DORIAN LPG LTD (LPG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LPG - MHY2106R1100 - Common Stock
23.98 USD
-0.33 (-1.36%)
23.8078 USD
-0.17 (-0.72%)
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. LPG has an excellent financial health rating, but there are some minor concerns on its profitability. LPG is valued quite cheap, but it does not seem to be growing. This makes LPG very considerable for value investing!
1. Profitability
1.1 Basic Checks
LPG had positive earnings in the past year.
LPG had a positive operating cash flow in the past year.
LPG had positive earnings in each of the past 5 years.
Each year in the past 5 years LPG had a positive operating cash flow.
1.2 Ratios
LPG has a better Return On Assets (5.33%) than 68.10% of its industry peers.
With a decent Return On Equity value of 8.90%, LPG is doing good in the industry, outperforming 61.43% of the companies in the same industry.
LPG has a Return On Invested Capital (5.36%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for LPG is significantly below the industry average of 21.09%.
The 3 year average ROIC (10.02%) for LPG is well above the current ROIC(5.36%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.33% | ||
| ROE | 8.9% | ||
| ROIC | 5.36% |
ROA(3y)10.63%
ROA(5y)8.44%
ROE(3y)19.46%
ROE(5y)15.2%
ROIC(3y)10.02%
ROIC(5y)8.12%
1.3 Margins
LPG's Profit Margin of 26.02% is amongst the best of the industry. LPG outperforms 84.29% of its industry peers.
LPG's Profit Margin has declined in the last couple of years.
The Operating Margin of LPG (30.98%) is better than 76.67% of its industry peers.
In the last couple of years the Operating Margin of LPG has declined.
With an excellent Gross Margin value of 86.18%, LPG belongs to the best of the industry, outperforming 93.81% of the companies in the same industry.
In the last couple of years the Gross Margin of LPG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.98% | ||
| PM (TTM) | 26.02% | ||
| GM | 86.18% |
OM growth 3Y0.9%
OM growth 5Y-7.98%
PM growth 3Y-0.9%
PM growth 5Y-5.32%
GM growth 3Y-1.99%
GM growth 5Y-1.95%
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.
The number of shares outstanding for LPG has been increased compared to 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
Based on the Altman-Z score of 1.73, we must say that LPG is in the distress zone and has some risk of bankruptcy.
LPG has a better Altman-Z score (1.73) than 62.86% of its industry peers.
LPG has a debt to FCF ratio of 5.90. This is a neutral value as LPG would need 5.90 years to pay back of all of its debts.
The Debt to FCF ratio of LPG (5.90) is better than 61.43% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that LPG is not too dependend on debt financing.
LPG has a Debt to Equity ratio of 0.44. This is comparable to the rest of the industry: LPG outperforms 52.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.9 | ||
| Altman-Z | 1.73 |
ROIC/WACC0.65
WACC8.21%
2.3 Liquidity
LPG has a Current Ratio of 3.32. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
LPG's Current ratio of 3.32 is amongst the best of the industry. LPG outperforms 86.19% of its industry peers.
LPG has a Quick Ratio of 3.30. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.30, LPG belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.32 | ||
| Quick Ratio | 3.3 |
3. Growth
3.1 Past
LPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -63.19%.
Measured over the past years, LPG shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.02% on average per year.
The Revenue for LPG has decreased by -27.21% in the past year. This is quite bad
LPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.17% yearly.
EPS 1Y (TTM)-63.19%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%274.29%
Revenue 1Y (TTM)-27.21%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%50.5%
3.2 Future
Based on estimates for the next years, LPG will show a very negative growth in Earnings Per Share. The EPS will decrease by -16.72% on average per year.
LPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.43% yearly.
EPS Next Y61.63%
EPS Next 2Y12.98%
EPS Next 3Y-16.72%
EPS Next 5YN/A
Revenue Next Year18.73%
Revenue Next 2Y2.85%
Revenue Next 3Y-4.29%
Revenue Next 5Y3.43%
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
Based on the Price/Earnings ratio of 10.61, the valuation of LPG can be described as reasonable.
Based on the Price/Earnings ratio, LPG is valued a bit cheaper than the industry average as 74.76% of the companies are valued more expensively.
LPG is valuated cheaply when we compare the Price/Earnings ratio to 26.50, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 8.20, the valuation of LPG can be described as very reasonable.
Based on the Price/Forward Earnings ratio, LPG is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.93, LPG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.61 | ||
| Fwd PE | 8.2 |
4.2 Price Multiples
LPG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LPG is cheaper than 61.43% of the companies in the same industry.
70.00% of the companies in the same industry are more expensive than LPG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.51 | ||
| EV/EBITDA | 7.05 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of LPG may justify a higher PE ratio.
LPG's earnings are expected to decrease with -16.72% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y12.98%
EPS Next 3Y-16.72%
5. Dividend
5.1 Amount
LPG has a Yearly Dividend Yield of 9.98%, which is a nice return.
The stock price of LPG dropped by -23.17% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
LPG's Dividend Yield is rather good when compared to the industry average which is at 3.95. LPG pays more dividend than 88.57% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, LPG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.98% |
5.2 History
LPG has been paying a dividend for over 5 years, so it has already some track record.
