BW LPG LTD (BWLP) Stock Fundamental Analysis
NYSE:BWLP - New York Stock Exchange, Inc. - SGXZ69436764 - Common Stock - Currency: USD
BWLP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While BWLP is still in line with the averages on profitability rating, there are concerns on its financial health. BWLP has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BWLP had positive earnings in the past year.
BWLP had a positive operating cash flow in the past year.
In the past 5 years BWLP has always been profitable.
BWLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BWLP (7.71%) is better than 76.19% of its industry peers.
Looking at the Return On Equity, with a value of 14.54%, BWLP is in the better half of the industry, outperforming 70.48% of the companies in the same industry.
BWLP's Return On Invested Capital of 9.21% is fine compared to the rest of the industry. BWLP outperforms 74.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BWLP is significantly below the industry average of 23.80%.
The 3 year average ROIC (13.98%) for BWLP is well above the current ROIC(9.21%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.71% | ||
| ROE | 14.54% | ||
| ROIC | 9.21% |
ROA(3y)12.73%
ROA(5y)11.22%
ROE(3y)22.33%
ROE(5y)19.99%
ROIC(3y)13.98%
ROIC(5y)11.44%
1.3 Margins
BWLP has a Profit Margin (7.63%) which is comparable to the rest of the industry.
BWLP's Profit Margin has declined in the last couple of years.
BWLP has a worse Operating Margin (9.52%) than 62.38% of its industry peers.
In the last couple of years the Operating Margin of BWLP has declined.
Looking at the Gross Margin, with a value of 21.47%, BWLP is doing worse than 65.71% of the companies in the same industry.
In the last couple of years the Gross Margin of BWLP has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.52% | ||
| PM (TTM) | 7.63% | ||
| GM | 21.47% |
OM growth 3Y-4.39%
OM growth 5Y-19.63%
PM growth 3Y-12.6%
PM growth 5Y-21.57%
GM growth 3Y-15.89%
GM growth 5Y-19.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BWLP is creating some value.
The number of shares outstanding for BWLP has been increased compared to 1 year ago.
BWLP has more shares outstanding than it did 5 years ago.
BWLP has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.72 indicates that BWLP is not a great score, but indicates only limited risk for bankruptcy at the moment.
BWLP's Altman-Z score of 2.72 is fine compared to the rest of the industry. BWLP outperforms 78.10% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that BWLP is not too dependend on debt financing.
BWLP has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.72 |
ROIC/WACC1.12
WACC8.22%
2.3 Liquidity
A Current Ratio of 1.22 indicates that BWLP should not have too much problems paying its short term obligations.
BWLP's Current ratio of 1.22 is in line compared to the rest of the industry. BWLP outperforms 56.67% of its industry peers.
A Quick Ratio of 1.06 indicates that BWLP should not have too much problems paying its short term obligations.
The Quick ratio of BWLP (1.06) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
BWLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -52.14%.
BWLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.23% yearly.
Looking at the last year, BWLP shows a quite strong growth in Revenue. The Revenue has grown by 9.53% in the last year.
BWLP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.25% yearly.
EPS 1Y (TTM)-52.14%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-90.28%
Revenue 1Y (TTM)9.53%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%-46.41%
3.2 Future
Based on estimates for the next years, BWLP will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.00% on average per year.
Based on estimates for the next years, BWLP will show a small growth in Revenue. The Revenue will grow by 0.78% on average per year.
EPS Next Y-31.6%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
EPS Next 5YN/A
Revenue Next Year-2.75%
Revenue Next 2Y-0.38%
Revenue Next 3Y0.78%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.29 indicates a reasonable valuation of BWLP.
Based on the Price/Earnings ratio, BWLP is valued a bit cheaper than 80.00% of the companies in the same industry.
BWLP is valuated cheaply when we compare the Price/Earnings ratio to 27.69, which is the current average of the S&P500 Index.
BWLP is valuated cheaply with a Price/Forward Earnings ratio of 6.89.
BWLP's Price/Forward Earnings ratio is rather cheap when compared to the industry. BWLP is cheaper than 85.24% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BWLP to the average of the S&P500 Index (37.36), we can say BWLP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.29 | ||
| Fwd PE | 6.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BWLP is valued a bit cheaper than the industry average as 67.14% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.68 |
4.3 Compensation for Growth
A cheap valuation may be justified as BWLP's earnings are expected to decrease with -14.00% in the coming years.
PEG (NY)N/A
PEG (5Y)0.81
EPS Next 2Y-10.17%
EPS Next 3Y-14%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.43%, BWLP is a good candidate for dividend investing.
BWLP's Dividend Yield is rather good when compared to the industry average which is at 6.49. BWLP pays more dividend than 95.24% of the companies in the same industry.
BWLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.43% |
5.2 History
The dividend of BWLP is nicely growing with an annual growth rate of 44.99%!
