NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:NAT • BMG657731060

4.24 USD
+0.06 (+1.44%)
At close: Feb 3, 2026
4.23 USD
-0.01 (-0.24%)
After Hours: 2/3/2026, 8:04:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to NAT. NAT was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. NAT may be in some trouble as it scores bad on both profitability and health. NAT does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year NAT has reported negative net income.
  • Of the past 5 years NAT 4 years were profitable.
  • Of the past 5 years NAT 4 years had a positive operating cash flow.
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 0 100M -100M -200M

1.2 Ratios

  • The Return On Assets of NAT (0.21%) is worse than 67.63% of its industry peers.
  • NAT's Return On Equity of 0.41% is on the low side compared to the rest of the industry. NAT is outperformed by 66.67% of its industry peers.
  • NAT's Return On Invested Capital of 1.59% is on the low side compared to the rest of the industry. NAT is outperformed by 71.01% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NAT is significantly below the industry average of 21.94%.
  • The 3 year average ROIC (8.03%) for NAT is well above the current ROIC(1.59%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 0.21%
ROE 0.41%
ROIC 1.59%
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
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 0 10 -10 -20 -30

1.3 Margins

  • NAT's Profit Margin of 0.65% is on the low side compared to the rest of the industry. NAT is outperformed by 65.70% of its industry peers.
  • The Operating Margin of NAT (5.87%) is worse than 62.80% of its industry peers.
  • NAT's Operating Margin has improved in the last couple of years.
  • NAT has a Gross Margin (35.29%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of NAT has grown nicely.
Industry RankSector Rank
OM 5.87%
PM (TTM) 0.65%
GM 35.29%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
NAT Yearly Profit, Operating, Gross MarginsNAT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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3

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.
  • Compared to 5 years ago, NAT has more shares outstanding
  • The debt/assets ratio for NAT has been reduced compared to a year ago.
NAT Yearly Shares OutstandingNAT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 200M 400M 600M 800M 1B

2.2 Solvency

  • A Debt/Equity ratio of 0.86 indicates that NAT is somewhat dependend on debt financing.
  • NAT has a worse Debt to Equity ratio (0.86) than 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.17
WACC9.14%
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 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.95 indicates that NAT should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.95, NAT is in the better half of the industry, outperforming 75.85% of the companies in the same industry.
  • A Quick Ratio of 1.64 indicates that NAT should not have too much problems paying its short term obligations.
  • NAT's Quick ratio of 1.64 is fine compared to the rest of the industry. NAT outperforms 74.88% of its industry peers.
Industry RankSector Rank
Current Ratio 1.95
Quick Ratio 1.64
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 50M 100M 150M

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1

3. Growth

3.1 Past

  • NAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -120.69%.
  • NAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.77%.
  • NAT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.97% yearly.
EPS 1Y (TTM)-120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
Revenue 1Y (TTM)-19.77%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-12.2%

3.2 Future

  • Based on estimates for the next years, NAT will show a very negative growth in Earnings Per Share. The EPS will decrease by -30.64% on average per year.
  • NAT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -9.22% yearly.
EPS Next Y-84.7%
EPS Next 2Y2.01%
EPS Next 3Y-30.64%
EPS Next 5YN/A
Revenue Next Year-16.74%
Revenue Next 2Y2.01%
Revenue Next 3Y-9.22%
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 decreasing.
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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1

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 18.52, NAT is valued on the expensive side.
  • NAT's Price/Forward Earnings ratio is in line with the industry average.
  • NAT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 18.52
NAT Price Earnings VS Forward Price EarningsNAT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NAT is valued a bit more expensive than the industry average as 68.12% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.19
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

  • A cheap valuation may be justified as NAT's earnings are expected to decrease with -30.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.01%
EPS Next 3Y-30.64%

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6

5. Dividend

5.1 Amount

  • NAT has a Yearly Dividend Yield of 8.53%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.64, NAT pays a better dividend. On top of this NAT pays more dividend than 87.44% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, NAT pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.53%

