Navigator Holdings Ltd. (NVGS) vs Teekay Corporation Ltd. (TK)

Navigator Holdings Ltd. and Teekay Corporation Ltd. are both Oil & Gas Midstream companies. Navigator Holdings Ltd. is the larger, with a market value of $1.4B against $1.2B — 1.2× the size. Teekay Corporation Ltd. trades at the lower P/E: 9.4× against 10.5×. Navigator Holdings Ltd. grew revenue faster over the last twelve months: 8.39% against −16.7%. Navigator Holdings Ltd. has the higher net margin (22.8% vs 11.0%) and the higher return on invested capital (5.16% vs 0.00%). Across the 21 metrics below, Teekay Corporation Ltd. leads on 12 and Navigator Holdings Ltd. on 9.

Valuation

Metric NVGS TK Oil & Gas Midstream median
P/E 10.51 9.38 13.19
P/S 2.31 1.02 2.60
P/B 1.12 0.51 2.08
Price to free cash flow 6.97 1.37 10.14
EV/EBITDA 7.11 0.24 8.11
EV/Sales 3.36 0.09 3.89
Earnings yield 9.51% 10.66% 6.83%
Free cash flow yield 14.36% 72.93% 6.94%

Profitability

Metric NVGS TK Oil & Gas Midstream median
Gross margin 54.61% 39.94% 58.81%
Operating margin 25.77% 29.93% 32.14%
Net margin 22.80% 10.96% 21.16%
Free cash flow margin 33.14% 0.00% 10.15%
Return on equity 11.09% 0.00% 11.30%
Return on assets 5.96% 0.00% 5.00%
Return on invested capital 5.16% 0.00% 6.13%

Growth

Metric NVGS TK Oil & Gas Midstream median
Revenue growth (TTM) 8.39% (16.70%) 15.44%
EPS growth (last fiscal year) 23.53% (19.72%) —
Revenue growth, 5-year CAGR 12.04% (3.70%) 8.96%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NVGS TK Oil & Gas Midstream median
Debt to equity 0.72 0.00 0.78
Current ratio 1.71 10.36 1.19
Net debt to EBITDA 2.48 (2.50) 3.42

Dividend

Metric NVGS TK Oil & Gas Midstream median
Dividend yield 1.11% — 7.29%
Payout ratio 0.00 0.00 0.64

Size

Metric NVGS TK Oil & Gas Midstream median
Market cap 1.44b 1.20b 3.61b

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