TSAKOS ENERGY NAVIGATION LTD (TEN) Stock Fundamental Analysis
NYSE:TEN - New York Stock Exchange, Inc. - BMG9108L1735 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to TEN. TEN was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of TEN get a neutral evaluation. Nothing too spectacular is happening here. TEN is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
TEN had positive earnings in the past year.
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.
TEN had a positive operating cash flow in each of the past 5 years.
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 68.14% 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.
Looking at the Return On Invested Capital, with a value of 8.75%, TEN is in the better half of the industry, outperforming 60.78% of the companies in the same industry.
| 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 belongs to the top of the industry, outperforming 80.39% of the companies in the same industry.
TEN has a better Operating Margin (37.85%) than 76.47% 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 64.71% 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.
The number of shares outstanding for TEN remains at a similar level compared to 1 year ago.
Compared to 5 years ago, TEN has more shares outstanding
TEN has a better debt/assets ratio than last year.
2.2 Solvency
TEN has an Altman-Z score of 1.06. This is a bad value and indicates that TEN is not financially healthy and even has some risk of bankruptcy.
TEN has a Altman-Z score of 1.06. This is comparable to the rest of the industry: TEN outperforms 42.16% of its industry peers.
TEN has a debt to FCF ratio of 6.75. This is a slightly negative value and a sign of low solvency as TEN would need 6.75 years to pay back of all of its debts.
TEN has a Debt to FCF ratio (6.75) which is in line with its industry peers.
A Debt/Equity ratio of 0.85 indicates that TEN is somewhat dependend on debt financing.
TEN has a Debt to Equity ratio of 0.85. This is in the lower half of the industry: TEN underperforms 71.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Altman-Z | 1.06 |
ROIC/WACC1.19
WACC7.35%
2.3 Liquidity
TEN has a Current Ratio of 1.58. 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 Current ratio, with a value of 1.58, TEN is in the better half of the industry, outperforming 63.73% of the companies in the same industry.
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.
TEN has a better Quick ratio (1.51) than 66.67% of its industry peers.
| 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%.
TEN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 109.69% yearly.
The Revenue has been growing slightly by 3.39% in the past year.
TEN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.92% yearly.
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
TEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.41% yearly.
Based on estimates for the next years, TEN will show a small growth in Revenue. The Revenue will grow by 0.04% on average per year.
EPS Next Y-23.14%
EPS Next 2Y-26.76%
EPS Next 3Y-3.41%
EPS Next 5YN/A
Revenue Next Year-11.54%
Revenue Next 2Y-4.17%
Revenue Next 3Y0.04%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 3.07, which indicates a rather cheap valuation of TEN.
TEN's Price/Earnings ratio is rather cheap when compared to the industry. TEN is cheaper than 96.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of TEN to the average of the S&P500 Index (29.63), we can say TEN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.00, the valuation of TEN can be described as very cheap.
Based on the Price/Forward Earnings ratio, TEN is valued cheaply inside the industry as 88.73% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.68. TEN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.07 | ||
| Fwd PE | 5 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TEN indicates a rather cheap valuation: TEN is cheaper than 96.57% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.14 | ||
| EV/EBITDA | 2.84 |
4.3 Compensation for Growth
TEN has a very decent profitability rating, which may justify a higher PE ratio.
TEN's earnings are expected to decrease with -3.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-26.76%
EPS Next 3Y-3.41%
5. Dividend
5.1 Amount
TEN has a Yearly Dividend Yield of 10.51%, which is a nice return.
TEN's Dividend Yield is rather good when compared to the industry average which is at 6.67. TEN pays more dividend than 89.71% of the companies in the same industry.
TEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.51% |
5.2 History
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)N/A
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 2Y-26.76%
EPS Next 3Y-3.41%
16.83
-0.29 (-1.69%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners18.02%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change0%
Market Cap496.65M
Analysts80
Price Target30.26 (79.8%)
Short Float %3.17%
Short Ratio2.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.51% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP23.19%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
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)5.95%
PT rev (3m)5.95%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-5.85%
EPS NY rev (3m)-30.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.07 | ||
| Fwd PE | 5 | ||
| P/S | 0.56 | ||
| P/FCF | 2.14 | ||
| P/OCF | 1.26 | ||
| P/B | 0.31 | ||
| P/tB | 0.31 | ||
| EV/EBITDA | 2.84 |
EPS(TTM)5.48
EY32.56%
EPS(NY)3.36
Fwd EY19.98%
FCF(TTM)7.85
FCFY46.64%
OCF(TTM)13.39
OCFY79.59%
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 | 1.06 |
F-Score9
WACC7.35%
ROIC/WACC1.19
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-23.14%
EPS Next 2Y-26.76%
EPS Next 3Y-3.41%
EPS Next 5YN/A
Revenue 1Y (TTM)3.39%
Revenue growth 3Y11.36%
Revenue growth 5Y10.92%
Sales Q2Q%7.21%
Revenue Next Year-11.54%
Revenue Next 2Y-4.17%
Revenue Next 3Y0.04%
Revenue Next 5YN/A
EBIT growth 1Y31.13%
EBIT growth 3Y36.66%
EBIT growth 5Y54.54%
EBIT Next Year3.52%
EBIT Next 3Y8.17%
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%