Scorpio Tankers Inc.
STNGdata completeness 100%11 fiscal years on fileData notes: no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'
Scorpio Tankers Inc. earns about 14% on equity, comfortably above its ~9% cost of capital, and has bought back 11% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $27.69 and $109.49 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $540.8M1 | $1.56B2 | $1.34B3 | $1.24B3 | $938.2M3 |
| Net income | −$234.4M4 | $637.3M5 | $546.9M6 | $668.8M6 | $344.3M6 |
| Operating cash flow | $73.3M7 | $769.3M8 | $865.5M9 | $825.2M9 | $491.2M9 |
| Capital expenditure | $010 | — | — | — | $572.6M11 |
| Free cash flow (derived) | $73.3M7 | — | — | — | −$81.4M9 |
| Total debt | $2.54B12 | $1.44B13 | $1.59B14 | $862M15 | $619.2M15 |
| Cash & equivalents | $230.4M16 | $376.9M17 | $355.6M17 | $332.6M17 | $752M17 |
| Diluted shares | 58.4M | 61.3M | 53.1M | 49.9M | 51.8M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $618.01 of net worth that earned you $66.51 and generated −$15.72 of cash last year, against $119.62 of debt.
It earned about 14% on equity against a ~9% cost of capital — comfortably above the cost of funding, a moderate advantage.
seeing a moat in the numbers →Share count is down 11% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has fallen 76% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $27.69 and $109.49 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$73.3M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$73.3M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$546.9M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $22.8 |
| Base | 5.0% | $27.69 |
| Bull | 10.0% | $33.55 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F · period ending 2021-12-31 · accession 0001483934-24-000025 (Revenue)
- 20-F · period ending 2022-12-31 · accession 0001483934-25-000021 (Revenue)
- 20-F · period ending 2023-12-31 · accession 0001483934-26-000021 (Revenue)
- 20-F · period ending 2021-12-31 · accession 0001483934-24-000025 (ProfitLossAttributableToOwnersOfParent)
- 20-F · period ending 2022-12-31 · accession 0001483934-25-000021 (ProfitLossAttributableToOwnersOfParent)
- 20-F · period ending 2023-12-31 · accession 0001483934-26-000021 (ProfitLossAttributableToOwnersOfParent)
- 20-F · period ending 2021-12-31 · accession 0001483934-24-000025 (CashFlowsFromUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0001483934-25-000021 (CashFlowsFromUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001483934-26-000021 (CashFlowsFromUsedInOperatingActivities)
- 20-F · period ending 2021-12-31 · accession 0001483934-22-000023 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
- 20-F · period ending 2025-12-31 · accession 0001483934-26-000021 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
- 20-F · period ending 2021-12-31 · accession 0001483934-23-000028 (Borrowings)
- 20-F · period ending 2022-12-31 · accession 0001483934-24-000025 (Borrowings)
- 20-F · period ending 2023-12-31 · accession 0001483934-25-000021 (Borrowings)
- 20-F · period ending 2024-12-31 · accession 0001483934-26-000021 (Borrowings)
- 20-F · period ending 2021-12-31 · accession 0001483934-25-000021 (CashAndCashEquivalents)
- 20-F · period ending 2022-12-31 · accession 0001483934-26-000021 (CashAndCashEquivalents)