DORIAN LPG LTD (LPG) Stock Fundamental Analysis
USA - NYSE:LPG - MHY2106R1100 - Common Stock
26.7 USD
+0.47 (+1.79%)
26.7 USD
0 (0%)
Overall LPG gets a fundamental rating of 5 out of 10. We evaluated LPG against 211 industry peers in the Oil, Gas & Consumable Fuels industry. LPG has only an average score on both its financial health and profitability. LPG has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
LPG had positive earnings in the past year.
LPG had a positive operating cash flow in the past year.
LPG had positive earnings in each of the past 5 years.
LPG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LPG has a Return On Assets of 2.80%. This is comparable to the rest of the industry: LPG outperforms 47.39% of its industry peers.
LPG has a Return On Equity (4.73%) which is comparable to the rest of the industry.
The Return On Invested Capital of LPG (3.51%) is worse than 64.93% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LPG is significantly below the industry average of 21.53%.
The 3 year average ROIC (10.02%) for LPG is well above the current ROIC(3.51%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.8% | ||
| ROE | 4.73% | ||
| ROIC | 3.51% |
ROA(3y)10.63%
ROA(5y)8.44%
ROE(3y)19.46%
ROE(5y)15.2%
ROIC(3y)10.02%
ROIC(5y)8.12%
1.3 Margins
LPG has a Profit Margin of 15.15%. This is in the better half of the industry: LPG outperforms 64.93% of its industry peers.
In the last couple of years the Profit Margin of LPG has declined.
The Operating Margin of LPG (22.51%) is better than 60.19% of its industry peers.
In the last couple of years the Operating Margin of LPG has declined.
LPG has a Gross Margin of 85.69%. This is amongst the best in the industry. LPG outperforms 93.36% of its industry peers.
LPG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.51% | ||
| PM (TTM) | 15.15% | ||
| GM | 85.69% |
OM growth 3Y0.9%
OM growth 5Y-7.98%
PM growth 3Y-0.9%
PM growth 5Y-5.32%
GM growth 3Y-1.99%
GM growth 5Y-1.95%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LPG is creating some value.
The number of shares outstanding for LPG has been increased compared to 1 year ago.
The number of shares outstanding for LPG has been reduced compared to 5 years ago.
LPG has a better debt/assets ratio than last year.
2.2 Solvency
LPG has an Altman-Z score of 1.68. This is a bad value and indicates that LPG is not financially healthy and even has some risk of bankruptcy.
LPG's Altman-Z score of 1.68 is in line compared to the rest of the industry. LPG outperforms 59.72% of its industry peers.
The Debt to FCF ratio of LPG is 4.82, which is a neutral value as it means it would take LPG, 4.82 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of LPG (4.82) is better than 65.88% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that LPG is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.47, LPG is in line with its industry, outperforming 50.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.82 | ||
| Altman-Z | 1.68 |
ROIC/WACC0.43
WACC8.25%
2.3 Liquidity
A Current Ratio of 3.32 indicates that LPG has no problem at all paying its short term obligations.
LPG has a Current ratio of 3.32. This is amongst the best in the industry. LPG outperforms 85.78% of its industry peers.
LPG has a Quick Ratio of 3.30. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.30, LPG belongs to the top of the industry, outperforming 87.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.32 | ||
| Quick Ratio | 3.3 |
3. Growth
3.1 Past
LPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -82.98%.
Measured over the past years, LPG shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.02% on average per year.
LPG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -42.65%.
The Revenue has been growing slightly by 1.17% on average over the past years.
EPS 1Y (TTM)-82.98%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-78.57%
Revenue 1Y (TTM)-42.65%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-26.36%
3.2 Future
Based on estimates for the next years, LPG will show a very negative growth in Earnings Per Share. The EPS will decrease by -19.03% on average per year.
Based on estimates for the next years, LPG will show a small growth in Revenue. The Revenue will grow by 3.43% on average per year.
EPS Next Y33.23%
EPS Next 2Y-2.09%
EPS Next 3Y-19.03%
EPS Next 5YN/A
Revenue Next Year11.23%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.63%
Revenue Next 5Y3.43%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.54, LPG is valued on the expensive side.
LPG's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of LPG to the average of the S&P500 Index (27.55), we can say LPG is valued slightly cheaper.
With a Price/Forward Earnings ratio of 12.16, LPG is valued correctly.
LPG's Price/Forward Earnings is on the same level as the industry average.
LPG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 12.16 |
4.2 Price Multiples
LPG's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, LPG is valued a bit cheaper than 74.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.18 | ||
| EV/EBITDA | 9.61 |
4.3 Compensation for Growth
LPG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
LPG's earnings are expected to decrease with -19.03% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.62
PEG (5Y)N/A
EPS Next 2Y-2.09%
EPS Next 3Y-19.03%
5. Dividend
5.1 Amount
LPG has a Yearly Dividend Yield of 10.70%, which is a nice return.
LPG's Dividend Yield is rather good when compared to the industry average which is at 6.15. LPG pays more dividend than 91.47% of the companies in the same industry.
