EURONAV NV (EURN) Fundamental Analysis & Valuation

NYSE:EURN • BE0003816338

Current stock price

16.31 USD
0 (0%)
At close:
16.56 USD
+0.25 (+1.53%)
After Hours:

This EURN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. EURN Profitability Analysis

1.1 Basic Checks

  • In the past year EURN was profitable.
  • In the past year EURN had a positive cash flow from operations.
  • EURN had positive earnings in 4 of the past 5 years.
  • Of the past 5 years EURN 4 years had a positive operating cash flow.
EURN Yearly Net Income VS EBIT VS OCF VS FCFEURN 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 500M

1.2 Ratios

  • The Return On Assets of EURN (39.20%) is better than 95.28% of its industry peers.
  • The Return On Equity of EURN (75.63%) is better than 94.34% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 20.84%, EURN belongs to the top of the industry, outperforming 91.98% of the companies in the same industry.
Industry RankSector Rank
ROA 39.2%
ROE 75.63%
ROIC 20.84%
ROA(3y)7.08%
ROA(5y)7.35%
ROE(3y)9.49%
ROE(5y)10.76%
ROIC(3y)N/A
ROIC(5y)N/A
EURN Yearly ROA, ROE, ROICEURN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 30

1.3 Margins

  • EURN has a Profit Margin of 83.69%. This is amongst the best in the industry. EURN outperforms 93.40% of its industry peers.
  • In the last couple of years the Profit Margin of EURN has grown nicely.
  • The Operating Margin of EURN (46.80%) is better than 85.38% of its industry peers.
  • In the last couple of years the Operating Margin of EURN has grown nicely.
  • With a decent Gross Margin value of 68.73%, EURN is doing good in the industry, outperforming 74.06% of the companies in the same industry.
  • In the last couple of years the Gross Margin of EURN has grown nicely.
Industry RankSector Rank
OM 46.8%
PM (TTM) 83.69%
GM 68.73%
OM growth 3Y4.59%
OM growth 5YN/A
PM growth 3Y21.12%
PM growth 5YN/A
GM growth 3Y-0.85%
GM growth 5Y8.95%
EURN Yearly Profit, Operating, Gross MarginsEURN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50

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5

2. EURN Health Analysis

2.1 Basic Checks

  • EURN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for EURN has been increased compared to 1 year ago.
  • EURN has a better debt/assets ratio than last year.
EURN Yearly Shares OutstandingEURN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
EURN Yearly Total Debt VS Total AssetsEURN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

  • EURN has an Altman-Z score of 2.64. This is not the best score and indicates that EURN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of EURN (2.64) is better than 69.34% of its industry peers.
  • The Debt to FCF ratio of EURN is 3.08, which is a good value as it means it would take EURN, 3.08 years of fcf income to pay off all of its debts.
  • EURN has a better Debt to FCF ratio (3.08) than 68.40% of its industry peers.
  • EURN has a Debt/Equity ratio of 0.60. This is a neutral value indicating EURN is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.60, EURN perfoms like the industry average, outperforming 42.92% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.08
Altman-Z 2.64
ROIC/WACC2.69
WACC7.74%
EURN Yearly LT Debt VS Equity VS FCFEURN 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 2B

2.3 Liquidity

  • A Current Ratio of 1.33 indicates that EURN should not have too much problems paying its short term obligations.
  • EURN's Current ratio of 1.33 is in line compared to the rest of the industry. EURN outperforms 53.77% of its industry peers.
  • A Quick Ratio of 1.28 indicates that EURN should not have too much problems paying its short term obligations.
  • EURN's Quick ratio of 1.28 is fine compared to the rest of the industry. EURN outperforms 62.26% of its industry peers.
Industry RankSector Rank
Current Ratio 1.33
Quick Ratio 1.28
EURN Yearly Current Assets VS Current LiabilitesEURN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

