DORIAN LPG LTD (LPG) Stock Fundamental Analysis
NYSE:LPG - New York Stock Exchange, Inc. - MHY2106R1100 - Common Stock - Currency: USD
LPG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 211 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 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.
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
LPG has a Return On Assets of 5.07%. This is in the better half of the industry: LPG outperforms 60.66% of its industry peers.
LPG has a Return On Equity (8.62%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 5.33%, LPG perfoms like the industry average, outperforming 44.08% of the companies in the same industry.
LPG had an Average Return On Invested Capital over the past 3 years of 10.02%. This is significantly below the industry average of 23.70%.
The 3 year average ROIC (10.02%) for LPG is well above the current ROIC(5.33%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.07% | ||
| ROE | 8.62% | ||
| ROIC | 5.33% |
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 has a Profit Margin of 25.52%. This is in the better half of the industry: LPG outperforms 77.25% of its industry peers.
In the last couple of years the Profit Margin of LPG has declined.
LPG has a Operating Margin of 31.88%. This is in the better half of the industry: LPG outperforms 72.04% of its industry peers.
LPG's Operating Margin has declined in the last couple of years.
LPG's Gross Margin of 87.08% is amongst the best of the industry. LPG outperforms 94.79% of its industry peers.
LPG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.88% | ||
| PM (TTM) | 25.52% | ||
| GM | 87.08% |
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
LPG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
LPG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for LPG has been reduced compared to 5 years ago.
LPG has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.75, we must say that LPG is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.75, LPG is doing good in the industry, outperforming 60.66% of the companies in the same industry.
The Debt to FCF ratio of LPG is 3.59, which is a good value as it means it would take LPG, 3.59 years of fcf income to pay off all of its debts.
LPG has a Debt to FCF ratio of 3.59. This is in the better half of the industry: LPG outperforms 73.46% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that LPG is not too dependend on debt financing.
LPG has a Debt to Equity ratio (0.48) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.59 | ||
| Altman-Z | 1.75 |
ROIC/WACC0.6
WACC8.89%
2.3 Liquidity
LPG has a Current Ratio of 3.54. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.54, LPG belongs to the top of the industry, outperforming 88.63% of the companies in the same industry.
A Quick Ratio of 3.52 indicates that LPG has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.52, LPG belongs to the best of the industry, outperforming 88.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.52 |
3. Growth
3.1 Past
The earnings per share for LPG have decreased strongly by -69.83% in the last year.
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 -36.99% in the past year. This is quite bad
The Revenue has been growing slightly by 1.17% on average over the past years.
EPS 1Y (TTM)-69.83%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-86.91%
Revenue 1Y (TTM)-36.99%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-46.33%
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 -12.33% yearly.
Based on estimates for the next years, LPG will show a decrease in Revenue. The Revenue will decrease by -4.10% on average per year.
EPS Next Y45.12%
EPS Next 2Y6.93%
EPS Next 3Y-12.33%
EPS Next 5YN/A
Revenue Next Year6.42%
Revenue Next 2Y-1.73%
Revenue Next 3Y-4.1%
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
With a Price/Earnings ratio of 11.34, the valuation of LPG can be described as very reasonable.
67.30% of the companies in the same industry are more expensive than LPG, based on the Price/Earnings ratio.
LPG is valuated cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.81 indicates a rather cheap valuation of LPG.
LPG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LPG is cheaper than 79.62% of the companies in the same industry.
LPG is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.34 | ||
| Fwd PE | 7.81 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as LPG.
LPG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LPG is cheaper than 82.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.2 | ||
| EV/EBITDA | 7.39 |
4.3 Compensation for Growth
LPG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
LPG has a very decent profitability rating, which may justify a higher PE ratio.
LPG's earnings are expected to decrease with -12.33% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y6.93%
EPS Next 3Y-12.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.33%, LPG is a good candidate for dividend investing.
LPG's Dividend Yield is rather good when compared to the industry average which is at 6.51. LPG pays more dividend than 93.36% of the companies in the same industry.
