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. NVGS has a medium profitability rating, but doesn't score so well on its financial health evaluation. NVGS may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year NVGS was profitable.
In the past year NVGS had a positive cash flow from operations.
In multiple years NVGS reported negative net income over the last 5 years.
Each year in the past 5 years NVGS had a positive operating cash flow.
1.2 Ratios
NVGS has a Return On Assets (3.97%) which is in line with its industry peers.
NVGS has a Return On Equity of 7.33%. This is comparable to the rest of the industry: NVGS outperforms 48.36% of its industry peers.
NVGS has a Return On Invested Capital of 5.62%. This is comparable to the rest of the industry: NVGS outperforms 47.89% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NVGS is significantly below the industry average of 23.54%.
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
Looking at the Profit Margin, with a value of 15.42%, NVGS is in the better half of the industry, outperforming 64.32% of the companies in the same industry.
NVGS has a Operating Margin (25.07%) which is in line with its industry peers.
NVGS's Operating Margin has improved in the last couple of years.
NVGS has a Gross Margin of 54.47%. This is in the better half of the industry: NVGS outperforms 61.03% of its industry peers.
NVGS's Gross Margin has improved in the last couple of years.
| 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.
The number of shares outstanding for NVGS has been increased compared to 5 years ago.
NVGS has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.34, we must say that NVGS is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.34, NVGS perfoms like the industry average, outperforming 51.17% 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.
NVGS has a Debt to FCF ratio (11.42) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.63 indicates that NVGS is somewhat dependend on debt financing.
NVGS has a Debt to Equity ratio (0.63) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 11.42 | ||
| Altman-Z | 1.34 |
ROIC/WACC0.66
WACC8.56%
2.3 Liquidity
NVGS has a Current Ratio of 1.10. 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 1.10, NVGS is in line with its industry, outperforming 47.89% of the companies in the same industry.
NVGS has a Quick Ratio of 1.03. This is a normal value and indicates that NVGS is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.03, NVGS perfoms like the industry average, outperforming 53.99% of the companies in the same industry.
| 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.
The Earnings Per Share has been growing by 50.06% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 6.39% in the past year.
Measured over the past years, NVGS shows a quite strong growth in Revenue. The Revenue has been growing by 13.46% on average per year.
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 14.15% on average over the next years. This is quite good.
Based on estimates for the next years, NVGS will show a decrease in Revenue. The Revenue will decrease by -0.15% on average per year.
EPS Next Y28.95%
EPS Next 2Y20.06%
EPS Next 3Y14.15%
EPS Next 5YN/A
Revenue Next Year6.69%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.15%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
A Price/Earnings ratio of 11.27 indicates a reasonable valuation of NVGS.
Based on the Price/Earnings ratio, NVGS is valued a bit cheaper than the industry average as 66.20% of the companies are valued more expensively.
NVGS is valuated cheaply when we compare the Price/Earnings ratio to 26.69, which is the current average of the S&P500 Index.
NVGS is valuated reasonably with a Price/Forward Earnings ratio of 8.33.
NVGS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NVGS is cheaper than 74.18% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.29, NVGS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.27 | ||
| Fwd PE | 8.33 |
4.2 Price Multiples
64.79% of the companies in the same industry are more expensive than NVGS, based on the Enterprise Value to EBITDA ratio.
64.79% of the companies in the same industry are more expensive than NVGS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.96 | ||
| EV/EBITDA | 6.56 |
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.
A more expensive valuation may be justified as NVGS's earnings are expected to grow with 14.15% in the coming years.
PEG (NY)0.39
PEG (5Y)N/A
EPS Next 2Y20.06%
EPS Next 3Y14.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.37%, NVGS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.42, NVGS is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.43, NVGS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
NVGS 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 Years1
Div Non Decr Years1
5.3 Sustainability
NVGS pays out 15.83% of its income as dividend. This is a sustainable payout ratio.
DP15.83%
EPS Next 2Y20.06%
EPS Next 3Y14.15%
14.77
+0.17 (+1.16%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners28.85%
Inst Owner Change-0.92%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap1.02B
Analysts88.57
Price Target20.06 (35.82%)
Short Float %1.14%
Short Ratio0.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
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)-9.43%
PT rev (3m)-10.61%
EPS NQ rev (1m)-10.65%
EPS NQ rev (3m)-22.1%
EPS NY rev (1m)-6.67%
EPS NY rev (3m)-10.23%
Revenue NQ rev (1m)-5.57%
Revenue NQ rev (3m)-10.23%
Revenue NY rev (1m)-2.21%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.27 | ||
| Fwd PE | 8.33 | ||
| P/S | 1.75 | ||
| P/FCF | 12.96 | ||
| P/OCF | 4.55 | ||
| P/B | 0.83 | ||
| P/tB | 0.83 | ||
| EV/EBITDA | 6.56 |
EPS(TTM)1.31
EY8.87%
EPS(NY)1.77
Fwd EY12%
FCF(TTM)1.14
FCFY7.72%
OCF(TTM)3.24
OCFY21.96%
SpS8.43
BVpS17.72
TBVpS17.72
PEG (NY)0.39
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 | 1.34 |
F-Score7
WACC8.56%
ROIC/WACC0.66
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 Y28.95%
EPS Next 2Y20.06%
EPS Next 3Y14.15%
EPS Next 5YN/A
Revenue 1Y (TTM)6.39%
Revenue growth 3Y11.71%
Revenue growth 5Y13.46%
Sales Q2Q%12.86%
Revenue Next Year6.69%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.15%
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%