DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
NYSE:DHT - New York Stock Exchange, Inc. - MHY2065G1219 - Common Stock - Currency: USD
DHT gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making DHT a very profitable company, without any liquidiy or solvency issues. DHT may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make DHT a good candidate 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.
Of the past 5 years DHT 4 years were profitable.
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 87.79% of its industry peers.
The Return On Equity of DHT (16.90%) is better than 75.59% of its industry peers.
DHT has a Return On Invested Capital of 9.15%. This is in the better half of the industry: DHT outperforms 72.77% 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 23.54%.
The 3 year average ROIC (8.03%) for DHT is below the current ROIC(9.15%), indicating increased profibility in the last year.
| 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
The Profit Margin of DHT (32.87%) is better than 85.45% of its industry peers.
In the last couple of years the Profit Margin of DHT has grown nicely.
DHT has a better Operating Margin (28.79%) than 68.54% 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 60.09% of its industry peers.
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
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
An Altman-Z score of 3.30 indicates that DHT is not in any danger for bankruptcy at the moment.
The Altman-Z score of DHT (3.30) is better than 84.04% 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 82.16% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that DHT is not too dependend on debt financing.
DHT has a Debt to Equity ratio of 0.27. This is in the better half of the industry: DHT outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 2.15 | ||
| Altman-Z | 3.3 |
ROIC/WACC1.05
WACC8.69%
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 has a better Current ratio (1.59) than 69.95% of its industry peers.
A Quick Ratio of 1.59 indicates that DHT should not have too much problems paying 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 74.18% 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%.
The Revenue has been growing slightly by 1.33% on average over the past years.
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
DHT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.31% yearly.
The Revenue is expected to grow by 13.74% on average over the next years. This is quite good.
EPS Next Y-0.23%
EPS Next 2Y17.59%
EPS Next 3Y24.31%
EPS Next 5YN/A
Revenue Next Year-2.95%
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.
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 reasonably with a Price/Earnings ratio of 11.27.
DHT's Price/Earnings ratio is a bit cheaper when compared to the industry. DHT is cheaper than 66.20% of the companies in the same industry.
DHT is valuated cheaply when we compare the Price/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 7.13, which indicates a rather cheap valuation of DHT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DHT indicates a rather cheap valuation: DHT is cheaper than 82.63% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, DHT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.27 | ||
| Fwd PE | 7.13 |
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 71.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.49 | ||
| EV/EBITDA | 7.76 |
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 24.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.7
EPS Next 2Y17.59%
EPS Next 3Y24.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.76%, DHT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.42, DHT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, DHT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.76% |
5.2 History
On average, the dividend of DHT grows each year by 38.36%, which is quite nice.
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 2Y17.59%
EPS Next 3Y24.31%
11.04
-0.11 (-0.99%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.05%
Inst Owner Change2.45%
Ins Owners1.28%
Ins Owner ChangeN/A
Market Cap1.77B
Analysts85.71
Price Target14.79 (33.97%)
Short Float %2.91%
Short Ratio2.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.76% |
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)3.65%
PT rev (3m)2.03%
EPS NQ rev (1m)-12.67%
EPS NQ rev (3m)-15.39%
EPS NY rev (1m)-10.4%
EPS NY rev (3m)-19.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.17%
Revenue NY rev (1m)-2.92%
Revenue NY rev (3m)-10.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.27 | ||
| Fwd PE | 7.13 | ||
| P/S | 3.26 | ||
| P/FCF | 10.49 | ||
| P/OCF | 6.16 | ||
| P/B | 1.68 | ||
| P/tB | 1.68 | ||
| EV/EBITDA | 7.76 |
EPS(TTM)0.98
EY8.88%
EPS(NY)1.55
Fwd EY14.03%
FCF(TTM)1.05
FCFY9.53%
OCF(TTM)1.79
OCFY16.24%
SpS3.38
BVpS6.58
TBVpS6.57
PEG (NY)N/A
PEG (5Y)0.7
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 | 3.3 |
F-Score5
WACC8.69%
ROIC/WACC1.05
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 Y-0.23%
EPS Next 2Y17.59%
EPS Next 3Y24.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-25.39%
Revenue Next Year-2.95%
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%