TEEKAY TANKERS LTD-CLASS A (TNK) Stock Fundamental Analysis
NYSE:TNK - New York Stock Exchange, Inc. - BMG8726X1065 - Common Stock - Currency: USD
Overall TNK gets a fundamental rating of 6 out of 10. We evaluated TNK against 210 industry peers in the Oil, Gas & Consumable Fuels industry. TNK has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TNK has a bad growth rate and is valued cheaply. These ratings would make TNK suitable for value investing!
1. Profitability
1.1 Basic Checks
TNK had positive earnings in the past year.
In the past year TNK had a positive cash flow from operations.
TNK had positive earnings in 4 of the past 5 years.
Of the past 5 years TNK 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 16.55%, TNK belongs to the top of the industry, outperforming 93.81% of the companies in the same industry.
The Return On Equity of TNK (18.36%) is better than 79.05% of its industry peers.
The Return On Invested Capital of TNK (10.62%) is better than 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TNK is significantly below the industry average of 23.80%.
The 3 year average ROIC (17.28%) for TNK is well above the current ROIC(10.62%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.55% | ||
| ROE | 18.36% | ||
| ROIC | 10.62% |
ROA(3y)20.14%
ROA(5y)10.04%
ROE(3y)26.17%
ROE(5y)11.54%
ROIC(3y)17.28%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 29.83%, TNK belongs to the top of the industry, outperforming 82.38% of the companies in the same industry.
In the last couple of years the Profit Margin of TNK has grown nicely.
The Operating Margin of TNK (22.83%) is comparable to the rest of the industry.
TNK's Operating Margin has improved in the last couple of years.
TNK has a Gross Margin (34.94%) which is in line with its industry peers.
TNK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.83% | ||
| PM (TTM) | 29.83% | ||
| GM | 34.94% |
OM growth 3YN/A
OM growth 5Y15.59%
PM growth 3YN/A
PM growth 5Y49.57%
GM growth 3Y64.82%
GM growth 5Y5.27%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TNK is creating value.
TNK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, TNK has more shares outstanding
TNK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
There is no outstanding debt for TNK. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC1.14
WACC9.32%
2.3 Liquidity
A Current Ratio of 8.05 indicates that TNK has no problem at all paying its short term obligations.
TNK has a better Current ratio (8.05) than 95.24% of its industry peers.
A Quick Ratio of 7.72 indicates that TNK has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 7.72, TNK belongs to the top of the industry, outperforming 95.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.05 | ||
| Quick Ratio | 7.72 |
3. Growth
3.1 Past
The earnings per share for TNK have decreased strongly by -42.79% in the last year.
Measured over the past years, TNK shows a very strong growth in Earnings Per Share. The EPS has been growing by 56.73% on average per year.
TNK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.18%.
Measured over the past years, TNK shows a small growth in Revenue. The Revenue has been growing by 5.43% on average per year.
EPS 1Y (TTM)-42.79%
EPS 3YN/A
EPS 5Y56.73%
EPS Q2Q%-68.65%
Revenue 1Y (TTM)-14.18%
Revenue growth 3Y31.36%
Revenue growth 5Y5.43%
Sales Q2Q%-31.54%
3.2 Future
Based on estimates for the next years, TNK will show a decrease in Earnings Per Share. The EPS will decrease by -1.41% on average per year.
Based on estimates for the next years, TNK will show a very negative growth in Revenue. The Revenue will decrease by -15.42% on average per year.
EPS Next Y2.2%
EPS Next 2Y-17.12%
EPS Next 3Y-1.41%
EPS Next 5YN/A
Revenue Next Year-11.9%
Revenue Next 2Y-18.53%
Revenue Next 3Y-15.42%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
TNK is valuated cheaply with a Price/Earnings ratio of 5.67.
Based on the Price/Earnings ratio, TNK is valued cheaper than 87.14% of the companies in the same industry.
TNK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.19.
Based on the Price/Forward Earnings ratio of 6.10, the valuation of TNK can be described as very cheap.
88.10% of the companies in the same industry are more expensive than TNK, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 35.33. TNK is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.67 | ||
| Fwd PE | 6.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TNK indicates a rather cheap valuation: TNK is cheaper than 93.33% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TNK indicates a rather cheap valuation: TNK is cheaper than 90.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.7 | ||
| EV/EBITDA | 2.29 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TNK does not grow enough to justify the current Price/Earnings ratio.
TNK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.58
PEG (5Y)0.1
EPS Next 2Y-17.12%
EPS Next 3Y-1.41%
5. Dividend
5.1 Amount
TNK has a Yearly Dividend Yield of 2.25%. Purely for dividend investing, there may be better candidates out there.
TNK's Dividend Yield is comparable with the industry average which is at 6.41.
