NAVIGATOR HOLDINGS LTD (NVGS) Stock Fundamental Analysis
NYSE:NVGS - New York Stock Exchange, Inc. - MHY621321089 - Common Stock - Currency: USD
Overall NVGS gets a fundamental rating of 5 out of 10. We evaluated NVGS against 211 industry peers in the Oil, Gas & Consumable Fuels industry. While NVGS is still in line with the averages on profitability rating, there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on NVGS.
1. Profitability
1.1 Basic Checks
In the past year NVGS was profitable.
NVGS had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NVGS reported negative net income in multiple years.
Each year in the past 5 years NVGS had a positive operating cash flow.
1.2 Ratios
NVGS's Return On Assets of 3.97% is in line compared to the rest of the industry. NVGS outperforms 54.03% of its industry peers.
NVGS has a Return On Equity of 7.33%. This is comparable to the rest of the industry: NVGS outperforms 47.87% of its industry peers.
NVGS has a Return On Invested Capital (5.62%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for NVGS is significantly below the industry average of 23.70%.
The last Return On Invested Capital (5.62%) for NVGS is above the 3 year average (4.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 7.33% | ||
| ROIC | 5.62% |
ROA(3y)3.4%
ROA(5y)1.75%
ROE(3y)6.2%
ROE(5y)3.16%
ROIC(3y)4.52%
ROIC(5y)3.59%
1.3 Margins
Looking at the Profit Margin, with a value of 15.42%, NVGS is in the better half of the industry, outperforming 64.45% of the companies in the same industry.
The Operating Margin of NVGS (25.07%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of NVGS has grown nicely.
The Gross Margin of NVGS (54.47%) is better than 61.61% of its industry peers.
In the last couple of years the Gross Margin of NVGS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.07% | ||
| PM (TTM) | 15.42% | ||
| GM | 54.47% |
OM growth 3Y18.39%
OM growth 5Y18.49%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.07%
GM growth 5Y5.08%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NVGS is destroying value.
The number of shares outstanding for NVGS has been reduced compared to 1 year ago.
NVGS has more shares outstanding than it did 5 years ago.
NVGS has a worse debt/assets ratio than last year.
2.2 Solvency
NVGS has an Altman-Z score of 1.36. This is a bad value and indicates that NVGS is not financially healthy and even has some risk of bankruptcy.
NVGS's Altman-Z score of 1.36 is in line compared to the rest of the industry. NVGS outperforms 52.61% of its industry peers.
The Debt to FCF ratio of NVGS is 11.42, which is on the high side as it means it would take NVGS, 11.42 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 11.42, NVGS is in line with its industry, outperforming 50.24% of the companies in the same industry.
A Debt/Equity ratio of 0.63 indicates that NVGS is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.63, NVGS perfoms like the industry average, outperforming 40.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 11.42 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.66
WACC8.55%
2.3 Liquidity
A Current Ratio of 1.10 indicates that NVGS should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.10, NVGS is in line with its industry, outperforming 47.87% of the companies in the same industry.
NVGS has a Quick Ratio of 1.03. This is a normal value and indicates that NVGS is financially healthy and should not expect problems in meeting its short term obligations.
NVGS has a Quick ratio (1.03) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.97% over the past year.
Measured over the past years, NVGS shows a very strong growth in Earnings Per Share. The EPS has been growing by 50.06% on average per year.
NVGS shows a small growth in Revenue. In the last year, the Revenue has grown by 6.39%.
The Revenue has been growing by 13.46% on average over the past years. This is quite good.
EPS 1Y (TTM)11.97%
EPS 3Y50.06%
EPS 5YN/A
EPS Q2Q%25.81%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y11.71%
Revenue growth 5Y13.46%
Sales Q2Q%12.86%
3.2 Future
Based on estimates for the next years, NVGS will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.15% on average per year.
The Revenue is expected to decrease by -0.15% on average over the next years.
EPS Next Y28.95%
EPS Next 2Y20.06%
EPS Next 3Y14.15%
EPS Next 5YN/A
Revenue Next Year6.69%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.15%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.63, the valuation of NVGS can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of NVGS indicates a somewhat cheap valuation: NVGS is cheaper than 65.88% of the companies listed in the same industry.
NVGS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.45.
A Price/Forward Earnings ratio of 8.59 indicates a reasonable valuation of NVGS.
NVGS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NVGS is cheaper than 73.93% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, NVGS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.63 | ||
| Fwd PE | 8.59 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NVGS indicates a somewhat cheap valuation: NVGS is cheaper than 63.51% of the companies listed in the same industry.
NVGS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NVGS is cheaper than 65.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.36 | ||
| EV/EBITDA | 6.67 |
4.3 Compensation for Growth
NVGS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as NVGS's earnings are expected to grow with 14.15% in the coming years.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y20.06%
EPS Next 3Y14.15%
5. Dividend
5.1 Amount
NVGS has a Yearly Dividend Yield of 1.36%.
NVGS's Dividend Yield is slightly below the industry average, which is at 6.66.
