DHT

DHT — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($19.65)
DCF$-20.28-203.2%
Graham Number$14.41-26.7%
Reverse DCF
DDM$33.78+71.9%
EV/EBITDA$19.65-0.0%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$67.25M
Rev: 9.7% / EPS: 20.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-20.28
Current Price$19.65
Upside / Downside-203.2%
Net Debt (used)$356.49M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term12.6%16.6%20.6%24.6%28.6%
7.0%$-21.93$-25.51$-29.60$-34.25$-39.53
8.0%$-18.01$-20.84$-24.07$-27.75$-31.92
9.0%$-15.31$-17.63$-20.28$-23.29$-26.70
10.0%$-13.34$-15.29$-17.51$-20.04$-22.90
11.0%$-11.85$-13.52$-15.42$-17.58$-20.02

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.31
Yahoo: $7.05

Results

Graham Number$14.41
Current Price$19.65
Margin of Safety-26.7%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$19.65
Implied Near-term FCF Growth
Historical Revenue Growth9.7%
Historical Earnings Growth20.6%
Base FCF (TTM)-$67.25M
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: $1.64

Results

DDM Intrinsic Value / share$33.78
Current Price$19.65
Upside / Downside+71.9%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $330.37M
Current: 10.6×
Default: $356.49M

Results

Implied Equity Value / share$19.65
Current Price$19.65
Upside / Downside-0.0%
Implied EV$3.52B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.64B-$643.51M$356.49M$1.36B$2.36B
6.6x$23.87$17.65$11.43$5.21$-1.01
8.6x$27.98$21.76$15.54$9.32$3.10
10.6x$32.09$25.87$19.65$13.43$7.21
12.6x$36.20$29.98$23.76$17.54$11.32
14.6x$40.31$34.09$27.87$21.65$15.43