Tsakos Energy Navigation Ltd (TEN) vs Teekay Corporation Ltd. (TK)

Tsakos Energy Navigation Ltd and Teekay Corporation Ltd. are both Oil & Gas Midstream companies. Tsakos Energy Navigation Ltd is the larger, with a market value of $1.3B against $1.1B — 1.2× the size. Tsakos Energy Navigation Ltd trades at the lower P/E: 4.6× against 8.7×. Tsakos Energy Navigation Ltd grew revenue faster over the last twelve months: 23.2% against −16.7%. Tsakos Energy Navigation Ltd has the higher net margin (30.8% vs 11.0%) and the higher return on invested capital (7.05% vs 0.00%). Across the 20 metrics below, Tsakos Energy Navigation Ltd leads on 11 and Teekay Corporation Ltd. on 9.

Valuation

Metric TEN TK Oil & Gas Midstream median
P/E 4.55 8.68 11.80
P/S 1.40 0.95 2.38
P/B 0.66 0.48 1.65
Price to free cash flow n/m 1.27 7.76
EV/EBITDA 7.15 0.03 7.88
EV/Sales 3.09 0.01 3.36
Earnings yield 21.97% 11.52% 7.98%
Free cash flow yield (19.75%) 78.86% 7.23%

Profitability

Metric TEN TK Oil & Gas Midstream median
Gross margin 61.58% 39.94% 55.22%
Operating margin 43.17% 29.93% 35.83%
Net margin 30.77% 10.96% 20.12%
Free cash flow margin (27.72%) 0.00% 14.43%
Return on equity 15.61% 0.00% 14.03%
Return on assets 7.25% 0.00% 4.62%
Return on invested capital 7.05% 0.00% 6.10%

Growth

Metric TEN TK Oil & Gas Midstream median
Revenue growth (TTM) 23.23% (16.70%) 15.70%
EPS growth (last fiscal year) (11.53%) (19.72%) (7.78%)
Revenue growth, 5-year CAGR 4.40% (3.70%) 10.05%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TEN TK Oil & Gas Midstream median
Debt to equity 1.02 0.00 0.77
Current ratio 1.40 10.36 1.16
Net debt to EBITDA 3.89 (2.50) 3.46

Dividend

Metric TEN TK Oil & Gas Midstream median
Dividend yield — 0.00% 5.03%
Payout ratio — — 0.73

Size

Metric TEN TK Oil & Gas Midstream median
Market cap 1.30b 1.09b 3.30b

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