Compared to an average S&P500 Dividend Yield of 2.35, TNK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
5.2 History
The dividend of TNK is nicely growing with an annual growth rate of 20.75%!
TNK has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of TNK decreased recently.
Dividend Growth(5Y)20.75%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
30.71% of the earnings are spent on dividend by TNK. This is a low number and sustainable payout ratio.
DP30.71%
EPS Next 2Y-17.12%
EPS Next 3Y-1.41%
43.43
-0.52 (-1.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners60.81%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.50B
Analysts81.82
Price Target60.52 (39.35%)
Short Float %3.71%
Short Ratio1.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
Yearly Dividend3
Dividend Growth(5Y)20.75%
DP30.71%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-45.36%
Min EPS beat(2)-56.3%
Max EPS beat(2)-34.43%
EPS beat(4)1
Avg EPS beat(4)-24.74%
Min EPS beat(4)-56.3%
Max EPS beat(4)0.97%
EPS beat(8)3
Avg EPS beat(8)-13.29%
EPS beat(12)6
Avg EPS beat(12)-4.26%
EPS beat(16)9
Avg EPS beat(16)-0.28%
Revenue beat(2)2
Avg Revenue beat(2)30.9%
Min Revenue beat(2)29.32%
Max Revenue beat(2)32.49%
Revenue beat(4)4
Avg Revenue beat(4)30%
Min Revenue beat(4)18.31%
Max Revenue beat(4)39.89%
Revenue beat(8)7
Avg Revenue beat(8)31.28%
Revenue beat(12)11
Avg Revenue beat(12)44.2%
Revenue beat(16)15
Avg Revenue beat(16)68.99%
PT rev (1m)0%
PT rev (3m)0.85%
EPS NQ rev (1m)-3.76%
EPS NQ rev (3m)-27.37%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-2.32%
Revenue NQ rev (3m)-5.75%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)24.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.67 | ||
| Fwd PE | 6.1 | ||
| P/S | 1.33 | ||
| P/FCF | 4.7 | ||
| P/OCF | 3.75 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 2.29 |
EPS(TTM)7.66
EY17.64%
EPS(NY)7.12
Fwd EY16.39%
FCF(TTM)9.23
FCFY21.26%
OCF(TTM)11.59
OCFY26.7%
SpS32.55
BVpS52.89
TBVpS52.7
PEG (NY)2.58
PEG (5Y)0.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.55% | ||
| ROE | 18.36% | ||
| ROCE | 13.45% | ||
| ROIC | 10.62% | ||
| ROICexc | 16.73% | ||
| ROICexgc | 16.82% | ||
| OM | 22.83% | ||
| PM (TTM) | 29.83% | ||
| GM | 34.94% | ||
| FCFM | 28.37% |
ROA(3y)20.14%
ROA(5y)10.04%
ROE(3y)26.17%
ROE(5y)11.54%
ROIC(3y)17.28%
ROIC(5y)N/A
ROICexc(3y)21.93%
ROICexc(5y)N/A
ROICexgc(3y)21.98%
ROICexgc(5y)N/A
ROCE(3y)21.88%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y31.45%
ROICexc growth 3YN/A
ROICexc growth 5Y31.47%
OM growth 3YN/A
OM growth 5Y15.59%
PM growth 3YN/A
PM growth 5Y49.57%
GM growth 3Y64.82%
GM growth 5Y5.27%
F-Score5
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 87.03% | ||
| Cap/Sales | 7.25% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 114.32% | ||
| Profit Quality | 95.09% | ||
| Current Ratio | 8.05 | ||
| Quick Ratio | 7.72 | ||
| Altman-Z | N/A |
F-Score5
WACC9.32%
ROIC/WACC1.14
Cap/Depr(3y)35.52%
Cap/Depr(5y)28.08%
Cap/Sales(3y)2.71%
Cap/Sales(5y)2.78%
Profit Quality(3y)98.65%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42.79%
EPS 3YN/A
EPS 5Y56.73%
EPS Q2Q%-68.65%
EPS Next Y2.2%
EPS Next 2Y-17.12%
EPS Next 3Y-1.41%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.18%
Revenue growth 3Y31.36%
Revenue growth 5Y5.43%
Sales Q2Q%-31.54%
Revenue Next Year-11.9%
Revenue Next 2Y-18.53%
Revenue Next 3Y-15.42%
Revenue Next 5YN/A
EBIT growth 1Y-45.62%
EBIT growth 3YN/A
EBIT growth 5Y21.86%
EBIT Next Year-14.14%
EBIT Next 3Y2.18%
EBIT Next 5YN/A
FCF growth 1Y-12.37%
FCF growth 3YN/A
FCF growth 5Y30.17%
OCF growth 1Y6.56%
OCF growth 3YN/A
OCF growth 5Y32.01%