DHT Holdings, Inc. (DHT) vs TORM PLC (TRMD)

DHT Holdings, Inc. and TORM PLC are both Oil & Gas Midstream companies. DHT Holdings, Inc. and TORM PLC are of similar size ($4.0B and $3.8B). TORM PLC trades at the lower P/E: 6.2× against 8.0×. DHT Holdings, Inc. grew revenue faster over the last twelve months: 38.9% against 33.2%. DHT Holdings, Inc. has the higher net margin (65.5% vs 35.5%) and the higher return on invested capital (19.0% vs 13.2%). Both pay a dividend; TORM PLC yields more (11.6% vs 10.4%). Across the 23 metrics below, TORM PLC leads on 12 and DHT Holdings, Inc. on 11.

Valuation

Metric DHT TRMD Oil & Gas Midstream median
P/E 8.03 6.17 12.77
P/S 5.26 2.22 2.36
P/B 2.86 1.53 2.09
Price to free cash flow 20.35 14.19 9.71
EV/EBITDA 6.84 5.03 8.30
EV/Sales 5.63 2.62 3.88
Earnings yield 12.46% 16.20% 7.15%
Free cash flow yield 4.91% 7.05% 6.86%

Profitability

Metric DHT TRMD Oil & Gas Midstream median
Gross margin 74.23% 85.12% 56.58%
Operating margin 67.31% 39.07% 34.18%
Net margin 65.52% 35.48% 22.50%
Free cash flow margin 25.84% 15.63% 13.70%
Return on equity 39.17% 26.82% 14.65%
Return on assets 29.26% 17.30% 5.00%
Return on invested capital 18.99% 13.19% 6.13%

Growth

Metric DHT TRMD Oil & Gas Midstream median
Revenue growth (TTM) 38.93% 33.16% 15.60%
EPS growth (last fiscal year) 16.96% (55.19%) (7.86%)
Revenue growth, 5-year CAGR (6.33%) 12.38% 9.59%
Net income growth, 5-year CAGR (4.54%) 26.49% 0.00%

Health

Metric DHT TRMD Oil & Gas Midstream median
Debt to equity 0.33 0.42 0.78
Current ratio 3.64 2.27 1.19
Net debt to EBITDA 1.05 1.52 3.42

Dividend

Metric DHT TRMD Oil & Gas Midstream median
Dividend yield 10.38% 11.57% 4.54%
Payout ratio 0.83 0.73 0.76

Size

Metric DHT TRMD Oil & Gas Midstream median
Market cap 3.78b 3.97b 3.73b

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