DYNAGAS LNG PARTNERS LP (DLNG) Stock Fundamental Analysis
NYSE:DLNG - New York Stock Exchange, Inc. - MHY2188B1083 - Currency: USD
DLNG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While DLNG has a great profitability rating, there are quite some concerns on its financial health. DLNG is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
DLNG had positive earnings in the past year.
In the past year DLNG had a positive cash flow from operations.
Each year in the past 5 years DLNG has been profitable.
Each year in the past 5 years DLNG had a positive operating cash flow.
1.2 Ratios
DLNG's Return On Assets of 6.09% is fine compared to the rest of the industry. DLNG outperforms 65.71% of its industry peers.
DLNG has a Return On Equity of 10.64%. This is in the better half of the industry: DLNG outperforms 62.86% of its industry peers.
DLNG's Return On Invested Capital of 8.01% is fine compared to the rest of the industry. DLNG outperforms 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DLNG is significantly below the industry average of 23.80%.
The 3 year average ROIC (7.82%) for DLNG is below the current ROIC(8.01%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.09% | ||
| ROE | 10.64% | ||
| ROIC | 8.01% |
ROA(3y)3.9%
ROA(5y)3.67%
ROE(3y)7.79%
ROE(5y)8.19%
ROIC(3y)7.82%
ROIC(5y)6.95%
1.3 Margins
DLNG has a Profit Margin of 32.99%. This is amongst the best in the industry. DLNG outperforms 85.71% of its industry peers.
DLNG's Profit Margin has declined in the last couple of years.
DLNG's Operating Margin of 49.50% is amongst the best of the industry. DLNG outperforms 90.95% of its industry peers.
DLNG's Operating Margin has improved in the last couple of years.
DLNG has a Gross Margin of 75.65%. This is amongst the best in the industry. DLNG outperforms 87.14% of its industry peers.
In the last couple of years the Gross Margin of DLNG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.5% | ||
| PM (TTM) | 32.99% | ||
| GM | 75.65% |
OM growth 3Y1.81%
OM growth 5Y1.58%
PM growth 3Y-6.57%
PM growth 5YN/A
GM growth 3Y-0.4%
GM growth 5Y-0.16%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DLNG is creating some value.
The number of shares outstanding for DLNG remains at a similar level compared to 1 year ago.
Compared to 5 years ago, DLNG has more shares outstanding
Compared to 1 year ago, DLNG has an improved debt to assets ratio.
2.2 Solvency
DLNG has a debt to FCF ratio of 3.48. This is a good value and a sign of high solvency as DLNG would need 3.48 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.48, DLNG is doing good in the industry, outperforming 75.24% of the companies in the same industry.
A Debt/Equity ratio of 0.57 indicates that DLNG is somewhat dependend on debt financing.
The Debt to Equity ratio of DLNG (0.57) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 3.48 | ||
| Altman-Z | N/A |
ROIC/WACC1.13
WACC7.12%
2.3 Liquidity
A Current Ratio of 0.93 indicates that DLNG may have some problems paying its short term obligations.
With a Current ratio value of 0.93, DLNG is not doing good in the industry: 60.48% of the companies in the same industry are doing better.
A Quick Ratio of 0.92 indicates that DLNG may have some problems paying its short term obligations.
DLNG has a Quick ratio (0.92) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 116.67% over the past year.
Measured over the past years, DLNG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.37% on average per year.
The Revenue has decreased by -2.54% in the past year.
The Revenue has been growing slightly by 3.62% on average over the past years.
EPS 1Y (TTM)116.67%
EPS 3Y8.37%
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)-2.54%
Revenue growth 3Y4.33%
Revenue growth 5Y3.62%
Sales Q2Q%2.77%
3.2 Future
DLNG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.79% yearly.
The Revenue is expected to decrease by -0.30% on average over the next years.
EPS Next Y-1.64%
EPS Next 2Y2.78%
EPS Next 3Y5.79%
EPS Next 5YN/A
Revenue Next Year-2.32%
Revenue Next 2Y-0.99%
Revenue Next 3Y-0.3%
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 3.03, the valuation of DLNG can be described as very cheap.
DLNG's Price/Earnings ratio is rather cheap when compared to the industry. DLNG is cheaper than 98.10% of the companies in the same industry.
DLNG is valuated cheaply when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
DLNG is valuated cheaply with a Price/Forward Earnings ratio of 3.00.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DLNG indicates a rather cheap valuation: DLNG is cheaper than 97.62% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of DLNG to the average of the S&P500 Index (36.44), we can say DLNG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.03 | ||
| Fwd PE | 3 |
4.2 Price Multiples
DLNG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. DLNG is cheaper than 83.81% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, DLNG is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.41 | ||
| EV/EBITDA | 3.51 |
4.3 Compensation for Growth
The decent profitability rating of DLNG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.78%
EPS Next 3Y5.79%
5. Dividend
5.1 Amount
DLNG has a Yearly Dividend Yield of 8.75%, which is a nice return.
