BW LPG LTD (BWLPG.OL) Stock Fundamental Analysis
OSL:BWLPG - Euronext Oslo - SGXZ69436764 - Common Stock - Currency: NOK
Overall BWLPG gets a fundamental rating of 4 out of 10. We evaluated BWLPG against 62 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of BWLPG while its profitability can be described as average. BWLPG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BWLPG was profitable.
BWLPG had a positive operating cash flow in the past year.
BWLPG had positive earnings in each of the past 5 years.
BWLPG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BWLPG has a Return On Assets of 10.67%. This is in the better half of the industry: BWLPG outperforms 79.37% of its industry peers.
The Return On Equity of BWLPG (19.63%) is better than 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.70%, BWLPG is in the better half of the industry, outperforming 68.25% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BWLPG is in line with the industry average of 11.89%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 19.63% | ||
| ROIC | 11.7% |
ROA(3y)12.73%
ROA(5y)11.22%
ROE(3y)22.33%
ROE(5y)19.99%
ROIC(3y)13.62%
ROIC(5y)11.15%
1.3 Margins
BWLPG has a Profit Margin (9.94%) which is comparable to the rest of the industry.
BWLPG's Profit Margin has declined in the last couple of years.
The Operating Margin of BWLPG (11.56%) is worse than 68.25% of its industry peers.
In the last couple of years the Operating Margin of BWLPG has declined.
BWLPG's Gross Margin of 22.14% is on the low side compared to the rest of the industry. BWLPG is outperformed by 74.60% of its industry peers.
BWLPG'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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BWLPG is creating value.
The number of shares outstanding for BWLPG has been increased compared to 1 year ago.
Compared to 5 years ago, BWLPG has more shares outstanding
The debt/assets ratio for BWLPG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.70 indicates that BWLPG is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.70, BWLPG is in the better half of the industry, outperforming 76.19% of the companies in the same industry.
BWLPG has a debt to FCF ratio of 7.99. This is a slightly negative value and a sign of low solvency as BWLPG would need 7.99 years to pay back of all of its debts.
BWLPG's Debt to FCF ratio of 7.99 is in line compared to the rest of the industry. BWLPG outperforms 49.21% of its industry peers.
A Debt/Equity ratio of 0.43 indicates that BWLPG is not too dependend on debt financing.
BWLPG has a Debt to Equity ratio (0.43) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 7.99 | ||
| Altman-Z | 2.7 |
ROIC/WACC1.72
WACC6.79%
2.3 Liquidity
A Current Ratio of 1.11 indicates that BWLPG should not have too much problems paying its short term obligations.
The Current ratio of BWLPG (1.11) is worse than 66.67% of its industry peers.
BWLPG has a Quick Ratio of 1.11. This is a bad value and indicates that BWLPG is not financially healthy enough and could expect problems in meeting its short term obligations.
BWLPG has a Quick ratio (0.99) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
BWLPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.25%.
BWLPG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.23% yearly.
BWLPG shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.91%.
Measured over the past years, BWLPG shows a very strong growth in Revenue. The Revenue has been growing by 34.25% on average per year.
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
Based on estimates for the next years, BWLPG will show a decrease in Revenue. The Revenue will decrease by -1.93% on average per year.
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
BWLPG is valuated cheaply with a Price/Earnings ratio of 4.27.
79.37% of the companies in the same industry are more expensive than BWLPG, based on the Price/Earnings ratio.
BWLPG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
With a Price/Forward Earnings ratio of 5.82, the valuation of BWLPG can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BWLPG indicates a rather cheap valuation: BWLPG is cheaper than 82.54% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.10. BWLPG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.27 | ||
| Fwd PE | 5.82 |
4.2 Price Multiples
BWLPG's Enterprise Value to EBITDA ratio is in line with the industry average.
BWLPG's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.59 | ||
| EV/EBITDA | 4.22 |
4.3 Compensation for Growth
A cheap valuation may be justified as BWLPG's earnings are expected to decrease with -11.20% in the coming years.
PEG (NY)N/A
PEG (5Y)0.42
EPS Next 2Y-11.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BWLPG has a Yearly Dividend Yield of 25.67%, which is a nice return.
Compared to an average industry Dividend Yield of 60.92, BWLPG pays a better dividend. On top of this BWLPG pays more dividend than 92.06% of the companies listed in the same industry.
BWLPG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 25.67% |
5.2 History
On average, the dividend of BWLPG grows each year by 44.99%, which is quite nice.
Dividend Growth(5Y)44.99%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
109.64% of the earnings are spent on dividend by BWLPG. This is not a sustainable payout ratio.
BWLPG'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
OSL:BWLPG (3/7/2025, 7:00:00 PM)
115.8
-4.3 (-3.58%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners29.13%
Inst Owner ChangeN/A
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap18.44B
Analysts86.67
Price Target176.5 (52.42%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 25.67% |
Yearly Dividend29.77
Dividend Growth(5Y)44.99%
DP109.64%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-0.76%
PT rev (3m)-6.62%
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 | 4.27 | ||
| Fwd PE | 5.82 | ||
| P/S | 0.48 | ||
| P/FCF | 11.59 | ||
| P/OCF | 2.27 | ||
| P/B | 0.94 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 4.22 |
EPS(TTM)27.14
EY23.44%
EPS(NY)19.9
Fwd EY17.19%
FCF(TTM)9.99
FCFY8.63%
OCF(TTM)50.94
OCFY43.99%
SpS242.33
BVpS122.74
TBVpS122.7
PEG (NY)N/A
PEG (5Y)0.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.67% | ||
| ROE | 19.63% | ||
| ROCE | 15.2% | ||
| ROIC | 11.7% | ||
| ROICexc | 13.07% | ||
| ROICexgc | 13.07% | ||
| 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)13.62%
ROIC(5y)11.15%
ROICexc(3y)15.71%
ROICexc(5y)12.59%
ROICexgc(3y)15.72%
ROICexgc(5y)12.6%
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 | 2.7 |
F-Score3
WACC6.79%
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%