DHT Holdings (DHT) AI Stock Analysis

• Market Cap: $2.05B
• Dividend Yield: 5.79%
• Average Volume (3M): 1.81M
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.44
• Revenue Growth: -16.45%
• EPS Growth: 23.94%
• Country: US
• Employees: 924
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.28
• Shares Outstanding: 160,557,980
• 10 Day Avg. Volume: 1,466,808
• 30 Day Avg. Volume: 1,808,729
• PEG Ratio: 0.63
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 2.62
• P/FCF Ratio: 7.43
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 4.34
• Enterprise Value/Gross Profit: 11.52
• Enterprise Value/Ebitda: 6.49
• 1Y Price Target: $15.67
• Price Target Upside: 22.52% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 1.01
• Revenue Forecast (FY): $374.67M

• Rating: 72 Outperform
• Price Target: $15.00 ▲(17.28% Upside)

DHT Holdings demonstrates strong profitability and a solid balance sheet, supported by positive earnings call highlights and bullish technical indicators. However, challenges such as declining revenue growth, cash flow issues, and market volatility pose risks. The stock's valuation is reasonable, offering a good dividend yield.

Positive Factors

Strong Balance Sheet

A low debt-to-equity ratio indicates financial stability and low leverage, providing flexibility for future investments and growth.

Robust Liquidity

Strong liquidity ensures DHT can meet short-term obligations and invest in opportunities, supporting long-term operational stability.

Positive Market Outlook

A strong VLCC market outlook suggests sustained demand for DHT's services, potentially leading to stable revenue growth.

Negative Factors

Declining Revenue Growth

Decreasing revenue growth can signal challenges in maintaining market share or pricing power, impacting long-term profitability.

Negative Free Cash Flow Growth

Negative free cash flow growth may limit DHT's ability to fund operations and investments, affecting future expansion and resilience.

Interest Rate Swap Loss

Losses from interest rate swaps can increase financial risk and affect net income, impacting long-term financial performance.

DHT Holdings Business Overview & Revenue Model

Company Description

DHT Holdings, Inc. is a leading international shipping company focused on the transportation of crude oil and refined petroleum products. The company operates a modern fleet of double-hulled oil tankers and engages primarily in the transportation of crude oil across global shipping routes. DHT Holdings is committed to providing safe and efficient shipping services while maintaining high standards of environmental responsibility.

How the Company Makes Money

DHT Holdings generates revenue primarily through the chartering of its tanker fleet to oil companies and traders under time charters and spot contracts. The company's revenue model is heavily reliant on the fluctuating spot market rates for shipping services, which can vary based on global oil demand, shipping supply, and geopolitical factors. Additionally, DHT may enter into long-term contracts that provide a more stable revenue stream. The company also benefits from operational efficiencies and cost management strategies that help to maximize profitability during favorable market conditions. Significant relationships with major oil companies enhance DHT's market presence and contribute to its revenue stability.

DHT Holdings Financial Statement Overview

Summary

DHT Holdings presents a solid financial position with strong profitability and cash flow metrics. The company has a high net profit margin and robust cash flow management, although revenue growth has recently declined. The debt-to-equity ratio is manageable, supporting financial stability.

Income Statement

DHT Holdings has shown strong profitability with a high net profit margin of 32.95% TTM, indicating efficient cost management. However, the revenue growth rate has declined by 4.01% TTM, which could be a concern if the trend continues. The EBIT and EBITDA margins are robust, reflecting operational efficiency.

Balance Sheet

The company's debt-to-equity ratio of 0.34 TTM suggests a moderate level of leverage, which is manageable. The return on equity is healthy at 17.16% TTM, indicating effective use of equity capital. However, the equity ratio is not explicitly provided, which limits a full assessment of asset financing.

Cash Flow

DHT Holdings has demonstrated strong cash flow management with a free cash flow growth rate of 7.76% TTM. The operating cash flow to net income ratio is 2.67, indicating good cash generation relative to net income. The free cash flow to net income ratio of 0.59 suggests a solid conversion of earnings into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	485.63M	571.77M	560.56M	454.14M	295.85M	691.04M
Gross Profit	183.16M	313.56M	210.56M	71.58M	-3.00M	344.04M
EBITDA	325.26M	324.35M	304.01M	212.02M	143.22M	429.83M
Net Income	199.96M	181.38M	161.35M	61.52M	-11.52M	266.27M
Balance Sheet
Total Assets	1.40B	1.49B	1.49B	1.51B	1.61B	1.62B
Cash, Cash Equivalents and Short-Term Investments	81.25M	78.14M	74.74M	125.95M	60.37M	68.64M
Total Debt	268.53M	413.58M	430.14M	396.69M	525.58M	449.96M
Total Liabilities	302.38M	443.89M	460.56M	434.99M	562.00M	513.05M
Stockholders Equity	1.10B	1.04B	1.03B	1.07B	1.05B	1.11B
Cash Flow
Free Cash Flow	152.20M	201.62M	123.18M	117.76M	-114.04M	502.32M
Operating Cash Flow	269.47M	298.65M	251.41M	127.91M	60.56M	529.87M
Investing Cash Flow	26.25M	-97.03M	-124.98M	110.52M	-86.51M	-26.72M
Financing Cash Flow	-287.92M	-197.91M	-177.76M	-173.34M	17.97M	-501.87M

DHT Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 12.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DHT, the sentiment is Neutral. The current price of 12.79 is below the 20-day moving average (MA) of 13.21, above the 50-day MA of 12.54, and above the 200-day MA of 11.22, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 14.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DHT.

DHT Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVGS	79 Outperform	$1.16B	11.83	8.57%	1.24%	2.46%	33.89%
STNG	75 Outperform	$2.89B	9.10	9.63%	2.92%	-35.37%	-57.86%
LPG	73 Outperform	$1.06B	11.13	8.81%	12.77%	-27.21%	-62.22%
DHT	72 Outperform	$2.05B	10.26	18.81%	5.79%	-16.45%	23.94%
INSW	70 Outperform	$2.53B	11.64	11.43%	5.68%	-23.59%	-57.70%
TNK	68 Neutral	$1.91B	6.13	17.02%	3.62%	-20.11%	-26.44%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

DHT Holdings Corporate Events

DHT Holdings Reports Q3 2025 Results and Strategic Developments

On October 29, 2025, DHT Holdings, Inc. reported its financial results for the third quarter of 2025, highlighting a net profit of $44.8 million and adjusted EBITDA of $57.7 million. The company also announced a $308.4 million credit facility for financing newbuildings and a $64 million revolving credit facility for a vessel acquisition. The sale of DHT Peony contributed a $15.7 million gain, and a dividend of $0.18 per share was declared. The VLCC market is experiencing growth due to increased demand for crude oil transportation, influenced by geopolitical factors and Chinese stockpiling needs.

DHT Holdings Appoints CEO Svein Moxnes Harfjeld to Board of Directors

On October 13, 2025, DHT Holdings announced the appointment of Svein Moxnes Harfjeld, its current President and CEO, to the Board of Directors, reinforcing the company’s strategic insight and operational expertise. This appointment reflects DHT’s commitment to shareholder value and corporate governance, enhancing the board’s balance of independence and executive experience.