LPG has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
126.33% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP126.33%
EPS Next 2Y12.98%
EPS Next 3Y-16.72%
23.98
-0.33 (-1.36%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.84%
Inst Owner Change-20.34%
Ins Owners14.18%
Ins Owner Change3.78%
Market Cap1.03B
Revenue(TTM)364.83M
Net Income(TTM)94.92M
Analysts80
Price Target34.84 (45.29%)
Short Float %4.02%
Short Ratio3.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.98% |
Yearly Dividend3.75
Dividend Growth(5Y)N/A
DP126.33%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-30.1%
Min EPS beat(2)-61.41%
Max EPS beat(2)1.2%
EPS beat(4)1
Avg EPS beat(4)-42.35%
Min EPS beat(4)-67.19%
Max EPS beat(4)1.2%
EPS beat(8)4
Avg EPS beat(8)-15.68%
EPS beat(12)7
Avg EPS beat(12)-4.28%
EPS beat(16)8
Avg EPS beat(16)-6.16%
Revenue beat(2)1
Avg Revenue beat(2)-1.48%
Min Revenue beat(2)-10.17%
Max Revenue beat(2)7.21%
Revenue beat(4)1
Avg Revenue beat(4)-9.53%
Min Revenue beat(4)-22.54%
Max Revenue beat(4)7.21%
Revenue beat(8)3
Avg Revenue beat(8)-5.2%
Revenue beat(12)6
Avg Revenue beat(12)-3.05%
Revenue beat(16)9
Avg Revenue beat(16)-1.71%
PT rev (1m)3.89%
PT rev (3m)3.89%
EPS NQ rev (1m)-3.95%
EPS NQ rev (3m)-0.8%
EPS NY rev (1m)17.18%
EPS NY rev (3m)-2.3%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)0.63%
Revenue NY rev (1m)6.75%
Revenue NY rev (3m)6.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.61 | ||
| Fwd PE | 8.2 | ||
| P/S | 2.82 | ||
| P/FCF | 11.51 | ||
| P/OCF | 8.44 | ||
| P/B | 0.96 | ||
| P/tB | 0.96 | ||
| EV/EBITDA | 7.05 |
EPS(TTM)2.26
EY9.42%
EPS(NY)2.92
Fwd EY12.19%
FCF(TTM)2.08
FCFY8.69%
OCF(TTM)2.84
OCFY11.84%
SpS8.52
BVpS24.9
TBVpS24.9
PEG (NY)0.17
PEG (5Y)N/A
Graham Number35.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.33% | ||
| ROE | 8.9% | ||
| ROCE | 6.79% | ||
| ROIC | 5.36% | ||
| ROICexc | 6.39% | ||
| ROICexgc | 6.39% | ||
| OM | 30.98% | ||
| PM (TTM) | 26.02% | ||
| GM | 86.18% | ||
| FCFM | 24.46% |
ROA(3y)10.63%
ROA(5y)8.44%
ROE(3y)19.46%
ROE(5y)15.2%
ROIC(3y)10.02%
ROIC(5y)8.12%
ROICexc(3y)11.78%
ROICexc(5y)9.41%
ROICexgc(3y)11.78%
ROICexgc(5y)9.41%
ROCE(3y)12.68%
ROCE(5y)10.28%
ROICexgc growth 3Y7.64%
ROICexgc growth 5Y-4.68%
ROICexc growth 3Y7.64%
ROICexc growth 5Y-4.68%
OM growth 3Y0.9%
OM growth 5Y-7.98%
PM growth 3Y-0.9%
PM growth 5Y-5.32%
GM growth 3Y-1.99%
GM growth 5Y-1.95%
F-Score5
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 5.9 | ||
| Debt/EBITDA | 2.56 | ||
| Cap/Depr | 45.45% | ||
| Cap/Sales | 8.89% | ||
| Interest Coverage | 3.81 | ||
| Cash Conversion | 66% | ||
| Profit Quality | 94.02% | ||
| Current Ratio | 3.32 | ||
| Quick Ratio | 3.3 | ||
| Altman-Z | 1.73 |
F-Score5
WACC8.21%
ROIC/WACC0.65
Cap/Depr(3y)61.2%
Cap/Depr(5y)46.48%
Cap/Sales(3y)9.63%
Cap/Sales(5y)8.07%
Profit Quality(3y)125.53%
Profit Quality(5y)136.68%
High Growth Momentum
Growth
EPS 1Y (TTM)-63.19%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%274.29%
EPS Next Y61.63%
EPS Next 2Y12.98%
EPS Next 3Y-16.72%
EPS Next 5YN/A
Revenue 1Y (TTM)-27.21%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%50.5%
Revenue Next Year18.73%
Revenue Next 2Y2.85%
Revenue Next 3Y-4.29%
Revenue Next 5Y3.43%
EBIT growth 1Y-57.72%
EBIT growth 3Y9.8%
EBIT growth 5Y-6.91%
EBIT Next Year91.58%
EBIT Next 3Y1.82%
EBIT Next 5Y11.95%
FCF growth 1Y-62.42%
FCF growth 3Y17.28%
FCF growth 5Y0.67%
OCF growth 1Y-60.03%
OCF growth 3Y13.38%
OCF growth 5Y0.47%
DORIAN LPG LTD / LPG FAQ
What is the ChartMill fundamental rating of DORIAN LPG LTD (LPG) stock?
ChartMill assigns a fundamental rating of 6 / 10 to LPG.
What is the valuation status of DORIAN LPG LTD (LPG) stock?
ChartMill assigns a valuation rating of 7 / 10 to DORIAN LPG LTD (LPG). This can be considered as Undervalued.
How profitable is DORIAN LPG LTD (LPG) stock?
DORIAN LPG LTD (LPG) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for LPG stock?
The Price/Earnings (PE) ratio for DORIAN LPG LTD (LPG) is 10.61 and the Price/Book (PB) ratio is 0.96.
Can you provide the dividend sustainability for LPG stock?
The dividend rating of DORIAN LPG LTD (LPG) is 5 / 10 and the dividend payout ratio is 126.33%.