Compared to an average industry Dividend Yield of 6.49, DLNG pays a better dividend. On top of this DLNG pays more dividend than 84.29% of the companies listed in the same industry.
DLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.75% |
5.2 History
The dividend of DLNG decreases each year by -2.74%.
DLNG has been paying a dividend for over 5 years, so it has already some track record.
The dividend of DLNG decreased recently.
Dividend Growth(5Y)-2.74%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
DLNG pays out 28.65% of its income as dividend. This is a sustainable payout ratio.
DP28.65%
EPS Next 2Y2.78%
EPS Next 3Y5.79%
3.55
-0.04 (-1.11%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners26.16%
Inst Owner Change-0.68%
Ins Owners9.72%
Ins Owner ChangeN/A
Market Cap130.07M
Analysts85.71
Price Target5.1 (43.66%)
Short Float %0.23%
Short Ratio1.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.75% |
Yearly Dividend0.4
Dividend Growth(5Y)-2.74%
DP28.65%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.54%
Min EPS beat(2)5.04%
Max EPS beat(2)12.04%
EPS beat(4)2
Avg EPS beat(4)-3.42%
Min EPS beat(4)-18.3%
Max EPS beat(4)12.04%
EPS beat(8)2
Avg EPS beat(8)-31.14%
EPS beat(12)3
Avg EPS beat(12)-28.62%
EPS beat(16)6
Avg EPS beat(16)-19.83%
Revenue beat(2)1
Avg Revenue beat(2)3.23%
Min Revenue beat(2)-0.08%
Max Revenue beat(2)6.55%
Revenue beat(4)1
Avg Revenue beat(4)0.53%
Min Revenue beat(4)-2.74%
Max Revenue beat(4)6.55%
Revenue beat(8)4
Avg Revenue beat(8)3.87%
Revenue beat(12)6
Avg Revenue beat(12)2.47%
Revenue beat(16)10
Avg Revenue beat(16)2.21%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.45%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.03 | ||
| Fwd PE | 3 | ||
| P/S | 0.83 | ||
| P/FCF | 1.41 | ||
| P/OCF | 1.41 | ||
| P/B | 0.27 | ||
| P/tB | 0.27 | ||
| EV/EBITDA | 3.51 |
EPS(TTM)1.17
EY32.96%
EPS(NY)1.18
Fwd EY33.33%
FCF(TTM)2.51
FCFY70.83%
OCF(TTM)2.52
OCFY70.85%
SpS4.27
BVpS13.23
TBVpS13.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.09% | ||
| ROE | 10.64% | ||
| ROCE | 10.14% | ||
| ROIC | 8.01% | ||
| ROICexc | 8.8% | ||
| ROICexgc | 8.8% | ||
| OM | 49.5% | ||
| PM (TTM) | 32.99% | ||
| GM | 75.65% | ||
| FCFM | 58.91% |
ROA(3y)3.9%
ROA(5y)3.67%
ROE(3y)7.79%
ROE(5y)8.19%
ROIC(3y)7.82%
ROIC(5y)6.95%
ROICexc(3y)8.9%
ROICexc(5y)7.69%
ROICexgc(3y)8.9%
ROICexgc(5y)7.69%
ROCE(3y)9.9%
ROCE(5y)8.8%
ROICexcg growth 3Y13.74%
ROICexcg growth 5Y11.05%
ROICexc growth 3Y13.74%
ROICexc growth 5Y11.05%
OM growth 3Y1.81%
OM growth 5Y1.58%
PM growth 3Y-6.57%
PM growth 5YN/A
GM growth 3Y-0.4%
GM growth 5Y-0.16%
F-Score7
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 3.48 | ||
| Debt/EBITDA | 2.53 | ||
| Cap/Depr | 0.08% | ||
| Cap/Sales | 0.02% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.11% | ||
| Profit Quality | 178.58% | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | N/A |
F-Score7
WACC7.12%
ROIC/WACC1.13
Cap/Depr(3y)8.26%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.81%
Cap/Sales(5y)N/A
Profit Quality(3y)204.38%
Profit Quality(5y)221.92%
High Growth Momentum
Growth
EPS 1Y (TTM)116.67%
EPS 3Y8.37%
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y-1.64%
EPS Next 2Y2.78%
EPS Next 3Y5.79%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.54%
Revenue growth 3Y4.33%
Revenue growth 5Y3.62%
Sales Q2Q%2.77%
Revenue Next Year-2.32%
Revenue Next 2Y-0.99%
Revenue Next 3Y-0.3%
Revenue Next 5YN/A
EBIT growth 1Y19.63%
EBIT growth 3Y6.21%
EBIT growth 5Y5.26%
EBIT Next Year36.65%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y53.16%
FCF growth 3Y5%
FCF growth 5Y16.37%
OCF growth 1Y43.12%
OCF growth 3Y5.01%
OCF growth 5Y16.37%