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.
1. EURN Profitability Analysis
1.1 Basic Checks
- EURN had positive earnings in the past year.
- In the past year EURN had a positive cash flow from operations.
- EURN had positive earnings in 4 of the past 5 years.
- EURN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- EURN's Return On Assets of 39.20% is amongst the best of the industry. EURN outperforms 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 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.
- The Operating Margin of EURN (46.80%) is better 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. EURN Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so EURN is creating value.
- Compared to 1 year ago, EURN has more shares outstanding
- 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.
- EURN has a better Altman-Z score (2.64) 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.
- The Debt to FCF ratio of EURN (3.08) is better 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.
- EURN's Debt to Equity ratio of 0.60 is in line compared 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
- 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.
- A Quick Ratio of 1.28 indicates that EURN should not have too much problems paying its short term obligations.
- EURN has a better Quick ratio (1.28) than 62.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.28 |
3. EURN Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 180.38% over the past year.
- The Earnings Per Share has been growing by 24.93% on average over the past years. This is a very strong growth
- 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
- The Earnings Per Share is expected to decrease by -23.36% on average over the next years. This is quite bad
- 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.
4. EURN Valuation Analysis
4.1 Price/Earnings Ratio
- EURN is valuated cheaply with a Price/Earnings ratio of 2.78.
- Based on the Price/Earnings ratio, EURN is valued cheaper than 98.11% of the companies in the same industry.
- When comparing the Price/Earnings ratio of EURN to the average of the S&P500 Index (26.78), we can say EURN is valued rather cheaply.
- The Price/Forward Earnings ratio is 6.86, which 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.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.54, 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.
- 80.19% of the companies in the same industry are more expensive than EURN, based on the Price/Free Cash Flow ratio.
| 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. 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 3.24. EURN pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, 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 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
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 Fundamentals: All Metrics, Ratios and Statistics
16.31
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-08 2024-05-08/bmo
Earnings (Next)08-08 2024-08-08/bmo
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 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
Graham NumberN/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
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 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%
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%.