EURONAV NV (EURN) Stock Fundamental Analysis
NYSE:EURN - New York Stock Exchange, Inc. - BE0003816338 - Common Stock - Currency: USD
Overall EURN gets a fundamental rating of 7 out of 10. We evaluated EURN against 212 industry peers in the Oil, Gas & Consumable Fuels industry. EURN has an excellent profitability rating, but there are some minor concerns on its financial health. EURN is valued quite cheap, while showing a decent growth score. This is a good combination! Finally EURN also has an excellent dividend rating. This makes EURN very considerable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year EURN was profitable.
EURN had a positive operating cash flow in the past year.
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.
1.2 Ratios
EURN has a better Return On Assets (39.20%) than 95.28% of its industry peers.
With an excellent Return On Equity value of 75.63%, EURN belongs to the best of the industry, outperforming 94.34% of the companies in the same industry.
EURN has a better Return On Invested Capital (20.84%) than 91.98% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
With an excellent Profit Margin value of 83.69%, EURN belongs to the best of the industry, outperforming 93.40% of the companies in the same industry.
In the last couple of years the Profit Margin of EURN has grown nicely.
EURN has a better Operating Margin (46.80%) than 85.38% of its industry peers.
EURN's Operating Margin has improved in the last couple of years.
EURN's Gross Margin of 68.73% is fine compared to the rest of the industry. EURN outperforms 74.06% of its industry peers.
In the last couple of years the Gross Margin of EURN has grown nicely.
| Industry Rank | Sector 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%
2. Health
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.
The number of shares outstanding for EURN has been reduced compared to 5 years ago.
The debt/assets ratio for EURN has been reduced compared to a year ago.
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.
Looking at the Altman-Z score, with a value of 2.64, EURN is in the better half of the industry, outperforming 69.34% of the companies in the same industry.
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.
With a decent Debt to FCF ratio value of 3.08, EURN is doing good in the industry, outperforming 68.40% of the companies in the same industry.
A Debt/Equity ratio of 0.60 indicates that EURN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.60, EURN is in line with its industry, outperforming 42.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 3.08 | ||
| Altman-Z | 2.64 |
ROIC/WACC2.69
WACC7.74%
2.3 Liquidity
A Current Ratio of 1.33 indicates that EURN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.33, EURN is in line with its industry, outperforming 53.77% of the companies in the same industry.
EURN has a Quick Ratio of 1.28. This is a normal value and indicates that EURN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.28, EURN is in the better half of the industry, outperforming 62.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.28 |
3. Growth
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.
Looking at the last year, EURN shows a very strong growth in Revenue. The Revenue has grown by 23.67%.
EURN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.53% yearly.
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.
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
The Price/Earnings ratio is 2.78, which indicates a rather cheap valuation of EURN.
Compared to the rest of the industry, the Price/Earnings ratio of EURN indicates a rather cheap valuation: EURN is cheaper than 98.11% of the companies listed in the same industry.
EURN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
With a Price/Forward Earnings ratio of 6.86, the valuation of EURN can be described as very cheap.
79.25% of the companies in the same industry are more expensive than EURN, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.08. EURN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.78 | ||
| Fwd PE | 6.86 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EURN indicates a somewhat cheap valuation: EURN is cheaper than 72.17% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, EURN is valued cheaper than 80.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.99 | ||
| EV/EBITDA | 4.55 |
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%
5. Dividend
5.1 Amount
EURN has a Yearly Dividend Yield of 59.90%, which is a nice return.
Compared to an average industry Dividend Yield of 7.52, EURN pays a better dividend. On top of this EURN pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.52, EURN pays a better dividend.
| Industry Rank | Sector 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 been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
43.64% of the earnings are spent on dividend by EURN. This is a bit on the high side, but may be sustainable.
DP43.64%
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%
16.31
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners1.55%
Inst Owner Change-0.04%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.59B
Analysts76.67
Price Target18.38 (12.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector 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
Profitability
| Industry Rank | Sector 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
ROICexcg growth 3Y14.99%
ROICexcg 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 Rank | Sector 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%