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. TNP is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year TNP was profitable.
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.
TNP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TNP's Return On Assets of 7.93% is fine compared to the rest of the industry. TNP outperforms 62.26% of its industry peers.
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.
TNP has a Return On Invested Capital (8.75%) which is comparable to the rest of the 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%, TNP is in the better half of the industry, outperforming 76.89% of the companies in the same industry.
With a decent Operating Margin value of 37.85%, TNP is doing good in 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.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TNP is still creating some value.
The number of shares outstanding for TNP remains at a similar level compared to 1 year ago.
Compared to 5 years ago, TNP has more shares outstanding
Compared to 1 year ago, TNP has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.19, we must say that TNP is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.19, TNP perfoms like the industry average, outperforming 44.34% of the companies in the same industry.
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.
The Debt to FCF ratio of TNP (6.75) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.85 indicates that TNP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.85, TNP is doing worse than 69.34% of the companies in the same industry.
| 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.
TNP has a Current ratio of 1.58. This is in the better half of the industry: TNP outperforms 66.98% of its industry peers.
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.
With a decent Quick ratio value of 1.51, TNP is doing good in 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.
The Revenue for TNP has decreased by -14.60% in the past year. This is quite bad
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.94 indicates a rather cheap valuation of TNP.
Based on the Price/Earnings ratio, TNP is valued cheaply inside the industry as 85.38% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of TNP to the average of the S&P500 Index (26.57), we can say TNP is valued rather cheaply.
With a Price/Forward Earnings ratio of 2.77, the valuation of TNP can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of TNP indicates a rather cheap valuation: TNP is cheaper than 98.11% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.41, TNP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.94 | ||
| Fwd PE | 2.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TNP is valued cheaper than 81.60% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TNP is valued cheaply inside the industry as 91.98% of the companies are valued more expensively.
| 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.
TNP's earnings are expected to grow with 26.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y29.92%
EPS Next 3Y26.91%
5. Dividend
5.1 Amount
TNP has a Yearly Dividend Yield of 4.10%, which is a nice return.
Compared to an average industry Dividend Yield of 6.56, TNP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, TNP pays a better dividend.
| 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.
TNP has decreased its dividend 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%