TNK · Intrinsic value
Is Teekay Tankers Ltd. (TNK) overvalued or undervalued?
Teekay Tankers Ltd. (TNK) trades at the delayed market price of $96.82 a share. That price already implies revenue growth of 10.0% a year for 5 years. TickerWorth's fair value is $144.08 a share (33% below fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
Is TNK undervalued?
- Fair value
- $144.08
- Market price
- $96.82
- Upside to fair value
- +48.8%
- Verdict
- 33% below fair value
Reverse DCF: Today's price implies revenue growth of 10.0% a year for 5 years; our model assumes 16.6% a year on average over the same horizon.
What is TNK's TickerWorth Score?
Scores higher than almost every company we compare it with
Compared with Energy companies in US
Its strongest point: a profitable, high-quality business.
- Value · 72 of 100
Cheaper than 72% of Energy companies in US
- Price vs worth · 89 of 100
- Quality · 81 of 100
More profitable than 81% of Energy companies in US
- Financial health · 78 of 100
Financially stronger than 78% of Energy companies in US
- Growth · 60 of 100
Growing faster than 60% of Energy companies in US
- Momentum · 71 of 100
Outperformed 71% of Energy companies in US over the past year
Confidence: High confidence · Scored
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TNK DCF valuation: where the gap comes from
At a recent price of $96.82, Teekay Tankers Ltd. (TNK) trades 33% below TickerWorth's blended fair value of $144.08 per share — a discounted-cash-flow model cross-checked against peer multiples and asset value — meaning the market currently prices TNK undervalued vs our estimate of what the business is intrinsically worth. Our fair value sits above the market, an implied +48.8% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values TNK at about $138.90 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Teekay Tankers Ltd.'s projected free cash flows at a weighted-average cost of capital (WACC) of 9.9%, with a long-run terminal growth rate of 2.5%. About 71% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 10.0% annual revenue growth for TNK. Our base case instead compounds to about 16.6% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, TNK's modeled DCF value ranges from about $112.49 to $191.97 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Teekay Tankers Ltd. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of TNK's intrinsic value. Figures update as new filings and prices come in.
Every input behind TNK's DCF
| Input | Value |
|---|---|
| Base-year revenueTEEKAY TANKERS LTD. FY2025 20-F (accession 0001419945-26-000007): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2025 full year. | $951,800,000 |
| Base EBIT marginTEEKAY TANKERS LTD. FY2025 20-F (accession 0001419945-26-000007): us-gaap:OperatingIncomeLoss 309,099,000 / revenue 951,797,000 = 32.48%, FY2025. | 32.5% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 30% → 24% → 17% → 10% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.00 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesTEEKAY TANKERS LTD. FY2025 20-F (accession 0001419945-26-000007): WeightedAverageNumberOfDilutedSharesOutstanding = 34,775,458 shares, FY2025. | 35M |
| Market priceBackup price feed · as of 2026-10-19 12:31 UTC | $96.82 |
Change TNK's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Teekay Tankers Ltd. do?
What does it do?
Teekay Tankers Ltd., together with its subsidiaries, provides marine transportation services to oil industries in Bermuda and internationally. The company operates in two segments: Tankers and Marine Servies. It operates in the Oil & Gas Midstream industry (Energy sector), headquartered in Bermuda. The company employs roughly 2,130 people.
How does it make money?
The business turns $1.2B in annual revenue into profit. Out of every $100 of sales, about $50 is left as operating profit (operating margin of 50.0%), after a 50% gross margin on the products/services it sells. After all costs, taxes and interest, 51.3% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries moderate debt (1.6× equity), comfortably covers its short-term bills (10.0× current ratio), and is currently profitable.
Who at TNK filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Schellenberg David | Director | Open-market sale | $734,400.00 | Form 4 for Schellenberg David (opens sec.gov in a new tab) | |
| Schellenberg David | Director | Open-market sale | $10,100.00 | Form 4 for Schellenberg David (opens sec.gov in a new tab) | |
| Kapoor Rohit (RK2) | Managing Director, Sinagpore | Open-market sale | $569,160.00 | Form 4 for Kapoor Rohit (RK2) (opens sec.gov in a new tab) | |
| Locke Simon Heidi | Director | Open-market sale | $66,690.00 | Form 4 for Locke Simon Heidi (opens sec.gov in a new tab) | |
| Karlshoej Poul Ulrich | Director | Grant / award | $134,935.78 | Form 4 for Karlshoej Poul Ulrich (opens sec.gov in a new tab) | |
| Semple Alan | Director | Grant / award | $134,935.78 | Form 4 for Semple Alan (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is TNK's intrinsic value?
TickerWorth's blended fair value for Teekay Tankers Ltd. (TNK) is $144.08 per share, versus a market price of $96.82 (33% below fair value).
Is TNK overvalued or undervalued?
On our blended fair value TNK looks undervalued vs fair value at $96.82. This is an educational estimate, not advice.
What discount rate is used for TNK?
A WACC of 9.9% and a terminal growth rate of 2.5%.
Is Teekay Tankers stock undervalued?
TickerWorth's fair value for Teekay Tankers Ltd. (TNK) is $144.08 against a market price of $96.82. Our read: 33% below fair value. This is a model estimate, not investment advice.
Teekay Tankers (TNK) DCF valuation and fair value
Our fair value for Teekay Tankers Ltd. (TNK) is $144.08, built on a 9.9% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Teekay Tankers stock?
Today's price implies revenue growth of 10.0% a year for 5 years; our model assumes 16.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $96.82. A model estimate, not investment advice.
Teekay Tankers (TNK) insider trading
The most recent insider filing (SEC Form 4) for Teekay Tankers Ltd. (TNK): Schellenberg David, Director, open-market sale on 2026-09-16. The latest filings are listed on this page. A disclosure, not a signal to trade.
More stocks below our fair value
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.