DHT Holdings, Inc.

DHT Holdings, Inc.

DHTยทNYSE

$16.39

-0.061%
EnergyOil & Gas Midstream

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

At a Glance

Live Snapshot
Market Cap$2.64B
EPS1.3100
P/E Ratio12.51
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 12.5).

Valuation inputs: P/E 12.5, earnings yield +8.0%, momentum -0.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +18.6%, ROIC +10.8%).

Profitability stack: net margin +42.5%, ROE +18.6%, ROIC +10.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +29.3%, momentum -0.1%, net margin +42.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

dht

DHT Holdings, Inc. Market vs Earnings Trajectory

DHT ยท NYSE

Loading price and EPS data...

DHT Holdings, Inc.

DHT Holdings, Inc. Fair Value Envelope

DHT ยท NYSE

Our analysis suggests that DHT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $16.39, this represents a potential HIDDEN relative to our calculated worth for DHT Holdings, Inc..

Intrinsic Value
Current Price: $16.39
3Y+254.0%
5Y-23.0%
10Y+1210.0%
3Y+9.0%
5Y-28.0%
10Y+40.0%
3Y+243.0%
5Y-21.0%
10Y+2180.0%
3Y+116.0%
5Y-48.0%
10Y+43.0%
3Y-128.0%
5Y-107.0%
10Y-20.0%
3Y+6.0%
5Y-1.0%
10Y+14.0%
DHT Holdings, Inc.

DHT Holdings, Inc. Profit Bridge

DHT ยท NYSE
Revenue497.20M
Cost of Goods Sold (307.45M)
Gross Profit189.75M
Operating Expenses (19.89M)
Operating Income169.85M
Interest Expense (14.17M)
Other Income/Expense41.52M
Pretax Income211.38M
Income Tax (413.00K)
Net Income211.09M
Net Income
211.09M

Profitability Analysis

Gross Margin

38.2%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

34.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

42.5%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.2%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

38.16%
Gross Profit Margin
-30%
3Y+142.0%
5Y-23.0%
10Y-6.0%
34.16%
Operating Profit Margin
-7%
3Y+109.0%
5Y-25.0%
10Y+200.0%
42.46%
Net Profit Margin
34%
3Y+213.0%
5Y+10.0%
10Y+1532.0%
18.63%
Return on Equity
7%
3Y+224.0%
5Y-22.0%
10Y+1278.0%
13.17%
Return on Assets
8%
3Y+223.0%
5Y-20.0%
10Y+1896.0%
10.81%
Return on Invested Capital
-25%
3Y+117.0%
5Y-45.0%
10Y+274.0%
DHT

DHT Holdings, Inc. Cash Conversion Engine

DHT ยท NYSE
Net Income211.09M
Depreciation & Amortization106.37M
Stock-Based Compensation0.00
Change in Working Capital4.94M
Others-45.75M
Capital Expenditures-309.94M
Free Cash Flow-33.29M

Cash Flow Quality Analysis

FCF Conversion Rate

-15.8%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

112.0%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-116.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$4.94M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

dht

DHT Holdings, Inc. Funding & Solvency Profile

DHT ยท NYSE
Cash & Cash Equivalents126.25M
Net Receivables85.29M
Inventory30.24M
Other Current Assets18.83M
Total Current Assets267 M
Property, Plant & Equipment1.52B
Goodwill & Intangible Assets1.36M
Long-Term Investments0.00
Other Non-Current Assets595.00K
Total Non-Current Assets2 B
Total Assets
1.79B

Financial Health Analysis

Current Ratio

1.83x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.45x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

121 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

15% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

dht

DHT Holdings, Inc. Street Expectations Map

DHT ยท NYSE

Wall Street analysts project that DHT stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 18.00, with estimates ranging from a low of 18.00 to a high of 18.00.

Lowest Target
18.00
9.82%
Consensus Target
18.00
9.82%
Highest Target
18.00
9.82%

The consensus 1-year price target stands at 18.00, with estimates ranging from a low of 18.00 to a high of 18.00.

Analyst Consensus Analysis

Upside Potential

+9.8%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

dht

DHT Holdings, Inc. Insider Positioning

DHT ยท NYSE

During the last 12 months, there has been no insider trading activity reported for DHT.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

2.24%
Dividend Yield
52%
3Y-36.0%
5Y+166.0%
10Y-55.0%
ย 

dht Dividend History

DHT
10Y CAGR +10%
Latest $0.64
Annual $1.62
5 year growth trend
Last Period: +56%