Of note is the ratio of Teekay Tankers Ltd's sales and general administrative expense to its total operating expenses; merely 11.03% of US stocks have a lower such ratio.
Revenue growth over the past 12 months for Teekay Tankers Ltd comes in at 83.57%, a number that bests 93.78% of the US stocks we're tracking.
Teekay Tankers Ltd's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 26.03%, greater than the shareholder yield of 90.26% of stocks in our set.
If you're looking for stocks that are quantitatively similar to Teekay Tankers Ltd, a group of peers worth examining would be TNP, GASS, WPG, DHC, and NVGS.
TNK's SEC filings can be seen here. And to visit Teekay Tankers Ltd's official web site, go to tankers.
Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. The company was founded in 2007 and is based in Hamilton, Bermuda.
TNK Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Teekay Tankers Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Teekay Tankers Ltd ranked in the 63th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 115.33%. In terms of the factors that were most noteworthy in this DCF analysis for TNK, they are:
Its compound free cash flow growth rate, as measured over the past 4.97 years, is -0.05% -- higher than merely 19.18% of stocks in our DCF forecasting set.
25% of the company's capital comes from equity, which is greater than merely 9.98% of stocks in our cash flow based forecasting set.
As a business, Teekay Tankers Ltd experienced a tax rate of about 14% over the past twelve months; relative to its sector (Energy), this tax rate is higher than 69.78% of stocks generating 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 TNK, try CVX, NEBLQ, HFC, DHT, and GMLP.
Investment Thesis I wrote an article on DHT Holdings (DHT) recently, which is in my view the best positioned oil shipping company. However, when taking the price into account, Teekay Tankers (TNK) might be even more attractive. Data by YCharts Around $10-$11 per share, the stock is trading at such...
Bang For The Buck on Seeking Alpha | September 28, 2020
Teekay Tankers ([[TNK]] -4.4%) sinks in early trade after Bank of America downgrades shares to Underperform from Buy with a $14 price target, cut from $20, as it expects tanker rates will drop in H2 and 2021 from recent highs.BofA analyst Ken Hoexter also believes the peak has passed following...