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
NAT Yearly Dividends per shareNAT Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • NAT pays out 1313.26% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of NAT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP1313.26%
EPS Next 2Y2.01%
EPS Next 3Y-30.64%
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 0 100M -100M -200M
NAT Dividend Payout.NAT Dividend Payout, showing the Payout Ratio.NAT Dividend Payout.PayoutRetained Earnings

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NORDIC AMERICAN TANKERS LTD

NYSE:NAT (2/3/2026, 8:04:00 PM)

After market: 4.23 -0.01 (-0.24%)

4.24

+0.06 (+1.44%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-28
Earnings (Next)02-20
Inst Owners43.91%
Inst Owner Change-1.15%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap897.82M
Revenue(TTM)294.82M
Net Income(TTM)1.91M
Analysts77.5
Price Target4.18 (-1.42%)
Short Float %6.78%
Short Ratio4.68
Dividend
Industry RankSector Rank
Dividend Yield 8.53%
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP1313.26%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-171.33%
Min EPS beat(2)-176.65%
Max EPS beat(2)-166.01%
EPS beat(4)0
Avg EPS beat(4)-146.26%
Min EPS beat(4)-176.65%
Max EPS beat(4)-72.24%
EPS beat(8)1
Avg EPS beat(8)-82.08%
EPS beat(12)2
Avg EPS beat(12)-56.74%
EPS beat(16)3
Avg EPS beat(16)-41.78%
Revenue beat(2)0
Avg Revenue beat(2)-23.51%
Min Revenue beat(2)-35.18%
Max Revenue beat(2)-11.85%
Revenue beat(4)0
Avg Revenue beat(4)-22.05%
Min Revenue beat(4)-35.18%
Max Revenue beat(4)-10.61%
Revenue beat(8)1
Avg Revenue beat(8)-15.54%
Revenue beat(12)5
Avg Revenue beat(12)7.48%
Revenue beat(16)6
Avg Revenue beat(16)30.27%
PT rev (1m)6.49%
PT rev (3m)13.89%
EPS NQ rev (1m)-1.96%
EPS NQ rev (3m)-16.32%
EPS NY rev (1m)-4.77%
EPS NY rev (3m)-59.84%
Revenue NQ rev (1m)0.42%
Revenue NQ rev (3m)-0.99%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)-5.18%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 18.52
P/S 3.05
P/FCF N/A
P/OCF N/A
P/B 1.95
P/tB 1.95
EV/EBITDA 17.19
EPS(TTM)-0.06
EYN/A
EPS(NY)0.23
Fwd EY5.4%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.39
BVpS2.18
TBVpS2.18
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.21%
ROE 0.41%
ROCE 2.02%
ROIC 1.59%
ROICexc 1.73%
ROICexgc 1.73%
OM 5.87%
PM (TTM) 0.65%
GM 35.29%
FCFM N/A
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
ROICexgc growth 3YN/A
ROICexgc 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-ScoreN/A
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF N/A
Debt/EBITDA 5.41
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.95
Quick Ratio 1.64
Altman-Z N/A
F-ScoreN/A
WACC9.14%
ROIC/WACC0.17
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)-120.69%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
EPS Next Y-84.7%
EPS Next 2Y2.01%
EPS Next 3Y-30.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.77%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-12.2%
Revenue Next Year-16.74%
Revenue Next 2Y2.01%
Revenue Next 3Y-9.22%
Revenue Next 5YN/A
EBIT growth 1Y-81.34%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year14.32%
EBIT Next 3Y-2.9%
EBIT Next 5YN/A
FCF growth 1Y90.86%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y-8.09%
OCF growth 3YN/A
OCF growth 5Y26.16%

NORDIC AMERICAN TANKERS LTD / NAT FAQ

What is the fundamental rating for NAT stock?

ChartMill assigns a fundamental rating of 3 / 10 to NAT.


What is the valuation status of NORDIC AMERICAN TANKERS LTD (NAT) stock?

ChartMill assigns a valuation rating of 1 / 10 to NORDIC AMERICAN TANKERS LTD (NAT). This can be considered as Overvalued.


What is the profitability of NAT stock?

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


What is the financial health of NORDIC AMERICAN TANKERS LTD (NAT) stock?

The financial health rating of NORDIC AMERICAN TANKERS LTD (NAT) is 3 / 10.