DHT HOLDINGS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.51 USD | +0.26% |
|
+2.22% | +17.33% |
| Mar. 21 | Jefferies Upgrades DHT Holdings to Buy From Hold, Adjusts Price Target to $14 From $11 | MT |
| Feb. 28 | DHT Holdings, Inc. Announces It Has Entered into Agreements to Build Four Large VLCCs | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,216 | 893.3 | 865.1 | 1,444 | 1,579 | 1,852 | - | - |
| Enterprise Value (EV) 1 | 1,999 | 1,275 | 1,327 | 1,715 | 1,933 | 2,026 | 1,888 | 1,774 |
| P/E ratio | 16.2 x | 3.25 x | -74.1 x | 24 x | 9.91 x | 8.15 x | 6.29 x | 7.34 x |
| Yield | 5.68% | 20.7% | 1.93% | 5.41% | 10.1% | 12.9% | 17.1% | 16.7% |
| Capitalization / Revenue | 3.5 x | 1.62 x | 4.25 x | 5.45 x | 4.05 x | 3.83 x | 3.6 x | 3.59 x |
| EV / Revenue | 5.75 x | 2.32 x | 6.52 x | 6.47 x | 4.95 x | 4.19 x | 3.67 x | 3.44 x |
| EV / EBITDA | 7.86 x | 2.83 x | 11.7 x | 9.64 x | 6.4 x | 5.11 x | 4.49 x | 4.2 x |
| EV / FCF | 19.5 x | 2.53 x | -51.1 x | 7.19 x | 15.7 x | 6.97 x | 5.63 x | 13.1 x |
| FCF Yield | 5.13% | 39.5% | -1.96% | 13.9% | 6.37% | 14.3% | 17.8% | 7.61% |
| Price to Book | 1.3 x | 0.81 x | 0.82 x | 1.37 x | 1.54 x | 1.83 x | 1.81 x | 1.87 x |
| Nbr of stocks (in thousands) | 146,809 | 170,798 | 166,688 | 162,653 | 161,000 | 161,329 | - | - |
| Reference price 2 | 8.280 | 5.230 | 5.190 | 8.880 | 9.810 | 11.48 | 11.48 | 11.48 |
| Announcement Date | 2/5/20 | 2/8/21 | 2/8/22 | 2/8/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 347.6 | 550.5 | 203.4 | 264.9 | 390.4 | 483.1 | 514 | 516 |
| EBITDA 1 | 254.5 | 450.4 | 113.7 | 177.9 | 302 | 396.6 | 420.7 | 422.3 |
| EBIT 1 | 138.9 | 326.2 | -14.95 | 54.69 | 193.1 | 277 | 307.2 | 304.4 |
| Operating Margin | 39.95% | 59.25% | -7.35% | 20.65% | 49.46% | 57.34% | 59.77% | 59% |
| Earnings before Tax (EBT) 1 | 73.81 | 267.2 | -11.15 | 62.57 | 162 | 228.2 | 295.1 | 253.1 |
| Net income 1 | 73.68 | 266.3 | -11.52 | 61.52 | 161.4 | 227.9 | 294.8 | 252.7 |
| Net margin | 21.2% | 48.37% | -5.66% | 23.23% | 41.33% | 47.18% | 57.36% | 48.97% |
| EPS 2 | 0.5100 | 1.610 | -0.0700 | 0.3700 | 0.9900 | 1.409 | 1.825 | 1.564 |
| Free Cash Flow 1 | 102.6 | 503.2 | -25.95 | 238.4 | 123.2 | 290.5 | 335.5 | 135 |
| FCF margin | 29.52% | 91.4% | -12.76% | 90.01% | 31.55% | 60.14% | 65.26% | 26.16% |
| FCF Conversion (EBITDA) | 40.32% | 111.71% | - | 133.99% | 40.79% | 73.26% | 79.73% | 31.96% |
| FCF Conversion (Net income) | 139.24% | 188.97% | - | 387.56% | 76.34% | 127.48% | 113.78% | 53.43% |
| Dividend per Share 2 | 0.4700 | 1.080 | 0.1000 | 0.4800 | 0.9900 | 1.481 | 1.958 | 1.922 |
| Announcement Date | 2/5/20 | 2/8/21 | 2/8/22 | 2/8/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 37.65 | 49.27 | 38.74 | 54.05 | 55.34 | 116.7 | 93.9 | 112.9 | 89.09 | 94.52 | 109.5 | 103.3 | 102 | 143.3 | 138.3 |
