NORDIC AMERICAN TANKERS LTD (NAT)
BMG657731060 - Common Stock
We assign a fundamental rating of 4 out of 10 to NAT. NAT was compared to 205 industry peers in the Oil, Gas & Consumable Fuels industry. While NAT is still in line with the averages on profitability rating, there are concerns on its financial health. NAT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year NAT was profitable.
NAT had a positive operating cash flow in the past year.
In multiple years NAT reported negative net income over the last 5 years.
NAT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.48%, NAT is in the better half of the industry, outperforming 65.20% of the companies in the same industry.
The Return On Equity of NAT (12.32%) is comparable to the rest of the industry.
NAT's Return On Invested Capital of 10.61% is fine compared to the rest of the industry. NAT outperforms 69.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.48% | ||
| ROE | 12.32% | ||
| ROIC | 10.61% |
ROA(3y)-2.39%
ROA(5y)-0.61%
ROE(3y)-4.42%
ROE(5y)-1.33%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
NAT has a Profit Margin (17.10%) which is comparable to the rest of the industry.
NAT's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 25.35%, NAT perfoms like the industry average, outperforming 55.39% of the companies in the same industry.
NAT's Operating Margin has improved in the last couple of years.
NAT's Gross Margin of 47.44% is in line compared to the rest of the industry. NAT outperforms 51.96% of its industry peers.
NAT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.35% | ||
| PM (TTM) | 17.1% | ||
| GM | 47.44% |
OM growth 3Y12.55%
OM growth 5YN/A
PM growth 3Y21.36%
PM growth 5YN/A
GM growth 3Y3.19%
GM growth 5Y7.98%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so NAT is still creating some value.
Compared to 1 year ago, NAT has about the same amount of shares outstanding.
Compared to 5 years ago, NAT has more shares outstanding
The debt/assets ratio for NAT has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of NAT is 6.49, which is on the high side as it means it would take NAT, 6.49 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.49, NAT is in line with its industry, outperforming 54.41% of the companies in the same industry.
A Debt/Equity ratio of 0.36 indicates that NAT is not too dependend on debt financing.
The Debt to Equity ratio of NAT (0.36) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 6.49 | ||
| Altman-Z | N/A |
ROIC/WACC1.15
WACC9.19%
2.3 Liquidity
A Current Ratio of 0.73 indicates that NAT may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.73, NAT is doing worse than 74.02% of the companies in the same industry.
A Quick Ratio of 0.56 indicates that NAT may have some problems paying its short term obligations.
NAT has a Quick ratio of 0.56. This is in the lower half of the industry: NAT underperforms 79.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
NAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.21%.
Measured over the past years, NAT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.40% on average per year.
The Revenue for NAT has decreased by -17.34% in the past year. This is quite bad
The Revenue has been growing by 25.86% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-48.21%
EPS 3Y11.4%
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)-17.34%
Revenue growth 3Y3.37%
Revenue growth 5Y25.86%
Sales Q2Q%8.34%
3.2 Future
NAT is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.74% yearly.
Based on estimates for the next years, NAT will show a small growth in Revenue. The Revenue will grow by 0.74% on average per year.
EPS Next Y-42.68%
EPS Next 2Y2.33%
EPS Next 3Y3.27%
EPS Next 5Y4.74%
Revenue Next Year-8.58%
Revenue Next 2Y0.82%
Revenue Next 3Y0.06%
Revenue Next 5Y0.74%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.69 indicates a reasonable valuation of NAT.
Compared to the rest of the industry, the Price/Earnings ratio of NAT indicates a somewhat cheap valuation: NAT is cheaper than 70.10% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.54, NAT is valued rather cheaply.
The Price/Forward Earnings ratio is 5.12, which indicates a rather cheap valuation of NAT.
Based on the Price/Forward Earnings ratio, NAT is valued cheaper than 85.78% of the companies in the same industry.
NAT is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.69 | ||
| Fwd PE | 5.12 |
4.2 Price Multiples
NAT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NAT is cheaper than 63.73% of the companies in the same industry.
NAT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.29 | ||
| EV/EBITDA | 5.28 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.33%
EPS Next 3Y3.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 16.19%, NAT is a good candidate for dividend investing.
The stock price of NAT dropped by -30.77% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
NAT's Dividend Yield is rather good when compared to the industry average which is at 7.14. NAT pays more dividend than 94.12% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, NAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.19% |
5.2 History
The dividend of NAT is nicely growing with an annual growth rate of 43.90%!
NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
NAT has decreased its dividend in the last 3 years.
Dividend Growth(5Y)43.9%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
NAT pays out 142.85% 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.
