-1.82%
5.88%
-16.67%
-23.51%
-36.02%
81.21%
-17.43%
AI Spotlight on NAT
Company Description
Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally.It operates a fleet of 24 Suezmax crude oil tankers.The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011.
The company was incorporated in 1995 and is based in Hamilton, Bermuda.
Market Data
| Last Price | 2.7 |
| Change Percentage | -1.82% |
| Open | 2.77 |
| Previous Close | 2.75 |
| Market Cap ( Millions) | 564 |
| Volume | 2731770 |
| Year High | 4.4 |
| Year Low | 2.41 |
| M A 50 | 2.7 |
| M A 200 | 3.48 |
Financial Ratios
| FCF Yield | 7.60% |
| Dividend Yield | 14.81% |
| ROE | 11.95% |
| Debt / Equity | 54.45% |
| Net Debt / EBIDTA | 196.07% |
| Price To Book | 1.11 |
| Price Earnings Ratio | 8.97 |
| Price To FCF | 13.16 |
| Price To sales | 1.85 |
| EV / EBITDA | 6.62 |
News
- Jan -22 - Nordic American Tankers Ltd (NYSE: NAT) – An active period involving several transactions
- Jan -06 - Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
- Dec -17 - Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
- Dec -12 - Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more shares in NAT
- Dec -10 - Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
- Dec -04 - Nordic American Tankers Ltd (NYSE: NAT) – Founder, Chairman & CEO buys more share in NAT
- Dec -02 - Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
- Nov -29 - Nordic American Tankers: Weak Results And Mediocre Near-Term Prospects - Hold
- Nov -29 - Nordic American Tankers (NAT) Lags Q3 Earnings and Revenue Estimates
- Nov -29 - Nordic American Tankers Ltd (NYSE: NAT) – Report as per September 30, 2024 – Prospects for our Suezmax tankers are good
- Nov -29 - Nordic American Tankers Ltd (NYSE: NAT) – Report as per September 30, 2024 – Prospects for our Suezmax tankers are good
- Nov -25 - Nordic American Tankers Ltd (NYSE: NAT) – Announces Results of its 2024 Annual General Meeting of Shareholders
- Nov -04 - Nordic American Tankers Ltd (NYSE: NAT) – Result from US presidential election has no impact on NAT
- Nov -04 - Nordic American Tankers Ltd (NYSE: NAT) – Result from US presidential election has no impact on NAT
- Oct -22 - Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
- Oct -17 - Nordic American Tankers Ltd (NYSE: NAT) – Non-Executive Vice Chairman of NAT, Alexander Hansson buys more shares
- Oct -15 - Nordic American Tankers Ltd (NYSE: NAT) – Long term contract with a major energy company
- Sep -23 - Nordic American Tankers Ltd (NYSE: NAT) – 2024 Annual General Meeting of Shareholders (AGM)
- Sep -11 - Nordic American Tankers Ltd (NYSE: NAT) – Shareholder/Investor conference Thursday September 12, 2024
- Sep -03 - Nordic American Tankers: A 12.9% Dividend Yield And Strong Fundamentals
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Spot Charter
Expected Growth : 4.83 %
What the company do ?
Spot Charter from Nordic American Tankers Limited refers to a short-term voyage charter where a tanker is hired for a single voyage, providing flexibility in a volatile market.
Why we expect these perspectives ?
Nordic American Tankers Limited's 4.83% spot charter growth is driven by increasing global oil demand, improved tanker fleet utilization, and a rise in seaborne trade. Additionally, the company's modern fleet and cost-effective operations enable it to capitalize on a favorable tanker market, further boosting growth.
Segment n°2 -> Time Charter
Expected Growth : 4.65 %
What the company do ?
Time Charter from Nordic American Tankers Limited refers to a contract where a shipowner, like NAT, leases its vessel to a charterer for a fixed period, usually several years, in exchange for a daily rate.
Why we expect these perspectives ?
Nordic American Tankers Limited's 4.65% growth in Time Charter is driven by increasing global oil demand, rising tanker rates, and a strong tanker market. Additionally, the company's modern fleet, cost-effective operations, and strategic partnerships contribute to its growth. Furthermore, the ongoing recovery in the tanker market, driven by OPEC's production cuts and increasing US crude oil exports, also supports the company's growth.
Nordic American Tankers Limited Products
| Product Range | What is it ? |
|---|---|
| Crude Oil Transportation | Nordic American Tankers Limited provides crude oil transportation services through its fleet of Suezmax tankers, offering a safe and efficient way to transport crude oil globally. |
| Product Tankers | The company operates a fleet of product tankers that transport refined petroleum products such as gasoline, diesel, and jet fuel. |
| Ship Management Services | Nordic American Tankers Limited offers ship management services, including technical management, crew management, and commercial management. |
| Vessel Chartering | The company charters its vessels to oil majors, trading companies, and other ship owners and operators. |
Nordic American Tankers Limited's Porter Forces
Threat Of Substitutes
The threat of substitutes for Nordic American Tankers Limited is moderate due to the availability of alternative transportation methods, such as pipelines and railroads, which can potentially reduce the demand for tanker services.
Bargaining Power Of Customers
The bargaining power of customers is relatively low due to the fragmented nature of the tanker chartering market, which limits their ability to negotiate prices and terms.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate due to the presence of a few large shipyards and equipment suppliers, which can exert some pressure on tanker operators like Nordic American Tankers Limited.
Threat Of New Entrants
The threat of new entrants is high due to the relatively low barriers to entry in the tanker industry, which makes it easier for new companies to enter the market and compete with established players like Nordic American Tankers Limited.
Intensity Of Rivalry
The intensity of rivalry in the tanker industry is high due to the large number of players and the competitive nature of the market, which leads to intense competition for market share and charter rates.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 35.91% |
| Debt Cost | 3.95% |
| Equity Weight | 64.09% |
| Equity Cost | 3.49% |
| WACC | 3.66% |
| Leverage | 56.03% |
Nordic American Tankers Limited : Quality Control
Nordic American Tankers Limited passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SFL | SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term … |
| PANL | Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, … |
| GNK | Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports … |
| CLCO | Cool Company Ltd. engages in the ownership, operation, and management of liquefied natural gas carriers (LNGCs) that provides supply chain support solutions for energy industry. The company owns and operates … |
| ALC.TO | Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway in Canada. The company operates in six segments: … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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