Scorpio Tankers Inc. (STNG) 10-Year Financial Performance & Capital Metrics

STNG • • Industrial / General

EnergyMidstream Oil & GasMarine TransportationProduct Tanker Operators

AboutScorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 18, 2022, the company's fleet consisted of 124 owned, finance leased, or bareboat chartered-in tankers, including 42 LR2, 6 LR1, 62 MR, and 14 Handymax with a weighted average age of approximately 6.2 years. Scorpio Tankers Inc. was incorporated in 2009 and is based in Monaco.Show more

Revenue $1.24B -7.3%
EBITDA $950M +4.7%
Net Income $669M +22.3%
EPS (Diluted) 13.15 +31.1%
Gross Margin 57% -5.6%
EBITDA Margin 76.36% +12.8%
Operating Margin 61.47% +16.9%
Net Margin 53.76% +31.8%
ROE 24.68% +14.2%
ROIC 15.97% +18.5%
Debt/Equity 0.30 -51.6%
Interest Coverage 7.57 +78.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 25.2%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 58.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 12.0%
✓Healthy dividend yield of 2.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.76%

5Y12.05%

3Y32.01%

TTM-35.37%

Profit (Net Income) CAGR

10Y29.08%

5Y-

3Y-

TTM-60.51%

EPS CAGR

10Y15.93%

5Y-

3Y-

TTM-57.63%

ROCE

10Y Avg7.56%

5Y Avg12.17%

3Y Avg19.2%

Latest20.91%

Peer Comparison

Product Tanker Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
STNGScorpio Tankers Inc.	3.02B	58.37	4.44	-7.25%	32.01%	9.26%	24.22%	0.30
TRMDTORM plc	2.3B	22.73	3.57	2.55%	21.42%	12.91%	10.13%	0.59

