Added to YB: 2025-07-25
Pitch date: 2025-07-20
DHT [neutral]
DHT Holdings, Inc.
+19.09%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.
Market Cap
$2.2B
Pitch Price
$10.45
Price Target
14.00 (+13%)
Dividend
6.95%
EV/EBITDA
8.39
P/E
11.02
EV/Sales
4.44
Sector
Oil, Gas and Consumable Fuels
Category
value
Equity Research Update on DHT
DHT: Pure-play VLCC operator at $11/share (1.0-1.1x P/NAV), 25 modern vessels. 2025 upside: VLCC fleet growth only 1.6%, OPEC+ increasing supply, rates projected $60k/day Q3, $75k/day Q4. Conservative 0.5x net debt/EBITDA, 100% income payout policy. $332.4M 2025E EBITDA. Base case $12, bull $14, bear $10.
Read full article (6 min)