DHT
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 8.29 | 9.91 | 24.00 | -74.14 |
| Price to Sales | 2.62 | 2.84 | 3.22 | 2.97 |
| Book Value Per Common Share | 6.49 | 6.38 | 6.57 | 6.30 |
| Price to Book | 1.43 | 1.54 | 1.35 | 0.82 |
| Price to Operating Cash Flow | 5.02 | 6.33 | 11.43 | 14.49 |
| Price to Free Cash Flow | 7.43 | 12.92 | 12.42 | -7.69 |
| Enterprise Value to EBITDA | 45822.94 | 51953.76 | 68125.44 | 60204.61 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 42.68 | 30.89 | 38.89 | 27.32 | 50.14 |
| Price to Sales | 17.90 | 13.53 | 14.21 | 11.40 | 12.53 |
| Book Value Per Common Share | 6.81 | 6.77 | 6.58 | 6.49 | 6.38 |
| Price to Book | 1.75 | 1.60 | 1.60 | 1.43 | 1.73 |
| Price to Operating Cash Flow | 31.56 | 20.78 | 28.46 | 22.78 | 22.22 |
| Price to Free Cash Flow | 86.10 | 39.74 | 50.46 | 28.38 | 34.09 |
| Enterprise Value to EBITDA | 261605.60 | 201220.52 | 220413.84 | 167166.38 | 251832.79 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | 13.13 | 167.57 | ||
| Revenue YoY | 2.00 | 23.43 | 53.50 | |
| EBITDA YoY | 6.69 | 43.39 | 48.04 | |
| Net Profit YoY | 12.41 | 162.28 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -20.00 | 29.63 | -20.59 | 54.55 | |
| Revenue YoY | -16.34 | 8.22 | -9.75 | -7.54 | |
| EBITDA YoY | -14.97 | 12.91 | -13.95 | 25.72 | |
| Net Profit YoY | -20.14 | 27.15 | -19.68 | 56.04 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 0.48 | 0.46 | 0.76 | 0.36 |
| Quick Ratio | 1.20 | 2.66 | 2.88 | 2.16 |
| Current Ratio | 1.84 | 3.54 | 3.66 | 3.15 |
| Debt to Equity | 0.43 | 0.45 | 0.41 | 0.54 |
| Long-Term Debt to Equity | 0.32 | 0.39 | 0.35 | 0.50 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 0.51 | 0.51 | 0.50 | 0.48 | 0.46 |
| Quick Ratio | 1.89 | 1.47 | 1.21 | 1.20 | 1.76 |
| Current Ratio | 2.41 | 2.33 | 1.59 | 1.84 | 2.41 |
| Debt to Equity | 0.28 | 0.31 | 0.37 | 0.43 | 0.42 |
| Long-Term Debt to Equity | 0.22 | 0.24 | 0.27 | 0.32 | 0.35 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 12.20 | 10.81 | 4.08 | -0.72 |
| ROE | 17.39 | 15.64 | 5.73 | -1.10 |
| Gross Margin | 35.27 | 37.56 | 15.76 | -1.01 |
| Operating Margin | 37.16 | 34.81 | 19.55 | 4.93 |
| EBITDA Margin | 56.73 | 54.23 | 46.69 | 48.41 |
| Net Profit Margin | 31.72 | 28.78 | 13.55 | -3.89 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 3.20 | 3.92 | 3.03 | 3.70 | 2.39 |
| ROE | 4.09 | 5.15 | 4.16 | 5.27 | 3.40 |
| Gross Margin | 32.51 | 36.97 | 29.22 | 29.35 | 32.68 |
| Operating Margin | 44.23 | 46.95 | 41.53 | 46.65 | 29.97 |
| EBITDA Margin | 68.43 | 67.32 | 64.53 | 67.67 | 49.77 |
| Net Profit Margin | 41.74 | 43.72 | 37.21 | 41.81 | 24.77 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 88.98 | 115.69 | 31.99 | -191.68 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 86.14 | 42.94 | 61.84 | 64.66 | 123.83 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 1,486,587.00 | 1,492,223.00 | 1,508,474.00 | 1,609,362.00 |
