(NAT) Nordic American Tankers - Ratings and Ratios
Exchange: NYSE •
Country: Bermuda •
Currency: USD •
Type: Common Stock •
ISIN: BMG657731060
Suezmax Tankers, Crude Oil
Dividends
| Dividend Yield | 11.66% |
| Yield on Cost 5y | 18.26% |
| Yield CAGR 5y | -2.90% |
| Payout Consistency | 80.1% |
| Payout Ratio | 414.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 32.4% |
| Value at Risk 5%th | 49.5% |
| Relative Tail Risk | -7.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.20 |
| Alpha | 38.52 |
| CAGR/Max DD | 0.26 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.377 |
| Beta | 0.325 |
| Beta Downside | 0.578 |
| Drawdowns 3y | |
|---|---|
| Max DD | 46.31% |
| Mean DD | 17.95% |
| Median DD | 15.14% |
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.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (1.91m TTM) > 0 and > 6% of Revenue (6% = 16.9m TTM) |
| FCFTA -0.12 (>2.0%) and ΔFCFTA -17.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 22.91% (prev -11.88%; Δ 34.79pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 23.9m > Net Income 1.91m (YES >=105%, WARN >=100%) |
| Net Debt (365.5m) to EBITDA (92.8m) ratio: 3.94 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.95 (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 16.60% (prev 35.50%; Δ -18.90pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 31.80% (prev 39.84%; Δ -8.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.06 (EBITDA TTM 92.8m / Interest Expense TTM 33.5m) >= 6 (WARN >= 3) |
Altman Z'' 1.73
| (A) 0.07 = (Total Current Assets 131.9m - Total Current Liabilities 67.5m) / Total Assets 927.0m |
| (B) -0.01 = Retained Earnings (Balance) -10.9m / Total Assets 927.0m |
| (C) 0.04 = EBIT TTM 35.4m / Avg Total Assets 883.4m |
| (D) 0.99 = Book Value of Equity 461.1m / Total Liabilities 465.8m |
| Total Rating: 1.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 36.24
| 1. Piotroski 1.0pt |
| 2. FCF Yield -9.67% |
| 3. FCF Margin -39.84% |
| 4. Debt/Equity 0.94 |
| 5. Debt/Ebitda 3.94 |
| 6. ROIC - WACC (= 1.64)% |
| 7. RoE 0.39% |
| 8. Rev. Trend 7.49% |
| 9. EPS Trend 6.92% |
What is the price of NAT shares?
As of December 13, 2025, the stock is trading at USD 3.43 with a total of 1,925,487 shares traded.
Over the past week, the price has changed by -4.99%, over one month by -3.17%, over three months by +12.45% and over the past year by +49.97%.
Over the past week, the price has changed by -4.99%, over one month by -3.17%, over three months by +12.45% and over the past year by +49.97%.
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 | 16.6% |
| Analysts Target Price | 4 | 16.6% |
| ValueRay Target Price | 4.3 | 26.5% |
NAT Fundamental Data Overview December 08, 2025
Market Cap USD = 791.9m (791.9m USD * 1.0 USD.USD)
P/E Forward = 13.9665
P/S = 2.6862
P/B = 1.7174
P/EG = -2.5
Beta = -0.454
Revenue TTM = 280.9m USD
EBIT TTM = 35.4m USD
EBITDA TTM = 92.8m USD
Long Term Debt = 397.6m USD (from longTermDebt, last quarter)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 433.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 365.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.16b USD (791.9m + Debt 433.1m - CCE 67.6m)
Interest Coverage Ratio = 1.06 (Ebit TTM 35.4m / Interest Expense TTM 33.5m)
FCF Yield = -9.67% (FCF TTM -111.9m / Enterprise Value 1.16b)
FCF Margin = -39.84% (FCF TTM -111.9m / Revenue TTM 280.9m)
Net Margin = 0.68% (Net Income TTM 1.91m / Revenue TTM 280.9m)
Gross Margin = 16.60% ((Revenue TTM 280.9m - Cost of Revenue TTM 234.3m) / Revenue TTM)
Gross Margin QoQ = 18.43% (prev 10.20%)
Tobins Q-Ratio = 1.25 (Enterprise Value 1.16b / Total Assets 927.0m)
