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Teekay Tankers

DB:3TK
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3TK
DB
$576M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Teekay Tankers has significant price volatility in the past 3 months.
3TK Share Price and Events
7 Day Returns
-27.6%
DB:3TK
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
125.3%
DB:3TK
28.1%
DE Oil and Gas
-16.6%
DE Market
3TK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teekay Tankers (3TK) -27.6% 37.2% -29.9% 125.3% 5% -66.9%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 3TK outperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 3TK outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
3TK
Industry
5yr Volatility vs Market

Value

 Is Teekay Tankers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Teekay Tankers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Teekay Tankers.

DB:3TK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3TK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 26.5%) (181.26%))
1.811
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.811 * 5.44%)
9.46%

Discounted Cash Flow Calculation for DB:3TK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Teekay Tankers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:3TK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.46%)
2020 500.95 Analyst x2 457.65
2021 301.76 Analyst x2 251.85
2022 107.00 Analyst x1 81.58
2023 100.95 Est @ -5.65% 70.32
2024 96.84 Est @ -4.07% 61.62
2025 93.97 Est @ -2.97% 54.63
2026 91.91 Est @ -2.19% 48.81
2027 90.39 Est @ -1.65% 43.85
2028 89.24 Est @ -1.27% 39.55
2029 88.34 Est @ -1.01% 35.77
Present value of next 10 years cash flows $1,145.00
DB:3TK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $88.34 × (1 + -0.39%) ÷ (9.46% – -0.39%)
$893.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $893.11 ÷ (1 + 9.46%)10
$361.62
DB:3TK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,145.00 + $361.62
$1,506.62
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,506.62 / 33.62
$44.81
DB:3TK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3TK represents 0.89081x of NYSE:TNK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89081x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 44.81 x 0.89081
€39.92
Value per share (EUR) From above. €39.92
Current discount Discount to share price of €15.50
= -1 x (€15.50 - €39.92) / €39.92
61.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Teekay Tankers is available for.
Intrinsic value
>50%
Share price is €15.5 vs Future cash flow value of €39.92
Current Discount Checks
For Teekay Tankers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Teekay Tankers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Teekay Tankers's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Teekay Tankers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teekay Tankers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3TK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.23
NYSE:TNK Share Price ** NYSE (2020-04-07) in USD $17.4
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Teekay Tankers.

DB:3TK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TNK Share Price ÷ EPS (both in USD)

= 17.4 ÷ 1.23

14.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay Tankers is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Teekay Tankers is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Teekay Tankers's expected growth come at a high price?
Raw Data
DB:3TK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
49.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:3TK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.14x ÷ 49.2%

0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay Tankers is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Teekay Tankers's assets?
Raw Data
DB:3TK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $29.41
NYSE:TNK Share Price * NYSE (2020-04-07) in USD $17.4
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:3TK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TNK Share Price ÷ Book Value per Share (both in USD)

= 17.4 ÷ 29.41

0.59x

* Primary Listing of Teekay Tankers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Teekay Tankers is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Teekay Tankers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Teekay Tankers has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Teekay Tankers expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teekay Tankers expected to grow at an attractive rate?
  • Teekay Tankers's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Teekay Tankers's earnings growth is expected to exceed the Germany market average.
  • Teekay Tankers's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3TK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3TK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 49.2%
DB:3TK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -20%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3TK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3TK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 127
2021-12-31 614 366 237 3
2020-12-31 748 417 274 3
2020-04-07
DB:3TK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 921 118 41
2019-09-30 857 61 -10
2019-06-30 850 47 -8
2019-03-31 820 44 -21
2018-12-31 756 -7 -53
2018-09-30 617 7 -66
2018-06-30 532 26 -71
2018-03-31 469 59 -81
2017-12-31 431 80 -58
2017-09-30 454 94 -47
2017-06-30 472 161 -30
2017-03-31 509 167 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Teekay Tankers's earnings are expected to grow significantly at over 20% yearly.
  • Teekay Tankers's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3TK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Teekay Tankers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3TK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 7.01 11.70 1.50 4.00
2020-12-31 8.63 11.37 4.60 5.00
2020-04-07
DB:3TK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.23
2019-09-30 -0.30
2019-06-30 -0.23
2019-03-31 -0.62
2018-12-31 -1.57
2018-09-30 -2.07
2018-06-30 -2.44
2018-03-31 -3.08
2017-12-31 -2.48
2017-09-30 -2.13
2017-06-30 -1.37
2017-03-31 1.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Teekay Tankers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Teekay Tankers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Teekay Tankers has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Teekay Tankers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Teekay Tankers's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Teekay Tankers's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Teekay Tankers has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Teekay Tankers has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Teekay Tankers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Teekay Tankers Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3TK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 920.97 41.36 36.40
2019-09-30 856.81 -10.21 39.25
2019-06-30 850.42 -7.84 39.26
2019-03-31 819.80 -20.95 39.16
2018-12-31 755.76 -52.55 39.78
2018-09-30 616.71 -65.93 35.94
2018-06-30 532.03 -70.83 34.82
2018-03-31 469.16 -80.89 33.78
2017-12-31 431.18 -58.02 32.88
2017-09-30 453.71 -47.06 30.89
2017-06-30 472.02 -29.92 31.48
2017-03-31 509.38 32.56 32.62
2016-12-31 550.54 67.82 33.20
2016-09-30 606.42 115.22 46.60
2016-06-30 623.27 161.67 42.70
2016-03-31 573.24 176.92 23.35
2015-12-31 525.48 180.92 30.40
2015-09-30 435.55 144.70 14.57
2015-06-30 362.62 109.35 13.15
2015-03-31 290.44 69.70 13.10
2014-12-31 267.08 65.51 25.13
2014-09-30 190.71 51.01 11.60
2014-06-30 176.72 30.56 12.03
2014-03-31 172.93 20.25 12.23
2013-12-31 172.34 -8.14 13.52
2013-09-30 164.85 -378.84 12.63
2013-06-30 168.57 -373.91 11.25

