Golar LNG Limited (GLNG) vs Teekay Tankers Ltd. (TNK)

Golar LNG Limited and Teekay Tankers Ltd. are both Oil & Gas Midstream companies. Golar LNG Limited is the larger, with a market value of $5.1B against $3.3B — 1.6× the size. Teekay Tankers Ltd. trades at the lower P/E: 5.5× against 31.4×. Golar LNG Limited grew revenue faster over the last twelve months: 59.7% against 15.6%. Teekay Tankers Ltd. has the higher net margin (51.4% vs 35.7%) and the higher return on invested capital (29.3% vs 3.71%). Both pay a dividend; Golar LNG Limited yields more (4.66% vs 3.70%). Across the 22 metrics below, Teekay Tankers Ltd. leads on 17 and Golar LNG Limited on 5.

Valuation

Metric GLNG TNK Oil & Gas Midstream median
P/E 31.40 5.52 13.19
P/S 11.08 2.84 2.60
P/B 2.29 1.38 2.08
Price to free cash flow n/m 5.03 10.14
EV/EBITDA 22.86 3.35 8.11
EV/Sales 14.74 1.85 3.89
Earnings yield 3.18% 18.11% 6.83%
Free cash flow yield (8.71%) 19.90% 6.94%

Profitability

Metric GLNG TNK Oil & Gas Midstream median
Gross margin 65.48% 50.33% 58.81%
Operating margin 50.45% 47.65% 32.14%
Net margin 35.65% 51.35% 21.16%
Free cash flow margin (96.52%) 56.49% 10.15%
Return on equity 7.21% 28.04% 11.30%
Return on assets 6.05% 25.45% 5.00%
Return on invested capital 3.71% 29.30% 6.13%

Growth

Metric GLNG TNK Oil & Gas Midstream median
Revenue growth (TTM) 59.70% 15.60% 15.44%
EPS growth (last fiscal year) 35.42% (13.16%) —
Revenue growth, 5-year CAGR (2.15%) 1.43% 8.96%
Net income growth, 5-year CAGR 0.00% 32.10% 0.00%

Health

Metric GLNG TNK Oil & Gas Midstream median
Debt to equity 1.22 0.00 0.78
Current ratio 2.34 9.99 1.19
Net debt to EBITDA 9.20 (2.16) 3.42

Dividend

Metric GLNG TNK Oil & Gas Midstream median
Dividend yield 4.66% 3.70% 7.29%
Payout ratio 0.27 0.02 0.64

Size

Metric GLNG TNK Oil & Gas Midstream median
Market cap 5.10b 3.26b 3.61b

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