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Teekay

DB:TCD
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCD
DB
$282M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • Teekay has significant price volatility in the past 3 months.
TCD Share Price and Events
7 Day Returns
27.7%
DB:TCD
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-24.8%
DB:TCD
21.9%
DE Oil and Gas
-17.7%
DE Market
TCD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teekay (TCD) 27.7% -10.4% -43.7% -24.8% -69.4% -93.7%
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
  • TCD underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • TCD underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
TCD
Industry
5yr Volatility vs Market

Value

 Is Teekay 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
  • It is not possible to calculate the future cash flow value for Teekay. This is due to cash flow or dividend data being unavailable. The share price is €2.58.
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's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teekay's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TCD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-3.08
NYSE:TK Share Price ** NYSE (2020-03-30) in USD $3.1
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 Teekay.

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

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

= 3.1 ÷ -3.08

-1.01x

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

  • Teekay is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Teekay is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Teekay's expected growth come at a high price?
Raw Data
DB:TCD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 Teekay, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Teekay's assets?
Raw Data
DB:TCD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.78
NYSE:TK Share Price * NYSE (2020-03-30) in USD $3.1
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:TCD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.1 ÷ 4.78

0.65x

* Primary Listing of Teekay.

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

  • Teekay is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Teekay'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 has a total score of 1/6, 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 expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Teekay has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
13%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teekay expected to grow at an attractive rate?
  • Unable to compare Teekay's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Teekay's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Teekay's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TCD Future Growth Rates Data Sources
Data Point Source Value (per year)
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:TCD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TCD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:TCD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,922 383 -311
2019-09-30 1,851 354 -340
2019-06-30 1,847 251 -154
2019-03-31 1,795 254 -143
2018-12-31 1,708 182 -79
2018-09-30 1,538 189 -86
2018-06-30 1,623 376 -87
2018-03-31 1,731 470 -139
2017-12-31 1,880 544 -163
2017-09-30 2,110 556 -141
2017-06-30 2,157 592 -122
2017-03-31 2,231 580 -125

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Teekay is high growth as no earnings estimate data is available.
  • Unable to determine if Teekay is high growth as no revenue estimate data is available.
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:TCD 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 0 Analyst Estimates (S&P Global) See Below

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

DB:TCD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:TCD Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -3.08
2019-09-30 -3.38
2019-06-30 -1.53
2019-03-31 -1.42
2018-12-31 -0.79
2018-09-30 -0.90
2018-06-30 -0.94
2018-03-31 -1.55
2017-12-31 -1.89
2017-09-30 -1.63
2017-06-30 -1.42
2017-03-31 -1.51

*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 Teekay will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Teekay's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Teekay's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Teekay's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Teekay'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 has a total score of 0/6, 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 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'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 does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Teekay's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Teekay's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Teekay'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 Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TCD 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 1,922.44 -310.58 81.44
2019-09-30 1,851.11 -340.27 90.61
2019-06-30 1,846.97 -154.10 91.24
2019-03-31 1,794.95 -142.94 95.34
2018-12-31 1,707.76 -79.24 96.56
2018-09-30 1,538.35 -86.17 87.31
2018-06-30 1,622.57 -86.75 94.32
2018-03-31 1,730.85 -138.58 98.90
2017-12-31 1,880.33 -163.28 106.15
2017-09-30 2,110.41 -140.65 115.64
2017-06-30 2,157.27 -122.00 118.03
2017-03-31 2,230.97 -124.65 118.36
2016-12-31 2,328.57 -128.18 119.89
2016-09-30 2,476.47 -87.28 124.67
2016-06-30 2,540.45 -105.58 123.64
2016-03-31 2,545.63 43.13 127.50
2015-12-31 2,450.38 82.15 133.18
2015-09-30 2,295.27 30.26 134.72
2015-06-30 2,173.83 44.87 136.28
2015-03-31 2,033.29 -64.03 139.49
2014-12-31 1,993.92 -54.76 139.42
2014-09-30 1,942.48 -111.97 139.77
2014-06-30 1,907.09 -163.44 141.12
2014-03-31 1,885.54 -109.09 139.57
2013-12-31 1,830.09 -114.74 140.96
2013-09-30 1,859.78 -137.58 141.65
2013-06-30 1,874.63 -108.74 144.37
2013-03-31 1,930.70 -167.38 145.21

*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 Teekay has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Teekay has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Teekay 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 Teekay'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 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'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's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Teekay is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Teekay's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Teekay'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 0.4x 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 Company Filings, last reported 2 months ago.

