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 ($3.5B and $3.3B). TORM PLC trades at the lower P/E: 5.6× against 7.0×. 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 (12.8% vs 11.9%). 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 7.02 5.59 11.68
P/S 4.60 2.01 2.39
P/B 2.50 1.39 1.68
Price to free cash flow 17.79 12.86 8.52
EV/EBITDA 6.04 4.63 9.03
EV/Sales 4.97 2.41 3.43
Earnings yield 14.25% 17.89% 7.78%
Free cash flow yield 5.62% 7.78% 7.11%

Profitability

Metric DHT TRMD Oil & Gas Midstream median
Gross margin 74.23% 85.12% 54.87%
Operating margin 67.31% 39.07% 34.73%
Net margin 65.52% 35.48% 20.12%
Free cash flow margin 25.84% 15.63% 14.43%
Return on equity 39.17% 26.82% 11.73%
Return on assets 29.26% 17.30% 4.43%
Return on invested capital 18.99% 13.19% 6.10%

Growth

Metric DHT TRMD Oil & Gas Midstream median
Revenue growth (TTM) 38.93% 33.16% 14.88%
EPS growth (last fiscal year) 16.96% (55.19%) (7.78%)
Revenue growth, 5-year CAGR (6.33%) 12.38% 10.05%
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 0.77
Current ratio 3.64 2.27 1.19
Net debt to EBITDA 1.05 1.52 3.46

Dividend

Metric DHT TRMD Oil & Gas Midstream median
Dividend yield 11.88% 12.77% 4.94%
Payout ratio 0.83 0.73 0.73

Size

Metric DHT TRMD Oil & Gas Midstream median
Market cap 3.30b 3.52b 3.56b

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