TNP Intrinsic Stock Value – TSAKOS ENERGY NAVIGATION Reports First Quarter FY2023 Earnings Results on March 31 2023
August 15, 2023
☀️Earnings Overview
TSAKOS ($NYSE:TNP): TAKOS ENERGY NAVIGATION reported a 74.5% year-over-year increase in total revenue for the first quarter of FY2023, ending on August 4 2023, reaching USD 261.2 million. Additionally, net income grew from USD 5.5 million the previous year to USD 176.6 million in this quarter.
Stock Price
TSAKOS ENERGY NAVIGATION reported its first quarter FY2023 earnings results on March 31 2023. On Friday, the company’s stock opened at $21.4 and closed at $20.9, down by 1.6% from the previous closing price of $21.2. This marked a decline in share prices for the company in the wake of their earnings report, which may indicate investor uncertainty regarding the company’s performance. The earnings report included an overview of the company’s performance over the first quarter of FY2023, including its financial performance, operational performance, and its outlook for the future. Going forward, TSAKOS ENERGY NAVIGATION is optimistic about its performance in the coming quarters. The company will continue to focus on cost-cutting initiatives and expanding its business operations to capitalize on increasing market demand.
Additionally, the company plans to strategically invest in technology and research to improve its operational efficiency and customer experience. With these efforts, the company is confident that its long-term objectives can be achieved, leading to long-term stockholder value growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TNP. More…
| Total Revenues | Net Income | Net Margin |
| 971.91 | 339.29 | 33.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TNP. More…
| Operations | Investing | Financing |
| 379.25 | -57.29 | 10.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TNP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.42k | 1.75k | 49.89 |
Key Ratios Snapshot
Some of the financial key ratios for TNP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.6% | 38.0% | 46.9% |
| FCF Margin | ROE | ROA |
| 4.7% | 19.4% | 8.3% |
Analysis – TNP Intrinsic Stock Value
At GoodWhale, we have undertaken a comprehensive analysis of TSAKOS ENERGY NAVIGATION’s financials. Our proprietary Valuation Line has determined the intrinsic value of each share to be around $13.6. However, the current market price of TSAKOS ENERGY NAVIGATION stock is $20.9, indicating that it is currently overvalued by 53.6%. This presents an opportunity for investors seeking a potential return on their investment, if they are able to acquire the stock at its current price. More…
Peers
The company’s vessels are among the most modern and efficient in the industry, and its operations are supported by a strong management team with extensive experience in the shipping industry. Tsakos’ fleet consists of crude tankers, product tankers and LNG carriers, which are employed on long-term, stable charters with major oil companies, trading houses and utilities. The company has a strong track record of dividend growth and shareholder value creation. Tsakos’ main competitors are Overseas Shipholding Group Inc (NYSE: OSG), International Seaways Inc (NYSE: INSW) and TORM PLC (NASDAQ: TRMD). These companies are all engaged in the business of international maritime transportation of crude oil and petroleum products.
– Overseas Shipholding Group Inc ($NYSE:OSG)
Overseas Shipholding Group Inc is a shipping company that owns and operates a fleet of tankers that transport crude oil and petroleum products. The company has a market cap of 234.12M as of 2022 and a Return on Equity of 7.85%. The company’s fleet consists of crude oil tankers, product tankers, and LNG carriers.
– International Seaways Inc ($NYSE:INSW)
International Seaways Inc. is a New York-based tanker company that owns and operates a global fleet of oceangoing crude oil, refined petroleum product, and chemical carriers. The company’s market cap is $2.23 billion and its ROE is 0.16%. International Seaways is one of the world’s leading maritime transportation companies, providing safe, reliable, and environmentally responsible shipping services to customers around the globe. The company’s mission is to be the first choice for maritime transportation solutions, delivering value to customers, shareholders, and employees.
– TORM PLC ($NASDAQ:TRMD)
ARM Holdings PLC, together with its subsidiaries, engages in the design of microprocessors, physical libraries, and software development tools. It offers products, technology, and services for embedded systems to original equipment manufacturers, integrated device manufacturers, and intellectual property licensees worldwide. The company was founded in 1990 and is headquartered in Cambridge, the United Kingdom.
Summary
Investors in TAKOS ENERGY NAVIGATION saw significant returns during the first quarter of FY2023, as the company reported a 74.5% increase in total revenue year-over-year and net income grew to USD 176.6 million from USD 5.5 million in the previous year. TAKOS ENERGY NAVIGATION’s stock price has also seen a corresponding surge over the same period, demonstrating the confidence investors have in its ability to continue delivering strong results in the future.