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

5

3. EURN Growth Analysis

3.1 Past

  • EURN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 180.38%, which is quite impressive.
  • EURN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.93% yearly.
  • EURN shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.67%.
  • The Revenue has been growing by 15.53% on average over the past years. This is quite good.
EPS 1Y (TTM)180.38%
EPS 3Y24.93%
EPS 5YN/A
EPS Q2Q%182.76%
Revenue 1Y (TTM)23.67%
Revenue growth 3Y0.68%
Revenue growth 5Y15.53%
Sales Q2Q%-29.29%

3.2 Future

  • EURN is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -23.36% yearly.
  • Based on estimates for the next years, EURN will show a small growth in Revenue. The Revenue will grow by 0.43% on average per year.
EPS Next Y-42.87%
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%
EPS Next 5YN/A
Revenue Next Year-16.96%
Revenue Next 2Y-3.81%
Revenue Next 3Y0.43%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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.
EURN Yearly Revenue VS EstimatesEURN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
EURN Yearly EPS VS EstimatesEURN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 4

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8

4. EURN Valuation Analysis

4.1 Price/Earnings Ratio

  • EURN is valuated cheaply with a Price/Earnings ratio of 2.78.
  • 98.11% of the companies in the same industry are more expensive than EURN, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.71. EURN is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 6.86 indicates a rather cheap valuation of EURN.
  • Based on the Price/Forward Earnings ratio, EURN is valued a bit cheaper than the industry average as 79.25% of the companies are valued more expensively.
  • EURN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.09.
Industry RankSector Rank
PE 2.78
Fwd PE 6.86
EURN Price Earnings VS Forward Price EarningsEURN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, EURN is valued a bit cheaper than the industry average as 72.17% of the companies are valued more expensively.
  • EURN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. EURN is cheaper than 80.19% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.99
EV/EBITDA 4.55
EURN Per share dataEURN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • EURN has an outstanding profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as EURN's earnings are expected to decrease with -23.36% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. EURN Dividend Analysis

5.1 Amount

  • EURN has a Yearly Dividend Yield of 59.90%, which is a nice return.
  • EURN's Dividend Yield is rather good when compared to the industry average which is at 3.26. EURN pays more dividend than 100.00% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, EURN pays a better dividend.
Industry RankSector Rank
Dividend Yield 59.9%

5.2 History

  • On average, the dividend of EURN grows each year by 91.85%, which is quite nice.
  • EURN has paid a dividend for at least 10 years, which is a reliable track record.
  • EURN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)91.85%
Div Incr Years2
Div Non Decr Years2
EURN Yearly Dividends per shareEURN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

5.3 Sustainability

  • EURN pays out 43.64% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP43.64%
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%
EURN Yearly Income VS Free CF VS DividendEURN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M -400M 600M 800M
EURN Dividend Payout.EURN Dividend Payout, showing the Payout Ratio.EURN Dividend Payout.PayoutRetained Earnings

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EURN Fundamentals: All Metrics, Ratios and Statistics

EURONAV NV

NYSE:EURN (7/12/2024, 8:04:00 PM)

After market: 16.56 +0.25 (+1.53%)

