BW LPG LTD (BWLPG.OL) Stock Fundamental Analysis
OSL:BWLPG - Euronext Oslo - SGXZ69436764 - Common Stock - Currency: NOK
BWLPG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 61 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BWLPG was profitable.
BWLPG had a positive operating cash flow in the past year.
In the past 5 years BWLPG has always been profitable.
Each year in the past 5 years BWLPG had a positive operating cash flow.
1.2 Ratios
BWLPG has a Return On Assets of 7.71%. This is in the better half of the industry: BWLPG outperforms 72.13% of its industry peers.
The Return On Equity of BWLPG (14.54%) is better than 63.93% of its industry peers.
BWLPG has a Return On Invested Capital of 8.98%. This is in the better half of the industry: BWLPG outperforms 70.49% of its industry peers.
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 13.70%.
The last Return On Invested Capital (8.98%) for BWLPG is well below the 3 year average (13.62%), which needs to be investigated, but indicates that BWLPG had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.71% | ||
| ROE | 14.54% | ||
| ROIC | 8.98% |
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
BWLPG has a Profit Margin (7.63%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of BWLPG has declined.
BWLPG's Operating Margin of 9.52% is on the low side compared to the rest of the industry. BWLPG is outperformed by 75.41% of its industry peers.
BWLPG's Operating Margin has declined in the last couple of years.
The Gross Margin of BWLPG (21.47%) is worse than 80.33% of its industry peers.
In the last couple of years the Gross Margin of BWLPG 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BWLPG is still creating some value.
The number of shares outstanding for BWLPG has been increased compared to 1 year ago.
BWLPG has more shares outstanding than it did 5 years ago.
BWLPG has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.67 indicates that BWLPG is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of BWLPG (2.67) is better than 72.13% of its industry peers.
BWLPG has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
BWLPG has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: BWLPG outperforms 49.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.67 |
ROIC/WACC0.98
WACC9.12%
2.3 Liquidity
A Current Ratio of 1.22 indicates that BWLPG should not have too much problems paying its short term obligations.
BWLPG's Current ratio of 1.22 is on the low side compared to the rest of the industry. BWLPG is outperformed by 67.21% of its industry peers.
A Quick Ratio of 1.06 indicates that BWLPG should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.06, BWLPG is not doing good in the industry: 62.30% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
BWLPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -52.14%.
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 quite strong growth in Revenue. The Revenue has grown by 9.53% in the last year.
The Revenue has been growing by 34.25% on average over the past years. This is a very strong growth!
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
BWLPG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.00% yearly.
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 Year-2.75%
Revenue Next 2Y-0.38%
Revenue Next 3Y0.78%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
Based on the Price/Earnings ratio of 8.14, the valuation of BWLPG can be described as reasonable.
BWLPG's Price/Earnings ratio is rather cheap when compared to the industry. BWLPG is cheaper than 80.33% of the companies in the same industry.
BWLPG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.53.
BWLPG is valuated cheaply with a Price/Forward Earnings ratio of 6.76.
83.61% of the companies in the same industry are more expensive than BWLPG, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.71. BWLPG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.14 | ||
| Fwd PE | 6.76 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BWLPG is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.46 |
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)0.8
EPS Next 2Y-10.17%
EPS Next 3Y-14%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.43%, BWLPG is a good candidate for dividend investing.
BWLPG's Dividend Yield is rather good when compared to the industry average which is at 58.76. BWLPG pays more dividend than 91.80% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, BWLPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.43% |
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
BWLPG pays out 129.12% of its income as dividend. This is not a sustainable payout ratio.
BWLPG's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP129.12%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
OSL:BWLPG (7/23/2025, 10:55:30 AM)
138.9
+5 (+3.73%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners33.22%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap22.12B
Analysts82.67
Price Target145.73 (4.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.43% |
Yearly Dividend27.92
Dividend Growth(5Y)44.99%
DP129.12%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-0.12%
PT rev (3m)-15.15%
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 | 8.14 | ||
| Fwd PE | 6.76 | ||
| P/S | 0.64 | ||
| P/FCF | N/A | ||
| P/OCF | 4.27 | ||
| P/B | 1.22 | ||
| P/tB | 1.23 | ||
| EV/EBITDA | 5.46 |
EPS(TTM)17.06
EY12.28%
EPS(NY)20.54
Fwd EY14.79%
FCF(TTM)-10.6
FCFYN/A
OCF(TTM)32.51
OCFY23.41%
SpS216.04
BVpS113.41
TBVpS113.38
PEG (NY)N/A
PEG (5Y)0.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.71% | ||
| ROE | 14.54% | ||
| ROCE | 11.66% | ||
| ROIC | 8.98% | ||
| ROICexc | 10% | ||
| ROICexgc | 10.01% | ||
| 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)13.62%
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 Turnover1.01
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 | 2.67 |
F-Score3
WACC9.12%
ROIC/WACC0.98
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%