GOLAR LNG LTD (GLNG) Stock Fundamental Analysis
USA - NASDAQ:GLNG - BMG9456A1009 - Common Stock
39.93 USD
+0.09 (+0.23%)
39.93 USD
0 (0%)
We assign a fundamental rating of 2 out of 10 to GLNG. GLNG was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of GLNG have multiple concerns. GLNG does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year GLNG was profitable.
In the past year GLNG had a positive cash flow from operations.
In multiple years GLNG reported negative net income over the last 5 years.
Each year in the past 5 years GLNG had a positive operating cash flow.
1.2 Ratios
GLNG has a Return On Assets of -0.14%. This is in the lower half of the industry: GLNG underperforms 68.57% of its industry peers.
GLNG has a worse Return On Equity (-0.34%) than 66.67% of its industry peers.
GLNG's Return On Invested Capital of 0.92% is on the low side compared to the rest of the industry. GLNG is outperformed by 73.33% of its industry peers.
GLNG had an Average Return On Invested Capital over the past 3 years of 1.67%. This is significantly below the industry average of 21.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.14% | ||
| ROE | -0.34% | ||
| ROIC | 0.92% |
ROA(3y)6.14%
ROA(5y)4.09%
ROE(3y)10.59%
ROE(5y)6.9%
ROIC(3y)1.67%
ROIC(5y)1.97%
1.3 Margins
In the last couple of years the Profit Margin of GLNG has declined.
GLNG has a Operating Margin (17.18%) which is comparable to the rest of the industry.
GLNG's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 54.74%, GLNG is doing good in the industry, outperforming 63.81% of the companies in the same industry.
GLNG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.18% | ||
| PM (TTM) | N/A | ||
| GM | 54.74% |
OM growth 3Y-23.38%
OM growth 5Y-9.29%
PM growth 3Y-50.3%
PM growth 5YN/A
GM growth 3Y-10.75%
GM growth 5Y-3.68%
2. Health
2.1 Basic Checks
GLNG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
GLNG has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for GLNG has been increased compared to 5 years ago.
The debt/assets ratio for GLNG is higher compared to a year ago.
2.2 Solvency
GLNG has a Debt/Equity ratio of 0.76. This is a neutral value indicating GLNG is somewhat dependend on debt financing.
GLNG has a Debt to Equity ratio of 0.76. This is in the lower half of the industry: GLNG underperforms 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.11
WACC8.18%
2.3 Liquidity
A Current Ratio of 1.47 indicates that GLNG should not have too much problems paying its short term obligations.
GLNG has a better Current ratio (1.47) than 67.14% of its industry peers.
GLNG has a Quick Ratio of 1.47. This is a normal value and indicates that GLNG is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of GLNG (1.47) is better than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
GLNG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.22%.
Measured over the past years, GLNG shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.16% on average per year.
GLNG shows a decrease in Revenue. In the last year, the revenue decreased by -2.78%.
GLNG shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -10.32% yearly.
EPS 1Y (TTM)-41.22%
EPS 3Y-2.16%
EPS 5YN/A
EPS Q2Q%3.2%
Revenue 1Y (TTM)-2.78%
Revenue growth 3Y0.01%
Revenue growth 5Y-10.32%
Sales Q2Q%16.98%
3.2 Future
The Earnings Per Share is expected to decrease by -30.23% on average over the next years. This is quite bad
Based on estimates for the next years, GLNG will show a quite strong growth in Revenue. The Revenue will grow by 17.24% on average per year.
EPS Next Y-1.01%
EPS Next 2Y-22.29%
EPS Next 3Y-30.23%
EPS Next 5YN/A
Revenue Next Year44.82%
Revenue Next 2Y21.18%
Revenue Next 3Y17.24%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 30.02, which means the current valuation is very expensive for GLNG.
GLNG's Price/Earnings ratio is a bit more expensive when compared to the industry. GLNG is more expensive than 60.48% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. GLNG is around the same levels.
The Price/Forward Earnings ratio is 41.54, which means the current valuation is very expensive for GLNG.
GLNG's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. GLNG is more expensive than 65.24% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.70. GLNG is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.02 | ||
| Fwd PE | 41.54 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GLNG indicates a slightly more expensive valuation: GLNG is more expensive than 72.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 54.34 |
4.3 Compensation for Growth
GLNG's earnings are expected to decrease with -30.23% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-22.29%
EPS Next 3Y-30.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.46%, GLNG has a reasonable but not impressive dividend return.
GLNG's Dividend Yield is comparable with the industry average which is at 6.18.
GLNG's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
5.2 History
The dividend of GLNG is nicely growing with an annual growth rate of 12.28%!
GLNG has been paying a dividend for at least 10 years, so it has a reliable track record.
GLNG has decreased its dividend recently.