BWLP has been paying a dividend for over 5 years, so it has already some track record.
BWLP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)44.99%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
129.12% of the earnings are spent on dividend by BWLP. This is not a sustainable payout ratio.
The Dividend Rate of BWLP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP129.12%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
13.93
+0.72 (+5.45%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners33.22%
Inst Owner Change0.01%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap2.22B
Analysts82.67
Price Target14.67 (5.31%)
Short Float %1.81%
Short Ratio3.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.43% |
Yearly Dividend2.75
Dividend Growth(5Y)44.99%
DP129.12%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-45.23%
Min EPS beat(2)-69.61%
Max EPS beat(2)-20.84%
EPS beat(4)2
Avg EPS beat(4)14.74%
Min EPS beat(4)-69.61%
Max EPS beat(4)124.66%
EPS beat(8)3
Avg EPS beat(8)6.2%
EPS beat(12)5
Avg EPS beat(12)3.05%
EPS beat(16)7
Avg EPS beat(16)0.02%
Revenue beat(2)0
Avg Revenue beat(2)-1.26%
Min Revenue beat(2)-2.24%
Max Revenue beat(2)-0.28%
Revenue beat(4)0
Avg Revenue beat(4)-6.64%
Min Revenue beat(4)-13.15%
Max Revenue beat(4)-0.28%
Revenue beat(8)1
Avg Revenue beat(8)-0.02%
Revenue beat(12)4
Avg Revenue beat(12)58.3%
Revenue beat(16)8
Avg Revenue beat(16)85.69%
PT rev (1m)0.38%
PT rev (3m)-10.47%
EPS NQ rev (1m)33.35%
EPS NQ rev (3m)-19.73%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.67%
Revenue NQ rev (3m)-9.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.29 | ||
| Fwd PE | 6.89 | ||
| P/S | 0.66 | ||
| P/FCF | N/A | ||
| P/OCF | 4.35 | ||
| P/B | 1.25 | ||
| P/tB | 1.25 | ||
| EV/EBITDA | 5.68 |
EPS(TTM)1.68
EY12.06%
EPS(NY)2.02
Fwd EY14.52%
FCF(TTM)-1.04
FCFYN/A
OCF(TTM)3.2
OCFY22.98%
SpS21.27
BVpS11.16
TBVpS11.16
PEG (NY)N/A
PEG (5Y)0.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.71% | ||
| ROE | 14.54% | ||
| ROCE | 11.66% | ||
| ROIC | 9.21% | ||
| ROICexc | 10.26% | ||
| ROICexgc | 10.27% | ||
| OM | 9.52% | ||
| PM (TTM) | 7.63% | ||
| GM | 21.47% | ||
| FCFM | N/A |
ROA(3y)12.73%
ROA(5y)11.22%
ROE(3y)22.33%
ROE(5y)19.99%
ROIC(3y)13.98%
ROIC(5y)11.44%
ROICexc(3y)16.11%
ROICexc(5y)12.91%
ROICexgc(3y)16.13%
ROICexgc(5y)12.92%
ROCE(3y)17.69%
ROCE(5y)14.48%
ROICexcg growth 3Y27.54%
ROICexcg growth 5Y5.47%
ROICexc growth 3Y27.57%
ROICexc growth 5Y5.47%
OM growth 3Y-4.39%
OM growth 5Y-19.63%
PM growth 3Y-12.6%
PM growth 5Y-21.57%
GM growth 3Y-15.89%
GM growth 5Y-19.86%
F-Score3
Asset Turnover1.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | 312.19% | ||
| Cap/Sales | 19.96% | ||
| Interest Coverage | 11.57 | ||
| Cash Conversion | 94.59% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 2.72 |
F-Score3
WACC8.22%
ROIC/WACC1.12
Cap/Depr(3y)126.82%
Cap/Depr(5y)106.45%
Cap/Sales(3y)7.94%
Cap/Sales(5y)8.92%
Profit Quality(3y)109.24%
Profit Quality(5y)107.35%
High Growth Momentum
Growth
EPS 1Y (TTM)-52.14%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-90.28%
EPS Next Y-31.6%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
EPS Next 5YN/A
Revenue 1Y (TTM)9.53%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%-46.41%
Revenue Next Year-2.75%
Revenue Next 2Y-0.38%
Revenue Next 3Y0.78%
Revenue Next 5YN/A
EBIT growth 1Y-35.13%
EBIT growth 3Y35.88%
EBIT growth 5Y7.9%
EBIT Next Year34.61%
EBIT Next 3Y15.33%
EBIT Next 5YN/A
FCF growth 1Y-139.68%
FCF growth 3Y7.12%
FCF growth 5Y-13.99%
OCF growth 1Y10.31%
OCF growth 3Y34.59%
OCF growth 5Y18.38%