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TSAKOS ENERGY NAVIGATION LTD (TNP) Stock Fundamental Analysis

USA - NYSE:TNP - BMG9108L1735 - Common Stock

29.28 USD
-0.16 (-0.54%)
Last: 6/28/2024, 8:04:00 PM
29.28 USD
0 (0%)
After Hours: 6/28/2024, 8:04:00 PM
Fundamental Rating

5

Overall TNP gets a fundamental rating of 5 out of 10. We evaluated TNP against 211 industry peers in the Oil, Gas & Consumable Fuels industry. TNP has only an average score on both its financial health and profitability. TNP scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year TNP was profitable.
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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M

1.2 Ratios

The Return On Assets of TNP (7.93%) is better than 62.26% of its industry peers.
Looking at the Return On Equity, with a value of 16.48%, TNP is in line with its industry, outperforming 58.49% of the companies in the same industry.
TNP has a Return On Invested Capital (8.75%) which is comparable to the rest of the industry.
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 2015 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.
TNP has a better Operating Margin (37.85%) than 70.75% of its industry peers.
In the last couple of years the Operating Margin of TNP has grown nicely.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TNP is creating some value.
TNP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, TNP has more shares outstanding
Compared to 1 year ago, TNP has an improved debt to assets ratio.
TNP Yearly Shares OutstandingTNP Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 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.
Looking at the Altman-Z score, with a value of 1.19, TNP is in line with its industry, outperforming 44.34% of the companies in the same 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 comparable to the rest of the industry.
TNP has a Debt/Equity ratio of 0.85. This is a neutral value indicating TNP is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.85, TNP is doing worse than 69.34% of the companies in the same industry.
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 2015 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.
The Current ratio of TNP (1.58) is better than 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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

5

3. Growth

3.1 Past

TNP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -44.61%.
The Earnings Per Share has been growing by 109.69% on average over the past years. This is a very strong growth
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

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 2014 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5 -5 10

9

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.
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.
Compared to an average S&P500 Price/Earnings ratio of 27.40, TNP is valued rather cheaply.
With a Price/Forward Earnings ratio of 2.77, the valuation of TNP can be described as very cheap.
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.
TNP is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TNP indicates a rather cheap valuation: TNP is cheaper than 91.98% of the companies listed 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

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%

6

5. Dividend

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 6.28.
Compared to an average S&P500 Dividend Yield of 2.36, 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 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
TNP Yearly Dividends per shareTNP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6

5.3 Sustainability

23.19% of the earnings are spent on dividend by TNP. This is a low number and 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 2015 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

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 2024-06-24/amc
Earnings (Next)09-05 2024-09-05/amc
Inst Owners21.77%
Inst Owner Change0%
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 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
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
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 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%