NYSE:TK

Stock Analysis Report

Executive Summary

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Risks

  • Teekay has significant price volatility in the past 3 months.
  • Teekay is not covered by any analysts.

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


Market Performance


7 Day Return

9.6%

NYSE:TK

-1.0%

US Oil and Gas

0.2%

US Market


1 Year Return

-45.6%

NYSE:TK

-22.7%

US Oil and Gas

-0.7%

US Market

TK underperformed the Oil and Gas industry which returned -21.5% over the past year.

TK underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

TKIndustryMarket
7 Day9.6%-1.0%0.2%
30 Day-15.3%-8.5%-2.7%
90 Day-10.5%-9.5%1.6%
1 Year-44.3%-45.6%-19.9%-22.7%1.6%-0.7%
3 Year-43.9%-48.0%-7.1%-15.4%40.0%30.9%
5 Year-92.7%-93.7%-33.5%-42.5%53.8%36.8%

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 based on future cash flows and its price relative to the stock market?

0.57x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Teekay to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Teekay to establish if it is available at substantial discount.


Price Based on Earnings

Teekay is loss making, we can't compare its value to the US Oil and Gas industry average.

Teekay is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Teekay, we can't assess if its growth is good value.


Price Based on Value of Assets

Teekay is good value based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

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

14.0%

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?

-19.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Teekay does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Teekay's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Teekay's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Teekay has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Teekay used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Teekay improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Teekay's financial position?


Financial Position Analysis

Teekay's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Teekay's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Teekay's level of debt (110%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (232.7% vs 110% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


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.

Teekay has sufficient cash runway for 1.1 years based on current free cash flow.

Teekay has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 31% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Teekay's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Teekay's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Teekay has not reported any payouts.

Unable to verify if Teekay's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Teekay has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Teekay's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Kenneth Hvid (51yo)

2.5yrs

Tenure

0

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 ...


Management Age and Tenure

3.0yrs

Average Tenure

50.5yo

Average Age

The tenure for the Teekay management team is about average.


Board Age and Tenure

1.9yrs

Average Tenure

57yo

Average Age

The average tenure for the Teekay board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Peter Evensen (60yo)

    • Tenure: 2.6yrs
  • Art Bensler (61yo)

    Executive VP

    • Tenure: 20.9yrs
  • Vince Lok (51yo)

    Executive VP & CFO

    • Tenure: 12.6yrs
  • Kenneth Hvid (51yo)

    President

    • Tenure: 2.5yrs
  • Mark Kremin (48yo)

    President & CEO of Teekay Gas Group Ltd

    • Tenure: 2.5yrs
  • Ingvild Sæther (50yo)

    President & CEO of Teekay Offshore Group Ltd

    • Tenure: 2.5yrs
  • Kevin Mackay (50yo)

    President & CEO of Teekay Tankers Ltd

    • Tenure: 5.2yrs
  • William Hung (47yo)

    Executive Vice President of Strategic Development

    • Tenure: 3.5yrs
  • Ryan Hamilton

    Manager of Finance & Investor Relations

    • Tenure: 0.0yrs
  • Lee Edwards

    Financial Analyst

    • Tenure: 0.0yrs

Board Members

  • Bjorn Moller (61yo)

    Director

    • Tenure: 21.6yrs
  • Peter Antturi (60yo)

    Director

    • Tenure: 0.2yrs
  • Rudolph Krediet

    Director

    • Tenure: 1.9yrs
  • Alan Semple (59yo)

    Director

    • Tenure: 3.7yrs
  • Kenneth Hvid (51yo)

    President

    • Tenure: 2.5yrs
  • David Schellenberg (55yo)

    Chairman

    • Tenure: 0.2yrs
  • Heidi Simon (51yo)

    Director

    • Tenure: 1.9yrs

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$378.630m
  • Shares outstanding: 100.70m
  • Website: https://www.teekay.com

Number of Employees


Location

  • Teekay Corporation
  • Belvedere Building
  • 4th Floor
  • Hamilton
  • HM 08
  • Bermuda

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 crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers; floating produ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:48
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.