DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
USA - NYSE:DHT - MHY2065G1219 - Common Stock
13.23 USD
+0.37 (+2.88%)
13.23 USD
0 (0%)
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 is not valued too expensively and it also shows a decent growth rate. This makes DHT very considerable for quality investing!
1. Profitability
1.1 Basic Checks
DHT had positive earnings in the past year.
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's Return On Assets of 14.30% is amongst the best of the industry. DHT outperforms 94.29% of its industry peers.
DHT's Return On Equity of 18.25% is amongst the best of the industry. DHT outperforms 80.95% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.07%, DHT is in the better half of the industry, outperforming 72.38% of the companies in the same industry.
DHT had an Average Return On Invested Capital over the past 3 years of 8.03%. This is significantly below the industry average of 21.78%.
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 92.86% of its industry peers.
DHT's Profit Margin has improved in the last couple of years.
DHT has a better Operating Margin (28.14%) than 68.10% of its industry peers.
In the last couple of years the Operating Margin of DHT has grown nicely.
DHT has a Gross Margin of 54.06%. This is in the better half of the industry: DHT outperforms 61.90% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), DHT 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.
Compared to 1 year ago, DHT has an improved debt to assets ratio.
2.2 Solvency
DHT has an Altman-Z score of 4.72. 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 4.72, DHT belongs to the top of the industry, outperforming 89.05% of the companies in the same industry.
DHT has a debt to FCF ratio of 1.76. This is a very positive value and a sign of high solvency as it would only need 1.76 years to pay back of all of its debts.
The Debt to FCF ratio of DHT (1.76) is better than 84.76% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that DHT is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.22, DHT is doing good in the industry, outperforming 68.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.76 | ||
| Altman-Z | 4.72 |
ROIC/WACC0.96
WACC8.41%
2.3 Liquidity
DHT has a Current Ratio of 2.41. This indicates that DHT is financially healthy and has no problem in meeting its short term obligations.
DHT has a better Current ratio (2.41) than 79.05% of its industry peers.
DHT has a Quick Ratio of 2.41. This indicates that DHT is financially healthy and has no problem in meeting its short term obligations.
DHT has a better Quick ratio (2.41) than 80.95% 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%.
DHT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.14% yearly.
Looking at the last year, DHT shows a very negative growth in Revenue. The Revenue has decreased by -16.81% in the last year.
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 a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.47% yearly.
The Revenue is expected to grow by 13.05% on average over the next years. This is quite good.
EPS Next Y-10.53%
EPS Next 2Y21.61%
EPS Next 3Y21.47%
EPS Next 5YN/A
Revenue Next Year-6.85%
Revenue Next 2Y13.75%
Revenue Next 3Y13.05%
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 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
With a Price/Earnings ratio of 14.54, DHT is valued correctly.
DHT's Price/Earnings is on the same level as the industry average.
DHT is valuated rather cheaply when we compare the Price/Earnings ratio to 26.13, which is the current average of the S&P500 Index.
DHT is valuated cheaply with a Price/Forward Earnings ratio of 7.99.
DHT's Price/Forward Earnings ratio is rather cheap when compared to the industry. DHT is cheaper than 85.24% of the companies in the same industry.
DHT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.54 | ||
| Fwd PE | 7.99 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as DHT.
Based on the Price/Free Cash Flow ratio, DHT is valued a bit cheaper than the industry average as 65.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.98 | ||
| EV/EBITDA | 9.26 |
4.3 Compensation for Growth
DHT has an outstanding profitability rating, which may justify a higher PE ratio.
DHT's earnings are expected to grow with 21.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.9
EPS Next 2Y21.61%
EPS Next 3Y21.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.75%, DHT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.83, DHT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, DHT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
5.2 History
On average, the dividend of DHT grows each year by 38.36%, which is quite nice.
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
DHT pays out 62.76% of its income as dividend. 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 2Y21.61%
EPS Next 3Y21.47%
13.23
+0.37 (+2.88%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.38%
Inst Owner Change-0.86%
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap2.13B
Revenue(TTM)485.63M
Net Income(TTM)199.96M
Analysts85.71
Price Target14.88 (12.47%)
Short Float %3.05%
Short Ratio2.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
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)0.99%
PT rev (3m)1.9%
EPS NQ rev (1m)1.33%
EPS NQ rev (3m)-17.13%
EPS NY rev (1m)-0.22%
EPS NY rev (3m)-10.23%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)-10.78%
Revenue NY rev (1m)0.3%
Revenue NY rev (3m)-2.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.54 | ||
| Fwd PE | 7.99 | ||
| P/S | 4.38 | ||
| P/FCF | 13.98 | ||
| P/OCF | 7.89 | ||
| P/B | 1.94 | ||
| P/tB | 1.94 | ||
| EV/EBITDA | 9.26 |
EPS(TTM)0.91
EY6.88%
EPS(NY)1.66
Fwd EY12.52%
FCF(TTM)0.95
FCFY7.15%
OCF(TTM)1.68
OCFY12.67%
SpS3.02
BVpS6.81
TBVpS6.81
PEG (NY)N/A
PEG (5Y)0.9
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 | 4.72 |
F-Score5
WACC8.41%
ROIC/WACC0.96
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-10.53%
EPS Next 2Y21.61%
EPS Next 3Y21.47%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.81%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-14.61%
Revenue Next Year-6.85%
Revenue Next 2Y13.75%
Revenue Next 3Y13.05%
Revenue Next 5YN/A
EBIT growth 1Y-29.62%
EBIT growth 3YN/A
EBIT growth 5Y5.64%
EBIT Next Year53.1%
EBIT Next 3Y35.1%
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 14.54 and the Price/Book (PB) ratio is 1.94.
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%.