Nordic American Tankers Limited (NAT) vs Navigator Holdings Ltd. (NVGS)

Nordic American Tankers Limited and Navigator Holdings Ltd. are both Oil & Gas Midstream companies. Nordic American Tankers Limited is the larger, with a market value of $1.4B against $1.2B — 1.2× the size. Navigator Holdings Ltd. trades at the lower P/E: 6.6× against 11.2×. Nordic American Tankers Limited grew revenue faster over the last twelve months: 28.7% against 6.62%. Nordic American Tankers Limited has the higher net margin (31.9% vs 30.1%) and the higher return on invested capital (13.3% vs 5.28%). Both pay a dividend; Nordic American Tankers Limited yields more (12.0% vs 1.43%). Across the 23 metrics below, Navigator Holdings Ltd. leads on 14 and Nordic American Tankers Limited on 9.

Valuation

Metric NAT NVGS Oil & Gas Midstream median
P/E 11.19 6.55 11.68
P/S 3.61 1.95 2.39
P/B 3.14 0.90 1.68
Price to free cash flow 6.71 3.73 8.52
EV/EBITDA 10.47 5.98 9.03
EV/Sales 4.31 2.75 3.43
Earnings yield 8.94% 15.26% 7.78%
Free cash flow yield 14.91% 26.80% 7.11%

Profitability

Metric NAT NVGS Oil & Gas Midstream median
Gross margin 55.22% 53.38% 54.87%
Operating margin 41.19% 25.02% 34.73%
Net margin 31.86% 30.06% 20.12%
Free cash flow margin 53.77% 52.18% 14.43%
Return on equity 0.00% 14.27% 11.73%
Return on assets 13.17% 8.17% 4.43%
Return on invested capital 13.29% 5.28% 6.10%

Growth

Metric NAT NVGS Oil & Gas Midstream median
Revenue growth (TTM) 28.69% 6.62% 14.88%
EPS growth (last fiscal year) (72.73%) 23.53% (7.78%)
Revenue growth, 5-year CAGR (3.78%) 12.04% 10.05%
Net income growth, 5-year CAGR (24.50%) 0.00% 0.00%

Health

Metric NAT NVGS Oil & Gas Midstream median
Debt to equity 0.85 0.57 0.77
Current ratio 3.27 1.38 1.19
Net debt to EBITDA 3.61 2.48 3.46

Dividend

Metric NAT NVGS Oil & Gas Midstream median
Dividend yield 11.97% 1.43% 4.94%
Payout ratio 1.34 0.09 0.73

Size

Metric NAT NVGS Oil & Gas Midstream median
Market cap 1.38b 1.19b 3.56b

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