DORIAN LPG LTD (LPG) Stock Fundamental Analysis
NYSE:LPG - New York Stock Exchange, Inc. - MHY2106R1100 - Common Stock - Currency: USD
LPG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. LPG gets an excellent profitability rating and is at the same time showing great financial health properties. LPG has a bad growth rate and is valued cheaply. These ratings would make LPG suitable for value investing!
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.
Each year in the past 5 years LPG had a positive operating cash flow.
1.2 Ratios
LPG has a Return On Assets of 8.86%. This is in the better half of the industry: LPG outperforms 78.40% of its industry peers.
The Return On Equity of LPG (15.10%) is better than 71.83% of its industry peers.
LPG has a better Return On Invested Capital (8.30%) than 65.26% of its industry peers.
LPG had an Average Return On Invested Capital over the past 3 years of 9.72%. This is significantly below the industry average of 25.88%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.86% | ||
| ROE | 15.1% | ||
| ROIC | 8.3% |
ROA(3y)10.43%
ROA(5y)8.77%
ROE(3y)19.19%
ROE(5y)15.76%
ROIC(3y)9.72%
ROIC(5y)8.66%
1.3 Margins
LPG has a better Profit Margin (38.52%) than 90.61% of its industry peers.
In the last couple of years the Profit Margin of LPG has grown nicely.
LPG's Operating Margin of 43.05% is amongst the best of the industry. LPG outperforms 88.73% of its industry peers.
LPG's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 88.86%, LPG belongs to the best of the industry, outperforming 94.84% of the companies in the same industry.
LPG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.05% | ||
| PM (TTM) | 38.52% | ||
| GM | 88.86% |
OM growth 3Y16.86%
OM growth 5Y115.36%
PM growth 3Y23.21%
PM growth 5YN/A
GM growth 3Y-0.52%
GM growth 5Y-1.47%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LPG is destroying value.
LPG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for LPG has been reduced compared to 5 years ago.
Compared to 1 year ago, LPG has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.79, we must say that LPG is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.79, LPG is doing good in the industry, outperforming 62.91% of the companies in the same industry.
LPG has a debt to FCF ratio of 2.30. This is a good value and a sign of high solvency as LPG would need 2.30 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 2.30, LPG belongs to the best of the industry, outperforming 81.69% of the companies in the same industry.
LPG has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
LPG has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: LPG outperforms 48.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.3 | ||
| Altman-Z | 1.79 |
ROIC/WACC0.83
WACC9.98%
2.3 Liquidity
LPG has a Current Ratio of 3.97. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
LPG's Current ratio of 3.97 is amongst the best of the industry. LPG outperforms 88.73% of its industry peers.
A Quick Ratio of 3.95 indicates that LPG has no problem at all paying its short term obligations.
LPG has a better Quick ratio (3.95) than 89.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.97 | ||
| Quick Ratio | 3.95 |
3. Growth
3.1 Past
The earnings per share for LPG have decreased strongly by -48.16% in the last year.
The Earnings Per Share has been growing by 63.39% on average over the past years. This is a very strong growth
Looking at the last year, LPG shows a very negative growth in Revenue. The Revenue has decreased by -24.25% in the last year.
Measured over the past years, LPG shows a very strong growth in Revenue. The Revenue has been growing by 28.83% on average per year.
EPS 1Y (TTM)-48.16%
EPS 3Y63.39%
EPS 5YN/A
EPS Q2Q%-83.59%
Revenue 1Y (TTM)-24.25%
Revenue growth 3Y21.08%
Revenue growth 5Y28.83%
Sales Q2Q%-50.53%
3.2 Future
LPG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -34.46% yearly.
The Revenue is expected to decrease by -17.53% on average over the next years. This is quite bad
EPS Next Y-65.97%
EPS Next 2Y-38.21%
EPS Next 3Y-34.46%
EPS Next 5YN/A
Revenue Next Year-32.33%
Revenue Next 2Y-17.6%
Revenue Next 3Y-17.53%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
LPG is valuated cheaply with a Price/Earnings ratio of 5.74.
Based on the Price/Earnings ratio, LPG is valued cheaper than 85.92% of the companies in the same industry.
LPG is valuated cheaply when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.82, the valuation of LPG can be described as very cheap.
Based on the Price/Forward Earnings ratio, LPG is valued a bit cheaper than the industry average as 74.18% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.94. LPG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.74 | ||
| Fwd PE | 7.82 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LPG is valued a bit cheaper than the industry average as 70.89% of the companies are valued more expensively.
91.55% of the companies in the same industry are more expensive than LPG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.93 | ||
| EV/EBITDA | 4.81 |
4.3 Compensation for Growth
LPG has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as LPG's earnings are expected to decrease with -34.46% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-38.21%
EPS Next 3Y-34.46%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.55%, LPG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.03, LPG pays a better dividend. On top of this LPG pays more dividend than 94.84% of the companies listed in the same industry.
LPG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.55% |
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
LPG pays out 103.50% of its income as dividend. This is not a sustainable payout ratio.
