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 212 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on DHT. These ratings could make DHT a good candidate for value 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.
In multiple years DHT reported negative net income over the last 5 years.
Of the past 5 years DHT 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of DHT (10.97%) is better than 83.49% of its industry peers.
Looking at the Return On Equity, with a value of 15.70%, DHT is in the better half of the industry, outperforming 70.75% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.96%, DHT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.97% | ||
| ROE | 15.7% | ||
| ROIC | 10.96% |
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 27.72%, DHT is doing good in the industry, outperforming 79.25% of the companies in the same industry.
DHT's Profit Margin has declined in the last couple of years.
DHT has a better Operating Margin (33.26%) than 71.70% of its industry peers.
In the last couple of years the Operating Margin of DHT has grown nicely.
Looking at the Gross Margin, with a value of 55.55%, DHT is in the better half of the industry, outperforming 60.38% of the companies in the same industry.
DHT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.26% | ||
| PM (TTM) | 27.72% | ||
| GM | 55.55% |
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.
There is no outstanding debt for DHT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 2.99 indicates that DHT is not in any danger for bankruptcy at the moment.
DHT has a Altman-Z score of 2.99. This is amongst the best in the industry. DHT outperforms 81.60% of its industry peers.
The Debt to FCF ratio of DHT is 2.16, which is a good value as it means it would take DHT, 2.16 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of DHT (2.16) is better than 81.60% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that DHT is not too dependend on debt financing.
DHT has a Debt to Equity ratio (0.35) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.16 | ||
| Altman-Z | 2.99 |
ROIC/WACC1.05
WACC10.49%
2.3 Liquidity
A Current Ratio of 2.41 indicates that DHT has no problem at all paying its short term obligations.
DHT's Current ratio of 2.41 is fine compared to the rest of the industry. DHT outperforms 79.72% of its industry peers.
A Quick Ratio of 2.41 indicates that DHT has no problem at all paying its short term obligations.
DHT has a better Quick ratio (2.41) than 80.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.41 | ||
| Quick Ratio | 2.41 |
3. Growth
3.1 Past
DHT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.13%, which is quite good.
The Earnings Per Share has been growing by 16.14% on average over the past years. This is quite good.
EPS 1Y (TTM)13.13%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%54.55%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-9.51%
3.2 Future
The Earnings Per Share is expected to grow by 31.23% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 21.88% on average over the next years. This is a very strong growth
EPS Next Y22.73%
EPS Next 2Y27.44%
EPS Next 3Y31.23%
EPS Next 5YN/A
Revenue Next Year8.41%
Revenue Next 2Y16.1%
Revenue Next 3Y21.88%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.32, the valuation of DHT can be described as very reasonable.
DHT's Price/Earnings ratio is a bit cheaper when compared to the industry. DHT is cheaper than 69.81% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.92. DHT is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 7.59 indicates a rather cheap valuation of DHT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DHT indicates a somewhat cheap valuation: DHT is cheaper than 76.42% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.65. DHT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.32 | ||
| Fwd PE | 7.59 |
4.2 Price Multiples
DHT's Enterprise Value to EBITDA ratio is in line with the industry average.
74.06% of the companies in the same industry are more expensive than DHT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.87 | ||
| EV/EBITDA | 6.55 |
4.3 Compensation for Growth
DHT's 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 31.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.41
PEG (5Y)0.58
EPS Next 2Y27.44%
EPS Next 3Y31.23%
5. Dividend
5.1 Amount
DHT has a Yearly Dividend Yield of 9.12%, which is a nice return.
Compared to an average industry Dividend Yield of 7.41, DHT pays a better dividend. On top of this DHT pays more dividend than 82.55% of the companies listed in the same industry.
DHT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.12% |
5.2 History
On average, the dividend of DHT grows each year by 70.23%, which is quite nice.
DHT has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of DHT decreased recently.
Dividend Growth(5Y)70.23%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
96.69% 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.
