Nordic American Tankers
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. The last earnings update was 10 days ago. More info.
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NAT Share Price and Events
7 Day Returns
1 Year Returns
NAT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Nordic American Tankers (NAT) | 1.5% | 2.5% | -0.5% | 9.5% | -86.5% | -75.7% |
| US Oil and Gas | 1.8% | 4.7% | 10.9% | -4.9% | 3.6% | -26.4% |
| US Market | 0.9% | 4.6% | 10.9% | 9.6% | 39% | 47.2% |
1 Year Return vs Industry and Market
- NAT outperformed the Oil and Gas industry which returned -4.9% over the past year.
NAT Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Nordic American Tankers
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Nordic American Tankers.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 12.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.94 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.937 (1 + (1- 21%) (147.85%)) |
1.691 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.69 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.691 * 5.96%) |
12.81% |
Discounted Cash Flow Calculation for NYSE:NAT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Nordic American Tankers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 12.81%) |
|
|---|---|---|---|
| 2019 | -4.10 | Analyst x1 | -3.63 |
| 2020 | 68.96 | Analyst x1 | 54.19 |
| 2021 | 109.18 | Est @ 58.33% | 76.05 |
| 2022 | 154.66 | Est @ 41.65% | 95.50 |
| 2023 | 201.01 | Est @ 29.98% | 110.03 |
| 2024 | 244.84 | Est @ 21.8% | 118.80 |
| 2025 | 284.21 | Est @ 16.08% | 122.24 |
| 2026 | 318.53 | Est @ 12.08% | 121.45 |
| 2027 | 348.06 | Est @ 9.27% | 117.64 |
| 2028 | 373.50 | Est @ 7.31% | 111.90 |
| Present value of next 10 years cash flows | $924.16 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $373.50 × (1 + 2.73%) ÷ (12.81% – 2.73%) |
$3,806.84 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $3,806.84 ÷ (1 + 12.81%)10 |
$1,140.56 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $924.16 + $1,140.56 |
$2,064.73 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $2,064.73 / 141.95 |
$14.55 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $14.55 |
| Current discount | Discount to share price of
$2.08
= -1 x ($2.08 - $14.55) / $14.55 |
85.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Nordic American Tankers's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Nordic American Tankers's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Nordic American Tankers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Nordic American Tankers's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-0.67 |
| NYSE:NAT Share Price ** | NYSE (2019-04-25) in USD | $2.08 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 107 Publicly-Listed Oil and Gas Companies | 13.3x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Nordic American Tankers.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:NAT Share Price ÷ EPS (both in USD) = 2.08 ÷ -0.67 |
-3.1x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nordic American Tankers is loss making, we can't compare its value to the US Oil and Gas industry average.
- Nordic American Tankers is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Nordic American Tankers's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -3.1x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
77.8%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 76 Publicly-Listed Oil and Gas Companies | 0.6x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Nordic American Tankers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Nordic American Tankers's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $4.24 |
| NYSE:NAT Share Price * | NYSE (2019-04-25) in USD | $2.08 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 191 Publicly-Listed Oil and Gas Companies | 1.18x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:NAT Share Price ÷ Book Value per Share (both in USD) = 2.08 ÷ 4.24 |
0.49x |
* Primary Listing of Nordic American Tankers.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Nordic American Tankers is good value based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Nordic American Tankers's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Nordic American Tankers has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
NAT Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Nordic American Tankers's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Nordic American Tankers's earnings growth is expected to exceed the United States of America market average.
