TSAKOS ENERGY NAVIGATION LTD (TNP) Fundamental Analysis & Valuation

NYSE:TNP • BMG9108L1735

Current stock price

29.28 USD
-0.16 (-0.54%)
At close:
29.28 USD
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This TNP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. TNP Profitability Analysis

1.1 Basic Checks

  • TNP had positive earnings in the past year.
  • TNP had a positive operating cash flow in the past year.
  • In multiple years TNP reported negative net income over the last 5 years.
  • In the past 5 years TNP always reported a positive cash flow from operatings.
TNP Yearly Net Income VS EBIT VS OCF VS FCFTNP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M

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's Return On Equity of 16.48% is in line compared to the rest of the industry. TNP outperforms 58.49% of its industry peers.
  • TNP has a Return On Invested Capital (8.75%) which is comparable to the rest of the 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
TNP Yearly ROA, ROE, ROICTNP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

1.3 Margins

  • Looking at the Profit Margin, with a value of 29.99%, TNP is in the better half of the industry, outperforming 76.89% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 37.85%, TNP is in the better half of the industry, outperforming 70.75% of the companies in the same industry.
  • TNP's Operating Margin has improved in the last couple of years.
  • TNP has a Gross Margin of 57.82%. This is in the better half of the industry: TNP outperforms 63.21% of its industry peers.
  • TNP'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%
TNP Yearly Profit, Operating, Gross MarginsTNP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

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4

2. TNP Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TNP is creating some value.
  • The number of shares outstanding for TNP remains at a similar level compared to 1 year ago.
  • TNP has a better debt/assets ratio than last year.
TNP Yearly Shares OutstandingTNP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
TNP Yearly Total Debt VS Total AssetsTNP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

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.
  • The Debt to FCF ratio of TNP is 6.75, which is on the high side as it means it would take TNP, 6.75 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.75, TNP is in line with its industry, outperforming 54.72% of the companies in the same industry.
  • A Debt/Equity ratio of 0.85 indicates that TNP is somewhat dependend on debt financing.
  • TNP's Debt to Equity ratio of 0.85 is on the low side compared to the rest of the industry. TNP is outperformed by 69.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 6.75
Altman-Z 1.19
ROIC/WACC1.33
WACC6.58%
TNP Yearly LT Debt VS Equity VS FCFTNP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B

2.3 Liquidity

  • TNP has a Current Ratio of 1.58. This is a normal value and indicates that TNP is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.58, TNP is in the better half of the industry, outperforming 66.98% of the companies in the same industry.
  • TNP has a Quick Ratio of 1.51. This is a normal value and indicates that TNP is financially healthy and should not expect problems in meeting its short term obligations.
  • TNP has a Quick ratio of 1.51. This is in the better half of the industry: TNP outperforms 68.87% of its industry peers.
Industry RankSector Rank
Current Ratio 1.58
Quick Ratio 1.51
TNP Yearly Current Assets VS Current LiabilitesTNP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. TNP Growth Analysis

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%.
  • TNP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.92% yearly.
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

  • The Earnings Per Share is expected to grow by 26.91% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 3.83% on average over the next years.
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

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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.
TNP Yearly Revenue VS EstimatesTNP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
TNP Yearly EPS VS EstimatesTNP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5 -5 10

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9

4. TNP Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 5.94, the valuation of TNP can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of TNP indicates a rather cheap valuation: TNP is cheaper than 85.38% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 24.89. TNP is valued rather cheaply when compared to this.
  • TNP is valuated cheaply with a Price/Forward Earnings ratio of 2.77.
  • TNP's Price/Forward Earnings ratio is rather cheap when compared to the industry. TNP is cheaper than 98.11% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of TNP to the average of the S&P500 Index (22.19), we can say TNP is valued rather cheaply.
Industry RankSector Rank
PE 5.94
Fwd PE 2.77
TNP Price Earnings VS Forward Price EarningsTNP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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.
  • 91.98% of the companies in the same industry are more expensive than TNP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 3.73
EV/EBITDA 3.64
TNP Per share dataTNP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

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%

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6

5. TNP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.10%, TNP is a good candidate for dividend investing.
  • TNP's Dividend Yield is a higher than the industry average which is at 3.20.
  • TNP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector 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.
  • TNP has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-3.85%
Div Incr Years2
Div Non Decr Years2
TNP Yearly Dividends per shareTNP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

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%
TNP Yearly Income VS Free CF VS DividendTNP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M
TNP Dividend Payout.TNP Dividend Payout, showing the Payout Ratio.TNP Dividend Payout.PayoutRetained Earnings

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TNP Fundamentals: All Metrics, Ratios and Statistics

TSAKOS ENERGY NAVIGATION LTD

NYSE:TNP (6/28/2024, 8:04:00 PM)

After market: 29.28 0 (0%)

29.28

-0.16 (-0.54%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)06-24
Earnings (Next)09-05
Inst Owners21.77%
Inst Owner Change-2.1%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap864.05M
Revenue(TTM)830.03M
Net Income(TTM)266.81M
Analysts86.67
Price Target35.7 (21.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector 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
Graham NumberN/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
ROICexgc growth 3Y35.04%
ROICexgc 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 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 1.19
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%

TSAKOS ENERGY NAVIGATION LTD / TNP Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TSAKOS ENERGY NAVIGATION LTD (TNP) stock?

ChartMill assigns a fundamental rating of 5 / 10 to TNP.


Can you provide the valuation status for TSAKOS ENERGY NAVIGATION LTD?

ChartMill assigns a valuation rating of 9 / 10 to TSAKOS ENERGY NAVIGATION LTD (TNP). This can be considered as Undervalued.


What is the profitability of TNP stock?

TSAKOS ENERGY NAVIGATION LTD (TNP) has a profitability rating of 5 / 10.


What are the PE and PB ratios of TSAKOS ENERGY NAVIGATION LTD (TNP) stock?

The Price/Earnings (PE) ratio for TSAKOS ENERGY NAVIGATION LTD (TNP) is 5.94 and the Price/Book (PB) ratio is 0.53.


What is the financial health of TSAKOS ENERGY NAVIGATION LTD (TNP) stock?

The financial health rating of TSAKOS ENERGY NAVIGATION LTD (TNP) is 4 / 10.