DORIAN LPG LTD (LPG)
MHY2106R1100 - Common Stock
We assign a fundamental rating of 7 out of 10 to LPG. LPG was compared to 214 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 is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, LPG could be worth investigating further for value and quality 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.
Of the past 5 years LPG 4 years were profitable.
In the past 5 years LPG always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 16.71%, LPG belongs to the best of the industry, outperforming 81.22% of the companies in the same industry.
LPG has a Return On Equity of 30.91%. This is in the better half of the industry: LPG outperforms 77.00% of its industry peers.
LPG's Return On Invested Capital of 15.22% is fine compared to the rest of the industry. LPG outperforms 76.53% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LPG is significantly below the industry average of 44.69%.
The last Return On Invested Capital (15.22%) for LPG is above the 3 year average (6.77%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.71% | ||
| ROE | 30.91% | ||
| ROIC | 15.22% |
ROA(3y)6.81%
ROA(5y)4.79%
ROE(3y)12.44%
ROE(5y)8.64%
ROIC(3y)6.77%
ROIC(5y)5.69%
1.3 Margins
LPG has a better Profit Margin (55.01%) than 88.73% of its industry peers.
In the last couple of years the Profit Margin of LPG has grown nicely.
Looking at the Operating Margin, with a value of 59.85%, LPG belongs to the top of the industry, outperforming 90.61% of the companies in the same industry.
LPG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 92.49%, LPG belongs to the top of the industry, outperforming 95.77% of the companies in the same industry.
In the last couple of years the Gross Margin of LPG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 59.85% | ||
| PM (TTM) | 55.01% | ||
| GM | 92.49% |
OM growth 3Y1.91%
OM growth 5Y83.65%
PM growth 3Y9.68%
PM growth 5YN/A
GM growth 3Y-1.03%
GM growth 5Y-1.14%
2. Health
2.1 Basic Checks
LPG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
LPG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, LPG has less shares outstanding
LPG has a better debt/assets ratio than last year.
2.2 Solvency
LPG has an Altman-Z score of 2.54. This is not the best score and indicates that LPG is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.54, LPG is in the better half of the industry, outperforming 65.26% of the companies in the same industry.
LPG has a debt to FCF ratio of 2.33. This is a good value and a sign of high solvency as LPG would need 2.33 years to pay back of all of its debts.
LPG has a better Debt to FCF ratio (2.33) than 71.83% of its industry peers.
A Debt/Equity ratio of 0.57 indicates that LPG is somewhat dependend on debt financing.
LPG's Debt to Equity ratio of 0.57 is in line compared to the rest of the industry. LPG outperforms 43.66% of its industry peers.
Even though the debt/equity ratio score it not favorable for LPG, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 2.33 | ||
| Altman-Z | 2.54 |
ROIC/WACC1.97
WACC7.74%
2.3 Liquidity
A Current Ratio of 3.31 indicates that LPG has no problem at all paying its short term obligations.
LPG's Current ratio of 3.31 is amongst the best of the industry. LPG outperforms 83.10% of its industry peers.
LPG has a Quick Ratio of 3.29. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
LPG has a Quick ratio of 3.29. This is amongst the best in the industry. LPG outperforms 83.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.31 | ||
| Quick Ratio | 3.29 |
3. Growth
3.1 Past
LPG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 162.76%, which is quite impressive.
The Earnings Per Share has been growing by 20.53% on average over the past years. This is a very strong growth
The Revenue has grown by 64.72% in the past year. This is a very strong growth!
Measured over the past years, LPG shows a quite strong growth in Revenue. The Revenue has been growing by 19.59% on average per year.
EPS 1Y (TTM)162.76%
EPS 3Y20.53%
EPS 5YN/A
EPS growth Q2Q103.1%
Revenue 1Y (TTM)64.72%
Revenue growth 3Y5.34%
Revenue growth 5Y19.59%
Revenue growth Q2Q57.86%
3.2 Future
LPG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.72% yearly.
Based on estimates for the next years, LPG will show a decrease in Revenue. The Revenue will decrease by -0.81% on average per year.
EPS Next Y87.76%
EPS Next 2Y4.98%
EPS Next 3Y0.72%
EPS Next 5YN/A
Revenue Next Year57.26%
Revenue Next 2Y9.29%
Revenue Next 3Y-0.81%
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 5.48, the valuation of LPG can be described as very cheap.
Based on the Price/Earnings ratio, LPG is valued cheaply inside the industry as 84.51% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 24.84, LPG is valued rather cheaply.
A Price/Forward Earnings ratio of 8.98 indicates a reasonable valuation of LPG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LPG indicates a somewhat cheap valuation: LPG is cheaper than 72.30% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.35, LPG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.48 | ||
| Fwd PE | 8.98 |
4.2 Price Multiples
LPG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LPG is cheaper than 62.91% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, LPG is valued a bit cheaper than 78.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.38 | ||
| EV/EBITDA | 5.29 |
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.
The excellent profitability rating of LPG may justify a higher PE ratio.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y4.98%
EPS Next 3Y0.72%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.57%, LPG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.72, LPG pays a better dividend. On top of this LPG pays more dividend than 89.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, LPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.57% |
5.2 History
LPG has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
LPG pays out 53.27% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP53.27%
EPS Next 2Y4.98%
EPS Next 3Y0.72%
DORIAN LPG LTD
NYSE:LPG (4/26/2024, 7:04:00 PM)
After market: 41.78 0 (0%)41.78
+0.5 (+1.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.70B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.57% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.48 | ||
| Fwd PE | 8.98 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.06
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.71% | ||
| ROE | 30.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 59.85% | ||
| PM (TTM) | 55.01% | ||
| GM | 92.49% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.31 | ||
| Quick Ratio | 3.29 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)162.76%
EPS 3Y20.53%
EPS 5Y
EPS growth Q2Q
EPS Next Y87.76%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)64.72%
Revenue growth 3Y5.34%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y