TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Fundamental Analysis
NYSE:TEN - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD
TEN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 213 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.
1. Profitability
1.1 Basic Checks
In the past year TEN was profitable.
TEN had a positive operating cash flow in the past year.
In multiple years TEN reported negative net income over the last 5 years.
TEN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of TEN (7.93%) is better than 77.00% of its industry peers.
Looking at the Return On Equity, with a value of 16.48%, TEN is in the better half of the industry, outperforming 74.65% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.75%, TEN is in the better half of the industry, outperforming 70.42% of the companies in the same industry.
| Industry Rank | Sector 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
1.3 Margins
Looking at the Profit Margin, with a value of 29.99%, TEN belongs to the top of the industry, outperforming 82.63% of the companies in the same industry.
TEN has a Operating Margin of 37.85%. This is amongst the best in the industry. TEN outperforms 82.63% of its industry peers.
In the last couple of years the Operating Margin of TEN has grown nicely.
TEN's Gross Margin of 57.82% is fine compared to the rest of the industry. TEN outperforms 64.32% of its industry peers.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
There is no outstanding debt for TEN. 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
TEN has an Altman-Z score of 1.10. This is a bad value and indicates that TEN is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TEN (1.10) 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.
The Debt to FCF ratio of TEN (6.75) is comparable to the rest of the industry.
TEN has a Debt/Equity ratio of 0.85. This is a neutral value indicating TEN is somewhat dependend on debt financing.
The Debt to Equity ratio of TEN (0.85) is worse than 65.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Altman-Z | 1.1 |
ROIC/WACC1.1
WACC7.93%
2.3 Liquidity
TEN has a Current Ratio of 1.58. This is a normal value and indicates that TEN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.58, TEN is doing good in the industry, outperforming 69.01% of the companies in the same industry.
A Quick Ratio of 1.51 indicates that TEN should not have too much problems paying its short term obligations.
TEN has a Quick ratio of 1.51. This is in the better half of the industry: TEN outperforms 71.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
The earnings per share for TEN have decreased strongly by -19.46% in the last year.
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 quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.75% yearly.
The Revenue is expected to grow by 4.66% on average over the next years.
EPS Next Y-60.01%
EPS Next 2Y-5.99%
EPS Next 3Y12.75%
EPS Next 5YN/A
Revenue Next Year0.06%
Revenue Next 2Y4.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.21 indicates a rather cheap valuation of TEN.
Compared to the rest of the industry, the Price/Earnings ratio of TEN indicates a rather cheap valuation: TEN is cheaper than 94.37% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.34. TEN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.52 indicates a reasonable valuation of TEN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TEN indicates a somewhat cheap valuation: TEN is cheaper than 67.14% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.21 | ||
| Fwd PE | 10.52 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaper than 88.73% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TEN is valued cheaply inside the industry as 95.77% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.76 | ||
| EV/EBITDA | 3.11 |
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 12.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.99%
EPS Next 3Y12.75%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 9.53%, which is a nice return.
Compared to an average industry Dividend Yield of 6.56, TEN pays a better dividend. On top of this TEN pays more dividend than 86.85% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.53% |
5.2 History
TEN has been paying a dividend for over 5 years, so it has already some track record.
TEN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years4
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 2Y-5.99%
EPS Next 3Y12.75%
21.24
+0.7 (+3.41%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners19.38%
Inst Owner Change0%
Ins Owners0.27%
Ins Owner Change0%
Market Cap639.96M
Analysts80
Price Target29.58 (39.27%)
Short Float %3.1%
Short Ratio2.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.53% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP23.19%
Div Incr Years3
Div Non Decr Years4
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)-2.25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)4.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.21 | ||
| Fwd PE | 10.52 | ||
| P/S | 0.72 | ||
| P/FCF | 2.76 | ||
| P/OCF | 1.62 | ||
| P/B | 0.4 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | 3.11 |
EPS(TTM)5.05
EY23.78%
EPS(NY)2.02
Fwd EY9.51%
FCF(TTM)7.69
FCFY36.2%
OCF(TTM)13.12
OCFY61.77%
SpS29.53
BVpS53.72
TBVpS53.72
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.1 |
F-Score9
WACC7.93%
ROIC/WACC1.1
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-60.01%
EPS Next 2Y-5.99%
EPS Next 3Y12.75%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-14.52%
Revenue Next Year0.06%
Revenue Next 2Y4.66%
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 3Y7.16%
EBIT Next 5Y11.3%
FCF growth 1Y1868.21%
FCF growth 3Y59.77%
FCF growth 5Y26.08%
OCF growth 1Y37.01%
OCF growth 3Y24.38%
OCF growth 5Y39.85%