DHT Stock Analysis: DHT Holdings | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 3.841m USD | 12M Return: 164.6% | MHY2065G1219 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 100M
EPS Trend: 56.1%
Qual. Beats: 1
Rev. Trend: 2.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
DHT Holdings, Inc. is a Bermuda-based shipping company that owns and operates a fleet of crude oil tankers, with operational offices in Monaco, Singapore, Norway, and India. In addition to vessel ownership, the company provides technical management services for its fleet. As of December 15, 2025, its fleet consisted of 22 very large crude carriers (VLCCs), the largest class of oil tankers typically used for long-haul transportation of crude oil on major global shipping routes. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda, a common domicile for international shipping operators due to favorable maritime tax and regulatory frameworks.
The company operates within the Energy sector, specifically the Oil & Gas Storage & Transportation sub-industry, which encompasses businesses engaged in the shipping, storage, and distribution of crude oil and refined petroleum products. VLCC operators like DHT primarily generate revenue through charter agreements, either on a spot-market basis or via long-term time-charter contracts with oil majors and traders.
- Tanker rates surge on tight VLCC supply and rising oil demand
- OPEC+ production cuts reduce crude tanker voyage revenue
- Capital returns accelerate through quarterly dividends and active buyback program
| Net Income: 473.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -10.76 > 1.0 |
| NWC/Revenue: 30.39% < 20% (prev 21.22%; Δ 9.17% < -1%) |
| CFO/TA 0.25 > 3% & CFO 452.1m > Net Income 473.7m |
| Net Debt (274.0m) to EBITDA (596.3m): 0.46 < 3 |
| Current Ratio: 3.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (161.3m) vs 12m ago 0.34% < -2% |
| Gross Margin: 59.50% > 18% (prev 37.42%; Δ 22.09% > 0.5%) |
| Asset Turnover: 44.64% > 50% (prev 36.38%; Δ 8.26% > 0%) |
| Interest Coverage Ratio: 31.21 > 6 (EBIT TTM 489.9m / Interest Expense TTM 15.7m) |
| A: 0.12 (Total Current Assets 302.7m - Total Current Liabilities 83.1m) / Total Assets 1.81b |
| B: 0.05 (Retained Earnings 97.6m / Total Assets 1.81b) |
| C: 0.30 (EBIT TTM 489.9m / Avg Total Assets 1.62b) |
| D: 2.78 (Book Value of Equity 1.33b / Total Liabilities 478.3m) |
| Altman-Z'' = 5.92 = AAA |
| DSRI: 1.57 (Receivables 87.1m/40.0m, Revenue 722.8m/520.4m) |
| GMI: 0.63 (GM 37.42% / 59.50%) |
| AQI: 2.72 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.39 (Revenue 722.8m / 520.4m) |
| TATA: 0.01 (NI 473.7m - CFO 452.1m) / TA 1.81b) |
| Beneish M = -1.60 (Cap -4..+1) = CCC |
As of October 13, 2026, the stock is trading at USD 26.22 with a total of 8,080,947 shares traded. Over the past week, the price has changed by +10.08%, over one month by +18.37%, over three months by +61.57% and over the past year by +164.64%.
Current recommended Stop Loss: 25.00 (which is 4.7% or 1.4 ATR below the current price).
DHT Holdings has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy DHT.
- StrongBuy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.9 | -16.7% |
P/E Trailing = 8.0473
P/E Forward = 9.2081
P/S = 4.8087
P/B = 2.5806
P/EG = 1.1926
Revenue TTM = 722.8m USD
EBIT TTM = 489.9m USD
EBITDA TTM = 596.3m USD
Long Term Debt = 389.4m USD (from longTermDebt, last quarter)
Short Term Debt = 45.4m USD (from shortTermDebt, last quarter)
Debt = 435.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 914k
Net Debt = 274.0m USD (calculated: Debt 435.7m - CCE 161.7m)
Enterprise Value = 4.11b USD (3.84b + Debt 435.7m - CCE 161.7m)
Interest Coverage Ratio = 31.21 (Ebit TTM 489.9m / Interest Expense TTM 15.7m)
EV/FCF = 115.2x (Enterprise Value 4.11b / FCF TTM 35.7m)
FCF Yield = 0.87% (FCF TTM 35.7m / Enterprise Value 4.11b)
FCF Margin = 4.94% (FCF TTM 35.7m / Revenue TTM 722.8m)
Net Margin = 65.54% (Net Income TTM 473.7m / Revenue TTM 722.8m)
Gross Margin = 59.50% ((Revenue TTM 722.8m - Cost of Revenue TTM 292.7m) / Revenue TTM)
Gross Margin QoQ = 73.27% (prev 60.39%)
Tobins Q-Ratio = 2.28 (Enterprise Value 4.11b / Total Assets 1.81b)
Interest Expense / Debt = 3.60% (Interest Expense 15.7m / Debt 435.7m)
Taxrate = 0.10% (488k / 474.2m)
NOPAT = 489.4m (EBIT 489.9m * (1 - 0.10%))
Current Ratio = 3.64 (Total Current Assets 302.7m / Total Current Liabilities 83.1m)
Debt / Equity = 0.33 (Debt 435.7m / totalStockholderEquity, last quarter 1.33b)
Debt / EBITDA = 0.46 (Net Debt 274.0m / EBITDA 596.3m)
Debt / FCF = 7.67 (Net Debt 274.0m / FCF TTM 35.7m)
Total Stockholder Equity = 1.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 29.26% (Net Income 473.7m / Total Assets 1.81b)
RoE = 39.55% (Net Income TTM 473.7m / Total Stockholder Equity 1.20b)
RoCE = 30.87% (EBIT 489.9m / Capital Employed (Equity 1.20b + L.T.Debt 389.4m))
RoIC = 28.22% (NOPAT 489.4m / Invested Capital 1.73b)
WACC = 5.83% (E(3.84b)/V(4.28b) * Re(6.08%) + D(435.7m)/V(4.28b) * Rd(3.60%) * (1-Tc(0.00)))
Discount Rate = 6.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -41.84 | Cagr: -0.04%
[DCF] Terminal Value 73.10% ; FCFF base≈94.3m ; Y1≈82.7m ; Y5≈66.8m
[DCF] Fair Price = 4.95 (EV 1.07b - Net Debt 274.0m = Equity 798.4m / Shares 161.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 56.05 | EPS CAGR: 20.39% | SUE: 1.53 | # QB: 1
Revenue Correlation: 2.89 | Revenue CAGR: 0.32% | SUE: 0.84 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.07 | Chg30d=+2.69% | Revisions=+25% | Analysts=5
EPS current Year (2026-12-31): EPS=3.79 | Chg30d=+3.91% | Revisions=+40% | GrowthEPS=+284.4% | GrowthRev=+125.9%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=+14.09% | Revisions=+40% | GrowthEPS=-43.4% | GrowthRev=-31.6%
[Analyst] Revisions Ratio: +62% (up=5, down=0)