BW LPG LTD (BWLP) Stock Fundamental Analysis
NYSE:BWLP - New York Stock Exchange, Inc. - SGXZ69436764 - Common Stock - Currency: USD
BWLP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. BWLP has a medium profitability rating, but doesn't score so well on its financial health evaluation. BWLP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BWLP was profitable.
BWLP had a positive operating cash flow in the past year.
In the past 5 years BWLP has always been profitable.
BWLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BWLP has a better Return On Assets (7.71%) than 76.30% of its industry peers.
BWLP's Return On Equity of 14.54% is fine compared to the rest of the industry. BWLP outperforms 70.14% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.21%, BWLP is in the better half of the industry, outperforming 73.93% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BWLP is significantly below the industry average of 23.70%.
The last Return On Invested Capital (9.21%) for BWLP is well below the 3 year average (13.98%), which needs to be investigated, but indicates that BWLP had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.71% | ||
| ROE | 14.54% | ||
| ROIC | 9.21% |
ROA(3y)12.73%
ROA(5y)11.22%
ROE(3y)22.33%
ROE(5y)19.99%
ROIC(3y)13.98%
ROIC(5y)11.44%
1.3 Margins
With a Profit Margin value of 7.63%, BWLP perfoms like the industry average, outperforming 51.18% of the companies in the same industry.
BWLP's Profit Margin has declined in the last couple of years.
BWLP's Operating Margin of 9.52% is on the low side compared to the rest of the industry. BWLP is outperformed by 62.09% of its industry peers.
In the last couple of years the Operating Margin of BWLP has declined.
BWLP has a worse Gross Margin (21.47%) than 65.40% of its industry peers.
In the last couple of years the Gross Margin of BWLP has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.52% | ||
| PM (TTM) | 7.63% | ||
| GM | 21.47% |
OM growth 3Y-4.39%
OM growth 5Y-19.63%
PM growth 3Y-12.6%
PM growth 5Y-21.57%
GM growth 3Y-15.89%
GM growth 5Y-19.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BWLP is creating some value.
BWLP has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BWLP has been increased compared to 5 years ago.
The debt/assets ratio for BWLP is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.63 indicates that BWLP is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.63, BWLP is doing good in the industry, outperforming 77.73% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that BWLP is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.48, BWLP is in line with its industry, outperforming 48.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.63 |
ROIC/WACC1.14
WACC8.06%
2.3 Liquidity
BWLP has a Current Ratio of 1.22. This is a normal value and indicates that BWLP is financially healthy and should not expect problems in meeting its short term obligations.
BWLP has a Current ratio (1.22) which is comparable to the rest of the industry.
BWLP has a Quick Ratio of 1.06. This is a normal value and indicates that BWLP is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of BWLP (1.06) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The earnings per share for BWLP have decreased strongly by -52.14% in the last year.
BWLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.23% yearly.
BWLP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.53%.
The Revenue has been growing by 34.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-52.14%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-90.28%
Revenue 1Y (TTM)9.53%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%-46.41%
3.2 Future
BWLP is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.00% yearly.
BWLP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.78% yearly.
EPS Next Y-31.6%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
EPS Next 5YN/A
Revenue Next Year-2.75%
Revenue Next 2Y-0.38%
Revenue Next 3Y0.78%
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 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 7.44, the valuation of BWLP can be described as very cheap.
BWLP's Price/Earnings ratio is rather cheap when compared to the industry. BWLP is cheaper than 82.46% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, BWLP is valued rather cheaply.
The Price/Forward Earnings ratio is 6.18, which indicates a rather cheap valuation of BWLP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BWLP indicates a rather cheap valuation: BWLP is cheaper than 87.68% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. BWLP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.44 | ||
| Fwd PE | 6.18 |
4.2 Price Multiples
70.14% of the companies in the same industry are more expensive than BWLP, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.26 |
4.3 Compensation for Growth
A cheap valuation may be justified as BWLP's earnings are expected to decrease with -14.00% in the coming years.
PEG (NY)N/A
PEG (5Y)0.73
EPS Next 2Y-10.17%
EPS Next 3Y-14%
5. Dividend
5.1 Amount
BWLP has a Yearly Dividend Yield of 14.47%, which is a nice return.
Compared to an average industry Dividend Yield of 6.66, BWLP pays a better dividend. On top of this BWLP pays more dividend than 98.58% of the companies listed in the same industry.
BWLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.47% |
5.2 History
On average, the dividend of BWLP grows each year by 44.99%, which is quite nice.
BWLP has been paying a dividend for over 5 years, so it has already some track record.
