Overview Dividends

(NAT) Nordic American Tankers - Ratings and Ratios

Exchange: NYSE • Country: Bermuda • Currency: USD • Type: Common Stock • ISIN: BMG657731060

Suezmax Tankers, Crude Oil

NAT EPS (Earnings per Share)

EPS (Earnings per Share) of NAT over the last years for every Quarter: "2020-09": -0.07, "2020-12": -0.19, "2021-03": -0.16, "2021-06": -0.18, "2021-09": -0.27, "2021-12": -0.12, "2022-03": -0.14, "2022-06": -0.02, "2022-09": 0.05, "2022-12": 0.17, "2023-03": 0.22, "2023-06": 0.13, "2023-09": 0.04, "2023-12": 0.08, "2024-03": 0.07, "2024-06": 0.1, "2024-09": 0.04, "2024-12": 0.01, "2025-03": -0.02, "2025-06": -0.04, "2025-09": 0,
EPS Growth (3Y CAGR): -43.19%
EPS Trend (3Y Correlation): -88.6%

NAT Revenue

Revenue of NAT over the last years for every Quarter: 2020-09: 56.044, 2020-12: 43.841, 2021-03: 47.999, 2021-06: 16.747, 2021-09: 9.313, 2021-12: 55.037, 2022-03: 15.521, 2022-06: 34.75, 2022-09: 47.382, 2022-12: 87.094, 2023-03: 87.094, 2023-06: 67.796, 2023-09: 48.036, 2023-12: 59.254, 2024-03: 95.288, 2024-06: 97.808, 2024-09: 52.036, 2024-12: 46.389, 2025-03: 37.945, 2025-06: 40.153, 2025-09: null,
Revenue Growth (3Y CAGR): -5.84%
Revenue Trend (3Y Correlation): -45.4%
Risk via 10d forecast
Volatility 33.3%
Value at Risk 5%th 51.1%
Reward
Sharpe Ratio 0.72
Alpha Jensen 23.49
Character
Hurst Exponent 0.307
Beta -0.456
Drawdowns 3y
Max DD 46.31%
Mean DD 18.33%

Description: NAT Nordic American Tankers October 24, 2025

Nordic American Tankers Limited (NYSE:NAT) is a Bermuda-incorporated tanker operator that owns, operates, and charters a fleet of 20 double-hull Suezmax crude oil carriers as of 31 December 2024. The company, founded in 1995 and headquartered in Hamilton, focuses on long-term time charters and spot market exposure across global oil trade routes.

Key industry metrics that influence NAT’s performance include the Baltic Dirty Tanker Index (BDTI) for Suezmax vessels, which has averaged a 5-month rolling spot rate of roughly $22,000-$24,000 per day in 2024, and fleet utilization rates that typically hover around 85-90% for Suezmax assets. Additionally, the company’s earnings are sensitive to crude oil demand growth (projected 1.8% YoY in 2025) and to OPEC-plus production adjustments, which drive freight volume and charter rates.

For a deeper, data-driven view of NAT’s valuation and risk profile, you may find it worthwhile to explore the detailed analytics available on ValueRay.

NAT Stock Overview

Market Cap in USD 769m
Sub-Industry Oil & Gas Storage & Transportation
IPO / Inception 1997-09-30
Return 12m vs S&P 500 11.7%
Analyst Rating 3.67 of 5

NAT Dividends

Dividend Yield 7.44%
Yield on Cost 5y 12.50%
Yield CAGR 5y -2.90%
Payout Consistency 80.1%
Payout Ratio 414.3%

NAT Growth Ratios

CAGR 13.13%
CAGR/Max DD Calmar Ratio 0.28
CAGR/Mean DD Pain Ratio 0.72
Current Volume 1873.2k
Average Volume 2304.3k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (13.4m TTM) > 0 and > 6% of Revenue (6% = 10.6m TTM)
FCFTA -0.09 (>2.0%) and ΔFCFTA -12.60pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 48.85% (prev -10.11%; Δ 58.96pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.06 (>3.0%) and CFO 54.8m > Net Income 13.4m (YES >=105%, WARN >=100%)
Net Debt (347.8m) to EBITDA (74.0m) ratio: 4.70 <= 3.0 (WARN <= 3.5)
Current Ratio 2.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (211.8m) change vs 12m ago 1.41% (target <= -2.0% for YES)
Gross Margin 38.94% (prev 39.11%; Δ -0.17pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 19.41% (prev 34.86%; Δ -15.45pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.01 (EBITDA TTM 74.0m / Interest Expense TTM 31.4m) >= 6 (WARN >= 3)

