EURONAV NV (EURN.BR)

BE0003816338 - Common Stock

15.33  +0.23 (+1.52%)

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to EURN. EURN was compared to 61 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making EURN a very profitable company, without any liquidiy or solvency issues. EURN is not valued too expensively and it also shows a decent growth rate. These ratings would make EURN suitable for quality investing!



8

1. Profitability

1.1 Basic Checks

In the past year EURN was profitable.
EURN had a positive operating cash flow in the past year.
EURN had positive earnings in 4 of the past 5 years.
EURN had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 33.96%, EURN belongs to the top of the industry, outperforming 96.61% of the companies in the same industry.
EURN has a better Return On Equity (48.78%) than 93.22% of its industry peers.
EURN's Return On Invested Capital of 22.56% is amongst the best of the industry. EURN outperforms 83.05% of its industry peers.
Industry RankSector Rank
ROA 33.96%
ROE 48.78%
ROIC 22.56%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 62.08%, EURN belongs to the best of the industry, outperforming 96.61% of the companies in the same industry.
EURN's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 48.60%, EURN belongs to the best of the industry, outperforming 88.14% of the companies in the same industry.
In the last couple of years the Operating Margin of EURN has grown nicely.
EURN has a better Gross Margin (70.34%) than 74.58% of its industry peers.
EURN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 48.6%
PM (TTM) 62.08%
GM 70.34%
OM growth 3Y4.72%
OM growth 5YN/A
PM growth 3Y21.25%
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y8.99%

7

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so EURN is creating value.
There is no outstanding debt for EURN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

An Altman-Z score of 3.81 indicates that EURN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.81, EURN is in the better half of the industry, outperforming 79.66% of the companies in the same industry.
The Debt to FCF ratio of EURN is 1.81, which is an excellent value as it means it would take EURN, only 1.81 years of fcf income to pay off all of its debts.
EURN's Debt to FCF ratio of 1.81 is fine compared to the rest of the industry. EURN outperforms 74.58% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that EURN is not too dependend on debt financing.
EURN has a better Debt to Equity ratio (0.27) than 66.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 1.81
Altman-Z 3.81
ROIC/WACC2.75
WACC8.2%

2.3 Liquidity

A Current Ratio of 1.94 indicates that EURN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.94, EURN is in the better half of the industry, outperforming 71.19% of the companies in the same industry.
EURN has a Quick Ratio of 1.88. This is a normal value and indicates that EURN is financially healthy and should not expect problems in meeting its short term obligations.
EURN's Quick ratio of 1.88 is fine compared to the rest of the industry. EURN outperforms 74.58% of its industry peers.
Industry RankSector Rank
Current Ratio 1.94
Quick Ratio 1.88

5

3. Growth

3.1 Past

EURN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 327.00%, which is quite impressive.
The Earnings Per Share has been growing by 24.93% on average over the past years. This is a very strong growth
EURN shows a strong growth in Revenue. In the last year, the Revenue has grown by 55.61%.
The Revenue has been growing by 15.58% on average over the past years. This is quite good.
EPS 1Y (TTM)327%
EPS 3Y24.93%
EPS 5YN/A
EPS growth Q2Q75%
Revenue 1Y (TTM)55.61%
Revenue growth 3Y0.74%
Revenue growth 5Y15.58%
Revenue growth Q2Q-7.16%

3.2 Future

The Earnings Per Share is expected to decrease by -27.76% on average over the next years. This is quite bad
Based on estimates for the next years, EURN will show a decrease in Revenue. The Revenue will decrease by -6.04% on average per year.
EPS Next Y-51.87%
EPS Next 2Y-34.55%
EPS Next 3Y-27.76%
EPS Next 5YN/A
Revenue Next Year-17.86%
Revenue Next 2Y-7.2%
Revenue Next 3Y-6.04%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 3.88, which indicates a rather cheap valuation of EURN.
79.66% of the companies in the same industry are more expensive than EURN, based on the Price/Earnings ratio.
EURN is valuated cheaply when we compare the Price/Earnings ratio to 26.42, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.07, which indicates a very decent valuation of EURN.
EURN's Price/Forward Earnings ratio is in line with the industry average.
EURN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 3.88
Fwd PE 8.07

4.2 Price Multiples

EURN's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, EURN is valued a bit cheaper than 66.10% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.72
EV/EBITDA 3.36

4.3 Compensation for Growth

EURN has an outstanding profitability rating, which may justify a higher PE ratio.
EURN's earnings are expected to decrease with -27.76% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-34.55%
EPS Next 3Y-27.76%

6

5. Dividend

5.1 Amount

EURN has a Yearly Dividend Yield of 9.56%, which is a nice return.
Compared to an average industry Dividend Yield of 7.87, EURN pays a better dividend. On top of this EURN pays more dividend than 84.75% of the companies listed in the same industry.
EURN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 9.56%

5.2 History

The dividend of EURN decreases each year by -15.51%.
Dividend Growth(5Y)-15.51%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

EURN pays out 54.74% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of EURN has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP54.74%
EPS Next 2Y-34.55%
EPS Next 3Y-27.76%

EURONAV NV

EBR:EURN (3/28/2024, 5:03:05 PM)

15.33

+0.23 (+1.52%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.10B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 9.56%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 3.88
Fwd PE 8.07
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 33.96%
ROE 48.78%
ROCE
ROIC
ROICexc
ROICexgc
OM 48.6%
PM (TTM) 62.08%
GM 70.34%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.94
Quick Ratio 1.88
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)327%
EPS 3Y24.93%
EPS 5Y
EPS growth Q2Q
EPS Next Y-51.87%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)55.61%
Revenue growth 3Y0.74%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y