DORIAN LPG LTD (LPG) Stock Fundamental Analysis
NYSE:LPG - New York Stock Exchange, Inc. - MHY2106R1100 - Common Stock - Currency: USD
Overall LPG gets a fundamental rating of 6 out of 10. We evaluated LPG against 210 industry peers in the Oil, Gas & Consumable Fuels industry. LPG gets an excellent profitability rating and is at the same time showing great financial health properties. LPG has a bad growth rate and is valued cheaply. These ratings could make LPG a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year LPG was profitable.
LPG had a positive operating cash flow in the past year.
Each year in the past 5 years LPG has been profitable.
LPG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 8.86%, LPG is doing good in the industry, outperforming 73.89% of the companies in the same industry.
LPG has a better Return On Equity (15.10%) than 63.05% of its industry peers.
LPG has a Return On Invested Capital (8.30%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LPG is significantly below the industry average of 28.68%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.86% | ||
| ROE | 15.1% | ||
| ROIC | 8.3% |
ROA(3y)10.43%
ROA(5y)8.77%
ROE(3y)19.19%
ROE(5y)15.76%
ROIC(3y)9.72%
ROIC(5y)8.66%
1.3 Margins
With an excellent Profit Margin value of 38.52%, LPG belongs to the best of the industry, outperforming 88.18% of the companies in the same industry.
LPG's Profit Margin has improved in the last couple of years.
LPG's Operating Margin of 43.05% is amongst the best of the industry. LPG outperforms 84.73% of its industry peers.
LPG's Operating Margin has improved in the last couple of years.
LPG has a Gross Margin of 88.86%. This is amongst the best in the industry. LPG outperforms 94.58% of its industry peers.
LPG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.05% | ||
| PM (TTM) | 38.52% | ||
| GM | 88.86% |
OM growth 3Y16.86%
OM growth 5Y115.36%
PM growth 3Y23.21%
PM growth 5YN/A
GM growth 3Y-0.52%
GM growth 5Y-1.47%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LPG is creating some value.
LPG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, LPG has less shares outstanding
LPG has a better debt/assets ratio than last year.
2.2 Solvency
LPG has an Altman-Z score of 1.71. This is a bad value and indicates that LPG is not financially healthy and even has some risk of bankruptcy.
LPG has a Altman-Z score of 1.71. This is comparable to the rest of the industry: LPG outperforms 55.66% of its industry peers.
LPG has a debt to FCF ratio of 2.30. This is a good value and a sign of high solvency as LPG would need 2.30 years to pay back of all of its debts.
LPG has a Debt to FCF ratio of 2.30. This is in the better half of the industry: LPG outperforms 74.88% of its industry peers.
LPG has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
LPG has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.3 | ||
| Altman-Z | 1.71 |
ROIC/WACC1.01
WACC8.21%
2.3 Liquidity
A Current Ratio of 3.97 indicates that LPG has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.97, LPG belongs to the best of the industry, outperforming 86.70% of the companies in the same industry.
A Quick Ratio of 3.95 indicates that LPG has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.95, LPG belongs to the top of the industry, outperforming 87.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.97 | ||
| Quick Ratio | 3.95 |
3. Growth
3.1 Past
LPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.16%.
Measured over the past years, LPG shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.39% on average per year.
Looking at the last year, LPG shows a very negative growth in Revenue. The Revenue has decreased by -24.25% in the last year.
Measured over the past years, LPG shows a very strong growth in Revenue. The Revenue has been growing by 28.83% on average per year.
EPS 1Y (TTM)-48.16%
EPS 3Y63.39%
EPS 5YN/A
EPS Q2Q%-83.59%
Revenue 1Y (TTM)-24.25%
Revenue growth 3Y21.08%
Revenue growth 5Y28.83%
Sales Q2Q%-50.53%
3.2 Future
The Earnings Per Share is expected to decrease by -33.49% on average over the next years. This is quite bad
LPG is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -14.43% yearly.
EPS Next Y-64.83%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
EPS Next 5YN/A
Revenue Next Year-31.96%
Revenue Next 2Y-13.45%
Revenue Next 3Y-14.42%
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.
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
The Price/Earnings ratio is 5.03, which indicates a rather cheap valuation of LPG.
Based on the Price/Earnings ratio, LPG is valued cheaply inside the industry as 86.70% of the companies are valued more expensively.
LPG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.75.
With a Price/Forward Earnings ratio of 5.14, the valuation of LPG can be described as very cheap.
87.68% of the companies in the same industry are more expensive than LPG, based on the Price/Forward Earnings ratio.
LPG is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.03 | ||
| Fwd PE | 5.14 |
4.2 Price Multiples
70.44% of the companies in the same industry are more expensive than LPG, based on the Enterprise Value to EBITDA ratio.
LPG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LPG is cheaper than 91.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.45 | ||
| EV/EBITDA | 4.41 |
4.3 Compensation for Growth
The decent profitability rating of LPG may justify a higher PE ratio.
LPG's earnings are expected to decrease with -33.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
5. Dividend
5.1 Amount
LPG has a Yearly Dividend Yield of 18.17%, which is a nice return.
