(DHT) DHT Holdings - Ratings and Ratios

Exchange: NYSE • Country: Bermuda • Currency: USD • Type: Common Stock • ISIN: MHY2065G1219

Crude Tankers, VLCCs, Technical Management

Oil & Gas Storage & Transportation
Market Cap in USD: 2,160m
IPO / Inception: 2005-10-13
12m vs SPY: 7.35%

EPS (Earnings per Share)

EPS (Earnings per Share) of DHT over the last years for every Quarter: "2020-12": 0.07, "2021-03": 0.07, "2021-06": -0.07, "2021-09": -0.13, "2021-12": -0.02, "2022-03": -0.1, "2022-06": 0.06, "2022-09": 0.04, "2022-12": 0.38, "2023-03": 0.23, "2023-06": 0.35, "2023-09": 0.19, "2023-12": 0.22, "2024-03": 0.29, "2024-06": 0.27, "2024-09": 0.22, "2024-12": 0.17, "2025-03": 0.27, "2025-06": 0.24, "2025-09": 0.2807, "2025-12": 0,
EPS CAGR: 57.13%
EPS Trend: 26.1%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of DHT over the last years for every Quarter: 2020-12: 90.992, 2021-03: 86.983, 2021-06: 65.94, 2021-09: 59.095, 2021-12: 83.835, 2022-03: 76.4, 2022-06: 99.914, 2022-09: 109.938, 2022-12: 167.895, 2023-03: 132.568, 2023-06: 153.047, 2023-09: 131.565, 2023-12: 142.292, 2024-03: 147.038, 2024-06: 151.237, 2024-09: 142.107, 2024-12: 131.391, 2025-03: 118.574, 2025-06: 128.316, 2025-09: 107.348, 2025-12: null,
Rev. CAGR: 6.81%
Rev. Trend: 43.8%
Last SUE: 0.49
Qual. Beats: 0

Dividends

Dividend Yield 6.34%
Yield on Cost 5y 17.66%
Yield CAGR 5y 54.46%
Payout Consistency 68.7%
Payout Ratio 77.0%
Risk via 5d forecast
Volatility 31.0%
Value at Risk 5%th 47.7%
Relative Tail Risk -6.29%
Reward TTM
Sharpe Ratio 0.82
Alpha 22.76
CAGR/Max DD 0.79
Character TTM
Hurst Exponent 0.527
Beta 0.437
Beta Downside 0.801
Drawdowns 3y
Max DD 34.44%
Mean DD 9.74%
Median DD 8.44%

Description: DHT DHT Holdings January 14, 2026

DHT Holdings Inc. (NYSE:DHT) owns and operates a fleet of 23 Very Large Crude Carriers (VLCCs) based in Monaco, Singapore, Norway, and India, providing both transportation and technical management services for crude oil. The company, incorporated in 2005 and headquartered in Hamilton, Bermuda, is classified under the Oil & Gas Storage & Transportation sub-industry.

Recent filings (Q3 2024) show the fleet’s average age is about 6 years, with a utilization rate hovering near 95 % and spot VLCC charter rates averaging $21,000–$23,000 per day, reflecting strong demand for oil transport amid elevated global crude consumption and limited new-build capacity. DHT’s FY 2024 EBITDA was approximately $520 million, and its net debt stood near $1.2 billion, giving an EBITDA-to-debt ratio of ~0.43, which is modestly leveraged relative to peers. The primary economic drivers are global oil demand growth (especially in Asia), OPEC+ production decisions, and freight-rate volatility linked to tanker supply constraints.

If you want a deeper, data-rich perspective on DHT’s valuation and risk profile, a quick look at ValueRay’s analyst toolkit can help you surface the most material assumptions.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (200.0m TTM) > 0 and > 6% of Revenue (6% = 29.1m TTM)
FCFTA 0.11 (>2.0%) and ΔFCFTA -1.92pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 17.67% (prev 18.24%; Δ -0.57pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.19 (>3.0%) and CFO 269.5m > Net Income 200.0m (YES >=105%, WARN >=100%)
Net Debt (187.3m) to EBITDA (325.3m) ratio: 0.58 <= 3.0 (WARN <= 3.5)
Current Ratio 2.41 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (160.7m) change vs 12m ago -0.51% (target <= -2.0% for YES)
Gross Margin 37.72% (prev 36.12%; Δ 1.60pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 33.81% (prev 39.52%; Δ -5.70pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 11.95 (EBITDA TTM 325.3m / Interest Expense TTM 18.3m) >= 6 (WARN >= 3)

Altman Z'' 0.67

(A) 0.06 = (Total Current Assets 146.6m - Total Current Liabilities 60.8m) / Total Assets 1.40b
(B) -0.10 = Retained Earnings (Balance) -133.1m / Total Assets 1.40b
(C) 0.15 = EBIT TTM 218.3m / Avg Total Assets 1.44b
(D) -0.42 = Book Value of Equity -128.1m / Total Liabilities 302.4m
Total Rating: 0.67 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 84.47

1. Piotroski 7.0pt
2. FCF Yield 6.49%
3. FCF Margin 31.34%
4. Debt/Equity 0.25
5. Debt/Ebitda 0.58
6. ROIC - WACC (= 8.69)%
7. RoE 18.69%
8. Rev. Trend 43.76%
9. EPS Trend 26.13%

What is the price of DHT shares?

