NORDIC AMERICAN TANKERS LTD (NAT) Fundamental Analysis & Valuation

NYSE:NAT • BMG657731060

Current stock price

5.76 USD
+0.18 (+3.23%)
At close:
5.75 USD
-0.01 (-0.17%)
After Hours:

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

3

1. NAT Profitability Analysis

1.1 Basic Checks

  • NAT had negative earnings in the past year.
  • Of the past 5 years NAT 4 years were profitable.
  • The reported operating cash flow has been mixed in the past 5 years: NAT reported negative operating cash flow in multiple 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 2025 0 100M -100M -200M

1.2 Ratios

  • NAT has a Return On Assets (1.36%) which is in line with its industry peers.
  • NAT has a Return On Equity of 2.75%. This is in the lower half of the industry: NAT underperforms 61.72% of its industry peers.
  • NAT's Return On Invested Capital of 2.81% is on the low side compared to the rest of the industry. NAT is outperformed by 66.03% of its industry peers.
  • NAT had an Average Return On Invested Capital over the past 3 years of 7.79%. This is significantly below the industry average of 22.50%.
  • The last Return On Invested Capital (2.81%) for NAT is well below the 3 year average (7.79%), which needs to be investigated, but indicates that NAT had better years and this may not be a problem.
Industry RankSector Rank
ROA 1.36%
ROE 2.75%
ROIC 2.81%
ROA(3y)6.1%
ROA(5y)-0.02%
ROE(3y)10.09%
ROE(5y)-0.27%
ROIC(3y)7.79%
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 2025 0 10 -10 -20 -30

1.3 Margins

  • The Profit Margin of NAT (6.72%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of NAT has declined.
  • With a Operating Margin value of 16.29%, NAT perfoms like the industry average, outperforming 51.20% of the companies in the same industry.
  • NAT's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 63.33%, NAT is in the better half of the industry, outperforming 71.29% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NAT has grown nicely.
Industry RankSector Rank
OM 16.29%
PM (TTM) 6.72%
GM 63.33%
OM growth 3Y15.14%
OM growth 5Y-6.59%
PM growth 3Y14.74%
PM growth 5Y-13.77%
GM growth 3Y26.8%
GM growth 5Y6.15%
NAT Yearly Profit, Operating, Gross MarginsNAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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3

2. NAT Health Analysis

2.1 Basic Checks

  • NAT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for NAT remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, NAT has more shares outstanding
  • Compared to 1 year ago, NAT has a worse debt to assets ratio.
NAT Yearly Shares OutstandingNAT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • NAT has a Debt/Equity ratio of 0.87. This is a neutral value indicating NAT is somewhat dependend on debt financing.
  • NAT's Debt to Equity ratio of 0.87 is on the low side compared to the rest of the industry. NAT is outperformed by 64.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.32
WACC8.88%
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 2025 0 200M 400M 600M 800M

2.3 Liquidity

  • NAT has a Current Ratio of 2.24. This indicates that NAT is financially healthy and has no problem in meeting its short term obligations.
  • NAT has a better Current ratio (2.24) than 77.51% of its industry peers.
  • NAT has a Quick Ratio of 1.94. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
  • NAT has a Quick ratio of 1.94. This is in the better half of the industry: NAT outperforms 76.56% of its industry peers.
Industry RankSector Rank
Current Ratio 2.24
Quick Ratio 1.94
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 2025 50M 100M 150M

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

5

3. NAT Growth Analysis

3.1 Past

  • The earnings per share for NAT have decreased strongly by -104.55% in the last year.
  • Measured over the past years, NAT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -29.79% on average per year.
  • Looking at the last year, NAT shows a very negative growth in Revenue. The Revenue has decreased by -47.81% in the last year.
  • Measured over the past years, NAT shows a very negative growth in Revenue. The Revenue has been decreasing by -12.44% on average per year.
EPS 1Y (TTM)-104.55%
EPS 3Y-6.08%
EPS 5Y-29.79%
EPS Q2Q%500%
Revenue 1Y (TTM)-47.81%
Revenue growth 3Y-18.67%
Revenue growth 5Y-12.44%
Sales Q2Q%26.66%

3.2 Future

  • The Earnings Per Share is expected to grow by 441.02% on average over the next years. This is a very strong growth
  • NAT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.67% yearly.
EPS Next Y4241%
EPS Next 2Y441.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year66.54%
Revenue Next 2Y22.67%
Revenue Next 3YN/A
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 accelerating.
  • 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.
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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3

4. NAT Valuation Analysis

4.1 Price/Earnings Ratio

  • NAT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Based on the Price/Forward Earnings ratio of 13.91, the valuation of NAT can be described as correct.
  • 66.99% of the companies in the same industry are more expensive than NAT, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 21.36. NAT is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 13.91
NAT Price Earnings VS Forward Price EarningsNAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -200 -400

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
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

  • NAT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as NAT's earnings are expected to grow with 441.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y441.02%
EPS Next 3YN/A

