TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Fundamental Analysis
USA - NYSE:TEN - BMG9108L1735 - Common Stock
23.2 USD
-0.06 (-0.26%)
23.2 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to TEN. TEN was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While TEN is still in line with the averages on profitability rating, there are concerns on its financial health. TEN 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 TEN was profitable.
TEN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TEN reported negative net income in multiple years.
TEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TEN's Return On Assets of 4.00% is in line compared to the rest of the industry. TEN outperforms 55.71% of its industry peers.
The Return On Equity of TEN (8.58%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 5.51%, TEN perfoms like the industry average, outperforming 47.14% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for TEN is significantly below the industry average of 21.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4% | ||
| ROE | 8.58% | ||
| ROIC | 5.51% |
ROA(3y)5.67%
ROA(5y)2.01%
ROE(3y)12.17%
ROE(5y)4.06%
ROIC(3y)7.05%
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 18.44%, TEN is doing good in the industry, outperforming 71.90% of the companies in the same industry.
TEN has a better Operating Margin (28.59%) than 70.00% of its industry peers.
In the last couple of years the Operating Margin of TEN has grown nicely.
TEN has a better Gross Margin (54.12%) than 62.38% of its industry peers.
TEN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.59% | ||
| PM (TTM) | 18.44% | ||
| GM | 54.12% |
OM growth 3YN/A
OM growth 5Y8.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y26.88%
GM growth 5Y2.88%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TEN is destroying value.
TEN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for TEN has been increased compared to 5 years ago.
Compared to 1 year ago, TEN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.89, we must say that TEN is in the distress zone and has some risk of bankruptcy.
TEN's Altman-Z score of 0.89 is in line compared to the rest of the industry. TEN outperforms 43.81% of its industry peers.
TEN has a Debt/Equity ratio of 0.87. This is a neutral value indicating TEN is somewhat dependend on debt financing.
TEN's Debt to Equity ratio of 0.87 is on the low side compared to the rest of the industry. TEN is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.89 |
ROIC/WACC0.69
WACC7.93%
2.3 Liquidity
A Current Ratio of 1.11 indicates that TEN should not have too much problems paying its short term obligations.
TEN's Current ratio of 1.11 is in line compared to the rest of the industry. TEN outperforms 48.57% of its industry peers.
A Quick Ratio of 1.06 indicates that TEN should not have too much problems paying its short term obligations.
TEN has a Quick ratio (1.06) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
TEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.35%.
Looking at the last year, TEN shows a decrease in Revenue. The Revenue has decreased by -9.61% in the last year.
TEN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.12% yearly.
EPS 1Y (TTM)-50.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-71.61%
Revenue 1Y (TTM)-9.61%
Revenue growth 3Y13.76%
Revenue growth 5Y6.12%
Sales Q2Q%-9.69%
3.2 Future
The Earnings Per Share is expected to grow by 17.93% on average over the next years. This is quite good.
Based on estimates for the next years, TEN will show a small growth in Revenue. The Revenue will grow by 6.04% on average per year.
EPS Next Y-49.5%
EPS Next 2Y-0.79%
EPS Next 3Y17.85%
EPS Next 5Y17.93%
Revenue Next Year-2.97%
Revenue Next 2Y2.73%
Revenue Next 3Y6.04%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.29 indicates a reasonable 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 84.29% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of TEN to the average of the S&P500 Index (27.20), we can say TEN is valued rather cheaply.
A Price/Forward Earnings ratio of 4.67 indicates a rather cheap valuation of TEN.
Based on the Price/Forward Earnings ratio, TEN is valued cheaply inside the industry as 94.29% of the companies are valued more expensively.
TEN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.29 | ||
| Fwd PE | 4.67 |
4.2 Price Multiples
70.00% of the companies in the same industry are more expensive than TEN, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.65 |
4.3 Compensation for Growth
TEN's earnings are expected to grow with 17.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.79%
EPS Next 3Y17.85%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 8.69%, which is a nice return.
Compared to an average industry Dividend Yield of 6.18, TEN pays a better dividend. On top of this TEN pays more dividend than 85.71% of the companies listed in the same industry.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.69% |
5.2 History
The dividend of TEN decreases each year by -2.27%.
TEN has been paying a dividend for over 5 years, so it has already some track record.
