DHT Holdings, Inc.
DHT · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Grade
B79Well-run VLCC tanker owner with top-quartile returns, high margins, and a prudent capital structure.
Strengths
- Strong returns: ROE 18.6% (82.5th), ROA 13.2% (90.5th), ROIC 11.4% (77.8th pct)
- High margins (net 42%, OCF 55.5%) and interest coverage 15.9x (93.8th) with a conservative balance sheet
Risks
- Revenue fell 12.8% (32nd pct); spot-market and charter-rate volatility (12 of 23 vessels on spot)
- Highly cyclical tanker industry with vessel-value and newbuild-supply risk
Notable findings
- Restatement• The anti-takeover provisions in our amended and restated bylaws may discourage a change of control 8-K ↗
- Revenue declineRevenue -12.8% YoY
Key metrics
Operating margin
45.1%
Net margin
42.3%
Return on equity
18.6%
Return on assets
13.2%
ROIC
11.4%
Revenue growth (QoQ)
-12.8%
Net-income growth
16.3%
Debt / equity
0.4×
Interest coverage
15.9×
Current ratio
2.8×
Tangible book value
$1.1B
Cash & investments
$79M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Pocas Zambelli Ana Lucia | Option exercise | 22K | — |
| 2026-06-16 | Harfjeld Svein Moxnes | Option exercise | 33K | — |
| 2026-06-16 | Halvorsen Laila Cecilie | Option exercise | 6.8K | — |
| 2026-06-16 | Edvardsen Svenn Magne | Option exercise | 6.8K | — |
| 2026-06-16 | Eglin Jon Stephen | Option exercise | 6.8K | — |
| 2026-06-02 | Rossini Sophie | Option exercise | 30K | — |
| 2026-06-02 | Pocas Zambelli Ana Lucia | Option exercise | 30K | — |
| 2026-06-02 | Lind Erik | Option exercise | 30K | — |
| 2026-06-02 | Kramer Jeremy | Option exercise | 30K | — |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-19 | 2025-12-31 | 0001140361-26-010407 ↗ |
| 20-F | 2025-03-20 | 2024-12-31 | 0001140361-25-009685 ↗ |
| 20-F | 2024-03-20 | 2023-12-31 | 0001140361-24-014358 ↗ |
| 20-F | 2023-03-23 | 2022-12-31 | 0001140361-23-013403 ↗ |
| 20-F | 2022-03-25 | 2021-12-31 | 0001140361-22-011076 ↗ |
| 20-F | 2021-03-25 | 2020-12-31 | 0001140361-21-010050 ↗ |
| 20-F | 2020-03-25 | 2019-12-31 | 0001140361-20-006806 ↗ |
| 20-F | 2019-03-28 | 2018-12-31 | 0000950157-19-000378 ↗ |
| 20-F | 2018-04-24 | 2017-12-31 | 0000950157-18-000468 ↗ |
| 20-F | 2017-03-23 | 2016-12-31 | 0000950157-17-000409 ↗ |
| 20-F | 2016-03-21 | 2015-12-31 | 0000950157-16-001763 ↗ |
| 20-F | 2015-03-19 | 2014-12-31 | 0000950157-15-000313 ↗ |