DHT HOLDINGS INC (DHT) Stock Fundamental Analysis
NYSE:DHT - New York Stock Exchange, Inc. - MHY2065G1219 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to DHT. DHT was compared to 213 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 valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make DHT suitable for value and 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.
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 12.25%, DHT belongs to the top of the industry, outperforming 87.79% of the companies in the same industry.
DHT's Return On Equity of 16.90% is fine compared to the rest of the industry. DHT outperforms 75.59% of its industry peers.
DHT has a better Return On Invested Capital (9.15%) than 72.77% 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 23.60%.
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
DHT's Profit Margin of 32.87% is amongst the best of the industry. DHT outperforms 84.04% of its industry peers.
DHT's Profit Margin has improved in the last couple of years.
DHT's Operating Margin of 28.79% is fine compared to the rest of the industry. DHT outperforms 67.61% of its industry peers.
DHT's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 52.85%, DHT is doing good in the industry, outperforming 60.09% of the companies in the same industry.
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
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.
Compared to 5 years ago, DHT has more shares outstanding
DHT has a better debt/assets ratio than last year.
2.2 Solvency
DHT has an Altman-Z score of 3.40. This indicates that DHT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of DHT (3.40) is better than 84.04% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 2.15, DHT belongs to the top of the industry, outperforming 82.16% of the companies in the same industry.
A Debt/Equity ratio of 0.27 indicates that DHT is not too dependend on debt financing.
DHT has a better Debt to Equity ratio (0.27) than 66.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 2.15 | ||
| Altman-Z | 3.4 |
ROIC/WACC0.98
WACC9.34%
2.3 Liquidity
A Current Ratio of 1.59 indicates that DHT should not have too much problems paying its short term obligations.
DHT has a Current ratio of 1.59. This is in the better half of the industry: DHT outperforms 69.48% 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 better Quick ratio (1.59) than 74.18% 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 -6.67% 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.
DHT shows a decrease in Revenue. In the last year, the revenue decreased by -5.51%.
DHT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.33% yearly.
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
The Earnings Per Share is expected to grow by 20.74% on average over the next years. This is a very strong growth
DHT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.46% yearly.
EPS Next Y11.34%
EPS Next 2Y20.72%
EPS Next 3Y20.74%
EPS Next 5YN/A
Revenue Next Year-0.04%
Revenue Next 2Y11.39%
Revenue Next 3Y13.46%
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
The Price/Earnings ratio is 11.61, which indicates a very decent valuation of DHT.
61.03% of the companies in the same industry are more expensive than DHT, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of DHT to the average of the S&P500 Index (26.52), we can say DHT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.97, the valuation of DHT can be described as very cheap.
DHT's Price/Forward Earnings ratio is rather cheap when compared to the industry. DHT is cheaper than 83.57% of the companies in the same industry.
DHT is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.25, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.61 | ||
| Fwd PE | 6.97 |
4.2 Price Multiples
DHT's Enterprise Value to EBITDA is on the same level as the industry average.
DHT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DHT is cheaper than 69.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.81 | ||
| EV/EBITDA | 8.01 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DHT has an outstanding profitability rating, which may justify a higher PE ratio.
DHT's earnings are expected to grow with 20.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.02
PEG (5Y)0.72
EPS Next 2Y20.72%
EPS Next 3Y20.74%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 7.00%, which is a nice return.
DHT's Dividend Yield is a higher than the industry average which is at 6.77.
DHT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7% |
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.
The dividend of DHT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP85.77%
EPS Next 2Y20.72%
EPS Next 3Y20.74%
11.38
-0.19 (-1.64%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners63.25%
Inst Owner Change2.38%
Ins Owners1.06%
Ins Owner ChangeN/A
Market Cap1.83B
Analysts85.71
Price Target14.79 (29.96%)
Short Float %4.85%
Short Ratio3.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7% |
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)-1.56%
PT rev (3m)-1.56%
EPS NQ rev (1m)-3.12%
EPS NQ rev (3m)-2.72%
EPS NY rev (1m)-9.28%
EPS NY rev (3m)-10.31%
Revenue NQ rev (1m)-13.17%
Revenue NQ rev (3m)-14.76%
Revenue NY rev (1m)-7.28%
Revenue NY rev (3m)-8.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.61 | ||
| Fwd PE | 6.97 | ||
| P/S | 3.36 | ||
| P/FCF | 10.81 | ||
| P/OCF | 6.35 | ||
| P/B | 1.73 | ||
| P/tB | 1.73 | ||
| EV/EBITDA | 8.01 |
EPS(TTM)0.98
EY8.61%
EPS(NY)1.63
Fwd EY14.34%
FCF(TTM)1.05
FCFY9.25%
OCF(TTM)1.79
OCFY15.76%
SpS3.38
BVpS6.58
TBVpS6.57
PEG (NY)1.02
PEG (5Y)0.72
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 | 3.4 |
F-Score5
WACC9.34%
ROIC/WACC0.98
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 Y11.34%
EPS Next 2Y20.72%
EPS Next 3Y20.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.51%
Revenue growth 3Y24.56%
Revenue growth 5Y1.33%
Sales Q2Q%-25.39%
Revenue Next Year-0.04%
Revenue Next 2Y11.39%
Revenue Next 3Y13.46%
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%