TSAKOS ENERGY NAVIGATION LTD (TEN)
BMG9108L1735 - Common Stock
TEN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 205 industry peers in the Oil, Gas & Consumable Fuels industry. TEN has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on TEN.
1. Profitability
1.1 Basic Checks
In the past year TEN was profitable.
In the past year TEN had a positive cash flow from operations.
In multiple years TEN reported negative net income over the last 5 years.
In the past 5 years TEN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.93%, TEN is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
TEN has a Return On Equity of 16.48%. This is in the better half of the industry: TEN outperforms 65.69% of its industry peers.
TEN's Return On Invested Capital of 8.75% is fine compared to the rest of the industry. TEN outperforms 60.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 16.48% | ||
| ROIC | 8.75% |
ROA(3y)2.18%
ROA(5y)1.04%
ROE(3y)4.28%
ROE(5y)1.96%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 29.99%, TEN is in the better half of the industry, outperforming 79.90% of the companies in the same industry.
TEN has a Operating Margin of 37.85%. This is in the better half of the industry: TEN outperforms 75.49% of its industry peers.
TEN's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 57.82%, TEN is in the better half of the industry, outperforming 65.20% of the companies in the same industry.
In the last couple of years the Gross Margin of TEN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.85% | ||
| PM (TTM) | 29.99% | ||
| GM | 57.82% |
OM growth 3Y22.72%
OM growth 5Y39.33%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.69%
GM growth 5Y7.64%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TEN is still creating some value.
TEN has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for TEN has been increased compared to 5 years ago.
TEN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.05, we must say that TEN is in the distress zone and has some risk of bankruptcy.
TEN has a Altman-Z score (1.05) which is comparable to the rest of the industry.
The Debt to FCF ratio of TEN is 6.75, which is on the high side as it means it would take TEN, 6.75 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TEN (6.75) is comparable to the rest of the industry.
TEN has a Debt/Equity ratio of 0.85. This is a neutral value indicating TEN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.85, TEN is not doing good in the industry: 71.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Altman-Z | 1.05 |
ROIC/WACC1.25
WACC6.99%
2.3 Liquidity
A Current Ratio of 1.58 indicates that TEN should not have too much problems paying its short term obligations.
TEN has a better Current ratio (1.58) than 65.20% of its industry peers.
TEN has a Quick Ratio of 1.51. This is a normal value and indicates that TEN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.51, TEN is in the better half of the industry, outperforming 68.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.20%.
Measured over the past years, TEN shows a very strong growth in Earnings Per Share. The EPS has been growing by 109.69% on average per year.
Looking at the last year, TEN shows a small growth in Revenue. The Revenue has grown by 3.39% in the last year.
The Revenue has been growing by 10.92% on average over the past years. This is quite good.
EPS 1Y (TTM)-36.2%
EPS 3Y109.69%
EPS 5YN/A
EPS Q2Q%-19.28%
Revenue 1Y (TTM)3.39%
Revenue growth 3Y11.36%
Revenue growth 5Y10.92%
Sales Q2Q%7.21%
3.2 Future
The Earnings Per Share is expected to grow by 15.31% on average over the next years. This is quite good.
Based on estimates for the next years, TEN will show a decrease in Revenue. The Revenue will decrease by -3.22% on average per year.
EPS Next Y-6.57%
EPS Next 2Y5.3%
EPS Next 3Y15.31%
EPS Next 5YN/A
Revenue Next Year-19.96%
Revenue Next 2Y-6.02%
Revenue Next 3Y-3.22%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 2.95, which indicates a rather cheap valuation of TEN.
Compared to the rest of the industry, the Price/Earnings ratio of TEN indicates a rather cheap valuation: TEN is cheaper than 96.57% of the companies listed in the same industry.
TEN is valuated cheaply when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
TEN is valuated cheaply with a Price/Forward Earnings ratio of 2.32.
98.53% of the companies in the same industry are more expensive than TEN, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.83. TEN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.95 | ||
| Fwd PE | 2.32 |
4.2 Price Multiples
87.75% of the companies in the same industry are more expensive than TEN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, TEN is valued cheaply inside the industry as 96.57% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.06 | ||
| EV/EBITDA | 2.81 |
4.3 Compensation for Growth
TEN has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as TEN's earnings are expected to grow with 15.31% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y5.3%
EPS Next 3Y15.31%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 4.10%, which is a nice return.
In the last 3 months the price of TEN has falen by -35.54%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
TEN's Dividend Yield is a higher than the industry average which is at 6.85.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
5.2 History
The dividend of TEN decreases each year by -3.85%.
TEN has been paying a dividend for over 5 years, so it has already some track record.
