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Nordic American Tankers

DB:B3O
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
B3O
DB
$576M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Nordic American Tankers has significant price volatility in the past 3 months.
B3O Share Price and Events
7 Day Returns
95.9%
DB:B3O
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
149.1%
DB:B3O
21.9%
DE Oil and Gas
-17.7%
DE Market
B3O Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nordic American Tankers (B3O) 95.9% 66.2% -6.3% 149.1% -41.3% -61%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • B3O outperformed the Oil and Gas industry which returned 21.9% over the past year.
  • B3O outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
B3O
Industry
5yr Volatility vs Market

Value

 Is Nordic American 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 Nordic American 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 Nordic American Tankers.

DB:B3O Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:B3O
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (69.41%))
1.168
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.168 * 6.51%)
7.22%

Discounted Cash Flow Calculation for DB:B3O using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nordic American 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:B3O DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.22%)
2020 124.05 Analyst x1 115.70
2021 149.36 Analyst x1 129.94
2022 167.01 Est @ 11.81% 135.51
2023 180.62 Est @ 8.15% 136.69
2024 190.72 Est @ 5.59% 134.62
2025 197.96 Est @ 3.8% 130.33
2026 202.99 Est @ 2.54% 124.65
2027 206.36 Est @ 1.66% 118.19
2028 208.52 Est @ 1.05% 111.39
2029 209.80 Est @ 0.62% 104.53
Present value of next 10 years cash flows $1,241.00
DB:B3O DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $209.80 × (1 + -0.39%) ÷ (7.22% – -0.39%)
$2,747.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,747.87 ÷ (1 + 7.22%)10
$1,369.08
DB:B3O Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,241.00 + $1,369.08
$2,610.08
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,610.08 / 142.59
$18.31
DB:B3O Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:B3O represents 0.90737x of NYSE:NAT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90737x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.31 x 0.90737
€16.61
Value per share (EUR) From above. €16.61
Current discount Discount to share price of €4.31
= -1 x (€4.31 - €16.61) / €16.61
74.1%

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

Current Discount
Amount off the current price Nordic American Tankers is available for.
Intrinsic value
>50%
Share price is €4.31 vs Future cash flow value of €16.61
Current Discount Checks
For Nordic American Tankers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nordic American Tankers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nordic American 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 Nordic American Tankers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nordic American Tankers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:B3O PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.07
NYSE:NAT Share Price ** NYSE (2020-03-30) in USD $4.75
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Nordic American Tankers.

DB:B3O PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 4.75 ÷ -0.07

-65.42x

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

  • Nordic American Tankers is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Nordic American Tankers is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Nordic American Tankers's expected growth come at a high price?
Raw Data
DB:B3O PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -65.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
71.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Nordic American Tankers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nordic American Tankers's assets?
Raw Data
DB:B3O PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.14
NYSE:NAT Share Price * NYSE (2020-03-30) in USD $4.75
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:B3O PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.75 ÷ 4.14

1.15x

* Primary Listing of Nordic American Tankers.

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

  • Nordic American Tankers is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Nordic American 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. Nordic American Tankers has a total score of 2/6, 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 Nordic American Tankers expected to perform in the next 1 to 3 years based on estimates from 5 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
71.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nordic American Tankers expected to grow at an attractive rate?
  • Nordic American Tankers's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Nordic American Tankers's earnings growth is expected to exceed the Germany market average.
  • Nordic American Tankers's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:B3O Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:B3O Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 71.3%
DB:B3O Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 22.7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:B3O Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:B3O Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 306 191 118 5
2020-12-31 307 173 128 4
2020-03-30
DB:B3O Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 175 53 -10
2019-09-30 326 55 -34
2019-06-30 303 37 -58
2019-03-31 313 14 -70
2018-12-31 289 -16 -95
2018-09-30 275 -31 -236
2018-06-30 343 -20 -232
2018-03-31 272 -7 -220
2017-12-31 297 32 -205
2017-09-30 310 41 -93
2017-06-30 313 62 -66
2017-03-31 336 101 -37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nordic American Tankers's earnings are expected to grow significantly at over 20% yearly.
  • Nordic American Tankers's revenue is expected to grow significantly at over 20% yearly.
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:B3O Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Nordic American Tankers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B3O Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.86 1.28 0.58 6.00
2020-12-31 0.84 0.95 0.67 6.00
2020-03-30
DB:B3O Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.07
2019-09-30 -0.24
2019-06-30 -0.41
2019-03-31 -0.49
2018-12-31 -0.67
2018-09-30 -1.76
2018-06-30 -1.88
2018-03-31 -1.93
2017-12-31 -1.97
2017-09-30 -0.91
2017-06-30 -0.67
2017-03-31 -0.39

