DHT Stock Analysis: DHT Holdings | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 3.752m USD | 12M Return: 101.6% | MHY2065G1219 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 79.4M
EPS Trend: 56.1%
Qual. Beats: 1
Rev. Trend: 2.9%
Qual. Beats: 0
Warnings
No concerns identified
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-incorporated crude oil tanker operator founded in 2005 and headquartered in Hamilton. The company runs a fleet of 22 very large crude carriers (VLCCs) and provides technical management services, with operational offices in Monaco, Singapore, Norway, and India.
As a mid-cap ($3.21B USD) Energy-sector company classified under Oil & Gas Storage & Transportation, DHTs business model is tied to the global seaborne transport of unrefined crude oil. VLCCs are among the largest oil tanker classes, typically used on long-haul routes between major production regions and refineries, and revenues are generally driven by charter rates that fluctuate with global oil supply, demand, and shipping capacity.
- VLCC daily rates surge amid tight tonnage supply
- OPEC+ output decisions reshape long-haul crude trade flows
- DHT expands share repurchases amid strong free cash flow
| 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 September 27, 2026, the stock is trading at USD 21.78 with a total of 3,177,126 shares traded. Over the past week, the price has changed by -6.40%, over one month by +13.62%, over three months by +28.50% and over the past year by +101.58%.
Current recommended Stop Loss: 19.50 (which is 10.5% or 2.9 ATR below the current price).
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 | 21.9 | 0.3% |
P/E Trailing = 7.915
P/E Forward = 10.0705
P/S = 4.6977
P/B = 2.8219
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 = 4.03b USD (3.75b + Debt 435.7m - CCE 161.7m)
Interest Coverage Ratio = 31.21 (Ebit TTM 489.9m / Interest Expense TTM 15.7m)
EV/FCF = 112.7x (Enterprise Value 4.03b / FCF TTM 35.7m)
FCF Yield = 0.89% (FCF TTM 35.7m / Enterprise Value 4.03b)
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 = 2.23 (Enterprise Value 4.03b / 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 = 5.80% (E(3.75b)/V(4.19b) * Re(6.06%) + D(435.7m)/V(4.19b) * Rd(3.60%) * (1-Tc(0.00)))
Discount Rate = 6.06% (= 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=+62% | Analysts=5
EPS current Year (2026-12-31): EPS=3.93 | Chg30d=+7.68% | Revisions=+62% | GrowthEPS=+298.3% | GrowthRev=+132.3%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=+14.09% | Revisions=+62% | GrowthEPS=-45.3% | GrowthRev=-33.4%
[Analyst] Revisions Ratio: +83% (up=15, down=0)