DHT Holdings (DHT) AI Stock Analysis

• Market Cap: $1.90B
• Dividend Yield: 6.58%
• Average Volume (3M): 1.80M
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.39
• Revenue Growth: -8.89%
• EPS Growth: 21.28%
• Country: US
• Employees: 924
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.35
• Shares Outstanding: 160,557,980
• 10 Day Avg. Volume: 1,769,464
• 30 Day Avg. Volume: 1,798,469
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 3.76
• Enterprise Value/Gross Profit: 10.05
• Enterprise Value/Ebitda: 6.07
• 1Y Price Target: $14.33
• Price Target Upside: 20.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: $12.50 ▲(5.49% Upside)

DHT Holdings' overall score reflects its strong financial performance and attractive valuation, supported by a robust earnings call. Technical indicators suggest a neutral market position, while the absence of significant corporate events limits additional impact.

Positive Factors

Strong Financial Performance

DHT's strong financial performance, with substantial revenue and EBITDA, indicates effective cost management and operational efficiency, supporting long-term profitability.

Robust Balance Sheet

A robust balance sheet with significant liquidity and low leverage enhances DHT's financial stability, enabling strategic investments and resilience against market fluctuations.

Fleet Management and Expansion

Strategic fleet management, including vessel sales and acquisitions, positions DHT for operational efficiency and market competitiveness, supporting long-term growth.

Negative Factors

Decline in Revenue Growth

A declining revenue growth trend could indicate challenges in market demand or pricing power, potentially impacting future earnings and market positioning.

Disappointing Start to Q3 2025

A weak start to Q3 suggests potential ongoing market challenges, which could affect short-term financial results and strategic execution.

Temporary Market Challenges

Market challenges in the VLCC sector, driven by external factors, may pressure DHT's operational performance and profitability in the near to medium term.

DHT Holdings Business Overview & Revenue Model

Company Description

DHT Holdings, Inc. is a leading provider of crude oil transportation services, primarily engaged in the ownership and operation of a fleet of very large crude carriers (VLCCs). The company operates in the shipping sector, focusing on the transport of crude oil across major global trade routes. DHT's core services include the safe and efficient transportation of crude oil from production regions to refineries, leveraging its modern fleet and extensive industry experience.

How the Company Makes Money

DHT Holdings generates revenue primarily through the chartering of its vessels, which are contracted for specific periods to oil companies, traders, and other shipping companies. The company earns income through both time charters and spot market voyages, with time charters providing steady revenue over a specified contract duration, while spot market voyages can yield higher returns based on prevailing market rates. Additionally, DHT may benefit from long-term contracts with key customers, providing stability in revenue streams. Factors such as global oil demand, shipping rates, and operational efficiency significantly impact the company's earnings, along with strategic partnerships that enhance its market presence.

DHT Holdings Financial Statement Overview

Summary

DHT Holdings is in a strong financial position with solid profitability, efficient leverage, and robust cash flow generation. Despite a slight revenue decline, profit margins and cash flows remain strong, providing a stable outlook.

Income Statement

DHT Holdings shows a stable income performance with a positive TTM (Trailing-Twelve-Months) net profit margin of 32.95% and a gross profit margin of 37.39%. However, revenue has decreased by 5.18% in the most recent annual period, which indicates some volatility. The EBIT margin remains strong at 37.65% in TTM, showcasing effective management of operating expenses.

Balance Sheet

The company's balance sheet is solid, with a debt-to-equity ratio of 0.34, indicating a conservative leverage position. ROE is strong at 16.90% in TTM, reflecting efficient use of equity capital. The equity ratio is healthy at 72.50%, indicating strong equity backing for assets, but there is a slight decrease in stockholders' equity over the year.

