DHT - Equity Research Report (Oct. 2025)
Efficient crude-oil tanker operator with visible cash generation
Current Price: $US 11.85 | Market Cap: USD 1.9bn
EV: USD 2.13bn | Dividend Yield: 9%
Executive Summary & Investment Thesis
DHT remains one of the most reliable performers in the VLCC space. Management has built a business defined by precision, discipline, and operational control, pairing efficient fleet management with a thoughtful approach to capital allocation.