DORIAN LPG LTD (LPG) Stock Fundamental Analysis
NYSE:LPG - MHY2106R1100 - Common Stock
31.98 USD
-0.02 (-0.06%)
31.98 USD
0 (0%)
LPG 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. LPG has an excellent financial health rating, but there are some minor concerns on its 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.
In the past year LPG had a positive cash flow from operations.
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 (2.80%) which is in line with its industry peers.
The Return On Equity of LPG (4.73%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 3.51%, LPG is doing worse than 65.24% of the companies in the same industry.
LPG had an Average Return On Invested Capital over the past 3 years of 10.02%. This is significantly below the industry average of 23.42%.
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
The Profit Margin of LPG (15.15%) is better than 64.29% of its industry peers.
LPG's Profit Margin has declined in the last couple of years.
The Operating Margin of LPG (22.51%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of LPG has declined.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LPG is creating some value.
LPG has more shares outstanding than it did 1 year ago.
LPG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, LPG has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.89 indicates that LPG is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.89, LPG is in the better half of the industry, outperforming 65.24% of the companies in the same industry.
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.
With a decent Debt to FCF ratio value of 4.82, LPG is doing good in the industry, outperforming 66.19% of the companies in the same industry.
A Debt/Equity ratio of 0.47 indicates that LPG is not too dependend on debt financing.
LPG has a Debt to Equity ratio of 0.47. This is comparable to the rest of the industry: LPG outperforms 50.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.82 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.39
WACC8.98%
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.
Looking at the Current ratio, with a value of 3.32, LPG belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
A Quick Ratio of 3.30 indicates that LPG has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.30, LPG belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.32 | ||
| Quick Ratio | 3.3 |
3. Growth
3.1 Past
The earnings per share for LPG have decreased strongly by -82.98% in the last year.
LPG shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.02% yearly.
The Revenue for LPG has decreased by -42.65% in the past year. This is quite bad
Measured over the past years, LPG shows a small growth in Revenue. The Revenue has been growing by 1.17% on average per year.
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
LPG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.74% yearly.
LPG is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.82% yearly.
EPS Next Y65.44%
EPS Next 2Y0.83%
EPS Next 3Y-8.74%
EPS Next 5YN/A
Revenue Next Year18.17%
Revenue Next 2Y-1.8%
Revenue Next 3Y-2.82%
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
With a Price/Earnings ratio of 24.60, 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 (27.08), we can say LPG is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 13.74, the valuation of LPG can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as LPG.
When comparing the Price/Forward Earnings ratio of LPG to the average of the S&P500 Index (22.72), we can say LPG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.6 | ||
| Fwd PE | 13.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LPG is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, LPG is valued a bit cheaper than the industry average as 67.14% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.19 | ||
| EV/EBITDA | 11.32 |
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.
A cheap valuation may be justified as LPG's earnings are expected to decrease with -8.74% in the coming years.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y0.83%
EPS Next 3Y-8.74%
5. Dividend
5.1 Amount
LPG has a Yearly Dividend Yield of 8.76%, which is a nice return.
LPG's Dividend Yield is rather good when compared to the industry average which is at 6.11. LPG pays more dividend than 86.19% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, LPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.76% |
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 2Y0.83%
EPS Next 3Y-8.74%
31.98
-0.02 (-0.06%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.72%
Inst Owner Change26.83%
Ins Owners13.94%
Ins Owner Change6.13%
Market Cap1.36B
Analysts80
Price Target32.93 (2.97%)
Short Float %3.82%
Short Ratio2.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.76% |
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)3.2%
PT rev (3m)3.2%
EPS NQ rev (1m)16.62%
EPS NQ rev (3m)58.11%
EPS NY rev (1m)9.37%
EPS NY rev (3m)30.73%
Revenue NQ rev (1m)8.28%
Revenue NQ rev (3m)4.85%
Revenue NY rev (1m)6.6%
Revenue NY rev (3m)17.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.6 | ||
| Fwd PE | 13.74 | ||
| P/S | 4.22 | ||
| P/FCF | 12.19 | ||
| P/OCF | 10.29 | ||
| P/B | 1.32 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 11.32 |
EPS(TTM)1.3
EY4.07%
EPS(NY)2.33
Fwd EY7.28%
FCF(TTM)2.62
FCFY8.2%
OCF(TTM)3.11
OCFY9.72%
SpS7.58
BVpS24.26
TBVpS24.26
PEG (NY)0.38
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 | 1.89 |
F-Score5
WACC8.98%
ROIC/WACC0.39
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 Y65.44%
EPS Next 2Y0.83%
EPS Next 3Y-8.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-42.65%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-26.36%
Revenue Next Year18.17%
Revenue Next 2Y-1.8%
Revenue Next 3Y-2.82%
Revenue Next 5YN/A
EBIT growth 1Y-77.86%
EBIT growth 3Y9.8%
EBIT growth 5Y-6.91%
EBIT Next Year83.15%
EBIT Next 3Y7.87%
EBIT Next 5YN/A
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%