EURONAV NV (EURN) Stock Fundamental Analysis
USA - NYSE:EURN - BE0003816338 - Common Stock
16.31 USD
0 (0%)
16.56 USD
+0.25 (+1.53%)
We assign a fundamental rating of 7 out of 10 to EURN. EURN was compared to 211 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination. 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.
Of the past 5 years EURN 4 years were profitable.
EURN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 39.20%, EURN belongs to the best of the industry, outperforming 95.28% of the companies in the same industry.
EURN has a Return On Equity of 75.63%. This is amongst the best in the industry. EURN outperforms 94.34% of its industry peers.
EURN has a Return On Invested Capital of 20.84%. This is amongst the best in the industry. EURN outperforms 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
EURN has a better Profit Margin (83.69%) than 93.40% of its industry peers.
EURN's Profit Margin has improved in the last couple of years.
EURN has a Operating Margin of 46.80%. This is amongst the best in the industry. EURN outperforms 85.38% of its industry peers.
In the last couple of years the Operating Margin of EURN has grown nicely.
The Gross Margin of EURN (68.73%) is better than 74.06% of its industry peers.
EURN's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so EURN is creating value.
The number of shares outstanding for EURN has been increased compared to 1 year ago.
EURN has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, EURN has an improved debt to assets ratio.
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.
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 Debt to FCF ratio of 3.08. This is in the better half of the industry: EURN outperforms 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 of 0.60. This is comparable to the rest of the industry: EURN outperforms 42.92% of its industry peers.
| 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.
EURN has a Current ratio (1.33) which is in line with its industry peers.
A Quick Ratio of 1.28 indicates that EURN should not have too much problems paying its short term obligations.
The Quick ratio of EURN (1.28) is better than 62.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 180.38% over the past year.
EURN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.93% yearly.
The Revenue has grown by 23.67% in the past year. This is a very strong growth!
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.
EURN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.43% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
With a Price/Earnings ratio of 2.78, the valuation of EURN can be described as very cheap.
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.
The average S&P500 Price/Earnings ratio is at 27.42. EURN is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 6.86, the valuation of EURN can be described as very cheap.
Based on the Price/Forward Earnings ratio, EURN is valued a bit cheaper than 79.25% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, EURN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.78 | ||
| Fwd PE | 6.86 |
4.2 Price Multiples
EURN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. EURN is cheaper than 72.17% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, EURN is valued cheaply inside the industry as 80.19% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.99 | ||
| EV/EBITDA | 4.55 |
4.3 Compensation for Growth
The excellent profitability rating of EURN may justify a higher PE ratio.
EURN's earnings are expected to decrease with -23.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-25.37%
EPS Next 3Y-23.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 59.90%, EURN is a good candidate for dividend investing.
EURN's Dividend Yield is rather good when compared to the industry average which is at 6.30. EURN pays more dividend than 100.00% of the companies in the same industry.
EURN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| 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 Change1.62%
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%