- Nordic American Tankers's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:NAT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 77.8% |
| NYSE:NAT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | -9.9% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 10.5% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 230 | 120 | 57 | 1 |
| 2021-12-31 | 208 | 117 | 53 | 2 |
| 2020-12-31 | 206 | 91 | 20 | 5 |
| 2019-12-31 | 167 | 55 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 289 | -16 | -95 |
| 2018-09-30 | 275 | -31 | -236 |
| 2018-06-30 | 259 | -20 | -232 |
| 2018-03-31 | 272 | -7 | -220 |
| 2017-12-31 | 297 | 32 | -205 |
| 2017-09-30 | 310 | 41 | -93 |
| 2017-06-30 | 313 | 62 | -66 |
| 2017-03-31 | 336 | 101 | -37 |
| 2016-12-31 | 357 | 128 | -4 |
| 2016-09-30 | 508 | 159 | 65 |
| 2016-06-30 | 412 | 185 | 98 |
| 2016-03-31 | 453 | 188 | 116 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Nordic American Tankers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 0.40 | 0.40 | 0.40 | 1.00 |
| 2021-12-31 | 0.38 | 0.38 | 0.38 | 1.00 |
| 2020-12-31 | 0.14 | 0.36 | -0.08 | 2.00 |
| 2019-12-31 | -0.05 | -0.05 | -0.05 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.67 |
| 2018-09-30 | -1.76 |
| 2018-06-30 | -1.88 |
| 2018-03-31 | -1.93 |
| 2017-12-31 | -1.97 |
| 2017-09-30 | -0.91 |
| 2017-06-30 | -0.67 |
| 2017-03-31 | -0.39 |
| 2016-12-31 | -0.05 |
| 2016-09-30 | 0.73 |
| 2016-06-30 | 1.10 |
| 2016-03-31 | 1.30 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Nordic American Tankers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Nordic American Tankers's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Nordic American Tankers has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
NAT Past Performance
How has Nordic American Tankers performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Nordic American Tankers does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare Nordic American Tankers's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Nordic American Tankers's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
All data from Nordic American Tankers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 289.02 | -95.31 | 12.73 | |
| 2018-09-30 | 275.44 | -236.21 | 14.69 | |
| 2018-06-30 | 259.47 | -232.50 | 13.48 | |
| 2018-03-31 | 271.56 | -220.26 | 13.02 | |
| 2017-12-31 | 297.14 | -204.97 | 12.58 | |
| 2017-09-30 | 309.66 | -92.76 | 10.48 | |
| 2017-06-30 | 313.36 | -66.06 | 10.66 | |
| 2017-03-31 | 335.91 | -37.19 | 12.15 | |
| 2016-12-31 | 357.45 | -4.46 | 12.30 | |
| 2016-09-30 | 508.40 | 64.85 | 13.88 | |
| 2016-06-30 | 411.76 | 98.26 | 12.10 | |
| 2016-03-31 | 452.91 | 116.19 | 11.09 | |
| 2015-12-31 | 445.74 | 114.63 | 9.79 | |
| 2015-09-30 | 452.20 | 83.73 | 10.80 | |
| 2015-06-30 | 512.71 | 58.02 | 12.64 | |
| 2015-03-31 | 375.59 | 13.52 | 13.02 | |
| 2014-12-31 | 351.05 | -13.17 | 14.86 | |
| 2014-09-30 | 302.40 | -33.35 | 14.09 | |
| 2014-06-30 | 284.00 | -53.87 | 14.75 | |
| 2014-03-31 | 271.41 | -69.04 | 11.49 | |
| 2013-12-31 | 243.66 | -105.42 | 14.96 | |
| 2013-09-30 | 222.90 | -115.86 | 13.36 | |
| 2013-06-30 | 177.05 | -119.97 | 13.07 | |
| 2013-03-31 | 117.47 | -96.19 | 12.40 | |
| 2012-12-31 | 130.68 | -73.19 | 14.70 | |
| 2012-09-30 | 110.64 | -58.31 | 17.34 | |
| 2012-06-30 | 111.36 | -72.64 | 16.57 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Nordic American Tankers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Nordic American Tankers has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Nordic American Tankers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Nordic American Tankers's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Nordic American Tankers has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
NAT Health
How is Nordic American Tankers's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Nordic American Tankers's finances.
The net worth of a company is the difference between its assets and liabilities.