16.31

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08
Earnings (Next)08-08
Inst Owners1.55%
Inst Owner Change26.67%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.59B
Revenue(TTM)1.75B
Net Income(TTM)1.47B
Analysts76.67
Price Target18.38 (12.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 59.9%
Yearly Dividend3.12
Dividend Growth(5Y)91.85%
DP43.64%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)312.39%
Min EPS beat(2)294.49%
Max EPS beat(2)330.29%
EPS beat(4)4
Avg EPS beat(4)163.02%
Min EPS beat(4)2.43%
Max EPS beat(4)330.29%
EPS beat(8)7
Avg EPS beat(8)99.9%
EPS beat(12)9
Avg EPS beat(12)68.55%
EPS beat(16)10
Avg EPS beat(16)47.36%
Revenue beat(2)0
Avg Revenue beat(2)-3.71%
Min Revenue beat(2)-5.44%
Max Revenue beat(2)-1.97%
Revenue beat(4)2
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-5.44%
Max Revenue beat(4)7.33%
Revenue beat(8)6
Avg Revenue beat(8)29.26%
Revenue beat(12)10
Avg Revenue beat(12)39.54%
Revenue beat(16)14
Avg Revenue beat(16)48.53%
PT rev (1m)0.52%
PT rev (3m)-8.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.61%
EPS NY rev (1m)0%
EPS NY rev (3m)5.6%
Revenue NQ rev (1m)2.6%
Revenue NQ rev (3m)-6.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.99%
Valuation
Industry RankSector Rank
PE 2.78
Fwd PE 6.86
P/S 2.05
P/FCF 6.99
P/OCF 4.17
P/B 1.85
P/tB 1.87
EV/EBITDA 4.55
EPS(TTM)5.86
EY35.93%
EPS(NY)2.38
Fwd EY14.58%
FCF(TTM)2.33
FCFY14.31%
OCF(TTM)3.91
OCFY23.98%
SpS7.97
BVpS8.82
TBVpS8.74
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 39.2%
ROE 75.63%
ROCE 26.38%
ROIC 20.84%
ROICexc 24.92%
ROICexgc 25.09%
OM 46.8%
PM (TTM) 83.69%
GM 68.73%
FCFM 29.27%
ROA(3y)7.08%
ROA(5y)7.35%
ROE(3y)9.49%
ROE(5y)10.76%
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 3Y14.99%
ROICexgc growth 5YN/A
ROICexc growth 3Y14.77%
ROICexc growth 5YN/A
OM growth 3Y4.59%
OM growth 5YN/A
PM growth 3Y21.12%
PM growth 5YN/A
GM growth 3Y-0.85%
GM growth 5Y8.95%
F-Score6
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.08
Debt/EBITDA 1.14
Cap/Depr 169.32%
Cap/Sales 19.79%
Interest Coverage 7.2
Cash Conversion 83.89%
Profit Quality 34.97%
Current Ratio 1.33
Quick Ratio 1.28
Altman-Z 2.64
F-Score6
WACC7.74%
ROIC/WACC2.69
Cap/Depr(3y)171.91%
Cap/Depr(5y)117.72%
Cap/Sales(3y)63.03%
Cap/Sales(5y)41.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)180.38%
EPS 3Y24.93%
EPS 5YN/A
EPS Q2Q%182.76%
EPS Next Y-42.87%
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%
EPS Next 5YN/A
Revenue 1Y (TTM)23.67%
Revenue growth 3Y0.68%
Revenue growth 5Y15.53%
Sales Q2Q%-29.29%
Revenue Next Year-16.96%
Revenue Next 2Y-3.81%
Revenue Next 3Y0.43%
Revenue Next 5YN/A
EBIT growth 1Y95.73%
EBIT growth 3Y5.3%
EBIT growth 5YN/A
EBIT Next Year0.76%
EBIT Next 3Y3.89%
EBIT Next 5YN/A
FCF growth 1Y239.23%
FCF growth 3Y-12.5%
FCF growth 5YN/A
OCF growth 1Y816.22%
OCF growth 3Y-4.78%
OCF growth 5Y297.76%

EURONAV NV / EURN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for EURONAV NV?

ChartMill assigns a fundamental rating of 7 / 10 to EURN.


Can you provide the valuation status for EURONAV NV?

ChartMill assigns a valuation rating of 8 / 10 to EURONAV NV (EURN). This can be considered as Undervalued.


What is the profitability of EURN stock?

EURONAV NV (EURN) has a profitability rating of 8 / 10.


What is the valuation of EURONAV NV based on its PE and PB ratios?

The Price/Earnings (PE) ratio for EURONAV NV (EURN) is 2.78 and the Price/Book (PB) ratio is 1.85.


Can you provide the dividend sustainability for EURN stock?

The dividend rating of EURONAV NV (EURN) is 7 / 10 and the dividend payout ratio is 43.64%.