TSAKOS ENERGY NAVIGATION LTD (TNP) Stock Fundamental Analysis
NYSE:TNP - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to TNP. TNP was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of TNP get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on TNP.
1. Profitability
1.1 Basic Checks
In the past year TNP was profitable.
TNP had a positive operating cash flow in the past year.
In multiple years TNP reported negative net income over the last 5 years.
Each year in the past 5 years TNP had a positive operating cash flow.
1.2 Ratios
TNP has a Return On Assets of 7.93%. This is in the better half of the industry: TNP outperforms 62.26% of its industry peers.
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 of 8.75%. This is comparable to the rest of the industry: TNP outperforms 52.83% of its industry peers.
| 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.
TNP has a better Operating Margin (37.85%) than 70.75% of its industry peers.
In the last couple of years the Operating Margin of TNP has grown nicely.
The Gross Margin of TNP (57.82%) is better than 63.21% of its industry peers.
TNP'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), TNP is creating some value.
Compared to 1 year ago, TNP has about the same amount of shares outstanding.
TNP has more shares outstanding than it did 5 years ago.
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 has a Altman-Z score (1.19) which is comparable to the rest of the 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.
TNP has a Debt to FCF ratio of 6.75. This is comparable to the rest of the industry: TNP outperforms 54.72% of its industry peers.
TNP has a Debt/Equity ratio of 0.85. This is a neutral value indicating TNP is somewhat dependend on debt financing.
The Debt to Equity ratio of TNP (0.85) is worse than 69.34% of its industry peers.
| 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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
TNP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -44.61%.
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
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
Based on the 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.
Compared to an average S&P500 Price/Earnings ratio of 27.24, TNP is valued rather cheaply.
The Price/Forward Earnings ratio is 2.77, which indicates a rather cheap valuation of TNP.
Based on the Price/Forward Earnings ratio, TNP is valued cheaply inside the industry as 98.11% of the companies are valued more expensively.
TNP is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.42, which is the current average of the S&P500 Index.
| 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.
91.98% of the companies in the same industry are more expensive than TNP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.73 | ||
| EV/EBITDA | 3.64 |
4.3 Compensation for Growth
TNP's 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
With a Yearly Dividend Yield of 4.10%, TNP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.34, 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 2.40.
| 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
TNP pays out 23.19% of its income as dividend. This is a 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 Change0.22%
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%