| Current Assets | 201,889.00 | 200,498.00 | 235,589.00 | 131,972.00 |
| Cash and Short-Term Investments | 78,143.00 | 74,738.00 | 125,948.00 | 60,369.00 |
| Cash and Cash Equivalents | 78,143.00 | 74,738.00 | 125,948.00 | 60,369.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 53,715.00 | 75,848.00 | 59,465.00 | 30,361.00 |
| Inventory | 37,688.00 | 33,806.00 | 33,069.00 | 33,396.00 |
| Other Current Assets | 32,343.00 | 16,106.00 | 17,107.00 | 7,846.00 |
| Non-Current Assets | 1,284,698.00 | 1,291,725.00 | 1,272,885.00 | 1,477,391.00 |
| Property, Plant, Equipment Net | 1,283,343.00 | 1,290,369.00 | 1,271,530.00 | 1,471,983.00 |
| Goodwill | 1,356.00 | 1,356.00 | 1,356.00 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 5,406.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | -1.00 | 2.00 |
| Liabilities | 443,886.00 | 460,556.00 | 434,988.00 | 562,003.00 |
| Current Liabilities | 109,613.00 | 56,605.00 | 64,374.00 | 41,944.00 |
| Payables and Expenses | 20,071.00 | 17,188.00 | 27,006.00 | 17,950.00 |
| Account Payables | 10,002.00 | 9,203.00 | 14,580.00 | 11,111.00 |
| Current Accrued Liabilities | 10,069.00 | 7,985.00 | 12,426.00 | 6,839.00 |
| Short-Term Debt | 80,038.00 | 31,718.00 | 30,804.00 | 10,416.00 |
| Other Current Liabilities | 9,504.00 | 7,699.00 | 6,564.00 | 13,578.00 |
| Non-Current Liabilities | 334,273.00 | 403,951.00 | 370,614.00 | 520,059.00 |
| Long-Term Debt | 330,775.00 | 398,425.00 | 367,069.00 | 515,168.00 |
| Other Non-Current Liabilities | 3,498.00 | 5,526.00 | 3,545.00 | 4,891.00 |
| Equity | 1,042,701.00 | 1,031,667.00 | 1,073,486.00 | 1,047,359.00 |
| Shareholders Equity | 1,038,242.00 | 1,027,154.00 | 1,068,478.00 | 1,047,325.00 |
| Capital Stock | 1,600.00 | 1,610.00 | 1,627.00 | 1,661.00 |
| Share Premium | 1,217,651.00 | 1,228,254.00 | 1,243,754.00 | 1,264,000.00 |
| Retained Earnings | -186,321.00 | -206,477.00 | -180,664.00 | -222,405.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 5,312.00 | 3,767.00 | 3,761.00 | 4,069.00 |
| Minority Interest | 4,459.00 | 4,513.00 | 5,008.00 | 34.00 |
| Debt | 410,813.00 | 430,143.00 | 397,873.00 | 525,584.00 |
| Net Debt | 331,281.00 | 353,987.00 | 270,747.00 | 461,930.00 |
| Common Shares Outstanding | 159,983.10 | 160,999.54 | 162,653.34 | 166,126.77 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 571,773.00 | 560,556.00 | 454,145.00 | 295,853.00 |
| Cost Of Revenue | 370,101.00 | 349,998.00 | 382,566.00 | 298,851.00 |
| Interest Income | 3,918.00 | 4,485.00 | 1,076.00 | 6.00 |
| Interest Expense | 30,399.00 | 33,061.00 | 26,197.00 | 25,727.00 |
| Non-Interest Expense | 18,944.00 | 17,448.00 | 16,889.00 | 16,566.00 |
| Gross Profit | 201,672.00 | 210,558.00 | 71,579.00 | -2,998.00 |
| Operating Expenses | 18,944.00 | 17,448.00 | 16,889.00 | 11,954.00 |
| Selling, General and Administrative Expenses | 18,944.00 | 17,448.00 | 16,889.00 | 16,566.00 |
| Other Operating Expenses | 0 | 0 | 0 | -4,612.00 |
| Operating Income | 182,728.00 | 193,110.00 | 54,690.00 | -14,952.00 |
| EBT | 182,069.00 | 162,046.00 | 62,567.00 | -11,147.00 |
| Income Tax | 608.00 | 649.00 | 587.00 | 360.00 |
| Net Income Including Non-Controlling Interests | 181,461.00 | 161,397.00 | 61,980.00 | -11,507.00 |
| Net Income Non-Controlling Interests | -84.00 | -43.00 | -459.00 | -14.00 |
| Net Income | 181,377.00 | 161,353.00 | 61,520.00 | -11,521.00 |
| EBIT | 212,468.00 | 195,107.00 | 88,764.00 | 14,580.00 |
| Deprecation and Amortization | 111,884.00 | 108,902.00 | 123,255.00 | 128,639.00 |
| EBITDA | 324,352.00 | 304,009.00 | 212,019.00 | 143,219.00 |
| EPS | 0.00 | 0.00 | 0.00 | -0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | -0.00 |
| Average Shares Outstanding Basic | 161,354.51 | 162,178.50 | 164,692.95 | 169,089.33 |
| Average Shares Outstanding Diluted | 161,441.78 | 162,356.73 | 164,850.09 | 169,089.33 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 298,654.00 | 251,411.00 | 127,906.00 | 60,562.00 |
| Operating Net Income | 181,460.00 | 161,397.00 | 61,979.00 | -11,507.00 |
| Deprecation and Amortization | 111,884.00 | 108,902.00 | 123,255.00 | 128,639.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 4,290.00 | 3,233.00 | 4,133.00 | 4,347.00 |
| Change in Working Capital | 26,290.00 | -24,888.00 | -28,436.00 | -31,538.00 |
| Other Operating Activities | -25,270.00 | 2,767.00 | -33,025.00 | -29,379.00 |
| Investing Cash Flow | -97,032.00 | -124,977.00 | 110,518.00 | -86,512.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -97,032.00 | -128,233.00 | 102,254.00 | -87,544.00 |
| Net Purchase/Sale of Investments Net | 0 | 3,256.00 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 8,265.00 | 0 |
| Other Investing Activities | 0.00 | 0.00 | -1.00 | 1,032.00 |
| Financing Cash Flow | -197,908.00 | -177,763.00 | -173,343.00 | 17,967.00 |
| Net Issuance/Repayment of Debt | -23,317.00 | 28,307.00 | -128,907.00 | 72,229.00 |
| Net Issuance/Repurchase of Equity | -13,196.00 | -18,808.00 | -24,758.00 | -32,178.00 |
| Dividends Paid | -161,396.00 | -186,672.00 | -19,679.00 | -22,083.00 |
| Other Financing Activities | 1.00 | -590.00 | 1.00 | -1.00 |
| Net Change in Cash | 3,713.00 | -51,329.00 | 65,081.00 | -7,983.00 |
| Cash at Beginning of Period | 74,738.00 | 125,948.00 | 60,658.00 | 68,641.00 |
| Cash at End of Period | 78,143.00 | 74,738.00 | 125,948.00 | 60,658.00 |
| Free Cash Flow | 201,622.00 | 123,178.00 | 117,761.00 | -114,044.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 1,398,045.00 | 1,430,405.00 | 1,458,038.00 | 1,486,587.00 | 1,474,550.00 |
| Current Assets | 146,590.00 | 193,703.00 | 172,035.00 | 201,889.00 | 181,528.00 |
| Cash and Short-Term Investments | 81,250.00 | 82,660.00 | 80,510.00 | 78,143.00 | 73,829.00 |
| Cash and Cash Equivalents | 81,250.00 | 82,660.00 | 80,510.00 | 78,143.00 | 73,829.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 33,953.00 | 40,047.00 | 50,520.00 | 53,715.00 | 58,553.00 |
| Inventory | 23,498.00 | 30,679.00 | 33,033.00 | 37,688.00 | 33,299.00 |
| Other Current Assets | 7,889.00 | 40,317.00 | 7,972.00 | 32,343.00 | 15,847.00 |
| Non-Current Assets | 1,251,456.00 | 1,236,702.00 | 1,286,003.00 | 1,284,698.00 | 1,293,022.00 |
| Property, Plant, Equipment Net | 1,250,099.00 | 1,235,347.00 | 1,284,647.00 | 1,283,343.00 | 1,291,666.00 |
| Goodwill | 1,356.00 | 1,356.00 | 1,356.00 | 1,356.00 | 1,356.00 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.00 | -1.00 | 0.00 | -1.00 | 0.00 |
| Liabilities | 302,376.00 | 341,465.00 | 396,581.00 | 443,886.00 | 438,864.00 |
| Current Liabilities | 60,801.00 | 83,279.00 | 107,928.00 | 109,613.00 | 75,271.00 |
| Payables and Expenses | 21,505.00 | 25,092.00 | 20,303.00 | 20,071.00 | 22,711.00 |
| Account Payables | 0 | 0 | 0 | 10,002.00 | 0 |
| Current Accrued Liabilities | 0 | 0 | 0 | 10,069.00 | 0 |
| Short-Term Debt | 31,551.00 | 49,074.00 | 78,774.00 | 80,038.00 | 48,340.00 |
| Other Current Liabilities | 7,745.00 | 9,113.00 | 8,851.00 | 9,504.00 | 4,220.00 |
| Non-Current Liabilities | 241,575.00 | 258,186.00 | 288,653.00 | 334,273.00 | 363,593.00 |
| Long-Term Debt | 236,976.00 | 253,731.00 | 285,298.00 | 330,775.00 | 359,289.00 |
| Other Non-Current Liabilities | 4,599.00 | 4,455.00 | 3,355.00 | 3,498.00 | 4,304.00 |
| Equity | 1,095,669.00 | 1,088,940.00 | 1,061,457.00 | 1,042,701.00 | 1,035,686.00 |
| Shareholders Equity | 1,095,605.00 | 1,088,877.00 | 1,057,004.00 | 1,038,242.00 | 1,030,749.00 |
| Capital Stock | 1,608.00 | 1,608.00 | 1,606.00 | 1,600.00 | 1,615.00 |
| Share Premium | 1,223,719.00 | 1,223,719.00 | 1,221,887.00 | 1,217,651.00 | 1,230,832.00 |
| Retained Earnings | -133,115.00 | -139,326.00 | -169,485.00 | -186,321.00 | -205,909.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 3,393.00 | 2,876.00 | 2,996.00 | 5,312.00 | 4,211.00 |
| Minority Interest | 64.00 | 63.00 | 4,453.00 | 4,459.00 | 4,937.00 |
| Debt | 268,527.00 | 302,805.00 | 364,072.00 | 410,813.00 | 407,629.00 |
| Net Debt | 187,277.00 | 220,145.00 | 283,562.00 | 331,281.00 | 333,800.00 |
| Common Shares Outstanding | 160,799.41 | 160,799.41 | 160,607.61 | 159,983.10 | 161,464.49 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 107,348.00 | 128,316.00 | 118,574.00 | 131,391.00 | 142,107.00 |
| Cost Of Revenue | 72,452.00 | 80,875.00 | 83,926.00 | 92,833.00 | 95,667.00 |
| Interest Income | 936.00 | 820.00 | 793.00 | 857.00 | 1,035.00 |
| Interest Expense | 2,586.00 | 4,186.00 | 5,106.00 | 6,384.00 | 7,318.00 |
