DHT Holdings (DHTN) AI Stock Analysis

DHT Holdings

(BMV:DHTN)

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Positive Factors

Profitability and Revenue GrowthTTM profitability and accelerated revenue growth show that DHT is currently converting strong tanker demand into substantial earnings. This improves internal funding capacity and reinforces the company’s ability to support fleet investment and shareholder distributions over the next several quarters.

Negative Factors

Earnings CyclicalityShipping earnings can change sharply as tanker rates and trade flows move through the cycle. DHT’s history includes losses in 2021 and the current margin surge may normalize in a downturn, making present profitability less dependable for long-term planning.

DHT Holdings (DHTN) vs. SPDR S&P 500 ETF (SPY)

Market Cap: MXN 4.03B
Dividend Yield: 8.96%
Average Volume (3M): 340
Price to Earnings (P/E): 8.5
Beta (1Y): 0.63
Revenue Growth: 25.93%
EPS Growth: 122.51%
Country: Mexico
Employees: 737
Sector: Energy
Sector Strength: 65
Industry: Marine Shipping

DHT Holdings Business Overview & Revenue Model

Company Description

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India. The company also offers technical management services. As of December 15, 2025, it had a fleet of 22 very large crude...

DHT Holdings Earnings Call Summary

Earnings Call Date:May 04, 2026(Q1-2026)|% Change Since:67.43%|Next Earnings Date:Nov 08, 2026

Earnings Call SentimentPositive

The call conveys a broadly positive operational and financial picture: strong TCE earnings, high adjusted EBITDA margin, robust liquidity, disciplined capital allocation (100% ordinary net income dividend policy) and successful fleet renewal with newbuilding deliveries and favorable chartering activity. Offsetting risks are primarily external: regional geopolitical volatility that has introduced route-specific risk premiums and transactional uncertainty, limited immediate external acquisition opportunities as sellers retain tonnage amid strong freight, and some non-recurring OPEX items. On balance, the highlights substantially outweigh the lowlights.

Positive Updates

Strong Quarterly Financial Performance

Q1 2026 TCE-based revenues of $157.0M and adjusted EBITDA of $133.0M (EBITDA margin ≈ 84.7%). Reported net income of $164.5M ($1.02 per share), with ordinary net income after adjustments of $103.4M ($0.64 per share). The $61.1M difference between reported net income and ordinary net income is attributable to a $60.0M gain on sale of DHT Europe and DHT China plus a $1.1M non-cash fair value gain on interest rate derivatives.

Negative Updates

Geopolitical Risk and Market Volatility

Conflict-related disruptions in the Middle East generated elevated risk premiums and route-specific earnings dispersion. Management cited ~57 VLCCs reportedly inside the Gulf with cargo waiting to exit, creating uncertainty on timing for normalization and potential short-term supply imbalances.

Company Guidance

DHT's forward-looking guidance emphasized breakevens, booking coverage and liquidity: P&L breakeven for the last three quarters of 2026 is estimated at $29,700/day and cash breakeven at $23,400/day (a $6,300/day discretionary cash flow gap retained for corporate purposes); for Q2 2026 the company expects 997 time‑charter days at an average $73,900/day and 1,025 spot days (88% already booked) at an average $168,300/day (spot P&L breakeven for the quarter is estimated to be < $0 because time‑charter earnings are expected to exceed forecasted costs); DHT reiterated its capital allocation (100% of ordinary net income as dividends and a $0.64/share Q1 dividend), flagged total liquidity of $350M (cash $126M, $230M availability under two RCFs; post‑April repayment current RCF availability reported at $285.8M), financial leverage ~16.8% (market values) with net debt ~$16.5M per vessel, plans for delivery of the fourth Antelope newbuilding this summer, a 2026 dry‑dock program of seven vessels, and expected sale proceeds/capital gain on the last older ship (DHT Bauhinia) of ~$50.5M/~$34.2M; additionally five older ships are on 1‑year charters averaging ~$101,000/day.

DHT Holdings Risk Analysis

DHT Holdings disclosed 43 risk factors in its most recent earnings report. DHT Holdings reported the most risks in the "Finance & Corporate" category.

Finance & Corporate17
Tech & Innovation1
Legal & Regulatory9
Production6
Ability to Sell4
Macro & Political6

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

1 New Risk

1.Recently enacted income tax laws in Bermuda may adversely affect our business, financial condition or results of operation.Q4, 2023

DHT Holdings Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

MX:DHTN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TNK	90Outperform	$3.50B	5.92	27.73%	1.98%	19.33%	110.30%
FRO	86Outperform	$12.67B	8.53	54.89%	10.86%	48.84%	524.52%
ECO	81Outperform	$3.89B	9.34	―	9.42%	105.24%	413.89%
INSW	77Outperform	$5.73B	7.10	37.04%	11.26%	57.66%	225.95%
NAT	77Outperform	$1.67B	13.59	26.85%	9.99%	29.11%	814.26%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

* Energy Sector Average

Performance Comparison

MX:DHTN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
MX:DHTN	Dht Holdings	470.00	256.43	120.06%
FRO	Frontline	52.08	31.99	159.25%
NAT	Nordic American Tanker Shipping	7.29	4.25	139.72%
TNK	Teekay Tankers	95.47	37.51	64.71%
INSW	International Seaways	105.68	63.48	150.43%
ECO	Okeanis Eco Tankers Corp.	76.15	48.18	172.25%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

DHT Holdings AI Stock Analysis