NORDIC AMERICAN TANKERS LTD (NAT) Fundamental Analysis & Valuation

NYSE:NAT • BMG657731060

5.78 USD
0 (0%)
At close: Mar 4, 2026
5.75 USD
-0.03 (-0.52%)
Pre-Market: 3/5/2026, 6:47:19 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

3

Taking everything into account, NAT scores 3 out of 10 in our fundamental rating. NAT was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. NAT has a medium profitability rating, but doesn't score so well on its financial health evaluation. NAT has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. NAT Profitability Analysis

1.1 Basic Checks

  • In the past year NAT has reported negative net income.
  • NAT had a positive operating cash flow in the past year.
  • NAT had positive earnings in 4 of the past 5 years.
  • NAT had a positive operating cash flow in 4 of the past 5 years.
NAT Yearly Net Income VS EBIT VS OCF VS FCFNAT 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 2024 0 100M -100M -200M

1.2 Ratios

  • The Return On Assets of NAT (1.40%) is worse than 61.35% of its industry peers.
  • With a Return On Equity value of 2.76%, NAT is not doing good in the industry: 62.32% of the companies in the same industry are doing better.
  • The Return On Invested Capital of NAT (2.37%) is worse than 67.15% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NAT is significantly below the industry average of 22.19%.
  • The last Return On Invested Capital (2.37%) for NAT is well below the 3 year average (8.03%), which needs to be investigated, but indicates that NAT had better years and this may not be a problem.
Industry RankSector Rank
ROA 1.4%
ROE 2.76%
ROIC 2.37%
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
NAT Yearly ROA, ROE, ROICNAT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

  • NAT's Profit Margin of 4.44% is in line compared to the rest of the industry. NAT outperforms 43.00% of its industry peers.
  • NAT has a Operating Margin of 8.88%. This is comparable to the rest of the industry: NAT outperforms 40.10% of its industry peers.
  • NAT's Operating Margin has improved in the last couple of years.
  • The Gross Margin of NAT (36.91%) is comparable to the rest of the industry.
  • NAT's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.88%
PM (TTM) 4.44%
GM 36.91%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
NAT Yearly Profit, Operating, Gross MarginsNAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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3

2. NAT Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NAT is destroying value.
  • The number of shares outstanding for NAT has been increased compared to 1 year ago.
  • Compared to 5 years ago, NAT has more shares outstanding
  • NAT has a better debt/assets ratio than last year.
NAT Yearly Shares OutstandingNAT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
NAT Yearly Total Debt VS Total AssetsNAT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • NAT has a Debt/Equity ratio of 0.84. This is a neutral value indicating NAT is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.84, NAT is doing worse than 64.73% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.27
WACC8.62%
NAT Yearly LT Debt VS Equity VS FCFNAT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • NAT has a Current Ratio of 2.33. This indicates that NAT is financially healthy and has no problem in meeting its short term obligations.
  • NAT has a better Current ratio (2.33) than 78.74% of its industry peers.
  • A Quick Ratio of 2.04 indicates that NAT has no problem at all paying its short term obligations.
  • NAT's Quick ratio of 2.04 is fine compared to the rest of the industry. NAT outperforms 78.26% of its industry peers.
Industry RankSector Rank
Current Ratio 2.33
Quick Ratio 2.04
NAT Yearly Current Assets VS Current LiabilitesNAT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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

1

3. NAT Growth Analysis

3.1 Past

  • NAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -120.69%.
  • Looking at the last year, NAT shows a very negative growth in Revenue. The Revenue has decreased by -19.77% in the last year.
  • NAT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.97% yearly.
EPS 1Y (TTM)-120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
Revenue 1Y (TTM)-19.77%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-12.2%

3.2 Future

  • The Earnings Per Share is expected to decrease by -30.64% on average over the next years. This is quite bad
  • Based on estimates for the next years, NAT will show a decrease in Revenue. The Revenue will decrease by -9.22% on average per year.
EPS Next Y-84.7%
EPS Next 2Y2.01%
EPS Next 3Y-30.64%
EPS Next 5YN/A
Revenue Next Year-16.74%
Revenue Next 2Y2.01%
Revenue Next 3Y-9.22%
Revenue Next 5YN/A

3.3 Evolution

  • 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.
NAT Yearly Revenue VS EstimatesNAT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
NAT Yearly EPS VS EstimatesNAT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 -0.5 1 1.5

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1

4. NAT Valuation Analysis

4.1 Price/Earnings Ratio

  • NAT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • With a Price/Forward Earnings ratio of 25.25, NAT can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NAT is on the same level as its industry peers.
  • NAT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.11.
Industry RankSector Rank
PE N/A
Fwd PE 25.25
NAT Price Earnings VS Forward Price EarningsNAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60 -80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NAT is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.96
NAT Per share dataNAT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2

4.3 Compensation for Growth

  • A cheap valuation may be justified as NAT's earnings are expected to decrease with -30.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.01%
EPS Next 3Y-30.64%

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

6

5. NAT Dividend Analysis

5.1 Amount

  • NAT has a Yearly Dividend Yield of 8.70%, which is a nice return.
  • NAT's Dividend Yield is rather good when compared to the industry average which is at 3.47. NAT pays more dividend than 90.34% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, NAT pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.7%

