(DHT) DHT Holdings - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 2.799m USD | Total Return: 62.6% in 12m
Avg Turnover: 51.3M
EPS Trend: 34.5%
Qual. Beats: 0
Rev. Trend: -62.1%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Confidence
DHT Holdings, Inc. is an independent crude oil tanker company headquartered in Bermuda with operational hubs in Monaco, Singapore, Norway, and India. The firm specializes in the ownership and operation of Very Large Crude Carriers (VLCCs) and provides in-house technical management services. VLCCs typically have a capacity of approximately 2 million barrels of oil, serving as a critical link in the global energy supply chain.
The company’s business model is centered on the international shipping of unrefined petroleum, utilizing a fleet of 22 vessels as of late 2025. This sector is characterized by high capital intensity and spot market volatility, where earnings are heavily influenced by global oil demand and geopolitical shifts. For a deeper look into these market drivers, consider reviewing the latest data on ValueRay. DHT Holdings has maintained its presence in the Oil & Gas Storage & Transportation industry since its incorporation in 2005.
- Global crude oil demand shifts influence VLCC spot market freight rates
- Fluctuating bunker fuel prices impact operating margins and net cash flow
- OPEC production cuts reduce demand for long-haul crude oil transportation
- Environmental regulations necessitate costly fleet upgrades or carbon emissions compliance
- Asset valuation of very large crude carriers dictates net asset value calculations
| Net Income: 331.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.07 > 0.02 and ΔFCF/TA -18.93 > 1.0 |
| NWC/Revenue: 21.38% < 20% (prev 11.80%; Δ 9.58% < -1%) |
| CFO/TA 0.18 > 3% & CFO 316.2m > Net Income 331.5m |
| Net Debt (380.9m) to EBITDA (450.1m): 0.85 < 3 |
| Current Ratio: 1.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (161.2m) vs 12m ago 0.41% < -2% |
| Gross Margin: 47.47% > 18% (prev 0.38%; Δ 4.71k% > 0.5%) |
| Asset Turnover: 34.91% > 50% (prev 37.26%; Δ -2.35% > 0%) |
| Interest Coverage Ratio: 25.61 > 6 (EBITDA TTM 450.1m / Interest Expense TTM 13.5m) |
| A: 0.07 (Total Current Assets 267.1m - Total Current Liabilities 146.1m) / Total Assets 1.79b |
| B: 0.00 (Retained Earnings 2.28m / Total Assets 1.79b) |
| C: 0.21 (EBIT TTM 345.4m / Avg Total Assets 1.62b) |
| D: 0.01 (Book Value of Equity 7.06m / Total Liabilities 552.3m) |
| Altman-Z'' = 1.89 = BBB |
| DSRI: 1.62 (Receivables 85.3m/50.5m, Revenue 566.1m/543.3m) |
| GMI: 0.79 (GM 47.47% / 37.52%) |
| AQI: 1.17 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 1.04 (Revenue 566.1m / 543.3m) |
| TATA: 0.01 (NI 331.5m - CFO 316.2m) / TA 1.79b) |
| Beneish M = -2.56 (Cap -4..+1) = A |
As of May 26, 2026, the stock is trading at USD 17.38 with a total of 2,403,000 shares traded.
Over the past week, the price has changed by +2.09%,
over one month by -1.80%,
over three months by -3.59% and
over the past year by +62.63%.
DHT Holdings has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy DHT.
- StrongBuy: 5
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20.3 | 16.7% |
P/E Trailing = 8.4369
P/E Forward = 6.854
P/S = 4.2443
P/B = 2.2705
P/EG = 1.1926
Revenue TTM = 566.1m USD
EBIT TTM = 345.4m USD
EBITDA TTM = 450.1m USD
Long Term Debt = 400.7m USD (from longTermDebt, last quarter)
Short Term Debt = 105.6m USD (from shortTermDebt, last quarter)
Debt = 507.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 914k
Net Debt = 380.9m USD (calculated: Debt 507.2m - CCE 126.2m)
Enterprise Value = 3.18b USD (2.80b + Debt 507.2m - CCE 126.2m)
Interest Coverage Ratio = 25.61 (Ebit TTM 345.4m / Interest Expense TTM 13.5m)
EV/FCF = -24.28x (Enterprise Value 3.18b / FCF TTM -130.9m)
FCF Yield = -4.12% (FCF TTM -130.9m / Enterprise Value 3.18b)
FCF Margin = -23.13% (FCF TTM -130.9m / Revenue TTM 566.1m)
Net Margin = 58.56% (Net Income TTM 331.5m / Revenue TTM 566.1m)
Gross Margin = 47.47% ((Revenue TTM 566.1m - Cost of Revenue TTM 297.4m) / Revenue TTM)
Gross Margin QoQ = 60.39% (prev 51.23%)
Tobins Q-Ratio = 1.78 (Enterprise Value 3.18b / Total Assets 1.79b)
Interest Expense / Debt = 2.66% (Interest Expense 13.5m / Debt 507.2m)
Taxrate = 0.08% (126k / 164.7m)
NOPAT = 345.1m (EBIT 345.4m * (1 - 0.08%))
Current Ratio = 1.83 (Total Current Assets 267.1m / Total Current Liabilities 146.1m)
Debt / Equity = 0.41 (Debt 507.2m / totalStockholderEquity, last quarter 1.23b)
Debt / EBITDA = 0.85 (Net Debt 380.9m / EBITDA 450.1m)
Debt / FCF = -2.91 (negative FCF - burning cash) (Net Debt 380.9m / FCF TTM -130.9m)
Total Stockholder Equity = 1.14b (last 4 quarters mean from totalStockholderEquity)
RoA = 20.44% (Net Income 331.5m / Total Assets 1.79b)
RoE = 29.14% (Net Income TTM 331.5m / Total Stockholder Equity 1.14b)
RoCE = 22.45% (EBIT 345.4m / Capital Employed (Equity 1.14b + L.T.Debt 400.7m))
RoIC = 21.33% (NOPAT 345.1m / Invested Capital 1.62b)
WACC = 6.31% (E(2.80b)/V(3.31b) * Re(6.97%) + D(507.2m)/V(3.31b) * Rd(2.66%) * (1-Tc(0.00)))
Discount Rate = 6.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -22.47 | Cagr: 0.00%
[DCF] Fair Price = unknown (Cash Flow -130.9m)
EPS Correlation: 34.48 | EPS CAGR: 6.05% | SUE: 0.40 | # QB: 0
Revenue Correlation: -62.09 | Revenue CAGR: -4.18% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.04 | Chg30d=+99.14% | Revisions=+43% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.54 | Chg30d=+66.37% | Revisions=+43% | Analysts=5
EPS current Year (2026-12-31): EPS=2.75 | Chg30d=+28.08% | Revisions=+43% | GrowthEPS=+179.1% | GrowthRev=+79.5%
EPS next Year (2027-12-31): EPS=1.70 | Chg30d=+12.67% | Revisions=+50% | GrowthEPS=-38.1% | GrowthRev=-24.9%
[Analyst] Revisions Ratio: +50%