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	755.71M	522.75M	512.73M	585.05M	704.33M	915.89M	540.79M	1.56B	1.34B	1.24B
Revenue Growth %	1.2%	-0.31%	-0.02%	0.14%	0.2%	0.3%	-0.41%	1.89%	-0.14%	-0.07%
Cost of Goods Sold+	383.21M	389.02M	456.13M	521.96M	512.06M	587.52M	578.55M	623.26M	531.33M	534.84M
COGS % of Revenue	0.51%	0.74%	0.89%	0.89%	0.73%	0.64%	1.07%	0.4%	0.4%	0.43%
Gross Profit+	372.5M	133.73M	56.6M	63.09M	192.27M	328.37M	-37.76M	939.62M	809.89M	709.11M
Gross Margin %	0.49%	0.26%	0.11%	0.11%	0.27%	0.36%	-0.07%	0.6%	0.6%	0.57%
Gross Profit Growth %	3.99%	-0.64%	-0.58%	0.11%	2.05%	0.71%	-1.11%	25.88%	-0.14%	-0.12%
Operating Expenses+	65.83M	54.9M	47.51M	52.27M	62.3M	83.03M	52.75M	141.91M	106.25M	-55.49M
OpEx % of Revenue	0.09%	0.11%	0.09%	0.09%	0.09%	0.09%	0.1%	0.09%	0.08%	-0.04%
Selling, General & Admin	65.83M	54.9M	47.51M	52.27M	62.3M	66.19M	52.75M	88.13M	106.25M	121.05M
SG&A % of Revenue	0.09%	0.11%	0.09%	0.09%	0.09%	0.07%	0.1%	0.06%	0.08%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	-188K	0	0	0	16.85M	0	53.78M	0	-176.54M
Operating Income+	307.08M	76.75M	-44.95M	10.54M	129.97M	245.33M	-90.51M	797.71M	705.15M	764.6M
Operating Margin %	0.41%	0.15%	-0.09%	0.02%	0.18%	0.27%	-0.17%	0.51%	0.53%	0.61%
Operating Income Growth %	3.32%	-0.75%	-1.59%	1.23%	11.33%	0.89%	-1.37%	9.81%	-0.12%	0.08%
EBITDA+	414.44M	198.21M	96.47M	187.26M	336.94M	491.15M	149.75M	1B	907.65M	949.92M
EBITDA Margin %	0.55%	0.38%	0.19%	0.32%	0.48%	0.54%	0.28%	0.64%	0.68%	0.76%
EBITDA Growth %	2.65%	-0.52%	-0.51%	0.94%	0.8%	0.46%	-0.7%	5.71%	-0.1%	0.05%
D&A (Non-Cash Add-back)	107.36M	121.46M	141.42M	176.72M	206.97M	245.82M	240.25M	206.84M	202.5M	185.32M
EBIT	289.93M	50.52M	-57.85M	10.81M	129.24M	262.18M	-93.94M	851.48M	706.31M	760.55M
Net Interest Income+	-89.45M	-102.83M	-114.7M	-182.17M	-178.05M	-153.72M	-136.88M	-151.45M	-147.59M	-85.07M
Interest Income	145K	1.21M	1.54M	4.46M	8.18M	1.25M	3.62M	6.88M	19.11M	15.95M
Interest Expense	89.6M	104.05M	116.24M	186.63M	186.24M	154.97M	140.5M	158.33M	166.71M	101.01M
Other Income/Expense	-89.33M	-101.65M	-113.29M	-200.61M	-178.46M	-151.21M	-143.93M	-160.46M	-158.25M	-95.83M
Pretax Income+	217.75M	-24.9M	-158.24M	-190.07M	-48.49M	94.12M	-234.44M	637.25M	546.9M	668.77M
Pretax Margin %	0.29%	-0.05%	-0.31%	-0.32%	-0.07%	0.1%	-0.43%	0.41%	0.41%	0.54%
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Net Income+	217.75M	-24.9M	-158.24M	-190.07M	-48.49M	94.12M	-234.44M	637.25M	546.9M	668.77M
Net Margin %	0.29%	-0.05%	-0.31%	-0.32%	-0.07%	0.1%	-0.43%	0.41%	0.41%	0.54%
Net Income Growth %	3.18%	-1.11%	-5.35%	-0.2%	0.74%	2.94%	-3.49%	3.72%	-0.14%	0.22%
Net Income (Continuing)	217.75M	-24.9M	-158.24M	-190.07M	-48.49M	94.12M	-234.44M	637.25M	546.9M	668.77M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	12.00	-1.55	-7.35	-5.46	-0.97	1.67	-4.28	10.34	10.03	13.15
EPS Growth %	3%	-1.13%	-3.74%	0.26%	0.82%	2.72%	-3.56%	3.42%	-0.03%	0.31%
EPS (Basic)	13.50	-1.55	-7.35	-5.46	-0.97	1.72	-4.28	11.49	10.44	13.78
Diluted Shares Outstanding	19.97M	16.11M	21.53M	34.82M	49.86M	56.39M	54.72M	63.51M	54.53M	50.87M
Basic Shares Outstanding	16.14M	16.07M	21.53M	34.81M	49.86M	54.67M	54.72M	55.46M	52.37M	48.54M
Dividend Payout Ratio	0.4%	-	-	-	-	0.25%	-	0.04%	0.11%	0.12%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	280.15M	157.52M	279.35M	687.34M	302.98M	242.22M	289.23M	687.35M	577.08M	576.32M
Cash & Short-Term Investments	200.97M	99.89M	186.46M	593.65M	202.3M	187.51M	230.41M	376.87M	355.55M	406.74M
Cash Only	200.97M	99.89M	186.46M	593.65M	202.3M	187.51M	230.41M	376.87M	355.55M	332.58M
Short-Term Investments	0	0	0	0	0	0	0	0	0	74.16M
Accounts Receivable	69.02M	42.33M	65.46M	69.72M	78.17M	33.02M	38.07M	276.7M	203.5M	150.18M
Days Sales Outstanding	33.33	29.56	46.6	43.5	40.51	13.16	25.69	64.62	55.38	44.07
Inventory	6.58M	6.12M	9.71M	8.3M	8.65M	9.26M	8.78M	15.62M	7.82M	10.17M
Days Inventory Outstanding	6.26	5.74	7.77	5.8	6.16	5.75	5.54	9.15	5.37	6.94
Other Current Assets	0	116K	0	0	0	0	4.01M	0	3K	4K
Total Non-Current Assets+	3.24B	3.07B	4.22B	4.1B	4.86B	4.89B	4.73B	3.87B	3.65B	3.26B
Property, Plant & Equipment	3.22B	3.05B	4.15B	4B	4.71B	4.81B	4.61B	3.78B	3.58B	3.19B
Fixed Asset Turnover	0.23x	0.17x	0.12x	0.15x	0.15x	0.19x	0.12x	0.41x	0.37x	0.39x
Goodwill	0	0	11.48M	11.54M	11.54M	8.9M	8.9M	8.2M	8.2M	8.2M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	19.26M	0	52.79M	1.75M	1.75M	1.75M	7.49M	9.42M	11.8M	12.55M
Other Non-Current Assets	4.08M	21.5M	62.07M	87.5M	143.43M	72.24M	113.75M	75.11M	53.64M	45.76M
Total Assets+	3.52B	3.23B	4.5B	4.78B	5.16B	5.16B	5.01B	4.56B	4.23B	3.83B
Asset Turnover	0.21x	0.16x	0.11x	0.12x	0.14x	0.18x	0.11x	0.34x	0.32x	0.32x
Asset Growth %	0.26%	-0.08%	0.39%	0.06%	0.08%	-0%	-0.03%	-0.09%	-0.07%	-0.09%
Total Current Liabilities+	237.38M	385.32M	209.06M	447.2M	486.23M	406.18M	527.84M	473.25M	510.4M	237.19M
Accounts Payable	11.93M	9.28M	10.88M	11.87M	23.12M	12.86M	35.08M	28.75M	10M	32.21M
Days Payables Outstanding	11.37	8.71	8.71	8.3	16.48	7.99	22.13	16.84	6.87	21.98
Short-Term Debt	124.5M	353.01M	113.04M	297.93M	235.48M	172.71M	235.28M	31.5M	220.97M	122.8M
Deferred Revenue (Current)	1000K	0	1000K	0	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	1.19M	0	4.43M	1K	9.73M	27.17M	5.8M	72.35M	27.7M	28.72M
Current Ratio	1.18x	0.41x	1.34x	1.54x	0.62x	0.60x	0.55x	1.45x	1.13x	2.43x
Quick Ratio	1.15x	0.39x	1.29x	1.52x	0.61x	0.57x	0.53x	1.42x	1.12x	2.39x
Cash Conversion Cycle	28.23	26.59	45.66	41	30.19	10.92	9.1	56.93	53.88	29.03
Total Non-Current Liabilities+	1.87B	1.53B	2.6B	2.5B	2.7B	2.69B	2.65B	1.58B	1.16B	730.58M
Long-Term Debt	1.87B	1.53B	1.94B	1.19B	999.27M	971.17M	666.41M	264.11M	939.19M	665.89M
Capital Lease Obligations	0	0	666.99M	1.31B	1.7B	1.72B	1.98B	1.31B	221.38M	64.69M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	80K	0	0	0	0	0	0	0	3.97M	0
Total Liabilities	2.11B	1.91B	2.81B	2.95B	3.19B	3.09B	3.18B	2.05B	1.67B	967.77M
Total Debt+	2.05B	1.88B	2.77B	2.91B	3.12B	3.05B	3.12B	1.93B	1.59B	861.97M
Net Debt	1.85B	1.78B	2.58B	2.32B	2.92B	2.86B	2.89B	1.56B	1.23B	529.39M
Debt / Equity	1.45x	1.43x	1.64x	1.58x	1.58x	1.48x	1.70x	0.77x	0.62x	0.30x
Debt / EBITDA	4.95x	9.50x	28.68x	15.54x	9.27x	6.21x	20.82x	1.92x	1.75x	0.91x
Net Debt / EBITDA	4.46x	8.99x	26.75x	12.37x	8.67x	5.82x	19.28x	1.55x	1.36x	0.56x
Interest Coverage	3.43x	0.74x	-0.39x	0.06x	0.70x	1.58x	-0.64x	5.04x	4.23x	7.57x
Total Equity+	1.41B	1.32B	1.69B	1.84B	1.98B	2.07B	1.84B	2.51B	2.55B	2.87B
Equity Growth %	0.22%	-0.07%	0.28%	0.09%	0.08%	0.04%	-0.11%	0.36%	0.02%	0.12%
Book Value per Share	70.79	81.63	78.26	52.81	39.65	36.63	33.57	39.47	46.83	56.33
Total Shareholders' Equity	1.41B	1.32B	1.69B	1.84B	1.98B	2.07B	1.84B	2.51B	2.55B	2.87B
Common Stock	2.22M	2.25M	3.77M	5.78M	646K	656K	659K	727K	745K	760K
Retained Earnings	109.66M	0	-158.24M	-348.31M	-399.05M	-304.92M	-539.36M	97.89M	587.13M	1.17B
Treasury Stock	-427.31M	-443.82M	-443.82M	-467.06M	-467.06M	-480.17M	-480.17M	-641.54M	-1.13B	-1.47B
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	391.98M	178.51M	41.8M	57.79M	209.51M	419.38M	73.3M	769.33M	865.49M	825.18M
Operating CF Margin %	0.52%	0.34%	0.08%	0.1%	0.3%	0.46%	0.14%	0.49%	0.65%	0.66%
Operating CF Growth %	2.09%	-0.54%	-0.77%	0.38%	2.63%	1%	-0.83%	9.5%	0.12%	-0.05%
