Critical Analysis: Euronav (CMBT) and The Competition

Volatility & Risk

Euronav has a beta of -0.07, suggesting that its share price is 107% less volatile than the S&P 500. Comparatively, Euronav’s rivals have a beta of 0.81, suggesting that their average share price is 19% less volatile than the S&P 500.

Insider & Institutional Ownership

43.7% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 14.7% of shares of all “Deep sea foreign transportation of freight” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Profitability

This table compares Euronav and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Euronav	112.38%	22.35%	11.43%
Euronav Competitors	32.73%	15.99%	8.48%

Dividends

Euronav pays an annual dividend of $0.76 per share and has a dividend yield of 5.9%. Euronav pays out 12.8% of its earnings in the form of a dividend. As a group, “Deep sea foreign transportation of freight” companies pay a dividend yield of 5.5% and pay out 31.2% of their earnings in the form of a dividend. Euronav is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.

Valuation and Earnings

This table compares Euronav and its rivals top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Euronav	$1.24 billion	$858.03 million	2.16
Euronav Competitors	$776.77 million	$120.80 million	4.98

Euronav has higher revenue and earnings than its rivals. Euronav is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Euronav beats its rivals on 7 of the 11 factors compared.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.