Energy -
Oil & Gas Midstream - NYSE - BM
$ 7.42
-1.2 %
$ 681 M
Market Cap
4.91
P/E
1. INTRINSIC VALUE
Balance Sheet
Teekay Corporation
| Current Assets | 922 M |
| Cash & Short-Term Investments | 653 M |
| Receivables | 188 M |
| Other Current Assets | 81.4 M |
| Non-Current Assets | 1.27 B |
| Long-Term Investments | 15.7 M |
| PP&E | 1.23 B |
| Other Non-Current Assets | 24.4 M |
| Current Liabilities | 173 M |
| Accounts Payable | 34 M |
| Short-Term Debt | 58.9 M |
| Other Current Liabilities | 79.9 M |
| Non-Current Liabilities | 223 M |
| Long-Term Debt | 168 M |
| Other Non-Current Liabilities | 55.2 M |
EFFICIENCY
Earnings Waterfall
Teekay Corporation
| Revenue | 1.46 B |
| Cost Of Revenue | 884 M |
| Gross Profit | 581 M |
| Operating Expenses | 57.6 M |
| Operating Income | 532 M |
| Other Expenses | 381 M |
| Net Income | 151 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Teekay Corporation
| Net Income | 151 M |
| Depreciation & Amortization | 97.6 M |
| Capital Expenditures | -10.2 M |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 6.34 M |
| Others | 380 M |
| Free Cash Flow | 623 M |
Wall Street Analysts Price Targets
Teekay Corporation
TK has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
0.00%
DIVIDEND YIELD
1 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Teekay Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Teekay Tankers: Valuation Secured By Scrap Value And Huge Cash Pile
Teekay Tankers is undervalued, trading near scrap value, despite a fleet with 10 years of operational life and strong free cash flow. The company has a solid financial position with no debt and $462.9 million in cash, aiming to renew its aging fleet. Despite lower expected rates, TNK's fair value is estimated at $50 per share, offering significant upside potential and limited downside risk.
seekingalpha.com
- 1 month ago
Teekay Corporation: Offering Exposure To Teekay Tankers At A Discount
At the end of October 2024, Teekay Corporation owned 10.6 million Class A and Class B common shares of Teekay Tankers, currently worth ~$403 million. After the Teekay Tankers holdings, the second-largest asset of Teekay Corporation is a net cash position of $281.1 million. Once Teekay Tankers and Teekay Corporation are combined, the net cash balance increases to $744.6 million, which is unparalleled in the tanker industry.
seekingalpha.com
- 1 month ago
Teekay Group Announces Changes to Boards of Directors
HAMILTON, Bermuda, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) announced today the following changes to their respective Boards of Directors, which are effective as of December 31, 2024. The changes further streamline and simplify the Teekay Group, and align with the previously announced goal of having Teekay Tankers serve as the sole operating platform within the Teekay Group and Teekay focusing on managing its controlling interest in Teekay Tankers:
globenewswire.com
- 1 month ago
Teekay Tankers: Significant Free Cash Flow Generation With 35% Of Market Cap In Net Cash
Despite large declines in spot rates over the last few months, Teekay Tanker is still generating significant free cash flows. Spot rates would have to fall by another 50% before Teekay becomes neutral on a free cash flow basis. Even if it occurs, the company would be supported by its net cash balance of $463.5 million, which represents 35% of the market cap.
seekingalpha.com
- 1 month ago
Teekay: Discounted Bet On The Medium-Size Crude Tanker Markets - Buy (Rating Upgrade)
Teekay Corporation reported profitable third quarter results, which were again driven by the performance of its main consolidated subsidiary, Teekay Tankers. In recent months, TK has executed significant share buybacks and increased its stake in Teekay Tankers. The company also announced a new $40 million share repurchase program. In addition, a $1 special cash dividend will be distributed to common shareholders next month.
seekingalpha.com
- 2 months ago
Teekay Tankers: Mediocre Fleet And Unattractive Shareholder Returns
In recent months, seasonality has impacted dirty tanker rates. Besides that, China's crude imports declined. On the other hand, tanker supply fundamentals are still favorable. Teekay Tankers reported $52.4 million operating income for 3Q24, a 35% lower figure than 3Q23. 3Q24 net income is $58.8 million, and 3Q24 EPS is $1.69/share. The balance sheet is TNK's strength. The company has 3.1% Total Debt to Equity and 8.9% Total Liabilities to Total Assets.
seekingalpha.com
- 2 months ago
Teekay Corporation Ltd. (TK) Q3 2024 Earnings Call Transcript
Teekay Corporation Ltd. (NYSE:TK ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Kenneth Hvid - President & Chief Executive Officer Brody Speers - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Omar Nokta - Jefferies Ken Hoexter - Bank of America Operator Welcome to the Teekay Group Third Quarter 2024 Earnings Results Conference Call.
seekingalpha.com
- 2 months ago
Teekay Corporation Ltd. Reports Third Quarter 2024 Results; Declares a Special Dividend; and Announces New Share Repurchase Program
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today reported results for the three months ended September 30, 2024. The full earnings release and Teekay Group's earnings presentation are available on the Company's website here.
globenewswire.com
- 2 months ago
Teekay Tankers Ltd. Reports Third Quarter 2024 Results and Declares Dividend
HAMILTON, Bermuda, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE: TNK) today reported the Company's results for the quarter ended September 30, 2024 and announced that its Board of Directors has declared a cash dividend of $0.25 per share for the quarter ended September 30, 2024. The cash dividend is payable on November 22, 2024 to all shareholders of record as at November 12, 2024.
globenewswire.com
- 2 months ago
Teekay Group to Announce Third Quarter 2024 Earnings Results on October 30, 2024
HAMILTON, Bermuda, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation Ltd. (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) plan to release their financial results for the third quarter of 2024 after market close on Wednesday, October 30, 2024.
globenewswire.com
- 2 months ago
Teekay Corporation and Teekay Tankers Ltd. Announce Senior Management Changes
HAMILTON, Bermuda, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced the following senior management changes following a strategic review to simplify the management structure of the Teekay Group:
globenewswire.com
- 5 months ago
Teekay Tankers: Navigating Challenges, Seizing Opportunities Amid Favorable Market Dynamics
Teekay Tankers stock dropped 12% after Q2-2024 results, but financial health remains strong. Q2-2024 revenues dropped by 20% due to decreasing tanker spot day rates. Teekay Tankers benefits from historically high spot rates and a favorable market outlook despite risks from fleet age and oil demand fluctuations.
seekingalpha.com
- 5 months ago
8. Profile
Summary
Teekay Corporation TK
COUNTRY
BM
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 681 M
Dividend Yield
0.00%
Description
Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company provides a full suite of ship-to-ship transfer services in the oil, gas, and dry bulk industries; lightering and lightering support; and operational and maintenance marine, as well as offshore production services. As of March 1, 2022, it operated a fleet of approximately 55 vessels. The company primarily 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.
Contact
Belvedere Building, Hamilton, HM 08
https://www.teekay.com
IPO
Date
July 20, 1995
Employees
2200
Officers
Lee Edwards
Financial Analyst
Mr. Frans Lotz
General Counsel, Secretary & Privacy Officer
Mr. Kenneth Hvid
President, Chief Executive Officer & Director
Mr. Brody Speers
Vice President of Finance & Treasurer
Mr. Ryan Hamilton C.A.
Manager of Finance & Investor Relations
Ms. Ingvild Sæther
President & Chief Executive Officer of Teekay Offshore Group Ltd