BW LPG LTD (BWLP) Stock Fundamental Analysis
NYSE:BWLP - New York Stock Exchange, Inc. - SGXZ69436764 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to BWLP. BWLP was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of BWLP while its profitability can be described as average. BWLP has a correct valuation and a medium 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.
In the past 5 years BWLP always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 10.67%, BWLP belongs to the best of the industry, outperforming 81.90% of the companies in the same industry.
With a decent Return On Equity value of 19.63%, BWLP is doing good in the industry, outperforming 74.29% of the companies in the same industry.
BWLP has a Return On Invested Capital of 12.01%. This is in the better half of the industry: BWLP outperforms 77.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BWLP is significantly below the industry average of 27.47%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 19.63% | ||
| ROIC | 12.01% |
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
BWLP has a Profit Margin (9.94%) which is in line with its industry peers.
In the last couple of years the Profit Margin of BWLP has declined.
BWLP's Operating Margin of 11.56% is on the low side compared to the rest of the industry. BWLP is outperformed by 62.86% of its industry peers.
In the last couple of years the Operating Margin of BWLP has declined.
BWLP has a Gross Margin of 22.14%. This is in the lower half of the industry: BWLP underperforms 65.24% of its industry peers.
BWLP's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.56% | ||
| PM (TTM) | 9.94% | ||
| GM | 22.14% |
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
BWLP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for BWLP has been increased compared to 1 year ago.
BWLP has more shares outstanding than it did 5 years ago.
BWLP has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.72 indicates that BWLP is not a great score, but indicates only limited risk for bankruptcy at the moment.
BWLP has a better Altman-Z score (2.72) than 77.62% of its industry peers.
BWLP has a debt to FCF ratio of 7.99. This is a slightly negative value and a sign of low solvency as BWLP would need 7.99 years to pay back of all of its debts.
BWLP has a Debt to FCF ratio (7.99) which is in line with its industry peers.
BWLP has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BWLP (0.43) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 7.99 | ||
| Altman-Z | 2.72 |
ROIC/WACC1.72
WACC7%
2.3 Liquidity
BWLP has a Current Ratio of 1.11. This is a normal value and indicates that BWLP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.11, BWLP is in line with its industry, outperforming 47.14% of the companies in the same industry.
BWLP has a Quick Ratio of 1.11. This is a bad value and indicates that BWLP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.99, BWLP is in line with its industry, outperforming 52.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The earnings per share for BWLP have decreased strongly by -29.25% in the last year.
Measured over the past years, BWLP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.23% on average per year.
Looking at the last year, BWLP shows a very strong growth in Revenue. The Revenue has grown by 20.91%.
The Revenue has been growing by 34.25% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-29.25%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-80.9%
Revenue 1Y (TTM)20.91%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%216.34%
3.2 Future
The Earnings Per Share is expected to decrease by -11.20% on average over the next years. This is quite bad
BWLP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.93% yearly.
EPS Next Y-26.67%
EPS Next 2Y-11.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.59%
Revenue Next 2Y2.43%
Revenue Next 3Y-1.93%
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.
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
With a Price/Earnings ratio of 4.41, 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 90.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.35, BWLP is valued rather cheaply.
A Price/Forward Earnings ratio of 6.02 indicates a rather cheap valuation of BWLP.
Based on the Price/Forward Earnings ratio, BWLP is valued cheaper than 82.38% of the companies in the same industry.
BWLP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.41 | ||
| Fwd PE | 6.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BWLP is valued a bit cheaper than the industry average as 71.90% of the companies are valued more expensively.
64.29% of the companies in the same industry are more expensive than BWLP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.99 | ||
| EV/EBITDA | 4.31 |
4.3 Compensation for Growth
BWLP's earnings are expected to decrease with -11.20% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.43
EPS Next 2Y-11.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 25.67%, BWLP is a good candidate for dividend investing.
BWLP's Dividend Yield is rather good when compared to the industry average which is at 7.06. BWLP pays more dividend than 97.62% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, BWLP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 25.67% |
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.