Altman Z'' 0.76

(A) 0.09 = (Total Current Assets 150.9m - Total Current Liabilities 64.7m) / Total Assets 957.4m
(B) -0.01 = Retained Earnings (Balance) -10.9m / Total Assets 957.4m
(C) 0.03 = EBIT TTM 31.7m / Avg Total Assets 909.6m
(D) -0.02 = Book Value of Equity -10.6m / Total Liabilities 472.3m
Total Rating: 0.76 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 33.08

1. Piotroski 3.0pt = -2.0
2. FCF Yield -7.29% = -3.65
3. FCF Margin -46.13% = -7.50
4. Debt/Equity 0.91 = 2.10
5. Debt/Ebitda 4.70 = -2.50
6. ROIC - WACC (= 3.39)% = 4.24
7. RoE 2.67% = 0.22
8. Rev. Trend -45.42% = -3.41
9. EPS Trend -88.59% = -4.43

What is the price of NAT shares?

As of November 12, 2025, the stock is trading at USD 3.63 with a total of 1,873,208 shares traded.
Over the past week, the price has changed by +3.12%, over one month by +12.38%, over three months by +33.73% and over the past year by +28.98%.

Is Nordic American Tankers a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Nordic American Tankers (NYSE:NAT) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 33.08 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NAT is around 4.03 USD . This means that NAT is currently undervalued and has a potential upside of +11.02% (Margin of Safety).

Is NAT a buy, sell or hold?

Nordic American Tankers has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold NAT.
  • Strong Buy: 1
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the NAT price?

Issuer Target Up/Down from current
Wallstreet Target Price 4 10.2%
Analysts Target Price 4 10.2%
ValueRay Target Price 4.3 18.2%

NAT Fundamental Data Overview November 06, 2025

Market Cap USD = 768.7m (768.7m USD * 1.0 USD.USD)
P/E Trailing = 50.2857
P/E Forward = 13.9665
P/S = 2.5522
P/B = 1.4537
P/EG = -2.5
Beta = -0.456
Revenue TTM = 176.5m USD
EBIT TTM = 31.7m USD
EBITDA TTM = 74.0m USD
Long Term Debt = 406.9m USD (from longTermDebt, last quarter)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 442.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 347.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.12b USD (768.7m + Debt 442.3m - CCE 94.5m)
Interest Coverage Ratio = 1.01 (Ebit TTM 31.7m / Interest Expense TTM 31.4m)
FCF Yield = -7.29% (FCF TTM -81.4m / Enterprise Value 1.12b)
FCF Margin = -46.13% (FCF TTM -81.4m / Revenue TTM 176.5m)
Net Margin = 7.58% (Net Income TTM 13.4m / Revenue TTM 176.5m)
Gross Margin = 38.94% ((Revenue TTM 176.5m - Cost of Revenue TTM 107.8m) / Revenue TTM)
Gross Margin QoQ = 16.96% (prev 21.60%)
Tobins Q-Ratio = 1.17 (Enterprise Value 1.12b / Total Assets 957.4m)
Interest Expense / Debt = 2.09% (Interest Expense 9.24m / Debt 442.3m)
Taxrate = -0.02% (negative due to tax credits) (-10.0k / 46.6m)
NOPAT = 31.7m (EBIT 31.7m * (1 - -0.02%)) [negative tax rate / tax credits]
Current Ratio = 2.33 (Total Current Assets 150.9m / Total Current Liabilities 64.7m)
Debt / Equity = 0.91 (Debt 442.3m / totalStockholderEquity, last quarter 485.0m)
Debt / EBITDA = 4.70 (Net Debt 347.8m / EBITDA 74.0m)
Debt / FCF = -4.27 (negative FCF - burning cash) (Net Debt 347.8m / FCF TTM -81.4m)
Total Stockholder Equity = 501.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.40% (Net Income 13.4m / Total Assets 957.4m)
RoE = 2.67% (Net Income TTM 13.4m / Total Stockholder Equity 501.1m)
RoCE = 3.49% (EBIT 31.7m / Capital Employed (Equity 501.1m + L.T.Debt 406.9m))
RoIC = 6.90% (NOPAT 31.7m / Invested Capital 459.8m)
WACC = 3.51% (E(768.7m)/V(1.21b) * Re(4.33%) + D(442.3m)/V(1.21b) * Rd(2.09%) * (1-Tc(-0.00)))
Discount Rate = 4.33% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.70%
Fair Price DCF = unknown (Cash Flow -81.4m)
EPS Correlation: -88.59 | EPS CAGR: -43.19% | SUE: -0.69 | # QB: 0
Revenue Correlation: -45.42 | Revenue CAGR: -5.84% | SUE: -0.16 | # QB: 0

Additional Sources for NAT Stock

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