DHT Holdings, Inc. (DHT) vs Golar LNG Limited (GLNG)

DHT Holdings, Inc. and Golar LNG Limited are both Oil & Gas Midstream companies. Golar LNG Limited is the larger, with a market value of $4.6B against $3.8B — 1.2× the size. DHT Holdings, Inc. trades at the lower P/E: 8.0× against 28.6×. Golar LNG Limited grew revenue faster over the last twelve months: 59.7% against 38.9%. DHT Holdings, Inc. has the higher net margin (65.5% vs 35.7%) and the higher return on invested capital (19.0% vs 3.71%). Both pay a dividend; DHT Holdings, Inc. yields more (10.4% vs 2.21%). Across the 22 metrics below, DHT Holdings, Inc. leads on 17 and Golar LNG Limited on 5.

Valuation

Metric DHT GLNG Oil & Gas Midstream median
P/E 8.03 28.65 12.77
P/S 5.26 10.11 2.36
P/B 2.86 2.09 2.09
Price to free cash flow 20.35 n/m 9.71
EV/EBITDA 6.84 21.35 8.30
EV/Sales 5.63 13.77 3.88
Earnings yield 12.46% 3.49% 7.15%
Free cash flow yield 4.91% (9.55%) 6.86%

Profitability

Metric DHT GLNG Oil & Gas Midstream median
Gross margin 74.23% 65.48% 56.58%
Operating margin 67.31% 50.45% 34.18%
Net margin 65.52% 35.65% 22.50%
Free cash flow margin 25.84% (96.52%) 13.70%
Return on equity 39.17% 7.21% 14.65%
Return on assets 29.26% 3.32% 5.00%
Return on invested capital 18.99% 3.71% 6.13%

Growth

Metric DHT GLNG Oil & Gas Midstream median
Revenue growth (TTM) 38.93% 59.70% 15.60%
EPS growth (last fiscal year) 16.96% 35.42% (7.86%)
Revenue growth, 5-year CAGR (6.33%) (2.15%) 9.59%
Net income growth, 5-year CAGR (4.54%) 0.00% 0.00%

Health

Metric DHT GLNG Oil & Gas Midstream median
Debt to equity 0.33 1.22 0.78
Current ratio 3.64 2.34 1.19
Net debt to EBITDA 1.05 9.20 3.42

Dividend

Metric DHT GLNG Oil & Gas Midstream median
Dividend yield 10.38% 2.21% 4.54%
Payout ratio 0.83 0.63 0.76

Size

Metric DHT GLNG Oil & Gas Midstream median
Market cap 3.78b 4.59b 3.73b

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