Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide.
Tsakos Energy Navigation Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.08|
|52 Week High||US$6.75|
|52 Week Low||US$12.29|
|1 Month Change||4.37%|
|3 Month Change||19.63%|
|1 Year Change||15.08%|
|3 Year Change||-44.29%|
|5 Year Change||-59.19%|
|Change since IPO||-75.95%|
Recent News & Updates
Tsakos Energy Navigation Stock: An Option-Like Deep Value Play
Rise of gas prices could act as a catalyst for oil demand and thus more cargoes for oil tankers, should more countries opt for oil-based supplies for their winter needs. TNP is one of the oldest and largest independent transporters of energy in the world with a long-term track record as a publicly listed company. Management continues to pay down debt and repurchase outstanding preferred shares. Dilution hurts minority holders but the common offers the potential for a significant asymmetric return since TNP trades only at 0.1 of BV.
Tsakos Energy Navigation (NYSE:TNP) Could Be At Risk Of Shrinking As A Company
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
|TNP||US Oil and Gas||US Market|
Return vs Industry: TNP underperformed the US Oil and Gas industry which returned 97.8% over the past year.
Return vs Market: TNP underperformed the US Market which returned 33.4% over the past year.
Stable Share Price: TNP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: TNP's weekly volatility (7%) has been stable over the past year.
About the Company
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 2, 2021, it operated a fleet of 66 double-hull vessels, comprising of 61 conventional tankers, two LNG carriers, and three suezmax DP2 shuttle tankers.
Tsakos Energy Navigation Fundamentals Summary
|TNP fundamental statistics|
Is TNP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TNP income statement (TTM)|
|Cost of Revenue||US$374.16m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-4.89|
|Net Profit Margin||-16.20%|
How did TNP perform over the long term?See historical performance and comparison
6.6%Current Dividend Yield
Is Tsakos Energy Navigation undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: TNP ($9.08) is trading above our estimate of fair value ($4.74)
Significantly Below Fair Value: TNP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TNP is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.
PE vs Market: TNP 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 TNP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TNP is good value based on its PB Ratio (0.1x) compared to the US Oil and Gas industry average (2.1x).
How is Tsakos Energy Navigation forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TNP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: TNP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TNP's is expected to become profitable in the next 3 years.
Revenue vs Market: TNP's revenue (13.3% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: TNP's revenue (13.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TNP's Return on Equity is forecast to be high in 3 years time
How has Tsakos Energy Navigation performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TNP is currently unprofitable.
Growing Profit Margin: TNP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TNP is unprofitable, and losses have increased over the past 5 years at a rate of 36.5% per year.
Accelerating Growth: Unable to compare TNP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TNP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18.6%).
Return on Equity
High ROE: TNP has a negative Return on Equity (-3.88%), as it is currently unprofitable.
How is Tsakos Energy Navigation's financial position?
Financial Position Analysis
Short Term Liabilities: TNP's short term assets ($138.9M) do not cover its short term liabilities ($382.0M).
Long Term Liabilities: TNP's short term assets ($138.9M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: TNP's debt to equity ratio (103.4%) is considered high.
Reducing Debt: TNP's debt to equity ratio has reduced from 110.2% to 103.4% over the past 5 years.
Debt Coverage: TNP's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: TNP's interest payments on its debt are not well covered by EBIT (0.5x coverage).
What is Tsakos Energy Navigation current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TNP's dividend (6.61%) is higher than the bottom 25% of dividend payers in the US market (1.27%).
High Dividend: TNP's dividend (6.61%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: TNP's dividend payments have been volatile in the past 10 years.
Growing Dividend: TNP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: TNP is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: TNP's dividends in 3 years are forecast to be thoroughly covered by earnings (4.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nikolas Tsakos (58 yo)
Mr. Nikolas P. Tsakos is a Member of the well-known family of ship-owners from Kardamilon, Chios. From 1981 to 1987, he was employed at Tsakos Shipping and Trading Ltd in the USA, with a focus on the energ...
Experienced Management: TNP's management team is seasoned and experienced (26.8 years average tenure).
Experienced Board: TNP's board of directors are seasoned and experienced ( 12.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tsakos Energy Navigation Limited's employee growth, exchange listings and data sources
- Name: Tsakos Energy Navigation Limited
- Ticker: TNP
- Exchange: NYSE
- Founded: 1993
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$165.218m
- Shares outstanding: 18.20m
- Website: https://www.tenn.gr
- Tsakos Energy Navigation Limited
- 367 Syngrou Avenue
- P. Faliro
- 175 64
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 22:36|
|End of Day Share Price||2021/10/26 00:00|
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.