Teekay Tankers
Market Cap
US$388.7m
Last Updated
2021/01/19 23:44 UTC
Data Sources
Company Financials +
Executive Summary
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 45.5% per year for the next 3 years
Snowflake Analysis
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has Teekay Tankers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TNK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: TNK's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-3.4%
TNK
0.6%
US Oil and Gas
0.3%
US Market
1 Year Return
-45.6%
TNK
-24.0%
US Oil and Gas
21.1%
US Market
Return vs Industry: TNK underperformed the US Oil and Gas industry which returned -26.7% over the past year.
Return vs Market: TNK underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| TNK | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | 0.6% | 0.3% |
| 30 Day | 1.4% | 12.4% | 3.3% |
| 90 Day | 12.6% | 45.0% | 14.2% |
| 1 Year | -45.6%-45.6% | -18.9%-24.0% | 23.8%21.1% |
| 3 Year | 10.3%7.5% | -32.2%-41.4% | 45.0%35.4% |
| 5 Year | -62.0%-68.4% | 1.7%-18.3% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is Teekay Tankers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
What Kind Of Shareholders Own Teekay Tankers Ltd. (NYSE:TNK)?3 weeks ago | Simply Wall St
Teekay Tankers Ltd. (NYSE:TNK) Shares Could Be 48% Below Their Intrinsic Value Estimate2 months ago | Simply Wall St
Teekay Tankers' (NYSE:TNK) Stock Price Has Reduced 80% In The Past Five YearsValuation
Is Teekay Tankers undervalued compared to its fair value and its price relative to the market?
47.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TNK ($11.52) is trading below our estimate of fair value ($21.75)
Significantly Below Fair Value: TNK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TNK is good value based on its PE Ratio (1.7x) compared to the US Oil and Gas industry average (10.2x).
PE vs Market: TNK is good value based on its PE Ratio (1.7x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: TNK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TNK is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (1.1x).
Next Steps
Future Growth
How is Teekay Tankers forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-45.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNK's earnings are forecast to decline over the next 3 years (-45.5% per year).
Earnings vs Market: TNK's earnings are forecast to decline over the next 3 years (-45.5% per year).
High Growth Earnings: TNK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TNK's revenue is expected to decline over the next 3 years (-25.7% per year).
High Growth Revenue: TNK's revenue is forecast to decline over the next 3 years (-25.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TNK's Return on Equity is forecast to be low in 3 years time (3.9%).
Next Steps
Past Performance
How has Teekay Tankers performed over the past 5 years?
-6.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TNK has high quality earnings.
Growing Profit Margin: TNK became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TNK's earnings have declined by 6.8% per year over the past 5 years.
Accelerating Growth: TNK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TNK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-32.7%).
Return on Equity
High ROE: TNK's Return on Equity (19.4%) is considered low.
Next Steps
Financial Health
How is Teekay Tankers's financial position?
Financial Position Analysis
Short Term Liabilities: TNK's short term assets ($251.5M) exceed its short term liabilities ($156.0M).
Long Term Liabilities: TNK's short term assets ($251.5M) do not cover its long term liabilities ($604.2M).
Debt to Equity History and Analysis
Debt Level: TNK's debt to equity ratio (20.5%) is considered satisfactory.
Reducing Debt: TNK's debt to equity ratio has reduced from 123.7% to 20.5% over the past 5 years.
Debt Coverage: TNK's debt is well covered by operating cash flow (170.6%).
Interest Coverage: TNK's interest payments on its debt are well covered by EBIT (5.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Teekay Tankers's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TNK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TNK'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 TNK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TNK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TNK is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TNK'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?
6.6yrs
Average management tenure
CEO
Kevin Mackay (51 yo)
6.58yrs
Tenure
Mr. Kevin J. Mackay has been the Chief Executive Officer and President of Teekay Tankers Ltd. since June 20, 2014. Mr. Mackay joined Teekay in 2014. He has over 20 years experience in the marine energy tra...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 6.58yrs | no data | no data | |
| Chief Financial Officer | 3.08yrs | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Head of Ship Management | no data | no data | no data | |
| Corporate Secretary & Director | 7.58yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data | |
| Director of Research & Commercial Performance | no data | no data | no data |
6.6yrs
Average Tenure
53yo
Average Age
Experienced Management: TNK's management team is seasoned and experienced (6.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Corporate Secretary & Director | 7.58yrs | no data | no data | |
| Independent Director | 13.08yrs | no data | no data | |
| Chairman of the Board | 1.58yrs | no data | no data | |
| Independent Director | 1.67yrs | no data | no data | |
| Independent Director | 1.58yrs | no data | no data |
1.7yrs
Average Tenure
56yo
Average Age
Experienced Board: TNK's board of directors are not considered experienced ( 1.7 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 Tankers Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Teekay Tankers Ltd.
- Ticker: TNK
- Exchange: NYSE
- Founded: 2007
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$388.663m
- Shares outstanding: 33.74m
- Website: https://www.teekay.com/business/tankers
Number of Employees
Location
- Teekay Tankers Ltd.
- 550 Burrard Street
- Suite 2000
- Vancouver
- British Columbia
- V6C 2K2
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TNK | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Dec 2007 |
| 3TKA | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Dec 2007 |
| 0EAQ | LSE (London Stock Exchange) | Yes | Class A Common Stock | GB | USD | Dec 2007 |
| TNK N | BMV (Bolsa Mexicana de Valores) | Yes | Class A Common Stock | MX | MXN | Dec 2007 |
Biography
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Tanker and Ship-to-ship Transfer (STS). The company offers vo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:44 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.