DORIAN LPG LTD (LPG) Stock Fundamental Analysis
USA - NYSE:LPG - MHY2106R1100 - Common Stock
32.29 USD
+0.26 (+0.81%)
32.29 USD
0 (0%)
LPG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While LPG has a great health rating, its profitability is only average at the moment. LPG is valued correctly, but it does not seem to be growing.
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.
In the past 5 years LPG has always been profitable.
Each year in the past 5 years LPG had a positive operating cash flow.
1.2 Ratios
LPG has a Return On Assets of 2.80%. This is comparable to the rest of the industry: LPG outperforms 46.67% of its industry peers.
The Return On Equity of LPG (4.73%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 3.51%, LPG is doing worse than 65.24% 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 21.66%.
The 3 year average ROIC (10.02%) for LPG is well above the current ROIC(3.51%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.8% | ||
| ROE | 4.73% | ||
| ROIC | 3.51% |
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
With a decent Profit Margin value of 15.15%, LPG is doing good in the industry, outperforming 64.29% of the companies in the same industry.
In the last couple of years the Profit Margin of LPG has declined.
LPG has a Operating Margin of 22.51%. This is comparable to the rest of the industry: LPG outperforms 58.57% of its industry peers.
LPG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 85.69%, LPG belongs to the top of the industry, outperforming 93.33% 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 | 22.51% | ||
| PM (TTM) | 15.15% | ||
| GM | 85.69% |
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
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.
The number of shares outstanding for LPG has been reduced compared to 5 years ago.
Compared to 1 year ago, LPG has an improved debt to assets ratio.
2.2 Solvency
LPG has an Altman-Z score of 1.89. This is not the best score and indicates that LPG is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 1.89, LPG is doing good in the industry, outperforming 64.76% of the companies in the same industry.
LPG has a debt to FCF ratio of 4.82. This is a neutral value as LPG would need 4.82 years to pay back of all of its debts.
LPG has a Debt to FCF ratio of 4.82. This is in the better half of the industry: LPG outperforms 66.19% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that LPG is not too dependend on debt financing.
LPG's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. LPG outperforms 50.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.82 | ||
| Altman-Z | 1.89 |
ROIC/WACC0.42
WACC8.29%
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.
A Quick Ratio of 3.30 indicates that LPG has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.30, LPG belongs to the top of the industry, outperforming 87.14% 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 -82.98%.
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.
LPG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -42.65%.
LPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.17% yearly.
EPS 1Y (TTM)-82.98%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-78.57%
Revenue 1Y (TTM)-42.65%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-26.36%
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 -11.40% 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 Y65.44%
EPS Next 2Y0.83%
EPS Next 3Y-11.4%
EPS Next 5YN/A
Revenue Next Year11.23%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.64%
Revenue Next 5Y3.43%
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.
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
A Price/Earnings ratio of 24.84 indicates a rather expensive valuation of LPG.
The rest of the industry has a similar Price/Earnings ratio as LPG.
The average S&P500 Price/Earnings ratio is at 27.41. LPG is around the same levels.
A Price/Forward Earnings ratio of 13.87 indicates a correct valuation of LPG.
The rest of the industry has a similar Price/Forward Earnings ratio as LPG.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, LPG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.84 | ||
| Fwd PE | 13.87 |
4.2 Price Multiples
LPG's Enterprise Value to EBITDA is on the same level as the industry average.
69.05% 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 | 12.31 | ||
| EV/EBITDA | 11.34 |
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's earnings are expected to decrease with -11.40% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y0.83%
EPS Next 3Y-11.4%
5. Dividend
5.1 Amount
LPG has a Yearly Dividend Yield of 8.84%, which is a nice return.
