Q: Hi
What metrics are best to use when valuing a royalty company like DHT.un? Thanks
Kenn
What metrics are best to use when valuing a royalty company like DHT.un? Thanks
Kenn
5i Research Answer:
We think the best metrics are distribution as a percentage of free cash flow (targeted between 30 and 35% as per management), new royalty transactions or pipeline, and EBITDA and FCF multiples.