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TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Fundamental Analysis

NYSE:TEN - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD

16.88  +0.48 (+2.93%)

After market: 16.88 0 (0%)

Fundamental Rating

5

Taking everything into account, TEN scores 5 out of 10 in our fundamental rating. TEN was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of TEN while its profitability can be described as average. TEN has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year TEN was profitable.
TEN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TEN reported negative net income in multiple years.
Of the past 5 years TEN 4 years had a positive operating cash flow.
TEN Yearly Net Income VS EBIT VS OCF VS FCFTEN 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 200M -200M

1.2 Ratios

With a decent Return On Assets value of 7.93%, TEN is doing good in the industry, outperforming 75.47% of the companies in the same industry.
TEN has a better Return On Equity (16.48%) than 71.70% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.75%, TEN is in the better half of the industry, outperforming 66.98% of the companies in the same industry.
Industry RankSector Rank
ROA 7.93%
ROE 16.48%
ROIC 8.75%
ROA(3y)2.18%
ROA(5y)1.04%
ROE(3y)4.28%
ROE(5y)1.96%
ROIC(3y)N/A
ROIC(5y)N/A
TEN Yearly ROA, ROE, ROICTEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

1.3 Margins

TEN's Profit Margin of 29.99% is amongst the best of the industry. TEN outperforms 81.60% of its industry peers.
Looking at the Operating Margin, with a value of 37.85%, TEN is in the better half of the industry, outperforming 79.72% of the companies in the same industry.
TEN's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 57.82%, TEN is doing good in the industry, outperforming 63.21% of the companies in the same industry.
TEN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 37.85%
PM (TTM) 29.99%
GM 57.82%
OM growth 3Y22.72%
OM growth 5Y39.33%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.69%
GM growth 5Y7.64%
TEN Yearly Profit, Operating, Gross MarginsTEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TEN is creating some value.
TEN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TEN Yearly Shares OutstandingTEN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
TEN Yearly Total Debt VS Total AssetsTEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

Based on the Altman-Z score of 1.06, we must say that TEN is in the distress zone and has some risk of bankruptcy.
TEN has a Altman-Z score (1.06) which is comparable to the rest of the industry.
TEN has a debt to FCF ratio of 6.75. This is a slightly negative value and a sign of low solvency as TEN would need 6.75 years to pay back of all of its debts.
TEN has a Debt to FCF ratio (6.75) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.85 indicates that TEN is somewhat dependend on debt financing.
TEN has a worse Debt to Equity ratio (0.85) than 68.40% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 6.75
Altman-Z 1.06
ROIC/WACC1.17
WACC7.45%
TEN Yearly LT Debt VS Equity VS FCFTEN 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

2.3 Liquidity

A Current Ratio of 1.58 indicates that TEN should not have too much problems paying its short term obligations.
The Current ratio of TEN (1.58) is better than 68.87% of its industry peers.
TEN has a Quick Ratio of 1.51. This is a normal value and indicates that TEN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of TEN (1.51) is better than 70.75% of its industry peers.
Industry RankSector Rank
Current Ratio 1.58
Quick Ratio 1.51
TEN Yearly Current Assets VS Current LiabilitesTEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2

3. Growth

3.1 Past

TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.46%.
EPS 1Y (TTM)-19.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50.59%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-14.52%

3.2 Future

TEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.76% yearly.
TEN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.44% yearly.
EPS Next Y-44.05%
EPS Next 2Y1.92%
EPS Next 3Y26.76%
EPS Next 5YN/A
Revenue Next Year1.89%
Revenue Next 2Y6.44%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

TEN Yearly Revenue VS EstimatesTEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
TEN Yearly EPS VS EstimatesTEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 -5 10

8

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 3.34, the valuation of TEN can be described as very cheap.
Based on the Price/Earnings ratio, TEN is valued cheaply inside the industry as 94.81% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of TEN to the average of the S&P500 Index (28.79), we can say TEN is valued rather cheaply.
With a Price/Forward Earnings ratio of 5.97, the valuation of TEN can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN indicates a rather cheap valuation: TEN is cheaper than 83.96% of the companies listed in the same industry.
TEN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.38.
Industry RankSector Rank
PE 3.34
Fwd PE 5.97
TEN Price Earnings VS Forward Price EarningsTEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

86.32% of the companies in the same industry are more expensive than TEN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, TEN is valued cheaper than 96.70% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.2
EV/EBITDA 2.84
TEN Per share dataTEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

The decent profitability rating of TEN may justify a higher PE ratio.
TEN's earnings are expected to grow with 26.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.92%
EPS Next 3Y26.76%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 10.98%, TEN is a good candidate for dividend investing.
TEN's Dividend Yield is rather good when compared to the industry average which is at 7.35. TEN pays more dividend than 89.15% of the companies in the same industry.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.47.
Industry RankSector Rank
Dividend Yield 10.98%

