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Scorpio Tankers (STNG) USD

At a glance: strengths & risks
✓Revenue growing (+78% y/y, Q2 2026)✓Profit growing (+427% y/y, Q2 2026)✓Margins improving (54%→69%, Q2 2026)✓Net cash balance sheet

Sector: Product tankers

Geography: Global (worldwide product tanker trades)

COMM_STNG

Price chart

85.92 USDDay 4.22%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
85.92 USD · 4.22%
Market cap
4.4 bn USD

Growth

Δ revenue y/y
77.5%
Δ EBITDA y/y
125.4%

Multiples

P/E (LTM)
5.4x
3y avg: 5.7x
P/B (FY)
1.4x
P/E (ann.)
2.9x
EV/EBITDA (LTM)
4.5x
3y avg: 4.2x
EV/EBITDA (ann.)
3.0x

Cash return

Dividend yield
1.6%
FCF yield (LTM)
15.9%

Value creation

to target market cap (spot commodity model)
Upside (potential)
+12.8%
↓ details

Liquidity

Daily turnover (listing)
82.3 mln USD

Shares: yahoo_fundamentals_timeseries/STNG

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK408.7
y/y 77.5%
244.2
y/y 208.8%
36.2
y/y -20.1%
280.4
y/y 125.4%
387.5
y/y 427.2%
320.352.14635.1
y/y 16.5%
3639.6
y/y 21.6%
44.0%-1109.9Yahoo Finance
2026-03-31Q1 2026 (3M)OK312.9
y/y 46.2%
153.6
y/y 45.0%
41.5
y/y -7.1%
195.1
y/y 29.6%
216.3
y/y 271.5%
163.2-76.94076.2
y/y 2.6%
3410.1
y/y 16.7%
26.2%-170.7Yahoo Finance
2025-12-31Q4 2025 (3M)PARTIAL252.7
y/y 23.9%
87.6
y/y 107.2%
44.0
y/y -2.7%
131.5
y/y 50.4%
128.1
y/y 86.9%
164.8-9.23917.8
y/y 2.2%
3199.0
y/y 11.6%
11.0%-132.8Yahoo Finance
2025-09-30Q3 2025 (3M)OK241.4
y/y -9.9%
82.6
y/y -18.8%
46.4
y/y 1.8%
129.0
y/y -12.4%
84.5
y/y -46.8%
134.66.94029.3
y/y —
3074.2
y/y —
3.7%212.5Yahoo Finance
2025-06-30Q2 2025 (3M)PARTIAL230.2
y/y -39.5%
79.1
y/y -62.4%
45.3
y/y -2.9%
124.4
y/y -51.6%
73.5
y/y -67.7%
128.031.93979.0
y/y -0.5%
2992.3
y/y 2.2%
9.9%326.2Yahoo Finance
2025-03-31Q1 2025 (3M)OK214.0
y/y -45.3%
105.9
y/y -54.7%
44.7
y/y -6.8%
150.6
y/y -46.5%
58.2
y/y -72.8%
63.9-55.63972.5
y/y -5.6%
2920.9
y/y 6.0%
8.0%567.5Yahoo Finance
2024-12-31Q4 2024 (3M)PARTIAL204.0
y/y -39.4%
42.3
y/y -74.8%
45.2
y/y 18.9%
87.5
y/y -57.4%
68.6
y/y -43.3%
——3833.7
y/y -9.3%
2865.9
y/y 12.2%
—464.7Yahoo Finance
2024-09-30Q3 2024 (3M)PARTIAL268.0
y/y -8.0%
101.8
y/y -24.2%
45.5
y/y -15.9%
147.3
y/y -21.8%
158.7
y/y 58.1%
———
y/y —
—
y/y —
—≈ 680.0Yahoo Finance
2024-06-30Q2 2024 (3M)OK380.7
y/y 15.6%
210.4
y/y 23.2%
46.7
y/y 10.6%
257.1
y/y 20.7%
227.3
y/y 71.7%
——3999.4
y/y -7.4%
2927.8
y/y 20.8%
32.0%680.0Yahoo Finance
2024-03-31Q1 2024 (3M)OK391.3
y/y 1.8%
233.6
y/y 1.0%
47.9
y/y 18.3%
281.5
y/y 3.6%
214.2
y/y 10.8%
——4209.3
y/y -10.3%
2756.3
y/y 7.9%
32.3%821.0Yahoo Finance
2023-12-31Q4 2023 (3M)PARTIAL336.3
y/y —
167.3
y/y —
38.0
y/y —
205.4
y/y —
120.9
y/y —
——4228.7
y/y —
2553.7
y/y —
21.9%1011.4Yahoo Finance
2023-09-30Q3 2023 (3M)OK291.2
y/y —
134.3
y/y —
54.1
y/y —
188.4
y/y —
100.4
y/y —
——4309.4
y/y —
2444.9
y/y —
5.5%476.6Yahoo Finance
2023-06-30Q2 2023 (3M)OK329.3
y/y —
170.8
y/y —
42.2
y/y —
213.0
y/y —
132.4
y/y —
——4320.4
y/y —
2424.4
y/y —
21.3%341.5Yahoo Finance
2023-03-31Q1 2023 (3M)PARTIAL384.4
y/y —
231.2
y/y —
40.5
y/y —
271.7
y/y —
193.2
y/y —
——4692.8
y/y —
2553.8
y/y —
—683.8Yahoo Finance

Net debt structure (leases included, IFRS 16) 2025-12-31

Short-term debt (incl. ST leases)19
Long-term debt (incl. LT leases)600
− Cash & equivalents752
Net debt-133

Net debt / LTM EBITDA: -0.2x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01002003004005002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%-50%0%50%100%150%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

