Added to YB: 2024-06-10
Pitch date: 2024-06-07
TK [neutral]
Teekay Corporation Ltd.
+30.25%
current return
Author Info
Chop Wood, Carry Water is a tech manager and investor searching for value-based investments. Sign up for the newsletter.
Company Info
Teekay Corporation Ltd. provides crude oil marine transportation and other marine services worldwide.
Market Cap
$857.0M
Pitch Price
$7.05
Price Target
40.00 (+336%)
Dividend
N/A
EV/EBITDA
4.12
P/E
11.39
EV/Sales
1.29
Sector
Oil, Gas and Consumable Fuels
Category
value
Teekay Corporation Bringing Energy To The World
TK: Prominent crude oil shipper. Ops in Suezmax/Aframax segments, owns 29% of $TNK. Debt-free, $632M net cash post asset sale. Quality mgmt, strong relationships, expertise/efficiency. Cyclical risks remain. Fair value $26-40/sh on assets & FCF. Div catalyst but macro risks high. 10x PE reasonable.
Read full article (8 min)