DHT Holdings, Inc.

DHT Energy Oil & Gas Midstream

DHT Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $498.4 million, down 12.8% from fiscal 2024. In the quarter to June 2026, revenue grew 122.1%, EPS grew 251.4%, free cash flow grew 122.3% and total debt rose 43.6%, each against the same quarter a year earlier.

23.60 0.17 +0.73%
Market cap
$3.8B
P/E
8.0×
Fwd P/E
4.7×
Dividend yield
10.4%
F-score
7/9
Altman Z
3.30
Beneish M
−1.96
Dividend safety
36/100
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
9.32 8.29 10.11 22.24 0.00 2.95 16.56 0.00 37.30 44.20
Piotroski F-Score
7 7 7 9 3 8 8 2 3 3
P/S ratio
3.94 2.62 2.90 3.06 2.97 1.18 2.22 1.50 1.31 1.16
Altman Z-Score
3.30 2.78 2.80 2.45 0.99 1.91 1.21 0.40 0.50 0.56
Altman Z″-Score (non-manufacturers)
3.83 3.42 3.40 3.28 1.87 3.47 1.49 0.71 1.28 1.21
P/FCF ratio
17.80 7.43 13.18 6.05 0.00 1.62 11.64 0.00 0.00 0.00
Beneish M-Score
(1.96) 1.51 (2.73) (1.77) (2.14) (3.49) (0.78) (2.61) (1.86) (3.53)
P/Operating CF
26.89 22.79 38.41 15.42 46.43 10.01 23.82 19.85 62.78 14.28
Dividend Safety Score
36 — — — — — — — — —
P/B ratio
1.73 1.44 1.57 1.30 0.84 0.73 1.27 0.65 0.50 0.60
Price to Tangible BV
1.73 1.44 1.58 1.30 0.84 0.73 1.27 0.65 0.50 0.60
EV/Sales
4.64 3.20 3.53 3.65 4.53 1.73 3.68 3.82 3.31 2.82
EV/EBITDA
6.93 5.63 6.48 8.28 10.19 2.73 7.75 11.98 8.38 7.56
EV/Operating CF
8.36 6.13 7.87 12.97 22.11 2.26 12.64 26.57 11.52 5.18
EV/FCF
20.97 9.08 16.05 7.21 (49.63) 2.38 19.31 (7.37) (13.78) (52.16)
Quick Ratio
1.77 1.20 2.66 2.94 2.17 2.06 1.35 1.25 1.44 1.93
Current Ratio
2.80 1.84 3.54 3.66 3.15 2.47 1.68 1.56 2.01 2.40
Net Debt/EBITDA
1.05 1.02 1.16 1.33 3.51 0.87 3.08 7.28 5.06 4.46
Debt/Assets
26.75% 27.54% 28.73% 26.30% 32.45% 27.74% 46.57% 51.90% 45.43% 49.97%
Debt/Equity
0.38 0.39 0.42 0.37 0.50 0.41 0.91 1.12 0.85 1.02
Asset Turnover
0.32 0.38 0.37 0.29 0.18 0.40 0.29 0.21 0.23 0.25
Operating CF/Net income
1.31 1.65 1.56 2.08 (5.26) 1.99 2.12 (1.15) 15.42 20.95
Capex/Depreciation
(1.53) (0.85) (1.15) 0.81 (0.67) (0.22) (0.47) (1.82) (1.93) (2.31)
Interest Coverage
15.88 6.93 5.84 2.83 0.01 8.16 2.51 0.30 1.08 1.16
ROE
19.40% 17.49% 15.33% 5.80% (1.07%) 26.09% 8.21% (5.25%) 0.82% 1.30%
ROA
13.66% 12.18% 10.75% 3.95% (0.71%) 15.44% 3.99% (2.61%) 0.42% 0.65%
ROIC
9.48% 9.58% 8.71% 3.46% 0.01% 13.15% 5.06% 0.59% 1.66% 1.98%
Return on Tangible Assets
17.33% 14.19% 11.30% 4.29% (0.74%) 17.21% 4.39% (2.70%) 0.43% 0.72%
Average Days of Receivables
39.06 34.29 49.39 47.79 37.46 15.88 73.57 58.44 43.39 35.33
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
3.99% 3.31% 3.11% 3.72% 5.60% 2.59% 2.76% 4.00% 4.84% 5.45%
