Genesis Energy, L.P. (GEL) vs Nordic American Tankers Limited (NAT)

Genesis Energy, L.P. and Nordic American Tankers Limited are both Oil & Gas Midstream companies. Genesis Energy, L.P. is the larger, with a market value of $1.5B against $1.4B — 1.1× the size. Nordic American Tankers Limited trades at the lower P/E: 11.2× against 66.1×. Nordic American Tankers Limited grew revenue faster over the last twelve months: 28.7% against 16.6%. Nordic American Tankers Limited has the higher net margin (31.9% vs 1.34%) and the higher return on invested capital (13.3% vs 6.66%). Both pay a dividend; Nordic American Tankers Limited yields more (12.0% vs 6.05%). Across the 23 metrics below, Nordic American Tankers Limited leads on 15 and Genesis Energy, L.P. on 8.

Valuation

Metric GEL NAT Oil & Gas Midstream median
P/E 66.11 11.19 11.68
P/S 0.84 3.61 2.39
P/B 12.04 3.14 1.68
Price to free cash flow 4.41 6.71 8.52
EV/EBITDA 7.74 10.47 9.03
EV/Sales 2.56 4.31 3.43
Earnings yield 1.51% 8.94% 7.78%
Free cash flow yield 22.69% 14.91% 7.11%

Profitability

Metric GEL NAT Oil & Gas Midstream median
Gross margin 35.08% 55.22% 54.87%
Operating margin 19.12% 41.19% 34.73%
Net margin 1.34% 31.86% 20.12%
Free cash flow margin 19.03% 53.77% 14.43%
Return on equity 16.81% 0.00% 11.73%
Return on assets 0.48% 13.17% 4.43%
Return on invested capital 6.66% 13.29% 6.10%

Growth

Metric GEL NAT Oil & Gas Midstream median
Revenue growth (TTM) 16.63% 28.69% 14.88%
EPS growth (last fiscal year) (237.90%) (72.73%) (7.78%)
Revenue growth, 5-year CAGR (2.23%) (3.78%) 10.05%
Net income growth, 5-year CAGR 0.00% (24.50%) 0.00%

Health

Metric GEL NAT Oil & Gas Midstream median
Debt to equity 25.09 0.85 0.77
Current ratio 0.93 3.27 1.19
Net debt to EBITDA 5.82 3.61 3.46

Dividend

Metric GEL NAT Oil & Gas Midstream median
Dividend yield 6.05% 11.97% 4.94%
Payout ratio 4.00 1.34 0.73

Size

Metric GEL NAT Oil & Gas Midstream median
Market cap 1.53b 1.38b 3.56b

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