Tsakos Energy Navigation Ltd Common Shares (TEN)

FairStock Score: 75/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am always wary of commodity businesses, and Tsakos is a capital-intensive owner of crude and product tankers. Its edge is scale and operating experience, not a wide moat; freight rates do the talking. Still, the latest quarter, the 2026 second quarter (2026-Q2), showed revenue of $298.4M and net income of $139.3M, a 46.68% margin, which is extraordinary. The data show a trailing P/E of 5.71 and P/B of 0.87 at the 2026-10-13 close, with ROE 17.22% but ROCE only 5.61%. The Graham Number is $121.55, implying a 53.60% margin of safety versus the $56.40 price, and EV/EBITDA is 6.11. The Piotroski F-Score of 7/9 is respectable. But Graham would demand a hard look at the balance sheet: debt-to-equity is 1.02, Altman Z-Score is 0.81, and trailing free cash flow is -$363.3M, a -31.2% FCF yield. That tells me reported profits are not yet converting into cash. The dividend yield of 3.84% is modest, and beta of -0.25 is unusual. The provided revenue and profit growth figures are huge, but shipping is cyclical and I cannot treat a peak margin as permanent. FairStock score 75/100. FairStock's Lynch category is none because only 0 years of filed results are available and it needs 3. At less than book value and under six times earnings, the price already discounts a lot of trouble, but without positive cash flow I would call it statistically cheap, not safely cheap.

In plain English: Tsakos Energy Navigation owns tanker ships that move crude oil and petroleum products across the sea. The business looks strong right now: in the 2026 second quarter (2026-Q2), it earned $139.3 million on $298.4 million of revenue, a very high profit margin. The stock price of $56.40 looks cheap compared with its reported earnings and accounting value, but the company is using more cash than it brings in, so it is not a clean bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer