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 $1.4B against $1.2B — 1.2× the size. Tsakos Energy Navigation Ltd trades at the lower P/E: 7.5× against 9.4×. 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 7.53 9.38 13.19
P/S 1.44 1.02 2.60
P/B 0.68 0.51 2.08
Price to free cash flow n/m 1.37 10.14
EV/EBITDA 7.25 0.24 8.11
EV/Sales 3.13 0.09 3.89
Earnings yield 13.28% 10.66% 6.83%
Free cash flow yield (19.20%) 72.93% 6.94%

Profitability

Metric TEN TK Oil & Gas Midstream median
Gross margin 61.58% 39.94% 58.81%
Operating margin 43.17% 29.93% 32.14%
Net margin 30.77% 10.96% 21.16%
Free cash flow margin (27.72%) 0.00% 10.15%
Return on equity 15.61% 0.00% 11.30%
Return on assets 7.22% 0.00% 5.00%
Return on invested capital 7.05% 0.00% 6.13%

Growth

Metric TEN TK Oil & Gas Midstream median
Revenue growth (TTM) 23.23% (16.70%) 15.44%
EPS growth (last fiscal year) (11.53%) (19.72%) —
Revenue growth, 5-year CAGR 4.40% (3.70%) 8.96%
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 0.78
Current ratio 1.40 10.36 1.19
Net debt to EBITDA 3.89 (2.50) 3.42

Dividend

Metric TEN TK Oil & Gas Midstream median
Dividend yield 4.18% — 7.29%
Payout ratio 0.05 0.00 0.64

Size

Metric TEN TK Oil & Gas Midstream median
Market cap 1.38b 1.20b 3.61b

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