Critical Survey: Tsakos Energy Navigation (NYSE:TNP) vs. Euroseas (ESEA)

Tsakos Energy Navigation (NYSE: TNP) and Euroseas (NASDAQ:ESEA) are both small-cap transportation companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, risk, profitability, earnings, analyst recommendations, institutional ownership and valuation.

Earnings & Valuation

This table compares Tsakos Energy Navigation and Euroseas’ top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio EBITDA Earnings Per Share Price/Earnings Ratio
Tsakos Energy Navigation $497.94 million 0.74 $195.68 million $0.39 11.26
Euroseas $32.84 million 0.44 $3.25 million ($3.15) -0.41

Tsakos Energy Navigation has higher revenue and earnings than Euroseas. Euroseas is trading at a lower price-to-earnings ratio than Tsakos Energy Navigation, indicating that it is currently the more affordable of the two stocks.

Dividends

Tsakos Energy Navigation pays an annual dividend of $0.20 per share and has a dividend yield of 4.6%. Euroseas does not pay a dividend. Tsakos Energy Navigation pays out 51.3% of its earnings in the form of a dividend.

Insider and Institutional Ownership

28.3% of Tsakos Energy Navigation shares are held by institutional investors. Comparatively, 2.8% of Euroseas shares are held by institutional investors. 1.0% of Tsakos Energy Navigation shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of current ratings and price targets for Tsakos Energy Navigation and Euroseas, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tsakos Energy Navigation 0 2 5 0 2.71
Euroseas 0 0 0 0 N/A

Tsakos Energy Navigation presently has a consensus target price of $5.75, suggesting a potential upside of 30.98%. Given Tsakos Energy Navigation’s higher possible upside, equities research analysts clearly believe Tsakos Energy Navigation is more favorable than Euroseas.

Volatility and Risk

Tsakos Energy Navigation has a beta of 1.69, indicating that its share price is 69% more volatile than the S&P 500. Comparatively, Euroseas has a beta of 1.67, indicating that its share price is 67% more volatile than the S&P 500.

Profitability

This table compares Tsakos Energy Navigation and Euroseas’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Tsakos Energy Navigation 9.61% 3.40% 1.51%
Euroseas -77.39% -17.55% -6.51%

Summary

Tsakos Energy Navigation beats Euroseas on 13 of the 14 factors compared between the two stocks.

About Tsakos Energy Navigation

Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 50 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. Its fleet also includes a liquefied natural gas (LNG) carrier and over two shuttle suezmax tankers with dynamic positioning technology (DP2). This fleet diversity includes a range of sister ships. The operating fleet totals over 5.2 million deadweight tonnage (dwt), all of which is double-hulled. Its diversified fleet, which includes VLCC, suezmax, aframax, panamax, handysize, handymax tankers, LNG carrier and DP2 shuttle tankers, allows it to serve its customers’ international petroleum product and crude oil transportation needs.

About Euroseas

Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers. The Company has a fleet of 12 vessels, including Kamsarmax drybulk carrier, Panamax drybulk carriers and Handymax drybulk carrier, Intermediate containerships, Handysize containerships, and Feeder containerships. The Company’s five drybulk carriers have a total cargo capacity of 351,272 deadweight tons (dwt), and its seven containerships have a cargo capacity of 11,828 twenty-foot equivalent units (teu).

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