Financials Euronav NV

Equities

EURN

BE0003816338

Oil & Gas Transportation Services

Market Closed - Euronext Bruxelles 11:39:01 2024-05-02 am EDT Pre-market 01:39:33 am
15.63 EUR +0.19% Intraday chart for Euronav NV 15.9 +1.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,648 1,622 1,789 3,388 3,559 3,248 - -
Enterprise Value (EV) 1 4,063 2,741 3,352 4,905 4,031 3,246 3,145 3,986
P/E ratio 22.4 x 3.58 x -5.28 x 16.6 x 4.13 x 5.09 x 9.13 x 10.4 x
Yield 2.84% 17.4% 1.35% 0.71% - 20.8% 11.2% 5.68%
Capitalization / Revenue 2.84 x 1.32 x 4.26 x 3.96 x 2.88 x 3.24 x 3.04 x 3.15 x
EV / Revenue 4.36 x 2.23 x 7.98 x 5.74 x 3.26 x 3.24 x 2.94 x 3.87 x
EV / EBITDA 7.89 x 3.3 x 69.3 x 11.6 x 4.91 x 4.3 x 4.67 x 5.61 x
EV / FCF 15.4 x 3.75 x -7.64 x 55.2 x 2.36 x 2.21 x 12.2 x 10.4 x
FCF Yield 6.51% 26.6% -13.1% 1.81% 42.3% 45.2% 8.2% 9.58%
Price to Book 1.17 x 0.73 x 0.91 x 1.56 x 1.51 x 1.62 x 1.47 x 1.55 x
Nbr of stocks (in thousands) 215,079 201,228 201,678 201,784 201,913 194,217 - -
Reference price 2 12.31 8.061 8.868 16.79 17.63 16.72 16.72 16.72
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 932.4 1,231 419.8 854.7 1,237 1,001 1,070 1,031
EBITDA 1 515.2 831.3 48.35 421.1 821.7 755.1 674.1 710.2
EBIT 1 177.7 511.6 -296.6 198.2 600.7 558 493 407.3
Operating Margin 19.06% 41.57% -70.67% 23.19% 48.54% 55.74% 46.09% 39.51%
Earnings before Tax (EBT) 1 118.5 474.7 -339.6 205.7 868.4 609.3 353.2 384.5
Net income 1 118.9 472.8 -339.2 202.9 862.3 635.4 342.9 330.6
Net margin 12.75% 38.41% -80.8% 23.74% 69.69% 63.47% 32.06% 32.07%
EPS 2 0.5500 2.250 -1.680 1.010 4.270 3.284 1.831 1.613
Free Cash Flow 1 264.7 730.2 -438.5 88.79 1,705 1,466 258 382
FCF margin 28.39% 59.33% -104.46% 10.39% 137.82% 146.42% 24.12% 37.06%
FCF Conversion (EBITDA) 51.37% 87.83% - 21.09% 207.54% 194.12% 38.27% 53.79%
FCF Conversion (Net income) 222.65% 154.45% - 43.76% 197.76% 230.69% 75.23% 115.54%
Dividend per Share 2 0.3500 1.400 0.1200 0.1200 - 3.483 1.875 0.9500
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2024 Q4 2025 Q1
Net sales 1 99.14 117.4 114.4 148.7 223.5 368.1 344.6 348.2 278.4 270.9 262.8 218.8 230.3 265.6 245.9
EBITDA 1 -1.023 24.29 20.05 47.05 99.48 254.5 236.5 248.6 209.6 155.8 144.2 125.7 119.3 160.6 166
EBIT 1 -88.81 -61.69 -32.55 -6.6 40.69 196.7 180.2 193 149.9 106.4 282.4 94.09 56.69 99.5 152
Operating Margin -89.58% -52.54% -28.46% -4.44% 18.2% 53.43% 52.28% 55.42% 53.85% 39.29% 107.44% 43.01% 24.62% 37.46% 61.82%
Earnings before Tax (EBT) 1 -105.6 -71.76 -43.34 -9.863 23.45 235.4 171.8 163.3 121.6 411.8 354.9 71.97 59.42 101 140
Net income 1 -105.9 -72.56 -43.37 -4.904 16.45 234.7 175 161.8 114.6 410.9 352.5 69.6 57.06 98.59 140
Net margin -106.82% -61.79% -37.92% -3.3% 7.36% 63.77% 50.79% 46.48% 41.16% 151.68% 134.13% 31.82% 24.78% 37.12% 56.94%
EPS 2 -0.5300 -0.3600 -0.2200 -0.0200 0.0800 1.160 0.8700 0.8000 0.5700 2.030 0.5098 0.1876 0.3738 0.5615 -
Dividend per Share 0.0300 0.0300 0.0300 0.0300 0.0300 0.0300 - 0.8000 - - - - - - -
Announcement Date 11/4/21 2/3/22 5/12/22 8/4/22 11/3/22 2/2/23 5/11/23 8/3/23 11/2/23 2/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,415 1,119 1,563 1,516 472 - - 738
Net Cash position 1 - - - - - 1.85 102 -
Leverage (Debt/EBITDA) 2.747 x 1.346 x 32.33 x 3.601 x 0.5745 x - - 1.04 x
Free Cash Flow 1 265 730 -439 88.8 1,705 1,466 258 382
ROE (net income / shareholders' equity) 4.91% 20.5% -15.9% 9.82% 38% 25.3% 18.7% 21.1%
ROA (Net income/ Total Assets) 2.71% 12% -9.09% 5.24% 23.4% 16.3% 10.7% -
Assets 1 4,386 3,926 3,732 3,869 3,680 3,909 3,216 -
Book Value Per Share 2 10.50 11.00 9.720 10.80 11.70 10.30 11.40 10.80
Cash Flow per Share 2 1.260 4.540 -0.1300 1.270 4.150 4.410 3.610 2.630
Capex 1 8.04 225 413 523 337 163 147 163
Capex / Sales 0.86% 18.3% 98.44% 61.25% 27.25% 16.3% 13.73% 15.81%
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
16.72 USD
Average target price
18.02 USD
Spread / Average Target
+7.77%
Consensus