DHT Holdings, Inc.
DHT Holdings, Inc. is an independent crude oil tanker company that provides seaborne transportation services for crude oil across global trade routes. DHT Holdings, Inc. operates a fleet focused on the very large crude carrier segment, serving oil producers, trading houses, and national oil companies through spot and time charter arrangements. The company also provides technical management services and runs integrated management operations in Monaco, Singapore, Norway, and India. Its business is centered on vessel ownership and operation, with an emphasis on crude oil shipping and fleet management. DHT Holdings, Inc. plays a specialized role in the energy transportation market by supporting the international movement of crude oil between major producing and consuming regions.
$24.12
-$0.04 (-0.17%)
EOD Oct 22, 2026
34.52% operating margin is above average. ROIC at 11.38%.
Revenue declined 12.8% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 117% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$33M. The business is consuming cash, not generating it.
8.2x earnings, 108.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$723M
▼ -12.8% YoY
Net Income (TTM)
$474M
▲ +16.3% YoY
Op. Margin
56.84%
▲ +2.6pp YoY
ROIC
11.38%
▼ -1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$36M
▼ -116.5% YoY
Op. Cash Flow (TTM)
$452M
▼ -13.6% YoY
Net Debt
$351M
Cash & Equiv.
$79M
3Y CAGR: +3.1%
Continue Research
Is DHT Holdings (DHT) overvalued?
At a P/E of 8.2 and a price-to-free-cash-flow of 108.9, DHT Holdings (DHT) trades above a two-stage DCF intrinsic value of about $1.67 per share, so at $24.12 the stock looks overvalued (93.1% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, DHT Holdings scores 62/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.4%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is DHT Holdings's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $1.67 per share for DHT, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $1.25. At today's $24.12, that puts the stock about 93.1% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is DHT Holdings a high-quality business?+
DHT Holdings scores 62 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 56.8% operating margin and a 11.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does DHT Holdings (DHT) pay a dividend, and how much?+
Yes, DHT Holdings pays a regular dividend of about $1.05 per share per year (typically in quarterly installments), a yield of roughly 4.4% at the current price. That is a payout ratio of about 35.7% of earnings, so the dividend is amply covered by earnings. DHT Holdings has grown the dividend at roughly 87.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For DHT's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is DHT Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. DHT currently trades above its estimated intrinsic value and scores 62/100 on quality (solid). It also yields about 4.4%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Oil & Gas Midstream
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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