BWLP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)44.99%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
BWLP pays out 129.12% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of BWLP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP129.12%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
12.5
+0.13 (+1.05%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners33.22%
Inst Owner Change-12.15%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap1.99B
Analysts82.67
Price Target14.67 (17.36%)
Short Float %1.74%
Short Ratio3.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.47% |
Yearly Dividend2.75
Dividend Growth(5Y)44.99%
DP129.12%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-45.23%
Min EPS beat(2)-69.61%
Max EPS beat(2)-20.84%
EPS beat(4)2
Avg EPS beat(4)14.74%
Min EPS beat(4)-69.61%
Max EPS beat(4)124.66%
EPS beat(8)3
Avg EPS beat(8)6.2%
EPS beat(12)5
Avg EPS beat(12)3.05%
EPS beat(16)7
Avg EPS beat(16)0.02%
Revenue beat(2)0
Avg Revenue beat(2)-1.26%
Min Revenue beat(2)-2.24%
Max Revenue beat(2)-0.28%
Revenue beat(4)0
Avg Revenue beat(4)-6.64%
Min Revenue beat(4)-13.15%
Max Revenue beat(4)-0.28%
Revenue beat(8)1
Avg Revenue beat(8)-0.02%
Revenue beat(12)4
Avg Revenue beat(12)58.3%
Revenue beat(16)8
Avg Revenue beat(16)85.69%
PT rev (1m)-0.9%
PT rev (3m)-9.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-39.8%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.44 | ||
| Fwd PE | 6.18 | ||
| P/S | 0.59 | ||
| P/FCF | N/A | ||
| P/OCF | 3.91 | ||
| P/B | 1.12 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 5.26 |
EPS(TTM)1.68
EY13.44%
EPS(NY)2.02
Fwd EY16.18%
FCF(TTM)-1.04
FCFYN/A
OCF(TTM)3.2
OCFY25.61%
SpS21.27
BVpS11.16
TBVpS11.16
PEG (NY)N/A
PEG (5Y)0.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.71% | ||
| ROE | 14.54% | ||
| ROCE | 11.66% | ||
| ROIC | 9.21% | ||
| ROICexc | 10.26% | ||
| ROICexgc | 10.27% | ||
| OM | 9.52% | ||
| PM (TTM) | 7.63% | ||
| GM | 21.47% | ||
| FCFM | N/A |
ROA(3y)12.73%
ROA(5y)11.22%
ROE(3y)22.33%
ROE(5y)19.99%
ROIC(3y)13.98%
ROIC(5y)11.44%
ROICexc(3y)16.11%
ROICexc(5y)12.91%
ROICexgc(3y)16.13%
ROICexgc(5y)12.92%
ROCE(3y)17.69%
ROCE(5y)14.48%
ROICexcg growth 3Y27.54%
ROICexcg growth 5Y5.47%
ROICexc growth 3Y27.57%
ROICexc growth 5Y5.47%
OM growth 3Y-4.39%
OM growth 5Y-19.63%
PM growth 3Y-12.6%
PM growth 5Y-21.57%
GM growth 3Y-15.89%
GM growth 5Y-19.86%
F-Score3
Asset Turnover1.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.58 | ||
| Cap/Depr | 312.19% | ||
| Cap/Sales | 19.96% | ||
| Interest Coverage | 11.57 | ||
| Cash Conversion | 94.59% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 2.63 |
F-Score3
WACC8.06%
ROIC/WACC1.14
Cap/Depr(3y)126.82%
Cap/Depr(5y)106.45%
Cap/Sales(3y)7.94%
Cap/Sales(5y)8.92%
Profit Quality(3y)109.24%
Profit Quality(5y)107.35%
High Growth Momentum
Growth
EPS 1Y (TTM)-52.14%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-90.28%
EPS Next Y-31.6%
EPS Next 2Y-10.17%
EPS Next 3Y-14%
EPS Next 5YN/A
Revenue 1Y (TTM)9.53%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%-46.41%
Revenue Next Year-2.75%
Revenue Next 2Y-0.38%
Revenue Next 3Y0.78%
Revenue Next 5YN/A
EBIT growth 1Y-35.13%
EBIT growth 3Y35.88%
EBIT growth 5Y7.9%
EBIT Next Year34.61%
EBIT Next 3Y15.33%
EBIT Next 5YN/A
FCF growth 1Y-139.68%
FCF growth 3Y7.12%
FCF growth 5Y-13.99%
OCF growth 1Y10.31%
OCF growth 3Y34.59%
OCF growth 5Y18.38%