Euronav
Market Cap
€1.3b
Last Updated
2021/01/27 20:36 UTC
Data Sources
Company Financials +
Executive Summary
Euronav NV, together with its subsidiaries, engages in the shipping and storage of crude oil worldwide. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 57% per year for the next 3 years
Snowflake Analysis
Undervalued with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Euronav's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EURN is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: EURN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
EURN
-4.7%
BE Oil and Gas
-3.1%
BE Market
1 Year Return
-28.7%
EURN
-22.3%
BE Oil and Gas
-10.6%
BE Market
Return vs Industry: EURN underperformed the Belgian Oil and Gas industry which returned -22.2% over the past year.
Return vs Market: EURN underperformed the Belgian Market which returned -9.4% over the past year.
Shareholder returns
| EURN | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -4.7% | -3.1% |
| 30 Day | 1.5% | 4.3% | -2.1% |
| 90 Day | 6.4% | 38.4% | 17.8% |
| 1 Year | -19.7%-28.7% | -17.7%-22.3% | -9.4%-10.6% |
| 3 Year | 11.6%-2.8% | -3.6%-17.9% | -14.8%-19.5% |
| 5 Year | -14.9%-34.8% | 48.8%14.8% | -10.3%-19.1% |
Long-Term Price Volatility Vs. Market
How volatile is Euronav's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Euronav NV (EBR:EURN) Shares Could Be 21% Below Their Intrinsic Value Estimate4 weeks ago | Simply Wall St
Is Euronav (EBR:EURN) A Risky Investment?Valuation
Is Euronav undervalued compared to its fair value and its price relative to the market?
23.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EURN (€6.67) is trading below our estimate of fair value (€8.69)
Significantly Below Fair Value: EURN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EURN is good value based on its PE Ratio (2.5x) compared to the XE Oil and Gas industry average (13.2x).
PE vs Market: EURN is good value based on its PE Ratio (2.5x) compared to the Belgian market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: EURN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: EURN is good value based on its PB Ratio (0.7x) compared to the XE Oil and Gas industry average (0.8x).
Next Steps
Future Growth
How is Euronav forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
-57.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EURN's earnings are forecast to decline over the next 3 years (-57% per year).
Earnings vs Market: EURN's earnings are forecast to decline over the next 3 years (-57% per year).
High Growth Earnings: EURN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: EURN's revenue is expected to decline over the next 3 years (-21.1% per year).
High Growth Revenue: EURN's revenue is forecast to decline over the next 3 years (-21.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EURN's Return on Equity is forecast to be low in 3 years time (11.4%).
Next Steps
Past Performance
How has Euronav performed over the past 5 years?
0.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EURN has high quality earnings.
Growing Profit Margin: EURN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: EURN's earnings have grown by 0.2% per year over the past 5 years.
Accelerating Growth: EURN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EURN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-26.7%).
Return on Equity
High ROE: EURN's Return on Equity (28.5%) is considered high.
Next Steps
Financial Health
How is Euronav's financial position?
Financial Position Analysis
Short Term Liabilities: EURN's short term assets ($532.6M) exceed its short term liabilities ($271.4M).
Long Term Liabilities: EURN's short term assets ($532.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: EURN's debt to equity ratio (49.9%) is considered high.
Reducing Debt: EURN's debt to equity ratio has reduced from 67.9% to 49.9% over the past 5 years.
Debt Coverage: EURN's debt is well covered by operating cash flow (88.9%).
Interest Coverage: EURN's interest payments on its debt are well covered by EBIT (10.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Euronav current dividend yield, its reliability and sustainability?
4.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EURN's dividend (4.47%) is higher than the bottom 25% of dividend payers in the Belgian market (2%).
High Dividend: EURN's dividend (4.47%) is low compared to the top 25% of dividend payers in the Belgian market (4.71%).
Stability and Growth of Payments
Stable Dividend: EURN's dividend payments have been volatile in the past 10 years.
Growing Dividend: EURN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.6%), EURN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EURN's dividends in 3 years are forecast to be covered by earnings (69.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Hugo De Stoop (47 yo)
1.67yrs
Tenure
US$414,328
Compensation
Mr. Hugo De Stoop is Chief Executive Officer at Euronav NV since May 9, 2019 and served as its Interim CFO since 2019 until January 1, 2020. Mr. De Stoop has been a Member of Management Board at Euronav NV...
CEO Compensation Analysis
Compensation vs Market: Hugo's total compensation ($USD414.33K) is below average for companies of similar size in the Belgian market ($USD782.79K).
Compensation vs Earnings: Insufficient data to compare Hugo's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of the Management Board | 1.67yrs | US$414.33k | no data | |
| CFO & Member of the Management Board | 1yr | no data | no data | |
| COO & Member of the Management Board | 16yrs | no data | no data | |
| General Counsel & Member of the Management Board | 11yrs | no data | no data | |
| Head of Investor Relations | 2yrs | no data | no data | |
| General Manager of Euronav Ship Management (Hellas) Ltd. & Member of the Management Board | 2yrs | no data | no data | |
| Head of Fuel Oil procurement | no data | no data | no data | |
| Secretary General | 1yr | no data | no data |
2.0yrs
Average Tenure
50.5yo
Average Age
Experienced Management: EURN's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of the Supervisory Board | 4.67yrs | US$171.14k | no data | |
| Independent Chairman of the Supervisory Board | 5.08yrs | US$303.00k | no data | |
| Independent Member of the Supervisory Board | 1.67yrs | US$98.19k | no data | |
| Member of the Supervisory Board | 5.67yrs | US$140.28k | no data | |
| Independent Member of the Supervisory Board | 5.67yrs | US$193.58k | no data | |
| Independent Member of the Supervisory Board | 1.67yrs | US$106.61k | no data |
4.9yrs
Average Tenure
51.5yo
Average Age
Experienced Board: EURN's board of directors are considered experienced (4.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Euronav NV's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Euronav NV
- Ticker: EURN
- Exchange: ENXTBR
- Founded: 2003
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: €1.344b
- Shares outstanding: 201.68m
- Website: https://www.euronav.com
Number of Employees
Location
- Euronav NV
- Belgica Building
- De Gerlachekaai 20
- Antwerp
- Antwerp
- 2000
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EURN | NYSE (New York Stock Exchange) | Yes | Ordinary Shares | US | USD | Dec 2004 |
| EURN | ENXTBR (Euronext Brussels) | Yes | Ordinary Shares | BE | EUR | Dec 2004 |
| OCW | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2004 |
| 0K9A | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Dec 2004 |
| EURNB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Dec 2004 |
Biography
Euronav NV, together with its subsidiaries, engages in the shipping and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 15, 2020, it ow...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/27 20:36 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.