The dividend of TEN decreased in the last 3 years.
Dividend Growth(5Y)-3.85%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
23.19% of the earnings are spent on dividend by TEN. This is a low number and sustainable payout ratio.
DP23.19%
EPS Next 2Y5.3%
EPS Next 3Y15.31%
TSAKOS ENERGY NAVIGATION LTD
NYSE:TEN (12/20/2024, 8:04:00 PM)
After market: 16.15 +0.01 (+0.06%)16.14
-0.08 (-0.49%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.17%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change0%
Market Cap476.29M
Analysts80
Price Target28.56 (76.95%)
Short Float %2.09%
Short Ratio1.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
Dividend Growth(5Y)-3.85%
DP23.19%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-26.02%
Min EPS beat(2)-50.93%
Max EPS beat(2)-1.11%
EPS beat(4)2
Avg EPS beat(4)-11.44%
Min EPS beat(4)-50.93%
Max EPS beat(4)4.3%
EPS beat(8)4
Avg EPS beat(8)-6.18%
EPS beat(12)5
Avg EPS beat(12)-17.63%
EPS beat(16)5
Avg EPS beat(16)-23.14%
Revenue beat(2)2
Avg Revenue beat(2)17.98%
Min Revenue beat(2)17.12%
Max Revenue beat(2)18.84%
Revenue beat(4)4
Avg Revenue beat(4)21.39%
Min Revenue beat(4)17.12%
Max Revenue beat(4)25.97%
Revenue beat(8)7
Avg Revenue beat(8)18.99%
Revenue beat(12)11
Avg Revenue beat(12)24.89%
Revenue beat(16)14
Avg Revenue beat(16)21.09%
PT rev (1m)-5.08%
PT rev (3m)-21.13%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-15.21%
EPS NY rev (3m)-15.21%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-9.65%
Revenue NY rev (3m)-9.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.95 | ||
| Fwd PE | 2.32 | ||
| P/S | 0.54 | ||
| P/FCF | 2.06 | ||
| P/OCF | 1.2 | ||
| P/B | 0.29 | ||
| P/tB | 0.29 | ||
| EV/EBITDA | 2.81 |
EPS(TTM)5.48
EY33.95%
EPS(NY)6.95
Fwd EY43.08%
FCF(TTM)7.85
FCFY48.63%
OCF(TTM)13.39
OCFY82.99%
SpS30.15
BVpS54.85
TBVpS54.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.93% | ||
| ROE | 16.48% | ||
| ROCE | 11.07% | ||
| ROIC | 8.75% | ||
| ROICexc | 11.61% | ||
| ROICexgc | 11.61% | ||
| OM | 37.85% | ||
| PM (TTM) | 29.99% | ||
| GM | 57.82% | ||
| FCFM | 26.04% |
ROA(3y)2.18%
ROA(5y)1.04%
ROE(3y)4.28%
ROE(5y)1.96%
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 3Y-5.98%
ROICexcg growth 5Y3.44%
ROICexc growth 3Y35.04%
ROICexc growth 5Y55.49%
OM growth 3Y22.72%
OM growth 5Y39.33%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.69%
GM growth 5Y7.64%
F-Score9
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Debt/EBITDA | 2.98 | ||
| Cap/Depr | 132.92% | ||
| Cap/Sales | 18.39% | ||
| Interest Coverage | 3.32 | ||
| Cash Conversion | 85.96% | ||
| Profit Quality | 86.82% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.51 | ||
| Altman-Z | 1.05 |
F-Score9
WACC6.99%
ROIC/WACC1.25
Cap/Depr(3y)124.84%
Cap/Depr(5y)105.42%
Cap/Sales(3y)18.16%
Cap/Sales(5y)17.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-36.2%
EPS 3Y109.69%
EPS 5YN/A
EPS Q2Q%-19.28%
EPS Next Y-6.57%
EPS Next 2Y5.3%
EPS Next 3Y15.31%
EPS Next 5YN/A
Revenue 1Y (TTM)3.39%
Revenue growth 3Y11.36%
Revenue growth 5Y10.92%
Sales Q2Q%7.21%
Revenue Next Year-19.96%
Revenue Next 2Y-6.02%
Revenue Next 3Y-3.22%
Revenue Next 5YN/A
EBIT growth 1Y31.13%
EBIT growth 3Y36.66%
EBIT growth 5Y54.54%
EBIT Next Year3.65%
EBIT Next 3Y14.04%
EBIT Next 5YN/A
FCF growth 1Y1868.21%
FCF growth 3Y59.77%
FCF growth 5Y26.08%
OCF growth 1Y37.01%
OCF growth 3Y24.38%
OCF growth 5Y39.85%