TSAKOS ENERGY NAVIGATION LIMITED Financials Tsakos Energy Navigation Limited
Equities
TNP
BMG9108L1735
Oil & Gas Transportation Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.91 USD | +2.21% |
|
+4.81% | +16.61% |
| Mar. 27 | Transcript : Tsakos Energy Navigation Limited, Q4 2023 Earnings Call, Mar 27, 2024 | |
| Mar. 27 | Earnings Flash (TNP) TSAKOS ENERGY NAVIGATION Posts Q4 EPS $0.85 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 390.7 | 151 | 166.5 | 484.7 | 655.6 | 764.5 | - | - |
| Enterprise Value (EV) 1 | 390.7 | 151 | 166.5 | 484.7 | 655.6 | 1,679 | 1,474 | 764.5 |
| P/E ratio | - | - | - | - | 2.46 x | - | - | - |
| Yield | - | - | 2.76% | 1.48% | - | 3.47% | 3.47% | 3.86% |
| Capitalization / Revenue | 828,393 x | 302,631 x | 478,381 x | 745,122 x | 893,400 x | - | 877,271 x | 789,370 x |
| EV / Revenue | 828,393 x | 302,631 x | 478,381 x | 745,122 x | 893,400 x | - | 1,692,014 x | 789,370 x |
| EV / EBITDA | 1.52 x | 0.57 x | 1.44 x | 1.22 x | 1.34 x | 2.85 x | 2.44 x | 1.11 x |
| EV / FCF | 4.76 x | 1.36 x | 3.69 x | - | - | 5.77 x | 5.5 x | - |
| FCF Yield | 21% | 73.4% | 27.1% | - | - | 17.3% | 18.2% | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 17,923 | 18,801 | 22,997 | 28,630 | 29,506 | 29,506 | - | - |
| Reference price 2 | 21.80 | 8.030 | 7.240 | 16.93 | 22.22 | 25.91 | 25.91 | 25.91 |
| Announcement Date | 3/24/20 | 3/24/21 | 4/14/22 | 3/16/23 | 3/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 471.6 | 498.9 | 348 | 650.5 | 733.8 | - | 871.4 | 968.5 |
| EBITDA 1 | 256.9 | 266.9 | 115.4 | 395.7 | 490.4 | 590.2 | 603.5 | 689.9 |
| EBIT | 117.5 | 131.9 | -27.67 | 256.4 | 391.5 | - | 414.9 | 496.5 |
| Operating Margin | 24.9% | 26.44% | -7.95% | 39.41% | 53.35% | - | 47.61% | 51.27% |
| Earnings before Tax (EBT) | - | - | - | - | 266.7 | - | - | - |
| Net income | - | - | -150.6 | - | 266.7 | - | - | - |
| Net margin | - | - | -43.27% | - | 36.35% | - | - | - |
| EPS | - | - | - | - | 9.040 | - | - | - |
| Free Cash Flow 1 | 82.14 | 110.8 | 45.11 | - | - | 291 | 268 | - |
| FCF margin | 17.42% | 22.21% | 12.96% | - | - | - | 30.75% | - |
| FCF Conversion (EBITDA) | 31.98% | 41.51% | 39.07% | - | - | 49.31% | 44.41% | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | 0.2000 | 0.2500 | - | 0.9000 | 0.9000 | 1.000 |
| Announcement Date | 3/24/20 | 3/24/21 | 4/14/22 | 3/16/23 | 3/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 77.45 | 90.03 | 101.5 | 154 | 170.9 | 224.1 | 215.3 | 182.6 | 152.4 | 183.6 | 200 | 196 | 187 | 263 |
| EBITDA 1 | 19.54 | 29.16 | 42.17 | 91.09 | 103.1 | 159.4 | - | 120.2 | 91.57 | 123.6 | 138 | 134 | 126 | 201 |
| EBIT 1 | -16.34 | -6.484 | 9.569 | 57.37 | 67 | 122.4 | - | 82.56 | 53.01 | 56.78 | 99 | 95 | 86 | 162 |
| Operating Margin | -21.09% | -7.2% | 9.43% | 37.26% | 39.2% | 54.62% | - | 45.22% | 34.78% | 30.93% | 49.5% | 48.47% | 45.99% | 61.6% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | 25.01 | - | - | - | - |
| Net income | -25.01 | -101.2 | - | - | - | - | - | - | - | 25.01 | - | - | - | - |
| Net margin | -32.29% | -112.45% | - | - | - | - | - | - | - | 13.63% | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | 0.8500 | - | - | - | - |
| Dividend per Share 2 | - | 0.1000 | - | 0.1000 | - | - | - | - | - | - | 0.5000 | - | 0.5000 | - |
| Announcement Date | 12/16/21 | 4/14/22 | 6/30/22 | 9/14/22 | 11/22/22 | 3/16/23 | 5/30/23 | 9/7/23 | 11/21/23 | 3/27/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 915 | 710 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 1.55 x | 1.176 x | - |
| Free Cash Flow 1 | 82.1 | 111 | 45.1 | - | - | 291 | 268 | - |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 10.40 | 10.90 | 2.700 | 10.20 | 13.40 | 14.40 | 15.40 | 19.10 |
| Capex 1 | 102 | 94.6 | 61.2 | - | - | 480 | 275 | 98.2 |
| Capex / Sales | 21.67% | 18.97% | 17.59% | - | - | - | 31.53% | 10.14% |
| Announcement Date | 3/24/20 | 3/24/21 | 4/14/22 | 3/16/23 | 3/27/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
25.91
USD
Average target price
35
USD
Spread / Average Target
+35.08%
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +16.61% | 764M | |
| +20.49% | 9.03B | |
| +18.70% | 5.3B | |
| +19.69% | 3.63B | |
| +21.22% | 2.7B | |
| +36.43% | 2.53B | |
| +17.33% | 1.86B | |
| +2.31% | 1.85B | |
| -10.01% | 1.41B | |
| +49.36% | 1.21B |
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