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EURONAV NV (EURN.BR) Stock Fundamental Analysis

EBR:EURN - Euronext Brussels - BE0003816338 - Common Stock - Currency: EUR

14.89  0 (0%)

Fundamental Rating

6

EURN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 61 industry peers in the Oil, Gas & Consumable Fuels industry. While EURN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. EURN may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make EURN a good candidate for value investing.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

EURN had positive earnings in the past year.
In the past year EURN had a positive cash flow from operations.
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.
EURN.BR Yearly Net Income VS EBIT VS OCF VS FCFEURN.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M

1.2 Ratios

EURN has a Return On Assets of 39.20%. This is amongst the best in the industry. EURN outperforms 98.33% of its industry peers.
The Return On Equity of EURN (75.63%) is better than 96.67% of its industry peers.
EURN has a Return On Invested Capital of 19.79%. This is amongst the best in the industry. EURN outperforms 85.00% of its industry peers.
Industry RankSector Rank
ROA 39.2%
ROE 75.63%
ROIC 19.79%
ROA(3y)7.08%
ROA(5y)7.35%
ROE(3y)9.49%
ROE(5y)10.76%
ROIC(3y)N/A
ROIC(5y)N/A
EURN.BR Yearly ROA, ROE, ROICEURN.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 83.69%, EURN belongs to the top of the industry, outperforming 98.33% of the companies in the same industry.
EURN's Profit Margin has improved in the last couple of years.
The Operating Margin of EURN (46.80%) is better than 88.33% of its industry peers.
EURN's Operating Margin has improved in the last couple of years.
The Gross Margin of EURN (68.73%) is better than 73.33% of its industry peers.
In the last couple of years the Gross Margin of EURN has grown nicely.
Industry RankSector Rank
OM 46.8%
PM (TTM) 83.69%
GM 68.73%
OM growth 3Y4.59%
OM growth 5YN/A
PM growth 3Y21.12%
PM growth 5YN/A
GM growth 3Y-0.85%
GM growth 5Y8.95%
EURN.BR Yearly Profit, Operating, Gross MarginsEURN.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), EURN is creating value.
EURN has more shares outstanding than it did 1 year ago.
EURN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, EURN has an improved debt to assets ratio.
EURN.BR Yearly Shares OutstandingEURN.BR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
EURN.BR Yearly Total Debt VS Total AssetsEURN.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

An Altman-Z score of 2.64 indicates that EURN is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of EURN (2.64) is better than 66.67% of its industry peers.
The Debt to FCF ratio of EURN is 3.08, which is a good value as it means it would take EURN, 3.08 years of fcf income to pay off all of its debts.
EURN's Debt to FCF ratio of 3.08 is fine compared to the rest of the industry. EURN outperforms 61.67% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that EURN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.60, EURN is doing worse than 70.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.08
Altman-Z 2.64
ROIC/WACC2.59
WACC7.63%
EURN.BR Yearly LT Debt VS Equity VS FCFEURN.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B

2.3 Liquidity

A Current Ratio of 1.33 indicates that EURN should not have too much problems paying its short term obligations.
EURN's Current ratio of 1.33 is on the low side compared to the rest of the industry. EURN is outperformed by 60.00% of its industry peers.
EURN has a Quick Ratio of 1.28. This is a normal value and indicates that EURN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.28, EURN is in line with its industry, outperforming 51.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 1.28
EURN.BR Yearly Current Assets VS Current LiabilitesEURN.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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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 180.38%, 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
Looking at the last year, EURN shows a very strong growth in Revenue. The Revenue has grown by 23.67%.
Measured over the past years, EURN shows a quite strong growth in Revenue. The Revenue has been growing by 15.53% on average per year.
EPS 1Y (TTM)180.38%
EPS 3Y24.93%
EPS 5YN/A
EPS Q2Q%182.76%
Revenue 1Y (TTM)23.67%
Revenue growth 3Y0.68%
Revenue growth 5Y15.53%
Sales Q2Q%-29.29%

3.2 Future

The Earnings Per Share is expected to decrease by -23.36% on average over the next years. This is quite bad
Based on estimates for the next years, EURN will show a small growth in Revenue. The Revenue will grow by 0.43% on average per year.
EPS Next Y-42.87%
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%
EPS Next 5YN/A
Revenue Next Year-16.96%
Revenue Next 2Y-3.81%
Revenue Next 3Y0.43%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
EURN.BR Yearly Revenue VS EstimatesEURN.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
EURN.BR Yearly EPS VS EstimatesEURN.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 4

