DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
USA - NYSE:DHT - MHY2065G1219 - Common Stock
11.38 USD
-0.03 (-0.26%)
11.38 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to DHT. DHT was compared to 211 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 is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, DHT could be worth investigating further for value and quality investing!.
1. Profitability
1.1 Basic Checks
DHT had positive earnings in the past year.
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
DHT's Return On Assets of 13.31% is amongst the best of the industry. DHT outperforms 93.84% of its industry peers.
With a decent Return On Equity value of 17.48%, DHT is doing good in the industry, outperforming 78.67% 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 74.88% 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 21.53%.
The 3 year average ROIC (8.03%) for DHT is below the current ROIC(8.63%), indicating increased profibility in the last year.
| 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 91.47% of its industry peers.
DHT's Profit Margin has improved in the last couple of years.
DHT's Operating Margin of 28.28% is fine compared to the rest of the industry. DHT outperforms 69.19% of its industry peers.
DHT's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 53.09%, DHT is doing good in the industry, outperforming 61.14% of the companies in the same industry.
DHT's Gross Margin has improved in the last couple of years.
| 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
DHT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for DHT has been reduced compared to 1 year ago.
The number of shares outstanding for DHT has been increased compared to 5 years ago.
The debt/assets ratio for DHT has been reduced compared to a year ago.
2.2 Solvency
DHT has an Altman-Z score of 3.89. This indicates that DHT is financially healthy and has little risk of bankruptcy at the moment.
DHT's Altman-Z score of 3.89 is amongst the best of the industry. DHT outperforms 84.83% of its industry peers.
The Debt to FCF ratio of DHT is 1.66, which is an excellent value as it means it would take DHT, only 1.66 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DHT (1.66) is better than 84.83% 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 better Debt to Equity ratio (0.23) than 66.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.66 | ||
| Altman-Z | 3.89 |
ROIC/WACC1.01
WACC8.57%
2.3 Liquidity
A Current Ratio of 2.33 indicates that DHT has no problem at all paying its short term obligations.
DHT has a better Current ratio (2.33) than 78.67% of its industry peers.
A Quick Ratio of 2.33 indicates that DHT has no problem at all paying its short term obligations.
DHT has a better Quick ratio (2.33) than 81.04% of its industry peers.
| 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.
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.
Looking at the last year, DHT shows a decrease in Revenue. The Revenue has decreased by -9.22% in the last year.
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
The Earnings Per Share is expected to grow by 21.34% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 12.63% on average over the next years. This is quite good.
EPS Next Y-7.35%
EPS Next 2Y19.16%
EPS Next 3Y21.34%
EPS Next 5YN/A
Revenue Next Year-6.11%
Revenue Next 2Y11.89%
Revenue Next 3Y12.63%
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 11.98, which indicates a very decent valuation of DHT.
Compared to the rest of the industry, the Price/Earnings ratio of DHT indicates a somewhat cheap valuation: DHT is cheaper than 61.61% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.02, DHT is valued rather cheaply.
A Price/Forward Earnings ratio of 7.16 indicates a rather cheap valuation of DHT.
Based on the Price/Forward Earnings ratio, DHT is valued cheaply inside the industry as 84.83% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.57, DHT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.98 | ||
| Fwd PE | 7.16 |
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 73.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.05 | ||
| EV/EBITDA | 8.02 |
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 21.34% in the coming years.
PEG (NY)N/A
PEG (5Y)0.74
EPS Next 2Y19.16%
EPS Next 3Y21.34%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 6.64%, which is a nice return.
Compared to an average industry Dividend Yield of 6.15, 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 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.64% |
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
68.55% 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.
DP68.55%
EPS Next 2Y19.16%
EPS Next 3Y21.34%
11.38
-0.03 (-0.26%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.38%
Inst Owner Change-0.01%
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap1.83B
Analysts85.71
Price Target14.88 (30.76%)
Short Float %3.19%
Short Ratio2.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.64% |
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)0.99%
PT rev (3m)0.59%
EPS NQ rev (1m)-4.02%
EPS NQ rev (3m)-24.15%
EPS NY rev (1m)3.58%
EPS NY rev (3m)-10.04%
Revenue NQ rev (1m)-1.79%
Revenue NQ rev (3m)-12.26%
Revenue NY rev (1m)-0.42%
Revenue NY rev (3m)-4.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.98 | ||
| Fwd PE | 7.16 | ||
| P/S | 3.52 | ||
| P/FCF | 10.05 | ||
| P/OCF | 6.34 | ||
| P/B | 1.68 | ||
| P/tB | 1.68 | ||
| EV/EBITDA | 8.02 |
EPS(TTM)0.95
EY8.35%
EPS(NY)1.59
Fwd EY13.97%
FCF(TTM)1.13
FCFY9.95%
OCF(TTM)1.8
OCFY15.78%
SpS3.24
BVpS6.77
TBVpS6.76
PEG (NY)N/A
PEG (5Y)0.74
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 | 3.89 |
F-Score5
WACC8.57%
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-7.35%
EPS Next 2Y19.16%
EPS Next 3Y21.34%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.22%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-10.49%
Revenue Next Year-6.11%
Revenue Next 2Y11.89%
Revenue Next 3Y12.63%
Revenue Next 5YN/A
EBIT growth 1Y-22.94%
EBIT growth 3YN/A
EBIT growth 5Y5.64%
EBIT Next Year53.1%
EBIT Next 3Y35.1%
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%