Compared to an average industry Dividend Yield of 6.17, LPG pays a better dividend. On top of this LPG pays more dividend than 87.14% of the companies listed 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 | 8.84% |
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
280.30% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP280.3%
EPS Next 2Y0.83%
EPS Next 3Y-11.4%
32.29
+0.26 (+0.81%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners65.72%
Inst Owner Change26.83%
Ins Owners13.94%
Ins Owner Change6.13%
Market Cap1.38B
Analysts80
Price Target33.54 (3.87%)
Short Float %3.85%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.84% |
Yearly Dividend3.75
Dividend Growth(5Y)N/A
DP280.3%
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-64.3%
Min EPS beat(2)-67.19%
Max EPS beat(2)-61.41%
EPS beat(4)0
Avg EPS beat(4)-52.18%
Min EPS beat(4)-67.19%
Max EPS beat(4)-38.12%
EPS beat(8)4
Avg EPS beat(8)-12.91%
EPS beat(12)7
Avg EPS beat(12)-1.97%
EPS beat(16)8
Avg EPS beat(16)-5.25%
Revenue beat(2)0
Avg Revenue beat(2)-16.36%
Min Revenue beat(2)-22.54%
Max Revenue beat(2)-10.17%
Revenue beat(4)0
Avg Revenue beat(4)-12.5%
Min Revenue beat(4)-22.54%
Max Revenue beat(4)-4.68%
Revenue beat(8)3
Avg Revenue beat(8)-6.08%
Revenue beat(12)6
Avg Revenue beat(12)-2.94%
Revenue beat(16)9
Avg Revenue beat(16)-1.74%
PT rev (1m)1.86%
PT rev (3m)9.31%
EPS NQ rev (1m)-1.72%
EPS NQ rev (3m)106.81%
EPS NY rev (1m)9.37%
EPS NY rev (3m)30.73%
Revenue NQ rev (1m)1.18%
Revenue NQ rev (3m)36.4%
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)7.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.84 | ||
| Fwd PE | 13.87 | ||
| P/S | 4.26 | ||
| P/FCF | 12.31 | ||
| P/OCF | 10.39 | ||
| P/B | 1.33 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 11.34 |
EPS(TTM)1.3
EY4.03%
EPS(NY)2.33
Fwd EY7.21%
FCF(TTM)2.62
FCFY8.12%
OCF(TTM)3.11
OCFY9.63%
SpS7.58
BVpS24.26
TBVpS24.26
PEG (NY)0.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.8% | ||
| ROE | 4.73% | ||
| ROCE | 4.44% | ||
| ROIC | 3.51% | ||
| ROICexc | 4.23% | ||
| ROICexgc | 4.23% | ||
| OM | 22.51% | ||
| PM (TTM) | 15.15% | ||
| GM | 85.69% | ||
| FCFM | 34.61% |
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-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.82 | ||
| Debt/EBITDA | 3.38 | ||
| Cap/Depr | 29.31% | ||
| Cap/Sales | 6.42% | ||
| Interest Coverage | 2.31 | ||
| Cash Conversion | 92.36% | ||
| Profit Quality | 228.43% | ||
| Current Ratio | 3.32 | ||
| Quick Ratio | 3.3 | ||
| Altman-Z | 1.89 |
F-Score5
WACC8.29%
ROIC/WACC0.42
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)-82.98%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%-78.57%
EPS Next Y65.44%
EPS Next 2Y0.83%
EPS Next 3Y-11.4%
EPS Next 5YN/A
Revenue 1Y (TTM)-42.65%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%-26.36%
Revenue Next Year11.23%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.64%
Revenue Next 5Y3.43%
EBIT growth 1Y-77.86%
EBIT growth 3Y9.8%
EBIT growth 5Y-6.91%
EBIT Next Year83.15%
EBIT Next 3Y11.22%
EBIT Next 5Y11.95%
FCF growth 1Y-41.44%
FCF growth 3Y17.28%
FCF growth 5Y0.67%
OCF growth 1Y-47.65%
OCF growth 3Y13.38%
OCF growth 5Y0.47%