DHT Holdings, Inc. (DHT) vs Teekay Tankers Ltd. (TNK)

DHT Holdings, Inc. and Teekay Tankers Ltd. are both Oil & Gas Midstream companies. DHT Holdings, Inc. is the larger, with a market value of $3.8B against $3.4B — 1.1× the size. Teekay Tankers Ltd. trades at the lower P/E: 5.7× against 8.0×. DHT Holdings, Inc. grew revenue faster over the last twelve months: 38.9% against 15.6%. DHT Holdings, Inc. has the higher net margin (65.5% vs 51.4%) and the lower return on invested capital (19.0% vs 29.3%). Both pay a dividend; DHT Holdings, Inc. yields more (10.4% vs 1.03%). Across the 23 metrics below, Teekay Tankers Ltd. leads on 15 and DHT Holdings, Inc. on 8.

Valuation

Metric DHT TNK Oil & Gas Midstream median
P/E 8.03 5.69 12.77
P/S 5.26 2.93 2.36
P/B 2.86 1.42 2.09
Price to free cash flow 20.35 5.18 9.71
EV/EBITDA 6.84 3.45 8.30
EV/Sales 5.63 1.90 3.88
Earnings yield 12.46% 17.58% 7.15%
Free cash flow yield 4.91% 19.31% 6.86%

Profitability

Metric DHT TNK Oil & Gas Midstream median
Gross margin 74.23% 50.33% 56.58%
Operating margin 67.31% 47.65% 34.18%
Net margin 65.52% 51.35% 22.50%
Free cash flow margin 25.84% 56.49% 13.70%
Return on equity 39.17% 28.04% 14.65%
Return on assets 29.26% 25.45% 5.00%
Return on invested capital 18.99% 29.30% 6.13%

Growth

Metric DHT TNK Oil & Gas Midstream median
Revenue growth (TTM) 38.93% 15.60% 15.60%
EPS growth (last fiscal year) 16.96% (13.16%) (7.86%)
Revenue growth, 5-year CAGR (6.33%) 1.43% 9.59%
Net income growth, 5-year CAGR (4.54%) 32.10% 0.00%

Health

Metric DHT TNK Oil & Gas Midstream median
Debt to equity 0.33 0.00 0.78
Current ratio 3.64 9.99 1.19
Net debt to EBITDA 1.05 (2.16) 3.42

Dividend

Metric DHT TNK Oil & Gas Midstream median
Dividend yield 10.38% 1.03% 4.54%
Payout ratio 0.83 0.06 0.76

Size

Metric DHT TNK Oil & Gas Midstream median
Market cap 3.78b 3.37b 3.73b

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