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7

4. Valuation

4.1 Price/Earnings Ratio

EURN is valuated cheaply with a Price/Earnings ratio of 2.77.
EURN's Price/Earnings ratio is rather cheap when compared to the industry. EURN is cheaper than 91.67% of the companies in the same industry.
EURN is valuated cheaply when we compare the Price/Earnings ratio to 26.48, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.82, which indicates a rather cheap valuation of EURN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EURN indicates a somewhat cheap valuation: EURN is cheaper than 66.67% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of EURN to the average of the S&P500 Index (34.04), we can say EURN is valued rather cheaply.
Industry RankSector Rank
PE 2.77
Fwd PE 6.82
EURN.BR Price Earnings VS Forward Price EarningsEURN.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

EURN's Enterprise Value to EBITDA ratio is in line with the industry average.
73.33% of the companies in the same industry are more expensive than EURN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.95
EV/EBITDA 4.53
EURN.BR Per share dataEURN.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

The excellent profitability rating of EURN may justify a higher PE ratio.
EURN's earnings are expected to decrease with -23.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%

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0

5. Dividend

5.1 Amount

EURN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EURONAV NV

EBR:EURN (7/12/2024, 7:00:00 PM)

14.89

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08 2024-05-08/bmo
Earnings (Next)08-08 2024-08-08/bmo
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.28B
Analysts76.67
Price Target16.95 (13.83%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend3.12
Dividend Growth(5Y)91.85%
DP43.64%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)312.39%
Min EPS beat(2)294.49%
Max EPS beat(2)330.29%
EPS beat(4)4
Avg EPS beat(4)163.02%
Min EPS beat(4)2.43%
Max EPS beat(4)330.29%
EPS beat(8)7
Avg EPS beat(8)99.9%
EPS beat(12)9
Avg EPS beat(12)68.55%
EPS beat(16)10
Avg EPS beat(16)47.36%
Revenue beat(2)0
Avg Revenue beat(2)-3.71%
Min Revenue beat(2)-5.44%
Max Revenue beat(2)-1.97%
Revenue beat(4)2
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-5.44%
Max Revenue beat(4)7.33%
Revenue beat(8)6
Avg Revenue beat(8)29.26%
Revenue beat(12)10
Avg Revenue beat(12)39.54%
Revenue beat(16)14
Avg Revenue beat(16)48.53%
PT rev (1m)0%
PT rev (3m)-8.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.61%
EPS NY rev (1m)0%
EPS NY rev (3m)5.6%
Revenue NQ rev (1m)2.6%
Revenue NQ rev (3m)-6.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.99%
Valuation
Industry RankSector Rank
PE 2.77
Fwd PE 6.82
P/S 2.03
P/FCF 6.95
P/OCF 4.15
P/B 1.84
P/tB 1.85
EV/EBITDA 4.53
EPS(TTM)5.38
EY36.13%
EPS(NY)2.18
Fwd EY14.67%
FCF(TTM)2.14
FCFY14.39%
OCF(TTM)3.59
OCFY24.12%
SpS7.32
BVpS8.1
TBVpS8.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 39.2%
ROE 75.63%
ROCE 26.38%
ROIC 19.79%
ROICexc 23.66%
ROICexgc 23.82%
OM 46.8%
PM (TTM) 83.69%
GM 68.73%
FCFM 29.27%
ROA(3y)7.08%
ROA(5y)7.35%
ROE(3y)9.49%
ROE(5y)10.76%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y14.99%
ROICexcg growth 5YN/A
ROICexc growth 3Y14.77%
ROICexc growth 5YN/A
OM growth 3Y4.59%
OM growth 5YN/A
PM growth 3Y21.12%
PM growth 5YN/A
GM growth 3Y-0.85%
GM growth 5Y8.95%
F-Score6
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.08
Debt/EBITDA 1.14
Cap/Depr 169.32%
Cap/Sales 19.79%
Interest Coverage 7.2
Cash Conversion 83.89%
Profit Quality 34.97%
Current Ratio 1.33
Quick Ratio 1.28
Altman-Z 2.64
F-Score6
WACC7.63%
ROIC/WACC2.59
Cap/Depr(3y)171.91%
Cap/Depr(5y)117.72%
Cap/Sales(3y)63.03%
Cap/Sales(5y)41.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)180.38%
EPS 3Y24.93%
EPS 5YN/A
EPS Q2Q%182.76%
EPS Next Y-42.87%
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%
EPS Next 5YN/A
Revenue 1Y (TTM)23.67%
Revenue growth 3Y0.68%
Revenue growth 5Y15.53%
Sales Q2Q%-29.29%
Revenue Next Year-16.96%
Revenue Next 2Y-3.81%
Revenue Next 3Y0.43%
Revenue Next 5YN/A
EBIT growth 1Y95.73%
EBIT growth 3Y5.3%
EBIT growth 5YN/A
EBIT Next Year0.76%
EBIT Next 3Y3.89%
EBIT Next 5YN/A
FCF growth 1Y239.23%
FCF growth 3Y-12.5%
FCF growth 5YN/A
OCF growth 1Y816.22%
OCF growth 3Y-4.78%
OCF growth 5Y297.76%