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Tsakos Energy Navigation

DB:TK4
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TK4
DB
$233M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • Tsakos Energy Navigation has significant price volatility in the past 3 months.
TK4 Share Price and Events
7 Day Returns
-21.3%
DB:TK4
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-15.8%
DB:TK4
34.4%
DE Oil and Gas
-14.2%
DE Market
TK4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tsakos Energy Navigation (TK4) -21.3% 31.8% -41.3% -15.8% -48.5% -71.6%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • TK4 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • TK4 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
TK4
Industry
5yr Volatility vs Market
Related Companies

TK4 Value

 Is Tsakos Energy Navigation 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 Tsakos Energy Navigation 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 Tsakos Energy Navigation.

DB:TK4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 27%
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:TK4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 13.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 29%) (658.52%))
4.026
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 13.68%)
26.97%

Discounted Cash Flow Calculation for DB:TK4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tsakos Energy Navigation 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:TK4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 26.97%)
2020 169.50 Analyst x2 133.50
2021 97.96 Analyst x2 60.76
2022 64.07 Est @ -34.59% 31.30
2023 48.48 Est @ -24.33% 18.65
2024 40.17 Est @ -17.15% 12.17
2025 35.30 Est @ -12.12% 8.42
2026 32.26 Est @ -8.6% 6.06
2027 30.28 Est @ -6.14% 4.48
2028 28.95 Est @ -4.41% 3.37
2029 28.02 Est @ -3.21% 2.57
Present value of next 10 years cash flows $281.00
DB:TK4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $28.02 × (1 + -0.39%) ÷ (26.97% – -0.39%)
$102.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $102.00 ÷ (1 + 26.97%)10
$9.37
DB:TK4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $281.00 + $9.37
$290.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $290.37 / 89.61
$3.24
DB:TK4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TK4 represents 0.89057x of NYSE:TNP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89057x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 3.24 x 0.89057
€2.89
Value per share (EUR) From above. €2.89
Current discount Discount to share price of €2.36
= -1 x (€2.36 - €2.89) / €2.89
18.2%

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

Current Discount
Amount off the current price Tsakos Energy Navigation is available for.
Intrinsic value
18%
Share price is €2.36 vs Future cash flow value of €2.89
Current Discount Checks
For Tsakos Energy Navigation to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tsakos Energy Navigation's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Tsakos Energy Navigation's share price is below the future cash flow value, but not 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 Tsakos Energy Navigation's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tsakos Energy Navigation's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TK4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.32
NYSE:TNP Share Price ** NYSE (2020-04-08) in USD $2.65
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of Tsakos Energy Navigation.

DB:TK4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 2.65 ÷ -0.32

-8.39x

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

  • Tsakos Energy Navigation is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Tsakos Energy Navigation is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Tsakos Energy Navigation's expected growth come at a high price?
Raw Data
DB:TK4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
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 1.24x

*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 Tsakos Energy Navigation, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tsakos Energy Navigation's assets?
Raw Data
DB:TK4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $16.27
NYSE:TNP Share Price * NYSE (2020-04-08) in USD $2.65
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:TK4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.65 ÷ 16.27

0.16x

* Primary Listing of Tsakos Energy Navigation.

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

  • Tsakos Energy Navigation is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Tsakos Energy Navigation'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. Tsakos Energy Navigation 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.

TK4 Future Performance

 How is Tsakos Energy Navigation expected to perform in the next 1 to 3 years based on estimates from 2 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
2.2%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Tsakos Energy Navigation expected to grow at an attractive rate?
  • Unable to compare Tsakos Energy Navigation's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tsakos Energy Navigation's earnings growth to the Germany market average as no estimate data is available.
  • Tsakos Energy Navigation's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TK4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TK4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.2%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
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:TK4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TK4 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 639 270 2
2020-12-31 666 273 2
2020-04-08
DB:TK4 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 597 -28
2019-09-30 576 -105
2019-06-30 571 120 -110
2019-03-31 551 89 -113
2018-12-31 530 74 -133
2018-09-30 511 -76
2018-06-30 508 99 -62
2018-03-31 517 141 -48
2017-12-31 529 171 -16
2017-09-30 525 9
2017-06-30 510 188 17
2017-03-31 498 171 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tsakos Energy Navigation is high growth as no earnings estimate data is available.
  • Tsakos Energy Navigation's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (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:TK4 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 2 Analyst Estimates (S&P Global) See Below