More info and screens

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

7

5. NAT Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 8.42%, NAT is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.51, NAT pays a better dividend. On top of this NAT pays more dividend than 90.43% of the companies listed in the same industry.
  • NAT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 8.42%

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 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • The dividend of NAT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP0%
EPS Next 2Y441.02%
EPS Next 3YN/A
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 2025 0 100M -100M -200M

More info and screens

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NAT Fundamentals: All Metrics, Ratios and Statistics

NORDIC AMERICAN TANKERS LTD

NYSE:NAT (5/1/2026, 8:04:00 PM)

After market: 5.75 -0.01 (-0.17%)

5.76

+0.18 (+3.23%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-26
Earnings (Next)05-25
Inst Owners46.34%
Inst Owner Change4.69%
Ins Owners4.37%
Ins Owner Change0%
Market Cap1.22B
Revenue(TTM)182.54M
Net Income(TTM)12.27M
Analysts77.5
Price Target5.54 (-3.82%)
Short Float %5.25%
Short Ratio1.92
Dividend
Industry RankSector Rank
Dividend Yield 8.42%
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-10
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-111%
Min EPS beat(2)-166.01%
Max EPS beat(2)-56%
EPS beat(4)0
Avg EPS beat(4)-142.2%
Min EPS beat(4)-176.65%
Max EPS beat(4)-56%
EPS beat(8)1
Avg EPS beat(8)-84.21%
EPS beat(12)2
Avg EPS beat(12)-60.24%
EPS beat(16)3
Avg EPS beat(16)-45.2%
Revenue beat(2)0
Avg Revenue beat(2)-15.62%
Min Revenue beat(2)-19.39%
Max Revenue beat(2)-11.85%
Revenue beat(4)0
Avg Revenue beat(4)-24.25%
Min Revenue beat(4)-35.18%
Max Revenue beat(4)-11.85%
Revenue beat(8)1
Avg Revenue beat(8)-16.14%
Revenue beat(12)4
Avg Revenue beat(12)-11.25%
Revenue beat(16)5
Avg Revenue beat(16)1.03%
PT rev (1m)0%
PT rev (3m)32.52%
EPS NQ rev (1m)5.88%
EPS NQ rev (3m)80%
EPS NY rev (1m)14.95%
EPS NY rev (3m)80.88%
Revenue NQ rev (1m)-7.4%
Revenue NQ rev (3m)22.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)33.26%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 13.91
P/S 6.68
P/FCF N/A
P/OCF N/A
P/B 2.74
P/tB 2.74
EV/EBITDA N/A
EPS(TTM)-0.01
EYN/A
EPS(NY)0.41
Fwd EY7.19%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS0.86
BVpS2.1
TBVpS2.1
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 1.36%
ROE 2.75%
ROCE 3.56%
ROIC 2.81%
ROICexc 2.98%
ROICexgc 2.98%
OM 16.29%
PM (TTM) 6.72%
GM 63.33%
FCFM N/A
ROA(3y)6.1%
ROA(5y)-0.02%
ROE(3y)10.09%
ROE(5y)-0.27%
ROIC(3y)7.79%
ROIC(5y)N/A
ROICexc(3y)8.16%
ROICexc(5y)N/A
ROICexgc(3y)8.16%
ROICexgc(5y)N/A
ROCE(3y)9.86%
ROCE(5y)N/A
ROICexgc growth 3Y-8.01%
ROICexgc growth 5Y-16.46%
ROICexc growth 3Y-8.01%
ROICexc growth 5Y-16.46%
OM growth 3Y15.14%
OM growth 5Y-6.59%
PM growth 3Y14.74%
PM growth 5Y-13.77%
GM growth 3Y26.8%
GM growth 5Y6.15%
F-ScoreN/A
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.87
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.24
Quick Ratio 1.94
Altman-Z N/A
F-ScoreN/A
WACC8.88%
ROIC/WACC0.32
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-104.55%
EPS 3Y-6.08%
EPS 5Y-29.79%
EPS Q2Q%500%
EPS Next Y4241%
EPS Next 2Y441.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-47.81%
Revenue growth 3Y-18.67%
Revenue growth 5Y-12.44%
Sales Q2Q%26.66%
Revenue Next Year66.54%
Revenue Next 2Y22.67%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-61.38%
EBIT growth 3Y-6.36%
EBIT growth 5Y-18.21%
EBIT Next Year237.7%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

NORDIC AMERICAN TANKERS LTD / NAT Fundamental Analysis FAQ

What is the fundamental rating for NAT stock?

ChartMill assigns a fundamental rating of 4 / 10 to NAT.


What is the valuation status for NAT stock?

ChartMill assigns a valuation rating of 3 / 10 to NORDIC AMERICAN TANKERS LTD (NAT). This can be considered as Overvalued.


Can you provide the profitability details for NORDIC AMERICAN TANKERS LTD?

NORDIC AMERICAN TANKERS LTD (NAT) has a profitability rating of 3 / 10.


Can you provide the dividend sustainability for NAT stock?

The dividend rating of NORDIC AMERICAN TANKERS LTD (NAT) is 7 / 10 and the dividend payout ratio is 0%.