DP103.5%
EPS Next 2Y-38.21%
EPS Next 3Y-34.46%
22.66
-0.75 (-3.2%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners70.97%
Inst Owner Change-9.7%
Ins Owners13.87%
Ins Owner Change1.27%
Market Cap969.85M
Analysts80
Price Target31.91 (40.82%)
Short Float %4.24%
Short Ratio1.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.55% |
Yearly Dividend4.01
Dividend Growth(5Y)N/A
DP103.5%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-40.07%
Min EPS beat(2)-42.02%
Max EPS beat(2)-38.12%
EPS beat(4)2
Avg EPS beat(4)-12.34%
Min EPS beat(4)-42.02%
Max EPS beat(4)27.53%
EPS beat(8)5
Avg EPS beat(8)5.28%
EPS beat(12)7
Avg EPS beat(12)7.39%
EPS beat(16)8
Avg EPS beat(16)-0.39%
Revenue beat(2)0
Avg Revenue beat(2)-8.65%
Min Revenue beat(2)-12.62%
Max Revenue beat(2)-4.68%
Revenue beat(4)1
Avg Revenue beat(4)-4.31%
Min Revenue beat(4)-12.62%
Max Revenue beat(4)5.31%
Revenue beat(8)4
Avg Revenue beat(8)-2.88%
Revenue beat(12)8
Avg Revenue beat(12)0.46%
Revenue beat(16)11
Avg Revenue beat(16)1.32%
PT rev (1m)-16%
PT rev (3m)-20.29%
EPS NQ rev (1m)-6.83%
EPS NQ rev (3m)-6.83%
EPS NY rev (1m)-3.23%
EPS NY rev (3m)-3.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.54%
Revenue NY rev (3m)-0.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.74 | ||
| Fwd PE | 7.82 | ||
| P/S | 2.32 | ||
| P/FCF | 3.93 | ||
| P/OCF | 3.5 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 4.81 |
EPS(TTM)3.95
EY17.43%
EPS(NY)2.9
Fwd EY12.79%
FCF(TTM)5.76
FCFY25.41%
OCF(TTM)6.47
OCFY28.57%
SpS9.79
BVpS24.97
TBVpS24.97
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.86% | ||
| ROE | 15.1% | ||
| ROCE | 10.51% | ||
| ROIC | 8.3% | ||
| ROICexc | 10.24% | ||
| ROICexgc | 10.24% | ||
| OM | 43.05% | ||
| PM (TTM) | 38.52% | ||
| GM | 88.86% | ||
| FCFM | 58.85% |
ROA(3y)10.43%
ROA(5y)8.77%
ROE(3y)19.19%
ROE(5y)15.76%
ROIC(3y)9.72%
ROIC(5y)8.66%
ROICexc(3y)11.34%
ROICexc(5y)9.77%
ROICexgc(3y)11.34%
ROICexgc(5y)9.77%
ROCE(3y)12.31%
ROCE(5y)10.96%
ROICexcg growth 3Y40.78%
ROICexcg growth 5Y180.22%
ROICexc growth 3Y40.78%
ROICexc growth 5Y180.22%
OM growth 3Y16.86%
OM growth 5Y115.36%
PM growth 3Y23.21%
PM growth 5YN/A
GM growth 3Y-0.52%
GM growth 5Y-1.47%
F-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.3 | ||
| Debt/EBITDA | 2.05 | ||
| Cap/Depr | 43.91% | ||
| Cap/Sales | 7.3% | ||
| Interest Coverage | 5.16 | ||
| Cash Conversion | 110.84% | ||
| Profit Quality | 152.79% | ||
| Current Ratio | 3.97 | ||
| Quick Ratio | 3.95 | ||
| Altman-Z | 1.79 |
F-Score5
WACC9.98%
ROIC/WACC0.83
Cap/Depr(3y)63.77%
Cap/Depr(5y)47.07%
Cap/Sales(3y)10.66%
Cap/Sales(5y)8.2%
Profit Quality(3y)112.86%
Profit Quality(5y)129.16%
High Growth Momentum
Growth
EPS 1Y (TTM)-48.16%
EPS 3Y63.39%
EPS 5YN/A
EPS Q2Q%-83.59%
EPS Next Y-65.97%
EPS Next 2Y-38.21%
EPS Next 3Y-34.46%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.25%
Revenue growth 3Y21.08%
Revenue growth 5Y28.83%
Sales Q2Q%-50.53%
Revenue Next Year-32.33%
Revenue Next 2Y-17.6%
Revenue Next 3Y-17.53%
Revenue Next 5YN/A
EBIT growth 1Y-45.51%
EBIT growth 3Y41.49%
EBIT growth 5Y177.45%
EBIT Next Year-33.04%
EBIT Next 3Y-15.82%
EBIT Next 5YN/A
FCF growth 1Y70.22%
FCF growth 3Y30.2%
FCF growth 5Y135.59%
OCF growth 1Y77.71%
OCF growth 3Y31.56%
OCF growth 5Y112.81%