LPG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.7% |
5.2 History
LPG has been paying a dividend for over 5 years, so it has already some track record.
LPG has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
280.30% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP280.3%
EPS Next 2Y-2.09%
EPS Next 3Y-19.03%
26.7
+0.47 (+1.79%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners66.27%
Inst Owner Change0%
Ins Owners14.24%
Ins Owner Change4.47%
Market Cap1.14B
Analysts80
Price Target33.54 (25.62%)
Short Float %4.07%
Short Ratio2.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.7% |
Yearly Dividend3.75
Dividend Growth(5Y)N/A
DP280.3%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-64.3%
Min EPS beat(2)-67.19%
Max EPS beat(2)-61.41%
EPS beat(4)0
Avg EPS beat(4)-52.18%
Min EPS beat(4)-67.19%
Max EPS beat(4)-38.12%
EPS beat(8)4
Avg EPS beat(8)-12.91%
EPS beat(12)7
Avg EPS beat(12)-1.97%
EPS beat(16)8
Avg EPS beat(16)-5.25%
Revenue beat(2)0
Avg Revenue beat(2)-16.36%
Min Revenue beat(2)-22.54%
Max Revenue beat(2)-10.17%
Revenue beat(4)0
Avg Revenue beat(4)-12.5%
Min Revenue beat(4)-22.54%
Max Revenue beat(4)-4.68%
Revenue beat(8)3
Avg Revenue beat(8)-6.08%
Revenue beat(12)6
Avg Revenue beat(12)-2.94%
Revenue beat(16)9
Avg Revenue beat(16)-1.74%
PT rev (1m)0%
PT rev (3m)9.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)26.75%
EPS NY rev (1m)-19.47%
EPS NY rev (3m)-11.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)18.73%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.54 | ||
| Fwd PE | 12.16 | ||
| P/S | 3.52 | ||
| P/FCF | 10.18 | ||
| P/OCF | 8.59 | ||
| P/B | 1.1 | ||
| P/tB | 1.1 | ||
| EV/EBITDA | 9.61 |
EPS(TTM)1.3
EY4.87%
EPS(NY)2.2
Fwd EY8.22%
FCF(TTM)2.62
FCFY9.82%
OCF(TTM)3.11
OCFY11.64%
SpS7.58
BVpS24.26
TBVpS24.26
PEG (NY)0.62
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.8% | ||
| ROE | 4.73% | ||
| ROCE | 4.44% | ||
| ROIC | 3.51% | ||
| ROICexc | 4.23% | ||
| ROICexgc | 4.23% | ||
| OM | 22.51% | ||
| PM (TTM) | 15.15% | ||
| GM | 85.69% | ||
| FCFM | 34.61% |
ROA(3y)10.63%
ROA(5y)8.44%
ROE(3y)19.46%
ROE(5y)15.2%
ROIC(3y)10.02%
ROIC(5y)8.12%
ROICexc(3y)11.78%
ROICexc(5y)9.41%
ROICexgc(3y)11.78%
ROICexgc(5y)9.41%
ROCE(3y)12.68%
ROCE(5y)10.28%
ROICexcg growth 3Y7.64%
ROICexcg growth 5Y-4.68%
ROICexc growth 3Y7.64%
ROICexc growth 5Y-4.68%
OM growth 3Y0.9%
OM growth 5Y-7.98%
PM growth 3Y-0.9%
PM growth 5Y-5.32%
GM growth 3Y-1.99%
GM growth 5Y-1.95%
F-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.82 | ||
| Debt/EBITDA | 3.38 | ||
| Cap/Depr | 29.31% | ||
| Cap/Sales | 6.42% | ||
| Interest Coverage | 2.31 | ||
| Cash Conversion | 92.36% | ||
| Profit Quality | 228.43% | ||
| Current Ratio | 3.32 | ||
| Quick Ratio | 3.3 | ||
| Altman-Z | 1.68 |
F-Score5
WACC8.25%
ROIC/WACC0.43
Cap/Depr(3y)61.2%
Cap/Depr(5y)46.48%
Cap/Sales(3y)9.63%
Cap/Sales(5y)8.07%
Profit Quality(3y)125.53%
Profit Quality(5y)136.68%
High Growth Momentum
Growth
EPS 1Y (TTM)-82.98%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-78.57%
EPS Next Y33.23%
EPS Next 2Y-2.09%
EPS Next 3Y-19.03%
EPS Next 5YN/A
Revenue 1Y (TTM)-42.65%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-26.36%
Revenue Next Year11.23%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.63%
Revenue Next 5Y3.43%
EBIT growth 1Y-77.86%
EBIT growth 3Y9.8%
EBIT growth 5Y-6.91%
EBIT Next Year74.16%
EBIT Next 3Y7.33%
EBIT Next 5Y11.95%
FCF growth 1Y-41.44%
FCF growth 3Y17.28%
FCF growth 5Y0.67%
OCF growth 1Y-47.65%
OCF growth 3Y13.38%
OCF growth 5Y0.47%