NAVIGATOR HOLDINGS LTD (NVGS)
MHY621321089 - Common Stock
We assign a fundamental rating of 4 out of 10 to NVGS. NVGS was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of NVGS while its profitability can be described as average. NVGS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
NVGS had positive earnings in the past year.
NVGS had a positive operating cash flow in the past year.
In multiple years NVGS reported negative net income over the last 5 years.
In the past 5 years NVGS always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 3.73%, NVGS is not doing good in the industry: 63.38% of the companies in the same industry are doing better.
With a Return On Equity value of 6.91%, NVGS is not doing good in the industry: 68.08% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 5.19%, NVGS is not doing good in the industry: 66.20% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for NVGS is significantly below the industry average of 43.80%.
The 3 year average ROIC (3.32%) for NVGS is below the current ROIC(5.19%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.73% | ||
| ROE | 6.91% | ||
| ROIC | 5.19% |
ROA(3y)1.62%
ROA(5y)0.79%
ROE(3y)2.91%
ROE(5y)1.38%
ROIC(3y)3.32%
ROIC(5y)2.67%
1.3 Margins
Looking at the Profit Margin, with a value of 14.94%, NVGS is in line with its industry, outperforming 53.05% of the companies in the same industry.
NVGS's Operating Margin of 24.06% is in line compared to the rest of the industry. NVGS outperforms 51.17% of its industry peers.
NVGS's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 53.17%, NVGS is in line with its industry, outperforming 56.81% of the companies in the same industry.
NVGS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.06% | ||
| PM (TTM) | 14.94% | ||
| GM | 53.17% |
OM growth 3Y24.13%
OM growth 5Y12.43%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y7.55%
GM growth 5Y3.83%
2. Health
2.1 Basic Checks
NVGS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NVGS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NVGS has more shares outstanding
The debt/assets ratio for NVGS is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.44, we must say that NVGS is in the distress zone and has some risk of bankruptcy.
NVGS has a Altman-Z score of 1.44. This is comparable to the rest of the industry: NVGS outperforms 48.36% of its industry peers.
A Debt/Equity ratio of 0.62 indicates that NVGS is somewhat dependend on debt financing.
NVGS has a Debt to Equity ratio (0.62) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.44 |
ROIC/WACC0.69
WACC7.56%
2.3 Liquidity
NVGS has a Current Ratio of 1.38. This is a normal value and indicates that NVGS is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.38, NVGS is in line with its industry, outperforming 56.81% of the companies in the same industry.
A Quick Ratio of 1.33 indicates that NVGS should not have too much problems paying its short term obligations.
NVGS's Quick ratio of 1.33 is fine compared to the rest of the industry. NVGS outperforms 64.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
NVGS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 95.00%, which is quite impressive.
NVGS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.24%.
NVGS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.18% yearly.
EPS 1Y (TTM)95%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q24%
Revenue 1Y (TTM)16.24%
Revenue growth 3Y18.32%
Revenue growth 5Y12.18%
Revenue growth Q2Q-11.79%
3.2 Future
Based on estimates for the next years, NVGS will show a very strong growth in Earnings Per Share. The EPS will grow by 26.64% on average per year.
Based on estimates for the next years, NVGS will show a small growth in Revenue. The Revenue will grow by 0.55% on average per year.
EPS Next Y51.71%
EPS Next 2Y32.85%
EPS Next 3Y26.64%
EPS Next 5YN/A
Revenue Next Year5.16%
Revenue Next 2Y1.07%
Revenue Next 3Y0.55%
Revenue Next 5YN/A
3.3 Evolution
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
NVGS is valuated correctly with a Price/Earnings ratio of 14.26.
NVGS's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.15, NVGS is valued a bit cheaper.
The Price/Forward Earnings ratio is 8.52, which indicates a very decent valuation of NVGS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NVGS indicates a somewhat cheap valuation: NVGS is cheaper than 70.89% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of NVGS to the average of the S&P500 Index (20.20), we can say NVGS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.26 | ||
| Fwd PE | 8.52 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NVGS.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.19 |
4.3 Compensation for Growth
NVGS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NVGS's earnings are expected to grow with 26.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y32.85%
EPS Next 3Y26.64%
5. Dividend
5.1 Amount
NVGS has a Yearly Dividend Yield of 1.23%. Purely for dividend investing, there may be better candidates out there.
NVGS's Dividend Yield is slightly below the industry average, which is at 5.80.
With a Dividend Yield of 1.23, NVGS pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
5.2 History
NVGS does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
NVGS pays out 8.92% of its income as dividend. This is a sustainable payout ratio.
DP8.92%
EPS Next 2Y32.85%
EPS Next 3Y26.64%
NAVIGATOR HOLDINGS LTD
NYSE:NVGS (5/17/2024, 7:17:00 PM)
After market: 16.7 +0.01 (+0.06%)16.69
+0.47 (+2.9%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
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Market Cap1.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
Dividend Growth(5Y)
DP
Div Incr Years
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Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.26 | ||
| Fwd PE | 8.52 | ||
| 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)0.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.73% | ||
| ROE | 6.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.06% | ||
| PM (TTM) | 14.94% | ||
| GM | 53.17% | ||
| 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 Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.33 | ||
| 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)95%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y51.71%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.24%
Revenue growth 3Y18.32%
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
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