TEN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-2.27%
Div Incr Years3
Div Non Decr Years4
5.3 Sustainability
TEN pays out 48.44% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP48.44%
EPS Next 2Y-0.79%
EPS Next 3Y17.85%
23.2
-0.06 (-0.26%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners19.51%
Inst Owner Change0%
Ins Owners0.27%
Ins Owner Change0%
Market Cap699.02M
Analysts80
Price Target30.94 (33.36%)
Short Float %1.4%
Short Ratio0.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.69% |
Yearly Dividend2.41
Dividend Growth(5Y)-2.27%
DP48.44%
Div Incr Years3
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.41%
Min EPS beat(2)11.88%
Max EPS beat(2)32.94%
EPS beat(4)4
Avg EPS beat(4)35.07%
Min EPS beat(4)7.47%
Max EPS beat(4)87.98%
EPS beat(8)6
Avg EPS beat(8)11.81%
EPS beat(12)8
Avg EPS beat(12)7.57%
EPS beat(16)9
Avg EPS beat(16)-4.46%
Revenue beat(2)2
Avg Revenue beat(2)20.25%
Min Revenue beat(2)12.14%
Max Revenue beat(2)28.36%
Revenue beat(4)3
Avg Revenue beat(4)14.81%
Min Revenue beat(4)-5.85%
Max Revenue beat(4)28.36%
Revenue beat(8)7
Avg Revenue beat(8)18.1%
Revenue beat(12)10
Avg Revenue beat(12)17.6%
Revenue beat(16)14
Avg Revenue beat(16)22.37%
PT rev (1m)0%
PT rev (3m)4.6%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-16.72%
EPS NY rev (3m)13.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-3.31%
Revenue NY rev (3m)-3.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.29 | ||
| Fwd PE | 4.67 | ||
| P/S | 0.87 | ||
| P/FCF | N/A | ||
| P/OCF | 2.27 | ||
| P/B | 0.4 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | 5.65 |
EPS(TTM)2.8
EY12.07%
EPS(NY)4.97
Fwd EY21.43%
FCF(TTM)-6.04
FCFYN/A
OCF(TTM)10.21
OCFY44.02%
SpS26.69
BVpS57.34
TBVpS57.34
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4% | ||
| ROE | 8.58% | ||
| ROCE | 6.97% | ||
| ROIC | 5.51% | ||
| ROICexc | 6.15% | ||
| ROICexgc | 6.15% | ||
| OM | 28.59% | ||
| PM (TTM) | 18.44% | ||
| GM | 54.12% | ||
| FCFM | N/A |
ROA(3y)5.67%
ROA(5y)2.01%
ROE(3y)12.17%
ROE(5y)4.06%
ROIC(3y)7.05%
ROIC(5y)N/A
ROICexc(3y)7.95%
ROICexc(5y)N/A
ROICexgc(3y)7.95%
ROICexgc(5y)N/A
ROCE(3y)8.93%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-22.14%
ROICexc growth 3YN/A
ROICexc growth 5Y12.38%
OM growth 3YN/A
OM growth 5Y8.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y26.88%
GM growth 5Y2.88%
F-Score4
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.01 | ||
| Cap/Depr | 343.34% | ||
| Cap/Sales | 60.89% | ||
| Interest Coverage | 2.12 | ||
| Cash Conversion | 82.6% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 0.89 |
F-Score4
WACC7.93%
ROIC/WACC0.69
Cap/Depr(3y)237.85%
Cap/Depr(5y)166.92%
Cap/Sales(3y)38.11%
Cap/Sales(5y)27.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-71.61%
EPS Next Y-49.5%
EPS Next 2Y-0.79%
EPS Next 3Y17.85%
EPS Next 5Y17.93%
Revenue 1Y (TTM)-9.61%
Revenue growth 3Y13.76%
Revenue growth 5Y6.12%
Sales Q2Q%-9.69%
Revenue Next Year-2.97%
Revenue Next 2Y2.73%
Revenue Next 3Y6.04%
Revenue Next 5YN/A
EBIT growth 1Y-31.71%
EBIT growth 3YN/A
EBIT growth 5Y15.16%
EBIT Next Year52.79%
EBIT Next 3Y30.87%
EBIT Next 5Y26.86%
FCF growth 1Y-178.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-22.16%
OCF growth 3Y79.61%
OCF growth 5Y10.79%