NYSE:NAT

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Nordic American Tankers

Executive Summary

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. More Details


Snowflake Analysis

Good 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.7%

NAT

-1.1%

US Oil and Gas

-1.1%

US Market


1 Year Return

-17.0%

NAT

-47.4%

US Oil and Gas

15.6%

US Market

Return vs Industry: NAT exceeded the US Oil and Gas industry which returned -45.8% over the past year.

Return vs Market: NAT underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

NATIndustryMarket
7 Day-7.7%-1.1%-1.1%
30 Day-10.6%-0.04%4.2%
90 Day-31.4%-17.9%6.3%
1 Year-7.6%-17.0%-44.2%-47.4%18.2%15.6%
3 Year-12.9%-29.5%-47.3%-54.2%39.6%30.4%
5 Year-70.1%-79.7%-46.5%-56.8%79.5%59.2%

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

Valuation

Is Nordic American Tankers 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: NAT ($3.13) is trading below our estimate of fair value ($9.93)

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


Price To Earnings Ratio

PE vs Industry: NAT is good value based on its PE Ratio (5.2x) compared to the US Oil and Gas industry average (7.4x).

PE vs Market: NAT is good value based on its PE Ratio (5.2x) compared to the US market (19.1x).


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's PB Ratio (0.7x) is in line with the US Oil and Gas industry average.


Next Steps

Future Growth

How is Nordic American Tankers forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-13.2%

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 (-13.2% per year).

Earnings vs Market: NAT's earnings are forecast to decline over the next 3 years (-13.2% 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 (-19.6% per year).

High Growth Revenue: NAT's revenue is forecast to decline over the next 3 years (-19.6% 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?

-28.9%

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 -28.9% 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 (-35%).


Return on Equity

High ROE: NAT's Return on Equity (13.8%) 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 ($182.4M) exceed its short term liabilities ($101.3M).

Long Term Liabilities: NAT's short term assets ($182.4M) do not cover its long term liabilities ($318.9M).


Debt to Equity History and Analysis

Debt Level: NAT's debt to equity ratio (58.1%) is considered high.

Reducing Debt: NAT's debt to equity ratio has increased from 28% to 58.1% over the past 5 years.

Debt Coverage: NAT's debt is well covered by operating cash flow (35.2%).

Interest Coverage: NAT's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Nordic American Tankers's current dividend yield, its reliability and sustainability?

4.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NAT's dividend (4.15%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: NAT's dividend (4.15%) is low compared to the top 25% of dividend payers in the US market (4.56%).


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 (71.3%), 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 (128.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average board tenure


CEO

Herbjørn Hansson (72 yo)

25.75yrs

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

NamePositionTenureCompensationOwnership
Herbjørn Hansson
Founder25.75yrsno data2.93%
$ 13.7m
James Kelly
Independent Vice-Chairman0.58yrno datano data
Richard H. Vietor
Director13.25yrsno datano data
David Workman
Director0.92yrno datano data
Alexander Hansson
Director0.92yrno datano data

0.9yrs

Average Tenure

67yo

Average Age

Experienced Board: NAT's board of directors are not considered experienced ( 0.9 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 5%.


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$468.397m
  • Shares outstanding: 149.65m
  • Website: https://www.nat.bm

Number of Employees


Location

  • Nordic American Tankers Limited
  • LOM Building
  • 27 Reid Street
  • Hamilton
  • HM 11
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NATNYSE (New York Stock Exchange)YesCommon SharesUSUSDSep 1997
B3ODB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1997
0UC0LSE (London Stock Exchange)YesCommon SharesGBUSDSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 00:11
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.