Nordic American Tankers
Market Cap
US$510.9m
Last Updated
2020/11/26 23:19 UTC
Data Sources
Company Financials +
Executive Summary
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 27.1% per year for the next 3 years
Snowflake Analysis
Fair value with acceptable track record.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NAT's weekly volatility has decreased from 13% to 7% over the past year.
Market Performance
7 Day Return
4.0%
NAT
8.6%
US Oil and Gas
2.1%
US Market
1 Year Return
-5.9%
NAT
-31.2%
US Oil and Gas
19.8%
US Market
Return vs Industry: NAT exceeded the US Oil and Gas industry which returned -31.1% over the past year.
Return vs Market: NAT underperformed the US Market which returned 19.7% over the past year.
Shareholder returns
| NAT | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 8.6% | 2.1% |
| 30 Day | 10.8% | 29.6% | 8.1% |
| 90 Day | -21.9% | 8.3% | 6.0% |
| 1 Year | 4.8%-5.9% | -26.5%-31.2% | 22.5%19.8% |
| 3 Year | 3.9%-15.3% | -32.8%-42.0% | 46.5%36.8% |
| 5 Year | -65.5%-76.6% | -21.8%-37.3% | 96.9%75.3% |
Long-Term 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
1 week ago | Simply Wall St
How Much Did Nordic American Tankers'(NYSE:NAT) Shareholders Earn From Share Price Movements Over The Last Five Years?1 month ago | Simply Wall St
Nordic American Tankers (NYSE:NAT) Seems To Use Debt Quite Sensibly1 month ago | Simply Wall St
Would Nordic American Tankers Limited (NYSE:NAT) Be Valuable To Income Investors?Valuation
Is Nordic American Tankers undervalued compared to its fair value and its price relative to the market?
5.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NAT ($3.38) is trading above our estimate of fair value ($3.07)
Significantly Below Fair Value: NAT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NAT is good value based on its PE Ratio (5.5x) compared to the US Oil and Gas industry average (9.3x).
PE vs Market: NAT is good value based on its PE Ratio (5.5x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: NAT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NAT is good value based on its PB Ratio (0.8x) compared to the US Oil and Gas industry average (1x).
Next Steps
Future Growth
How is Nordic American Tankers forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-27.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NAT's earnings are forecast to decline over the next 3 years (-27.1% per year).
Earnings vs Market: NAT's earnings are forecast to decline over the next 3 years (-27.1% per year).
High Growth Earnings: NAT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NAT's revenue is expected to decline over the next 3 years (-15.7% per year).
High Growth Revenue: NAT's revenue is forecast to decline over the next 3 years (-15.7% 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
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Past Performance
How has Nordic American Tankers performed over the past 5 years?
-16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NAT has high quality earnings.
Growing Profit Margin: NAT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NAT has become profitable over the past 5 years, growing earnings by -16.3% per year.
Accelerating Growth: NAT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NAT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-29.6%).
Return on Equity
High ROE: NAT's Return on Equity (14.5%) is considered low.
Next Steps
Financial Health
How is Nordic American Tankers's financial position?
Financial Position Analysis
Short Term Liabilities: NAT's short term assets ($110.9M) exceed its short term liabilities ($45.5M).
Long Term Liabilities: NAT's short term assets ($110.9M) do not cover its long term liabilities ($313.3M).
Debt to Equity History and Analysis
Debt Level: NAT's debt to equity ratio (52.7%) is considered high.
Reducing Debt: NAT's debt to equity ratio has increased from 28.5% to 52.7% over the past 5 years.
Debt Coverage: NAT's debt is well covered by operating cash flow (39.7%).
Interest Coverage: NAT's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Nordic American Tankers's current dividend yield, its reliability and sustainability?
3.85%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NAT's dividend (3.85%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: NAT's dividend (3.85%) is low compared to the top 25% of dividend payers in the US market (4.05%).
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: With its reasonable payout ratio (72.6%), NAT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NAT's dividends in 3 years are not forecast to be well covered by earnings (198.4% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average board tenure
CEO
Herbjørn Hansson (72 yo)
25.83yrs
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...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 25.83yrs | no data | 2.9% $ 14.8m | |
| Independent Vice-Chairman | 0.67yr | no data | no data | |
| Director | 13.33yrs | no data | no data | |
| Director | 1yr | no data | no data | |
| Director | 1yr | no data | no data |
1.0yrs
Average Tenure
67yo
Average Age
Experienced Board: NAT's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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 6%.
Top Shareholders
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$510.929m
- Shares outstanding: 151.16m
- 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 formerly kn...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 23:19 |
| End of Day Share Price | 2020/11/25 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.