DHT HOLDINGS INC (DHT)
MHY2065G1219 - Common Stock
Overall DHT gets a fundamental rating of 7 out of 10. We evaluated DHT against 214 industry peers in the Oil, Gas & Consumable Fuels industry. DHT is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. DHT is evaluated to be cheap and growing strongly. This does not happen too often! This makes DHT very considerable for value and growth 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
With a decent Return On Assets value of 10.82%, DHT is doing good in the industry, outperforming 67.14% of the companies in the same industry.
DHT's Return On Equity of 15.72% is in line compared to the rest of the industry. DHT outperforms 50.23% of its industry peers.
With a decent Return On Invested Capital value of 10.63%, DHT is doing good in the industry, outperforming 60.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.82% | ||
| ROE | 15.72% | ||
| ROIC | 10.63% |
ROA(3y)4.73%
ROA(5y)6.93%
ROE(3y)6.79%
ROE(5y)10.46%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 28.80%, DHT is doing good in the industry, outperforming 69.01% of the companies in the same industry.
In the last couple of years the Profit Margin of DHT has declined.
DHT's Operating Margin of 34.45% is fine compared to the rest of the industry. DHT outperforms 63.85% of its industry peers.
DHT's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 56.99%, DHT is doing good in the industry, outperforming 61.50% 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 | 34.45% | ||
| PM (TTM) | 28.8% | ||
| GM | 56.99% |
OM growth 3Y-9.97%
OM growth 5Y45.73%
PM growth 3Y-9.27%
PM growth 5YN/A
GM growth 3Y-5.61%
GM growth 5Y9.15%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DHT is creating some value.
Compared to 1 year ago, DHT has less shares outstanding
Compared to 5 years ago, DHT has more shares outstanding
The debt/assets ratio for DHT is higher compared to a year ago.
2.2 Solvency
DHT has an Altman-Z score of 3.12. This indicates that DHT is financially healthy and has little risk of bankruptcy at the moment.
DHT's Altman-Z score of 3.12 is fine compared to the rest of the industry. DHT outperforms 73.71% of its industry peers.
The Debt to FCF ratio of DHT is 3.48, which is a good value as it means it would take DHT, 3.48 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.48, DHT is in the better half of the industry, outperforming 63.85% of the companies in the same industry.
DHT has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.39, DHT is in line with its industry, outperforming 54.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 3.48 | ||
| Altman-Z | 3.12 |
ROIC/WACC1.23
WACC8.62%
2.3 Liquidity
A Current Ratio of 3.54 indicates that DHT has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.54, DHT belongs to the top of the industry, outperforming 84.51% of the companies in the same industry.
A Quick Ratio of 3.54 indicates that DHT has no problem at all paying its short term obligations.
The Quick ratio of DHT (3.54) is better than 84.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.54 |
3. Growth
3.1 Past
DHT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 160.53%, which is quite impressive.
Measured over the past years, DHT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.82% on average per year.
Looking at the last year, DHT shows a very strong growth in Revenue. The Revenue has grown by 23.45%.
The Revenue has been growing by 8.32% on average over the past years. This is quite good.
EPS 1Y (TTM)160.53%
EPS 3Y-16.82%
EPS 5YN/A
EPS growth Q2Q-42.11%
Revenue 1Y (TTM)23.45%
Revenue growth 3Y-6.74%
Revenue growth 5Y8.32%
Revenue growth Q2Q-14.61%
3.2 Future
The Earnings Per Share is expected to grow by 28.83% 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 10.56% yearly.
EPS Next Y63.09%
EPS Next 2Y45%
EPS Next 3Y28.83%
EPS Next 5YN/A
Revenue Next Year19.57%
Revenue Next 2Y16.13%
Revenue Next 3Y10.56%
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 11.54.
DHT's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.20, DHT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.08, the valuation of DHT can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DHT indicates a rather cheap valuation: DHT is cheaper than 81.69% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.63, DHT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 7.08 |
4.2 Price Multiples
DHT's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as DHT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.96 | ||
| EV/EBITDA | 7.3 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of DHT may justify a higher PE ratio.
DHT's earnings are expected to grow with 28.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y45%
EPS Next 3Y28.83%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.95%, DHT is a good candidate for dividend investing.
DHT's Dividend Yield is rather good when compared to the industry average which is at 5.79. DHT pays more dividend than 86.85% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, DHT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.95% |
5.2 History
The dividend of DHT is nicely growing with an annual growth rate of 70.23%!
DHT has paid a dividend for at least 10 years, which is a reliable track record.
DHT has decreased its dividend recently.
Dividend Growth(5Y)70.23%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
115.61% 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.
DP115.61%
EPS Next 2Y45%
EPS Next 3Y28.83%
DHT HOLDINGS INC
NYSE:DHT (4/26/2024, 9:44:10 AM)
11.425
-0.05 (-0.48%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.84B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.95% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 7.08 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.18
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.82% | ||
| ROE | 15.72% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 34.45% | ||
| PM (TTM) | 28.8% | ||
| GM | 56.99% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.54 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)160.53%
EPS 3Y-16.82%
EPS 5Y
EPS growth Q2Q
EPS Next Y63.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)23.45%
Revenue growth 3Y-6.74%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y