DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:DHT - MHY2065G1219 - Common Stock
12.23 USD
-0.22 (-1.77%)
12.23 USD
0 (0%)
Overall DHT gets a fundamental rating of 7 out of 10. We evaluated DHT 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 correct valuation and a medium growth rate. With these ratings, DHT could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year DHT was profitable.
In the past year DHT had a positive cash flow from operations.
Of the past 5 years DHT 4 years were profitable.
Each year in the past 5 years DHT had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 14.30%, DHT belongs to the top of the industry, outperforming 93.84% of the companies in the same industry.
DHT has a better Return On Equity (18.25%) than 85.31% of its industry peers.
DHT has a better Return On Invested Capital (8.07%) than 75.36% of its industry peers.
DHT had an Average Return On Invested Capital over the past 3 years of 8.03%. This is significantly below the industry average of 21.00%.
The 3 year average ROIC (8.03%) for DHT is below the current ROIC(8.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.3% | ||
| ROE | 18.25% | ||
| ROIC | 8.07% |
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 41.18% is amongst the best of the industry. DHT outperforms 93.36% of its industry peers.
DHT's Profit Margin has improved in the last couple of years.
DHT's Operating Margin of 28.14% is fine compared to the rest of the industry. DHT outperforms 70.14% of its industry peers.
DHT's Operating Margin has improved in the last couple of years.
The Gross Margin of DHT (54.06%) is better than 62.56% of its industry peers.
DHT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.14% | ||
| PM (TTM) | 41.18% | ||
| GM | 54.06% |
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
DHT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
DHT has less shares outstanding than it did 1 year ago.
The number of shares outstanding for DHT has been increased compared to 5 years ago.
DHT has a better debt/assets ratio than last year.
2.2 Solvency
DHT has an Altman-Z score of 4.51. This indicates that DHT is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.51, DHT belongs to the top of the industry, outperforming 90.05% of the companies in the same industry.
The Debt to FCF ratio of DHT is 1.76, which is an excellent value as it means it would take DHT, only 1.76 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.76, DHT belongs to the best of the industry, outperforming 85.78% of the companies in the same industry.
A Debt/Equity ratio of 0.22 indicates that DHT is not too dependend on debt financing.
DHT's Debt to Equity ratio of 0.22 is fine compared to the rest of the industry. DHT outperforms 71.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.76 | ||
| Altman-Z | 4.51 |
ROIC/WACC0.94
WACC8.56%
2.3 Liquidity
A Current Ratio of 2.41 indicates that DHT has no problem at all paying its short term obligations.
DHT has a better Current ratio (2.41) than 81.52% of its industry peers.
A Quick Ratio of 2.41 indicates that DHT has no problem at all paying its short term obligations.
The Quick ratio of DHT (2.41) is better than 83.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.41 | ||
| Quick Ratio | 2.41 |
3. Growth
3.1 Past
DHT shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.30%.
The Earnings Per Share has been growing by 16.14% on average over the past years. This is quite good.
The Revenue for DHT has decreased by -16.81% in the past year. This is quite bad
The Revenue has been growing slightly by 1.33% on average over the past years.
EPS 1Y (TTM)-9.3%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%-19.55%
Revenue 1Y (TTM)-16.81%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-14.61%
3.2 Future
DHT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.69% yearly.
The Revenue is expected to grow by 11.05% on average over the next years. This is quite good.
EPS Next Y-13.44%
EPS Next 2Y22.99%
EPS Next 3Y14.69%
EPS Next 5YN/A
Revenue Next Year-7.17%
Revenue Next 2Y14.47%
Revenue Next 3Y11.05%
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 stable.
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
DHT is valuated correctly with a Price/Earnings ratio of 13.44.
DHT's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of DHT to the average of the S&P500 Index (26.38), we can say DHT is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 7.22, 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 88.15% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.83. DHT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| Fwd PE | 7.22 |
4.2 Price Multiples
DHT's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, DHT is valued a bit cheaper than the industry average as 65.88% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.92 | ||
| EV/EBITDA | 8.84 |
4.3 Compensation for Growth
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 14.69% in the coming years.
PEG (NY)N/A
PEG (5Y)0.83
EPS Next 2Y22.99%
EPS Next 3Y14.69%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 5.94%, which is a nice return.
DHT's Dividend Yield is a higher than the industry average which is at 3.90.
DHT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.94% |
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
62.76% 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.