| EBITDA 1 | 13.99 | 32.03 | 14.4 | 32.52 | 35.61 | 95.41 | 71.95 | 89.75 | 67.42 | 72.89 | 86.65 | 80.37 | 78.95 | 120.3 | 107.5 |
| EBIT 1 | -17.74 | -0.718 | -18.65 | 0.204 | 5.412 | 67.72 | 46.22 | 63.38 | 39.09 | 44.42 | 57.91 | 51.88 | 50.46 | 91.55 | 86.5 |
| Operating Margin | -47.12% | -1.46% | -48.13% | 0.38% | 9.78% | 58.01% | 49.22% | 56.13% | 43.88% | 46.99% | 52.88% | 50.24% | 49.49% | 63.89% | 62.55% |
| Earnings before Tax (EBT) 1 | -20.94 | -2.765 | -17.16 | 10.1 | 7.703 | 61.93 | 38.23 | 57.18 | 31.1 | 35.53 | 49.91 | 42.68 | 43.18 | 92.42 | 119 |
| Net income 1 | -21.04 | -2.9 | -17.26 | 9.72 | 7.031 | 62.02 | 38.18 | 57.06 | 30.76 | 35.36 | 49.84 | 42.61 | 43.1 | 92.34 | 119 |
| Net margin | -55.87% | -5.89% | -44.54% | 17.98% | 12.7% | 53.13% | 40.66% | 50.54% | 34.53% | 37.41% | 45.51% | 41.26% | 42.27% | 64.44% | 86.05% |
| EPS 2 | -0.1300 | -0.0200 | -0.1000 | 0.0600 | 0.0400 | 0.3800 | 0.2300 | 0.3500 | 0.1900 | 0.2200 | 0.3057 | 0.2645 | 0.2355 | 0.5474 | 0.5450 |
| Dividend per Share 2 | 0.0200 | 0.0200 | 0.0200 | 0.0400 | 0.0400 | 0.3800 | 0.2300 | 0.3500 | - | 0.2200 | 0.3035 | 0.2268 | 0.2355 | 0.5474 | 0.7400 |
| Announcement Date | 11/2/21 | 2/8/22 | 5/9/22 | 8/10/22 | 11/7/22 | 2/8/23 | 5/3/23 | 8/7/23 | 11/6/23 | 2/6/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 784 | 381 | 462 | 271 | 354 | 174 | 36 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 78 |
| Leverage (Debt/EBITDA) | 3.08 x | 0.8466 x | 4.06 x | 1.521 x | 1.172 x | 0.4387 x | 0.0856 x | - |
| Free Cash Flow 1 | 103 | 503 | -26 | 238 | 123 | 291 | 335 | 135 |
| ROE (net income / shareholders' equity) | 8.21% | 26.1% | -1.07% | 5.82% | 15.4% | 22.3% | 29.1% | 25.1% |
| ROA (Net income/ Total Assets) | 3.99% | 15.4% | -0.71% | 3.95% | 10.8% | 13.8% | 20.5% | - |
| Assets 1 | 1,846 | 1,725 | 1,616 | 1,559 | 1,500 | 1,652 | 1,438 | - |
| Book Value Per Share 2 | 6.350 | 6.490 | 6.300 | 6.480 | 6.380 | 6.270 | 6.330 | 6.130 |
| Cash Flow per Share 2 | 0.9300 | 3.120 | 0.3600 | 0.7800 | 1.550 | 2.030 | 2.060 | - |
| Capex 1 | 53.9 | 27.1 | 175 | 10.1 | 128 | 5.2 | 5 | 22 |
| Capex / Sales | 15.5% | 4.93% | 85.8% | 3.83% | 32.85% | 1.08% | 0.97% | 4.26% |
| Announcement Date | 2/5/20 | 2/8/21 | 2/8/22 | 2/8/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
11.48
USD
Average target price
13.67
USD
Spread / Average Target
+19.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.33% | 1.85B | |
| +20.49% | 9.19B | |
| +18.70% | 5.22B | |
| +19.69% | 3.58B | |
| +21.22% | 2.67B | |
| +36.43% | 2.56B | |
| +2.31% | 1.79B | |
| -10.01% | 1.41B | |
| +49.36% | 1.22B | |
| +4.54% | 1.11B |
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- Financials DHT Holdings, Inc.
