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

Imperfect balance sheet and overvalued.


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

18.9%

TK

1.7%

US Oil and Gas

1.3%

US Market


1 Year Return

-26.0%

TK

-21.8%

US Oil and Gas

5.9%

US Market

Return vs Industry: TK underperformed the US Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: TK underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

TKIndustryMarket
7 Day18.9%1.7%1.3%
30 Day9.9%-4.0%-1.9%
90 Day7.9%-8.2%-1.8%
1 Year-24.2%-26.0%-19.0%-21.8%8.3%5.9%
3 Year-32.1%-37.1%-6.0%-14.4%45.6%36.2%
5 Year-90.2%-91.4%-22.5%-33.2%66.1%47.9%

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?

0.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate TK's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate TK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TK is unprofitable, so we can't compare its PE Ratio to the 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

Low 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 (0.7x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

  • Explore potentially undervalued companies in the Energy industry.

Future Growth

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

14.9%

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

Earnings Trend: TK is unprofitable, and losses have increased over the past 5 years at a rate of -19.1% 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 (22.6%).


Return on Equity

High ROE: TK has a negative Return on Equity (-3.88%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TK is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TK is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Teekay's financial position?


Financial Position Analysis

Short Term Liabilities: TK's short term assets ($736.1M) do not cover its short term liabilities ($1.1B)

Long Term Liabilities: TK's short term assets (736.1M) do not cover its long term liabilities (4.4B)


Debt to Equity History and Analysis

Debt Level: TK's debt to equity ratio (110%) is considered high

Reducing Debt: TK's debt to equity ratio has reduced from 232.7% to 110% over the past 5 years.


Balance Sheet

Inventory Level: TK has a high level of physical assets or inventory.

Debt Coverage by Assets: TK's 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.

Stable Cash Runway: TK has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -31% each year


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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 .


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

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

3.2yrs

Average management tenure


CEO

Kenneth Hvid (51yo)

2.7yrs

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

3.2yrs

Average Tenure

50.5yo

Average Age

Experienced Management: TK's management team is considered experienced (3.2 years average tenure).


Board Age and Tenure

2.1yrs

Average Tenure

57yo

Average Age

Experienced Board: TK's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Peter Evensen (60yo)

    • Tenure: 2.8yrs
  • Art Bensler (61yo)

    Executive VP

    • Tenure: 21.1yrs
  • Vince Lok (51yo)

    Executive VP & CFO

    • Tenure: 12.8yrs
  • Kenneth Hvid (51yo)

    President

    • Tenure: 2.7yrs
  • Mark Kremin (48yo)

    President & CEO of Teekay Gas Group Ltd

    • Tenure: 2.7yrs
  • Ingvild Sæther (50yo)

    President & CEO of Teekay Offshore Group Ltd

    • Tenure: 2.7yrs
  • Kevin Mackay (50yo)

    President & CEO of Teekay Tankers Ltd

    • Tenure: 5.3yrs
  • William Hung (47yo)

    Executive Vice President of Strategic Development

    • Tenure: 3.7yrs
  • Ryan Hamilton

    Manager of Finance & Investor Relations

    • Tenure: 0yrs
  • Lee Edwards

    Financial Analyst

    • Tenure: 0yrs

Board Members

  • Bjorn Moller (61yo)

    Director

    • Tenure: 21.8yrs
  • Peter Antturi (60yo)

    Director

    • Tenure: 0.3yrs
  • Rudolph Krediet

    Director

    • Tenure: 2.1yrs
  • Alan Semple (59yo)

    Director

    • Tenure: 3.8yrs
  • Kenneth Hvid (51yo)

    President

    • Tenure: 2.7yrs
  • David Schellenberg (55yo)

    Chairman

    • Tenure: 0.3yrs
  • Heidi Simon (51yo)

    Director

    • Tenure: 2.1yrs

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$493.427m
  • 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 Analysis2019/10/14 23:43
End of Day Share Price2019/10/14 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.