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 $3.3B against $2.8B — 1.2× the size. Teekay Tankers Ltd. trades at the lower P/E: 4.9× against 7.0×. 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 (11.9% vs 1.20%). 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 7.02 4.88 11.68
P/S 4.60 2.51 2.39
P/B 2.50 1.22 1.68
Price to free cash flow 17.79 4.44 8.52
EV/EBITDA 6.04 2.69 9.03
EV/Sales 4.97 1.48 3.43
Earnings yield 14.25% 20.51% 7.78%
Free cash flow yield 5.62% 22.52% 7.11%

Profitability

Metric DHT TNK Oil & Gas Midstream median
Gross margin 74.23% 50.33% 54.87%
Operating margin 67.31% 47.65% 34.73%
Net margin 65.52% 51.35% 20.12%
Free cash flow margin 25.84% 56.49% 14.43%
Return on equity 39.17% 28.04% 11.73%
Return on assets 29.26% 25.45% 4.43%
Return on invested capital 18.99% 29.30% 6.10%

Growth

Metric DHT TNK Oil & Gas Midstream median
Revenue growth (TTM) 38.93% 15.60% 14.88%
EPS growth (last fiscal year) 16.96% (13.16%) (7.78%)
Revenue growth, 5-year CAGR (6.33%) 1.43% 10.05%
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 0.77
Current ratio 3.64 9.99 1.19
Net debt to EBITDA 1.05 (2.16) 3.46

Dividend

Metric DHT TNK Oil & Gas Midstream median
Dividend yield 11.88% 1.20% 4.94%
Payout ratio 0.83 0.06 0.73

Size

Metric DHT TNK Oil & Gas Midstream median
Market cap 3.30b 2.84b 3.56b

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