DP62.76%
EPS Next 2Y22.99%
EPS Next 3Y14.69%
12.23
-0.22 (-1.77%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.68%
Inst Owner Change1.34%
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap1.97B
Revenue(TTM)485.63M
Net Income(TTM)199.96M
Analysts85.71
Price Target15.69 (28.29%)
Short Float %1.66%
Short Ratio1.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.94% |
Yearly Dividend1.01
Dividend Growth(5Y)38.36%
DP62.76%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.71%
Min EPS beat(2)-15.46%
Max EPS beat(2)-3.96%
EPS beat(4)1
Avg EPS beat(4)10.71%
Min EPS beat(4)-17.29%
Max EPS beat(4)79.54%
EPS beat(8)2
Avg EPS beat(8)5.11%
EPS beat(12)3
Avg EPS beat(12)2.77%
EPS beat(16)7
Avg EPS beat(16)56%
Revenue beat(2)0
Avg Revenue beat(2)-4.86%
Min Revenue beat(2)-7.15%
Max Revenue beat(2)-2.56%
Revenue beat(4)0
Avg Revenue beat(4)-6.94%
Min Revenue beat(4)-11.55%
Max Revenue beat(4)-2.56%
Revenue beat(8)1
Avg Revenue beat(8)-4.5%
Revenue beat(12)2
Avg Revenue beat(12)0.27%
Revenue beat(16)6
Avg Revenue beat(16)20.51%
PT rev (1m)5.48%
PT rev (3m)6.53%
EPS NQ rev (1m)0.44%
EPS NQ rev (3m)-4.53%
EPS NY rev (1m)-3.25%
EPS NY rev (3m)-3.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-1.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.44 | ||
| Fwd PE | 7.22 | ||
| P/S | 4.05 | ||
| P/FCF | 12.92 | ||
| P/OCF | 7.3 | ||
| P/B | 1.79 | ||
| P/tB | 1.8 | ||
| EV/EBITDA | 8.84 |
EPS(TTM)0.91
EY7.44%
EPS(NY)1.69
Fwd EY13.85%
FCF(TTM)0.95
FCFY7.74%
OCF(TTM)1.68
OCFY13.7%
SpS3.02
BVpS6.81
TBVpS6.81
PEG (NY)N/A
PEG (5Y)0.83
Graham Number11.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.3% | ||
| ROE | 18.25% | ||
| ROCE | 10.22% | ||
| ROIC | 8.07% | ||
| ROICexc | 8.6% | ||
| ROICexgc | 8.6% | ||
| OM | 28.14% | ||
| PM (TTM) | 41.18% | ||
| GM | 54.06% | ||
| FCFM | 31.34% |
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.76 | ||
| Debt/EBITDA | 0.97 | ||
| Cap/Depr | 109.59% | ||
| Cap/Sales | 24.15% | ||
| Interest Coverage | 5.6 | ||
| Cash Conversion | 110.6% | ||
| Profit Quality | 76.12% | ||
| Current Ratio | 2.41 | ||
| Quick Ratio | 2.41 | ||
| Altman-Z | 4.51 |
F-Score5
WACC8.56%
ROIC/WACC0.94
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)-9.3%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%-19.55%
EPS Next Y-13.44%
EPS Next 2Y22.99%
EPS Next 3Y14.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.81%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-14.61%
Revenue Next Year-7.17%
Revenue Next 2Y14.47%
Revenue Next 3Y11.05%
Revenue Next 5YN/A
EBIT growth 1Y-29.62%
EBIT growth 3YN/A
EBIT growth 5Y5.64%
EBIT Next Year47.57%
EBIT Next 3Y30.1%
EBIT Next 5YN/A
FCF growth 1Y-11.82%
FCF growth 3YN/A
FCF growth 5Y14.56%
OCF growth 1Y-10%
OCF growth 3Y70.21%
OCF growth 5Y13.87%
DHT HOLDINGS INC / DHT FAQ
Can you provide the ChartMill fundamental rating for DHT HOLDINGS INC?
ChartMill assigns a fundamental rating of 7 / 10 to DHT.
What is the valuation status for DHT stock?
ChartMill assigns a valuation rating of 6 / 10 to DHT HOLDINGS INC (DHT). This can be considered as Fairly Valued.
What is the profitability of DHT stock?
DHT HOLDINGS INC (DHT) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for DHT stock?
The Price/Earnings (PE) ratio for DHT HOLDINGS INC (DHT) is 13.44 and the Price/Book (PB) ratio is 1.79.
Is the dividend of DHT HOLDINGS INC sustainable?
The dividend rating of DHT HOLDINGS INC (DHT) is 6 / 10 and the dividend payout ratio is 62.76%.