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 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 is cheap, but on the other hand it scores bad on growth.
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.
Of the past 5 years TEN 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of TEN (7.93%) is better than 75.59% of its industry peers.
The Return On Equity of TEN (16.48%) is better than 71.83% 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 68.08% 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 has a better Profit Margin (29.99%) than 81.69% of its industry peers.
The Operating Margin of TEN (37.85%) is better than 80.75% 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 62.91% of its industry peers.
In the last couple of years the Gross Margin of TEN has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TEN is still 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 1.07. This is a bad value and indicates that TEN is not financially healthy and even has some risk of bankruptcy.
TEN's Altman-Z score of 1.07 is in line compared to the rest of the industry. TEN outperforms 46.01% of its industry peers.
The Debt to FCF ratio of TEN is 6.75, which is on the high side as it means it would take TEN, 6.75 years of fcf income to pay off 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 67.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Altman-Z | 1.07 |
ROIC/WACC1.16
WACC7.52%
2.3 Liquidity
A Current Ratio of 1.58 indicates that TEN should not have too much problems paying its short term obligations.
TEN has a Current ratio of 1.58. This is in the better half of the industry: TEN outperforms 69.01% of its industry peers.
A Quick Ratio of 1.51 indicates that TEN should not have too much problems paying its short term obligations.
TEN has a better Quick ratio (1.51) than 70.89% 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 a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.76% yearly.
The Revenue is expected to grow by 6.44% on average over the next years.
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
Based on the Price/Earnings ratio of 3.47, the valuation of TEN can be described as very cheap.
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.
TEN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.21.
TEN is valuated cheaply with a Price/Forward Earnings ratio of 6.21.
TEN's Price/Forward Earnings ratio is rather cheap when compared to the industry. TEN is cheaper than 82.63% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TEN to the average of the S&P500 Index (20.44), we can say TEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.47 | ||
| Fwd PE | 6.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TEN is valued cheaply inside the industry as 86.85% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TEN indicates a rather cheap valuation: TEN is cheaper than 96.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.28 | ||
| EV/EBITDA | 2.89 |
4.3 Compensation for Growth
TEN has a very decent profitability rating, which 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
TEN has a Yearly Dividend Yield of 10.47%, which is a nice return.
Compared to an average industry Dividend Yield of 7.30, TEN pays a better dividend. On top of this TEN pays more dividend than 88.73% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, TEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.47% |
5.2 History
TEN has been paying a dividend for over 5 years, so it has already some track record.
The dividend of TEN decreased 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%
17.54
+0.35 (+2.04%)
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 Cap528.48M
Analysts80
Price Target29.58 (68.64%)
Short Float %3.08%
Short Ratio2.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.47% |
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)-2.25%
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)18.36%
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 | 3.47 | ||
| Fwd PE | 6.21 | ||
| P/S | 0.59 | ||
| P/FCF | 2.28 | ||
| P/OCF | 1.34 | ||
| P/B | 0.33 | ||
| P/tB | 0.33 | ||
| EV/EBITDA | 2.89 |
EPS(TTM)5.05
EY28.79%
EPS(NY)2.83
Fwd EY16.11%
FCF(TTM)7.69
FCFY43.83%
OCF(TTM)13.12
OCFY74.8%
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 | 1.07 |
F-Score9
WACC7.52%
ROIC/WACC1.16
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%