With a Dividend Yield of 1.36, NVGS pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
5.2 History
NVGS has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
15.83% of the earnings are spent on dividend by NVGS. This is a low number and sustainable payout ratio.
DP15.83%
EPS Next 2Y20.06%
EPS Next 3Y14.15%
15.23
+0.07 (+0.46%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners28.85%
Inst Owner Change-0.92%
Ins Owners1.48%
Ins Owner ChangeN/A
Market Cap1.06B
Analysts88.57
Price Target20.06 (31.71%)
Short Float %1.44%
Short Ratio0.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
Yearly Dividend0.2
Dividend Growth(5Y)N/A
DP15.83%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.36%
Min EPS beat(2)4.17%
Max EPS beat(2)22.55%
EPS beat(4)2
Avg EPS beat(4)0.29%
Min EPS beat(4)-21.65%
Max EPS beat(4)22.55%
EPS beat(8)3
Avg EPS beat(8)1.01%
EPS beat(12)3
Avg EPS beat(12)-10.08%
EPS beat(16)6
Avg EPS beat(16)-10.06%
Revenue beat(2)2
Avg Revenue beat(2)2.81%
Min Revenue beat(2)1.46%
Max Revenue beat(2)4.15%
Revenue beat(4)4
Avg Revenue beat(4)3.25%
Min Revenue beat(4)0.13%
Max Revenue beat(4)7.26%
Revenue beat(8)6
Avg Revenue beat(8)1.96%
Revenue beat(12)10
Avg Revenue beat(12)4.27%
Revenue beat(16)14
Avg Revenue beat(16)8.13%
PT rev (1m)-9.43%
PT rev (3m)-10.61%
EPS NQ rev (1m)-10.65%
EPS NQ rev (3m)-15.34%
EPS NY rev (1m)-6.67%
EPS NY rev (3m)-7.08%
Revenue NQ rev (1m)-5.57%
Revenue NQ rev (3m)-14.41%
Revenue NY rev (1m)-2.21%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.63 | ||
| Fwd PE | 8.59 | ||
| P/S | 1.81 | ||
| P/FCF | 13.36 | ||
| P/OCF | 4.7 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 6.67 |
EPS(TTM)1.31
EY8.6%
EPS(NY)1.77
Fwd EY11.64%
FCF(TTM)1.14
FCFY7.48%
OCF(TTM)3.24
OCFY21.29%
SpS8.43
BVpS17.72
TBVpS17.72
PEG (NY)0.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.97% | ||
| ROE | 7.33% | ||
| ROCE | 7.11% | ||
| ROIC | 5.62% | ||
| ROICexc | 5.88% | ||
| ROICexgc | 5.88% | ||
| OM | 25.07% | ||
| PM (TTM) | 15.42% | ||
| GM | 54.47% | ||
| FCFM | 13.53% |
ROA(3y)3.4%
ROA(5y)1.75%
ROE(3y)6.2%
ROE(5y)3.16%
ROIC(3y)4.52%
ROIC(5y)3.59%
ROICexc(3y)4.88%
ROICexc(5y)3.86%
ROICexgc(3y)4.88%
ROICexgc(5y)3.86%
ROCE(3y)5.72%
ROCE(5y)4.55%
ROICexcg growth 3Y34.7%
ROICexcg growth 5Y33.94%
ROICexc growth 3Y34.7%
ROICexc growth 5Y33.94%
OM growth 3Y18.39%
OM growth 5Y18.49%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.07%
GM growth 5Y5.08%
F-Score7
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 11.42 | ||
| Debt/EBITDA | 2.78 | ||
| Cap/Depr | 109.18% | ||
| Cap/Sales | 24.96% | ||
| Interest Coverage | 3.12 | ||
| Cash Conversion | 80.29% | ||
| Profit Quality | 87.73% | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 1.36 |
F-Score7
WACC8.55%
ROIC/WACC0.66
Cap/Depr(3y)72.02%
Cap/Depr(5y)44.6%
Cap/Sales(3y)17.28%
Cap/Sales(5y)10.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.97%
EPS 3Y50.06%
EPS 5YN/A
EPS Q2Q%25.81%
EPS Next Y28.95%
EPS Next 2Y20.06%
EPS Next 3Y14.15%
EPS Next 5YN/A
Revenue 1Y (TTM)6.39%
Revenue growth 3Y11.71%
Revenue growth 5Y13.46%
Sales Q2Q%12.86%
Revenue Next Year6.69%
Revenue Next 2Y1.63%
Revenue Next 3Y-0.15%
Revenue Next 5YN/A
EBIT growth 1Y6.94%
EBIT growth 3Y32.25%
EBIT growth 5Y34.44%
EBIT Next Year111.68%
EBIT Next 3Y27.8%
EBIT Next 5YN/A
FCF growth 1Y249.59%
FCF growth 3Y21.45%
FCF growth 5Y29.52%
OCF growth 1Y65.96%
OCF growth 3Y29.07%
OCF growth 5Y33.47%