Net Income	217.75M	-24.9M	-158.24M	-190.07M	-48.49M	94.12M	-234.44M	637.25M	546.9M	668.77M
Depreciation & Amortization	107.36M	121.46M	141.42M	176.72M	206.97M	245.82M	240.25M	206.84M	202.5M	194.56M
Stock-Based Compensation	513K	65K	22.39M	25.55M	27.42M	28.51M	22.93M	20.4M	47.34M	62.51M
Deferred Taxes	796K	-287K	960K	-25.55M	0	-28.51M	-22.93M	-20.4M	0	0
Other Non-Cash Items	62.07M	70.4M	52.48M	84.14M	23.5M	64.86M	53.15M	100.83M	9.28M	-169.48M
Working Capital Changes	3.49M	11.78M	-17.2M	-13M	116K	14.58M	14.34M	-175.58M	59.47M	68.83M
Change in Receivables	9.18M	26.69M	-1.48M	-1.79M	-8.46M	19.96M	-5.05M	-238.63M	73.2M	57.05M
Change in Inventory	-1.91M	564K	-1.32M	1.53M	-346K	-615K	480K	-7.52M	7.8M	-2.04M
Change in Payables	775K	-2.49M	3.69M	-1.38M	4.02M	-5.09M	20.72M	-4.48M	-16.75M	15.72M
Cash from Investing+	-703.42M	31.33M	-159.92M	-52.74M	-206.97M	-174.48M	-52.28M	571.96M	43.61M	307.99M
Capital Expenditures	-905.4M	-126.84M	-264.23M	-52.74M	-206.97M	-174.48M	-47.1M	-34.48M	-23.09M	-93.37M
CapEx % of Revenue	1.2%	0.24%	0.52%	0.09%	0.29%	0.19%	0.09%	0.02%	0.02%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	59.54M	158.18M	127.37M	-26.68M	0	0	5.18M	609.44M	0	1.87M
Cash from Financing+	396.27M	-310.93M	204.7M	402.14M	-393.89M	-259.7M	21.88M	-1.19B	-930.42M	-1.16B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-87.06M	-86.92M	-9.56M	-15.13M	-21.28M	-23.3M	-23.32M	-23.31M	-57.66M	-83.52M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	143.7M	-10.7M	234.91M	298.8M	-6.09M	-6.52M	-17.32M	2.31M	-28.91M	-354K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-513.42M	51.67M	-222.43M	5.05M	2.54M	244.9M	26.2M	734.85M	842.4M	731.81M
FCF Margin %	-0.68%	0.1%	-0.43%	0.01%	0%	0.27%	0.05%	0.47%	0.63%	0.59%
FCF Growth %	0.6%	1.1%	-5.3%	1.02%	-0.5%	95.46%	-0.89%	27.05%	0.15%	-0.13%
FCF per Share	-25.70	3.21	-10.33	0.15	0.05	4.34	0.48	11.57	15.45	14.38
FCF Conversion (FCF/Net Income)	1.80x	-7.17x	-0.26x	-0.30x	-4.32x	4.46x	-0.31x	1.21x	1.58x	1.23x
Interest Paid	0	0	0	0	182.71M	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.9%	-1.82%	-10.55%	-10.79%	-2.54%	4.66%	-12.01%	29.34%	21.61%	24.68%
Return on Invested Capital (ROIC)	7.88%	1.81%	-0.92%	0.19%	2.15%	3.75%	-1.41%	13.62%	13.48%	15.97%
Gross Margin	49.29%	25.58%	11.04%	10.78%	27.3%	35.85%	-6.98%	60.12%	60.38%	57%
Net Margin	28.81%	-4.76%	-30.86%	-32.49%	-6.88%	10.28%	-43.35%	40.77%	40.78%	53.76%
Debt / Equity	1.45x	1.43x	1.64x	1.58x	1.58x	1.48x	1.70x	0.77x	0.62x	0.30x
Interest Coverage	3.43x	0.74x	-0.39x	0.06x	0.70x	1.58x	-0.64x	5.04x	4.23x	7.57x
FCF Conversion	1.80x	-7.17x	-0.26x	-0.30x	-4.32x	4.46x	-0.31x	1.21x	1.58x	1.23x
Revenue Growth	120.45%	-30.83%	-1.92%	14.1%	20.39%	30.04%	-40.96%	189%	-14.18%	-7.25%

Frequently Asked Questions

Valuation & Price

Scorpio Tankers Inc. (STNG) has a price-to-earnings (P/E) ratio of 4.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Scorpio Tankers Inc. (STNG) reported $889.5M in revenue for fiscal year 2024. This represents a 983% increase from $82.1M in 2011.

Scorpio Tankers Inc. (STNG) saw revenue decline by 7.3% over the past year.

Yes, Scorpio Tankers Inc. (STNG) is profitable, generating $284.7M in net income for fiscal year 2024 (53.8% net margin).

Dividend & Returns

Yes, Scorpio Tankers Inc. (STNG) pays a dividend with a yield of 2.81%. This makes it attractive for income-focused investors.

Scorpio Tankers Inc. (STNG) has a return on equity (ROE) of 24.7%. This is excellent, indicating efficient use of shareholder capital.

Scorpio Tankers Inc. (STNG) generated $337.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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