NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
NYSE:NAT - New York Stock Exchange, Inc. - BMG657731060 - Common Stock - Currency: USD
NAT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of NAT while its profitability can be described as average. NAT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
NAT had positive earnings in the past year.
NAT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NAT reported negative net income in multiple years.
Of the past 5 years NAT 4 years had a positive operating cash flow.
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.
NAT's Return On Equity of 12.32% is in line compared to the rest of the industry. NAT outperforms 55.88% of its industry peers.
NAT has a better Return On Invested Capital (10.61%) than 69.61% 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 of 17.10%. This is in the better half of the industry: NAT outperforms 60.78% of its industry peers.
NAT's Profit Margin has improved in the last couple of years.
NAT has a Operating Margin (25.35%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of NAT has grown nicely.
NAT has a Gross Margin (47.44%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of NAT has grown nicely.
| 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
NAT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
NAT has about the same amout of shares outstanding than it did 1 year ago.
NAT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NAT has been reduced compared to a year ago.
2.2 Solvency
NAT has a debt to FCF ratio of 6.49. This is a slightly negative value and a sign of low solvency as NAT would need 6.49 years to pay back of all of its debts.
NAT has a Debt to FCF ratio (6.49) which is in line with its industry peers.
NAT has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
NAT has a Debt to Equity ratio (0.36) which 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/WACC1.13
WACC9.39%
2.3 Liquidity
NAT has a Current Ratio of 0.73. This is a bad value and indicates that NAT is not financially healthy enough and could expect problems in meeting its short term obligations.
NAT has a worse Current ratio (0.73) than 75.49% of its industry peers.
A Quick Ratio of 0.56 indicates that NAT may have some problems paying its short term obligations.
NAT's Quick ratio of 0.56 is on the low side compared to the rest of the industry. NAT is outperformed by 80.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
The earnings per share for NAT have decreased strongly by -48.21% in the last year.
The Earnings Per Share has been growing by 11.40% on average over the past years. This is quite good.
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%8.33%
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 4.74% on average per year.
NAT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.74% yearly.
EPS Next Y-43.75%
EPS Next 2Y-7.49%
EPS Next 3Y-4.47%
EPS Next 5Y4.74%
Revenue Next Year-14.15%
Revenue Next 2Y-0.53%
Revenue Next 3Y0.06%
Revenue Next 5Y0.74%
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 decreasing.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.07 indicates a reasonable valuation of NAT.
70.10% of the companies in the same industry are more expensive than NAT, based on the Price/Earnings ratio.
NAT is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
NAT is valuated cheaply with a Price/Forward Earnings ratio of 6.54.
Based on the Price/Forward Earnings ratio, NAT is valued cheaper than 84.80% of the companies in the same industry.
NAT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 6.54 |
4.2 Price Multiples
NAT's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NAT is cheaper than 67.65% of the companies in the same industry.
NAT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NAT is cheaper than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.82 | ||
| EV/EBITDA | 5.43 |
4.3 Compensation for Growth
A cheap valuation may be justified as NAT's earnings are expected to decrease with -4.47% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.49%
EPS Next 3Y-4.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 15.27%, NAT is a good candidate for dividend investing.
NAT's Dividend Yield is rather good when compared to the industry average which is at 6.67. NAT pays more dividend than 95.10% of the companies in the same industry.
NAT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.27% |
5.2 History
On average, the dividend of NAT grows each year by 43.90%, which is quite nice.
NAT has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of NAT decreased 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 2Y-7.49%
EPS Next 3Y-4.47%
2.63
+0.01 (+0.38%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.97%
Inst Owner Change-4.04%
Ins Owners3.31%
Ins Owner ChangeN/A
Market Cap549.14M
Analysts75.56
Price Target4.63 (76.05%)
Short Float %5.48%
Short Ratio4.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.27% |
Yearly Dividend0.43
Dividend Growth(5Y)43.9%
DP142.85%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.28%
Min EPS beat(2)-0.99%
Max EPS beat(2)1.55%
EPS beat(4)1
Avg EPS beat(4)-17.9%
Min EPS beat(4)-38.95%
Max EPS beat(4)1.55%
EPS beat(8)2
Avg EPS beat(8)-11.99%
EPS beat(12)3
Avg EPS beat(12)-6.96%
EPS beat(16)4
Avg EPS beat(16)-7.46%
Revenue beat(2)1
Avg Revenue beat(2)0.06%
Min Revenue beat(2)-0.99%
Max Revenue beat(2)1.11%
Revenue beat(4)1
Avg Revenue beat(4)-9.03%
Min Revenue beat(4)-21.67%
Max Revenue beat(4)1.11%
Revenue beat(8)5
Avg Revenue beat(8)22.24%
Revenue beat(12)6
Avg Revenue beat(12)47.71%
Revenue beat(16)8
Avg Revenue beat(16)34.81%
PT rev (1m)8.74%
PT rev (3m)-8.1%
EPS NQ rev (1m)-28.66%
EPS NQ rev (3m)-81.55%
EPS NY rev (1m)-1.87%
EPS NY rev (3m)-24.84%
Revenue NQ rev (1m)-10.91%
Revenue NQ rev (3m)-39.75%
Revenue NY rev (1m)-6.1%
Revenue NY rev (3m)-14.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.07 | ||
| Fwd PE | 6.54 | ||
| P/S | 1.49 | ||
| P/FCF | 12.82 | ||
| P/OCF | 4.63 | ||
| P/B | 1.08 | ||
| P/tB | 1.08 | ||
| EV/EBITDA | 5.43 |
EPS(TTM)0.29
EY11.03%
EPS(NY)0.4
Fwd EY15.29%
FCF(TTM)0.21
FCFY7.8%
OCF(TTM)0.57
OCFY21.59%
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
WACC9.39%
ROIC/WACC1.13
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-43.75%
EPS Next 2Y-7.49%
EPS Next 3Y-4.47%
EPS Next 5Y4.74%
Revenue 1Y (TTM)-17.34%
Revenue growth 3Y3.37%
Revenue growth 5Y25.86%
Sales Q2Q%8.33%
Revenue Next Year-14.15%
Revenue Next 2Y-0.53%
Revenue Next 3Y0.06%
Revenue Next 5Y0.74%
EBIT growth 1Y-34.06%
EBIT growth 3Y16.35%
EBIT growth 5YN/A
EBIT Next Year2.91%
EBIT Next 3Y5.93%
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