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Teekay Tankers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Teekay Tankers used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Teekay Tankers's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Teekay Tankers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Teekay Tankers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Teekay Tankers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Teekay Tankers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Teekay Tankers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Teekay Tankers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Teekay Tankers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Teekay Tankers Company Filings, last reported 3 months ago.

DB:3TK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 989.92 609.68 88.82
2019-09-30 926.29 659.01 77.90
2019-06-30 945.90 608.23 37.08
2019-03-31 960.05 716.31 77.90
2018-12-31 946.93 735.41 57.82
2018-09-30 935.21 807.08 57.73
2018-06-30 952.47 933.82 51.15
2018-03-31 979.74 945.30 50.28
2017-12-31 1,006.60 952.34 72.46
2017-09-30 862.43 646.05 60.81
2017-06-30 889.97 822.17 87.34
2017-03-31 932.42 846.02 47.62
2016-12-31 932.74 934.12 94.16
2016-09-30 910.67 973.32 59.24
2016-06-30 925.32 1,053.88 58.02
2016-03-31 916.83 1,095.04 68.37
2015-12-31 899.48 1,175.14 156.52
2015-09-30 838.28 1,035.75 80.58
2015-06-30 582.82 689.91 83.08
2015-03-31 505.02 729.22 40.51
2014-12-31 478.28 726.79 162.80
2014-09-30 326.02 659.73 46.37
2014-06-30 312.69 632.30 21.76
2014-03-31 310.66 789.16 27.14
2013-12-31 284.67 769.90 161.71
2013-09-30 272.67 772.92 143.26
2013-06-30 289.68 756.94 160.55
  • Teekay Tankers's level of debt (61.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (151.9% vs 61.6% today).
  • Debt is not well covered by operating cash flow (19.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Teekay Tankers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Teekay Tankers has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Teekay Tankers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Teekay Tankers dividends. Estimated to be 0% next year.
If you bought €2,000 of Teekay Tankers shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Teekay Tankers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Teekay Tankers's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3TK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3TK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 3.00
2020-04-07
DB:3TK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.000 0.000
2019-11-22 0.000 0.000
2019-11-13 0.000 0.000
2019-08-15 0.000 0.000
2019-08-01 0.000 0.000
2019-05-29 0.000 0.000
2019-05-23 0.000 0.000
2019-04-10 0.000 0.000
2019-02-21 0.000 0.000
2018-11-30 0.000 0.000
2018-11-15 0.000 0.000
2018-08-23 0.000 0.000
2018-08-02 0.000 0.000
2018-05-31 0.000 0.000
2018-05-17 0.000 0.000
2018-02-22 0.960 10.251
2017-11-09 0.960 8.817
2017-10-06 1.680 13.225
2017-04-26 1.680 12.326
2017-02-23 1.680 9.804
2015-12-14 3.840 15.659
2015-10-05 0.960 1.613
2015-07-06 0.960 1.784
2015-04-06 0.960 1.790
2015-01-02 0.960 2.118
2014-10-03 0.960 2.828
2014-07-03 0.960 2.954
2014-04-04 0.960 3.261
2014-02-20 0.960 2.939
2013-04-30 0.960 4.141
2013-02-21 0.960 4.633
2012-08-09 4.240 16.258
2012-02-07 5.760 15.929
2011-02-23 9.920 20.258
2010-02-24 11.200 11.682
2009-11-12 4.800 6.844
2009-08-17 12.800 18.690
2009-05-14 18.880 23.199

