NAVIGATOR HOLDINGS LTD (NVGS) Stock Fundamental Analysis
NYSE:NVGS - New York Stock Exchange, Inc. - MHY621321089 - Common Stock - Currency: USD
Taking everything into account, NVGS scores 5 out of 10 in our fundamental rating. 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. A decent growth rate in combination with a cheap valuation! Better keep an eye on NVGS.
1. Profitability
1.1 Basic Checks
In the past year NVGS was profitable.
NVGS had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NVGS reported negative net income in multiple years.
In the past 5 years NVGS always reported a positive cash flow from operatings.
1.2 Ratios
NVGS's Return On Assets of 3.97% is in line compared to the rest of the industry. NVGS outperforms 53.99% of its industry peers.
NVGS has a Return On Equity of 7.33%. This is comparable to the rest of the industry: NVGS outperforms 47.89% of its industry peers.
NVGS has a Return On Invested Capital (5.62%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for NVGS is significantly below the industry average of 23.60%.
The last Return On Invested Capital (5.62%) for NVGS is above the 3 year average (4.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 7.33% | ||
| ROIC | 5.62% |
ROA(3y)3.4%
ROA(5y)1.75%
ROE(3y)6.2%
ROE(5y)3.16%
ROIC(3y)4.52%
ROIC(5y)3.59%
1.3 Margins
With a decent Profit Margin value of 15.42%, NVGS is doing good in the industry, outperforming 64.32% of the companies in the same industry.
With a Operating Margin value of 25.07%, NVGS perfoms like the industry average, outperforming 58.69% of the companies in the same industry.
In the last couple of years the Operating Margin of NVGS has grown nicely.
With a decent Gross Margin value of 54.47%, NVGS is doing good in the industry, outperforming 61.03% of the companies in the same industry.
In the last couple of years the Gross Margin of NVGS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.07% | ||
| PM (TTM) | 15.42% | ||
| GM | 54.47% |
OM growth 3Y18.39%
OM growth 5Y18.49%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.07%
GM growth 5Y5.08%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NVGS is destroying value.
NVGS has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NVGS has more shares outstanding
NVGS has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.30, we must say that NVGS is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.30, NVGS perfoms like the industry average, outperforming 51.64% of the companies in the same industry.
NVGS has a debt to FCF ratio of 11.42. This is a negative value and a sign of low solvency as NVGS would need 11.42 years to pay back of all of its debts.
With a Debt to FCF ratio value of 11.42, NVGS perfoms like the industry average, outperforming 50.23% of the companies in the same industry.
A Debt/Equity ratio of 0.63 indicates that NVGS is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.63, NVGS is in line with its industry, outperforming 40.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 11.42 | ||
| Altman-Z | 1.3 |
ROIC/WACC0.69
WACC8.17%
2.3 Liquidity
A Current Ratio of 1.10 indicates that NVGS should not have too much problems paying its short term obligations.
NVGS has a Current ratio (1.10) which is comparable to the rest of the industry.
A Quick Ratio of 1.03 indicates that NVGS should not have too much problems paying its short term obligations.
NVGS has a Quick ratio of 1.03. This is comparable to the rest of the industry: NVGS outperforms 53.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
NVGS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.97%, which is quite good.
NVGS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.06% yearly.
The Revenue has been growing slightly by 6.39% in the past year.
NVGS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.46% yearly.
EPS 1Y (TTM)11.97%
EPS 3Y50.06%
EPS 5YN/A
EPS Q2Q%25.81%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y11.71%
Revenue growth 5Y13.46%
Sales Q2Q%12.86%
3.2 Future
The Earnings Per Share is expected to grow by 13.93% on average over the next years. This is quite good.
Based on estimates for the next years, NVGS will show a small growth in Revenue. The Revenue will grow by 6.03% on average per year.
EPS Next Y38.17%
EPS Next 2Y22.86%
EPS Next 3Y13.93%
EPS Next 5YN/A
Revenue Next Year9.1%
Revenue Next 2Y4.34%
Revenue Next 3Y6.03%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
Based on the Price/Earnings ratio of 10.63, the valuation of NVGS can be described as reasonable.
68.54% of the companies in the same industry are more expensive than NVGS, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.43, NVGS is valued rather cheaply.
The Price/Forward Earnings ratio is 7.50, which indicates a rather cheap valuation of NVGS.
Based on the Price/Forward Earnings ratio, NVGS is valued a bit cheaper than the industry average as 78.40% of the companies are valued more expensively.
NVGS is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.17, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.63 | ||
| Fwd PE | 7.5 |
4.2 Price Multiples
63.38% of the companies in the same industry are more expensive than NVGS, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, NVGS is valued a bit cheaper than 67.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.22 | ||
| EV/EBITDA | 6.35 |
4.3 Compensation for Growth
The 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 13.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y22.86%
EPS Next 3Y13.93%
5. Dividend
5.1 Amount
NVGS has a Yearly Dividend Yield of 1.39%.