*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.
  • Unable to establish if Nordic American Tankers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nordic American 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.
Nordic American Tankers has a total score of 5/6, 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 Nordic American 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 Nordic American 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.
  • Nordic American Tankers does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Nordic American Tankers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nordic American Tankers's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Nordic American 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 Nordic American Tankers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B3O Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 175.45 -10.35 13.48
2019-09-30 325.84 -33.55 12.55
2019-06-30 303.43 -57.79 13.70
2019-03-31 313.03 -69.99 12.63
2018-12-31 289.02 -95.31 12.73
2018-09-30 275.44 -236.21 14.69
2018-06-30 342.88 -232.50 13.48
2018-03-31 271.56 -220.26 13.02
2017-12-31 297.14 -204.97 12.58
2017-09-30 309.66 -92.76 10.48
2017-06-30 313.36 -66.06 10.66
2017-03-31 335.91 -37.19 12.15
2016-12-31 357.45 -4.46 12.30
2016-09-30 508.40 64.85 13.88
2016-06-30 411.76 98.26 12.10
2016-03-31 452.91 116.19 11.09
2015-12-31 445.74 114.63 9.79
2015-09-30 452.20 83.73 10.80
2015-06-30 512.71 58.02 12.64
2015-03-31 375.59 13.52 13.02
2014-12-31 351.05 -13.17 14.86
2014-09-30 302.40 -33.35 14.09
2014-06-30 284.00 -53.87 14.75
2014-03-31 271.41 -69.04 11.49
2013-12-31 243.66 -105.42 14.96
2013-09-30 222.90 -115.86 13.36
2013-06-30 177.05 -119.97 13.07
2013-03-31 117.47 -96.19 12.40

*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.
  • It is difficult to establish if Nordic American Tankers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Nordic American Tankers used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Nordic American Tankers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Nordic American 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.
Nordic American 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 Nordic American 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 Nordic American Tankers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nordic American Tankers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nordic American Tankers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nordic American 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 0.3x 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 Nordic American Tankers Company Filings, last reported 2 months ago.

DB:B3O Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 595.42 399.84 49.67
2019-09-30 568.81 403.88 37.32
2019-06-30 583.00 409.14 42.06
2019-03-31 602.13 415.51 34.25
2018-12-31 602.03 436.53 49.33
2018-09-30 614.02 419.03 45.53
2018-06-30 654.71 373.78 46.48
2018-03-31 684.12 384.95 36.74
2017-12-31 711.06 388.86 58.36
2017-09-30 761.87 443.87 31.15
2017-06-30 811.22 443.52 34.00
2017-03-31 847.32 443.17 45.64
2016-12-31 871.05 442.82 82.17
2016-09-30 936.73 442.47 151.55
2016-06-30 846.53 380.21 29.52
2016-03-31 871.85 330.00 45.20
2015-12-31 880.72 324.57 29.89
2015-09-30 884.32 250.00 47.38
2015-06-30 894.38 250.00 105.51
2015-03-31 878.86 250.00 82.30
2014-12-31 888.91 250.00 100.74
2014-09-30 903.48 250.00 89.26
2014-06-30 926.74 250.00 154.28
2014-03-31 850.19 250.00 80.08
2013-12-31 854.98 250.00 65.68
2013-09-30 817.87 250.00 90.47
2013-06-30 847.39 210.00 71.13
2013-03-31 787.71 250.00 23.64
  • Nordic American Tankers's level of debt (67%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.1% vs 67% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Nordic American Tankers has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Nordic American Tankers has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -13.2% per year.
X
Financial health checks
We assess Nordic American 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. Nordic American Tankers has a total score of 3/6, 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 Nordic American 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
2.74%
Current annual income from Nordic American Tankers dividends. Estimated to be 12.21% next year.
If you bought €2,000 of Nordic American Tankers shares you are expected to receive €55 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?
  • Nordic American Tankers's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Nordic American Tankers's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Nordic American Tankers before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:B3O 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 5 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:B3O Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.59 2.00
2020-12-31 0.57 3.00
2020-03-30
DB:B3O Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-18 0.130 4.379
2019-02-19 0.080 3.183
2018-04-27 0.040 1.732
2018-01-26 0.120 5.667
2017-10-19 0.120 3.662
2017-07-21 0.400 7.533
2017-05-01 1.090 16.952
2017-02-06 1.090 13.339
2016-03-23 1.590 14.502
2016-02-08 1.590 11.954
2015-03-27 0.710 5.033
2015-02-09 0.710 6.807
2014-01-27 0.480 5.270
2013-10-16 0.640 7.186
2013-07-09 0.640 7.544
2013-04-16 0.640 7.602
2013-01-17 0.640 6.873
2012-11-15 1.200 13.580
2012-08-07 1.200 11.844
2012-02-13 1.200 8.863
2011-02-14 1.700 9.711
2010-02-12 1.730 6.223
2009-11-09 0.400 1.293
2009-08-07 2.000 6.770
2009-05-05 3.520 10.899

