DORIAN LPG LTD (LPG) Stock Fundamental Analysis
NYSE:LPG - New York Stock Exchange, Inc. - MHY2106R1100 - Common Stock - Currency: USD
Overall LPG gets a fundamental rating of 6 out of 10. We evaluated LPG against 213 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 is cheap, but on the other hand it scores bad on growth. With these ratings, LPG could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year LPG was profitable.
In the past year LPG had a positive cash flow from operations.
In the past 5 years LPG has always been profitable.
LPG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LPG has a Return On Assets of 5.07%. This is in the better half of the industry: LPG outperforms 60.56% of its industry peers.
LPG's Return On Equity of 8.62% is in line compared to the rest of the industry. LPG outperforms 53.52% of its industry peers.
LPG has a Return On Invested Capital of 5.33%. This is comparable to the rest of the industry: LPG outperforms 44.13% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LPG is significantly below the industry average of 23.55%.
The last Return On Invested Capital (5.33%) for LPG is well below the 3 year average (10.02%), which needs to be investigated, but indicates that LPG had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.07% | ||
| ROE | 8.62% | ||
| ROIC | 5.33% |
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
Looking at the Profit Margin, with a value of 25.52%, LPG is in the better half of the industry, outperforming 77.46% of the companies in the same industry.
In the last couple of years the Profit Margin of LPG has declined.
LPG has a Operating Margin of 31.88%. This is in the better half of the industry: LPG outperforms 71.83% of its industry peers.
In the last couple of years the Operating Margin of LPG has declined.
The Gross Margin of LPG (87.08%) is better than 94.37% of its industry peers.
LPG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.88% | ||
| PM (TTM) | 25.52% | ||
| GM | 87.08% |
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.
LPG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, LPG has less shares outstanding
Compared to 1 year ago, LPG has an improved debt to assets ratio.
2.2 Solvency
LPG has an Altman-Z score of 1.67. This is a bad value and indicates that LPG is not financially healthy and even has some risk of bankruptcy.
LPG has a Altman-Z score (1.67) which is comparable to the rest of the industry.
The Debt to FCF ratio of LPG is 3.59, which is a good value as it means it would take LPG, 3.59 years of fcf income to pay off all of its debts.
LPG's Debt to FCF ratio of 3.59 is fine compared to the rest of the industry. LPG outperforms 72.77% of its industry peers.
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 (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.59 | ||
| Altman-Z | 1.67 |
ROIC/WACC0.6
WACC8.82%
2.3 Liquidity
A Current Ratio of 3.54 indicates that LPG has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.54, LPG belongs to the top of the industry, outperforming 88.26% of the companies in the same industry.
LPG has a Quick Ratio of 3.52. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of LPG (3.52) is better than 88.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.52 |
3. Growth
3.1 Past
The earnings per share for LPG have decreased strongly by -69.83% in the last year.
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 -36.99%.
LPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.17% yearly.
EPS 1Y (TTM)-69.83%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-86.91%
Revenue 1Y (TTM)-36.99%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-46.33%
3.2 Future
LPG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.41% yearly.
LPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.71% yearly.
EPS Next Y26.55%
EPS Next 2Y-3.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.72%
Revenue Next 2Y-1.07%
Revenue Next 3Y1.71%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.94 indicates a reasonable valuation of LPG.
71.83% of the companies in the same industry are more expensive than LPG, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.31, LPG is valued rather cheaply.
A Price/Forward Earnings ratio of 8.64 indicates a reasonable valuation of LPG.
Based on the Price/Forward Earnings ratio, LPG is valued a bit cheaper than 76.53% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.13. LPG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.94 | ||
| Fwd PE | 8.64 |
4.2 Price Multiples
LPG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LPG is cheaper than 63.38% of the companies in the same industry.