- Nordic American Tankers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Nordic American Tankers's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Nordic American Tankers Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 602.03 | 436.53 | 49.33 |
| 2018-09-30 | 614.02 | 419.03 | 45.53 |
| 2018-06-30 | 654.71 | 373.78 | 46.48 |
| 2018-03-31 | 684.12 | 384.95 | 36.74 |
| 2017-12-31 | 711.06 | 388.86 | 58.36 |
| 2017-09-30 | 761.87 | 443.87 | 31.15 |
| 2017-06-30 | 811.22 | 443.52 | 34.00 |
| 2017-03-31 | 847.32 | 443.17 | 45.64 |
| 2016-12-31 | 871.05 | 442.82 | 82.17 |
| 2016-09-30 | 936.73 | 442.47 | 151.55 |
| 2016-06-30 | 846.53 | 380.21 | 29.52 |
| 2016-03-31 | 871.85 | 330.00 | 45.20 |
| 2015-12-31 | 880.72 | 324.57 | 29.89 |
| 2015-09-30 | 884.32 | 250.00 | 47.38 |
| 2015-06-30 | 894.38 | 250.00 | 105.51 |
| 2015-03-31 | 878.86 | 250.00 | 82.30 |
| 2014-12-31 | 888.91 | 250.00 | 100.74 |
| 2014-09-30 | 903.48 | 250.00 | 89.26 |
| 2014-06-30 | 926.74 | 250.00 | 154.28 |
| 2014-03-31 | 850.19 | 250.00 | 80.08 |
| 2013-12-31 | 854.98 | 250.00 | 65.68 |
| 2013-09-30 | 817.87 | 250.00 | 90.47 |
| 2013-06-30 | 847.39 | 210.00 | 71.13 |
| 2013-03-31 | 787.71 | 250.00 | 23.64 |
| 2012-12-31 | 809.38 | 250.00 | 56.06 |
| 2012-09-30 | 857.52 | 250.00 | 85.59 |
| 2012-06-30 | 896.44 | 250.00 | 104.71 |
- Nordic American Tankers's level of debt (72.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (29.2% vs 72.5% today).
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.
- Nordic American Tankers has sufficient cash runway for 2.4 years based on current free cash flow.
- Nordic American Tankers has sufficient cash runway for 2.5 years if free cash flow continues to reduce at historical rates of -7.7% each year.
Financial health checks
We assess Nordic American Tankers's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Nordic American Tankers has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
NAT Dividends
What is Nordic American Tankers's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Nordic American Tankers
shares you are expected to receive
$77
in your first year as a dividend.
Dividend Amount
- Nordic American Tankers's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- Nordic American Tankers's dividend is above the markets top 25% of dividend payers in United States of America (3.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 65 Stocks | 3.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | 0.16 | 1.00 |
| 2020-12-31 | 0.26 | 3.00 |
| 2019-12-31 | 0.16 | 1.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-19 | 0.080 | 3.829 |
| 2018-04-27 | 0.040 | 1.732 |
| 2018-01-26 | 0.120 | 5.667 |
| 2017-10-19 | 0.120 | 3.662 |
| 2017-07-21 | 0.400 | 7.533 |
| 2017-05-01 | 1.090 | 16.952 |
| 2017-02-06 | 1.090 | 13.339 |
| 2016-03-23 | 1.590 | 14.502 |
| 2016-02-08 | 1.590 | 11.954 |
| 2015-03-27 | 0.710 | 5.033 |
| 2015-02-09 | 0.710 | 6.807 |
| 2014-01-27 | 0.480 | 5.270 |
| 2013-10-16 | 0.640 | 7.186 |
| 2013-07-09 | 0.640 | 7.544 |
| 2013-04-16 | 0.640 | 7.602 |
| 2013-01-17 | 0.640 | 6.873 |
| 2012-11-15 | 1.200 | 13.580 |
| 2012-08-07 | 1.200 | 11.844 |
| 2012-05-07 | 1.200 | 9.326 |
| 2012-02-13 | 1.200 | 8.356 |
| 2011-11-07 | 1.200 | 9.082 |
| 2011-08-08 | 1.200 | 7.690 |
| 2011-05-09 | 1.200 | 5.426 |
| 2011-02-14 | 1.000 | 4.135 |
| 2010-11-08 | 1.000 | 3.878 |
| 2010-08-06 | 2.400 | 8.835 |
| 2010-05-10 | 2.400 | 8.359 |
| 2010-02-12 | 1.000 | 3.299 |
| 2009-11-09 | 0.400 | 1.293 |
| 2009-08-07 | 2.000 | 6.770 |
| 2009-05-05 | 3.520 | 10.899 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Nordic American Tankers's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Nordic American Tankers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Nordic American Tankers has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
