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 $1.7B against $1.3B — 1.2× the size. Navigator Holdings Ltd. trades at the lower P/E: 9.7× against 13.0×. Nordic American Tankers Limited grew revenue faster over the last twelve months: 28.7% against 8.39%. Nordic American Tankers Limited has the higher net margin (31.9% vs 22.8%) and the higher return on invested capital (13.3% vs 5.16%). Both pay a dividend; Nordic American Tankers Limited yields more (10.3% vs 1.31%). 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 12.98 9.74 12.77
P/S 4.19 2.14 2.36
P/B 3.64 1.03 2.09
Price to free cash flow 7.78 6.45 9.71
EV/EBITDA 11.87 6.75 8.30
EV/Sales 4.89 3.19 3.88
Earnings yield 7.70% 10.27% 7.15%
Free cash flow yield 12.85% 15.49% 6.86%

Profitability

Metric NAT NVGS Oil & Gas Midstream median
Gross margin 55.22% 54.61% 56.58%
Operating margin 41.19% 25.77% 34.18%
Net margin 31.86% 22.80% 22.50%
Free cash flow margin 53.77% 33.14% 13.70%
Return on equity 0.00% 11.09% 14.65%
Return on assets 13.17% 5.96% 5.00%
Return on invested capital 13.29% 5.16% 6.13%

Growth

Metric NAT NVGS Oil & Gas Midstream median
Revenue growth (TTM) 28.69% 8.39% 15.60%
EPS growth (last fiscal year) (72.73%) 23.53% (7.86%)
Revenue growth, 5-year CAGR (3.78%) 12.04% 9.59%
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 0.72 0.78
Current ratio 3.27 1.71 1.19
Net debt to EBITDA 3.61 2.48 3.42

Dividend

Metric NAT NVGS Oil & Gas Midstream median
Dividend yield 10.31% 1.31% 4.54%
Payout ratio 1.34 0.13 0.76

Size

Metric NAT NVGS Oil & Gas Midstream median
Market cap 1.66b 1.33b 3.73b

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