LPG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.33% |
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
173.45% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP173.45%
EPS Next 2Y6.93%
EPS Next 3Y-12.33%
25.96
+0.2 (+0.78%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.07%
Inst Owner Change-9.13%
Ins Owners13.96%
Ins Owner Change1.56%
Market Cap1.11B
Analysts80
Price Target30.68 (18.18%)
Short Float %5.14%
Short Ratio2.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.33% |
Yearly Dividend3.75
Dividend Growth(5Y)N/A
DP173.45%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-54.6%
Min EPS beat(2)-67.19%
Max EPS beat(2)-42.02%
EPS beat(4)1
Avg EPS beat(4)-29.95%
Min EPS beat(4)-67.19%
Max EPS beat(4)27.53%
EPS beat(8)4
Avg EPS beat(8)-8.54%
EPS beat(12)7
Avg EPS beat(12)1.89%
EPS beat(16)8
Avg EPS beat(16)-4.48%
Revenue beat(2)0
Avg Revenue beat(2)-17.58%
Min Revenue beat(2)-22.54%
Max Revenue beat(2)-12.62%
Revenue beat(4)1
Avg Revenue beat(4)-8.63%
Min Revenue beat(4)-22.54%
Max Revenue beat(4)5.31%
Revenue beat(8)3
Avg Revenue beat(8)-6.93%
Revenue beat(12)7
Avg Revenue beat(12)-1.57%
Revenue beat(16)10
Avg Revenue beat(16)-0.76%
PT rev (1m)-3.84%
PT rev (3m)-19.23%
EPS NQ rev (1m)39.64%
EPS NQ rev (3m)40.52%
EPS NY rev (1m)14.67%
EPS NY rev (3m)-14.07%
Revenue NQ rev (1m)16.28%
Revenue NQ rev (3m)16.28%
Revenue NY rev (1m)6.05%
Revenue NY rev (3m)-3.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.34 | ||
| Fwd PE | 7.81 | ||
| P/S | 3.14 | ||
| P/FCF | 7.2 | ||
| P/OCF | 6.41 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 7.39 |
EPS(TTM)2.29
EY8.82%
EPS(NY)3.32
Fwd EY12.8%
FCF(TTM)3.6
FCFY13.88%
OCF(TTM)4.05
OCFY15.59%
SpS8.27
BVpS24.47
TBVpS24.47
PEG (NY)0.25
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.07% | ||
| ROE | 8.62% | ||
| ROCE | 6.74% | ||
| ROIC | 5.33% | ||
| ROICexc | 6.57% | ||
| ROICexgc | 6.57% | ||
| OM | 31.88% | ||
| PM (TTM) | 25.52% | ||
| GM | 87.08% | ||
| FCFM | 43.6% |
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%
ROICexcg growth 3Y7.64%
ROICexcg 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-Score4
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.59 | ||
| Debt/EBITDA | 2.74 | ||
| Cap/Depr | 27.23% | ||
| Cap/Sales | 5.36% | ||
| Interest Coverage | 3.43 | ||
| Cash Conversion | 94.94% | ||
| Profit Quality | 170.86% | ||
| Current Ratio | 3.54 | ||
| Quick Ratio | 3.52 | ||
| Altman-Z | 1.75 |
F-Score4
WACC8.89%
ROIC/WACC0.6
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)-69.83%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-86.91%
EPS Next Y45.12%
EPS Next 2Y6.93%
EPS Next 3Y-12.33%
EPS Next 5YN/A
Revenue 1Y (TTM)-36.99%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-46.33%
Revenue Next Year6.42%
Revenue Next 2Y-1.73%
Revenue Next 3Y-4.1%
Revenue Next 5YN/A
EBIT growth 1Y-65.74%
EBIT growth 3Y9.8%
EBIT growth 5Y-6.91%
EBIT Next Year59.95%
EBIT Next 3Y4.82%
EBIT Next 5YN/A
FCF growth 1Y-56.67%
FCF growth 3Y17.28%
FCF growth 5Y0.67%
OCF growth 1Y-55.46%
OCF growth 3Y13.38%
OCF growth 5Y0.47%