85.45% 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 | 6.95 | ||
| EV/EBITDA | 6.86 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
LPG's earnings are expected to decrease with -3.41% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y-3.41%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 14.22%, LPG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.74, 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.22% |
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
173.45% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP173.45%
EPS Next 2Y-3.41%
EPS Next 3YN/A
25.05
+1.35 (+5.7%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners70.97%
Inst Owner Change-9.13%
Ins Owners13.87%
Ins Owner Change1.56%
Market Cap1.07B
Analysts80
Price Target30.68 (22.48%)
Short Float %4.23%
Short Ratio1.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.22% |
Yearly Dividend3.75
Dividend Growth(5Y)N/A
DP173.45%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-54.6%
Min EPS beat(2)-67.19%
Max EPS beat(2)-42.02%
EPS beat(4)1
Avg EPS beat(4)-29.95%
Min EPS beat(4)-67.19%
Max EPS beat(4)27.53%
EPS beat(8)4
Avg EPS beat(8)-8.54%
EPS beat(12)7
Avg EPS beat(12)1.89%
EPS beat(16)8
Avg EPS beat(16)-4.48%
Revenue beat(2)0
Avg Revenue beat(2)-17.58%
Min Revenue beat(2)-22.54%
Max Revenue beat(2)-12.62%
Revenue beat(4)1
Avg Revenue beat(4)-8.63%
Min Revenue beat(4)-22.54%
Max Revenue beat(4)5.31%
Revenue beat(8)3
Avg Revenue beat(8)-6.93%
Revenue beat(12)7
Avg Revenue beat(12)-1.57%
Revenue beat(16)10
Avg Revenue beat(16)-0.76%
PT rev (1m)-16.54%
PT rev (3m)-19.23%
EPS NQ rev (1m)40.52%
EPS NQ rev (3m)40.52%
EPS NY rev (1m)-25.06%
EPS NY rev (3m)-25.06%
Revenue NQ rev (1m)16.28%
Revenue NQ rev (3m)16.28%
Revenue NY rev (1m)3.36%
Revenue NY rev (3m)-6.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.94 | ||
| Fwd PE | 8.64 | ||
| P/S | 3.03 | ||
| P/FCF | 6.95 | ||
| P/OCF | 6.19 | ||
| P/B | 1.02 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 6.86 |
EPS(TTM)2.29
EY9.14%
EPS(NY)2.9
Fwd EY11.57%
FCF(TTM)3.6
FCFY14.39%
OCF(TTM)4.05
OCFY16.16%
SpS8.27
BVpS24.47
TBVpS24.47
PEG (NY)0.41
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.07% | ||
| ROE | 8.62% | ||
| ROCE | 6.74% | ||
| ROIC | 5.33% | ||
| ROICexc | 6.57% | ||
| ROICexgc | 6.57% | ||
| OM | 31.88% | ||
| PM (TTM) | 25.52% | ||
| GM | 87.08% | ||
| FCFM | 43.6% |
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-Score4
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.59 | ||
| Debt/EBITDA | 2.74 | ||
| Cap/Depr | 27.23% | ||
| Cap/Sales | 5.36% | ||
| Interest Coverage | 3.43 | ||
| Cash Conversion | 94.94% | ||
| Profit Quality | 170.86% | ||
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.52 | ||
| Altman-Z | 1.67 |
F-Score4
WACC8.82%
ROIC/WACC0.6
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)-69.83%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-86.91%
EPS Next Y26.55%
EPS Next 2Y-3.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-36.99%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-46.33%
Revenue Next Year3.72%
Revenue Next 2Y-1.07%
Revenue Next 3Y1.71%
Revenue Next 5YN/A
EBIT growth 1Y-65.74%
EBIT growth 3Y9.8%
EBIT growth 5Y-6.91%
EBIT Next Year59.95%
EBIT Next 3Y6.97%
EBIT Next 5YN/A
FCF growth 1Y-56.67%
FCF growth 3Y17.28%
FCF growth 5Y0.67%
OCF growth 1Y-55.46%
OCF growth 3Y13.38%
OCF growth 5Y0.47%