DHT Holdings, Inc. (DHT) vs Scorpio Tankers Inc. (STNG)

DHT Holdings, Inc. and Scorpio Tankers Inc. are both Oil & Gas Midstream companies. Scorpio Tankers Inc. is the larger, with a market value of $4.1B against $3.5B — 1.2× the size. Scorpio Tankers Inc. trades at the lower P/E: 4.6× against 7.4×. DHT Holdings, Inc. grew revenue faster over the last twelve months: 38.9% against 32.7%. Scorpio Tankers Inc. has the higher net margin (67.2% vs 65.5%) and the higher return on invested capital (20.6% vs 19.0%). Both pay a dividend; DHT Holdings, Inc. yields more (15.0% vs 1.78%). Across the 23 metrics below, Scorpio Tankers Inc. leads on 17 and DHT Holdings, Inc. on 6.

Valuation

Metric DHT STNG Oil & Gas Midstream median
P/E 7.41 4.64 13.19
P/S 4.85 3.07 2.60
P/B 2.64 1.03 2.08
Price to free cash flow 18.78 2.13 10.14
EV/EBITDA 6.35 2.60 8.11
EV/Sales 5.23 2.16 3.89
Earnings yield 13.50% 21.54% 6.83%
Free cash flow yield 5.33% 46.89% 6.94%

Profitability

Metric DHT STNG Oil & Gas Midstream median
Gross margin 74.23% 72.97% 58.81%
Operating margin 67.31% 68.57% 32.14%
Net margin 65.52% 67.16% 21.16%
Free cash flow margin 25.84% 144.00% 10.15%
Return on equity 39.17% 24.62% 11.30%
Return on assets 29.26% 18.95% 5.00%
Return on invested capital 18.99% 20.59% 6.13%

Growth

Metric DHT STNG Oil & Gas Midstream median
Revenue growth (TTM) 38.93% 32.68% 15.44%
EPS growth (last fiscal year) 16.96% (46.54%) —
Revenue growth, 5-year CAGR (6.33%) 0.48% 8.96%
Net income growth, 5-year CAGR (4.54%) 29.61% 0.00%

Health

Metric DHT STNG Oil & Gas Midstream median
Debt to equity 0.33 0.20 0.78
Current ratio 3.64 6.93 1.19
Net debt to EBITDA 1.05 (0.28) 3.42

Dividend

Metric DHT STNG Oil & Gas Midstream median
Dividend yield 14.99% 1.78% 7.29%
Payout ratio 0.69 0.05 0.64

Size

Metric DHT STNG Oil & Gas Midstream median
Market cap 3.47b 4.05b 3.61b

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