TSAKOS ENERGY NAVIGATION LTD (TNP) Fundamental Analysis & Valuation

NYSE:TNP • BMG9108L1735

Current stock price

29.28 USD
-0.16 (-0.54%)
At close:
29.28 USD
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This TNP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. TNP Profitability Analysis

1.1 Basic Checks

  • In the past year TNP was profitable.
  • TNP had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: TNP reported negative net income in multiple years.
  • Each year in the past 5 years TNP had a positive operating cash flow.
TNP Yearly Net Income VS EBIT VS OCF VS FCFTNP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M

1.2 Ratios

  • With a decent Return On Assets value of 7.93%, TNP is doing good in the industry, outperforming 62.26% of the companies in the same industry.
  • TNP has a Return On Equity of 16.48%. This is comparable to the rest of the industry: TNP outperforms 58.49% of its industry peers.
  • TNP's Return On Invested Capital of 8.75% is in line compared to the rest of the industry. TNP outperforms 52.83% of its industry peers.
Industry RankSector 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
TNP Yearly ROA, ROE, ROICTNP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

1.3 Margins

  • TNP's Profit Margin of 29.99% is fine compared to the rest of the industry. TNP outperforms 76.89% of its industry peers.
  • With a decent Operating Margin value of 37.85%, TNP is doing good in the industry, outperforming 70.75% of the companies in the same industry.
  • TNP's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 57.82%, TNP is in the better half of the industry, outperforming 63.21% of the companies in the same industry.
  • In the last couple of years the Gross Margin of TNP has grown nicely.
Industry RankSector 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%
TNP Yearly Profit, Operating, Gross MarginsTNP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

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4

2. TNP Health Analysis

2.1 Basic Checks

  • TNP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • TNP has about the same amout of shares outstanding than it did 1 year ago.
  • The debt/assets ratio for TNP has been reduced compared to a year ago.
TNP Yearly Shares OutstandingTNP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
TNP Yearly Total Debt VS Total AssetsTNP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

  • TNP has an Altman-Z score of 1.19. This is a bad value and indicates that TNP is not financially healthy and even has some risk of bankruptcy.
  • TNP has a Altman-Z score (1.19) which is in line with its industry peers.
  • TNP has a debt to FCF ratio of 6.75. This is a slightly negative value and a sign of low solvency as TNP would need 6.75 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 6.75, TNP perfoms like the industry average, outperforming 54.72% of the companies in the same industry.
  • A Debt/Equity ratio of 0.85 indicates that TNP is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.85, TNP is not doing good in the industry: 69.34% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.85
Debt/FCF 6.75
Altman-Z 1.19
ROIC/WACC1.33
WACC6.58%
TNP Yearly LT Debt VS Equity VS FCFTNP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B

2.3 Liquidity

  • TNP has a Current Ratio of 1.58. This is a normal value and indicates that TNP 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, TNP is in the better half of the industry, outperforming 66.98% of the companies in the same industry.
  • TNP has a Quick Ratio of 1.51. This is a normal value and indicates that TNP is financially healthy and should not expect problems in meeting its short term obligations.
  • TNP's Quick ratio of 1.51 is fine compared to the rest of the industry. TNP outperforms 68.87% of its industry peers.
Industry RankSector Rank
Current Ratio 1.58
Quick Ratio 1.51
TNP Yearly Current Assets VS Current LiabilitesTNP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. TNP Growth Analysis

3.1 Past

  • The earnings per share for TNP have decreased strongly by -44.61% in the last year.
  • The Earnings Per Share has been growing by 109.69% on average over the past years. This is a very strong growth
  • TNP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.60%.
  • The Revenue has been growing by 10.92% on average over the past years. This is quite good.
EPS 1Y (TTM)-44.61%
EPS 3Y109.69%
EPS 5YN/A
EPS Q2Q%-45.58%
Revenue 1Y (TTM)-14.6%
Revenue growth 3Y11.36%
Revenue growth 5Y10.92%
Sales Q2Q%-22.83%

3.2 Future

  • The Earnings Per Share is expected to grow by 26.91% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 3.83% on average over the next years.
EPS Next Y57.14%
EPS Next 2Y29.92%
EPS Next 3Y26.91%
EPS Next 5YN/A
Revenue Next Year3.83%
Revenue Next 2Y2.94%
Revenue Next 3Y3.83%
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.
TNP Yearly Revenue VS EstimatesTNP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M
TNP Yearly EPS VS EstimatesTNP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5 -5 10

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9

4. TNP Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 5.94, which indicates a rather cheap valuation of TNP.
  • Compared to the rest of the industry, the Price/Earnings ratio of TNP indicates a rather cheap valuation: TNP is cheaper than 85.38% of the companies listed in the same industry.
  • TNP is valuated cheaply when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 2.77 indicates a rather cheap valuation of TNP.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TNP indicates a rather cheap valuation: TNP is cheaper than 98.11% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of TNP to the average of the S&P500 Index (24.12), we can say TNP is valued rather cheaply.
Industry RankSector Rank
PE 5.94
Fwd PE 2.77
TNP Price Earnings VS Forward Price EarningsTNP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TNP indicates a rather cheap valuation: TNP is cheaper than 81.60% of the companies listed in the same industry.
  • TNP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TNP is cheaper than 91.98% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.73
EV/EBITDA 3.64
TNP Per share dataTNP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

