Nordic American Tankers Limited
Nordic American Tankers Limited is an international shipping company focused on the ownership, operation, and chartering of Suezmax crude oil tankers. The company provides marine transportation services that support global crude oil logistics, serving oil companies, commodity traders, refiners, and other customers that require reliable seaborne transport. Its business is centered on a standardized fleet of double-hull tankers designed for long-haul crude oil carriage across major international trade routes. Nordic American Tankers Limited operates as a specialized tanker operator with a narrow focus on crude oil transportation, making it a distinct participant in the energy and maritime shipping markets. Headquartered in Hamilton, Bermuda, the company emphasizes vessel operations, chartering activity, and fleet deployment within the global tanker industry.
$7.54
-$0.04 (-0.53%)
EOD Oct 22, 2026
Revenue declined 16.6% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 191% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$115M. The business is consuming cash, not generating it.
12.8x earnings, 13.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$370M
▼ -16.6% YoY
Net Income (TTM)
$124M
▼ -73.7% YoY
Op. Margin
33.45%
ROIC
11.26%
Cash Flow & Balance Sheet
FCF (TTM)
$119M
▼ -191.3% YoY
Op. Cash Flow (TTM)
$119M
▼ -84.4% YoY
Net Debt
$378M
Cash & Equiv.
$46M
3Y CAGR: -4.9%
Continue Research
Is Nordic American Tankers (NAT) overvalued?
At a P/E of 12.8 and a price-to-free-cash-flow of 13.4, Nordic American Tankers (NAT) trades below a two-stage DCF intrinsic value of about $26.60 per share, so at $7.54 the stock looks undervalued (252.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Nordic American Tankers scores 63/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.2%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Nordic American Tankers's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $26.60 per share for NAT, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $19.95. At today's $7.54, that puts the stock about 252.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Nordic American Tankers a high-quality business?+
Nordic American Tankers scores 63 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 33.5% operating margin. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Nordic American Tankers (NAT) pay a dividend, and how much?+
Yes, Nordic American Tankers pays a regular dividend of about $0.39 per share per year (typically in quarterly installments), a yield of roughly 5.2% at the current price. That is a payout ratio of about 66.9% of earnings, so the dividend is covered, with less cushion. Nordic American Tankers has grown the dividend at roughly 78.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For NAT's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Nordic American Tankers a good stock to buy right now?+
That depends on valuation and quality together, not either alone. NAT currently trades below its estimated intrinsic value and scores 63/100 on quality (solid). It also yields about 5.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Oil & Gas Midstream
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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