DP142.85%
EPS Next 2Y2.33%
EPS Next 3Y3.27%
NORDIC AMERICAN TANKERS LTD
NYSE:NAT (12/24/2024, 7:27:31 PM)
Premarket: 2.51 -0.01 (-0.4%)2.52
+0.04 (+1.61%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners43.88%
Inst Owner Change-4.37%
Ins Owners3.31%
Ins Owner ChangeN/A
Market Cap526.18M
Analysts76
Price Target4.83 (91.67%)
Short Float %5.08%
Short Ratio3.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.19% |
Dividend Growth(5Y)43.9%
DP142.85%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.9%
Min EPS beat(2)-23.35%
Max EPS beat(2)1.55%
EPS beat(4)1
Avg EPS beat(4)-23.49%
Min EPS beat(4)-38.95%
Max EPS beat(4)1.55%
EPS beat(8)2
Avg EPS beat(8)-14.78%
EPS beat(12)3
Avg EPS beat(12)-8.82%
EPS beat(16)4
Avg EPS beat(16)-8.86%
Revenue beat(2)1
Avg Revenue beat(2)-2.17%
Min Revenue beat(2)-5.44%
Max Revenue beat(2)1.11%
Revenue beat(4)1
Avg Revenue beat(4)-10.15%
Min Revenue beat(4)-21.67%
Max Revenue beat(4)1.11%
Revenue beat(8)5
Avg Revenue beat(8)21.69%
Revenue beat(12)6
Avg Revenue beat(12)47.34%
Revenue beat(16)8
Avg Revenue beat(16)34.53%
PT rev (1m)-4.05%
PT rev (3m)-9.54%
EPS NQ rev (1m)-74.14%
EPS NQ rev (3m)-74.14%
EPS NY rev (1m)-23.4%
EPS NY rev (3m)-43.08%
Revenue NQ rev (1m)-32.37%
Revenue NQ rev (3m)-32.37%
Revenue NY rev (1m)-8.5%
Revenue NY rev (3m)-11.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.69 | ||
| Fwd PE | 5.12 | ||
| P/S | 1.43 | ||
| P/FCF | 12.29 | ||
| P/OCF | 4.44 | ||
| P/B | 1.03 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 5.28 |
EPS(TTM)0.29
EY11.51%
EPS(NY)0.49
Fwd EY19.53%
FCF(TTM)0.21
FCFY8.14%
OCF(TTM)0.57
OCFY22.53%
SpS1.76
BVpS2.44
TBVpS2.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.48% | ||
| ROE | 12.32% | ||
| ROCE | 13.43% | ||
| ROIC | 10.61% | ||
| ROICexc | 11.27% | ||
| ROICexgc | 11.27% | ||
| OM | 25.35% | ||
| PM (TTM) | 17.1% | ||
| GM | 47.44% | ||
| FCFM | 11.65% |
ROA(3y)-2.39%
ROA(5y)-0.61%
ROE(3y)-4.42%
ROE(5y)-1.33%
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 3Y21.1%
ROICexcg growth 5YN/A
ROICexc growth 3Y21.1%
ROICexc growth 5YN/A
OM growth 3Y12.55%
OM growth 5YN/A
PM growth 3Y21.36%
PM growth 5YN/A
GM growth 3Y3.19%
GM growth 5Y7.98%
F-Score4
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 6.49 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 147.32% | ||
| Cap/Sales | 20.61% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.01% | ||
| Profit Quality | 68.14% | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | N/A |
F-Score4
WACC9.19%
ROIC/WACC1.15
Cap/Depr(3y)53.34%
Cap/Depr(5y)34.88%
Cap/Sales(3y)7.56%
Cap/Sales(5y)5.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-48.21%
EPS 3Y11.4%
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y-42.68%
EPS Next 2Y2.33%
EPS Next 3Y3.27%
EPS Next 5Y4.74%
Revenue 1Y (TTM)-17.34%
Revenue growth 3Y3.37%
Revenue growth 5Y25.86%
Sales Q2Q%8.34%
Revenue Next Year-8.58%
Revenue Next 2Y0.82%
Revenue Next 3Y0.06%
Revenue Next 5Y0.74%
EBIT growth 1Y-34.06%
EBIT growth 3Y16.35%
EBIT growth 5YN/A
EBIT Next Year15.37%
EBIT Next 3Y9.14%
EBIT Next 5Y8.26%
FCF growth 1Y271.3%
FCF growth 3Y-12.92%
FCF growth 5YN/A
OCF growth 1Y608.78%
OCF growth 3Y9.33%
OCF growth 5YN/A