DORIAN LPG LTD (LPG) Stock Fundamental Analysis
USA - NYSE:LPG - MHY2106R1100 - Common Stock
27.79 USD
+0.62 (+2.28%)
27.5 USD
-0.29 (-1.04%)
Taking everything into account, LPG scores 5 out of 10 in our fundamental rating. LPG was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. LPG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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.
In the past year LPG had a positive cash flow from operations.
In the past 5 years LPG has always been profitable.
In the past 5 years LPG always reported a positive cash flow from operatings.
1.2 Ratios
LPG has a Return On Assets of 2.80%. This is comparable to the rest of the industry: LPG outperforms 46.67% of its industry peers.
LPG has a Return On Equity (4.73%) which is in line with its industry peers.
LPG's Return On Invested Capital of 3.51% is on the low side compared to the rest of the industry. LPG is outperformed by 65.24% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LPG is significantly below the industry average of 21.78%.
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's Profit Margin of 15.15% is fine compared to the rest of the industry. LPG outperforms 64.76% of its industry peers.
In the last couple of years the Profit Margin of LPG has declined.
Looking at the Operating Margin, with a value of 22.51%, LPG is in line with its industry, outperforming 60.00% of the companies in the same industry.
LPG's Operating Margin has declined in the last couple of years.
LPG's Gross Margin of 85.69% is amongst the best of the industry. LPG outperforms 93.33% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LPG is still creating some value.
The number of shares outstanding for LPG has been increased compared to 1 year ago.
LPG has less shares outstanding than it did 5 years ago.
LPG has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.74, we must say that LPG is in the distress zone and has some risk of bankruptcy.
LPG has a Altman-Z score of 1.74. This is in the better half of the industry: LPG outperforms 60.95% 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 64.29% of its industry peers.
LPG has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
LPG's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. LPG outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.82 | ||
| Altman-Z | 1.74 |
ROIC/WACC0.44
WACC7.99%
2.3 Liquidity
LPG has a Current Ratio of 3.32. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
LPG has a Current ratio of 3.32. This is amongst the best in the industry. LPG outperforms 85.71% 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 87.14% 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 -63.19%.
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 -36.98%.
LPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.17% yearly.
EPS 1Y (TTM)-63.19%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%274.29%
Revenue 1Y (TTM)-36.98%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%50.5%
3.2 Future
The Earnings Per Share is expected to decrease by -19.15% on average over the next years. This is quite bad
The Revenue is expected to grow by 3.43% on average over the next years.
EPS Next Y37.93%
EPS Next 2Y-3.65%
EPS Next 3Y-19.15%
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
LPG is valuated correctly with a Price/Earnings ratio of 12.30.
63.81% of the companies in the same industry are more expensive than LPG, based on the Price/Earnings ratio.
LPG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.06.
The Price/Forward Earnings ratio is 13.07, which indicates a correct valuation of LPG.
LPG's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 32.73. LPG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.3 | ||
| Fwd PE | 13.07 |
4.2 Price Multiples
LPG's Enterprise Value to EBITDA ratio is in line with the industry average.
LPG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. LPG is cheaper than 76.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.6 | ||
| EV/EBITDA | 10.08 |
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 -19.15% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.32
PEG (5Y)N/A
EPS Next 2Y-3.65%
EPS Next 3Y-19.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.82%, LPG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.14, LPG pays a better dividend. On top of this LPG pays more dividend than 85.24% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, LPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.82% |
5.2 History
LPG has been paying a dividend for over 5 years, so it has already some track record.
The dividend of LPG decreased 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-3.65%
EPS Next 3Y-19.15%
27.79
+0.62 (+2.28%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners66.27%
Inst Owner Change-21.97%
Ins Owners14.24%
Ins Owner Change4.41%
Market Cap1.19B
Revenue(TTM)353.34M
Net Income(TTM)48.96M
Analysts80
Price Target33.54 (20.69%)
Short Float %3.88%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.82% |
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)1.86%
EPS NQ rev (1m)12.07%
EPS NQ rev (3m)30.74%
EPS NY rev (1m)3.53%
EPS NY rev (3m)-8.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.3 | ||
| Fwd PE | 13.07 | ||
| P/S | 3.67 | ||
| P/FCF | 10.6 | ||
| P/OCF | 8.94 | ||
| P/B | 1.15 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 10.08 |
EPS(TTM)2.26
EY8.13%
EPS(NY)2.13
Fwd EY7.65%
FCF(TTM)2.62
FCFY9.44%
OCF(TTM)3.11
OCFY11.19%
SpS7.58
BVpS24.26
TBVpS24.26
PEG (NY)0.32
PEG (5Y)N/A
Graham Number35.12
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%
ROICexgc growth 3Y7.64%
ROICexgc 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 | 1.74 |
F-Score5
WACC7.99%
ROIC/WACC0.44
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)-63.19%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%274.29%
EPS Next Y37.93%
EPS Next 2Y-3.65%
EPS Next 3Y-19.15%
EPS Next 5YN/A
Revenue 1Y (TTM)-36.98%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%50.5%
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 3Y7.34%
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%
DORIAN LPG LTD / LPG FAQ
What is the ChartMill fundamental rating of DORIAN LPG LTD (LPG) stock?
ChartMill assigns a fundamental rating of 5 / 10 to LPG.
What is the valuation status of DORIAN LPG LTD (LPG) stock?
ChartMill assigns a valuation rating of 5 / 10 to DORIAN LPG LTD (LPG). This can be considered as Fairly Valued.
How profitable is DORIAN LPG LTD (LPG) stock?
DORIAN LPG LTD (LPG) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for LPG stock?
The Price/Earnings (PE) ratio for DORIAN LPG LTD (LPG) is 12.3 and the Price/Book (PB) ratio is 1.15.
Can you provide the dividend sustainability for LPG stock?
The dividend rating of DORIAN LPG LTD (LPG) is 5 / 10 and the dividend payout ratio is 280.3%.