DHT Holdings Inc. (DHT)

FairStock Score: 70/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

DHT Holdings is a crude oil tanker owner with 22 very large crude carriers and 737 employees. This is a commoditized, cyclical business; the ships are necessary but not unique, so I do not see a durable moat. What I do see is a powerful upcycle. In fiscal Q2 2026, revenue was $285.0M and net income was $198.3M, a 69.59% net margin. The balance sheet looks sound: debt-to-equity is 0.33, Altman Z is 4.37, and Piotroski F-score is 8/9. Returns are high: ROE 39.17% and ROCE 18.75%. At the close on 2026-10-13, price was $26.59, market cap $2.9B, P/E 9.04, P/B 3.22, EV/EBITDA 5.30, and PEG 0.04. The earnings multiple and enterprise multiple look modest for these profits, and the 20.97% dividend yield is eye-catching. But Graham Number is $23.36, so at $26.59 the margin of safety is -13.83%; price is above that conservative value. Free cash flow is only $35.7M, a 1.2% FCF yield, which makes me question how much of the reported profit is turning into distributable cash after capex and working capital. FairStock Score is 70/100, and its Lynch rule assigns no category because only 0 years of filed results are available, needing 3. The 52-week range is $11.64-$26.89, so the stock is near its high. I would call this a cyclical, no-moat business enjoying peak-like conditions, with a decent balance sheet and cheap trailing earnings, but limited margin of safety on asset value and weak free cash flow.

In plain English: DHT Holdings owns and operates a fleet of very large crude oil tankers. In fiscal Q2 2026, revenue was $285.0 million and net income was $198.3 million, so the business is earning large profits right now. The stock price is near the top of its 52-week range and looks close to fair on earnings, but it is not cheap against a simple asset-and-earnings value check.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer