Sector: Crude tankers
COMM_DHT
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/DHT
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | PARTIAL | 284.8 y/y 122.7% | — y/y — | — y/y — | 231.0 y/y 234.8% | 198.3 y/y 254.1% | — | — | — y/y — | — y/y — | — | 273.1 | Yahoo Finance |
| 2026-03-31 | Q1 2026 (3M) | PARTIAL | 186.3 y/y 57.6% | — y/y — | — y/y — | 133.3 y/y 136.3% | 164.5 y/y 273.0% | — | — | — y/y — | — y/y — | — | 379.1 | Yahoo Finance |
| 2025-12-31 | Q4 2025 (3M) | PARTIAL | 143.9 y/y 10.0% | — y/y 6.8% | — y/y -4.9% | 95.3 y/y 57.3% | 66.1 y/y — | — | — | 1602.9 y/y 7.8% | 1133.2 y/y 9.1% | — | ≈ 187.3 | Yahoo Finance |
| 2025-09-30 | Q3 2025 (3M) | PARTIAL | 107.2 y/y -24.0% | — y/y — | — y/y — | 57.7 y/y -18.0% | 44.8 y/y — | — | — | — y/y — | — y/y — | — | 187.3 | Yahoo Finance |
| 2025-06-30 | Q2 2025 (3M) | PARTIAL | 127.9 y/y -14.8% | — y/y — | — y/y — | 69.0 y/y -13.8% | 56.0 y/y — | — | — | — y/y — | — y/y — | — | 220.1 | Yahoo Finance |
| 2025-03-31 | Q1 2025 (3M) | PARTIAL | 118.2 y/y -19.0% | — y/y — | — y/y — | 56.4 y/y -32.6% | 44.1 y/y — | — | — | — y/y — | — y/y — | — | 283.6 | Yahoo Finance |
| 2024-12-31 | Q4 2024 (3M) | PARTIAL | 130.8 y/y -8.1% | — y/y 9.1% | — y/y 2.7% | 60.6 y/y -16.9% | — y/y 12.4% | — | — | 1486.6 y/y -0.4% | 1038.2 y/y 1.1% | — | ≈ 333.8 | Yahoo Finance |
| 2024-09-30 | Q3 2024 (3M) | PARTIAL | 141.1 y/y 8.3% | — y/y — | — y/y — | 70.4 y/y 4.5% | — y/y — | — | — | — y/y — | — y/y — | — | 333.8 | Yahoo Finance |
| 2024-06-30 | Q2 2024 (3M) | PARTIAL | 150.1 y/y -1.2% | — y/y — | — y/y — | 80.0 y/y -10.9% | — y/y — | — | — | — y/y — | — y/y — | — | 342.0 | Yahoo Finance |
| 2024-03-31 | Q1 2024 (3M) | PARTIAL | 145.9 y/y 11.0% | — y/y — | — y/y — | 83.7 y/y 16.4% | — y/y — | — | — | — y/y — | — y/y — | — | 324.7 | Yahoo Finance |
| 2023-12-31 | Q4 2023 (3M) | PARTIAL | 142.3 y/y — | — y/y — | — y/y — | 72.9 y/y — | — y/y — | — | — | 1492.2 y/y — | 1027.2 y/y — | — | ≈ 367.7 | Yahoo Finance |
| 2023-09-30 | Q3 2023 (3M) | PARTIAL | 130.3 y/y — | — y/y — | — y/y — | 67.4 y/y — | — y/y — | — | — | — y/y — | — y/y — | — | 367.7 | Yahoo Finance |
| 2023-06-30 | Q2 2023 (3M) | PARTIAL | 152.0 y/y — | — y/y — | — y/y — | 89.8 y/y — | — y/y — | — | — | — y/y — | — y/y — | — | 257.6 | Yahoo Finance |
| 2023-03-31 | Q1 2023 (3M) | PARTIAL | 131.5 y/y — | — y/y — | — y/y — | 71.9 y/y — | — y/y — | — | — | — y/y — | — y/y — | — | 278.2 | Yahoo Finance |
Quarterly values ($ mln)
Year-over-year change
Net debt / cash ($ mln)
Our earnings breakdowns and investment notes on this issuer.