5.2 History

  • On average, the dividend of NAT grows each year by 33.35%, which is quite nice.
  • NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
NAT Yearly Dividends per shareNAT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 643.81% of the earnings are spent on dividend by NAT. This is not a sustainable payout ratio.
  • The Dividend Rate of NAT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP643.81%
EPS Next 2Y2.01%
EPS Next 3Y-30.64%
NAT Yearly Income VS Free CF VS DividendNAT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M
NAT Dividend Payout.NAT Dividend Payout, showing the Payout Ratio.NAT Dividend Payout.PayoutRetained Earnings

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NAT Fundamentals: All Metrics, Ratios and Statistics

NORDIC AMERICAN TANKERS LTD

NYSE:NAT (3/4/2026, 8:04:00 PM)

Premarket: 5.75 -0.03 (-0.52%)

5.78

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-20
Earnings (Next)05-27
Inst Owners43.91%
Inst Owner Change8.49%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap1.22B
Revenue(TTM)294.82M
Net Income(TTM)13.38M
Analysts77.5
Price Target4.35 (-24.74%)
Short Float %6.43%
Short Ratio3.72
Dividend
Industry RankSector Rank
Dividend Yield 8.7%
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP643.81%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-173.4%
Min EPS beat(2)-176.65%
Max EPS beat(2)-170.15%
EPS beat(4)0
Avg EPS beat(4)-105.01%
Min EPS beat(4)-176.65%
Max EPS beat(4)-0.99%
EPS beat(8)1
Avg EPS beat(8)-63.18%
EPS beat(12)2
Avg EPS beat(12)-44.37%
EPS beat(16)3
Avg EPS beat(16)-33.17%
Revenue beat(2)0
Avg Revenue beat(2)-32.88%
Min Revenue beat(2)-35.18%
Max Revenue beat(2)-30.58%
Revenue beat(4)0
Avg Revenue beat(4)-19.34%
Min Revenue beat(4)-35.18%
Max Revenue beat(4)-0.99%
Revenue beat(8)2
Avg Revenue beat(8)-14.05%
Revenue beat(12)5
Avg Revenue beat(12)8.18%
Revenue beat(16)6
Avg Revenue beat(16)28.48%
PT rev (1m)4.07%
PT rev (3m)18.52%
EPS NQ rev (1m)-34.78%
EPS NQ rev (3m)-34.78%
EPS NY rev (1m)0%
EPS NY rev (3m)-67.32%
Revenue NQ rev (1m)-3.65%
Revenue NQ rev (3m)-3.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.07%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 25.25
P/S 4.06
P/FCF N/A
P/OCF 20.98
P/B 2.52
P/tB 2.52
EV/EBITDA 18.96
EPS(TTM)-0.06
EYN/A
EPS(NY)0.23
Fwd EY3.96%
FCF(TTM)-0.37
FCFYN/A
OCF(TTM)0.28
OCFY4.77%
SpS1.42
BVpS2.29
TBVpS2.29
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 1.4%
ROE 2.76%
ROCE 3%
ROIC 2.37%
ROICexc 2.65%
ROICexgc 2.65%
OM 8.88%
PM (TTM) 4.44%
GM 36.91%
FCFM N/A
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
F-Score4
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF N/A
Debt/EBITDA 4.91
Cap/Depr 242.58%
Cap/Sales 45.23%
Interest Coverage 250
Cash Conversion 70.36%
Profit Quality N/A
Current Ratio 2.33
Quick Ratio 2.04
Altman-Z N/A
F-Score4
WACC8.62%
ROIC/WACC0.27
Cap/Depr(3y)52.71%
Cap/Depr(5y)35.03%
Cap/Sales(3y)7.02%
Cap/Sales(5y)5.08%
Profit Quality(3y)153.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
EPS Next Y-84.7%
EPS Next 2Y2.01%
EPS Next 3Y-30.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.77%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-12.2%
Revenue Next Year-16.74%
Revenue Next 2Y2.01%
Revenue Next 3Y-9.22%
Revenue Next 5YN/A
EBIT growth 1Y-70.62%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year14.32%
EBIT Next 3Y-2.9%
EBIT Next 5YN/A
FCF growth 1Y-159.04%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y-57.48%
OCF growth 3YN/A
OCF growth 5Y26.16%

NORDIC AMERICAN TANKERS LTD / NAT FAQ

What is the fundamental rating for NAT stock?

ChartMill assigns a fundamental rating of 3 / 10 to NAT.


What is the valuation status of NORDIC AMERICAN TANKERS LTD (NAT) stock?

ChartMill assigns a valuation rating of 1 / 10 to NORDIC AMERICAN TANKERS LTD (NAT). This can be considered as Overvalued.


What is the profitability of NAT stock?

NORDIC AMERICAN TANKERS LTD (NAT) has a profitability rating of 4 / 10.


What is the financial health of NORDIC AMERICAN TANKERS LTD (NAT) stock?

The financial health rating of NORDIC AMERICAN TANKERS LTD (NAT) is 3 / 10.