Euronav
Market Cap
€2.0b
Last Updated
2020/02/16 20:32 UTC
Data Sources
Company Financials +
Executive Summary
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil and petroleum products worldwide.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Moderate growth potential second-rate dividend payer.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.3%
EURN
-0.4%
BE Oil and Gas
0.8%
BE Market
1 Year Return
28.8%
EURN
-3.5%
BE Oil and Gas
8.7%
BE Market
Return vs Industry: EURN exceeded the Belgian Oil and Gas industry which returned -3.5% over the past year.
Return vs Market: EURN exceeded the Belgian Market which returned 8.7% over the past year.
Shareholder returns
| EURN | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.3% | -0.4% | 0.8% |
| 30 Day | -14.0% | -8.3% | 0.2% |
| 90 Day | -6.2% | -6.8% | 0.9% |
| 1 Year | 30.0%28.8% | 2.1%-3.5% | 10.9%8.7% |
| 3 Year | 26.3%20.9% | 32.0%13.1% | -2.6%-9.0% |
| 5 Year | 5.0%-13.1% | 45.8%12.4% | 2.6%-9.4% |
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
16 hours ago | Simply Wall St
An Intrinsic Calculation For Euronav NV (EBR:EURN) Suggests It's 31% Undervalued2 weeks ago | Simply Wall St
Should We Be Cautious About Euronav NV's (EBR:EURN) ROE Of 5.1%?2 weeks ago | Simply Wall St
Euronav NV Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsValuation
Is Euronav undervalued compared to its fair value and its price relative to the market?
31.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EURN (€9.22) is trading below our estimate of fair value (€13.38)
Significantly Below Fair Value: EURN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EURN is poor value based on its PE Ratio (18.2x) compared to the Oil and Gas industry average (10.9x).
PE vs Market: EURN is poor value based on its PE Ratio (18.2x) compared to the Belgian market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: EURN is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: EURN is overvalued based on its PB Ratio (0.9x) 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 9 analysts?
13.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EURN's forecast earnings growth (13.7% per year) is above the savings rate (0.7%).
Earnings vs Market: EURN's earnings (13.7% per year) are forecast to grow faster than the Belgian market (8% per year).
High Growth Earnings: EURN's earnings are forecast to grow, but not significantly.
Revenue vs Market: EURN's revenue (8.6% per year) is forecast to grow faster than the Belgian market (2.7% per year).
High Growth Revenue: EURN's revenue (8.6% per year) is forecast to grow slower than 20% 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 (1.5%).
Next Steps
Past Performance
How has Euronav performed over the past 5 years?
-42.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EURN has a large one-off gain of $24.1M impacting its December 31 2019 financial results.
Growing Profit Margin: EURN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: EURN has become profitable over the past 5 years, growing earnings by -42.6% per year.
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 (-5.3%).
Return on Equity
High ROE: EURN's Return on Equity (5.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Euronav's financial position?
Financial Position Analysis
Short Term Liabilities: EURN's short term assets ($800.3M) exceed its short term liabilities ($324.3M).
Long Term Liabilities: EURN's short term assets ($800.3M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: EURN's debt to equity ratio (66.8%) is considered high.
Reducing Debt: EURN's debt to equity ratio has reduced from 100.6% to 66.8% over the past 5 years.
Debt Coverage: EURN's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: EURN's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Inventory Level: EURN has a high level of physical assets or inventory.
Debt Coverage by Assets: EURN's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is Euronav's current dividend yield, its reliability and sustainability?
3.50%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: EURN's dividend (3.5%) is higher than the bottom 25% of dividend payers in the Belgian market (2%).
High Dividend: EURN's dividend (3.5%) is low compared to the top 25% of dividend payers in the Belgian market (4.29%).
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 (63.6%), EURN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EURN's dividends in 3 years are not forecast to be well covered by earnings (91.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Hugo De Stoop (46yo)
1.1yrs
Tenure
Mr. Hugo De Stoop is Chief Executive Officer at Euronav NV since 2019 and served as its Interim CFO since 2019 until October 2019. He was Chief Financial Officer at Euronav NV since January 1, 2008 until 2 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 1.1yrs | no data | no data | |
| Chief Financial Officer | 0.3yrs | no data | no data | |
| Chief Operating Officer | 15.1yrs | no data | no data | |
| Head of Investor Relations | 5.9yrs | no data | no data | |
| General Counsel | 11.1yrs | no data | no data | |
| Head of Fuel Oil procurement | 0yrs | no data | no data | |
| Secretary General | 5.7yrs | no data | no data |
5.8yrs
Average Tenure
46yo
Average Age
Experienced Management: EURN's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.8yrs | US$152.50k | no data | |
| Independent Chairman | 4.2yrs | US$252.50k | no data | |
| Independent Director | 1.1yrs | no data | no data | |
| Director | 4.8yrs | US$125.00k | no data | |
| Independent Director | 4.8yrs | US$185.00k | no data | |
| Independent Director | 1.1yrs | no data | no data |
4.0yrs
Average Tenure
51yo
Average Age
Experienced Board: EURN's board of directors are considered experienced (4 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 been diluted in the past year, with total shares outstanding growing by 12.5%.
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: €1.982b
- Shares outstanding: 215.08m
- Website: https://www.euronav.com
Number of Employees
Location
- Euronav NV
- 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 transportation and storage of crude oil and petroleum products worldwide. The company operates through two segments, Tankers; and Floating Production, Storage, and Offloading Operations. As of October 10, 2019, it had a fleet of 2 ultra large crude carriers, 42 very large crude carriers, and 25 Suezmaxes, as well as 2 floating, storage, and offloading vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 20:32 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| 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.