| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
TK Stock Overview
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide.
Teekay Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$3.70 |
| 52 Week High | US$4.01 |
| 52 Week Low | US$2.54 |
| Beta | 0.90 |
| 1 Month Change | 26.71% |
| 3 Month Change | 12.12% |
| 1 Year Change | 41.22% |
| 3 Year Change | -0.80% |
| 5 Year Change | -60.39% |
| Change since IPO | -68.17% |
Recent News & Updates
Teekay Non-GAAP EPS of $0.05, revenue of $280.79M
Teekay press release (NYSE:TK): Q2 Non-GAAP EPS of $0.05. Revenue of $280.79M (+83.3% Y/Y). Total adjusted EBITDA of $50.6M in the second quarter of 2022. Teekay Tankers secured strong third quarter-to-date spot tanker rates of $29,600 per day for its Suezmax fleet, $35,600 per day for its Aframax fleet, and $35,400 per day for its LR2 fleet, which are three to five times higher compared to the third quarter of 2021.
Shareholder Returns
| TK | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | 9.8% | 2.3% | 1.4% |
| 1Y | 41.2% | 73.4% | -8.4% |
Return vs Industry: TK underperformed the US Oil and Gas industry which returned 64.7% over the past year.
Return vs Market: TK exceeded the US Market which returned -9% over the past year.
Price Volatility
| TK volatility | |
|---|---|
| TK Average Weekly Movement | 5.9% |
| Oil and Gas Industry Average Movement | 8.9% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: TK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TK's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1973 | 4,795 | Kenneth Hvid | https://www.teekay.com |
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels.
Teekay Fundamentals Summary
| TK fundamental statistics | |
|---|---|
| Market Cap | US$376.93m |
| Earnings (TTM) | -US$111.29m |
| Revenue (TTM) | US$838.32m |
0.4x
P/S Ratio-3.4x
P/E RatioIs TK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TK income statement (TTM) | |
|---|---|
| Revenue | US$838.32m |
| Cost of Revenue | US$715.19m |
| Gross Profit | US$123.14m |
| Other Expenses | US$234.43m |
| Earnings | -US$111.29m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.09 |
| Gross Margin | 14.69% |
| Net Profit Margin | -13.28% |
| Debt/Equity Ratio | 7.3% |
How did TK perform over the long term?
See historical performance and comparisonValuation
Is TK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TK?
Other financial metrics that can be useful for relative valuation.
| What is TK's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$376.93m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.5x |
| Enterprise Value/EBITDA | 42x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does TK's PS Ratio compare to its peers?
| TK PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.7x | ||
BKEP Blueknight Energy Partners | 1.6x | n/a | US$199.7m |
NAT Nordic American Tankers | 3.1x | 17.1% | US$574.8m |
ASC Ardmore Shipping | 1.3x | -19.3% | US$363.7m |
TNP Tsakos Energy Navigation | 0.8x | 9.4% | US$438.3m |
TK Teekay | 0.4x | n/a | US$376.9m |
Price-To-Sales vs Peers: TK is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.7x).
Price to Earnings Ratio vs Industry
How does TK's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Sales vs Industry: TK is good value based on its Price-To-Sales Ratio (0.4x) compared to the US Oil and Gas industry average (1.7x)
Price to Sales Ratio vs Fair Ratio
What is TK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.4x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate TK's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of TK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TK ($3.7) is trading above our estimate of fair value ($0.13)
Significantly Below Fair Value: TK is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Teekay forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-9.6%
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.
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- Examine Teekay's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Teekay competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Teekay performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-11.2%
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 11.2% 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 (184.6%).
Return on Equity
High ROE: TK has a negative Return on Equity (-12.35%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Teekay's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: TK's short term assets ($665.7M) exceed its short term liabilities ($264.9M).
Long Term Liabilities: TK's short term assets ($665.7M) exceed its long term liabilities ($599.4M).
Debt to Equity History and Analysis
Debt Level: TK has more cash than its total debt.
Reducing Debt: TK's debt to equity ratio has reduced from 169.5% to 7.3% 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 37.8% per year.
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Dividend
What is Teekay current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: TK is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as TK has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Kenneth Hvid (54 yo)
5.5yrs
Tenure
Mr. Kenneth Hvid serves as Chairman of the Board at Teekay Tankers Ltd. since June 12, 2019. He served as Chairman of Teekay GP LLC at Seapeak LLC.He has been a Director of Teekay Tankers Ltd. since Febru...
Leadership Team
Experienced Management: TK's management team is seasoned and experienced (5.6 years average tenure).
Board Members
Experienced Board: TK's board of directors are considered experienced (4.9 years average tenure).
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 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
- Implied Market Cap: US$376.927m
- Shares outstanding: 101.87m
- Website: https://www.teekay.com
Number of Employees
Location
- Teekay Corporation
- Belvedere Building
- 4th Floor
- Hamilton
- HM 08
- Bermuda
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/18 00:00 |
| End of Day Share Price | 2022/08/18 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.