BW LPG LTD (BWLPG.OL) Stock Fundamental Analysis
OSL:BWLPG - Euronext Oslo - SGXZ69436764 - Common Stock - Currency: NOK
Taking everything into account, BWLPG scores 4 out of 10 in our fundamental rating. BWLPG was compared to 58 industry peers in the Oil, Gas & Consumable Fuels industry. BWLPG has a medium profitability rating, but doesn't score so well on its financial health evaluation. BWLPG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
BWLPG had positive earnings in the past year.
BWLPG had a positive operating cash flow in the past year.
Each year in the past 5 years BWLPG has been profitable.
In the past 5 years BWLPG always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BWLPG (10.67%) is better than 77.59% of its industry peers.
Looking at the Return On Equity, with a value of 19.63%, BWLPG is in the better half of the industry, outperforming 67.24% of the companies in the same industry.
With a decent Return On Invested Capital value of 11.70%, BWLPG is doing good in the industry, outperforming 72.41% of the companies in the same industry.
BWLPG had an Average Return On Invested Capital over the past 3 years of 13.62%. This is in line with the industry average of 15.08%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 19.63% | ||
| ROIC | 11.7% |
ROA(3y)12.73%
ROA(5y)11.22%
ROE(3y)22.33%
ROE(5y)19.99%
ROIC(3y)13.62%
ROIC(5y)11.15%
1.3 Margins
With a Profit Margin value of 9.94%, BWLPG perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
In the last couple of years the Profit Margin of BWLPG has declined.
BWLPG has a Operating Margin of 11.56%. This is in the lower half of the industry: BWLPG underperforms 72.41% of its industry peers.
In the last couple of years the Operating Margin of BWLPG has declined.
BWLPG has a Gross Margin of 22.14%. This is in the lower half of the industry: BWLPG underperforms 79.31% of its industry peers.
In the last couple of years the Gross Margin of BWLPG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.56% | ||
| PM (TTM) | 9.94% | ||
| GM | 22.14% |
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), BWLPG is creating some value.
BWLPG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BWLPG has been increased compared to 5 years ago.
Compared to 1 year ago, BWLPG has a worse debt to assets ratio.
2.2 Solvency
BWLPG has an Altman-Z score of 2.67. This is not the best score and indicates that BWLPG is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.67, BWLPG is in the better half of the industry, outperforming 70.69% of the companies in the same industry.
BWLPG has a debt to FCF ratio of 7.99. This is a slightly negative value and a sign of low solvency as BWLPG would need 7.99 years to pay back of all of its debts.
The Debt to FCF ratio of BWLPG (7.99) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.43 indicates that BWLPG is not too dependend on debt financing.
The Debt to Equity ratio of BWLPG (0.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 7.99 | ||
| Altman-Z | 2.67 |
ROIC/WACC1.3
WACC9.03%
2.3 Liquidity
A Current Ratio of 1.11 indicates that BWLPG should not have too much problems paying its short term obligations.
BWLPG has a Current ratio of 1.11. This is in the lower half of the industry: BWLPG underperforms 70.69% of its industry peers.
BWLPG has a Quick Ratio of 1.11. This is a bad value and indicates that BWLPG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.99, BWLPG is not doing good in the industry: 65.52% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
BWLPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.25%.
Measured over the past years, BWLPG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.23% on average per year.
Looking at the last year, BWLPG shows a very strong growth in Revenue. The Revenue has grown by 20.91%.
The Revenue has been growing by 34.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-29.25%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-80.9%
Revenue 1Y (TTM)20.91%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%-46.4%
3.2 Future
The Earnings Per Share is expected to decrease by -14.00% on average over the next years. This is quite bad
Based on estimates for the next years, BWLPG 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 Year0.89%
Revenue Next 2Y2.55%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 4.12, the valuation of BWLPG can be described as very cheap.
Based on the Price/Earnings ratio, BWLPG is valued cheaper than 84.48% of the companies in the same industry.
When comparing the Price/Earnings ratio of BWLPG to the average of the S&P500 Index (28.10), we can say BWLPG is valued rather cheaply.
The Price/Forward Earnings ratio is 6.02, which indicates a rather cheap valuation of BWLPG.
Based on the Price/Forward Earnings ratio, BWLPG is valued cheaply inside the industry as 82.76% of the companies are valued more expensively.
BWLPG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.12 | ||
| Fwd PE | 6.02 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BWLPG.