5.2 History

TEN has been paying a dividend for over 5 years, so it has already some track record.
TEN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
TEN Yearly Dividends per shareTEN Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1

5.3 Sustainability

23.19% of the earnings are spent on dividend by TEN. This is a low number and sustainable payout ratio.
DP23.19%
EPS Next 2Y1.92%
EPS Next 3Y26.76%
TEN Yearly Income VS Free CF VS DividendTEN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M
TEN Dividend Payout.TEN Dividend Payout, showing the Payout Ratio.TEN Dividend Payout.PayoutRetained Earnings

TSAKOS ENERGY NAVIGATION LTD

NYSE:TEN (4/25/2025, 8:04:00 PM)

After market: 16.88 0 (0%)

16.88

+0.48 (+2.93%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-27 2025-03-27/bmo
Earnings (Next)06-16 2025-06-16/amc
Inst Owners18.02%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change0%
Market Cap508.59M
Analysts80
Price Target29.58 (75.24%)
Short Float %3.37%
Short Ratio2.33
Dividend
Industry RankSector Rank
Dividend Yield 10.98%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP23.19%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.02%
Min EPS beat(2)-50.93%
Max EPS beat(2)-1.11%
EPS beat(4)2
Avg EPS beat(4)-11.44%
Min EPS beat(4)-50.93%
Max EPS beat(4)4.3%
EPS beat(8)4
Avg EPS beat(8)-6.18%
EPS beat(12)5
Avg EPS beat(12)-17.63%
EPS beat(16)5
Avg EPS beat(16)-23.14%
Revenue beat(2)2
Avg Revenue beat(2)17.98%
Min Revenue beat(2)17.12%
Max Revenue beat(2)18.84%
Revenue beat(4)4
Avg Revenue beat(4)21.39%
Min Revenue beat(4)17.12%
Max Revenue beat(4)25.97%
Revenue beat(8)7
Avg Revenue beat(8)18.99%
Revenue beat(12)11
Avg Revenue beat(12)24.89%
Revenue beat(16)14
Avg Revenue beat(16)21.09%
PT rev (1m)0%
PT rev (3m)5.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)4.72%
EPS NY rev (3m)-1.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.59%
Revenue NY rev (3m)-2.04%
Valuation
Industry RankSector Rank
PE 3.34
Fwd PE 5.97
P/S 0.57
P/FCF 2.2
P/OCF 1.29
P/B 0.31
P/tB 0.31
EV/EBITDA 2.84
EPS(TTM)5.05
EY29.92%
EPS(NY)2.83
Fwd EY16.74%
FCF(TTM)7.69
FCFY45.54%
OCF(TTM)13.12
OCFY77.72%
SpS29.53
BVpS53.72
TBVpS53.72
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.93%
ROE 16.48%
ROCE 11.07%
ROIC 8.75%
ROICexc 11.61%
ROICexgc 11.61%
OM 37.85%
PM (TTM) 29.99%
GM 57.82%
FCFM 26.04%
ROA(3y)2.18%
ROA(5y)1.04%
ROE(3y)4.28%
ROE(5y)1.96%
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 3Y-5.98%
ROICexcg growth 5Y3.44%
ROICexc growth 3Y35.04%
ROICexc growth 5Y55.49%
OM growth 3Y22.72%
OM growth 5Y39.33%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.69%
GM growth 5Y7.64%
F-Score9
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 6.75
Debt/EBITDA 2.98
Cap/Depr 132.92%
Cap/Sales 18.39%
Interest Coverage 3.32
Cash Conversion 85.96%
Profit Quality 86.82%
Current Ratio 1.58
Quick Ratio 1.51
Altman-Z 1.06
F-Score9
WACC7.45%
ROIC/WACC1.17
Cap/Depr(3y)124.84%
Cap/Depr(5y)105.42%
Cap/Sales(3y)18.16%
Cap/Sales(5y)17.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.46%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50.59%
EPS Next Y-44.05%
EPS Next 2Y1.92%
EPS Next 3Y26.76%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-14.52%
Revenue Next Year1.89%
Revenue Next 2Y6.44%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y31.13%
EBIT growth 3Y36.66%
EBIT growth 5Y54.54%
EBIT Next Year3.08%
EBIT Next 3Y7.82%
EBIT Next 5Y12.25%
FCF growth 1Y1868.21%
FCF growth 3Y59.77%
FCF growth 5Y26.08%
OCF growth 1Y37.01%
OCF growth 3Y24.38%
OCF growth 5Y39.85%