Nordic American Tankers Limited (NAT) vs Teekay Corporation Ltd. (TK)

Nordic American Tankers Limited and Teekay Corporation Ltd. are both Oil & Gas Midstream companies. Nordic American Tankers Limited is the larger, with a market value of $1.6B against $1.2B — 1.4× the size. Teekay Corporation Ltd. trades at the lower P/E: 9.4× against 13.1×. Nordic American Tankers Limited grew revenue faster over the last twelve months: 28.7% against −16.7%. Nordic American Tankers Limited has the higher net margin (31.9% vs 11.0%) and the higher return on invested capital (13.3% vs 0.00%). Across the 21 metrics below, Teekay Corporation Ltd. leads on 14 and Nordic American Tankers Limited on 7.

Valuation

Metric NAT TK Oil & Gas Midstream median
P/E 13.14 9.38 13.19
P/S 4.23 1.02 2.60
P/B 3.68 0.51 2.08
Price to free cash flow 7.87 1.37 10.14
EV/EBITDA 11.99 0.24 8.11
EV/Sales 4.94 0.09 3.89
Earnings yield 7.61% 10.66% 6.83%
Free cash flow yield 12.70% 72.93% 6.94%

Profitability

Metric NAT TK Oil & Gas Midstream median
Gross margin 55.22% 39.94% 58.81%
Operating margin 41.19% 29.93% 32.14%
Net margin 31.86% 10.96% 21.16%
Free cash flow margin 53.77% 0.00% 10.15%
Return on equity 0.00% 0.00% 11.30%
Return on assets 13.17% 0.00% 5.00%
Return on invested capital 13.29% 0.00% 6.13%

Growth

Metric NAT TK Oil & Gas Midstream median
Revenue growth (TTM) 28.69% (16.70%) 15.44%
EPS growth (last fiscal year) (72.73%) (19.72%) —
Revenue growth, 5-year CAGR (3.78%) (3.70%) 8.96%
Net income growth, 5-year CAGR (24.50%) 0.00% 0.00%

Health

Metric NAT TK Oil & Gas Midstream median
Debt to equity 0.85 0.00 0.78
Current ratio 3.27 10.36 1.19
Net debt to EBITDA 3.61 (2.50) 3.42

Dividend

Metric NAT TK Oil & Gas Midstream median
Dividend yield 10.13% — 7.29%
Payout ratio 0.66 0.00 0.64

Size

Metric NAT TK Oil & Gas Midstream median
Market cap 1.62b 1.20b 3.61b

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