EURONAV NV (EURN) Fundamental Analysis & Valuation

NYSE:EURN • BE0003816338

16.31 USD
0 (0%)
At close: Jul 12, 2024
16.56 USD
+0.25 (+1.53%)
After Hours: 7/12/2024, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to EURN. EURN was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. While EURN belongs to the best of the industry regarding profitability, 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. With these ratings, EURN could be worth investigating further for value and dividend investing!.


Dividend Valuation Growth Profitability Health

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.
  • Of the past 5 years EURN 4 years were profitable.
  • 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

  • EURN has a better Return On Assets (39.20%) than 95.28% of its industry peers.
  • Looking at the Return On Equity, with a value of 75.63%, EURN belongs to the top 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 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

  • The Profit Margin of EURN (83.69%) is better than 93.40% of its industry peers.
  • EURN's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 46.80%, EURN belongs to the best of the industry, outperforming 85.38% of the companies in the same industry.
  • EURN's Operating Margin has improved in the last couple of years.
  • 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.
  • EURN's Gross Margin has improved in the last couple of years.
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.
  • The debt/assets ratio for EURN has been reduced compared to a year ago.
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

  • An Altman-Z score of 2.64 indicates that EURN is not a great score, but indicates 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.
  • EURN has a debt to FCF ratio of 3.08. This is a good value and a sign of high solvency as EURN would need 3.08 years to pay back of all of its debts.
  • EURN has a better Debt to FCF ratio (3.08) than 68.40% of its industry peers.
  • A Debt/Equity ratio of 0.60 indicates that EURN is somewhat dependend on debt financing.
  • EURN has a Debt to Equity ratio (0.60) which is in line with its industry peers.
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

  • EURN has a Current Ratio of 1.33. 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 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.
  • The Quick ratio of EURN (1.28) is better than 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

  • The Earnings Per Share has grown by an impressive 180.38% over the past year.
  • Measured over the past years, EURN shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.93% on average per year.
  • Looking at the last year, EURN shows a very strong growth in Revenue. 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

  • Based on estimates for the next years, EURN will show a very negative growth in Earnings Per Share. The EPS will decrease by -23.36% on average per year.
  • The Revenue is expected to grow by 0.43% on average over the next years.
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.
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.
  • EURN's Price/Earnings ratio is rather cheap when compared to the industry. EURN is cheaper than 98.11% of the companies in the same industry.
  • EURN is valuated cheaply when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 6.86, which indicates a rather cheap valuation of EURN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EURN indicates a somewhat cheap valuation: EURN is cheaper than 79.25% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, EURN is valued rather cheaply.
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 5 10 15 20 25

4.2 Price Multiples

  • 72.17% of the companies in the same industry are more expensive than EURN, based on the Enterprise Value to EBITDA ratio.
  • 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

  • The excellent profitability rating of EURN 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%

More info and screens

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

7

5. EURN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 59.90%, EURN is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.45, 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 1.82, EURN pays a better dividend.
Industry RankSector Rank
Dividend Yield 59.9%

5.2 History

  • The dividend of EURN is nicely growing with an annual growth rate of 91.85%!
  • EURN has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of EURN decreased 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

  • 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%
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 NumberN/A
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 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.


Can you provide the profitability details for EURONAV NV?

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


Can you provide the PE and PB ratios for EURN stock?

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 expected EPS growth for EURN stock?

The Earnings per Share (EPS) of EURONAV NV (EURN) is expected to decline by -42.87% in the next year.