TSAKOS ENERGY NAVIGATION LTD (TNP) Stock Fundamental Analysis
NYSE:TNP - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD
Overall TNP gets a fundamental rating of 5 out of 10. We evaluated TNP against 213 industry peers in the Oil, Gas & Consumable Fuels industry. TNP has an average financial health and profitability rating. A decent growth rate in combination with a cheap valuation! Better keep an eye on TNP.
1. Profitability
1.1 Basic Checks
TNP had positive earnings in the past year.
In the past year TNP had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: TNP reported negative net income in multiple years.
In the past 5 years TNP always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.93%, TNP is in the better half of the industry, outperforming 62.26% of the companies in the same industry.
TNP has a Return On Equity of 16.48%. This is comparable to the rest of the industry: TNP outperforms 58.49% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.75%, TNP is in line with its industry, outperforming 52.83% 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
The Profit Margin of TNP (29.99%) is better than 76.89% of its industry peers.
TNP has a better Operating Margin (37.85%) than 70.75% of its industry peers.
TNP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 57.82%, TNP is in the better half of the industry, outperforming 63.21% of the companies in the same industry.
In the last couple of years the Gross Margin of TNP 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
TNP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
TNP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, TNP has more shares outstanding
TNP has a better debt/assets ratio than last year.
2.2 Solvency
TNP has an Altman-Z score of 1.19. This is a bad value and indicates that TNP is not financially healthy and even has some risk of bankruptcy.
TNP's Altman-Z score of 1.19 is in line compared to the rest of the industry. TNP outperforms 44.34% of its industry peers.
TNP has a debt to FCF ratio of 6.75. This is a slightly negative value and a sign of low solvency as TNP would need 6.75 years to pay back of all of its debts.
TNP has a Debt to FCF ratio (6.75) which is comparable to the rest of the industry.
TNP has a Debt/Equity ratio of 0.85. This is a neutral value indicating TNP is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.85, TNP is not doing good in the industry: 69.34% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Altman-Z | 1.19 |
ROIC/WACC1.33
WACC6.58%
2.3 Liquidity
A Current Ratio of 1.58 indicates that TNP should not have too much problems paying its short term obligations.
The Current ratio of TNP (1.58) is better than 66.98% of its industry peers.
A Quick Ratio of 1.51 indicates that TNP should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.51, TNP is in the better half of the industry, outperforming 68.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
The earnings per share for TNP have decreased strongly by -44.61% in the last year.
TNP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 109.69% yearly.
TNP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.60%.
Measured over the past years, TNP shows a quite strong growth in Revenue. The Revenue has been growing by 10.92% on average per year.
EPS 1Y (TTM)-44.61%
EPS 3Y109.69%
EPS 5YN/A
EPS Q2Q%-45.58%
Revenue 1Y (TTM)-14.6%
Revenue growth 3Y11.36%
Revenue growth 5Y10.92%
Sales Q2Q%-22.83%
3.2 Future
TNP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.91% yearly.
TNP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.83% yearly.
EPS Next Y57.14%
EPS Next 2Y29.92%
EPS Next 3Y26.91%
EPS Next 5YN/A
Revenue Next Year3.83%
Revenue Next 2Y2.94%
Revenue Next 3Y3.83%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 5.94, the valuation of TNP can be described as very cheap.
TNP's Price/Earnings ratio is rather cheap when compared to the industry. TNP is cheaper than 85.38% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.68. TNP is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 2.77, the valuation of TNP can be described as very cheap.
Based on the Price/Forward Earnings ratio, TNP is valued cheaper than 98.11% of the companies in the same industry.
TNP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.50.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.94 | ||
| Fwd PE | 2.77 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TNP indicates a rather cheap valuation: TNP is cheaper than 81.60% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, TNP is valued cheaper than 91.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.73 | ||
| EV/EBITDA | 3.64 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as TNP's earnings are expected to grow with 26.91% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y29.92%
EPS Next 3Y26.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.10%, TNP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.06, TNP pays a bit more dividend than its industry peers.
TNP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
5.2 History
The dividend of TNP decreases each year by -3.85%.
TNP has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of TNP decreased in the last 3 years.
Dividend Growth(5Y)-3.85%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
23.19% of the earnings are spent on dividend by TNP. This is a low number and sustainable payout ratio.
DP23.19%
EPS Next 2Y29.92%
EPS Next 3Y26.91%
29.28
-0.16 (-0.54%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.77%
Inst Owner Change7.57%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap864.05M
Analysts86.67
Price Target35.7 (21.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
Yearly Dividend2.1
Dividend Growth(5Y)-3.85%
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)17.97%
Min Revenue beat(2)17.12%
Max Revenue beat(2)18.82%
Revenue beat(4)4
Avg Revenue beat(4)15.85%
Min Revenue beat(4)3.82%
Max Revenue beat(4)23.65%
Revenue beat(8)7
Avg Revenue beat(8)16.22%
Revenue beat(12)11
Avg Revenue beat(12)23.04%
Revenue beat(16)14
Avg Revenue beat(16)19.71%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-29%
EPS NQ rev (3m)-25.4%
EPS NY rev (1m)0%
EPS NY rev (3m)13%
Revenue NQ rev (1m)6.06%
Revenue NQ rev (3m)9.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.94 | ||
| Fwd PE | 2.77 | ||
| P/S | 0.97 | ||
| P/FCF | 3.73 | ||
| P/OCF | 2.19 | ||
| P/B | 0.53 | ||
| P/tB | 0.53 | ||
| EV/EBITDA | 3.64 |
EPS(TTM)4.93
EY16.84%
EPS(NY)10.58
Fwd EY36.15%
FCF(TTM)7.85
FCFY26.81%
OCF(TTM)13.39
OCFY45.75%
SpS30.15
BVpS54.85
TBVpS54.85
PEG (NY)0.1
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 3Y35.04%
ROICexcg growth 5Y55.49%
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 | 1.19 |
F-Score9
WACC6.58%
ROIC/WACC1.33
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)-44.61%
EPS 3Y109.69%
EPS 5YN/A
EPS Q2Q%-45.58%
EPS Next Y57.14%
EPS Next 2Y29.92%
EPS Next 3Y26.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.6%
Revenue growth 3Y11.36%
Revenue growth 5Y10.92%
Sales Q2Q%-22.83%
Revenue Next Year3.83%
Revenue Next 2Y2.94%
Revenue Next 3Y3.83%
Revenue Next 5YN/A
EBIT growth 1Y31.13%
EBIT growth 3Y36.66%
EBIT growth 5Y54.54%
EBIT Next Year36.91%
EBIT Next 3Y16.36%
EBIT Next 5YN/A
FCF growth 1Y1868.21%
FCF growth 3Y59.77%
FCF growth 5Y26.08%
OCF growth 1Y37.01%
OCF growth 3Y24.38%
OCF growth 5Y39.85%