Teekay Tankers Ltd. (TNK)

Water Transportation

Latest Price

$101.23

TTM P/E

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

59.06

P/B Ratio

1.71

Valuation metrics

EPS: $10.10

Book value / share: $58.77

Formula: √(22.5 × EPS × BVPS)

Graham Number

$115.56

+14% upside

Norm. op. income: $256M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$93.80

7% downside

Base FCF: $290M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$165.90

+64% upside

EPS: $10.10

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$151.50

+50% upside