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. and Nordic American Tankers Limited are of similar size ($1.7B and $1.7B). Nordic American Tankers Limited trades at the lower P/E: 13.0× against 74.9×. 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 (10.3% vs 6.50%). 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 74.95 12.98 12.77
P/S 0.95 4.19 2.36
P/B 13.65 3.64 2.09
Price to free cash flow 5.00 7.78 9.71
EV/EBITDA 8.08 11.87 8.30
EV/Sales 2.67 4.89 3.88
Earnings yield 1.33% 7.70% 7.15%
Free cash flow yield 20.01% 12.85% 6.86%

Profitability

Metric GEL NAT Oil & Gas Midstream median
Gross margin 35.08% 55.22% 56.58%
Operating margin 19.12% 41.19% 34.18%
Net margin 1.34% 31.86% 22.50%
Free cash flow margin 19.03% 53.77% 13.70%
Return on equity 16.81% 0.00% 14.65%
Return on assets 0.48% 13.17% 5.00%
Return on invested capital 6.66% 13.29% 6.13%

Growth

Metric GEL NAT Oil & Gas Midstream median
Revenue growth (TTM) 16.63% 28.69% 15.60%
EPS growth (last fiscal year) (237.90%) (72.73%) (7.86%)
Revenue growth, 5-year CAGR (2.23%) (3.78%) 9.59%
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 0.78
Current ratio 0.93 3.27 1.19
Net debt to EBITDA 5.82 3.61 3.42

Dividend

Metric GEL NAT Oil & Gas Midstream median
Dividend yield 6.50% 10.31% 4.54%
Payout ratio 4.87 1.34 0.76

Size

Metric GEL NAT Oil & Gas Midstream median
Market cap 1.70b 1.66b 3.73b

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