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
0 (0%)
After Hours:

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

  • 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.
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.
  • With a Return On Equity value of 16.48%, TNP perfoms like the industry average, outperforming 58.49% of the companies in the same industry.
  • TNP has a Return On Invested Capital (8.75%) which is in line with 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

  • The Profit Margin of TNP (29.99%) is better than 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.
  • In the last couple of years the Operating Margin of TNP has grown nicely.
  • With a decent Gross Margin value of 57.82%, TNP is doing good in the industry, outperforming 63.21% of the companies in the same industry.
  • TNP's Gross Margin has improved in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TNP is still creating some value.
  • The number of shares outstanding for TNP remains at a similar level compared to 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's Altman-Z score of 1.19 is in line compared to the rest of the industry. TNP outperforms 44.34% of 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.
  • 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.
  • TNP has a Debt to Equity ratio of 0.85. This is in the lower half of the industry: TNP underperforms 69.34% of its industry peers.
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.
  • TNP has a better Current ratio (1.58) 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.
  • The Quick ratio of TNP (1.51) is better than 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

  • TNP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -44.61%.
  • TNP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 109.69% yearly.
  • Looking at the last year, TNP shows a very negative growth in Revenue. The Revenue has decreased by -14.60% in the last year.
  • 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

  • TNP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.91% yearly.
  • 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

  • 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.
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

  • With a 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 cheaper than 85.38% of the companies in the same industry.
  • TNP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.91.
  • TNP is valuated cheaply with a Price/Forward Earnings ratio of 2.77.
  • Based on the Price/Forward Earnings ratio, TNP is valued cheaper than 98.11% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. TNP is valued rather cheaply when compared to this.
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 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TNP is valued cheaply inside the industry as 81.60% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, TNP is valued 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

  • TNP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • TNP's earnings are expected to grow with 26.91% in the coming years. This may justify a more expensive valuation.
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

  • TNP has a Yearly Dividend Yield of 4.10%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.22, TNP pays a bit more dividend than its industry peers.
  • TNP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
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 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 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
Industry StrengthN/A
Industry GrowthN/A
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 Number0 (-100%)
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.


Can you provide the profitability details for TSAKOS ENERGY NAVIGATION LTD?

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


Can you provide the PE and PB ratios for 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.


Is the dividend of TSAKOS ENERGY NAVIGATION LTD sustainable?

The dividend rating of TSAKOS ENERGY NAVIGATION LTD (TNP) is 6 / 10 and the dividend payout ratio is 23.19%.