Euronav NV owns, operates, and manages a fleet of vessels for the transportation and storage of crude oil and petroleum products worldwide. The company was founded in 2003 and is based in Antwerp, Belgium.
EURN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for EURN, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Euronav NV ranked in the 70th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Euronav NV, consider:
As a business, EURN is generating more cash flow than 72.44% of positive cash flow stocks in the Energy.
49% of the company's capital comes from equity, which is greater than only 22.17% of stocks in our cash flow based forecasting set.
Euronav NV's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 24.35% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as EURN, try RES, UGP, CCLP, KMI, and GEOS.
Key Takeaway DHT Holdings Inc. (DHT) has a solid track record of reading the shipping cycles successfully. As a matter of fact, the management does it from 2013 up until now consistently. During the recent period of strong earnings and asset values appreciation, management earmarks the excess cash from operations...
Shipping Equity Analysis on Seeking Alpha | September 30, 2020
Source: Euronav On June 25, 2020, I published an article on Seeking Alpha entitled, "Shorting Tanker Names For Outperformance In 2020: Euronav And Nordic American Tankers." In the article I mentioned that my tanker trading returns earned about 47% year-to-date (YTD), and my Nordic American Tankers (NAT) position price is...
Retail stock traders have taken center stage this year, embracing speculative bets that institutional investors have shunned. How does this trend affect ocean shipping equities? One indicator is stocks owned by customers of the highly popular Robinhood platform.Robinhood discloses how many of its users own each stock at any given moment. This data is downloaded daily and measured over time by Robintrack.net. FreightWaves sifted through the Robintrack database and the Robinhood disclosures and picked out the leading shipping equities.The result is a very, very different Top 10 list than you’d get from institutional investors.10 — Scorpio Tankers The Robinhood lineup starts out on normal footing with Scorpio Tankers inc. (NYSE: STNG).Scorpio is the largest publicly listed product-tanker o...
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
By Firat KayakiranAn oil trade that made its way into Donald Trump’s press briefings -- and earned big profits for commodity merchants and tanker owners alike -- is fading away with every dollar that the price of crude rallies.When oil demand cratered earlier this year because of the coronavirus and a flood of cargoes, the U.S. president talked about “oil all over the oceans.” It was a reference to the tens of millions of barrels of unwanted crude that traders were hoarding on ships at profit. Tanker owners including Frontline Ltd. and Euronav NV also reaped windfalls as a frenzy to book the ships on storage charters drove up rates.Those days are done. The big financial incentive to store, known in trader jargon as contango, has all but vanished. Worse still for tanker owners: it’s disa...