Discounted Cash Flow

Tsakos Energy Navigation Ltd. Foreign

TEN · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $481.8m $55.8m $170.4m 11.6%
2017 $529.2m (9.8%) $7.6m (-86.4%) $7.6m (-95.5%) 1.4% (-87.6%)
2018 $529.9m (0.1%) $-99.2m (-1403.2%) $73.9m (871.4%) -18.7% (-1401.5%)
2019 $597.5m (12.8%) $15.1m (115.2%) $15.1m (-79.5%) 2.5% (113.5%)
2020 $644.1m (7.8%) $24.0m (58.7%) $205.4m (1258.0%) 3.7% (47.2%)
2021 $546.1m (-15.2%) $-151.4m (-730.8%) $53.1m (-74.1%) -27.7% (-844.0%)
2022 $860.4m (57.5%) $204.2m (234.9%) $-44.8m (-184.4%) 23.7% (185.6%) $6.02
2023 $889.6m (3.4%) $300.2m (47.0%) $96.9m (316.1%) 33.7% (42.2%) $9.04 (50.2%)
2024 $804.1m (-9.6%) $176.2m (-41.3%) $-342.3m (-453.3%) 21.9% (-35.0%) $5.03 (-44.4%)
2025 $798.7m (-0.7%) $160.9m (-8.7%) $-224.1m (34.5%) 20.1% (-8.1%) $4.45 (-11.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model