- DHT Holdings Inc. has reported for 4Q FY2020 on February 8, 2021.
- Because of the oversupply in the oil market and the Covid-19 virus outbreak, DHT's shipping revenue in 4Q FY2020 fell by -52.56%. The company also announced a -75% cut in dividends.
- The stock is not responding to poor quarterly earnings due to strong annual results and market expectations for a recovery in oil demand in 2021.
- When matching market multiples and growth ratios, DHT Holdings seems to be seriously undervalued.
- I cannot recommend buying DHT Holdings because of the existing risks, poor last quarter's financial performance, and the recent dividend cut.
For further details see:
DHT Holdings: Dividend Cut But Against The Backdrop Of A Significant Undervaluation