Dividends
Euronav pays an annual dividend of $0.76 per share and has a dividend yield of 5.8%. Euronav pays out 12.6% of its earnings in the form of a dividend. As a group, “Deep sea foreign transportation of freight” companies pay a dividend yield of 5.7% and pay out 32.7% of their earnings in the form of a dividend. Euronav is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.
Institutional and Insider Ownership
45.2% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 16.9% of shares of all “Deep sea foreign transportation of freight” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Earnings and Valuation
This table compares Euronav and its peers gross revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Euronav | $1.24 billion | $858.03 million | 2.19 |
Euronav Competitors | $683.23 million | $120.80 million | 5.97 |
Volatility & Risk
Euronav has a beta of -0.07, indicating that its stock price is 107% less volatile than the S&P 500. Comparatively, Euronav’s peers have a beta of 0.81, indicating that their average stock price is 19% less volatile than the S&P 500.
Profitability
This table compares Euronav and its peers’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Euronav | 112.38% | 22.35% | 11.43% |
Euronav Competitors | 31.77% | 15.77% | 8.32% |
Summary
Euronav beats its peers on 7 of the 11 factors compared.
Euronav Company Profile
Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.
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