DB:TCD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,571.59 4,702.84 353.24
2019-09-30 2,448.90 2,953.42 294.66
2019-06-30 2,672.63 2,940.02 236.37
2019-03-31 2,756.09 3,337.71 413.43
2018-12-31 2,867.03 3,434.91 427.87
2018-09-30 2,919.91 3,384.95 389.31
2018-06-30 2,933.61 3,405.09 458.50
2018-03-31 2,984.11 3,453.83 492.17
2017-12-31 2,879.66 3,540.91 446.58
2017-09-30 2,622.16 3,435.78 453.50
2017-06-30 4,163.56 6,878.81 601.57
2017-03-31 4,325.56 6,853.88 542.41
2016-12-31 4,338.40 6,933.59 568.21
2016-09-30 4,070.31 7,348.82 705.32
2016-06-30 3,996.77 7,522.25 789.82
2016-03-31 3,868.17 7,663.73 658.16
2015-12-31 3,956.75 7,768.84 678.39
2015-09-30 3,909.19 7,812.93 789.70
2015-06-30 3,645.31 7,513.57 707.89
2015-03-31 3,362.25 7,568.68 684.51
2014-12-31 3,401.48 7,045.06 806.90
2014-09-30 3,236.26 7,205.80 722.91
2014-06-30 3,109.16 7,238.86 766.10
2014-03-31 3,195.79 6,689.33 601.26
2013-12-31 3,219.61 6,521.68 848.02
2013-09-30 3,130.01 6,676.19 819.51
2013-06-30 3,262.45 6,247.77 751.44
2013-03-31 3,181.03 6,322.14 679.59
  • Teekay's level of debt (176.6%) 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 (205.6% vs 176.6% 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 Teekay has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Teekay has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -18% per year.
X
Financial health checks
We assess Teekay'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 has a total score of 4/6, 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'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 dividends.
If you bought €2,000 of Teekay 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's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Teekay'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:TCD 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 0 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:TCD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
DB:TCD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.000 0.000
2019-11-26 0.000 0.000
2019-11-13 0.000 0.000
2019-08-12 0.000 0.000
2019-08-01 0.000 0.000
2019-05-31 0.000 0.000
2019-05-23 0.000 0.000
2019-01-08 0.220 5.538
2018-10-03 0.220 4.472
2018-07-05 0.220 3.207
2018-04-04 0.220 2.647
2018-01-04 0.220 2.601
2017-10-03 0.220 2.533
2017-07-07 0.220 2.521
2017-04-03 0.220 3.077
2017-01-04 0.220 2.282
2016-10-03 0.220 2.874
2016-07-01 0.220 3.178
2016-04-01 0.220 2.406
2016-01-20 0.220 2.997
2015-10-05 2.200 13.709
2015-07-01 2.200 6.249
2015-04-02 1.265 2.683
2015-01-02 1.265 2.824
2014-10-03 1.265 2.364
2014-07-03 1.265 2.149
2014-04-04 1.265 2.180
2014-01-03 1.265 2.325
2013-10-04 1.265 2.879
2013-07-08 1.265 3.137
2013-06-14 1.265 3.176
2013-05-09 1.265 3.309
2013-01-04 1.265 3.647
2012-10-05 1.265 4.037
2012-07-06 1.265 4.108
2012-04-05 1.265 4.175
2012-01-05 1.265 4.403
2011-10-05 1.265 4.868
2011-07-05 1.265 4.912
2011-04-04 1.265 3.808
2011-01-05 1.265 3.648
2010-10-05 1.265 4.019
2010-07-06 1.265 4.765
2010-04-06 1.265 4.902
2010-01-05 1.265 5.228
2009-10-01 1.265 5.398
2009-06-04 1.265 6.509
2009-04-02 1.265 8.664

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

  • Unable to perform a dividend volatility check as Teekay has not reported any payouts.
  • Unable to verify if Teekay's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Teekay's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Teekay has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Teekay'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 Teekay afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teekay 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'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
Kenneth Hvid
AGE 51
TENURE AS CEO 3 years
CEO Bio

