Teekay Tankers Ltd. (TNK) intrinsic value & 10-year financials
Teekay Tankers Ltd. (TNK) has a Graham intrinsic value of $335.48 per share. Over the last 10 fiscal years revenue grew 6.3% a year to $951.8M, with an average return on invested capital of 11.6%.
- Graham intrinsic value
- $335.48
- Revenue (FY2025)
- $951.8M
- Revenue growth (10-yr CAGR)
- 6.3%
- ROIC (10-yr avg)
- 11.6%
- Free cash flow (FY2025)
- $115.6M
TNK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $951.8M | $351.2M | $10.10 | $115.6M | 32.5% | 24.7% |
| FY2024 | $1.2B | $403.7M | $11.63 | $401.4M | 30.9% | 29.3% |
| FY2023 | $1.4B | $513.7M | $14.86 | $615.9M | 39.3% | 38.8% |
| FY2022 | $1.1B | $229.1M | $6.68 | $177.8M | 24.1% | 18.4% |
| FY2021 | $542.4M | -$242.4M | -$7.16 | -$128.8M | -35.8% | -13.3% |
| FY2020 | $886.4M | $87.3M | $2.57 | $331.9M | 16.0% | 7.8% |
| FY2019 | $943.9M | $41.4M | $1.23 | $106.0M | 13.1% | 6.5% |
| FY2018 | $755.8M | -$52.5M | -$0.20 | -$13.1M | 1.0% | 0.3% |
| FY2017 | $431.2M | -$58.0M | -$0.31 | $74.9M | 0.3% | 0.1% |
| FY2016 | $550.5M | $62.9M | $0.40 | — | 15.7% | 3.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TEEKAY TANKERS LTD. has demonstrated mature, steady growth, with revenue compounding at 6.3% annually over the past decade.
TEEKAY TANKERS LTD. returns on capital have been average, hovering around 11.6% ROIC over the decade.
Over the decade, TEEKAY TANKERS LTD. shows that management has aggressively returned capital to shareholders by retiring 77.8% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TEEKAY TANKERS LTD. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $335.48 per share.