Tsakos Energy Navigation Limited

DB:TK41 Stock Report

Market Cap: €574.2m

Tsakos Energy Navigation Valuation

Is TK41 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TK41 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TK41 (€19) is trading below our estimate of fair value (€285.6)

Significantly Below Fair Value: TK41 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TK41?

Key metric: As TK41 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TK41. This is calculated by dividing TK41's market cap by their current earnings.
What is TK41's PE Ratio?
PE Ratio3.6x
EarningsUS$167.07m
Market CapUS$601.91m

Price to Earnings Ratio vs Peers

How does TK41's PE Ratio compare to its peers?

The above table shows the PE ratio for TK41 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.7x
VH2 Friedrich Vorwerk Group
19.9x12.9%€558.0m
ETG EnviTec Biogas
9.2xn/a€460.4m
CE2 CropEnergies
15.3x-7.5%€1.0b
CE2 CropEnergies
82.4xn/a€1.2b
TK41 Tsakos Energy Navigation
3.6x5.0%€601.9m

Price-To-Earnings vs Peers: TK41 is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (31.7x).

Price to Earnings Ratio vs Industry

How does TK41's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TK41 3.6xIndustry Avg. 8.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TK41 is good value based on its Price-To-Earnings Ratio (3.6x) compared to the European Oil and Gas industry average (8.2x).

Price to Earnings Ratio vs Fair Ratio

What is TK41's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TK41 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.6x
Fair PE Ratio16x

Price-To-Earnings vs Fair Ratio: TK41 is good value based on its Price-To-Earnings Ratio (3.6x) compared to the estimated Fair Price-To-Earnings Ratio (16x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TK41 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.00
€26.44
+39.1%
14.3%€30.21€22.66n/a2
Nov ’25€19.93
€27.35
+37.2%
8.5%€29.67€25.03n/a2
Oct ’25€22.30
€26.42
+18.5%
8.5%€28.66€24.18n/a2
Sep ’25€21.84
€32.61
+49.3%
12.7%€36.74€28.48n/a2
Aug ’25€23.78
€32.61
+37.1%
12.7%€36.74€28.48n/a2
Jul ’25€26.88
€32.70
+21.7%
14.3%€37.38€28.03n/a2
Jun ’25€28.60
€32.70
+14.3%
14.3%€37.38€28.03n/a2
May ’25€23.80
€32.70
+37.4%
14.3%€37.38€28.03n/a2
Apr ’25€23.40
€32.32
+38.1%
14.3%€36.93€27.70n/a2
Mar ’25€22.00
€31.35
+42.5%
17.6%€36.88€25.82n/a2
Feb ’25€22.60
€31.47
+39.2%
17.6%€37.02€25.91n/a2
Jan ’25€20.20
€31.25
+54.7%
17.6%€36.77€25.74n/a2
Jan ’24€15.90
€21.17
+33.1%
15.6%€24.46€17.87€20.202
Dec ’23€18.00
€21.79
+21.1%
15.6%€25.18€18.40€18.502
Nov ’23€17.40
€21.08
+21.1%
22.0%€25.70€16.45€20.802

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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