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.
  • A more expensive valuation may be justified as TNP's earnings are expected to grow with 26.91% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y29.92%
EPS Next 3Y26.91%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. TNP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.10%, TNP is a good candidate for dividend investing.
  • TNP's Dividend Yield is a higher than the industry average which is at 3.47.
  • Compared to an average S&P500 Dividend Yield of 1.91, TNP pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.1%

5.2 History

  • The dividend of TNP decreases each year by -3.85%.
  • TNP has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of TNP decreased in the last 3 years.
Dividend Growth(5Y)-3.85%
Div Incr Years2
Div Non Decr Years2
TNP Yearly Dividends per shareTNP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

5.3 Sustainability

  • TNP pays out 23.19% of its income as dividend. This is a sustainable payout ratio.
DP23.19%
EPS Next 2Y29.92%
EPS Next 3Y26.91%
TNP Yearly Income VS Free CF VS DividendTNP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M
TNP Dividend Payout.TNP Dividend Payout, showing the Payout Ratio.TNP Dividend Payout.PayoutRetained Earnings

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TNP Fundamentals: All Metrics, Ratios and Statistics

TSAKOS ENERGY NAVIGATION LTD

NYSE:TNP (6/28/2024, 8:04:00 PM)

After market: 29.28 0 (0%)

29.28

-0.16 (-0.54%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)06-24
Earnings (Next)09-05
Inst Owners21.77%
Inst Owner Change-2.1%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap864.05M
Revenue(TTM)830.03M
Net Income(TTM)266.81M
Analysts86.67
Price Target35.7 (21.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.1%
Yearly Dividend2.1
Dividend Growth(5Y)-3.85%
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)17.97%
Min Revenue beat(2)17.12%
Max Revenue beat(2)18.82%
Revenue beat(4)4
Avg Revenue beat(4)15.85%
Min Revenue beat(4)3.82%
Max Revenue beat(4)23.65%
Revenue beat(8)7
Avg Revenue beat(8)16.22%
Revenue beat(12)11
Avg Revenue beat(12)23.04%
Revenue beat(16)14
Avg Revenue beat(16)19.71%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-29%
EPS NQ rev (3m)-25.4%
EPS NY rev (1m)0%
EPS NY rev (3m)13%
Revenue NQ rev (1m)6.06%
Revenue NQ rev (3m)9.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.67%
Valuation
Industry RankSector Rank
PE 5.94
Fwd PE 2.77
P/S 0.97
P/FCF 3.73
P/OCF 2.19
P/B 0.53
P/tB 0.53
EV/EBITDA 3.64
EPS(TTM)4.93
EY16.84%
EPS(NY)10.58
Fwd EY36.15%
FCF(TTM)7.85
FCFY26.81%
OCF(TTM)13.39
OCFY45.75%
SpS30.15
BVpS54.85
TBVpS54.85
PEG (NY)0.1
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector 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
ROICexgc growth 3Y35.04%
ROICexgc growth 5Y55.49%
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 RankSector 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 1.19
F-Score9
WACC6.58%
ROIC/WACC1.33
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)-44.61%
EPS 3Y109.69%
EPS 5YN/A
EPS Q2Q%-45.58%
EPS Next Y57.14%
EPS Next 2Y29.92%
EPS Next 3Y26.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.6%
Revenue growth 3Y11.36%
Revenue growth 5Y10.92%
Sales Q2Q%-22.83%
Revenue Next Year3.83%
Revenue Next 2Y2.94%
Revenue Next 3Y3.83%
Revenue Next 5YN/A
EBIT growth 1Y31.13%
EBIT growth 3Y36.66%
EBIT growth 5Y54.54%
EBIT Next Year36.91%
EBIT Next 3Y16.36%
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%

TSAKOS ENERGY NAVIGATION LTD / TNP Fundamental Analysis FAQ

What is the ChartMill fundamental rating of TSAKOS ENERGY NAVIGATION LTD (TNP) stock?

ChartMill assigns a fundamental rating of 5 / 10 to TNP.


Can you provide the valuation status for TSAKOS ENERGY NAVIGATION LTD?

ChartMill assigns a valuation rating of 9 / 10 to TSAKOS ENERGY NAVIGATION LTD (TNP). This can be considered as Undervalued.


What is the profitability of TNP stock?

TSAKOS ENERGY NAVIGATION LTD (TNP) has a profitability rating of 5 / 10.


What are the PE and PB ratios of TSAKOS ENERGY NAVIGATION LTD (TNP) stock?

The Price/Earnings (PE) ratio for TSAKOS ENERGY NAVIGATION LTD (TNP) is 5.94 and the Price/Book (PB) ratio is 0.53.


What is the financial health of TSAKOS ENERGY NAVIGATION LTD (TNP) stock?

The financial health rating of TSAKOS ENERGY NAVIGATION LTD (TNP) is 4 / 10.