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

DB:TK4 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-08
DB:TK4 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.32
2019-09-30 -1.19
2019-06-30 -1.25
2019-03-31 -1.30
2018-12-31 -1.53
2018-09-30 -0.88
2018-06-30 -0.72
2018-03-31 -0.57
2017-12-31 -0.19
2017-09-30 0.10
2017-06-30 0.20
2017-03-31 0.38

*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 Tsakos Energy Navigation will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tsakos Energy Navigation'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.
Tsakos Energy Navigation 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.

TK4 Past Performance

  How has Tsakos Energy Navigation 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 Tsakos Energy Navigation'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.
  • Tsakos Energy Navigation does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tsakos Energy Navigation's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tsakos Energy Navigation's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Tsakos Energy Navigation'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 Tsakos Energy Navigation Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TK4 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 597.45 -28.02 27.70
2019-09-30 575.82 -104.71 27.64
2019-06-30 571.29 -109.76 26.62
2019-03-31 551.20 -113.38 26.64
2018-12-31 529.88 -132.97 27.03
2018-09-30 510.64 -76.34 27.07
2018-06-30 508.41 -61.55 27.30
2018-03-31 516.67 -48.23 27.05
2017-12-31 529.18 -16.16 26.32
2017-09-30 525.33 8.53 25.65
2017-06-30 510.27 16.57 25.39
2017-03-31 497.94 31.96 26.29
2016-12-31 481.79 39.91 25.61
2016-09-30 494.22 67.61 24.12
2016-06-30 526.77 105.62 22.82
2016-03-31 560.94 131.06 20.67
2015-12-31 587.72 144.78 21.79
2015-09-30 582.07 120.55 40.83
2015-06-30 561.22 87.61 22.54
2015-03-31 519.59 47.80 22.16
2014-12-31 501.01 25.09 21.03
2014-09-30 468.60 -24.05 25.25
2014-06-30 455.28 -29.52 29.31
2014-03-31 450.97 -29.70 33.34
2013-12-31 418.38 -41.14 20.73
2013-09-30 413.65 -27.84 36.63
2013-06-30 398.50 -35.83 35.62

*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.
  • Tsakos Energy Navigation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tsakos Energy Navigation 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 Tsakos Energy Navigation 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 Tsakos Energy Navigation'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.
Tsakos Energy Navigation 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.

TK4 Health

 How is Tsakos Energy Navigation'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 Tsakos Energy Navigation's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tsakos Energy Navigation's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tsakos Energy Navigation's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tsakos Energy Navigation'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 0.1x 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 Tsakos Energy Navigation Company Filings, last reported 3 months ago.

DB:TK4 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,472.32 1,534.30 197.77
2019-09-30 1,460.25 1,529.23 177.00
2019-06-30 1,492.79 1,546.74 182.93
2019-03-31 1,499.46 1,568.43 177.33
2018-12-31 1,506.78 1,600.64 204.76
2018-09-30 1,588.28 1,623.52 232.57
2018-06-30 1,596.84 1,673.62 272.50
2018-03-31 1,482.70 1,713.81 158.25
2017-12-31 1,508.14 1,753.84 189.76
2017-09-30 1,521.02 1,811.14 225.89
2017-06-30 1,531.80 1,830.16 250.41
2017-03-31 1,426.82 1,810.32 160.14
2016-12-31 1,417.45 1,758.59 187.78
2016-09-30 1,406.52 1,577.65 229.14
2016-06-30 1,413.96 1,557.50 253.93
2016-03-31 1,420.20 1,428.73 267.55
2015-12-31 1,415.07 1,401.45 289.68
2015-09-30 1,376.24 1,383.50 280.48
2015-06-30 1,322.83 1,414.86 278.93
2015-03-31 1,205.59 1,422.21 199.77
2014-12-31 1,177.91 1,428.60 202.11
2014-09-30 1,174.03 1,430.08 204.68
2014-06-30 1,173.93 1,372.29 229.73
2014-03-31 1,095.05 1,363.47 196.33
2013-12-31 997.66 1,390.29 162.24
2013-09-30 1,019.47 1,418.28 167.32
2013-06-30 973.33 1,453.94 142.73
  • Tsakos Energy Navigation's level of debt (102.5%) 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 (121.2% vs 102.5% today).
  • Debt is not well covered by operating cash flow (7.9%, less than 20% of total debt).
  • Tsakos Energy Navigation is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Tsakos Energy Navigation'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. Tsakos Energy Navigation has a total score of 1/6, 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.

