Sabine Royalty Trust (SBR) vs Tsakos Energy Navigation Ltd (TEN)

Sabine Royalty Trust and Tsakos Energy Navigation Ltd are both Oil & Gas Midstream companies. Tsakos Energy Navigation Ltd is the larger, with a market value of $1.3B against $960.2M — 1.4× the size. Tsakos Energy Navigation Ltd trades at the lower P/E: 4.5× against 13.6×. Tsakos Energy Navigation Ltd grew revenue faster over the last twelve months: 23.2% against −2.95%. Sabine Royalty Trust has the higher net margin (94.7% vs 30.8%) and the lower return on invested capital (0.00% vs 7.05%). Across the 20 metrics below, Sabine Royalty Trust leads on 12 and Tsakos Energy Navigation Ltd on 8.

Valuation

Metric SBR TEN Oil & Gas Midstream median
P/E 13.58 4.50 11.68
P/S 12.86 1.39 2.39
P/B n/m 0.65 1.68
Price to free cash flow n/m n/m 8.52
EV/EBITDA 13.45 7.11 9.03
EV/Sales 12.74 3.07 3.43
Earnings yield 7.37% 22.23% 7.78%
Free cash flow yield 0.00% (19.99%) 7.11%

Profitability

Metric SBR TEN Oil & Gas Midstream median
Gross margin 100.00% 61.58% 54.87%
Operating margin 94.71% 43.17% 34.73%
Net margin 94.71% 30.77% 20.12%
Free cash flow margin 0.00% (27.72%) 14.43%
Return on equity 0.00% 15.61% 11.73%
Return on assets 806.27% 7.25% 4.43%
Return on invested capital 0.00% 7.05% 6.10%

Growth

Metric SBR TEN Oil & Gas Midstream median
Revenue growth (TTM) (2.95%) 23.23% 14.88%
EPS growth (last fiscal year) (7.69%) (11.53%) (7.78%)
Revenue growth, 5-year CAGR 16.35% 4.40% 10.05%
Net income growth, 5-year CAGR 17.13% 0.00% 0.00%

Health

Metric SBR TEN Oil & Gas Midstream median
Debt to equity 0.00 1.02 0.77
Current ratio 7.25 1.40 1.19
Net debt to EBITDA (0.10) 3.89 3.46

Dividend

Metric SBR TEN Oil & Gas Midstream median
Dividend yield 6.77% — 4.94%
Payout ratio 0.92 — 0.73

Size

Metric SBR TEN Oil & Gas Midstream median
Market cap 960.20m 1.30b 3.56b

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