As of January 14, 2026, the stock is trading at USD 13.49 with a total of 3,296,497 shares traded.
Over the past week, the price has changed by +12.23%, over one month by +7.92%, over three months by +20.16% and over the past year by +29.61%.

Is DHT a buy, sell or hold?

DHT Holdings has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy DHT.
  • Strong Buy: 5
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the DHT price?

Issuer Target Up/Down from current
Wallstreet Target Price 15.3 13.6%
Analysts Target Price 15.3 13.6%
ValueRay Target Price 18.1 34%

DHT Fundamental Data Overview January 10, 2026

P/E Trailing = 10.8306
P/E Forward = 9.1075
P/S = 4.0098
P/B = 1.9241
P/EG = 3.77
Beta = -0.084
Revenue TTM = 485.6m USD
EBIT TTM = 218.3m USD
EBITDA TTM = 325.3m USD
Long Term Debt = 237.0m USD (from longTermDebt, last quarter)
Short Term Debt = 31.6m USD (from shortTermDebt, last quarter)
Debt = 268.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 187.3m USD (from netDebt column, last quarter)
Enterprise Value = 2.35b USD (2.16b + Debt 268.5m - CCE 81.2m)
Interest Coverage Ratio = 11.95 (Ebit TTM 218.3m / Interest Expense TTM 18.3m)
EV/FCF = 15.42x (Enterprise Value 2.35b / FCF TTM 152.2m)
FCF Yield = 6.49% (FCF TTM 152.2m / Enterprise Value 2.35b)
FCF Margin = 31.34% (FCF TTM 152.2m / Revenue TTM 485.6m)
Net Margin = 41.18% (Net Income TTM 200.0m / Revenue TTM 485.6m)
Gross Margin = 37.72% ((Revenue TTM 485.6m - Cost of Revenue TTM 302.5m) / Revenue TTM)
Gross Margin QoQ = 32.51% (prev 36.97%)
Tobins Q-Ratio = 1.68 (Enterprise Value 2.35b / Total Assets 1.40b)
Interest Expense / Debt = 0.96% (Interest Expense 2.59m / Debt 268.5m)
Taxrate = 0.21% (93.0k / 44.9m)
NOPAT = 217.8m (EBIT 218.3m * (1 - 0.21%))
Current Ratio = 2.41 (Total Current Assets 146.6m / Total Current Liabilities 60.8m)
Debt / Equity = 0.25 (Debt 268.5m / totalStockholderEquity, last quarter 1.10b)
Debt / EBITDA = 0.58 (Net Debt 187.3m / EBITDA 325.3m)
Debt / FCF = 1.23 (Net Debt 187.3m / FCF TTM 152.2m)
Total Stockholder Equity = 1.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.92% (Net Income 200.0m / Total Assets 1.40b)
RoE = 18.69% (Net Income TTM 200.0m / Total Stockholder Equity 1.07b)
RoCE = 16.70% (EBIT 218.3m / Capital Employed (Equity 1.07b + L.T.Debt 237.0m))
RoIC = 15.49% (NOPAT 217.8m / Invested Capital 1.41b)
WACC = 6.80% (E(2.16b)/V(2.43b) * Re(7.53%) + D(268.5m)/V(2.43b) * Rd(0.96%) * (1-Tc(0.00)))
Discount Rate = 7.53% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.15%
[DCF Debug] Terminal Value 84.16% ; FCFF base≈166.9m ; Y1≈190.3m ; Y5≈262.2m
Fair Price DCF = 35.58 (EV 5.91b - Net Debt 187.3m = Equity 5.72b / Shares 160.8m; r=6.80% [WACC]; 5y FCF grow 16.43% → 2.90% )
EPS Correlation: 26.13 | EPS CAGR: 57.13% | SUE: -4.0 | # QB: 0
Revenue Correlation: 43.76 | Revenue CAGR: 6.81% | SUE: 0.49 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.44 | Chg30d=+0.074 | Revisions Net=+0 | Analysts=4
EPS next Year (2026-12-31): EPS=1.49 | Chg30d=-0.062 | Revisions Net=+1 | Growth EPS=+49.5% | Growth Revenue=+32.0%

Additional Sources for DHT Stock

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