Teekay (NYSE:TK) and Euronav (NYSE:CMBT) Financial Analysis

Dividends

Teekay pays an annual dividend of $0.25 per share and has a dividend yield of 4.0%. Euronav pays an annual dividend of $0.52 per share and has a dividend yield of 5.7%. Teekay pays out 16.7% of its earnings in the form of a dividend. Euronav pays out 8.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Euronav is clearly the better dividend stock, given its higher yield and lower payout ratio.

Risk & Volatility

Teekay has a beta of 0.56, suggesting that its share price is 44% less volatile than the S&P 500. Comparatively, Euronav has a beta of -0.12, suggesting that its share price is 112% less volatile than the S&P 500.

Profitability

This table compares Teekay and Euronav’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Teekay	11.05%	6.56%	5.75%
Euronav	117.02%	22.29%	10.17%

Valuation & Earnings

This table compares Teekay and Euronav”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Teekay	$1.46 billion	0.40	$150.64 million	$1.50	4.21
Euronav	$982.85 million	1.88	$858.03 million	$5.93	1.54

Euronav has lower revenue, but higher earnings than Teekay. Euronav is trading at a lower price-to-earnings ratio than Teekay, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

46.7% of Teekay shares are held by institutional investors. 2.4% of Teekay shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Summary

Euronav beats Teekay on 8 of the 13 factors compared between the two stocks.

About Teekay

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services. As of March 1, 2024, the company operated a fleet of approximately 53 owned and chartered-in vessels. It serves energy and utility companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities that depend upon marine transportation. Teekay Corporation was founded in 1973 and is headquartered in Hamilton, Bermuda.

About Euronav

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.