TSAKOS ENERGY NAVIGATION LTD (TNP) Stock Fundamental Analysis
USA - NYSE:TNP - BMG9108L1735 - Common Stock
29.28 USD
-0.16 (-0.54%)
29.28 USD
0 (0%)
Overall TNP gets a fundamental rating of 5 out of 10. We evaluated TNP against 210 industry peers in the Oil, Gas & Consumable Fuels industry. TNP has an average financial health and profitability rating. TNP is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
TNP had positive earnings in the past year.
TNP had a positive operating cash flow in the past year.
In multiple years TNP reported negative net income over the last 5 years.
In the past 5 years TNP always reported a positive cash flow from operatings.
1.2 Ratios
TNP has a better Return On Assets (7.93%) than 62.26% of its industry peers.
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 has a Return On Invested Capital (8.75%) which is in line with 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
TNP has a better Profit Margin (29.99%) than 76.89% of its industry peers.
Looking at the Operating Margin, with a value of 37.85%, TNP is in the better half of the industry, outperforming 70.75% of the companies in the same industry.
In the last couple of years the Operating Margin of TNP has grown nicely.
TNP has a Gross Margin of 57.82%. This is in the better half of the industry: TNP outperforms 63.21% of its industry peers.
TNP's Gross Margin has improved in the last couple of years.
| 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 TNP is still creating some value.
Compared to 1 year ago, TNP has about the same amount of shares outstanding.
Compared to 5 years ago, TNP has more shares outstanding
The debt/assets ratio for TNP has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.19, we must say that TNP is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of TNP (1.19) is comparable to the rest of the industry.
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.
TNP has a Debt to FCF ratio (6.75) which is in line with its industry peers.
TNP has a Debt/Equity ratio of 0.85. This is a neutral value indicating TNP is somewhat dependend on debt financing.
The Debt to Equity ratio of TNP (0.85) is worse than 69.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 6.75 | ||
| Altman-Z | 1.19 |
ROIC/WACC1.33
WACC6.58%
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.
TNP has a Current ratio of 1.58. This is in the better half of the industry: TNP outperforms 66.98% of its industry peers.
A Quick Ratio of 1.51 indicates that TNP should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.51, TNP is in the better half of the industry, outperforming 68.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
The earnings per share for TNP have decreased strongly by -44.61% in the last year.
Measured over the past years, TNP 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, TNP shows a very negative growth in Revenue. The Revenue has decreased by -14.60% in the last year.
TNP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.92% yearly.
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
Based on estimates for the next years, TNP will show a small growth in Revenue. The Revenue will grow by 3.83% on average per year.
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
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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
Based on the Price/Earnings ratio of 5.94, the valuation of TNP can be described as very cheap.
Based on the Price/Earnings ratio, TNP is valued cheaply inside the industry as 85.38% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of TNP to the average of the S&P500 Index (27.27), we can say TNP is valued rather cheaply.
A Price/Forward Earnings ratio of 2.77 indicates a rather cheap valuation of TNP.
TNP's Price/Forward Earnings ratio is rather cheap when compared to the industry. TNP is cheaper than 98.11% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.77. TNP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.94 | ||
| Fwd PE | 2.77 |
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.
91.98% of the companies in the same industry are more expensive than TNP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.73 | ||
| EV/EBITDA | 3.64 |
4.3 Compensation for Growth
TNP's 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%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.10%, TNP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.15, TNP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, TNP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.1% |
5.2 History
The dividend of TNP decreases each year by -3.85%.
TNP has been paying a dividend for at least 10 years, so it has 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
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%
29.28
-0.16 (-0.54%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.77%
Inst Owner Change20.11%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap864.05M
Analysts86.67
Price Target35.7 (21.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector 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
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 3Y35.04%
ROICexcg 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 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 | 1.19 |
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%