| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 12.8x | 17.8x | Around median | |
Growth | 56 | 29.1% | 7.1% | Around median | |
Quality | 95 | 13.7% | 4.5% | Top tier | |
Safety | 66 | 1.5x | 2.6x | Top tier | |
Capital Return | 86 | 4.83% | 2.12% | Top tier | |
Momentum | 99 | 112.6% | 2.9% | Top tier | |
Sentiment | 24 | 1 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Nordic American Tankers Limited transports crude oil by sea using Suezmax tankers and serves major oil companies such as ExxonMobil, Shell, BP, Total, and Equinor. In the Q4 FY2022 earnings call, management explained that its operations extend to China, Japan, Korea, India, the Middle East, and Guyana, and that revenue depends heavily on tanker charter rates and the volume of transportation activity measured in ton-miles.
As of March 7, 2023, the company’s fleet comprised 19 tankers, including 15 operating in the spot market, giving it direct exposure to rising freight rates while also increasing the sensitivity of its results to tanker market cycles. Two tankers were also tied to a six-year contract with the Sultanate of Oman at a rate that management indicated was approximately in the mid-$20,000 range, providing a degree of contractual stability within a mix dominated by spot-market activity.
In FY2025, revenue totaled $291.7 million and gross profit was $181.8 million, representing a calculated gross margin of approximately 62.3%, while net income was $12.3 million and earnings per share were $0.06. These results compare with revenue of $349.7 million, gross profit of $225.1 million, and net income of $46.6 million in FY2024, implying a revenue decline of approximately 16.6% and a net income decrease of approximately 73.6%. The data did not disclose a financial breakdown of revenue by region or customer, but the operating mix reported on March 7, 2023, was clearly weighted toward the spot market.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on NAT is "Neutral," with an average price target of $3.5 and a range of $3 to $4. The average target is near the $3.04 low of the 52-week range and well below its $7.20 high, reflecting a cautious revaluation consistent with the decline in net income from $98.7 million in FY2023 to $12.3 million in FY2025. The absence of a disclosed price-to-earnings multiple limits the ability to compare valuation directly with earnings, so analyst targets and the trajectory of annual earnings remain the clearest valuation anchors in the data.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
The company generates revenue by transporting crude oil by sea using Suezmax tankers for customers including ExxonMobil, Shell, BP, Total, and Equinor. As of March 7, 2023, 15 tankers in a fleet of 19 were operating in the spot market, so a large proportion of revenue is tied to prevailing freight rates. Two tankers were also operating under a six-year contract with the Sultanate of Oman at a rate approximately in the mid-$20,000 range, according to management’s description.
Revenue declined to $291.7 million in FY2025 from $349.7 million in FY2024, while gross profit fell to $181.8 million from $225.1 million. Net income declined more sharply to $12.3 million from $46.6 million, while earnings per share fell to $0.06 from $0.22. These figures illustrate the impact of lower revenue on a company with high spot-market exposure, although the data do not provide a quantitative breakdown of the impact by vessel or region.
As of March 7, 2023, 15 of the 19 tankers were operating in the spot market, making results directly sensitive to changes in Suezmax tanker rates. In the Q4 FY2022 earnings call, the CFO described the business as cyclical, volatile, and highly operationally leveraged. This volatility is evident in net income, which rose from $15.1 million in FY2022 to $98.7 million in FY2023, then declined to $12.3 million in FY2025.
Management said on March 7, 2023, that its first objective was to repay the Beal Bank facility and expected at that time to complete repayment within approximately one year. The CFO stated that dividends could have doubled from the levels at that date after the facility was repaid, all else being equal, without specifying a fixed payout ratio from earnings. Management also noted that it had paid dividends for more than 100 consecutive quarters through the date of the call, but these statements date from Q4 FY2022 and do not represent updated guidance for FY2025.
The analyst consensus is "Neutral," not a buy, and the average price target is $3.5. The targets range from $3 to $4, a narrow range compared with the 52-week range of $3.04–$7.20. The average target is near the lower end of the annual range, consistent with the decline in earnings per share from $0.47 in FY2023 to $0.06 in FY2025.
