Company Quick10K Filing
Nordic American Tankers
20-F 2019-12-31 Filed 2020-04-16
20-F 2018-12-31 Filed 2019-04-16
20-F 2017-12-31 Filed 2018-05-15
20-F 2016-12-31 Filed 2017-05-01
20-F 2015-12-31 Filed 2016-03-23
20-F 2013-12-31 Filed 2014-04-04
20-F 2012-12-31 Filed 2013-03-19
20-F 2011-12-31 Filed 2012-04-17
20-F 2010-12-31 Filed 2011-04-21
20-F 2009-12-31 Filed 2010-05-24

Nordic American Tankers Financials

NAT Metrics, Comps, Filings

Quarterly | Annual

Business

Nordic American Tankers Limited was founded on June 12, 1995 under the name Nordic American Tanker Shipping Limited and organized under the laws of the Islands of Bermuda. We maintain our principal offices at LOM Building, 27 Reid Street, Hamilton HM 11, Bermuda. Our telephone number at such address is (441) 292-7202.

We are an international tanker company originally formed for the purpose of acquiring and chartering three double-hull Suezmax tankers that were built in 1997. Our fleet currently consists of 23 vessels. During 2018 we sold ten pre-2000 built vessels and took delivery of three newbuildings. We expect that our fleet will expand over time despite the ten vessels we sold during 2018. The vessels in our fleet are homogenous and interchangeable, which is a business strategy we refer to as the "Nordic American System". Our common shares trade under the symbol "NAT" on the New York Stock Exchange, or the NYSE.

In January 2013, we acquired Scandic American Shipping Ltd, or Scandic, and NAT Chartering (formerly Orion Tankers Ltd), or NATC, as wholly-owned subsidiaries. Accordingly, the financial statements contained herein are presented on a consolidated basis for us and our subsidiaries, which we refer to as the Company or the Group.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Costamare (CMRE) 505 0% 3,051 1,694 0 0 0 0 1,655
Teekay Offshore Partners (TOO) 505 0% 5,312 3,853 0 0 0 0 3,413
Scorpio Bulkers (SALT) 399 0% -3.4 -19% 1,704 843 100 0 -324 -324 1,098
Genco Shipping & Trading (GNK) 391 0% 18.4 -2% 1,562 564 393 0 -39 40 743
Eagle Bulk Shipping (EGLE) 357 0% 15.1 -0% 970 479 308 0 -4 47 706
Teekay (TK) 337 0% 8,392 5,525 0 0 0 0 3,195
Diana Shipping (DSX) 330 0% 1,188 560 0 0 0 0 713
SEACOR Marine Holdings (SMHI) 319 27% -21.4 -10% 1,041 546 227 60 -101 -33 708
Nordic American Tankers (NAT) 288 0% 1,071 469 0 0 0 0 675
MCBC Holdings (MCFT) 275 24% 8.3 8% 257 176 483 115 22 46 383
Teekay Tankers (TNK) 252 0% 2,161 1,214 0 0 0 0 934
Tsakos Energy Navigation (TNP) 230 0% 3,205 1,710 0 0 0 0 1,617
Safe Bulkers (SB) 181 0% 1,076 593 0 0 0 0 698
Ardmore Shipping (ASC) 161 0% 845 498 0 0 0 0 336
Overseas Shipholding Group (OSG) 157 0% 7.9 -1% 1,137 807 346 0 -7 61 483
Danaos (DAC) 149 0% 2,680 1,989 0 0 0 0 1,694
Pangaea Logistics Solutions (PANL) 144 0% 5.5 4% 485 309 282 0 20 40 221
StealthGas (GASS) 113 0% 1,037 475 0 0 0 0 479
Navios Maritime Containers (NMCI) 100 0% 414 231 0 0 0 0 265
Scorpio Tankers (STNG) 95 0% 4,784 2,945 0 0 0 0 83

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash24566610130825849
Accounts Receivable29182222
Inventory842422152123
PP&E110000
Assets1,1251,0861,1361,1691,2451,3501,1411,071
Accounts Payable43674434
Long-Term Debt230250250250330443389437
Liabilities258276281287364479430469
Stockholders' Equity868809855882881871711602
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing