GOLAR LNG LTD (GLNG) Stock Fundamental Analysis
NASDAQ:GLNG - Nasdaq - BMG9456A1009 - Common Stock - Currency: USD
Taking everything into account, GLNG scores 2 out of 10 in our fundamental rating. GLNG was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. GLNG may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, GLNG is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
GLNG had positive earnings in the past year.
GLNG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: GLNG reported negative net income in multiple years.
In the past 5 years GLNG always reported a positive cash flow from operatings.
1.2 Ratios
GLNG has a Return On Assets of 1.16%. This is in the lower half of the industry: GLNG underperforms 63.68% of its industry peers.
With a Return On Equity value of 2.52%, GLNG is not doing good in the industry: 63.21% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 1.03%, GLNG is doing worse than 74.53% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GLNG is significantly below the industry average of 25.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 2.52% | ||
| ROIC | 1.03% |
ROA(3y)6.14%
ROA(5y)4.09%
ROE(3y)10.59%
ROE(5y)6.9%
ROIC(3y)1.67%
ROIC(5y)1.97%
1.3 Margins
GLNG has a better Profit Margin (19.53%) than 71.23% of its industry peers.
In the last couple of years the Profit Margin of GLNG has declined.
GLNG has a Operating Margin (17.62%) which is comparable to the rest of the industry.
GLNG's Operating Margin has declined in the last couple of years.
GLNG has a Gross Margin of 53.30%. This is comparable to the rest of the industry: GLNG outperforms 58.96% of its industry peers.
In the last couple of years the Gross Margin of GLNG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.62% | ||
| PM (TTM) | 19.53% | ||
| GM | 53.3% |
OM growth 3Y-23.38%
OM growth 5Y-9.29%
PM growth 3Y-50.3%
PM growth 5YN/A
GM growth 3Y-10.75%
GM growth 5Y-3.68%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLNG is destroying value.
GLNG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for GLNG has been increased compared to 5 years ago.
The debt/assets ratio for GLNG is higher compared to a year ago.
2.2 Solvency
GLNG has an Altman-Z score of 1.20. This is a bad value and indicates that GLNG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GLNG (1.20) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.46 indicates that GLNG is not too dependend on debt financing.
The Debt to Equity ratio of GLNG (0.46) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.2 |
ROIC/WACC0.1
WACC9.94%
2.3 Liquidity
A Current Ratio of 0.88 indicates that GLNG may have some problems paying its short term obligations.
GLNG's Current ratio of 0.88 is on the low side compared to the rest of the industry. GLNG is outperformed by 66.51% of its industry peers.
A Quick Ratio of 0.88 indicates that GLNG may have some problems paying its short term obligations.
With a Quick ratio value of 0.88, GLNG perfoms like the industry average, outperforming 41.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
The earnings per share for GLNG have decreased strongly by -32.97% in the last year.
GLNG shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.16% yearly.
The Revenue for GLNG has decreased by -12.75% in the past year. This is quite bad
GLNG shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.32% yearly.
EPS 1Y (TTM)-32.97%
EPS 3Y-2.16%
EPS 5YN/A
EPS Q2Q%-64.91%
Revenue 1Y (TTM)-12.75%
Revenue growth 3Y0.01%
Revenue growth 5Y-10.32%
Sales Q2Q%-17.27%
3.2 Future
The Earnings Per Share is expected to grow by 5.33% on average over the next years.
The Revenue is expected to grow by 26.57% on average over the next years. This is a very strong growth
EPS Next Y2.11%
EPS Next 2Y-18.76%
EPS Next 3Y5.33%
EPS Next 5YN/A
Revenue Next Year57.08%
Revenue Next 2Y22.96%
Revenue Next 3Y26.57%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.93 indicates a rather expensive valuation of GLNG.
62.26% of the companies in the same industry are cheaper than GLNG, based on the Price/Earnings ratio.
GLNG's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.22.
A Price/Forward Earnings ratio of 24.38 indicates a rather expensive valuation of GLNG.
Based on the Price/Forward Earnings ratio, GLNG is valued a bit more expensive than the industry average as 62.26% of the companies are valued more cheaply.
GLNG's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.93 | ||
| Fwd PE | 24.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GLNG is valued a bit more expensive than the industry average as 76.42% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 53.69 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates GLNG does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)11.8
PEG (5Y)N/A
EPS Next 2Y-18.76%
EPS Next 3Y5.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.49%, GLNG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 7.33, GLNG has a dividend in line with its industry peers.
GLNG's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
5.2 History
On average, the dividend of GLNG grows each year by 12.28%, which is quite nice.
GLNG has paid a dividend for at least 10 years, which is a reliable track record.
GLNG has decreased its dividend recently.
Dividend Growth(5Y)12.28%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
GLNG pays out 204.78% of its income as dividend. This is not a sustainable payout ratio.
GLNG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP204.78%
EPS Next 2Y-18.76%
EPS Next 3Y5.33%
39.64
-2.91 (-6.84%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners85.8%
Inst Owner Change0.13%
Ins Owners2.65%
Ins Owner ChangeN/A
Market Cap4.15B
Analysts84
Price Target48.26 (21.75%)
Short Float %5.19%
Short Ratio2.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.49% |
Yearly Dividend1
Dividend Growth(5Y)12.28%
DP204.78%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.76%
Min EPS beat(2)-1.1%
Max EPS beat(2)28.62%
EPS beat(4)2
Avg EPS beat(4)1.83%
Min EPS beat(4)-35.5%
Max EPS beat(4)28.62%
EPS beat(8)5
Avg EPS beat(8)10.09%
EPS beat(12)9
Avg EPS beat(12)42.77%
EPS beat(16)10
Avg EPS beat(16)1343.01%
Revenue beat(2)0
Avg Revenue beat(2)-14.88%
Min Revenue beat(2)-18.14%
Max Revenue beat(2)-11.62%
Revenue beat(4)0
Avg Revenue beat(4)-14.96%
Min Revenue beat(4)-18.14%
Max Revenue beat(4)-11.62%
Revenue beat(8)0
Avg Revenue beat(8)-11.03%
Revenue beat(12)0
Avg Revenue beat(12)-16.43%
Revenue beat(16)0
Avg Revenue beat(16)-22.37%
PT rev (1m)1.88%
PT rev (3m)3.01%
EPS NQ rev (1m)-3.93%
EPS NQ rev (3m)-19.27%
EPS NY rev (1m)3.56%
EPS NY rev (3m)8.91%
Revenue NQ rev (1m)-2.36%
Revenue NQ rev (3m)-10.62%
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)-2.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.93 | ||
| Fwd PE | 24.38 | ||
| P/S | 15.93 | ||
| P/FCF | N/A | ||
| P/OCF | 13.03 | ||
| P/B | 2.06 | ||
| P/tB | 2.06 | ||
| EV/EBITDA | 53.69 |
EPS(TTM)1.59
EY4.01%
EPS(NY)1.63
Fwd EY4.1%
FCF(TTM)-1.21
FCFYN/A
OCF(TTM)3.04
OCFY7.67%
SpS2.49
BVpS19.25
TBVpS19.23
PEG (NY)11.8
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.16% | ||
| ROE | 2.52% | ||
| ROCE | 1.3% | ||
| ROIC | 1.03% | ||
| ROICexc | 1.22% | ||
| ROICexgc | 1.23% | ||
| OM | 17.62% | ||
| PM (TTM) | 19.53% | ||
| GM | 53.3% | ||
| FCFM | N/A |
ROA(3y)6.14%
ROA(5y)4.09%
ROE(3y)10.59%
ROE(5y)6.9%
ROIC(3y)1.67%
ROIC(5y)1.97%
ROICexc(3y)2.08%
ROICexc(5y)2.34%
ROICexgc(3y)2.08%
ROICexgc(5y)2.34%
ROCE(3y)2.11%
ROCE(5y)2.49%
ROICexcg growth 3Y-23.68%
ROICexcg growth 5Y-18.6%
ROICexc growth 3Y-23.7%
ROICexc growth 5Y-18.62%
OM growth 3Y-23.38%
OM growth 5Y-9.29%
PM growth 3Y-50.3%
PM growth 5YN/A
GM growth 3Y-10.75%
GM growth 5Y-3.68%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 9.36 | ||
| Cap/Depr | 831.52% | ||
| Cap/Sales | 170.94% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 320.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 1.2 |
F-Score6
WACC9.94%
ROIC/WACC0.1
Cap/Depr(3y)654.85%
Cap/Depr(5y)578.43%
Cap/Sales(3y)124.87%
Cap/Sales(5y)114.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.97%
EPS 3Y-2.16%
EPS 5YN/A
EPS Q2Q%-64.91%
EPS Next Y2.11%
EPS Next 2Y-18.76%
EPS Next 3Y5.33%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.75%
Revenue growth 3Y0.01%
Revenue growth 5Y-10.32%
Sales Q2Q%-17.27%
Revenue Next Year57.08%
Revenue Next 2Y22.96%
Revenue Next 3Y26.57%
Revenue Next 5YN/A
EBIT growth 1Y-56.56%
EBIT growth 3Y-23.38%
EBIT growth 5Y-18.65%
EBIT Next Year67.82%
EBIT Next 3Y27.5%
EBIT Next 5YN/A
FCF growth 1Y27.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y135.3%
OCF growth 3Y10.12%
OCF growth 5Y24.47%