(TNK) Teekay Tankers - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 2.666m USD | Total Return: 76.8% in 12m
Industry Rotation: +25.3
Avg Turnover: 28.8M
EPS Trend: -6.9%
Qual. Beats: 3
Rev. Trend: -42.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Tailwind, Pullback Swing, Confidence
Teekay Tankers Ltd. (NYSE: TNK) is a Bermuda-based provider of marine transportation services for the global oil industry. The company operates through two primary segments: Tankers and Marine Services, offering voyage and time charters alongside technical management and ship-to-ship transfer services for crude oil and refined petroleum products.
The midstream shipping sector is characterized by high cyclicality, where earnings are heavily influenced by global oil demand and the supply of available tanker tonnage. Teekay Tankers utilizes a mix of fixed-rate time charters and spot market exposure to manage revenue volatility while serving a client base that includes energy majors, utility companies, and government agencies.
Investors can further evaluate the companys historical performance and valuation metrics on ValueRay. The firm’s business model also extends to equipment rental and procurement, providing a diversified service suite within the maritime energy logistics chain.
- Mid-size tanker spot rates drive core revenue volatility and cash flow
- Global crude oil demand shifts influence long-haul voyage charter profitability
- Aging global tanker fleet supply constraints support elevated day rate floors
- Geopolitical tensions and maritime trade route disruptions increase ton-mile demand
- Environmental regulations necessitate costly fleet modernization and emission compliance investments
| Net Income: 428.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -10.20 > 1.0 |
| NWC/Revenue: 112.8% < 20% (prev 71.59%; Δ 41.21% < -1%) |
| CFO/TA 0.15 > 3% & CFO 367.9m > Net Income 428.7m |
| Net Debt (-933.5m) to EBITDA (452.7m): -2.06 < 3 |
| Current Ratio: 9.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (34.9m) vs 12m ago 0.70% < -2% |
| Gross Margin: 34.88% > 18% (prev 0.26%; Δ 3.46k% > 0.5%) |
| Asset Turnover: 45.60% > 50% (prev 57.05%; Δ -11.46% > 0%) |
| Interest Coverage Ratio: 140.5 > 6 (EBITDA TTM 452.7m / Interest Expense TTM 2.61m) |
| A: 0.47 (Total Current Assets 1.27b - Total Current Liabilities 135.2m) / Total Assets 2.39b |
| B: 0.37 (Retained Earnings 873.8m / Total Assets 2.39b) |
| C: 0.17 (EBIT TTM 367.1m / Avg Total Assets 2.21b) |
| D: 4.36 (Book Value of Equity 873.8m / Total Liabilities 200.6m) |
| Altman-Z'' Score: 10.00 = AAA |
| DSRI: 1.42 (Receivables 113.0m/91.6m, Revenue 1.01b/1.15b) |
| GMI: 0.75 (GM 34.88% / 26.25%) |
| AQI: 0.56 (AQ_t 0.01 / AQ_t-1 0.03) |
| SGI: 0.87 (Revenue 1.01b / 1.15b) |
| TATA: 0.03 (NI 428.7m - CFO 367.9m) / TA 2.39b) |
| Beneish M-Score: -3.23 (Cap -4..+1) = AA |
Over the past week, the price has changed by +1.83%, over one month by +3.25%, over three months by +8.73% and over the past year by +76.83%.
- StrongBuy: 4
- Buy: 1
- Hold: 0
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 86.5 | 9.5% |
P/E Forward = 8.0386
P/S = 2.6489
P/B = 1.2211
P/EG = 1.0989
Revenue TTM = 1.01b USD
EBIT TTM = 367.1m USD
EBITDA TTM = 452.7m USD
Long Term Debt = 43.3m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 19.4m USD (from shortTermDebt, last quarter)
Debt = 62.7m USD (corrected: LT Debt 43.3m + ST Debt 19.4m)
Net Debt = -933.5m USD (recalculated: Debt 62.7m - CCE 996.2m)
Enterprise Value = 1.73b USD (2.67b + Debt 62.7m - CCE 996.2m)
Interest Coverage Ratio = 140.5 (Ebit TTM 367.1m / Interest Expense TTM 2.61m)
EV/FCF = 12.53x (Enterprise Value 1.73b / FCF TTM 138.3m)
FCF Yield = 7.98% (FCF TTM 138.3m / Enterprise Value 1.73b)
FCF Margin = 13.74% (FCF TTM 138.3m / Revenue TTM 1.01b)
Net Margin = 42.60% (Net Income TTM 428.7m / Revenue TTM 1.01b)
Gross Margin = 34.88% ((Revenue TTM 1.01b - Cost of Revenue TTM 655.2m) / Revenue TTM)
Gross Margin QoQ = 47.33% (prev 38.64%)
Tobins Q-Ratio = 0.72 (Enterprise Value 1.73b / Total Assets 2.39b)
Interest Expense / Debt = 0.78% (Interest Expense 489k / Debt 62.7m)
Taxrate = 2.54% (4.00m / 157.6m)
NOPAT = 357.8m (EBIT 367.1m * (1 - 2.54%))
Current Ratio = 9.40 (Total Current Assets 1.27b / Total Current Liabilities 135.2m)
Debt / Equity = 0.03 (Debt 62.7m / totalStockholderEquity, last quarter 2.19b)
Debt / EBITDA = -2.06 (Net Debt -933.5m / EBITDA 452.7m)
Debt / FCF = -6.75 (Net Debt -933.5m / FCF TTM 138.3m)
Total Stockholder Equity = 2.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 19.43% (Net Income 428.7m / Total Assets 2.39b)
RoE = 21.40% (Net Income TTM 428.7m / Total Stockholder Equity 2.00b)
RoCE = 17.94% (EBIT 367.1m / Capital Employed (Equity 2.00b + L.T.Debt 43.3m))
RoIC = 17.86% (NOPAT 357.8m / Invested Capital 2.00b)
WACC = 7.15% (E(2.67b)/V(2.73b) * Re(7.30%) + D(62.7m)/V(2.73b) * Rd(0.78%) * (1-Tc(0.03)))
Discount Rate = 7.30% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 51.11 | Cagr: 0.38%
[DCF] Terminal Value 74.96% ; FCFF base≈212.3m ; Y1≈140.6m ; Y5≈65.4m
[DCF] Fair Price = 82.21 (EV 1.53b - Net Debt -933.5m = Equity 2.47b / Shares 30.0m; r=7.15% [WACC]; 5y FCF grow -39.36% → 3.0% )
EPS Correlation: -6.92 | EPS CAGR: 52.40% | SUE: 3.99 | # QB: 3
Revenue Correlation: -42.22 | Revenue CAGR: 4.52% | SUE: 0.40 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.28 | Chg30d=+157.45% | Revisions=+43% | Analysts=2
EPS next Quarter (2026-09-30): EPS=2.79 | Chg30d=+71.60% | Revisions=+43% | Analysts=2
EPS current Year (2026-12-31): EPS=15.39 | Chg30d=+58.02% | Revisions=+50% | GrowthEPS=+121.0% | GrowthRev=+87.4%
EPS next Year (2027-12-31): EPS=7.47 | Chg30d=+14.37% | Revisions=+50% | GrowthEPS=-51.4% | GrowthRev=-34.5%
[Analyst] Revisions Ratio: +50%