DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
NYSE:DHT - MHY2065G1219 - Common Stock
11.63 USD
+0.2 (+1.75%)
11.63 USD
0 (0%)
DHT gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 208 industry peers in the Oil, Gas & Consumable Fuels industry. DHT gets an excellent profitability rating and is at the same time showing great financial health properties. DHT scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes DHT very considerable 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
The Return On Assets of DHT (12.25%) is better than 89.00% of its industry peers.
With a decent Return On Equity value of 16.90%, DHT is doing good in the industry, outperforming 76.08% of the companies in the same industry.
DHT has a better Return On Invested Capital (9.15%) than 76.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DHT is significantly below the industry average of 23.53%.
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
With an excellent Profit Margin value of 32.87%, DHT belongs to the best of the industry, outperforming 85.65% of the companies in the same industry.
In the last couple of years the Profit Margin of DHT has grown nicely.
DHT's Operating Margin of 28.79% is fine compared to the rest of the industry. DHT outperforms 68.42% of its industry peers.
DHT's Operating Margin has improved in the last couple of years.
The Gross Margin of DHT (52.85%) is better than 61.24% of its industry peers.
DHT's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DHT is still creating some value.
Compared to 1 year ago, DHT has less shares outstanding
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 3.37. This indicates that DHT is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.37, DHT belongs to the best of the industry, outperforming 86.60% of the companies in the same industry.
DHT has a debt to FCF ratio of 2.15. This is a good value and a sign of high solvency as DHT would need 2.15 years to pay back of all of its debts.
DHT's Debt to FCF ratio of 2.15 is amongst the best of the industry. DHT outperforms 80.86% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that DHT is not too dependend on debt financing.
The Debt to Equity ratio of DHT (0.27) is better than 67.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 2.15 | ||
| Altman-Z | 3.37 |
ROIC/WACC1.03
WACC8.9%
2.3 Liquidity
DHT has a Current 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.
DHT's Current ratio of 1.59 is fine compared to the rest of the industry. DHT outperforms 68.90% of its industry peers.
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.
DHT has a Quick ratio of 1.59. This is in the better half of the industry: DHT outperforms 73.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.59 | ||
| Quick Ratio | 1.59 |
3. Growth
3.1 Past
The earnings per share for DHT have decreased by -2.06% in the last year.
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.
The Revenue has been growing slightly by 2.00% in the past year.
DHT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.33% yearly.
EPS 1Y (TTM)-2.06%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%-11.11%
Revenue 1Y (TTM)2%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-10.49%
3.2 Future
DHT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.57% yearly.
The Revenue is expected to grow by 14.13% on average over the next years. This is quite good.
EPS Next Y2.99%
EPS Next 2Y17.8%
EPS Next 3Y24.57%
EPS Next 5YN/A
Revenue Next Year-3.29%
Revenue Next 2Y11.02%
Revenue Next 3Y14.13%
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.
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
With a Price/Earnings ratio of 12.24, DHT is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of DHT indicates a somewhat cheap valuation: DHT is cheaper than 63.64% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of DHT to the average of the S&P500 Index (27.24), we can say DHT is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.48, the valuation of DHT can be described as very cheap.
Based on the Price/Forward Earnings ratio, DHT is valued cheaper than 80.38% of the companies in the same industry.
DHT is valuated cheaply when we compare the Price/Forward Earnings ratio to 35.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 7.48 |
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 72.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.05 | ||
| EV/EBITDA | 7.93 |
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.
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 24.57% in the coming years.
PEG (NY)4.09
PEG (5Y)0.76
EPS Next 2Y17.8%
EPS Next 3Y24.57%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 6.82%, which is a nice return.
Compared to an average industry Dividend Yield of 6.34, DHT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, DHT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.82% |
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
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%
11.63
+0.2 (+1.75%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.23%
Inst Owner Change-0.29%
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap1.87B
Analysts85.71
Price Target14.73 (26.66%)
Short Float %1.97%
Short Ratio1.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.82% |
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)-1.68%
PT rev (3m)1.92%
EPS NQ rev (1m)-3.35%
EPS NQ rev (3m)-11.32%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.5%
Revenue NQ rev (1m)-1.31%
Revenue NQ rev (3m)-4.69%
Revenue NY rev (1m)-2.04%
Revenue NY rev (3m)-3.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 7.48 | ||
| P/S | 3.44 | ||
| P/FCF | 11.05 | ||
| P/OCF | 6.49 | ||
| P/B | 1.77 | ||
| P/tB | 1.77 | ||
| EV/EBITDA | 7.93 |
EPS(TTM)0.95
EY8.17%
EPS(NY)1.55
Fwd EY13.36%
FCF(TTM)1.05
FCFY9.05%
OCF(TTM)1.79
OCFY15.42%
SpS3.38
BVpS6.58
TBVpS6.57
PEG (NY)4.09
PEG (5Y)0.76
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 | 3.37 |
F-Score5
WACC8.9%
ROIC/WACC1.03
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 Y2.99%
EPS Next 2Y17.8%
EPS Next 3Y24.57%
EPS Next 5YN/A
Revenue 1Y (TTM)2%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-10.49%
Revenue Next Year-3.29%
Revenue Next 2Y11.02%
Revenue Next 3Y14.13%
Revenue Next 5YN/A
EBIT growth 1Y-22.7%
EBIT growth 3YN/A
EBIT growth 5Y5.64%
EBIT Next Year54.96%
EBIT Next 3Y37.77%
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%