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 $3.3B — 1.2× the size. Scorpio Tankers Inc. trades at the lower P/E: 3.9× against 7.0×. Scorpio Tankers Inc. grew revenue faster over the last twelve months: 39.5% against 38.9%. Scorpio Tankers Inc. has the higher net margin (77.1% vs 65.5%) and the higher return on invested capital (27.2% vs 19.0%). Both pay a dividend; DHT Holdings, Inc. yields more (11.9% vs 2.17%). Across the 23 metrics below, Scorpio Tankers Inc. leads on 18 and DHT Holdings, Inc. on 5.

Valuation

Metric DHT STNG Oil & Gas Midstream median
P/E 7.02 3.94 11.68
P/S 4.60 3.00 2.39
P/B 2.50 0.97 1.68
Price to free cash flow 17.79 1.96 8.52
EV/EBITDA 6.04 2.05 9.03
EV/Sales 4.97 1.95 3.43
Earnings yield 14.25% 25.36% 7.78%
Free cash flow yield 5.62% 51.09% 7.11%

Profitability

Metric DHT STNG Oil & Gas Midstream median
Gross margin 74.23% 73.92% 54.87%
Operating margin 67.31% 82.21% 34.73%
Net margin 65.52% 77.07% 20.12%
Free cash flow margin 25.84% 153.45% 14.43%
Return on equity 39.17% 27.58% 11.73%
Return on assets 29.26% 21.92% 4.43%
Return on invested capital 18.99% 27.23% 6.10%

Growth

Metric DHT STNG Oil & Gas Midstream median
Revenue growth (TTM) 38.93% 39.48% 14.88%
EPS growth (last fiscal year) 16.96% (46.54%) (7.78%)
Revenue growth, 5-year CAGR (6.33%) 0.48% 10.05%
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 0.14 0.77
Current ratio 3.64 20.65 1.19
Net debt to EBITDA 1.05 (0.28) 3.46

Dividend

Metric DHT STNG Oil & Gas Midstream median
Dividend yield 11.88% 2.17% 4.94%
Payout ratio 0.83 0.09 0.73

Size

Metric DHT STNG Oil & Gas Midstream median
Market cap 3.30b 4.12b 3.56b

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