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 212 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. This makes LPG very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year LPG was profitable.
LPG had a positive operating cash flow in the past year.
LPG had positive earnings in each of the past 5 years.
In the past 5 years LPG always reported a positive cash flow from operatings.
1.2 Ratios
LPG has a Return On Assets of 8.86%. This is in the better half of the industry: LPG outperforms 77.83% of its industry peers.
LPG's Return On Equity of 15.10% is fine compared to the rest of the industry. LPG outperforms 68.40% of its industry peers.
The Return On Invested Capital of LPG (8.30%) is better than 64.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LPG is significantly below the industry average of 25.74%.
| 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 Profit Margin of 38.52%. This is amongst the best in the industry. LPG outperforms 89.15% of its industry peers.
LPG's Profit Margin has improved in the last couple of years.
LPG's Operating Margin of 43.05% is amongst the best of the industry. LPG outperforms 87.26% of its industry peers.
In the last couple of years the Operating Margin of LPG has grown nicely.
LPG has a Gross Margin of 88.86%. This is amongst the best in the industry. LPG outperforms 94.81% of its industry peers.
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 | 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.
LPG has less shares outstanding than it did 5 years ago.
The debt/assets ratio for LPG has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.75, we must say that LPG is in the distress zone and has some risk of bankruptcy.
LPG's Altman-Z score of 1.75 is fine compared to the rest of the industry. LPG outperforms 63.68% of its industry peers.
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.
LPG's Debt to FCF ratio of 2.30 is amongst the best of the industry. LPG outperforms 80.66% 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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.3 | ||
| Altman-Z | 1.75 |
ROIC/WACC0.83
WACC9.95%
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 has a Current ratio of 3.97. This is amongst the best in the industry. LPG outperforms 88.21% of its industry peers.
LPG has a Quick Ratio of 3.95. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
LPG has a Quick ratio of 3.95. This is amongst the best in the industry. LPG outperforms 89.15% 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.
LPG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.39% yearly.
LPG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.25%.
The Revenue has been growing by 28.83% on average over the past years. This is a very strong growth!
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
The Earnings Per Share is expected to decrease by -33.49% on average over the next years. This is quite bad
The Revenue is expected to decrease by -14.43% on average over the next years. This is quite bad
EPS Next Y-64.83%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
EPS Next 5YN/A
Revenue Next Year-31.96%
Revenue Next 2Y-13.45%
Revenue Next 3Y-14.42%
Revenue Next 5YN/A
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.
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
A Price/Earnings ratio of 5.42 indicates a rather cheap valuation of LPG.
Based on the Price/Earnings ratio, LPG is valued cheaper than 83.02% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.85, LPG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.54, the valuation of LPG can be described as very cheap.
LPG's Price/Forward Earnings ratio is rather cheap when compared to the industry. LPG is cheaper than 86.79% of the companies in the same industry.
LPG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.77.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.42 | ||
| Fwd PE | 5.54 |
4.2 Price Multiples
LPG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LPG is cheaper than 69.81% of the companies in the same industry.
91.04% 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 | 3.72 | ||
| EV/EBITDA | 4.59 |
4.3 Compensation for Growth
The decent profitability rating of LPG may justify a higher PE ratio.
LPG's earnings are expected to decrease with -33.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 16.81%, LPG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.31, LPG pays a better dividend. On top of this LPG pays more dividend than 96.23% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, LPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.81% |
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
103.50% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP103.5%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
21.42
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners70.97%
Inst Owner Change0.48%
Ins Owners13.87%
Ins Owner Change1.12%
Market Cap916.78M
Analysts86
Price Target36.76 (71.62%)
Short Float %3.9%
Short Ratio1.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.81% |
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)-3.22%
PT rev (3m)-12.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.8%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.42 | ||
| Fwd PE | 5.54 | ||
| P/S | 2.19 | ||
| P/FCF | 3.72 | ||
| P/OCF | 3.31 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 4.59 |
EPS(TTM)3.95
EY18.44%
EPS(NY)3.87
Fwd EY18.05%
FCF(TTM)5.76
FCFY26.89%
OCF(TTM)6.47
OCFY30.22%
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 | 1.75 |
F-Score5
WACC9.95%
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-64.83%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.25%
Revenue growth 3Y21.08%
Revenue growth 5Y28.83%
Sales Q2Q%-50.53%
Revenue Next Year-31.96%
Revenue Next 2Y-13.45%
Revenue Next 3Y-14.42%
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%