OB:TEAM

Stock Analysis Report

Team Tankers International

Executive Summary

Team Tankers International Ltd., a shipping company, owns and operates chemical tankers for the seaborne transportation of liquid chemicals worldwide.

Rewards

Trading at 85.1% below its fair value

Risk Analysis

Earnings have declined by -44.88% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year



Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Team Tankers International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TEAM has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

TEAM

-2.1%

NO Shipping

-0.8%

NO Market


1 Year Return

-21.6%

TEAM

1.7%

NO Shipping

4.9%

NO Market

Return vs Industry: TEAM underperformed the Norwegian Shipping industry which returned 2.8% over the past year.

Return vs Market: TEAM underperformed the Norwegian Market which returned 4.5% over the past year.


Shareholder returns

TEAMIndustryMarket
7 Day-1.8%-2.1%-0.8%
30 Day-1.8%6.1%1.1%
90 Day5.8%11.4%4.4%
1 Year-21.6%-21.6%5.3%1.7%10.5%4.9%
3 Year-56.0%-56.0%-8.3%-15.2%31.4%15.1%
5 Yearn/a8.6%-5.4%64.3%26.9%

Price Volatility Vs. Market

How volatile is Team Tankers International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Team Tankers International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TEAM (NOK5.45) is trading below our estimate of fair value (NOK36.64)

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


Price To Earnings Ratio

PE vs Industry: TEAM is unprofitable, so we can't compare its PE Ratio to the Shipping industry average.

PE vs Market: TEAM is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TEAM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TEAM is good value based on its PB Ratio (0.4x) compared to the NO Shipping industry average (0.6x).


Next Steps

Future Growth

How is Team Tankers International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

42.0%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Team Tankers International has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Team Tankers International performed over the past 5 years?

-44.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TEAM is currently unprofitable.

Growing Profit Margin: TEAM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TEAM is unprofitable, and losses have increased over the past 5 years at a rate of -44.9% per year.

Accelerating Growth: Unable to compare TEAM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TEAM is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-8.5%).


Return on Equity

High ROE: TEAM has a negative Return on Equity (-22.22%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Team Tankers International's financial position?


Financial Position Analysis

Short Term Liabilities: TEAM's short term assets ($141.9M) exceed its short term liabilities ($115.0M).

Long Term Liabilities: TEAM's short term assets ($141.9M) do not cover its long term liabilities ($164.8M).


Debt to Equity History and Analysis

Debt Level: TEAM's debt to equity ratio (46.7%) is considered high.

Reducing Debt: TEAM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: TEAM has a high level of physical assets or inventory.

Debt Coverage by Assets: TEAM's debt is not covered by short term assets (assets are 0.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TEAM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TEAM is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 54.6% per year.


Next Steps

Dividend

What is Team Tankers International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TEAM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TEAM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TEAM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TEAM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TEAM's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

What is the CEO of Team Tankers International's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

Hans Feringa (58yo)

4.3yrs

Tenure

0

Mr. Hans Peter Feringa has been the Chief Executive Officer and President of Team Tankers International Ltd. since September 1, 2015. Mr. Feringa served as the President of Stolt Tankers at Stolt-Nielsen L ...


Management Age and Tenure

2.2yrs

Average Tenure

Experienced Management: TEAM's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

3.0yrs

Average Tenure

59.5yo

Average Age

Experienced Board: TEAM's board of directors are considered experienced (3 years average tenure).


Insider Trading

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 7.1%.


Management Team

  • Morten Arntzen (63yo)

    Executive Chairman

    • Tenure: 4.8yrs
  • Hans Feringa (58yo)

    CEO & President

    • Tenure: 4.3yrs
  • Michael Obling

    Vice President of S&P and Chartering

    • Tenure: 3.4yrs
  • Malene Pedersen

    Vice President of Human Resources

    • Jens Schnelle

      Chief Financial Officer

      • Tenure: 0.8yrs
    • Michele Bateson

      Global Head of Accounting & Control

      • Tim Addis-Jones

        General Counsel

        • Tenure: 0.9yrs

      Board Members

      • Mads Meldgaard (55yo)

        Independent Director

        • Tenure: 2.2yrs
      • Morten Arntzen (63yo)

        Executive Chairman

        • Tenure: 4.8yrs
      • Kevin Kennedy (59yo)

        Independent Director

        • Tenure: 2.2yrs
      • Bob Burke (60yo)

        Independent Director

        • Tenure: 2.2yrs
      • Tom Higbie

        Director

        • Tenure: 4.9yrs
      • Jesper Hansen

        Director

        • Tenure: 4.9yrs
      • Bryce Fraser

        Director

        • Tenure: 3.9yrs
      • Mikael Laurin

        Director

        • Tenure: 1.8yrs

      Company Information

      Team Tankers International Ltd.'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Team Tankers International Ltd.
      • Ticker: TEAM
      • Exchange: OB
      • Founded: 1883
      • Industry: Marine
      • Sector: Transportation
      • Market Cap: kr1.108b
      • Shares outstanding: 203.25m
      • Website: https://www.teamtankers.com

      Number of Employees


      Location

      • Team Tankers International Ltd.
      • Williams House
      • 4th Floor
      • Hamilton
      • HM 11
      • Bermuda

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      TEAMOB (Oslo Bors)YesOrdinary SharesNONOKMar 2015
      0R6QLSE (London Stock Exchange)YesOrdinary SharesGBNOKMar 2015
      TEAMOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMar 2015

      Biography

      Team Tankers International Ltd., a shipping company, owns and operates chemical tankers for the seaborne transportation of liquid chemicals worldwide. The company transports various cargoes, such as organic chemicals, non-organic chemicals, petroleum products, vegetable oils, and lube oils. It operates 35 owned and 13 leased vessel with a purchase option. The company serves chemical producers, oil majors, commodities traders, and others in the petrochemical supply chain. Team Tankers International Ltd. was founded in 1883 and is headquartered in Hamilton, Bermuda. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/24 22:55
      End of Day Share Price2020/01/24 00:00
      Earnings2019/09/30
      Annual Earnings2018/12/31


      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.