The dividend of BWLP decreased in the last 3 years.
Dividend Growth(5Y)44.99%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
109.64% of the earnings are spent on dividend by BWLP. This is not a sustainable payout ratio.
BWLP's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP109.64%
EPS Next 2Y-11.2%
EPS Next 3YN/A
11.06
-0.16 (-1.43%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners29.13%
Inst Owner Change-7.26%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap1.76B
Analysts86.67
Price Target15.36 (38.88%)
Short Float %0.89%
Short Ratio1.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 25.67% |
Yearly Dividend2.75
Dividend Growth(5Y)44.99%
DP109.64%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)51.91%
Min EPS beat(2)-20.84%
Max EPS beat(2)124.66%
EPS beat(4)3
Avg EPS beat(4)35.5%
Min EPS beat(4)-20.84%
Max EPS beat(4)124.66%
EPS beat(8)4
Avg EPS beat(8)17.53%
EPS beat(12)6
Avg EPS beat(12)11.15%
EPS beat(16)8
Avg EPS beat(16)5.38%
Revenue beat(2)1
Avg Revenue beat(2)231.01%
Min Revenue beat(2)-10.91%
Max Revenue beat(2)472.93%
Revenue beat(4)2
Avg Revenue beat(4)122.52%
Min Revenue beat(4)-13.15%
Max Revenue beat(4)472.93%
Revenue beat(8)2
Avg Revenue beat(8)58.82%
Revenue beat(12)6
Avg Revenue beat(12)108.65%
Revenue beat(16)10
Avg Revenue beat(16)118.84%
PT rev (1m)-2.09%
PT rev (3m)-11.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.09%
EPS NY rev (1m)2.67%
EPS NY rev (3m)-6.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.86%
Revenue NY rev (1m)-3.62%
Revenue NY rev (3m)0.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.41 | ||
| Fwd PE | 6.02 | ||
| P/S | 0.49 | ||
| P/FCF | 11.99 | ||
| P/OCF | 2.35 | ||
| P/B | 0.98 | ||
| P/tB | 0.98 | ||
| EV/EBITDA | 4.31 |
EPS(TTM)2.51
EY22.69%
EPS(NY)1.84
Fwd EY16.62%
FCF(TTM)0.92
FCFY8.34%
OCF(TTM)4.7
OCFY42.53%
SpS22.37
BVpS11.33
TBVpS11.33
PEG (NY)N/A
PEG (5Y)0.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 19.63% | ||
| ROCE | 15.2% | ||
| ROIC | 12.01% | ||
| ROICexc | 13.41% | ||
| ROICexgc | 13.41% | ||
| OM | 11.56% | ||
| PM (TTM) | 9.94% | ||
| GM | 22.14% | ||
| FCFM | 4.12% |
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 Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 7.99 | ||
| Debt/EBITDA | 1.26 | ||
| Cap/Depr | 297.88% | ||
| Cap/Sales | 16.9% | ||
| Interest Coverage | 23.12 | ||
| Cash Conversion | 121.98% | ||
| Profit Quality | 41.46% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.72 |
F-Score3
WACC7%
ROIC/WACC1.72
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)-29.25%
EPS 3Y33.17%
EPS 5Y10.23%
EPS Q2Q%-80.9%
EPS Next Y-26.67%
EPS Next 2Y-11.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)20.91%
Revenue growth 3Y42.12%
Revenue growth 5Y34.25%
Sales Q2Q%216.34%
Revenue Next Year1.59%
Revenue Next 2Y2.43%
Revenue Next 3Y-1.93%
Revenue Next 5YN/A
EBIT growth 1Y-14.58%
EBIT growth 3Y35.88%
EBIT growth 5Y7.9%
EBIT Next Year45.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.97%
FCF growth 3Y7.12%
FCF growth 5Y-13.99%
OCF growth 1Y45.93%
OCF growth 3Y34.59%
OCF growth 5Y18.38%