DHT (DHT) versus Its Peers Financial Analysis

DHT (NYSE:DHT) is one of 1,051 publicly-traded companies in the “Oil, Gas & Consumable Fuels” industry, but how does it compare to its peers? We will compare DHT to related businesses based on the strength of its dividends, profitability, earnings, risk, valuation, analyst recommendations and institutional ownership.

Dividends

DHT pays an annual dividend of $4.88 per share and has a dividend yield of 22.4%. DHT pays out 166.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Oil, Gas & Consumable Fuels” companies pay a dividend yield of 8.9% and pay out -122.4% of their earnings in the form of a dividend.

Insider & Institutional Ownership

58.5% of DHT shares are owned by institutional investors. Comparatively, 30.8% of shares of all “Oil, Gas & Consumable Fuels” companies are owned by institutional investors. 1.6% of DHT shares are owned by company insiders. Comparatively, 15.3% of shares of all “Oil, Gas & Consumable Fuels” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares DHT and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
DHT	65.52%	39.40%	28.63%
DHT Competitors	-470.80%	19.34%	6.40%

Risk and Volatility

DHT has a beta of -0.03, suggesting that its stock price is 103% less volatile than the S&P 500. Comparatively, DHT’s peers have a beta of -3.72, suggesting that their average stock price is 472% less volatile than the S&P 500.

Analyst Ratings

This is a summary of current recommendations for DHT and its peers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
DHT	0	2	1	1	2.75
DHT Competitors	5969	26960	40801	2413	2.52

DHT currently has a consensus target price of $27.00, indicating a potential upside of 24.21%. As a group, “Oil, Gas & Consumable Fuels” companies have a potential upside of 25.86%. Given DHT’s peers higher possible upside, analysts plainly believe DHT has less favorable growth aspects than its peers.

Earnings and Valuation

This table compares DHT and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
DHT	$498.40 million	$211.09 million	7.39
DHT Competitors	$14.79 billion	$5.51 billion	-0.31

DHT’s peers have higher revenue and earnings than DHT. DHT is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Summary

DHT beats its peers on 9 of the 15 factors compared.

DHT Company Profile

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.