(BWLP) BW G - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 3.433m USD | Total Return: 140.8% in 12m
Industry Rotation: +28.2
Avg Turnover: 7.82M
EPS Trend: -63.4%
Qual. Beats: 0
Rev. Trend: 88.4%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Supp Ema8, Leader, Tailwind
BW LPG Limited is a Singapore-based investment holding company specializing in the maritime transportation and wholesale trading of liquefied petroleum gas (LPG). The company operates through two primary segments: Shipping, which manages a fleet of 54 vessels including Very Large Gas Carriers (VLGCs), and Product Services, which provides integrated delivery and trading solutions.
The business model relies on the global arbitrage of LPG, primarily transporting fuel from supply hubs in the U.S. Gulf Coast and the Middle East to demand centers in Asia. As a leader in the VLGC sector, the company benefits from economies of scale, as these vessels are the most cost-efficient method for long-haul LPG transport.
For a detailed breakdown of the companys valuation metrics and historical performance, you may wish to consult ValueRay. Founded in 1935, BW LPG maintains a significant market presence through its subsidiary, BW LPG India, which operates the largest fleet of Indian-flagged VLGCs to serve the regions growing energy requirements.
- Global LPG arbitrage spreads drive demand for long-haul VLGC shipping services
- US shale exports expansion increases fleet utilization and spot freight rates
- Panama Canal congestion and transit restrictions impact vessel supply and pricing
- Fuel price volatility and carbon emission regulations influence vessel operating margins
- Geopolitical instability in the Middle East affects global LPG trade flows
| Net Income: 246.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 7.48 > 1.0 |
| NWC/Revenue: 5.77% < 20% (prev 1.92%; Δ 3.85% < -1%) |
| CFO/TA 0.18 > 3% & CFO 567.2m > Net Income 246.1m |
| Net Debt (883.7m) to EBITDA (561.6m): 1.57 < 3 |
| Current Ratio: 1.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (151.8m) vs 12m ago 8.74% < -2% |
| Gross Margin: 14.34% > 18% (prev 0.17%; Δ 1.42k% > 0.5%) |
| Asset Turnover: 113.0% > 50% (prev 106.1%; Δ 6.87% > 0%) |
| Interest Coverage Ratio: 5.34 > 6 (EBITDA TTM 561.6m / Interest Expense TTM 56.2m) |
| A: 0.07 (Total Current Assets 636.7m - Total Current Liabilities 425.6m) / Total Assets 3.15b |
| B: 0.19 (Retained Earnings 605.1m / Total Assets 3.15b) |
| C: 0.09 (EBIT TTM 300.4m / Avg Total Assets 3.24b) |
| D: 1.53 (Book Value of Equity 1.88b / Total Liabilities 1.23b) |
| Altman-Z'' = 3.30 = A |
| DSRI: 1.11 (Receivables 243.3m/211.2m, Revenue 3.66b/3.52b) |
| GMI: 1.15 (GM 14.34% / 16.51%) |
| AQI: 0.83 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.04 (Revenue 3.66b / 3.52b) |
| TATA: -0.10 (NI 246.1m - CFO 567.2m) / TA 3.15b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
Over the past week, the price has changed by +4.94%, over one month by +21.63%, over three months by +32.52% and over the past year by +140.77%.
| Analysts Target Price | - | - |
P/E Forward = 7.9554
P/S = 0.9582
P/B = 1.8757
Revenue TTM = 3.66b USD
EBIT TTM = 300.4m USD
EBITDA TTM = 561.6m USD
Long Term Debt = 730.4m USD (from longTermDebt, last quarter)
Short Term Debt = 187.0m USD (from shortTermDebt, last quarter)
Debt = 1.13b USD (from shortLongTermDebtTotal, last quarter) + Leases 137.1m
Net Debt = 883.7m USD (calculated: Debt 1.13b - CCE 243.6m)
Enterprise Value = 4.32b USD (3.43b + Debt 1.13b - CCE 243.6m)
Interest Coverage Ratio = 5.34 (Ebit TTM 300.4m / Interest Expense TTM 56.2m)
EV/FCF = 11.17x (Enterprise Value 4.32b / FCF TTM 386.5m)
FCF Yield = 8.95% (FCF TTM 386.5m / Enterprise Value 4.32b)
FCF Margin = 10.57% (FCF TTM 386.5m / Revenue TTM 3.66b)
Net Margin = 6.73% (Net Income TTM 246.1m / Revenue TTM 3.66b)
Gross Margin = 14.34% ((Revenue TTM 3.66b - Cost of Revenue TTM 3.13b) / Revenue TTM)
Gross Margin QoQ = 23.61% (prev 13.22%)
Tobins Q-Ratio = 1.37 (Enterprise Value 4.32b / Total Assets 3.15b)
Interest Expense / Debt = 1.15% (Interest Expense 12.9m / Debt 1.13b)
Taxrate = 5.29% (6.87m / 129.9m)
NOPAT = 284.5m (EBIT 300.4m * (1 - 5.29%))
Current Ratio = 1.50 (Total Current Assets 636.7m / Total Current Liabilities 425.6m)
Debt / Equity = 0.62 (Debt 1.13b / totalStockholderEquity, last quarter 1.83b)
Debt / EBITDA = 1.57 (Net Debt 883.7m / EBITDA 561.6m)
Debt / FCF = 2.29 (Net Debt 883.7m / FCF TTM 386.5m)
Total Stockholder Equity = 1.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.60% (Net Income 246.1m / Total Assets 3.15b)
RoE = 13.74% (Net Income TTM 246.1m / Total Stockholder Equity 1.79b)
RoCE = 11.91% (EBIT 300.4m / Capital Employed (Equity 1.79b + L.T.Debt 730.4m))
RoIC = 10.65% (NOPAT 284.5m / Invested Capital 2.67b)
WACC = 7.12% (E(3.43b)/V(4.56b) * Re(9.10%) + D(1.13b)/V(4.56b) * Rd(1.15%) * (1-Tc(0.05)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 68.89 | Cagr: 6.34%
[DCF] Terminal Value 82.33% ; FCFF base≈295.3m ; Y1≈307.6m ; Y5≈354.0m
[DCF] Fair Price = 44.40 (EV 7.62b - Net Debt 883.7m = Equity 6.74b / Shares 151.8m; r=7.12% [WACC]; 5y FCF grow 4.39% → 3.0% )
EPS Correlation: -63.37 | EPS CAGR: -24.31% | SUE: 0.56 | # QB: 0
Revenue Correlation: 88.39 | Revenue CAGR: 22.39% | SUE: 3.13 | # QB: 1