DHT has a better Debt to FCF ratio (2.15) than 81.73% of its industry peers.
DHT has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
DHT has a Debt to Equity ratio of 0.27. This is in the better half of the industry: DHT outperforms 67.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 2.15 | ||
| Altman-Z | 3.28 |
ROIC/WACC1.04
WACC8.81%
2.3 Liquidity
A Current Ratio of 1.59 indicates that DHT should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.59, DHT is in the better half of the industry, outperforming 69.71% of the companies in the same industry.
DHT has a Quick Ratio of 1.59. This is a normal value and indicates that DHT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.59, DHT is in the better half of the industry, outperforming 74.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.59 |
3. Growth
3.1 Past
DHT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.67%.
Measured over the past years, DHT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.14% on average per year.
DHT shows a decrease in Revenue. In the last year, the revenue decreased by -5.51%.
DHT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.33% yearly.
EPS 1Y (TTM)-6.67%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%-48.28%
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-25.39%
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 24.57% 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 13.74% on average per year.
EPS Next Y2.99%
EPS Next 2Y17.8%
EPS Next 3Y24.57%
EPS Next 5YN/A
Revenue Next Year-1.28%
Revenue Next 2Y10.83%
Revenue Next 3Y13.74%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
DHT is valuated reasonably with a Price/Earnings ratio of 11.42.
Based on the Price/Earnings ratio, DHT is valued a bit cheaper than 68.27% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.82, DHT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.20, 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 83.17% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 36.21. DHT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.42 | ||
| Fwd PE | 7.2 |
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.
Based on the Price/Free Cash Flow ratio, DHT is valued a bit cheaper than 73.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.63 | ||
| EV/EBITDA | 7.72 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DHT does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of DHT may justify a higher PE ratio.
A more expensive valuation may be justified as DHT's earnings are expected to grow with 24.57% in the coming years.
PEG (NY)3.81
PEG (5Y)0.71
EPS Next 2Y17.8%
EPS Next 3Y24.57%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 7.30%, which is a nice return.
Compared to an average industry Dividend Yield of 6.33, 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 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.3% |
5.2 History
The dividend of DHT is nicely growing with an annual growth rate of 38.36%!
DHT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)38.36%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
85.77% of the earnings are spent on dividend by DHT. This is not a sustainable payout ratio.
DHT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP85.77%
EPS Next 2Y17.8%
EPS Next 3Y24.57%
11.19
+0.1 (+0.9%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.05%
Inst Owner Change0.09%
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap1.80B
Analysts85.71
Price Target14.6 (30.47%)
Short Float %2.4%
Short Ratio2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.3% |
Yearly Dividend1.01
Dividend Growth(5Y)38.36%
DP85.77%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)31.12%
Min EPS beat(2)-17.29%
Max EPS beat(2)79.54%
EPS beat(4)2
Avg EPS beat(4)16.62%
Min EPS beat(4)-17.29%
Max EPS beat(4)79.54%
EPS beat(8)2
Avg EPS beat(8)5.92%
EPS beat(12)5
Avg EPS beat(12)69.35%
EPS beat(16)8
Avg EPS beat(16)57.46%
Revenue beat(2)0
Avg Revenue beat(2)-9.03%
Min Revenue beat(2)-11.55%
Max Revenue beat(2)-6.51%
Revenue beat(4)1
Avg Revenue beat(4)-4%
Min Revenue beat(4)-11.55%
Max Revenue beat(4)2.84%
Revenue beat(8)1
Avg Revenue beat(8)-3.5%
Revenue beat(12)4
Avg Revenue beat(12)16.41%
Revenue beat(16)8
Avg Revenue beat(16)25.62%
PT rev (1m)-1.28%
PT rev (3m)0.73%
EPS NQ rev (1m)-1.12%
EPS NQ rev (3m)-16.34%
EPS NY rev (1m)3.23%
EPS NY rev (3m)-16.08%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)-13.52%
Revenue NY rev (1m)1.73%
Revenue NY rev (3m)-8.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.42 | ||
| Fwd PE | 7.2 | ||
| P/S | 3.31 | ||
| P/FCF | 10.63 | ||
| P/OCF | 6.24 | ||
| P/B | 1.7 | ||
| P/tB | 1.7 | ||
| EV/EBITDA | 7.72 |
EPS(TTM)0.98
EY8.76%
EPS(NY)1.55
Fwd EY13.89%
FCF(TTM)1.05
FCFY9.41%
OCF(TTM)1.79
OCFY16.02%
SpS3.38
BVpS6.58
TBVpS6.57
PEG (NY)3.81
PEG (5Y)0.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.25% | ||
| ROE | 16.9% | ||
| ROCE | 11.59% | ||
| ROIC | 9.15% | ||
| ROICexc | 9.73% | ||
| ROICexgc | 9.74% | ||
| OM | 28.79% | ||
| PM (TTM) | 32.87% | ||
| GM | 52.85% | ||
| FCFM | 31.11% |
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 Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 2.15 | ||
| Debt/EBITDA | 1.07 | ||
| Cap/Depr | 107.27% | ||
| Cap/Sales | 21.9% | ||
| Interest Coverage | 5.31 | ||
| Cash Conversion | 107.74% | ||
| Profit Quality | 94.64% | ||
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.59 | ||
| Altman-Z | 3.28 |
F-Score5
WACC8.81%
ROIC/WACC1.04
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)-6.67%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%-48.28%
EPS Next Y2.99%
EPS Next 2Y17.8%
EPS Next 3Y24.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-25.39%
Revenue Next Year-1.28%
Revenue Next 2Y10.83%
Revenue Next 3Y13.74%
Revenue Next 5YN/A
EBIT growth 1Y-22.7%
EBIT growth 3YN/A
EBIT growth 5Y5.64%
EBIT Next Year56.95%
EBIT Next 3Y36.95%
EBIT Next 5YN/A
FCF growth 1Y1.83%
FCF growth 3YN/A
FCF growth 5Y14.56%
OCF growth 1Y52.62%
OCF growth 3Y70.21%
OCF growth 5Y13.87%