TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Fundamental Analysis
NYSE:TEN - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD
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.
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.
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 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
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 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.
TEN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Altman-Z | 1.06 |
ROIC/WACC1.17
WACC7.45%
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.51 |
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
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.34 | ||
| Fwd PE | 5.97 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.2 | ||
| EV/EBITDA | 2.84 |
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%
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 Rank | Sector 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
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%
16.88
+0.48 (+2.93%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
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 Rank | Sector 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 Rank | Sector 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 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 | 1.06 |
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%