NAT Management
CEO
| AGE | 70 |
| TENURE AS CEO | 24.3 years |
CEO Bio
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 Chairman and Director of Nordic American Offshore Ltd. since October 17, 2013 until December 11, 2018. Mr. Hansson served as the President at Nordic American Offshore Ltd. Mr. Hansson served President at Nordic American Tankers Limited since July 1995. Mr. Hansson served as President and Chief Executive Officer of Scandic American Shipping Ltd., the Manager of Nordic American Tanker Ltd. since September 1993. He served as Chief Executive Officer of Nordic American Offshore Ltd. He served as President and Chief Executive Officer of Ugland Nordic Shipping ASA (the former manager of Nordic American Tanker Shipping Ltd. from September 1993 to 2001. He served as Interim Chief Executive Officer of Nordic American Offshore Ltd., since October 17, 2013. He served as an Officer of the Anders Jahre/Kosmos Group from 1980 to 1989 and served as Chief Financial Officer from 1983 to 1988. He has been involved in various aspects of the shipping industry and international finance since 1970 and served as Chief Economist of Intertanko, the International Association of Independent Tanker Owners, from 1975 to 1980. He serves as Chairman of Burma Shipping & Investment AS. Mr. Hansson has been Chairman of Nordic American Tankers limited since 1995. He served as Deputy Chairman of Nordic American Tanker Shipping Ltd. He served as Chairman of the Board of Ugland Nordic Shipping ASA from June 1989 to September 1993. He serves as a Director of Gard P. & I. (Bermuda) Ltd. He has been a Director of Nordic American Tankers Limited since July 1995. He served as a Member of Supervisory Board of Vital Forsikring ASA and DNB Bank ASA. He served as Member of Supervisory Board of DnB NOR ASA (alternate name Dnb Holding ASA). He served as a Director of Ugland Nordic Shipping ASA since June 1989. He served as a Representative Director of Vital Forsikring ASA. He served as a Representative Director and Member of the Supervisory Board at DNB Livsforsikring ASA. He served as a Member of Supervisory Board at DNB ASA. He served as a Member of the Council at Stiftelsen Det Norske Veritas. Mr. Hansson holds M.B.A. from Norwegian School of Economic and Business Administration and education from Harvard Business School, Harvard University.
CEO Compensation
- Insufficient data for Herbjørn to compare compensation growth.
- Insufficient data for Herbjørn to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Nordic American Tankers management team in years:
- The average tenure for the Nordic American Tankers management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Herbjørn Hansson
Founder
70
24.3 yrs
Bjørn Giaever
CFO & Secretary
51
1.5 yrs
Jan Møller
Head of Investor Relations and Financial Manager
33
Jan Langangen
Advisor & Director
68
Erik Tomstad
Executive Vice President of Chartering
John Bernander
Advisor to Chairman
60
6.8 yrs
Marianne Lie
Advisor to Chairman
56
9.8 yrs
Board of Directors Tenure
Average tenure and age of the Nordic American Tankers board of directors in years:
- The average tenure for the Nordic American Tankers board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Herbjørn Hansson
Founder
70
24.3 yrs
Andreas Ugland
Vice Chairman
63
22.3 yrs
Jan Langangen
Advisor & Director
68
8.8 yrs
Richard H. Vietor
Director
72
11.8 yrs
Jim Kelly
Director
65
8.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Nordic American Tankers's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Nordic American Tankers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
NAT News
Simply Wall St News
Is Nordic American Tankers Limited's (NYSE:NAT) Balance Sheet Strong Enough To Weather A Storm?
