NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
USA - NYSE:NAT - BMG657731060 - Common Stock
3.26 USD
-0.04 (-1.21%)
3.24 USD
-0.02 (-0.61%)
We assign a fundamental rating of 4 out of 10 to NAT. NAT was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of NAT get a neutral evaluation. Nothing too spectacular is happening here. NAT has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
With a Return On Equity value of 7.24%, NAT perfoms like the industry average, outperforming 49.52% of the companies in the same industry.
The Return On Invested Capital of NAT (5.71%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years 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
With a Profit Margin value of 11.07%, NAT perfoms like the industry average, outperforming 58.57% of the companies in the same industry.
Looking at the Operating Margin, with a value of 16.91%, NAT is in line with its industry, outperforming 49.05% of the companies in the same industry.
NAT's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 42.39%, NAT perfoms like the industry average, outperforming 50.95% of the companies in the same industry.
In the last couple of years the Gross Margin of NAT has grown nicely.
| 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.
NAT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for NAT has been increased compared to 5 years ago.
NAT has a better debt/assets ratio than last year.
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.
Looking at the Debt to FCF ratio, with a value of 3.93, NAT is in the better half of the industry, outperforming 72.38% of the companies in the same industry.
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 (0.53) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.61
WACC9.42%
2.3 Liquidity
A Current Ratio of 1.54 indicates that NAT should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.54, NAT is doing good in the industry, outperforming 68.57% of the companies in the same industry.
A Quick Ratio of 1.34 indicates that NAT should not have too much problems paying its short term obligations.
NAT has a better Quick ratio (1.34) than 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%.
NAT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.97% yearly.
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
Based on estimates for the next years, NAT will show a small growth in Earnings Per Share. The EPS will grow by 6.08% on average per year.
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
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for NAT. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 9.47 indicates a reasonable valuation of NAT.
Based on the Price/Forward Earnings ratio, NAT is valued a bit cheaper than 74.76% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. NAT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.47 |
4.2 Price Multiples
NAT's Enterprise Value to EBITDA ratio is in line with the industry average.
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 | 7.97 | ||
| EV/EBITDA | 8.4 |
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.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.07%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
NAT has a Yearly Dividend Yield of 8.26%, which is a nice return.
Compared to an average industry Dividend Yield of 6.18, NAT pays a better dividend. On top of this NAT pays more dividend than 84.29% 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 2.38.
| 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 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
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%
3.26
-0.04 (-1.21%)
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 Cap690.30M
Analysts76
Price Target3.54 (8.59%)
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 | 9.47 | ||
| P/S | 2.11 | ||
| P/FCF | 7.97 | ||
| P/OCF | 7.73 | ||
| P/B | 1.38 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | 8.4 |
EPS(TTM)-0.01
EYN/A
EPS(NY)0.34
Fwd EY10.56%
FCF(TTM)0.41
FCFY12.54%
OCF(TTM)0.42
OCFY12.94%
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
WACC9.42%
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%