Tsakos Energy Navigation Limited (TK41) - Net Assets
Based on the latest financial reports, Tsakos Energy Navigation Limited (TK41) has net assets worth €1.84 Billion EUR (≈ $2.15 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.90 Billion ≈ $4.56 Billion USD) and total liabilities (€2.06 Billion ≈ $2.41 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TK41 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.84 Billion |
| % of Total Assets | 47.18% |
| Annual Growth Rate | 2.8% |
| 5-Year Change | 27.89% |
| 10-Year Change | N/A |
| Growth Volatility | 7.83 |
Tsakos Energy Navigation Limited - Net Assets Trend (2016–2024)
This chart illustrates how Tsakos Energy Navigation Limited's net assets have evolved over time, based on quarterly financial data. Also explore TK41 total assets for the complete picture of this company's asset base.
Annual Net Assets for Tsakos Energy Navigation Limited (2016–2024)
The table below shows the annual net assets of Tsakos Energy Navigation Limited from 2016 to 2024. For live valuation and market cap data, see Tsakos Energy Navigation Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.77 Billion ≈ $2.07 Billion |
+6.93% |
| 2023-12-31 | €1.65 Billion ≈ $1.93 Billion |
+8.52% |
| 2022-12-31 | €1.52 Billion ≈ $1.78 Billion |
+17.89% |
| 2021-12-31 | €1.29 Billion ≈ $1.51 Billion |
-6.52% |
| 2020-12-31 | €1.38 Billion ≈ $1.62 Billion |
-6.15% |
| 2019-12-31 | €1.47 Billion ≈ $1.72 Billion |
-2.29% |
| 2018-12-31 | €1.51 Billion ≈ $1.76 Billion |
-0.09% |
| 2017-12-31 | €1.51 Billion ≈ $1.76 Billion |
+6.40% |
| 2016-12-31 | €1.42 Billion ≈ $1.66 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Tsakos Energy Navigation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €652.65 Million | 37.78% |
| Other Components | €1.08 Billion | 62.22% |
| Total Equity | €1.73 Billion | 100.00% |
Tsakos Energy Navigation Limited Competitors by Market Cap
The table below lists competitors of Tsakos Energy Navigation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SK Discovery Co Ltd
KO:006120
|
$648.37 Million |
|
Monalisa Group Co Ltd Class A
SHE:002918
|
$648.46 Million |
|
Elior SCA
PA:ELIOR
|
$648.46 Million |
|
AAEON Technology Inc
TW:6579
|
$648.65 Million |
|
Shandong Liancheng Precision Manufacturing Co Ltd Class A
SHE:002921
|
$648.30 Million |
|
Shenzhen Longli Technology Co Ltd Class A
SHE:300752
|
$648.00 Million |
|
Zhuhai Rundu Pharmaceutical Co Ltd Class A
SHE:002923
|
$647.85 Million |
|
Lindian Resources Ltd
AU:LIN
|
$647.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tsakos Energy Navigation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,618,557,000 to 1,727,708,000, a change of 109,151,000 (6.7%).
- Net income of 176,231,000 contributed positively to equity growth.
- Dividend payments of 71,817,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €176.23 Million | +10.2% |
| Dividends Paid | €71.82 Million | -4.16% |
| Other Changes | €4.74 Million | +0.27% |
| Total Change | €- | 6.74% |
Book Value vs Market Value Analysis
This analysis compares Tsakos Energy Navigation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.40x to 0.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €86.55 | €34.66 | x |
| 2018-12-31 | €85.31 | €34.66 | x |
| 2019-12-31 | €76.33 | €34.66 | x |
| 2020-12-31 | €74.31 | €34.66 | x |
| 2021-12-31 | €50.51 | €34.66 | x |
| 2022-12-31 | €49.89 | €34.66 | x |
| 2023-12-31 | €54.86 | €34.66 | x |
| 2024-12-31 | €57.35 | €34.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tsakos Energy Navigation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.92%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.15x
- Recent ROE (10.20%) is above the historical average (3.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.97% | 11.58% | 0.15x | 2.33x | €-84.73 Million |
| 2017 | 0.51% | 1.44% | 0.16x | 2.26x | €-141.81 Million |
| 2018 | -6.64% | -18.72% | 0.17x | 2.14x | €-248.68 Million |
| 2019 | 1.04% | 2.53% | 0.19x | 2.17x | €-130.01 Million |
| 2020 | 1.77% | 3.73% | 0.21x | 2.30x | €-111.37 Million |
| 2021 | -12.20% | -27.72% | 0.19x | 2.33x | €-275.48 Million |
| 2022 | 13.88% | 23.74% | 0.26x | 2.25x | €57.04 Million |
| 2023 | 18.55% | 33.74% | 0.26x | 2.08x | €138.33 Million |
| 2024 | 10.20% | 21.92% | 0.22x | 2.15x | €3.46 Million |
Industry Comparison
This section compares Tsakos Energy Navigation Limited's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $6,352,640,429
- Average return on equity (ROE) among peers: -2.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsakos Energy Navigation Limited (TK41) | €1.84 Billion | 3.97% | 1.12x | $648.35 Million |
| FLEX LNG Ltd (0QQA) | $205.94 Million | -0.87% | 0.04x | $1.26 Billion |
| HENGYANG PETROCHEM (5HY.SG) (5HY) | $552.92 Million | -4.26% | 0.00x | $14.27 Million |
| Nordic American Tankers Limited (B3O) | $711.06 Million | -28.83% | 0.60x | $1.08 Billion |
| Golar LNG Limited (G2O) | $1.75 Billion | -12.11% | 1.65x | $3.88 Billion |
| COSCO SHIPPING Energy Transportation Co. Ltd (HIFH) | $38.99 Billion | 10.36% | 1.08x | $2.95 Billion |
| Scorpio Tankers Inc. (S0QA) | $2.07 Billion | 4.56% | 1.50x | $2.68 Billion |
| AB Klaipedos nafta (XIC) | $196.80 Million | 11.20% | 0.21x | $130.27 Million |
About Tsakos Energy Navigation Limited
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, such as conventional tankers, LNG carriers, and suezmax DP2 shuttle… Read more