DHT Holdings, Inc. (DHT) intrinsic value & 10-year financials
DHT Holdings, Inc. (DHT) has a Graham intrinsic value of $43.51 per share. Over the last 10 fiscal years revenue grew 4.3% a year to $498.4M, with an average return on invested capital of 8.1%.
- Graham intrinsic value
- $43.51
- Revenue (FY2025)
- $498.4M
- Revenue growth (10-yr CAGR)
- 4.3%
- ROIC (10-yr avg)
- 8.1%
- Free cash flow (FY2025)
- —
DHT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $498.4M | $211.0M | $1.31 | — | 45.1% | 15.7% |
| FY2024 | $571.8M | $181.5M | $1.12 | — | 36.8% | 15.2% |
| FY2023 | $560.6M | $161.4M | $0.99 | — | 34.4% | 14.1% |
| FY2022 | $454.1M | $62.0M | $0.37 | — | 16.3% | 5.2% |
| FY2021 | $295.9M | -$11.5M | -$0.07 | $60.5M | 0.1% | 0.0% |
| FY2020 | $691.0M | $266.3M | $1.61 | $529.4M | 45.4% | 19.5% |
| FY2019 | $535.1M | $73.7M | $0.51 | $155.9M | 26.0% | 8.0% |
| FY2018 | $375.9M | $46.9M | -$0.33 | $53.9M | 4.3% | 1.0% |
| FY2017 | $355.1M | -$6.6M | $0.05 | $101.6M | 12.2% | 3.0% |
| FY2016 | — | -$9.3M | $0.10 | — | — | -0.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DHT Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
DHT Holdings, Inc. returns on capital have been average, hovering around 8.1% ROIC over the decade.
Over the decade, DHT Holdings, Inc. shows that management has aggressively returned capital to shareholders by retiring 99.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DHT Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $43.51 per share.