Mr. Kenneth Hvid serves as Chairman of the Board at Teekay Tankers Ltd. since June 12, 2019. He has been a Director of Teekay Tankers Ltd. since February 22, 2017 and Teekay Corporation since June 10, 2019. Mr. Hvid has been the Chief Executive Officer and President at Teekay Corporation and Teekkay GP LLC since February 1, 2017. Mr. Hvid has been Chairperson of Teekay GP LLC a General Partner of Teekay LNG Partners L.P. since 2019. Mr. Hvid has been Director at Teekay LNG Partners L.P. since 2018. He has been a Director of Teekay GP L.L.C., since September 2018. He serves as a Director at Tanker Investments Ltd. Mr. Hvid served as the Chief Executive Officer and President of Teekay Offshore Group Ltd at Teekay Corporation from May 2015 to January 31, 2017 and served as its Chief Strategy Officer and Executive Vice President from April 1, 2011 to December 2015. Mr. Hvid served as the President of Teekay Navion Shuttle Tankers and Offshore Division of Teekay Corp. from 2006 to April 1, 2011. Mr. Hvid has 28 years of global shipping experience, 12 of which were spent with A.P. Moller in Copenhagen, San Francisco and Hong Kong. Previously, he served as Senior Vice President for Teekay LNG Projects Ltd., a subsidiary of Teekay Shipping Corporation of Teekay Lng Partners LP since November 2004. He also served as Senior Vice President, Gas Services of Teekay Shipping Corporation of Teekay Lng Partners LP from January 2004 to 2006. Mr. Hvid joined Teekay Shipping Corporation in October 2000 and was responsible for its purchasing activities as Director of Procurement. Prior to Teekay Shipping Corporation, he worked for 12 years for A.P. Moller in various functions in Copenhagen, San Francisco and Hong Kong. Mr. Hvid has been a Director of Teekay Offshore GP L.L.C., General Partner of Teekay Offshore Partners LP since April 1, 2011. He serves as a Director of Gard P. & I. (Bermuda) Ltd. Previously, Mr. Hvid served as a Director of Teekay GP LLC from April 1, 2011 to September 18, 2012. Mr. Hvid served as Chief Strategy Officer and Executive Vice President of Teekay Corporation from 2011 to December 2015. He served as Director of Teekay GP L.L.C. from February 19, 2011 to June 2015.

CEO Compensation
  • Insufficient data for Kenneth to compare compensation growth.
  • Insufficient data for Kenneth 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 management team in years:

3.6
Average Tenure
50.5
Average Age
  • The tenure for the Teekay management team is about average.
Management Team

Kenneth Hvid

TITLE
President
AGE
51
TENURE
3 yrs

Vince Lok

TITLE
Executive VP & CFO
AGE
51
TENURE
13.2 yrs

Ryan Hamilton

TITLE
Manager of Finance & Investor Relations

Art Bensler

TITLE
Executive VP
AGE
61
TENURE
21.5 yrs

William Hung

TITLE
Executive Vice President of Strategic Development
AGE
47
TENURE
4 yrs

Ingvild Sæther

TITLE
President & CEO of Teekay Offshore Group Ltd
AGE
50
TENURE
3 yrs

Kevin Mackay

TITLE
President & CEO of Teekay Tankers Ltd
AGE
50
TENURE
5.8 yrs

Mark Kremin

TITLE
President & CEO of Teekay Gas Group Ltd
AGE
48
TENURE
3 yrs

Peter Evensen

TITLE
AGE
60
TENURE
3.2 yrs

Lee Edwards

TITLE
Financial Analyst
Board of Directors Tenure

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

2.5
Average Tenure
57
Average Age
  • The average tenure for the Teekay board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Schellenberg

TITLE
Chairman
AGE
55
TENURE
0.8 yrs

Kenneth Hvid

TITLE
President
AGE
51
TENURE
0.8 yrs

Alan Semple

TITLE
Independent Director
AGE
59
TENURE
4.3 yrs

Heidi Simon

TITLE
Independent Director
AGE
51
TENURE
2.5 yrs

Bjorn Moller

TITLE
Independent Director
AGE
61
TENURE
22.2 yrs

Peter Antturi

TITLE
Independent Director
AGE
60
TENURE
0.8 yrs

Rudolph Krediet

TITLE
Independent Director
TENURE
2.5 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'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 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 Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. It operates shuttle tankers; floating production, storage, and offloading units; floating storage and offloading units; HiLoad dynamic positioning units; long-distance towing and offshore installation vessels; and conventional tankers. As of December 31, 2018, its fleet consisted of 155 vessels. The company serves energy and utility companies, oil traders, large oil and LNG consumers, petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is based in Hamilton, Bermuda.

Details
Name: Teekay Corporation
TCD
Exchange: DB
Founded: 1973
$255,783,462
100,784,683
Website: http://www.teekay.com
Address: Teekay Corporation
Belvedere Building,
4th Floor,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TK Common Stock New York Stock Exchange US USD 20. Jul 1995
DB TCD Common Stock Deutsche Boerse AG DE EUR 20. Jul 1995
BMV TK N Common Stock Bolsa Mexicana de Valores MX MXN 20. Jul 1995
Number of employees
Current staff
Staff numbers
5,700
Teekay 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 22:24
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2019/02/21
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.