Compared to an average industry Dividend Yield of 6.81, NVGS is paying slightly less dividend.
With a Dividend Yield of 1.39, NVGS pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
5.2 History
NVGS has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
15.83% of the earnings are spent on dividend by NVGS. This is a low number and sustainable payout ratio.
DP15.83%
EPS Next 2Y22.86%
EPS Next 3Y13.93%
13.93
-0.16 (-1.14%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners29.38%
Inst Owner Change-0.92%
Ins Owners1.49%
Ins Owner ChangeN/A
Market Cap965.21M
Analysts88.57
Price Target22.15 (59.01%)
Short Float %0.82%
Short Ratio0.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.39% |
Yearly Dividend0.2
Dividend Growth(5Y)N/A
DP15.83%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.36%
Min EPS beat(2)4.17%
Max EPS beat(2)22.55%
EPS beat(4)2
Avg EPS beat(4)0.29%
Min EPS beat(4)-21.65%
Max EPS beat(4)22.55%
EPS beat(8)3
Avg EPS beat(8)1.01%
EPS beat(12)3
Avg EPS beat(12)-10.08%
EPS beat(16)6
Avg EPS beat(16)-10.06%
Revenue beat(2)2
Avg Revenue beat(2)2.81%
Min Revenue beat(2)1.46%
Max Revenue beat(2)4.15%
Revenue beat(4)4
Avg Revenue beat(4)3.25%
Min Revenue beat(4)0.13%
Max Revenue beat(4)7.26%
Revenue beat(8)6
Avg Revenue beat(8)1.96%
Revenue beat(12)10
Avg Revenue beat(12)4.27%
Revenue beat(16)14
Avg Revenue beat(16)8.13%
PT rev (1m)0%
PT rev (3m)-1.3%
EPS NQ rev (1m)-5.25%
EPS NQ rev (3m)-13.82%
EPS NY rev (1m)0.08%
EPS NY rev (3m)-3.81%
Revenue NQ rev (1m)-9.36%
Revenue NQ rev (3m)-5.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.63 | ||
| Fwd PE | 7.5 | ||
| P/S | 1.65 | ||
| P/FCF | 12.22 | ||
| P/OCF | 4.3 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 6.35 |
EPS(TTM)1.31
EY9.4%
EPS(NY)1.86
Fwd EY13.33%
FCF(TTM)1.14
FCFY8.18%
OCF(TTM)3.24
OCFY23.28%
SpS8.43
BVpS17.72
TBVpS17.72
PEG (NY)0.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 7.33% | ||
| ROCE | 7.11% | ||
| ROIC | 5.62% | ||
| ROICexc | 5.88% | ||
| ROICexgc | 5.88% | ||
| OM | 25.07% | ||
| PM (TTM) | 15.42% | ||
| GM | 54.47% | ||
| FCFM | 13.53% |
ROA(3y)3.4%
ROA(5y)1.75%
ROE(3y)6.2%
ROE(5y)3.16%
ROIC(3y)4.52%
ROIC(5y)3.59%
ROICexc(3y)4.88%
ROICexc(5y)3.86%
ROICexgc(3y)4.88%
ROICexgc(5y)3.86%
ROCE(3y)5.72%
ROCE(5y)4.55%
ROICexcg growth 3Y34.7%
ROICexcg growth 5Y33.94%
ROICexc growth 3Y34.7%
ROICexc growth 5Y33.94%
OM growth 3Y18.39%
OM growth 5Y18.49%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.07%
GM growth 5Y5.08%
F-Score7
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 11.42 | ||
| Debt/EBITDA | 2.78 | ||
| Cap/Depr | 109.18% | ||
| Cap/Sales | 24.96% | ||
| Interest Coverage | 3.12 | ||
| Cash Conversion | 80.29% | ||
| Profit Quality | 87.73% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 1.3 |
F-Score7
WACC8.17%
ROIC/WACC0.69
Cap/Depr(3y)72.02%
Cap/Depr(5y)44.6%
Cap/Sales(3y)17.28%
Cap/Sales(5y)10.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.97%
EPS 3Y50.06%
EPS 5YN/A
EPS Q2Q%25.81%
EPS Next Y38.17%
EPS Next 2Y22.86%
EPS Next 3Y13.93%
EPS Next 5YN/A
Revenue 1Y (TTM)6.39%
Revenue growth 3Y11.71%
Revenue growth 5Y13.46%
Sales Q2Q%12.86%
Revenue Next Year9.1%
Revenue Next 2Y4.34%
Revenue Next 3Y6.03%
Revenue Next 5YN/A
EBIT growth 1Y6.94%
EBIT growth 3Y32.25%
EBIT growth 5Y34.44%
EBIT Next Year111.68%
EBIT Next 3Y27.8%
EBIT Next 5YN/A
FCF growth 1Y249.59%
FCF growth 3Y21.45%
FCF growth 5Y29.52%
OCF growth 1Y65.96%
OCF growth 3Y29.07%
OCF growth 5Y33.47%