Stock NAT NORDIC AMERICAN TANKERS LIMITED
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Financials Nordic American Tankers Limited

Equities

NAT

BMG657731060

Oil & Gas Transportation Services

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-26 pm EDT 		5-day change 1st Jan Change
3.97 USD +2.85% Intraday chart for Nordic American Tankers Limited +4.47% -5.48%
Mar. 01 Nordic American Tankers Limited Announces Dividend for the Fourth Quarter of 2023, Payable April 10, 2024 CI
Feb. 29 Nordic American Tankers Limited Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 283.9 701.5 445.9 305.6 638.9 828.9 828.9 -
Enterprise Value (EV) 1 652.4 701.5 445.9 550.9 638.9 876.9 957.9 827.9
P/E ratio -2.99 x -70.3 x 8.68 x -2.32 x 43.7 x 8.94 x 6.67 x 6.67 x
Yield 4% 2.64% 15.3% 2.96% 3.59% 11.5% 12.5% 10.7%
Capitalization / Revenue 2.29 x 4 x 1.91 x 4.53 x 3.78 x 3.34 x 3.25 x 2.79 x
EV / Revenue 5.26 x 4 x 1.91 x 8.16 x 3.78 x 3.34 x 3.76 x 2.79 x
EV / EBITDA 21.1 x 7.31 x 2.99 x -33.8 x 7.35 x 4.89 x 4.67 x 3.96 x
EV / FCF -21,148,314 x 13,880,829 x 4,770,931 x -11,495,210 x - - - -
FCF Yield -0% 0% 0% -0% - - - -
Price to Book 0.47 x 1.22 x - - - - - -
Nbr of stocks (in thousands) 141,948 142,586 151,163 180,819 208,796 208,796 208,796 -
Reference price 2 2.000 4.920 2.950 1.690 3.060 3.970 3.970 3.970
Announcement Date 2/19/19 2/18/20 2/26/21 2/25/22 2/27/23 2/29/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 124 175.4 233.5 67.5 168.8 262.2 254.7 297.3
EBITDA 1 30.87 95.94 149.1 -16.29 86.89 179.3 205.1 208.9
EBIT 1 -29.83 31.97 81.23 -84.15 41.87 127.9 112.7 155.8
Operating Margin -24.05% 18.22% 34.78% -124.68% 24.8% 48.78% 44.24% 52.42%
Earnings before Tax (EBT) - -10.35 50.03 - - - - -
Net income 1 -94.42 -10.35 50.03 -119.4 15.1 98.71 82.8 124
Net margin -76.14% -5.9% 21.42% -176.93% 8.94% 37.65% 32.5% 41.71%
EPS 2 -0.6700 -0.0700 0.3400 -0.7300 0.0700 0.4700 0.5950 0.5950
Free Cash Flow -30.85 50.54 93.47 -47.92 - - - -
FCF margin -24.88% 28.81% 40.02% -71% - - - -
FCF Conversion (EBITDA) - 52.68% 62.7% - - - - -
FCF Conversion (Net income) - - 186.81% - - - - -
Dividend per Share 2 0.0800 0.1300 0.4500 0.0500 0.1100 0.4567 0.4950 0.4250
Announcement Date 2/19/19 2/18/20 2/26/21 2/25/22 2/27/23 2/29/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3
Net sales 1 18.81 16.75 9.313 22.62 15.52 34.75 47.38 71.1 87.09 67.8 48.04 66.93 66.19 45.95 63.85
EBITDA 1 -1.303 -4.643 -12.27 1.9 -7.719 14.2 29.59 51.15 67.67 47.24 27.11 46.73 44.27 23.76 41.48
EBIT 1 -18.38 -21.76 -29.77 -14.24 -19.64 1.916 17.14 43.72 54.68 34.15 14.47 33.57 30.99 10.48 28.2
Operating Margin -97.71% -129.95% -319.62% -62.96% -126.56% 5.51% 36.18% 61.5% 62.78% 50.37% 30.12% 50.16% 46.82% 22.8% 44.16%
Earnings before Tax (EBT) -25.03 -28.69 -44.66 -21.04 - - - - - - - - - - -
Net income 1 -25.03 -28.69 -44.66 -21 -27 -4 10.01 36.03 46.91 26.79 7.487 27.9 23.26 2.75 20.98
Net margin -133.06% -171.3% -479.6% -92.82% -173.96% -11.51% 21.12% 50.68% 53.86% 39.51% 15.59% 41.69% 35.14% 5.99% 32.85%
EPS 2 -0.1600 -0.1800 -0.2700 -0.1200 -0.1400 -0.0200 0.0500 0.1700 0.2200 0.1300 0.0400 0.1350 0.1100 0.0900 0.1750
Dividend per Share 2 0.0200 0.0100 0.0100 0.0100 0.0200 0.0300 - 0.0500 - 0.1300 0.0600 0.0800 - - -
Announcement Date 5/25/21 8/30/21 11/24/21 2/25/22 5/31/22 8/30/22 11/30/22 2/27/23 5/22/23 8/28/23 11/29/23 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 369 - - 245 - 246 129 -
Net Cash position 1 - - - - - - - 1
Leverage (Debt/EBITDA) 11.94 x - - -15.06 x - 1.306 x 0.6289 x -
Free Cash Flow -30.8 50.5 93.5 -47.9 - - - -
ROE (net income / shareholders' equity) -11.5% - 8.38% - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 4.240 4.040 - - - - - -
Cash Flow per Share 2 -0.1100 0.3600 0.7300 -0.2700 0.1200 0.6700 0.8900 0.8900
Capex 1 4.81 2.53 6.85 3.87 95.4 72.1 3.8 4.53
Capex / Sales 3.88% 1.44% 2.93% 5.73% 56.52% 26.73% 1.49% 1.53%
Announcement Date 2/19/19 2/18/20 2/26/21 2/25/22 2/27/23 2/29/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Nordic American Tankers Limited

Trading Rating
Investor Rating
ESG Refinitiv
D-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
3.97 USD
Average target price
5.4 USD
Spread / Average Target
+36.02%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Sea-Borne Tankers

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Sea-Borne Tankers
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