ANL

Adlai Nortye

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Healthcare

industry

Biotechnology

Exchange

Nasdaq

County of HQ

Bermuda

Next Earnings Date

04/29/26

Business Summary

DHT Holdings operates in the Oil & Gas Midstream segment, generating revenue by transporting crude oil through its tanker fleet under contractual arrangements. Cash flow is driven by vessel utilization rates, charter contracts, and disciplined cost control, which feeds directly into its 18.60% operating margin. The moat is rooted in asset scale, long-lived maritime infrastructure, and industry relationships that create barriers to entry due to capital intensity. Financial resilience, reflected in a 34.50% Debt/Equity ratio and 4.3 Altman Z-Score, reinforces its ability to endure cyclical downturns while maintaining operational continuity.

VALUATION

P/E

-

Market Cap ($M USD)

$655

Forward P/E

-

PEG

-

PRICE TO SALES

-

PRICE TO BOOK

82.6

EV / EBITDA

-16

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$1.14

Next Year EPS Growth Estimate

-$0.23

Next Year Revenue Growth Estimate

-

Return on Equity (ROE)

-537.70%

Operating Margin

-

Debt-to-Equity

5.6

Piotroski F-Score

4

Altman Z-Score

-4.5

Return on Invested Capital (ROIC)

-77.90%%

Current Ratio

1

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 13.3x earnings and 12.7x forward earnings, DHT is priced like a no-growth cyclical despite generating a 14.80% ROIC and carrying an Altman Z-Score of 4.3, which signals strong balance sheet safety. The combination of a Piotroski F-Score of 7 and a 2.8 current ratio suggests operational discipline and liquidity strength that the market is not rewarding. However, the 1.4 PEG Forward implies growth is not explosive, so this is not a hyper-growth story—it’s a balance-sheet-secure, cash-generating midstream operator priced for skepticism rather than distress. The market appears cautious, but not pricing in financial fragility.

AI Exposure / Tech Reliance

As an Oil & Gas Midstream operator, DHT’s exposure to AI is indirect but meaningful through logistics optimization, fleet efficiency, and predictive maintenance technologies. The industry benefits from automation and data-driven routing efficiencies, which can support margin durability over time. With an 18.60% operating margin, there is room to leverage technology to further protect profitability in volatile energy cycles.

The Bull Case

A value or GARP investor buys this because the internal metrics contradict the market’s hesitation. A 14.80% ROIC against a 2.5 price-to-book signals efficient capital deployment without excessive valuation premium. The 18.60% operating margin in a capital-intensive sector demonstrates real operating leverage, while a Piotroski F-Score of 7 confirms improving or stable financial conditions. Add a conservative Debt/Equity ratio of 34.50% and a strong Altman Z-Score of 4.3, and you have a balance sheet that can withstand energy volatility while continuing to compound capital at respectable rates. This is a disciplined operator trading at a modest 12.7 forward multiple with liquidity strength reflected in a 2.8 current ratio.

The Bear Case

The red flags are impossible to ignore. Return on Equity sits at -11.50%, which directly contradicts the otherwise solid ROIC and raises capital allocation concerns. Short interest at 52.30% of float is extremely elevated, signaling that a large segment of the market is aggressively betting against the equity. A PEG Forward of 1.4 implies growth may not justify even the current valuation, and institutional ownership at 17.51% suggests limited institutional conviction. The mixed dividend data—TTM Yield of 0.4 alongside Dividend Per Share USD of 5.60% and a Payout Ratio of $1.64—adds another layer of inconsistency that could undermine confidence in capital return stability.

Market Sentiment & Smart Money

Short Interest %

2.00%

Analyst Consensus

1.67

Average Analyst Price Target

$19.50

Institutional Ownership %

6.20%

1-Year Beta

0.99

Insider Buying % (6 Mo)

5.10%%

Distance to 52-Week High

91.90%%

Distance to 52-Week Low

1270.20%%