NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
NYSE:NAT - New York Stock Exchange, Inc. - BMG657731060 - Common Stock - Currency: USD
Taking everything into account, NAT scores 4 out of 10 in our fundamental rating. NAT was compared to 212 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 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 was profitable.
Of the past 5 years NAT 4 years were profitable.
In multiple years NAT reported negative operating cash flow during the last 5 years.
1.2 Ratios
NAT has a Return On Assets of 5.70%. This is in the better half of the industry: NAT outperforms 61.79% of its industry peers.
NAT's Return On Equity of 9.17% is in line compared to the rest of the industry. NAT outperforms 51.89% of its industry peers.
NAT has a better Return On Invested Capital (8.06%) than 62.26% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NAT is significantly below the industry average of 27.43%.
The last Return On Invested Capital (8.06%) for NAT is above the 3 year average (8.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.7% | ||
| ROE | 9.17% | ||
| ROIC | 8.06% |
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 decent Profit Margin value of 20.72%, NAT is doing good in the industry, outperforming 73.11% of the companies in the same industry.
Looking at the Operating Margin, with a value of 34.35%, NAT is in the better half of the industry, outperforming 73.11% of the companies in the same industry.
In the last couple of years the Operating Margin of NAT has grown nicely.
The Gross Margin of NAT (72.10%) is better than 81.13% of its industry peers.
NAT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.35% | ||
| PM (TTM) | 20.72% | ||
| GM | 72.1% |
OM growth 3YN/A
OM growth 5Y27.76%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y15.89%
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.
NAT has more shares outstanding than it did 5 years ago.
NAT has a better debt/assets ratio than last year.
2.2 Solvency
NAT has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of NAT (0.49) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.72
WACC11.17%
2.3 Liquidity
A Current Ratio of 1.65 indicates that NAT should not have too much problems paying its short term obligations.
The Current ratio of NAT (1.65) is better than 72.17% of its industry peers.
NAT has a Quick Ratio of 1.29. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.29, NAT is in the better half of the industry, outperforming 67.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
The earnings per share for NAT have decreased strongly by -53.19% in the last year.
NAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -42.53%.
The Revenue has been decreasing by -6.63% on average over the past years.
EPS 1Y (TTM)-53.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-87.5%
Revenue 1Y (TTM)-42.53%
Revenue growth 3Y5.61%
Revenue growth 5Y-6.63%
Sales Q2Q%-21.71%
3.2 Future
NAT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.80% yearly.
The Revenue is expected to grow by 6.26% on average over the next years.
EPS Next Y37.73%
EPS Next 2Y29.85%
EPS Next 3Y13.8%
EPS Next 5YN/A
Revenue Next Year16.29%
Revenue Next 2Y10.3%
Revenue Next 3Y6.26%
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 11.14, which indicates a very decent valuation of NAT.
61.79% of the companies in the same industry are more expensive than NAT, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.63, NAT is valued rather cheaply.
The Price/Forward Earnings ratio is 8.09, which indicates a very decent valuation of NAT.
75.00% of the companies in the same industry are more expensive than NAT, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.85, NAT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.14 | ||
| Fwd PE | 8.09 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NAT has a very decent profitability rating, which may justify a higher PE ratio.
NAT's earnings are expected to grow with 13.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y29.85%
EPS Next 3Y13.8%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.55%, NAT is a good candidate for dividend investing.
NAT's Dividend Yield is rather good when compared to the industry average which is at 7.41. NAT pays more dividend than 92.92% of the companies in the same industry.
NAT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.55% |
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.
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's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y29.85%
EPS Next 3Y13.8%
2.45
-0.06 (-2.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.97%
Inst Owner Change-0.23%
Ins Owners3.31%
Ins Owner ChangeN/A
Market Cap518.79M
Analysts75.56
Price Target4.53 (84.9%)
Short Float %6.72%
Short Ratio4.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.55% |
Yearly Dividend0.43
Dividend Growth(5Y)43.9%
DPN/A
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-36.62%
Min EPS beat(2)-72.24%
Max EPS beat(2)-0.99%
EPS beat(4)1
Avg EPS beat(4)-26.22%
Min EPS beat(4)-72.24%
Max EPS beat(4)1.55%
EPS beat(8)2
Avg EPS beat(8)-19.26%
EPS beat(12)3
Avg EPS beat(12)-12.86%
EPS beat(16)4
Avg EPS beat(16)-11.57%
Revenue beat(2)0
Avg Revenue beat(2)-5.8%
Min Revenue beat(2)-10.61%
Max Revenue beat(2)-0.99%
Revenue beat(4)1
Avg Revenue beat(4)-8.04%
Min Revenue beat(4)-21.67%
Max Revenue beat(4)1.11%
Revenue beat(8)4
Avg Revenue beat(8)-4.75%
Revenue beat(12)5
Avg Revenue beat(12)9.46%
Revenue beat(16)7
Avg Revenue beat(16)28.57%
PT rev (1m)-2.2%
PT rev (3m)6.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-98.89%
EPS NY rev (1m)-24.67%
EPS NY rev (3m)-38.43%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-19.82%
Revenue NY rev (1m)8.75%
Revenue NY rev (3m)-1.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.14 | ||
| Fwd PE | 8.09 | ||
| P/S | 2.3 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.02 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.22
EY8.98%
EPS(NY)0.3
Fwd EY12.37%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.06
BVpS2.4
TBVpS2.4
PEG (NY)0.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.7% | ||
| ROE | 9.17% | ||
| ROCE | 10.2% | ||
| ROIC | 8.06% | ||
| ROICexc | 8.5% | ||
| ROICexgc | 8.5% | ||
| OM | 34.35% | ||
| PM (TTM) | 20.72% | ||
| GM | 72.1% | ||
| 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
ROICexcg growth 3YN/A
ROICexcg growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y27.76%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y15.89%
F-ScoreN/A
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| 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 | 1.65 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | N/A |
F-ScoreN/A
WACC11.17%
ROIC/WACC0.72
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)-53.19%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-87.5%
EPS Next Y37.73%
EPS Next 2Y29.85%
EPS Next 3Y13.8%
EPS Next 5YN/A
Revenue 1Y (TTM)-42.53%
Revenue growth 3Y5.61%
Revenue growth 5Y-6.63%
Sales Q2Q%-21.71%
Revenue Next Year16.29%
Revenue Next 2Y10.3%
Revenue Next 3Y6.26%
Revenue Next 5YN/A
EBIT growth 1Y-39.54%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year72.24%
EBIT Next 3Y19.01%
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