DP96.69%
EPS Next 2Y27.44%
EPS Next 3Y31.23%
10.44
+0.17 (+1.66%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners63.25%
Inst Owner Change0.07%
Ins Owners1.06%
Ins Owner ChangeN/A
Market Cap1.68B
Analysts84
Price Target14.5 (38.89%)
Short Float %4.76%
Short Ratio3.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.12% |
Yearly Dividend1.15
Dividend Growth(5Y)70.23%
DP96.69%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.11%
Min EPS beat(2)-3.14%
Max EPS beat(2)7.36%
EPS beat(4)1
Avg EPS beat(4)-0.49%
Min EPS beat(4)-3.95%
Max EPS beat(4)7.36%
EPS beat(8)2
Avg EPS beat(8)-1.2%
EPS beat(12)6
Avg EPS beat(12)71.09%
EPS beat(16)8
Avg EPS beat(16)54.98%
Revenue beat(2)1
Avg Revenue beat(2)1.02%
Min Revenue beat(2)-0.79%
Max Revenue beat(2)2.84%
Revenue beat(4)1
Avg Revenue beat(4)-2.07%
Min Revenue beat(4)-8.45%
Max Revenue beat(4)2.84%
Revenue beat(8)2
Avg Revenue beat(8)3.87%
Revenue beat(12)6
Avg Revenue beat(12)29.66%
Revenue beat(16)10
Avg Revenue beat(16)28.67%
PT rev (1m)0%
PT rev (3m)7.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.34%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.32 | ||
| Fwd PE | 7.59 | ||
| P/S | 2.87 | ||
| P/FCF | 8.87 | ||
| P/OCF | 6.09 | ||
| P/B | 1.63 | ||
| P/tB | 1.63 | ||
| EV/EBITDA | 6.55 |
EPS(TTM)1.12
EY10.73%
EPS(NY)1.37
Fwd EY13.17%
FCF(TTM)1.18
FCFY11.27%
OCF(TTM)1.71
OCFY16.42%
SpS3.64
BVpS6.42
TBVpS6.41
PEG (NY)0.41
PEG (5Y)0.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.97% | ||
| ROE | 15.7% | ||
| ROCE | 13.88% | ||
| ROIC | 10.96% | ||
| ROICexc | 11.57% | ||
| ROICexgc | 11.59% | ||
| OM | 33.26% | ||
| PM (TTM) | 27.72% | ||
| GM | 55.55% | ||
| FCFM | 32.36% |
ROA(3y)4.73%
ROA(5y)6.93%
ROE(3y)6.79%
ROE(5y)10.46%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-13.13%
ROICexcg growth 5Y64.01%
ROICexc growth 3Y-13.16%
ROICexc growth 5Y63.98%
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%
F-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 2.16 | ||
| Debt/EBITDA | 1.17 | ||
| Cap/Depr | 76.51% | ||
| Cap/Sales | 14.78% | ||
| Interest Coverage | 6.02 | ||
| Cash Conversion | 89.65% | ||
| Profit Quality | 116.75% | ||
| Current Ratio | 2.41 | ||
| Quick Ratio | 2.41 | ||
| Altman-Z | 2.99 |
F-Score6
WACC10.49%
ROIC/WACC1.05
Cap/Depr(3y)87.24%
Cap/Depr(5y)66.01%
Cap/Sales(3y)28.04%
Cap/Sales(5y)19.62%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.13%
EPS 3YN/A
EPS 5Y16.14%
EPS Q2Q%54.55%
EPS Next Y22.73%
EPS Next 2Y27.44%
EPS Next 3Y31.23%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-9.51%
Revenue Next Year8.41%
Revenue Next 2Y16.1%
Revenue Next 3Y21.88%
Revenue Next 5YN/A
EBIT growth 1Y-10.27%
EBIT growth 3Y-16.03%
EBIT growth 5Y57.86%
EBIT Next Year53.82%
EBIT Next 3Y30.99%
EBIT Next 5Y29.99%
FCF growth 1Y470.71%
FCF growth 3Y-37.43%
FCF growth 5YN/A
OCF growth 1Y387.04%
OCF growth 3Y-22.01%
OCF growth 5Y36.02%