LPG's Dividend Yield is rather good when compared to the industry average which is at 6.95. LPG pays more dividend than 96.06% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, LPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.17% |
5.2 History
LPG has been paying a dividend for over 5 years, so it has already some track record.
The dividend of LPG decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
103.50% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP103.5%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
19.88
-0.48 (-2.36%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners70.97%
Inst Owner Change-0.04%
Ins Owners13.87%
Ins Owner Change-0.44%
Market Cap850.86M
Analysts84
Price Target37.98 (91.05%)
Short Float %4.57%
Short Ratio2.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.17% |
Yearly Dividend4.01
Dividend Growth(5Y)N/A
DP103.5%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-40.07%
Min EPS beat(2)-42.02%
Max EPS beat(2)-38.12%
EPS beat(4)2
Avg EPS beat(4)-12.34%
Min EPS beat(4)-42.02%
Max EPS beat(4)27.53%
EPS beat(8)5
Avg EPS beat(8)5.28%
EPS beat(12)7
Avg EPS beat(12)7.39%
EPS beat(16)8
Avg EPS beat(16)-0.39%
Revenue beat(2)0
Avg Revenue beat(2)-8.65%
Min Revenue beat(2)-12.62%
Max Revenue beat(2)-4.68%
Revenue beat(4)1
Avg Revenue beat(4)-4.31%
Min Revenue beat(4)-12.62%
Max Revenue beat(4)5.31%
Revenue beat(8)4
Avg Revenue beat(8)-2.88%
Revenue beat(12)8
Avg Revenue beat(12)0.46%
Revenue beat(16)11
Avg Revenue beat(16)1.32%
PT rev (1m)-5.1%
PT rev (3m)-14.72%
EPS NQ rev (1m)-4.52%
EPS NQ rev (3m)-20.8%
EPS NY rev (1m)-14.24%
EPS NY rev (3m)-19.97%
Revenue NQ rev (1m)7.86%
Revenue NQ rev (3m)2.21%
Revenue NY rev (1m)-5.14%
Revenue NY rev (3m)-5.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.03 | ||
| Fwd PE | 5.14 | ||
| P/S | 2.03 | ||
| P/FCF | 3.45 | ||
| P/OCF | 3.07 | ||
| P/B | 0.8 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 4.41 |
EPS(TTM)3.95
EY19.87%
EPS(NY)3.87
Fwd EY19.45%
FCF(TTM)5.76
FCFY28.97%
OCF(TTM)6.47
OCFY32.56%
SpS9.79
BVpS24.97
TBVpS24.97
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.86% | ||
| ROE | 15.1% | ||
| ROCE | 10.51% | ||
| ROIC | 8.3% | ||
| ROICexc | 10.24% | ||
| ROICexgc | 10.24% | ||
| OM | 43.05% | ||
| PM (TTM) | 38.52% | ||
| GM | 88.86% | ||
| FCFM | 58.85% |
ROA(3y)10.43%
ROA(5y)8.77%
ROE(3y)19.19%
ROE(5y)15.76%
ROIC(3y)9.72%
ROIC(5y)8.66%
ROICexc(3y)11.34%
ROICexc(5y)9.77%
ROICexgc(3y)11.34%
ROICexgc(5y)9.77%
ROCE(3y)12.31%
ROCE(5y)10.96%
ROICexcg growth 3Y40.78%
ROICexcg growth 5Y180.22%
ROICexc growth 3Y40.78%
ROICexc growth 5Y180.22%
OM growth 3Y16.86%
OM growth 5Y115.36%
PM growth 3Y23.21%
PM growth 5YN/A
GM growth 3Y-0.52%
GM growth 5Y-1.47%
F-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.3 | ||
| Debt/EBITDA | 2.05 | ||
| Cap/Depr | 43.91% | ||
| Cap/Sales | 7.3% | ||
| Interest Coverage | 5.16 | ||
| Cash Conversion | 110.84% | ||
| Profit Quality | 152.79% | ||
| Current Ratio | 3.97 | ||
| Quick Ratio | 3.95 | ||
| Altman-Z | 1.71 |
F-Score5
WACC8.21%
ROIC/WACC1.01
Cap/Depr(3y)63.77%
Cap/Depr(5y)47.07%
Cap/Sales(3y)10.66%
Cap/Sales(5y)8.2%
Profit Quality(3y)112.86%
Profit Quality(5y)129.16%
High Growth Momentum
Growth
EPS 1Y (TTM)-48.16%
EPS 3Y63.39%
EPS 5YN/A
EPS Q2Q%-83.59%
EPS Next Y-64.83%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.25%
Revenue growth 3Y21.08%
Revenue growth 5Y28.83%
Sales Q2Q%-50.53%
Revenue Next Year-31.96%
Revenue Next 2Y-13.45%
Revenue Next 3Y-14.42%
Revenue Next 5YN/A
EBIT growth 1Y-45.51%
EBIT growth 3Y41.49%
EBIT growth 5Y177.45%
EBIT Next Year-32.33%
EBIT Next 3Y-16.2%
EBIT Next 5YN/A
FCF growth 1Y70.22%
FCF growth 3Y30.2%
FCF growth 5Y135.59%
OCF growth 1Y77.71%
OCF growth 3Y31.56%
OCF growth 5Y112.81%