02004006008002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-1 500-1 000-50005001 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 1.33x of reported net profit; after capex, 1.18x. Loss years (2021) are left out of the ratio.
year20212022202320242025
cash flow / profit—1.21x1.58x1.23x1.43x
accruals, % of assets-6.1%-2.9%-7.5%-4.1%-3.8%
Last twelve months (to 2026-06-30): 0.96x of profit came back as operating cash flow.
net debt / EBITDA -0.2x · capex 0.2x of depreciation
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Key-commodity price — LR2 TC1 AG-Japan TCE, USD/day

Current 329 250spot vs LTM +94%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +12.8% → +0.0 pp 1d

Main driver: MR TC7 Singapore-EC Aus TCE, USD/day +181% vs LTM; revenue ×1.94 vs costs ×1.04; EBITDA 736→1 286; at 4.3× EV/EBITDA → +13%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
MR TC7 Singapore-EC Aus TCE, USD/day (rev)+47%78 250.0027 867.8228 751.23+181%+3%
LR2 TC1 AG-Japan TCE, USD/day (rev)+38%329 250.0069 865.9066 058.21+371%-5%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue1 216
LTM EBITDA736
LTM cash costs (revenue − EBITDA)480
2 · Revenue projection
Revenue multiplier — spot×1.941 (+94%)
= Spot revenue2 359
Revenue multiplier — 3y price×0.996 (-0%)
= 3-year-price revenue1 211
3 · Costs projection
Cost multiplier — spot×1.040 (+4%)
= Spot cash costs499
Cost multiplier — 3y price×1.040 (+4%)
= 3-year-price cash costs499
4 · EBITDA projection (revenue − costs)
= Spot EBITDA1 861
= 3-year-price EBITDA712
Conservative EBITDA = min(spot, avg)1 286
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)4.3x
Target EV = EV/EBITDA × conservative EBITDA5 596
Net debt-1 110
Target market cap = EV − net debt6 706
Current market cap4 447

Upside = target market cap ÷ current − 1 = +12.8%

Life of mine: 12 yrs — before haircut +50.8%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q4336368-8.7%205247-16.7%
2024 Q1391441-11.2%282322-12.6%
2024 Q2381381-0.0%257263-2.2%
2024 Q3268286-6.3%147166-11.5%
2024 Q4204247-17.5%87123-28.9%
2025 Q1214259-17.3%105138-23.9%
2025 Q2230254-9.4%124134-7.0%
2025 Q3241247-2.2%129131-1.4%
2025 Q4253246+2.6%132133-0.7%
2026 Q1313291+7.5%195176+10.6%
2026 Q2409408+0.2%280291-3.6%

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -25% vs -7% the year before — a -17.3 pp move. 3-year CAGR -16%.
revenue growth by year: 2023 -14% · 2024 -7% · 2025 -25%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 1.8x · target 75th pct (3y) 12.0x · LTM avg 6.2x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Peer comparison

Group: midstream (global). Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnEV/EBITDA
Teekay Tankersglobal3.54.2x
International Seawaysglobal5.56.6x
DHT Holdingsglobal4.08.2x
Energy Transfer LPglobal70.58.3x
Frontlineglobal11.88.4x
TORMglobal4.08.6x
CMB.TECHglobal5.49.1x
Cheniere Energyglobal65.811.9x
ONEOKglobal60.312.2x
Targa Resourcesglobal64.915.5x
Topaz Energyglobal3.415.5x
Keyeraglobal11.519.4x
Group median8.8x
Group average10.7x
This companyglobal4.44.5x

Group median 8.8x; this company 4.5x — a 49% discount.

Group average 10.7x; against the average this company is at a 57% discount.

At the adjusted group median the market cap would be +92% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.5x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.6x, India 17.0x, Indonesia 5.3x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-26; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-170.45 USDEx-dividend: 0.45 USD per sharePaidYahoo Finance (ex-div)
2026-05-290.45 USDEx-dividend: 0.45 USD per sharePaidYahoo Finance (ex-div)
2026-03-060.45 USDEx-dividend: 0.45 USD per sharePaidYahoo Finance (ex-div)
2025-08-130.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2025-05-300.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2025-03-070.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-11-220.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-08-150.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-06-140.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-03-070.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2023-11-290.35 USDEx-dividend: 0.35 USD per sharePaidYahoo Finance (ex-div)
2023-08-140.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2023-06-120.25 USDEx-dividend: 0.25 USD per sharePaidYahoo Finance (ex-div)
2023-03-060.2 USDEx-dividend: 0.2 USD per sharePaidYahoo Finance (ex-div)
2022-11-160.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2022-08-100.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2022-05-190.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2022-03-010.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)
2021-12-020.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Scorpio Tankers (STNG) — from primary filings.

Frequently asked questions

What is Scorpio Tankers (STNG)'s P/E ratio?
Scorpio Tankers (STNG) trades at a P/E of 5.4x (price to trailing 12-month earnings).
What is Scorpio Tankers (STNG)'s EV/EBITDA?
Scorpio Tankers (STNG) trades at 4.5x EV/EBITDA.
What is Scorpio Tankers (STNG)'s P/B ratio?
Scorpio Tankers (STNG) trades at a P/B of 1.4x.
What is Scorpio Tankers (STNG)'s dividend yield?
Scorpio Tankers (STNG)'s trailing 12-month dividend yield is 1.6%.
What is Scorpio Tankers (STNG)'s return on equity (ROE)?
Scorpio Tankers (STNG)'s ROE is 44.0%.
What is Scorpio Tankers (STNG)'s market capitalization?
Scorpio Tankers (STNG)'s market cap is 4.4 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map