Current 737 500spot vs LTM +145%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -11.3% ▼ -3.2 pp 1d
Main driver: VLCC TD3C AG-China TCE +272% vs LTM; revenue ×1.60 vs costs ×1.04; EBITDA 517→681; at 6.8× EV/EBITDA → -11%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| VLCC TD3C AG-China TCE (rev) | +52% | 737 500.00 | 198 347.70 | 126 089.63 | +272% | -36% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 722 |
| LTM EBITDA | 517 |
| LTM cash costs (revenue − EBITDA) | 205 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×1.596 (+60%) |
| = Spot revenue | 1 153 |
| Revenue multiplier — 3y price | ×0.879 (-12%) |
| = 3-year-price revenue | 635 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 213 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 213 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 940 |
| = 3-year-price EBITDA | 422 |
| Conservative EBITDA = min(spot, avg) | 681 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 6.8x |
| Target EV = EV/EBITDA × conservative EBITDA | 4 663 |
| Net debt | 273 |
| Target market cap = EV − net debt | 4 390 |
| Current market cap | 3 573 |
Upside = target market cap ÷ current − 1 = -11.3%
Life of mine: 11 yrs — before haircut +22.9%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q4 | 142 | 171 | -16.7% | 73 | 105 | -30.8% |
| 2024 Q1 | 146 | 141 | +3.8% | 84 | 75 | +10.9% |
| 2024 Q2 | 150 | 141 | +6.1% | 80 | 76 | +5.7% |
| 2024 Q3 | 141 | 129 | +9.5% | 70 | 61 | +15.3% |
| 2024 Q4 | 131 | 135 | -3.0% | 61 | 65 | -6.8% |
| 2025 Q1 | 118 | 149 | -20.6% | 56 | 79 | -28.5% |
| 2025 Q2 | 128 | 144 | -11.2% | 69 | 74 | -6.9% |
| 2025 Q3 | 107 | 145 | -25.9% | 58 | 78 | -25.6% |
| 2025 Q4 | 144 | 169 | -14.9% | 95 | 107 | -11.3% |
| 2026 Q1 | 186 | 192 | -2.8% | 133 | 136 | -1.7% |
| 2026 Q2 | 285 | 242 | +17.6% | 231 | 188 | +22.7% |
Projected EV/EBITDA 2.8x · target 75th pct (3y) 6.8x · LTM avg 8.6x
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-08-17 | 1.22 USD | Ex-dividend: 1.22 USD per share | Paid | Yahoo Finance (ex-div) |
| 2026-05-21 | 0.64 USD | Ex-dividend: 0.64 USD per share | Paid | Yahoo Finance (ex-div) |
| 2026-02-19 | 0.41 USD | Ex-dividend: 0.41 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-05-21 | 0.15 USD | Ex-dividend: 0.15 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-02-18 | 0.17 USD | Ex-dividend: 0.17 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-11-22 | 0.22 USD | Ex-dividend: 0.22 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-08-23 | 0.27 USD | Ex-dividend: 0.27 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-05-23 | 0.29 USD | Ex-dividend: 0.29 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-02-20 | 0.22 USD | Ex-dividend: 0.22 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-11-20 | 0.19 USD | Ex-dividend: 0.19 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-08-22 | 0.35 USD | Ex-dividend: 0.35 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-05-17 | 0.23 USD | Ex-dividend: 0.23 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-02-16 | 0.38 USD | Ex-dividend: 0.38 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-11-21 | 0.04 USD | Ex-dividend: 0.04 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-08-22 | 0.04 USD | Ex-dividend: 0.04 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-05-18 | 0.02 USD | Ex-dividend: 0.02 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-02-16 | 0.02 USD | Ex-dividend: 0.02 USD per share | Paid | Yahoo Finance (ex-div) |
| 2021-11-15 | 0.02 USD | Ex-dividend: 0.02 USD per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of DHT Holdings — from primary filings.
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