NYSE:TK

Stock Analysis Report

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Executive Summary

Teekay Corporation provides oil and gas transportation services worldwide. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Teekay's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: TK's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

11.2%

TK

8.0%

US Oil and Gas

2.8%

US Market


1 Year Return

-48.4%

TK

-31.4%

US Oil and Gas

20.9%

US Market

Return vs Industry: TK underperformed the US Oil and Gas industry which returned -31.4% over the past year.

Return vs Market: TK underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

TKIndustryMarket
7 Day11.2%8.0%2.8%
30 Day36.3%30.3%11.1%
90 Day-5.7%6.9%6.5%
1 Year-48.4%-48.4%-26.8%-31.4%23.6%20.9%
3 Year-68.8%-70.2%-34.2%-43.2%47.3%37.6%
5 Year-88.6%-89.6%-21.7%-37.1%94.3%72.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Teekay 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: TK ($2.48) is trading below our estimate of fair value ($403.72)

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


Price To Earnings Ratio

PE vs Industry: TK is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: TK 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 TK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TK is good value based on its PB Ratio (0.5x) compared to the US Oil and Gas industry average (1x).


Next Steps

Future Growth

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

57.5%

Forecasted Energy 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 Teekay 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 Teekay performed over the past 5 years?

-33.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TK is currently unprofitable.

Growing Profit Margin: TK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TK is unprofitable, and losses have increased over the past 5 years at a rate of 33.4% per year.

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

Earnings vs Industry: TK is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-29.6%).


Return on Equity

High ROE: TK has a negative Return on Equity (10.22%), as it is currently unprofitable.


Next Steps

Financial Health

How is Teekay's financial position?


Financial Position Analysis

Short Term Liabilities: TK's short term assets ($681.6M) do not cover its short term liabilities ($911.3M).

Long Term Liabilities: TK's short term assets ($681.6M) do not cover its long term liabilities ($3.6B).


Debt to Equity History and Analysis

Debt Level: TK's debt to equity ratio (87.9%) is considered high.

Reducing Debt: TK's debt to equity ratio has reduced from 206.9% to 87.9% over the past 5 years.


Balance Sheet


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 TK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41.4% per year.


Next Steps

Dividend

What is Teekay current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: TK is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Kenneth Hvid (52 yo)

3.67yrs

Tenure

Mr. Kenneth Hvid serves as Chairman of the Board at Teekay Tankers Ltd. since June 12, 2019. He has been a Director of Teekay Tankers Ltd. since February 22, 2017 and Teekay Corporation since June 10, 2019...


Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Hvid
President3.67yrsno datano data
Vincent Lok
Executive VP & CFO13.83yrsno datano data
Ryan Hamilton
Manager of Finance & Investor Relationsno datano datano data
Arthur Bensler
Executive VP22.17yrsno datano data
William Hung
Executive Vice President of Strategic Development4.75yrsno datano data
Ingvild Sæther
President & CEO of Teekay Offshore Group Ltd3.67yrsno datano data
Kevin Mackay
President & CEO of Teekay Tankers Ltd6.42yrsno datano data
Mark Kremin
President & CEO of Teekay Gas Group Ltd3.67yrsno datano data
Peter Evensen
3.83yrsno datano data
Lee Edwards
Financial Analystno datano datano data

4.3yrs

Average Tenure

51.5yo

Average Age

Experienced Management: TK's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kenneth Hvid
President3.67yrsno datano data
Peter Antturi
Independent Director1.42yrsno datano data
Rudolph Krediet
Independent Director3.17yrsno datano data
Alan Semple
Independent Director4.92yrsno datano data
David Schellenberg
Independent Chairman1.42yrsno datano data
Heidi Simon
Independent Director3.17yrsno datano data

2.3yrs

Average Tenure

56yo

Average Age

Experienced Board: TK's board of directors are not considered experienced ( 2.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Teekay Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Teekay Corporation
  • Ticker: TK
  • Exchange: NYSE
  • Founded: 1973
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$250.750m
  • Shares outstanding: 101.11m
  • Website: https://www.teekay.com

Number of Employees


Location

  • Teekay Corporation
  • Bentall 5
  • Suite 2000
  • Vancouver
  • British Columbia
  • V6C 2K2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TKNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1995
TCDDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1995
TK NBMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJul 1995

Biography

Teekay Corporation provides oil and gas transportation services worldwide. It operates liquefied natural gas (LNG) carriers, floating production storage and offloading units, liquefied gas carriers, and co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 00:03
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
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.