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Nordic American Tankers's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Nordic American Tankers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Nordic American Tankers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nordic American Tankers has a total score of 2/6, 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 Nordic American 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
Herbjørn Hansson
AGE 71
TENURE AS CEO 25.2 years
CEO Bio

Mr. Herbjørn Hansson is the Founder of Nordic American Tankers Limited (formerly Nordic American Tanker Shipping Ltd.) and has been its Chief Executive Officer since 1995. Mr. Hansson was Executive Chairman and Director of Nordic American Offshore Ltd. since October 17, 2013 until December 11, 2018. Mr. Hansson served as the President at Nordic American Offshore Ltd. Mr. Hansson serves as President at Nordic American Tankers Limited since July 1995. Mr. Hansson served as President and Chief Executive Officer of Scandic American Shipping Ltd., the Manager of Nordic American Tanker Ltd. since September 1993. He served as Chief Executive Officer of Nordic American Offshore Ltd. He served as President and Chief Executive Officer of Ugland Nordic Shipping ASA (the former manager of Nordic American Tanker Shipping Ltd. from September 1993 to 2001. He served as Interim Chief Executive Officer of Nordic American Offshore Ltd., since October 17, 2013. He served as an Officer of the Anders Jahre/Kosmos Group from 1980 to 1989 and served as Chief Financial Officer from 1983 to 1988. He has been involved in various aspects of the shipping industry and international finance since 1970 and served as Chief Economist of Intertanko, the International Association of Independent Tanker Owners, from 1975 to 1980. He serves as Chairman of Burma Shipping & Investment AS. Mr. Hansson has been Chairman of Nordic American Tankers limited since 1995. He served as Deputy Chairman of Nordic American Tanker Shipping Ltd. He served as Chairman of the Board of Ugland Nordic Shipping ASA from June 1989 to September 1993. He serves as a Director of Gard P. & I. (Bermuda) Ltd. He has been a Director of Nordic American Tankers Limited since July 1995. He served as a Member of Supervisory Board of Vital Forsikring ASA and DNB Bank ASA. He served as Member of Supervisory Board of DnB NOR ASA (alternate name Dnb Holding ASA). He served as a Director of Ugland Nordic Shipping ASA since June 1989. He served as a Representative Director of Vital Forsikring ASA. He served as a Representative Director and Member of the Supervisory Board at DNB Livsforsikring ASA. He served as a Member of Supervisory Board at DNB ASA. He served as a Member of the Council at Stiftelsen Det Norske Veritas. Mr. Hansson holds M.B.A. from Norwegian School of Economic and Business Administration and education from Harvard Business School, Harvard University.

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

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

7.8
Average Tenure
56.5
Average Age
  • The average tenure for the Nordic American Tankers management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Herbjørn Hansson

TITLE
Founder
AGE
71
TENURE
25.2 yrs

Bjørn Giaever

TITLE
CFO & Secretary
AGE
52
TENURE
2.4 yrs

Jan H. Møller

TITLE
Head of Investor Relations and Financial Manager
AGE
34

Erik Tomstad

TITLE
Executive Vice President of Chartering

John Bernander

TITLE
Advisor to Chairman
AGE
61
TENURE
7.8 yrs
Board of Directors Tenure

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

6.5
Average Tenure
71
Average Age
  • The tenure for the Nordic American Tankers board of directors is about average.
Board of Directors

Herbjørn Hansson

TITLE
Founder
AGE
71
TENURE
25.2 yrs

Jim Kelly

TITLE
Independent Vice-Chairman
AGE
66

Richard H. Vietor

TITLE
Director
AGE
73
TENURE
12.7 yrs

David Workman

TITLE
Director
TENURE
0.3 yrs

Alexander Hansson

TITLE
Director
TENURE
0.3 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 Nordic American 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. Nordic American 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

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 23 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.

Details
Name: Nordic American Tankers Limited
B3O
Exchange: DB
Founded: 1995
$519,537,244
142,586,016
Website: http://www.nat.bm
Address: Nordic American Tankers Limited
LOM Building,
27 Reid Street,
Hamilton,
HM 11,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NAT Common Shares New York Stock Exchange US USD 30. Sep 1997
DB B3O Common Shares Deutsche Boerse AG DE EUR 30. Sep 1997
LSE 0UC0 Common Shares London Stock Exchange GB USD 30. Sep 1997
Number of employees
Current staff
Staff numbers
20
Nordic American Tankers employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:38
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/18
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.