TK4 Dividends

 What is Tsakos Energy Navigation'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
3.77%
Current annual income from Tsakos Energy Navigation dividends.
If you bought €2,000 of Tsakos Energy Navigation shares you are expected to receive €75 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?
  • Tsakos Energy Navigation's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Tsakos Energy Navigation's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
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:TK4 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 2 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:TK4 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-08
DB:TK4 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-24 0.100 3.508
2019-11-26 0.100 3.223
2019-06-06 0.100 3.114
2019-04-12 0.200 6.188
2019-03-29 0.200 6.180
2018-11-30 0.200 6.332
2018-10-05 0.200 5.988
2018-09-07 0.200 5.957
2018-06-18 0.200 5.732
2018-06-15 0.200 5.835
2018-04-05 0.200 5.592
2018-03-12 0.200 5.792
2017-11-30 0.200 5.369
2017-09-15 0.200 4.496
2017-03-17 0.260 5.613
2016-11-02 0.320 6.834
2016-09-09 0.320 6.569
2016-06-17 0.320 6.370
2016-05-31 0.320 5.448
2016-02-16 0.320 5.274
2015-10-12 0.320 4.495
2015-09-09 0.240 2.847
2015-07-31 0.240 3.008
2015-06-23 0.240 2.498
2015-05-22 0.240 2.454
2015-03-19 0.240 2.695
2015-01-29 0.240 3.297
2014-08-04 0.200 2.920
2014-05-16 0.200 2.828
2013-12-06 0.200 2.951
2013-11-22 0.200 4.042
2013-05-24 0.200 4.049
2013-04-29 0.200 5.165
2013-04-19 0.200 5.537
2012-11-21 0.200 5.226
2012-08-03 0.600 12.153
2012-04-17 0.600 11.157
2012-01-25 0.600 8.526
2011-10-18 0.600 10.835
2011-07-19 0.600 9.268
2011-03-14 0.600 5.845
2011-01-11 0.600 6.208
2010-10-05 0.600 5.649
2010-06-08 0.600 4.346
2010-03-15 0.600 4.090
2009-11-25 0.600 3.771
2009-11-06 0.600 3.716
2009-09-28 0.600 3.799

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 Tsakos Energy Navigation'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
  • 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 Tsakos Energy Navigation'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 Tsakos Energy Navigation afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tsakos Energy Navigation has a total score of 1/6, see the detailed checks below.


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

TK4 Management

 What is the CEO of Tsakos Energy Navigation'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
Nikolas Tsakos
AGE 56
TENURE AS CEO 26.6 years
CEO Bio

Nikolas P. Tsakos is a Member of the well known family of ship-owners from Kardamilon, Chios. From 1981 to 1987, he was employed at Tsakos Shipping and Trading Ltd in the USA, with a focus on the energy sector. He studied Economics and Political Science at Columbia University New York and completed his studies at City University of London obtaining a Masters Degree in Shipping and Financial Services. He completed his military service in the Hellenic Navy and served for 25 months on various types of vessels. He is the Founder, President and CEO of Tsakos Energy Navigation (TEN) Limited, one of the first listed Greek shipping companies on the Oslo and New York exchanges. He has received various awards most recently ‘Lloyd’s List award for the Best Tanker Operator in 2006’ as well as the ‘EUROPE’s 500 award in 2005’, ‘Lloyd’s List award to HELMEPA for achievement for clean and safe seas in 2004’ and ‘Best Maritime Manager of the New Generation’ award by the magazine ‘Business Administration Bulletin’ at the Academy of Athens. He is an active Member of the Hellenic Marine Environment Protection Association (HELMEPA), the Union of Greek Ship-owners, the Greek Shipping Co-operation Committee of London (GSCC), the Greek Committee of Det Norske Veritas, the American Bureau of Shipping, the Bureau Veritas, the UK P&I Club. He was Member of the Board of Directors of Bank of Cyprus Public Company Limited.

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

Average tenure and age of the Tsakos Energy Navigation management team in years:

23.9
Average Tenure
62
Average Age
  • The average tenure for the Tsakos Energy Navigation management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nikolas Tsakos

TITLE
Founder
AGE
56
TENURE
26.6 yrs

Paul Durham

TITLE
CFO & Chief Accounting Officer
AGE
68
TENURE
19.8 yrs

George Saroglou

TITLE
COO & Executive Director
AGE
54
TENURE
23.9 yrs

Harrys Kosmatos

TITLE
Corporate Development Officer

Vasileios Papageorgiou

TITLE
Chief Marine Officer
AGE
72
Board of Directors Tenure

Average tenure and age of the Tsakos Energy Navigation board of directors in years:

10.9
Average Tenure
62
Average Age
  • The average tenure for the Tsakos Energy Navigation board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Takis Arapoglou

TITLE
Independent Chairman of the Board
AGE
68

Nikolas Tsakos

TITLE
Founder
AGE
56
TENURE
26.6 yrs

Michael Jolliffe

TITLE
Co-Founder & Vice Chairman
AGE
69
TENURE
18.8 yrs

George Saroglou

TITLE
COO & Executive Director
AGE
54
TENURE
18.8 yrs

Aristides A. Patrinos

TITLE
Independent Director
AGE
71
TENURE
13.5 yrs

Nick Tommasino

TITLE
Independent Director
AGE
61
TENURE
2.8 yrs

Efthimios Mitropoulos

TITLE
Independent Director
AGE
79
TENURE
8.3 yrs

Maria Vassalou

TITLE
Independent Director
AGE
53
TENURE
4.3 yrs

Denis Petropoulos

TITLE
Independent Director
AGE
62
TENURE
1.9 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 Tsakos Energy Navigation'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. Tsakos Energy Navigation 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.

TK4 News

Simply Wall St News

TK4 Company Info

Description

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of January 9, 2020, it operated a fleet of 69 double-hull vessels. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was founded in 1993 and is based in Athens, Greece.

Details
Name: Tsakos Energy Navigation Limited
TK4
Exchange: DB
Founded: 1993
$214,260,383
89,612,701
Website: http://www.tenn.gr
Address: Tsakos Energy Navigation Limited
367 Syngrou Avenue,
P. Faliro,
Athens,
175 64,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TNP Common Stock New York Stock Exchange US USD 10. Jan 1994
DB TK4 Common Stock Deutsche Boerse AG DE EUR 10. Jan 1994
LSE 0UED Common Stock London Stock Exchange GB USD 10. Jan 1994
NYSE TNP.PRE PERP PFD SER E New York Stock Exchange US USD 30. Mar 2017
NYSE TNP.PRD PERP PFD SER D New York Stock Exchange US USD 27. Apr 2015
NYSE TNP.PRC RED PFD SER C New York Stock Exchange US USD 03. Oct 2013
NYSE TNP.PRF CUM PFD SER F New York Stock Exchange US USD 22. Jun 2018
Number of employees
Current staff
Staff numbers
0
Tsakos Energy Navigation employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:31
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/24
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.