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Tsakos Energy Navigation Limited (TEN)
:TEN
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Tsakos Energy Navigation
(NYSE:TEN)
82Outperform
Tsakos Energy Navigation (TEN) vs. S&P 500 (SPY)
Market Cap
$407.47M
Dividend Yield10.86%
Average Volume (3M)306.77K
Price to Earnings (P/E)2.7
Beta (1Y)0.67
Revenue Growth-11.02%
EPS Growth-51.66%
CountryUS
Employees77
SectorEnergy
Sector Strength59
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)5.05
Shares Outstanding29,505,604
10 Day Avg. Volume360,522
30 Day Avg. Volume306,773
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.55
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$40.00Price Target Upside189.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Tsakos Energy Navigation Business Overview & Revenue Model
Company DescriptionTsakos Energy Navigation (TEN) is a leading international provider of seaborne crude oil and petroleum product transportation services. Headquartered in Athens, Greece, the company operates a versatile fleet of modern vessels, including crude oil tankers, product tankers, and liquefied natural gas (LNG) carriers. TEN serves major oil companies, refiners, and traders worldwide, ensuring the efficient and safe delivery of energy products across the globe.
How the Company Makes MoneyTsakos Energy Navigation makes money primarily through the chartering of its fleet of tankers to oil companies, refiners, and traders. The company employs various chartering strategies, including spot market charters, time charters, and long-term contracts. Spot charters involve single voyages with rates determined by the current market conditions, whereas time charters involve leasing a vessel for a set period at a predetermined rate. Long-term contracts provide stable and predictable revenue streams by securing fixed income over extended durations. Additionally, TEN's diversified fleet allows it to participate in different shipping segments, enhancing its ability to capitalize on market fluctuations. The company also benefits from strategic partnerships and alliances with major industry players, which help to optimize fleet utilization and secure favorable charter agreements.
Tsakos Energy Navigation Financial Statement Overview
Summary
Tsakos Energy Navigation presents a strong financial profile with robust profitability, solid equity base, and impressive cash flow generation. Despite a slight decrease in revenue, the company's effective cost control and debt-free balance enhance its financial stability and growth potential. Continuous cash flow improvement supports future strategic initiatives.Income Statement
The company demonstrates solid profitability with a high gross profit margin of 52.23% and a net profit margin of 22.57% for TTM (Trailing-Twelve-Months). While the revenue declined slightly by 6.02% from 2023 to TTM, profit margins remain strong, indicating efficient cost management and operational strength. However, the decline in revenue growth needs monitoring.82
Very Positive
Balance Sheet
A strong equity position with an equity ratio of 46.11% and no debt highlights financial stability. Return on Equity (ROE) is robust at 11.02% for TTM, demonstrating effective use of equity to generate profits. Absence of debt enhances financial safety, but limits leverage for expansion.78
Positive
Cash Flow
The company shows impressive free cash flow growth of 222.13% in TTM, reflecting strong cash generation capabilities. The operating cash flow to net income ratio of 1.65 indicates efficient cash conversion from earnings. This stable cash flow provides a strong buffer for future investments and operational needs.85
Very Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 836.04M | 889.57M | 860.40M | 546.12M | 644.13M | 597.45M | Gross Profit |
| 436.57M | 370.01M | 286.65M | 1.46M | 160.96M | 140.97M | EBIT |
| 292.93M | 391.50M | 256.35M | -119.86M | 96.69M | 113.28M | EBITDA |
| 410.75M | 555.78M | 378.37M | 14.82M | 218.00M | 227.46M | Net Income Common Stockholders |
| 188.72M | 300.18M | 204.23M | -151.40M | 24.00M | 15.13M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 193.00M | 372.03M | 304.37M | 117.19M | 160.47M | 564.00M | Total Assets |
| 3.03B | 3.36B | 3.31B | 2.89B | 3.11B | 13.23B | Total Debt |
| 1.34B | 1.60B | 1.67B | 1.47B | 1.57B | 5.65B | Net Debt |
| 1.15B | 1.23B | 1.36B | 1.35B | 1.41B | 5.09B | Total Liabilities |
| 3.06B | 1.71B | 1.79B | 1.60B | 1.73B | 11.61B | Stockholders Equity |
| -54.00M | 1.62B | 1.47B | 1.24B | 1.35B | 1.43B |
| Cash Flow | Free Cash Flow | ||||
| 312.08M | 96.89M | -44.84M | -8.12M | 17.18M | -300.00M | Operating Cash Flow |
| 312.08M | 395.28M | 288.53M | 53.11M | 205.42M | 444.00M | Investing Cash Flow |
| -506.46M | -137.44M | -301.81M | -8.00M | -94.61M | -606.00M | Financing Cash Flow |
| 146.77M | -190.58M | 195.53M | -89.68M | -136.80M | 3.00M |
Tsakos Energy Navigation Technical Analysis
Negative
13.81
Price Trends
16.99
Negative
17.53
Negative
20.72
Negative
Market Momentum
0.03
Negative
53.87
Neutral
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TEN, the sentiment is Negative. The current price of 13.81 is below the 20-day moving average (MA) of 16.48, below the 50-day MA of 16.99, and below the 200-day MA of 20.72, indicating a bearish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 53.87 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TEN.