Interest Expense / Debt = 2.27% (Interest Expense 9.82m / Debt 433.1m)
Taxrate = -0.02% (negative due to tax credits) (-10.0k / 46.6m)
NOPAT = 35.4m (EBIT 35.4m * (1 - -0.02%)) [negative tax rate / tax credits]
Current Ratio = 1.95 (Total Current Assets 131.9m / Total Current Liabilities 67.5m)
Debt / Equity = 0.94 (Debt 433.1m / totalStockholderEquity, last quarter 461.1m)
Debt / EBITDA = 3.94 (Net Debt 365.5m / EBITDA 92.8m)
Debt / FCF = -3.27 (negative FCF - burning cash) (Net Debt 365.5m / FCF TTM -111.9m)
Total Stockholder Equity = 488.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.21% (Net Income 1.91m / Total Assets 927.0m)
RoE = 0.39% (Net Income TTM 1.91m / Total Stockholder Equity 488.9m)
RoCE = 4.00% (EBIT 35.4m / Capital Employed (Equity 488.9m + L.T.Debt 397.6m))
RoIC = 7.11% (NOPAT 35.4m / Invested Capital 498.6m)
WACC = 5.46% (E(791.9m)/V(1.22b) * Re(7.21%) + D(433.1m)/V(1.22b) * Rd(2.27%) * (1-Tc(-0.00)))
Discount Rate = 7.21% (= 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 -111.9m)
EPS Correlation: 6.92 | EPS CAGR: 55.46% | SUE: -1.04 | # QB: 0
Revenue Correlation: 7.49 | Revenue CAGR: 8.60% | SUE: 0.58 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.10 | Chg30d=N/A | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.25 | Chg30d=+0.010 | Revisions Net=+0 | Growth EPS=+442.8% | Growth Revenue=+27.4%
P/E Forward = 13.9665
P/S = 2.6862
P/B = 1.7174
P/EG = -2.5
Beta = -0.454
Revenue TTM = 280.9m USD
EBIT TTM = 35.4m USD
EBITDA TTM = 92.8m USD
Long Term Debt = 397.6m USD (from longTermDebt, last quarter)
Short Term Debt = 35.4m USD (from shortTermDebt, last quarter)
Debt = 433.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 365.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.16b USD (791.9m + Debt 433.1m - CCE 67.6m)
Interest Coverage Ratio = 1.06 (Ebit TTM 35.4m / Interest Expense TTM 33.5m)
FCF Yield = -9.67% (FCF TTM -111.9m / Enterprise Value 1.16b)
FCF Margin = -39.84% (FCF TTM -111.9m / Revenue TTM 280.9m)
Net Margin = 0.68% (Net Income TTM 1.91m / Revenue TTM 280.9m)
Gross Margin = 16.60% ((Revenue TTM 280.9m - Cost of Revenue TTM 234.3m) / Revenue TTM)
Gross Margin QoQ = 18.43% (prev 10.20%)
Tobins Q-Ratio = 1.25 (Enterprise Value 1.16b / Total Assets 927.0m)
Interest Expense / Debt = 2.27% (Interest Expense 9.82m / Debt 433.1m)
Taxrate = -0.02% (negative due to tax credits) (-10.0k / 46.6m)
NOPAT = 35.4m (EBIT 35.4m * (1 - -0.02%)) [negative tax rate / tax credits]
Current Ratio = 1.95 (Total Current Assets 131.9m / Total Current Liabilities 67.5m)
Debt / Equity = 0.94 (Debt 433.1m / totalStockholderEquity, last quarter 461.1m)
Debt / EBITDA = 3.94 (Net Debt 365.5m / EBITDA 92.8m)
Debt / FCF = -3.27 (negative FCF - burning cash) (Net Debt 365.5m / FCF TTM -111.9m)
Total Stockholder Equity = 488.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.21% (Net Income 1.91m / Total Assets 927.0m)
RoE = 0.39% (Net Income TTM 1.91m / Total Stockholder Equity 488.9m)
RoCE = 4.00% (EBIT 35.4m / Capital Employed (Equity 488.9m + L.T.Debt 397.6m))
RoIC = 7.11% (NOPAT 35.4m / Invested Capital 498.6m)
WACC = 5.46% (E(791.9m)/V(1.22b) * Re(7.21%) + D(433.1m)/V(1.22b) * Rd(2.27%) * (1-Tc(-0.00)))
Discount Rate = 7.21% (= 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 -111.9m)
EPS Correlation: 6.92 | EPS CAGR: 55.46% | SUE: -1.04 | # QB: 0
Revenue Correlation: 7.49 | Revenue CAGR: 8.60% | SUE: 0.58 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.10 | Chg30d=N/A | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.25 | Chg30d=+0.010 | Revisions Net=+0 | Growth EPS=+442.8% | Growth Revenue=+27.4%
Additional Sources for NAT Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle