Teekay Tankers Ltd. (TNK) vs TORM PLC (TRMD)

Teekay Tankers Ltd. and TORM PLC are both Oil & Gas Midstream companies. TORM PLC is the larger, with a market value of $4.0B against $3.4B — 1.2× the size. Teekay Tankers Ltd. trades at the lower P/E: 5.7× against 6.2×. TORM PLC grew revenue faster over the last twelve months: 33.2% against 15.6%. Teekay Tankers Ltd. has the higher net margin (51.4% vs 35.5%) and the higher return on invested capital (29.3% vs 13.2%). Both pay a dividend; TORM PLC yields more (11.6% vs 1.03%). Across the 23 metrics below, Teekay Tankers Ltd. leads on 18 and TORM PLC on 5.

Valuation

Metric TNK TRMD Oil & Gas Midstream median
P/E 5.69 6.17 12.77
P/S 2.93 2.22 2.36
P/B 1.42 1.53 2.09
Price to free cash flow 5.18 14.19 9.71
EV/EBITDA 3.45 5.03 8.30
EV/Sales 1.90 2.62 3.88
Earnings yield 17.58% 16.20% 7.15%
Free cash flow yield 19.31% 7.05% 6.86%

Profitability

Metric TNK TRMD Oil & Gas Midstream median
Gross margin 50.33% 85.12% 56.58%
Operating margin 47.65% 39.07% 34.18%
Net margin 51.35% 35.48% 22.50%
Free cash flow margin 56.49% 15.63% 13.70%
Return on equity 28.04% 26.82% 14.65%
Return on assets 25.45% 17.30% 5.00%
Return on invested capital 29.30% 13.19% 6.13%

Growth

Metric TNK TRMD Oil & Gas Midstream median
Revenue growth (TTM) 15.60% 33.16% 15.60%
EPS growth (last fiscal year) (13.16%) (55.19%) (7.86%)
Revenue growth, 5-year CAGR 1.43% 12.38% 9.59%
Net income growth, 5-year CAGR 32.10% 26.49% 0.00%

Health

Metric TNK TRMD Oil & Gas Midstream median
Debt to equity 0.00 0.42 0.78
Current ratio 9.99 2.27 1.19
Net debt to EBITDA (2.16) 1.52 3.42

Dividend

Metric TNK TRMD Oil & Gas Midstream median
Dividend yield 1.03% 11.57% 4.54%
Payout ratio 0.06 0.73 0.76

Size

Metric TNK TRMD Oil & Gas Midstream median
Market cap 3.37b 3.97b 3.73b

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