Cash Flow

DHT Holdings demonstrates robust cash flow generation with an operating cash flow to net income ratio of 1.61 in TTM, showing high-quality earnings. Free cash flow has grown by 37.23% annually, reinforcing its capacity to reinvest and return capital to shareholders. The free cash flow to net income ratio of 0.95 indicates efficient cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	520.39M	571.77M	560.56M	454.14M	295.85M	691.04M
Gross Profit	194.71M	313.56M	210.56M	71.58M	-3.00M	344.04M
EBITDA	322.53M	324.35M	304.01M	210.69M	124.23M	428.64M
Net Income	190.36M	181.38M	161.35M	61.52M	-11.51M	266.27M
Balance Sheet
Total Assets	1.43B	1.49B	1.49B	1.51B	1.61B	1.62B
Cash, Cash Equivalents and Short-Term Investments	82.66M	78.14M	74.74M	125.95M	60.66M	68.64M
Total Debt	302.81M	410.81M	430.14M	400.63M	522.30M	449.96M
Total Liabilities	341.46M	443.89M	460.56M	434.99M	562.00M	513.05M
Stockholders Equity	1.09B	1.04B	1.03B	1.07B	1.05B	1.11B
Cash Flow
Free Cash Flow	182.14M	201.62M	123.18M	117.76M	-114.04M	502.32M
Operating Cash Flow	288.72M	298.65M	251.41M	127.91M	60.56M	529.87M
Investing Cash Flow	-13.14M	-97.03M	-124.98M	110.52M	-86.51M	-26.72M
Financing Cash Flow	-265.74M	-197.91M	-177.76M	-173.34M	17.97M	-501.87M

DHT Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.85
• 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 Positive. The current price of 11.85 is below the 20-day moving average (MA) of 12.41, above the 50-day MA of 11.69, and above the 200-day MA of 10.71, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 44.13 is Neutral, neither overbought nor oversold. The STOCH value of 7.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DHT.

DHT Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STNG	81 Outperform	$2.88B	7.48	23.34%	2.83%	-34.54%	-42.46%
INSW	77 Outperform	$2.28B	9.58	12.57%	7.09%	-22.01%	-54.34%
TNK	76 Outperform	$1.76B	6.28	22.98%	3.92%	-21.71%	-37.58%
NVGS	76 Outperform	$1.07B	12.29	7.10%	1.29%	1.19%	12.56%
DHT	75 Outperform	$1.90B	10.10	17.90%	6.58%	-8.89%	21.28%
LPG	72 Outperform	$1.24B	25.26	4.73%	10.81%	-42.64%	-84.82%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

DHT Holdings Corporate Events

DHT Holdings Announces Strong Q2 2025 Results and Strategic Moves

DHT Holdings, Inc. reported its second quarter 2025 financial results on August 6, 2025, highlighting a net profit of $56 million and an adjusted EBITDA of $69 million. The company entered into several strategic agreements, including a seven-year time charter contract for DHT Appaloosa and the sale of two vessels, DHT Lotus and DHT Peony, generating significant cash proceeds. Additionally, DHT acquired full ownership of Goodwood Ship Management and secured a new credit facility. The company also announced a cash dividend of $0.24 per share, maintaining its policy of distributing 100% of ordinary net income.

DHT Holdings Secures $308.4 Million Credit Facility for Fleet Expansion

On July 30, 2025, DHT Holdings, Inc. announced the securing of a $308.4 million senior secured credit facility to finance four newbuildings under construction in South Korea. This facility, co-arranged by ING Bank and Nordea Bank Abp, reflects confidence in DHT’s long-term strategy and supports its fleet renewal and expansion plans. The credit facility is expected to enhance DHT’s service offerings with the delivery of state-of-the-art VLCCs in the first half of 2026, reinforcing its market position and operational capabilities.

DHT Holdings Reports Q2 2025 Earnings and New Charter Contract

On July 14, 2025, DHT Holdings, Inc. announced its business update for the second quarter of 2025, estimating time charter equivalent earnings of $46,300 per day for its fleet. This includes $48,700 per day for VLCCs in the spot market and $42,800 per day for those on time charter. Additionally, 53% of the third quarter’s available spot days have been booked at an average rate of $40,100 per day. In May 2025, DHT entered a one-year time charter contract for DHT Bauhinia with a global energy company at a rate of $41,500 per day, marking a significant operational development.