company background image
TNP

Tsakos Energy NavigationNYSE:TNP Stock Report

Market Cap

US$165.2m

7D

-3.7%

1Y

15.1%

Updated

26 Oct, 2021

Data

Company Financials +
TNP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends3/6

TNP Overview

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide.

Tsakos Energy Navigation Competitors

Frontline

NYSE:FRO

US$1.8b

Scorpio Tankers

NYSE:STNG

US$891.6m

International Seaways

NYSE:INSW

US$883.3m

Nordic American Tankers

NYSE:NAT

US$405.9m

Price History & Performance

Summary of all time highs, changes and price drops for Tsakos Energy Navigation
Historical stock prices
Current Share PriceUS$9.08
52 Week HighUS$6.75
52 Week LowUS$12.29
Beta0.20
1 Month Change4.37%
3 Month Change19.63%
1 Year Change15.08%
3 Year Change-44.29%
5 Year Change-59.19%
Change since IPO-75.95%

Recent News & Updates

Sep 29

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.

Sep 28
Tsakos Energy Navigation (NYSE:TNP) Could Be At Risk Of Shrinking As A Company

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...

Shareholder Returns

TNPUS Oil and GasUS Market
7D-3.7%1.7%0.9%
1Y15.1%100.9%33.4%

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.

Price Volatility

Is TNP's price volatile compared to industry and market?
TNP volatility
TNP Beta0.20
Industry Beta1.74
Market Beta1

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

FoundedEmployeesCEOWebsite
1993n/aNikolas Tsakoshttps://www.tenn.gr

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

How do Tsakos Energy Navigation's earnings and revenue compare to its market cap?
TNP fundamental statistics
Market CapUS$165.22m
Earnings (TTM)-US$89.07m
Revenue (TTM)US$549.90m

0.3x

P/S Ratio

-1.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TNP income statement (TTM)
RevenueUS$549.90m
Cost of RevenueUS$374.16m
Gross ProfitUS$175.74m
ExpensesUS$264.80m
Earnings-US$89.07m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-4.89
Gross Margin31.96%
Net Profit Margin-16.20%
Debt/Equity Ratio103.4%

How did TNP perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

-12%

Payout Ratio

Valuation

Is Tsakos Energy Navigation undervalued compared to its fair value and its price relative to the market?

0.12x

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).


Future Growth

How is Tsakos Energy Navigation forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

104.2%

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


Past Performance

How has Tsakos Energy Navigation performed over the past 5 years?

-36.5%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Tsakos Energy Navigation current dividend yield, its reliability and sustainability?

6.61%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

26.8yrs

Average management tenure


CEO

Nikolas Tsakos (58 yo)

28.08yrs

Tenure

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...


Leadership Team

Experienced Management: TNP's management team is seasoned and experienced (26.8 years average tenure).


Board Members

Experienced Board: TNP's board of directors are seasoned and experienced ( 12.4 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

Tsakos Energy Navigation Limited's employee growth, exchange listings and data sources


Key Information

  • 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

Location

  • Tsakos Energy Navigation Limited
  • 367 Syngrou Avenue
  • P. Faliro
  • Athens
  • 175 64
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:36
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.