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Teekay Tankers has not reported any payouts.
  • Unable to verify if Teekay Tankers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Teekay Tankers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Teekay Tankers has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Teekay Tankers's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Teekay Tankers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Teekay Tankers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teekay Tankers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Teekay Tankers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Mackay
AGE 50
TENURE AS CEO 5.8 years
CEO Bio

Mr. Kevin J. Mackay has been the Chief Executive Officer and President of Teekay Tankers Ltd. at Teekay Corporation since June 20, 2014. Mr. Mackay joined Teekay in 2014. He has over 20 years experience in the marine energy transportation industry. Mr. Mackay joined Teekay Tankers from Phillips 66 Corporation (Phillips 66), where he served as Head of the Global Marine Business unit for this industry-leading downstream company. He was responsible for all aspects of marine transportation, including chartering, operations, demurrage, strategy & freight trading, business improvement and marine risk management. He served a similar role as the General Manager of Commercial Marine at ConocoPhillips from 2009 to 2012 before the formation of Phillips 66. He has extensive international experience, having lived in Japan, Singapore, London and Houston. Mr. Mackay served as Regional Director for Americas of AET Tanker Holdings Sdn Bhd. He started his career working for Neptune Orient Lines in Singapore from 1991 to 1995. He then joined AET Inc. Limited (AET) (formerly American Eagle Tankers Inc.) in Houston, where he ultimately served as the Regional Director of Americas, Senior Vice President, responsible for AET's business in the Americas, including commercial and business development, operations, technical, finance and human resources. He served as a Member of ABS Society of American Bureau of Shipping Inc. since November 2007. Mr. Mackay holds a B.Sc. (Econ) Honours from the London School of Economics & Political Science.

CEO Compensation
  • Insufficient data for Kevin to compare compensation growth.
  • Insufficient data for Kevin to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Teekay Tankers management team in years:

4.5
Average Tenure
51
Average Age
  • The tenure for the Teekay Tankers management team is about average.
Management Team

Kenneth Hvid

TITLE
Chairman of the Board
AGE
51
TENURE
3.2 yrs

Kevin Mackay

TITLE
President & CEO
AGE
50
TENURE
5.8 yrs

Stewart Andrade

TITLE
Chief Financial Officer
AGE
46
TENURE
2.3 yrs

Jim Basterfield

TITLE
Head of Human Resources

Ray McNamara

TITLE
Head of Ship Management

Art Bensler

TITLE
Director & Secretary
AGE
61
TENURE
12.5 yrs

Edith Robinson

TITLE
Corporate Secretary
AGE
54

Christian Waldegrave

TITLE
Director of Research & Commercial Performance
Board of Directors Tenure

Average tenure and age of the Teekay Tankers board of directors in years:

0.9
Average Tenure
55
Average Age
  • The average tenure for the Teekay Tankers board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kenneth Hvid

TITLE
Chairman of the Board
AGE
51
TENURE
0.8 yrs

Art Bensler

TITLE
Director & Secretary
AGE
61
TENURE
6.8 yrs

Rich du Moulin

TITLE
Independent Director
AGE
72
TENURE
12.3 yrs

Sai Chu

TITLE
Independent Director
AGE
52
TENURE
0.9 yrs

David Schellenberg

TITLE
Director
AGE
55
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Teekay Tankers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Teekay Tankers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. It operates through two segments, Conventional Tanker and Ship-to-ship Transfer (STS). The company offers voyage and time charter services; and offshore STS transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides vessels commercial and technical management, LNG terminal management, consultancy, procurement, and equipment rental services; and lightering support services, including full service lightering and other lightering support services. The company owns a fleet of 56 double-hull tankers, 6 time-chartered-in tankers, and 5 ship-to-ship support vessels. Its vessels are employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. The company was founded in 2007 and is based in Vancouver, Canada.

Details
Name: Teekay Tankers Ltd.
3TK
Exchange: DB
Founded: 2007
$528,860,866
33,623,799
Website: http://www.teekay.com/business/tankers
Address: Teekay Tankers Ltd.
550 Burrard Street,
Suite 2000,
Vancouver,
British Columbia, V6C 2K2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TNK Class A Common Stock New York Stock Exchange US USD 13. Dec 2007
DB 3TK Class A Common Stock Deutsche Boerse AG DE EUR 13. Dec 2007
LSE 0EAQ Class A Common Stock London Stock Exchange GB USD 13. Dec 2007
BMV TNK N Class A Common Stock Bolsa Mexicana de Valores MX MXN 13. Dec 2007
Number of employees
Current staff
Staff numbers
2,100
Teekay Tankers employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:05
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.