| Non-Interest Expense | 4,132.00 | 4,587.00 | 5,548.00 | 5,590.00 | 4,169.00 |
| Gross Profit | 34,896.00 | 47,441.00 | 34,648.00 | 38,558.00 | 46,440.00 |
| Operating Expenses | 3,162.00 | 4,587.00 | 5,548.00 | 5,590.00 | 4,169.00 |
| Selling, General and Administrative Expenses | 4,132.00 | 4,587.00 | 5,548.00 | 5,590.00 | 4,169.00 |
| Other Operating Expenses | -970.00 | 0 | 0 | 0 | 0 |
| Operating Income | 31,734.00 | 42,854.00 | 29,100.00 | 32,968.00 | 42,271.00 |
| EBT | 44,898.00 | 56,061.00 | 44,135.00 | 54,906.00 | 35,268.00 |
| Income Tax | 93.00 | 29.00 | 84.00 | 194.00 | 79.00 |
| Net Income Including Non-Controlling Interests | 44,805.00 | 56,032.00 | 44,051.00 | 54,712.00 | 35,189.00 |
| Net Income Non-Controlling Interests | -2.00 | 67.00 | 71.00 | 224.00 | 17.00 |
| Net Income | 44,803.00 | 56,099.00 | 44,122.00 | 54,935.00 | 35,206.00 |
| EBIT | 47,484.00 | 60,247.00 | 49,241.00 | 61,290.00 | 42,586.00 |
| Deprecation and Amortization | 25,969.00 | 26,139.00 | 27,270.00 | 27,620.00 | 28,135.00 |
| EBITDA | 73,453.00 | 86,386.00 | 76,511.00 | 88,910.00 | 70,721.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 160,799.41 | 160,661.51 | 160,495.96 | 161,272.56 | 161,464.49 |
| Average Shares Outstanding Diluted | 160,885.60 | 160,725.97 | 160,558.81 | 161,347.45 | 161,553.18 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | 60,894.00 | 83,577.00 | 59,212.00 | 65,786.00 | 80,144.00 |
| Operating Net Income | 44,805.00 | 56,032.00 | 44,051.00 | 54,711.00 | 35,189.00 |
| Deprecation and Amortization | 25,969.00 | 26,139.00 | 27,270.00 | 27,620.00 | 28,135.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 661.00 | 1,208.00 | 1,850.00 | 1,392.00 | 903.00 |
| Change in Working Capital | 4,341.00 | 16,545.00 | 5,165.00 | 9,313.00 | 15,323.00 |
| Other Operating Activities | -14,882.00 | -16,347.00 | -19,124.00 | -27,250.00 | 594.00 |
| Investing Cash Flow | 11,508.00 | 11,064.00 | 16,675.00 | -12,992.00 | -27,891.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 11,508.00 | 11,064.00 | 16,675.00 | -12,992.00 | -27,891.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0.00 | 0.00 |
| Financing Cash Flow | -73,757.00 | -92,656.00 | -73,593.00 | -47,913.00 | -51,574.00 |
| Net Issuance/Repayment of Debt | -35,165.00 | -62,433.00 | -46,307.00 | 804.00 | -7,979.00 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | -13,196.00 | 0 |
| Dividends Paid | -38,592.00 | -24,091.00 | -27,286.00 | -35,523.00 | -43,595.00 |
| Other Financing Activities | 0 | 0 | 0 | 2.00 | 0.00 |
| Net Change in Cash | -1,355.00 | 1,985.00 | 2,294.00 | 4,881.00 | 678.00 |
| Cash at Beginning of Period | 82,660.00 | 80,510.00 | 78,143.00 | 73,829.00 | 72,642.00 |
| Cash at End of Period | 81,250.00 | 82,660.00 | 80,510.00 | 78,143.00 | 73,829.00 |
| Free Cash Flow | 22,312.00 | 43,699.00 | 33,398.00 | 52,794.00 | 52,253.00 |