BWLPG's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.18 | ||
| EV/EBITDA | 4.13 |
4.3 Compensation for Growth
BWLPG's earnings are expected to decrease with -14.00% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.4
EPS Next 2Y-10.17%
EPS Next 3Y-14%
5. Dividend
5.1 Amount
BWLPG has a Yearly Dividend Yield of 24.94%, which is a nice return.
The stock price of BWLPG dropped by -25.98% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
BWLPG's Dividend Yield is rather good when compared to the industry average which is at 61.98. BWLPG pays more dividend than 94.83% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.43, BWLPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 24.94% |
5.2 History
On average, the dividend of BWLPG grows each year by 44.99%, which is quite nice.
Dividend Growth(5Y)44.99%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
109.64% of the earnings are spent on dividend by BWLPG. This is not a sustainable payout ratio.
The Dividend Rate of BWLPG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP109.64%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
OSL:BWLPG (5/6/2025, 2:14:04 PM)
107.2
-0.2 (-0.19%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners29.13%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap17.07B
Analysts86.67
Price Target171.74 (60.21%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 24.94% |
Yearly Dividend28.5
Dividend Growth(5Y)44.99%
DP109.64%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)51.91%
Min EPS beat(2)-20.84%
Max EPS beat(2)124.66%
EPS beat(4)3
Avg EPS beat(4)35.5%
Min EPS beat(4)-20.84%
Max EPS beat(4)124.66%
EPS beat(8)4
Avg EPS beat(8)17.53%
EPS beat(12)6
Avg EPS beat(12)11.15%
EPS beat(16)8
Avg EPS beat(16)5.38%
Revenue beat(2)0
Avg Revenue beat(2)-6.58%
Min Revenue beat(2)-10.91%
Max Revenue beat(2)-2.24%
Revenue beat(4)1
Avg Revenue beat(4)3.72%
Min Revenue beat(4)-13.15%
Max Revenue beat(4)41.2%
Revenue beat(8)1
Avg Revenue beat(8)-0.58%
Revenue beat(12)5
Avg Revenue beat(12)69.05%
Revenue beat(16)9
Avg Revenue beat(16)89.14%
PT rev (1m)0%
PT rev (3m)-3.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-28.29%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.44%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-4.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.12 | ||
| Fwd PE | 6.02 | ||
| P/S | 0.46 | ||
| P/FCF | 11.18 | ||
| P/OCF | 2.19 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 4.13 |
EPS(TTM)26.04
EY24.29%
EPS(NY)17.81
Fwd EY16.62%
FCF(TTM)9.58
FCFY8.94%
OCF(TTM)48.88
OCFY45.6%
SpS232.53
BVpS117.78
TBVpS117.73
PEG (NY)N/A
PEG (5Y)0.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 19.63% | ||
| ROCE | 15.2% | ||
| ROIC | 11.7% | ||
| ROICexc | 13.07% | ||
| ROICexgc | 13.07% | ||
| OM | 11.56% | ||
| PM (TTM) | 9.94% | ||
| GM | 22.14% | ||
| FCFM | 4.12% |
ROA(3y)12.73%
ROA(5y)11.22%
ROE(3y)22.33%
ROE(5y)19.99%
ROIC(3y)13.62%
ROIC(5y)11.15%
ROICexc(3y)15.71%
ROICexc(5y)12.59%
ROICexgc(3y)15.72%
ROICexgc(5y)12.6%
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 Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 7.99 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 297.88% | ||
| Cap/Sales | 16.9% | ||
| Interest Coverage | 23.12 | ||
| Cash Conversion | 121.98% | ||
| Profit Quality | 41.46% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.67 |
F-Score3
WACC9.03%
ROIC/WACC1.3
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)-29.25%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-80.9%
EPS Next Y-31.6%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
EPS Next 5YN/A
Revenue 1Y (TTM)20.91%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%-46.4%
Revenue Next Year0.89%
Revenue Next 2Y2.55%
Revenue Next 3Y0.78%
Revenue Next 5YN/A
EBIT growth 1Y-14.58%
EBIT growth 3Y35.88%
EBIT growth 5Y7.9%
EBIT Next Year42.78%
EBIT Next 3Y15.33%
EBIT Next 5YN/A
FCF growth 1Y-62.97%
FCF growth 3Y7.12%
FCF growth 5Y-13.99%
OCF growth 1Y45.93%
OCF growth 3Y34.59%
OCF growth 5Y18.38%