Dividend Growth(5Y)12.28%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
The earnings of GLNG are negative and hence is the payout ratio. GLNG will probably not be able to sustain this dividend level.
DP-1619.13%
EPS Next 2Y-22.29%
EPS Next 3Y-30.23%
39.93
+0.09 (+0.23%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners88.1%
Inst Owner Change0.17%
Ins Owners2.62%
Ins Owner ChangeN/A
Market Cap4.18B
Analysts84.62
Price Target50.47 (26.4%)
Short Float %7.56%
Short Ratio6.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.46% |
Yearly Dividend1
Dividend Growth(5Y)12.28%
DP-1619.13%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.65%
Min EPS beat(2)-9.66%
Max EPS beat(2)-7.64%
EPS beat(4)1
Avg EPS beat(4)2.55%
Min EPS beat(4)-9.66%
Max EPS beat(4)28.62%
EPS beat(8)4
Avg EPS beat(8)14.74%
EPS beat(12)7
Avg EPS beat(12)9.74%
EPS beat(16)9
Avg EPS beat(16)-180.24%
Revenue beat(2)0
Avg Revenue beat(2)-5.64%
Min Revenue beat(2)-8.19%
Max Revenue beat(2)-3.08%
Revenue beat(4)0
Avg Revenue beat(4)-10.26%
Min Revenue beat(4)-18.14%
Max Revenue beat(4)-3.08%
Revenue beat(8)0
Avg Revenue beat(8)-10.3%
Revenue beat(12)0
Avg Revenue beat(12)-12.1%
Revenue beat(16)0
Avg Revenue beat(16)-18.17%
PT rev (1m)0.51%
PT rev (3m)4.49%
EPS NQ rev (1m)-18.33%
EPS NQ rev (3m)-20%
EPS NY rev (1m)4.11%
EPS NY rev (3m)4.08%
Revenue NQ rev (1m)-1.14%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)-2.45%
Revenue NY rev (3m)-3.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.02 | ||
| Fwd PE | 41.54 | ||
| P/S | 15.54 | ||
| P/FCF | N/A | ||
| P/OCF | 10 | ||
| P/B | 2.21 | ||
| P/tB | 2.22 | ||
| EV/EBITDA | 54.34 |
EPS(TTM)1.33
EY3.33%
EPS(NY)0.96
Fwd EY2.41%
FCF(TTM)-2.86
FCFYN/A
OCF(TTM)3.99
OCFY10%
SpS2.57
BVpS18.03
TBVpS18.01
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.14% | ||
| ROE | -0.34% | ||
| ROCE | 1.16% | ||
| ROIC | 0.92% | ||
| ROICexc | 1.14% | ||
| ROICexgc | 1.14% | ||
| OM | 17.18% | ||
| PM (TTM) | N/A | ||
| GM | 54.74% | ||
| FCFM | N/A |
ROA(3y)6.14%
ROA(5y)4.09%
ROE(3y)10.59%
ROE(5y)6.9%
ROIC(3y)1.67%
ROIC(5y)1.97%
ROICexc(3y)2.08%
ROICexc(5y)2.34%
ROICexgc(3y)2.08%
ROICexgc(5y)2.34%
ROCE(3y)2.11%
ROCE(5y)2.49%
ROICexcg growth 3Y-23.68%
ROICexcg growth 5Y-18.6%
ROICexc growth 3Y-23.7%
ROICexc growth 5Y-18.62%
OM growth 3Y-23.38%
OM growth 5Y-9.29%
PM growth 3Y-50.3%
PM growth 5YN/A
GM growth 3Y-10.75%
GM growth 5Y-3.68%
F-Score4
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 14.61 | ||
| Cap/Depr | 1376.89% | ||
| Cap/Sales | 266.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 425.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | N/A |
F-Score4
WACC8.18%
ROIC/WACC0.11
Cap/Depr(3y)654.85%
Cap/Depr(5y)578.43%
Cap/Sales(3y)124.87%
Cap/Sales(5y)114.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-41.22%
EPS 3Y-2.16%
EPS 5YN/A
EPS Q2Q%3.2%
EPS Next Y-1.01%
EPS Next 2Y-22.29%
EPS Next 3Y-30.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.78%
Revenue growth 3Y0.01%
Revenue growth 5Y-10.32%
Sales Q2Q%16.98%
Revenue Next Year44.82%
Revenue Next 2Y21.18%
Revenue Next 3Y17.24%
Revenue Next 5YN/A
EBIT growth 1Y-50.35%
EBIT growth 3Y-23.38%
EBIT growth 5Y-18.65%
EBIT Next Year45.64%
EBIT Next 3Y19.19%
EBIT Next 5YN/A
FCF growth 1Y-468.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y33.87%
OCF growth 3Y10.12%
OCF growth 5Y24.47%