Intangible Assets out of Total Assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Graham Net Nets
(0.13) (0.16) (0.16) (0.14) (0.49) (0.48) (0.57) (1.44) (1.37) (1.31)
Graham Number
14.42 12.76 11.90 7.47 0.00 16.84 8.55 0.00 4.09 4.06
Earnings Yield
10.73% 12.06% 9.89% 4.50% (1.45%) 33.84% 6.04% (8.42%) 2.68% 2.26%
Free Cash Flow Yield
5.62% 13.45% 7.59% 16.54% (3.07%) 61.68% 8.59% (34.63%) (18.33%) (4.67%)
Revenue per Share
3.10 3.54 3.46 2.76 1.75 4.44 3.73 2.62 2.85 3.81
Operating CF per Share
1.72 1.85 1.55 0.78 0.36 3.40 1.09 0.38 0.82 2.08
Capex per Share
(1.04) (0.60) (0.79) 0.62 (0.52) (0.18) (0.38) (1.31) (1.50) (2.28)
Free Cash Flow per Share
0.69 1.25 0.76 1.40 (0.16) 3.23 0.71 (0.94) (0.68) (0.21)
Cash per Share
0.49 0.48 0.46 0.79 0.36 0.44 0.47 0.66 0.62 1.17
Shareholders Equity per Share
7.05 6.46 6.36 6.52 6.19 7.12 6.50 6.01 7.43 7.34
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
7.05 6.46 6.36 6.52 6.19 7.12 6.50 6.01 7.43 7.34
Free Cash Flow
110.23 201.62 123.18 230.16 (26.98) 502.32 102.07 (134.59) (85.14) (19.27)
Working Capital
134.20 92.28 143.89 171.22 90.03 70.35 88.05 69.62 84.11 104.20
Capital Expenditures
(166.42) (97.03) (128.23) 102.25 (87.54) (27.55) (53.88) (188.57) (186.96) (213.27)
Net Current Asset Value
(260.78) (242.00) (260.06) (199.40) (430.03) (394.77) (676.48) (808.86) (637.47) (540.22)
EV/EBIT
10.28 8.69 10.24 22.35 6,629.77 3.81 14.20 88.03 27.10 24.81
Capex to Sales
0.33 0.17 0.23 (0.23) 0.30 0.04 0.10 0.50 0.53 0.60
Price to Operating Income
8.72 7.12 8.41 18.75 4,344.42 2.60 8.55 34.50 10.73 10.19
Other line items
Depreciation/Fixed assets
0.10 0.10 0.09 0.10 0.09 0.08 0.07 0.06 0.07 0.08
Cash ROIC
6.72% 13.18% 8.02% 14.39% (1.66%) 30.86% 5.52% (7.00%) (4.76%) (1.29%)
Accounts Receivable Turnover
9.31 8.83 8.29 10.11 9.79 10.02 6.37 7.34 9.26 9.55
Accounts Payable Turnover
8.71 11.76 9.66 10.57 8.92 10.48 10.10 10.32 12.46 9.67
Inventory Turnover
6.45 7.22 7.21 7.80 7.52 9.70 8.02 8.51 11.76 15.19
Average Days of Payables
41.32 33.13 31.02 41.38 42.16 30.32 32.95 43.97 34.25 35.52
Days of Inventory on Hand
44.80 53.27 51.18 46.55 71.61 19.42 46.80 49.47 46.53 22.69
Average Receivables
53.53 64.78 67.66 44.91 30.21 68.95 84.02 51.20 38.34 37.28
Average Payables
23.10 21.96 24.95 24.53 19.08 21.25 26.32 23.03 14.90 13.16
Average Inventory
31.19 35.75 33.44 33.23 22.63 22.97 33.15 27.94 15.79 8.38
Average Assets
1,544.77 1,489.41 1,500.35 1,558.92 1,615.68 1,724.60 1,845.54 1,797.18 1,567.12 1,413.77
Average Common Equity
1,087.98 1,037.18 1,052.58 1,060.42 1,078.15 1,020.69 897.06 893.78 805.45 711.45

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