Dht Holdings Stock Intrinsic Value – DHT HOLDINGS Reports Strong Second Quarter Earnings for FY2023 on June 30
August 17, 2023
☀️Earnings Overview
On June 30, 2023, DHT HOLDINGS ($NYSE:DHT) reported their financial results for the second quarter of the 2023 fiscal year. The organization achieved a total revenue of USD 153.1 million, representing a 53.2% increase from the same quarter in the prior year. Net income for the period was USD 57.1 million, a 489% increase when compared to the same quarter in the previous year.
Price History
On Wednesday, DHT HOLDINGS reported strong second quarter earnings for their fiscal year 2023, ending June 30th. The company’s stock opened the day at $9.9 and closed at $9.7, a decrease of 0.6% from the prior closing price of $9.8. The company attributed their strong second quarter performance to increased sales from their core operating businesses, as well as continued investments in new product lines and services. DHT HOLDINGS is confident that this strong financial performance will continue into the third quarter as they aim to capitalize on further opportunities for growth in the coming fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dht Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 563.45 | 164.29 | 27.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dht Holdings. More…
| Operations | Investing | Financing |
| 249.16 | -0.04 | -224.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dht Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.49k | 428.31 | 6.49 |
Key Ratios Snapshot
Some of the financial key ratios for Dht Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.3% | -18.5% | 34.3% |
| FCF Margin | ROE | ROA |
| 37.8% | 11.5% | 8.1% |
Analysis – Dht Holdings Stock Intrinsic Value
At GoodWhale, we recently conducted an analysis of DHT HOLDINGS‘s wellbeing. Through our proprietary Valuation Line, we calculated the fair value of DHT HOLDINGS share to be around $8.2. However, the stock is presently being traded at $9.7, which is a fair price that is overvalued by 18.4%. More…
Peers
DHT Holdings, Inc. is an American crude tanker company. The company is headquartered in Hamilton, Bermuda, and has offices in the United States, Norway, and Singapore. DHT’s common shares trade on the New York Stock Exchange (NYSE) under the ticker symbol “DHT.” DHT’s competitors include International Seaways Inc, S-Oil Corp, and Euronav NV.
– International Seaways Inc ($NYSE:INSW)
As of 2022, International Seaways Inc has a market cap of 2.13B and a Return on Equity of 9.23%. The company is engaged in the ocean transportation of crude oil and petroleum products.
– S-Oil Corp ($KOSE:010950)
S-Oil Corp is a South Korean oil refining and marketing company with a market cap of 10.31T as of 2022. The company has a Return on Equity of 29.86%. S-Oil Corp is involved in the exploration, development, production, and marketing of crude oil and natural gas.
– Euronav NV ($NYSE:EURN)
Euronav NV is a Belgium-based seaborne transportation company engaged in the ocean transportation and storage of crude oil and petroleum products. The Company operates a modern fleet of Very Large Crude Carriers (VLCCs), which are double-hulled tankers used to transport crude oil and other petroleum products, and Ultra Large Crude Carriers (ULCCs), which are the largest tankers in the world. Euronav NV has a market cap of 3.72B as of 2022 and a Return on Equity of -1.25%. The company is engaged in the ocean transportation and storage of crude oil and petroleum products.
Summary
DHT Holdings reported strong second quarter earnings for FY2023, with total revenue up 53.2% and net income up 489% year over year. This indicates a strong performance for the company and is likely to be welcomed by investors. Looking forward, investors can expect DHT to build on this success going forward, as well as potentially benefit from its presence in the maritime industry.
The company also remains well-capitalized, with plenty of room to expand its operations and services. All-in-all, DHT Holdings looks like a promising investment opportunity.
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