While small-cap stocks, such as Nordic American Tankers Limited (NYSE:NAT) with its market cap of US$335.05m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.
Simply Wall St - – Full articleShould You Be Concerned About Nordic American Tankers Limited's (NYSE:NAT) Investors?
In this analysis, my focus will be on developing a perspective on Nordic American Tankers Limited’s (NYSE:NAT) latest ownership structure, a less discussed, but important factor. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … View our latest analysis for Nordic American Tankers
Simply Wall St - – Full articleIs Nordic American Tankers Limited's (NYSE:NAT) Balance Sheet A Threat To Its Future?
Investors are always looking for growth in small-cap stocks like Nordic American Tankers Limited (NYSE:NAT), with a market cap of US$369.12m. … However, an important fact which most ignore is: how financially healthy is the business?
Simply Wall St - – Full articleShould You Buy Nordic American Tankers Limited (NYSE:NAT)?
Two major red flags for NAT are its high level of debt at 0.55x equity, and its low level of cash generated from its core operating activities, covering a mere 8.16% of debt. … Or the very least, reduce debt to a more prudent level if cash generated from operating activities is insufficient to cushion for potential future headwinds. … NAT has managed its cash well at a current level of US$58.36M.
Simply Wall St - – Full articleIs It The Right Time To Buy Nordic American Tankers Limited (NYSE:NAT)?
Nordic American Tankers Limited (NYSE:NAT), an energy company based in Bermuda, saw a decent share price growth in the teens level on the NYSE over the last few months. … Great news for investors – Nordic American Tankers is still trading at a fairly cheap price. … Nordic American Tankers’s share price also seems relatively stable compared to the rest of the market, as indicated by its low beta.
Simply Wall St - – Full articleAre Nordic American Tankers Limited's (NYSE:NAT) Interest Costs Too High?
Moreover, NAT has produced US$127.79M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 28.86%, signalling that NAT’s operating cash is sufficient to cover its debt. … Looking at NAT’s most recent US$21.53M liabilities, it appears that the company has been able to meet these obligations given the level of current assets of US$163.71M, with a current ratio of 7.61x. … NYSE:NAT Historical Debt Feb 12th 18 Is NAT’s debt level acceptable?
Simply Wall St - – Full articleDoes Nordic American Tankers Limited's (NAT) Debt Level Pose A Serious Problem?
NAT's debt-to-equity ratio stands at 54.67%, which means, while the company’s debt could pose a problem for its earnings stability, it is not at an alarmingly high level yet. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue. … Although short-term liquidity isn't a concern, NAT's large debt ratio on top of poor cash coverage may not be what you're after in an investment.
Simply Wall St - – Full articleNAT Company Info
Description
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 1995 and is based in Hamilton, Bermuda.
Details
| Name: | Nordic American Tankers Limited |
| NAT | |
| Exchange: | NYSE |
| Founded: | 1995 |
| $295,251,145 | |
| 141,947,666 | |
| Website: | http://www.nat.bm |
| Address: |
Nordic American Tankers Limited LOM Building, 27 Reid Street, Hamilton, HM 11, Bermuda |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | NAT | Common Shares | New York Stock Exchange | US | USD | 30. Sep 1997 | |
| DB | B3O | Common Shares | Deutsche Boerse AG | DE | EUR | 30. Sep 1997 | |
| LSE | 0UC0 | Common Shares | London Stock Exchange | GB | USD | 30. Sep 1997 |
Number of employees
Current staff
Industry
| Oil and Gas Storage and Transportation | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/26 01:50 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/24 |
| Last earnings filing: | 2019/04/16 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
