Nordic American Tankers
Market Cap
US$510.5m
Last Updated
2019/11/16 23:49 UTC
Data Sources
Company Financials +
Executive Summary
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally.
Snowflake
Fundamentals
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Nordic American Tankers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NAT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.1%
NAT
-1.4%
US Oil and Gas
0.7%
US Market
1 Year Return
24.3%
NAT
-13.8%
US Oil and Gas
12.9%
US Market
Return vs Industry: NAT exceeded the US Oil and Gas industry which returned -13.8% over the past year.
Return vs Market: NAT exceeded the US Market which returned 12.9% over the past year.
Shareholder returns
| NAT | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.1% | -1.4% | 0.7% |
| 30 Day | -9.4% | 3.3% | 4.4% |
| 90 Day | 103.4% | 4.8% | 7.2% |
| 1 Year | 33.2%24.3% | -10.7%-13.8% | 15.4%12.9% |
| 3 Year | -53.0%-60.5% | -5.6%-14.3% | 49.1%39.5% |
| 5 Year | -42.5%-60.7% | -24.0%-34.9% | 62.7%44.7% |
Price Volatility Vs. Market
How volatile is Nordic American Tankers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Does Nordic American Tankers Limited (NYSE:NAT) Have A Place In Your Dividend Stock Portfolio?1 month ago | Simply Wall St
What Kind Of Shareholders Own Nordic American Tankers Limited (NYSE:NAT)?2 months ago | Simply Wall St
The Nordic American Tankers (NYSE:NAT) Share Price Is Down 83% So Some Shareholders Are Rather UpsetValuation
Is Nordic American Tankers undervalued compared to its fair value and its price relative to the market?
0.87x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: NAT ($3.58) is trading above our estimate of fair value ($1.88)
Significantly Below Fair Value: NAT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NAT is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: NAT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NAT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NAT is overvalued based on its PB Ratio (0.9x) compared to the US Oil and Gas industry average (0.8x).
Next Steps
Future Growth
How is Nordic American Tankers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
94.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NAT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).
Earnings vs Market: NAT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NAT's is expected to become profitable in the next 3 years.
Revenue vs Market: NAT's revenue (8.7% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: NAT's revenue (8.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NAT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Nordic American Tankers performed over the past 5 years?
-46.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NAT has large one-off items impacting its financial results.
Growing Profit Margin: NAT's current net profit margins (-19%) are higher than last year (-67.8%).
Past Earnings Growth Analysis
Earnings Trend: NAT is unprofitable, and losses have increased over the past 5 years at a rate of -46.4% per year.
Accelerating Growth: Unable to compare NAT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NAT is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-9%).
Return on Equity
High ROE: NAT has a negative Return on Equity (-9.91%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Nordic American Tankers's financial position?
Financial Position Analysis
Short Term Liabilities: NAT's short term assets ($100.2M) exceeds its short term liabilities ($39.4M)
Long Term Liabilities: NAT's short term assets (100.2M) do not cover its long term liabilities (405.8M)
Debt to Equity History and Analysis
Debt Level: NAT's debt to equity ratio (70.2%) is considered high
Reducing Debt: NAT's debt to equity ratio has increased from 27% to 70.2% over the past 5 years.
Balance Sheet
Inventory Level: NAT has a high level of physical assets or inventory.
Debt Coverage by Assets: NAT's debt is not covered by short term assets (assets are 0.2x 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 NAT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NAT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 78.8% per year.
Next Steps
Dividend
What is Nordic American Tankers's current dividend yield, its reliability and sustainability?
2.23%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NAT's dividend (2.23%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: NAT's dividend (2.23%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: NAT's dividend payments have been volatile in the past 10 years.
Growing Dividend: NAT's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: NAT is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NAT's dividends in 3 years are forecast to be covered by earnings (76.2% payout ratio).
Next Steps
Management
What is the CEO of Nordic American Tankers's salary, the management and board of directors tenure and is there insider trading?
7.4yrs
Average management tenure
CEO
Herbjørn Hansson (71yo)
24.8yrs
Tenure
Mr. Herbjørn Hansson is the Founder of Nordic American Tankers Limited (formerly Nordic American Tanker Shipping Ltd.) and has been its Chief Executive Officer since 1995. Mr. Hansson was Executive Chairma ...
Management Age and Tenure
7.4yrs
Average Tenure
61yo
Average Age
Experienced Management: NAT's management team is seasoned and experienced (7.4 years average tenure).
Board Age and Tenure
12.3yrs
Average Tenure
69yo
Average Age
Experienced Board: NAT's board of directors are seasoned and experienced ( 12.3 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 14.6%.
Management Team
Herbjørn Hansson (71yo)
Founder
- Tenure: 24.8yrs
Jan Langangen (69yo)
Advisor & Director
- Tenure: 9.4yrs
John Bernander (61yo)
Advisor to Chairman
- Tenure: 7.4yrs
Bjørn Giaever (52yo)
CFO & Secretary
- Tenure: 2.1yrs
Jan H. Møller (34yo)
Head of Investor Relations and Financial Manager
- Tenure: 0yrs
Erik Tomstad
Executive Vice President of Chartering
- Tenure: 0yrs
Board Members
Herbjørn Hansson (71yo)
Founder
- Tenure: 24.8yrs
Andreas Ugland (64yo)
Vice Chairman
- Tenure: 22.8yrs
Jan Langangen (69yo)
Advisor & Director
- Tenure: 9.4yrs
Jim Kelly (66yo)
Independent Director
- Tenure: 9.4yrs
Richard H. Vietor (73yo)
Director
- Tenure: 12.3yrs
Company Information
Nordic American Tankers Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Nordic American Tankers Limited
- Ticker: NAT
- Exchange: NYSE
- Founded: 1995
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$510.458m
- Shares outstanding: 142.59m
- Website: https://www.nat.bm
Number of Employees
Location
- Nordic American Tankers Limited
- LOM Building
- 27 Reid Street
- Hamilton
- HM 11
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NAT | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Sep 1997 |
| B3O | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1997 |
| 0UC0 | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Sep 1997 |
Biography
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 23 Suezmax crude oil tankers. The company was founded in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 23:49 |
| End of Day Share Price | 2019/11/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.