DORIAN LPG LTD (LPG) Stock Fundamental Analysis
NYSE:LPG - New York Stock Exchange, Inc. - MHY2106R1100 - Common Stock - Currency: USD
Taking everything into account, LPG scores 6 out of 10 in our fundamental rating. LPG was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making LPG a very profitable company, without any liquidiy or solvency issues. LPG has a bad growth rate and is valued cheaply. With these ratings, LPG could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year LPG was profitable.
In the past year LPG had a positive cash flow from operations.
LPG had positive earnings in each of the past 5 years.
In the past 5 years LPG always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 8.86%, LPG is doing good in the industry, outperforming 74.38% of the companies in the same industry.
With a decent Return On Equity value of 15.10%, LPG is doing good in the industry, outperforming 63.55% of the companies in the same industry.
LPG has a Return On Invested Capital (8.30%) which is comparable to the rest of the industry.
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
LPG has a better Profit Margin (38.52%) than 88.18% of its industry peers.
In the last couple of years the Profit Margin of LPG has grown nicely.
LPG has a Operating Margin of 43.05%. This is amongst the best in the industry. LPG outperforms 85.22% 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.
In the last couple of years the Gross Margin of LPG has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LPG is still creating some value.
LPG has more shares outstanding than it did 1 year ago.
LPG has less shares outstanding than it did 5 years ago.
LPG has a better debt/assets ratio than last year.
2.2 Solvency
LPG has an Altman-Z score of 1.70. 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 (1.70) which is in line with 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.
The Debt to FCF ratio of LPG (2.30) is better than 76.35% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that LPG is not too dependend on debt financing.
The Debt to Equity ratio of LPG (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 2.3 | ||
| Altman-Z | 1.7 |
ROIC/WACC1.01
WACC8.22%
2.3 Liquidity
LPG has a Current Ratio of 3.97. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
LPG has a better Current ratio (3.97) than 86.70% of its industry peers.
A Quick Ratio of 3.95 indicates that LPG has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.95, LPG belongs to the best 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
LPG is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -33.49% yearly.
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
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
A Price/Earnings ratio of 5.17 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 is valuated cheaply when we compare the Price/Earnings ratio to 29.75, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 5.28, which indicates a rather cheap valuation of LPG.
LPG's Price/Forward Earnings ratio is rather cheap when compared to the industry. LPG is cheaper than 87.19% of the companies in the same industry.
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 | 5.17 | ||
| Fwd PE | 5.28 |
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 91.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.55 | ||
| EV/EBITDA | 4.33 |
4.3 Compensation for Growth
LPG has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as LPG's earnings are expected to decrease with -33.49% in the coming years.
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.
Compared to an average industry Dividend Yield of 6.95, LPG pays a better dividend. On top of this LPG pays more dividend than 96.06% of the companies listed 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%
20.42
+0.54 (+2.72%)
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 Cap873.98M
Analysts84
Price Target37.98 (85.99%)
Short Float %5.43%
Short Ratio2.52
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 | 5.17 | ||
| Fwd PE | 5.28 | ||
| P/S | 2.09 | ||
| P/FCF | 3.55 | ||
| P/OCF | 3.15 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 4.33 |
EPS(TTM)3.95
EY19.34%
EPS(NY)3.87
Fwd EY18.94%
FCF(TTM)5.76
FCFY28.2%
OCF(TTM)6.47
OCFY31.7%
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 | 1.7 |
F-Score5
WACC8.22%
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%