Tsakos Energy Navigation Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $407.47M | 2.75 | 10.41% | 10.86% | -11.02% | -51.66% | |
77 Outperform | $1.59B | 2.31 | 24.68% | 5.02% | -7.25% | 31.85% | |
74 Outperform | $1.52B | 8.41 | 17.56% | 10.05% | 2.11% | 13.10% | |
74 Outperform | $2.86B | 5.75 | 21.46% | 13.87% | 13.77% | -24.50% | |
68 Neutral | $467.97M | 9.91 | 8.91% | 15.38% | -2.37% | -52.77% | |
63 Neutral | $1.41B | 3.43 | 23.33% | 17.91% | -11.21% | -25.50% | |
57 Neutral | $7.70B | 4.18 | -3.52% | 8.32% | 0.35% | -64.68% |
* Energy Sector Average
Performance Comparison
TEN
Tsakos Energy Navigation
13.81
-10.31
-42.74%
DHT
DHT Holdings
9.45
-1.11
-10.51%
FRO
Frontline
12.83
-8.68
-40.35%
NAT
Nordic American Tanker
2.21
-1.34
-37.75%
STNG
Scorpio Tankers
31.86
-36.99
-53.73%
INSW
International Seaways
28.76
-18.30
-38.89%
Tsakos Energy Navigation Earnings Call Summary
Earnings Call Date: Mar 27, 2025 | % Change Since: -17.11% | Next Earnings Date: Jun 25, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive outlook with significant achievements such as a record fleet expansion and securing a major shuttle tanker deal. Financial performance is strong with robust net income and EBITDA figures. However, there are concerns about the company's share price and increased finance costs. Overall, the positive aspects outweigh the challenges.Highlights
Record Fleet Expansion
Tsakos Energy Navigation (TEN) announced a record 21 vessel expansion, resulting in a fleet pro forma of 82 vessels and $4 billion in contracted fixed revenues.
Milestone Shuttle Tanker Deal
TEN secured a $1.3 billion deal with Transpetro for nine DP2 shuttle tankers, establishing TEN as a leader in the shuttle tanker business.
Strong Financial Performance
TEN reported a net income of $176 million for 2024, equating to $5.03 per common share, and an adjusted EBITDA of $400 million.
High Utilization Rates
The fleet utilization rate was maintained at a healthy 92.5% for 2024, despite the softening market.
Long-term Contracts and Revenue Security
82% of the fleet's contracts are secured revenue contracts, providing stability and predictability in cash flows.
Lowlights
Share Price Concerns
Despite positive financial results, the company's share price is reportedly half of what it was a year ago.
Increased Interest and Finance Costs
Interest and finance costs increased to $112 million in 2024, up from $100 million in 2023, due to higher interest rates.
Operating Challenges
The company faced lower fleet utilization due to scheduled drydockings, impacting operational metrics.
Company Guidance
During the Tsakos Energy Navigation conference call discussing the fourth quarter of 2024 financial results, several key metrics and strategic moves were highlighted. The company reported a fleet expansion to 82 vessels and contracted fixed revenues of $4 billion. A significant milestone was the $1.3 billion deal to build nine DP2 shuttle tankers with Transpetro, securing 15-year employment, which enhances TEN's status among shuttle tanker leaders. The company maintained ample liquidity and funded this transaction without stretching its balance sheet. Despite a fleet utilization drop to 92.5% and a reduced TCE per ship per day of $32,550, TEN achieved a net income of $176 million for 2024, equating to $5.03 per share. The company also highlighted a robust cash position of nearly $350 million and reiterated a $0.60 dividend for July 2025. The strategic divestment of older vessels and the enhancement of their fleet with eco-friendly options were emphasized as part of their growth strategy.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.