Company Valuation: Tsakos Energy Navigation Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 143.1 484.7 655.6 511.6 675.5 1,443 -
Change - 238.81% 35.26% -21.96% 32.02% 113.65% -
Enterprise Value (EV) 1 143.1 484.7 1,842 1,915 2,298 3,159 3,587
Change - 238.81% 280.04% 3.95% 20.03% 37.45% 13.55%
P/E - - 2.46x 3.45x 5.04x 10.4x 16.3x
PBR - - 0.41x 0.3x 0.37x 0.74x 0.73x
PEG - - - -0.1x -0.4x 3.09x -0.5x
Capitalization / Revenue 0.41x 0.75x 0.89x 0.79x 1x 2.09x 2.01x
EV / Revenue 0.41x 0.75x 2.51x 2.94x 3.4x 4.57x 5x
EV / EBITDA 1.24x 1.22x 3.76x 4.79x 5.52x 7.5x 8.33x
EV / EBIT -5.17x 1.89x 4.71x 6.87x 9.11x 12.8x 25.1x
EV / FCF 3.17x - 19x -5.28x 10.3x -33.3x -9.25x
FCF Yield 31.5% - 5.26% -18.9% 9.75% -3.01% -10.8%
Dividend per Share 2 0.2 0.25 1 1.5 1.6 1.4 0.2
Rate of return 2.76% 1.48% 4.5% 8.65% 7.14% 2.92% 0.42%
EPS 2 - - 9.04 5.03 4.45 4.6 2.935
Distribution rate - - 11.1% 29.8% 36% 30.4% 6.81%
Net sales 1 348 650.5 733.8 651.2 676.5 692 717.6
EBITDA 1 115.4 395.7 490.4 399.6 416.3 421 430.5
EBIT 1 -27.67 256.4 391.5 278.6 252.3 246 143
Net income 1 -150.6 - 266.7 148.3 132.3 138 87.55
Net Debt 1 - - 1,186 1,403 1,623 1,716 2,144
Reference price 2 7.24 16.93 22.22 17.34 22.42 47.90 47.90
Nbr of stocks (in thousands) 19,760 28,630 29,506 29,506 30,128 30,128 -
Announcement Date 4/14/22 3/16/23 3/27/24 3/27/25 3/6/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.41x4.57x7.5x2.92% 1.44B
7.96x3.49x7.05x6.53% 16.02B
5.15x4.95x5.48x17.71% 10.96B
6.12x4.21x6.13x13.41% 5.13B
5.39x1.92x3.16x2.18% 3.84B
5.24x3.29x4.04x15.63% 3.82B
5.3x4.74x5.34x16.92% 3.55B
12.13x - - 3.23% 3.24B
4.63x4.37x4.93x19.27% 2.94B
5.51x3.49x5.2x7.37% 2.36B
Average 6.78x 3.89x 5.43x 10.52% 5.33B
Weighted average by Cap. 6.67x 3.92x 5.76x 10.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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