NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
USA - NYSE:NAT - BMG657731060 - Common Stock
3.3 USD
-0.01 (-0.3%)
3.3 USD
0 (0%)
Taking everything into account, NAT scores 4 out of 10 in our fundamental rating. NAT was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. NAT has an average financial health and profitability rating. NAT is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NAT has reported negative net income.
In the past year NAT had a positive cash flow from operations.
Of the past 5 years NAT 4 years were profitable.
Of the past 5 years NAT 4 years had a positive operating cash flow.
1.2 Ratios
NAT has a Return On Assets (4.18%) which is in line with its industry peers.
NAT has a Return On Equity (7.24%) which is in line with its industry peers.
NAT's Return On Invested Capital of 5.71% is in line compared to the rest of the industry. NAT outperforms 50.48% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NAT is significantly below the industry average of 21.66%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROIC | 5.71% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
NAT has a Profit Margin (11.07%) which is in line with its industry peers.
NAT has a Operating Margin of 16.91%. This is comparable to the rest of the industry: NAT outperforms 49.05% of its industry peers.
In the last couple of years the Operating Margin of NAT has grown nicely.
NAT has a Gross Margin (42.39%) which is comparable to the rest of the industry.
NAT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% |
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NAT is destroying value.
The number of shares outstanding for NAT has been increased compared to 1 year ago.
NAT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NAT has an improved debt to assets ratio.
2.2 Solvency
NAT has a debt to FCF ratio of 3.93. This is a good value and a sign of high solvency as NAT would need 3.93 years to pay back of all of its debts.
NAT has a better Debt to FCF ratio (3.93) than 72.38% of its industry peers.
NAT has a Debt/Equity ratio of 0.53. This is a neutral value indicating NAT is somewhat dependend on debt financing.
NAT has a Debt to Equity ratio of 0.53. This is comparable to the rest of the industry: NAT outperforms 46.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.61
WACC9.39%
2.3 Liquidity
A Current Ratio of 1.54 indicates that NAT should not have too much problems paying its short term obligations.
NAT's Current ratio of 1.54 is fine compared to the rest of the industry. NAT outperforms 68.57% of its industry peers.
NAT has a Quick Ratio of 1.34. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
NAT's Quick ratio of 1.34 is fine compared to the rest of the industry. NAT outperforms 68.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
NAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -103.45%.
NAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.14%.
Measured over the past years, NAT shows a small growth in Revenue. The Revenue has been growing by 1.97% on average per year.
EPS 1Y (TTM)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
3.2 Future
The Earnings Per Share is expected to grow by 6.08% on average over the next years.
Based on estimates for the next years, NAT will show a small growth in Revenue. The Revenue will grow by 4.61% on average per year.
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue Next Year-12.18%
Revenue Next 2Y9.82%
Revenue Next 3Y4.61%
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 accelerating.
4. Valuation
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 9.59, the valuation of NAT can be described as very reasonable.
Based on the Price/Forward Earnings ratio, NAT is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
NAT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.59 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NAT.
Based on the Price/Free Cash Flow ratio, NAT is valued cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.07 | ||
| EV/EBITDA | 8.42 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.07%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.26%, NAT is a good candidate for dividend investing.
NAT's Dividend Yield is rather good when compared to the industry average which is at 6.17. NAT pays more dividend than 84.29% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, NAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.26% |
5.2 History
The dividend of NAT is nicely growing with an annual growth rate of 33.35%!
NAT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NAT pays out 264.15% of its income as dividend. This is not a sustainable payout ratio.
The dividend of NAT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP264.15%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
3.3
-0.01 (-0.3%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.48%
Inst Owner Change-1.34%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap698.77M
Analysts76
Price Target3.54 (7.27%)
Short Float %6.87%
Short Ratio7.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.26% |
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP264.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-121.2%
Min EPS beat(2)-170.15%
Max EPS beat(2)-72.24%
EPS beat(4)1
Avg EPS beat(4)-60.46%
Min EPS beat(4)-170.15%
Max EPS beat(4)1.55%
EPS beat(8)1
Avg EPS beat(8)-41.46%
EPS beat(12)3
Avg EPS beat(12)-26.13%
EPS beat(16)3
Avg EPS beat(16)-22.56%
Revenue beat(2)0
Avg Revenue beat(2)-20.6%
Min Revenue beat(2)-30.58%
Max Revenue beat(2)-10.61%
Revenue beat(4)1
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-30.58%
Max Revenue beat(4)1.11%
Revenue beat(8)3
Avg Revenue beat(8)-9.54%
Revenue beat(12)5
Avg Revenue beat(12)9.91%
Revenue beat(16)6
Avg Revenue beat(16)20.65%
PT rev (1m)-0.71%
PT rev (3m)-14.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-1.07%
EPS NY rev (3m)-6.91%
Revenue NQ rev (1m)-8.96%
Revenue NQ rev (3m)-8.96%
Revenue NY rev (1m)-22.91%
Revenue NY rev (3m)-22.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.59 | ||
| P/S | 2.14 | ||
| P/FCF | 8.07 | ||
| P/OCF | 7.82 | ||
| P/B | 1.4 | ||
| P/tB | 1.4 | ||
| EV/EBITDA | 8.42 |
EPS(TTM)-0.01
EYN/A
EPS(NY)0.34
Fwd EY10.43%
FCF(TTM)0.41
FCFY12.39%
OCF(TTM)0.42
OCFY12.78%
SpS1.54
BVpS2.36
TBVpS2.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROCE | 7.22% | ||
| ROIC | 5.71% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 6.6% | ||
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% | ||
| FCFM | 26.47% |
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 4.83% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.12% | ||
| Profit Quality | 239.04% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | N/A |
F-Score4
WACC9.39%
ROIC/WACC0.61
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)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
Revenue Next Year-12.18%
Revenue Next 2Y9.82%
Revenue Next 3Y4.61%
Revenue Next 5YN/A
EBIT growth 1Y-42.47%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year67.93%
EBIT Next 3Y19.12%
EBIT Next 5YN/A
FCF growth 1Y10.18%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y6.57%
OCF growth 3YN/A
OCF growth 5Y26.16%