TNK Valuation

Teekay Tankers Ltd

Add to Watchlist

Advanced Chart

44.990

-0.23(-0.509%)1D

Overview
Forecast
Valuation
Earnings

TNK Relative Valuation

TNK's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TNK is overvalued; if below, it's undervalued.

Historical Valuation

Teekay Tankers Ltd (TNK) is now in the Fair zone, suggesting that its current forward PS ratio of 2.35 is considered Fairly compared with the five-year average of 0.39. The fair price of Teekay Tankers Ltd (TNK) is between 28.07 to 46.20 according to relative valuation methord.

Relative Value

Fair Zone

28.07-46.20

Current Price：45.44

Fair

6.42

Trailing

Forward

2.89

EV/EBITDA

Teekay Tankers Ltd. (TNK) has a current EV/EBITDA of 2.89. The 5-year average EV/EBITDA is 77.15. The thresholds are as follows: Strongly Undervalued below -564.36, Undervalued between -564.36 and -243.60, Fairly Valued between 397.91 and -243.60, Overvalued between 397.91 and 718.66, and Strongly Overvalued above 718.66. The current Forward EV/EBITDA of 2.89 falls within the Historic Trend Line -Fairly Valued range.

3.41

EV/EBIT

Teekay Tankers Ltd. (TNK) has a current EV/EBIT of 3.41. The 5-year average EV/EBIT is 1.14. The thresholds are as follows: Strongly Undervalued below -32.30, Undervalued between -32.30 and -15.58, Fairly Valued between 17.86 and -15.58, Overvalued between 17.86 and 34.57, and Strongly Overvalued above 34.57. The current Forward EV/EBIT of 3.41 falls within the Historic Trend Line -Fairly Valued range.

2.35

Teekay Tankers Ltd. (TNK) has a current PS of 2.35. The 5-year average PS is 1.70. The thresholds are as follows: Strongly Undervalued below 0.53, Undervalued between 0.53 and 1.12, Fairly Valued between 2.29 and 1.12, Overvalued between 2.29 and 2.88, and Strongly Overvalued above 2.88. The current Forward PS of 2.35 falls within the Overvalued range.

4.45

P/OCF

Teekay Tankers Ltd. (TNK) has a current P/OCF of 4.45. The 5-year average P/OCF is 3.49. The thresholds are as follows: Strongly Undervalued below -1.56, Undervalued between -1.56 and 0.97, Fairly Valued between 6.02 and 0.97, Overvalued between 6.02 and 8.55, and Strongly Overvalued above 8.55. The current Forward P/OCF of 4.45 falls within the Historic Trend Line -Fairly Valued range.

4.88

P/FCF

Teekay Tankers Ltd. (TNK) has a current P/FCF of 4.88. The 5-year average P/FCF is 5.61. The thresholds are as follows: Strongly Undervalued below -6.43, Undervalued between -6.43 and -0.41, Fairly Valued between 11.63 and -0.41, Overvalued between 11.63 and 17.65, and Strongly Overvalued above 17.65. The current Forward P/FCF of 4.88 falls within the Historic Trend Line -Fairly Valued range.

Teekay Tankers Ltd (TNK) has a current Price-to-Book (P/B) ratio of 0.84. Compared to its 3-year average P/B ratio of 1.07 , the current P/B ratio is approximately -21.53% higher. Relative to its 5-year average P/B ratio of 0.83, the current P/B ratio is about 1.20% higher. Teekay Tankers Ltd (TNK) has a Forward Free Cash Flow (FCF) yield of approximately 21.03%. Compared to its 3-year average FCF yield of 24.00%, the current FCF yield is approximately -12.41% lower. Relative to its 5-year average FCF yield of 23.73% , the current FCF yield is about -11.40% lower.

0.84

P/B

Median3y

1.07

Median5y

0.83

21.03

FCF Yield

Median3y

24.00

Median5y

23.73

Competitors Valuation Multiple

The average P/S ratio for TNK's competitors is 2.40, providing a benchmark for relative valuation. Teekay Tankers Ltd Corp (TNK) exhibits a P/S ratio of 2.35, which is -2.09% above the industry average. Given its robust revenue growth of -31.54%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Golden Ocean Group Ltd

Performance Decomposition

Market capitalization of TNK decreased by 31.25% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 3.84 to 4.75.

The secondary factor is the Margin Expansion, contributed -23.30%to the performance.

Overall, the performance of TNK in the past 1 year is driven by P/E Change. Which is more unsustainable.

-31.54%

338.34M → 231.64M

Revenue Growth

-23.30%

42.79 → 32.82

Margin Expansion

23.59%

3.84 → 4.75

P/E Change

-31.25%