Présentation de l'entreprise
DHT Holdings, Inc. owns and operates a fleet of very large crude carriers, primarily servicing crude oil tankers in key global locations including Monaco, Singapore, Norway, and India, while also providing technical management services. The company operates within the Energy sector, specifically the Oil & Gas Midstream industry, which involves the transportation and storage of crude oil through specialized maritime infrastructure. As of the latest available data, the enterprise holds a market capitalization of $2.96B, generates annual revenue of $551.34M, and employs 737 individuals. These valuation figures indicate that the market assigns a significant value to the company's asset base and operational scale, positioning it as a substantial player in the global crude oil logistics chain with a tangible workforce supporting its maritime operations.
Santé financière
The company reported revenue of $551.34M over the trailing twelve months, resulting in a net income of $211.09M and an EBITDA of $321.03M. The substantial gap between the revenue figure and the net income reveals a robust cost structure where operating expenses and taxes account for approximately 61.7% of total revenue, while EBITDA remains significantly higher at 58.2% of revenue. However, the free cash flow stands at $-67,223,248, which indicates a temporary cash outflow likely driven by capital expenditures for fleet maintenance or expansion, thereby constraining immediate financial flexibility despite strong earnings. Profitability is underscored by a gross margin of 63.5%, an operating margin of 47.4%, and a profit margin of 38.3%, all of which demonstrate efficient conversion of revenue into profit at multiple stages of the business model. On the balance sheet, the company holds $79.04M in cash against $434.57M in debt, supported by a debt-to-equity ratio of 38.35, suggesting a leveraged capital structure typical for capital-intensive midstream assets. Liquidity is strong as evidenced by a current ratio of 2.80, indicating that current assets are nearly three times current liabilities and providing ample coverage for short-term obligations. Management effectiveness is reflected in a return on equity of 19.4% and a return on assets of 9.1%, metrics that show the company generates high returns relative to the shareholders' investment and the total asset base employed.
Évaluation de la valorisation
Valuation metrics include a trailing P/E ratio of 14.01 and a forward P/E of 13.36, where the lower forward multiple implies that the market expects earnings to grow in the coming period compared to the current fiscal year. The price-to-book ratio is 2.60, indicating that the market values the company at a significant premium over its book value, likely reflecting the high quality of its crude carrier fleet and intangible technical services. Alternative valuation measures such as a price-to-sales ratio of 5.36 and an EV/EBITDA of 10.31 provide context on how the company is priced relative to its sales volume and earnings before interest, taxes, depreciation, and amortization. Regarding price action, the 52-week high is $20.55 and the 52-week low is $9.50, meaning the current trading price sits at a level that requires calculation to determine its precise percentage distance from the high, though the beta of -0.10 suggests the stock price moves inversely or with negligible correlation to the broader market, presenting a unique volatility profile. The negative beta value of -0.10 is particularly notable, as it implies the stock may hedge against general market declines rather than amplify them, offering a distinct risk-return characteristic compared to standard equities.
Growth & Income
Revenue growth year-over-year is recorded at 9.7%, while earnings growth year-over-year reaches 20.6%, demonstrating that earnings are expanding at more than double the rate of revenue, which implies improving operational leverage and margin expansion. For investors focused on income, the company offers a dividend yield of 8.9% with a payout ratio of 56.5%, suggesting that the dividend distribution is sustainable given the strong profitability and a payout level that covers less than two-thirds of net income. The combination of high revenue growth, accelerating earnings growth, and a substantial dividend yield creates a hybrid profile that balances capital appreciation potential with current income generation. This overall growth and income profile positions the stock as a value-oriented equity within the energy sector that delivers both yield and earnings acceleration.