DB:S6W

Stock Analysis Report

Executive Summary

StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally.

Rewards

Trading at 78.3% below its fair value

Risk Analysis

Earnings have declined by -58.1% per year over past 5 years

Interest payments are not well covered by earnings

Highly volatile share price over past 3 months



Snowflake Analysis

Fair value with worrying balance sheet.

Share Price & News

How has StealthGas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: S6W's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

S6W

5.3%

DE Oil and Gas

2.0%

DE Market


1 Year Return

-9.4%

S6W

79.3%

DE Oil and Gas

15.1%

DE Market

Return vs Industry: S6W underperformed the German Oil and Gas industry which returned 80.1% over the past year.

Return vs Market: S6W underperformed the German Market which returned 15% over the past year.


Shareholder returns

S6WIndustryMarket
7 Day-0.8%5.3%2.0%
30 Day-12.8%8.0%1.0%
90 Day-12.2%34.1%3.8%
1 Year-9.4%-9.4%84.3%79.3%18.6%15.1%
3 Year-31.2%-31.2%18.2%8.3%16.8%6.6%
5 Year-48.6%-48.6%328.6%262.2%23.7%6.7%

Price Volatility Vs. Market

How volatile is StealthGas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is StealthGas undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: S6W (€2.6) is trading below our estimate of fair value (€11.98)

Significantly Below Fair Value: S6W is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: S6W is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: S6W is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate S6W's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S6W is good value based on its PB Ratio (0.2x) compared to the DE Oil and Gas industry average (1.3x).


Next Steps

Future Growth

How is StealthGas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.0%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as StealthGas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has StealthGas performed over the past 5 years?

-58.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S6W is currently unprofitable.

Growing Profit Margin: S6W is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: S6W is unprofitable, and losses have increased over the past 5 years at a rate of -58.1% per year.

Accelerating Growth: Unable to compare S6W's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: S6W is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.3%).


Return on Equity

High ROE: S6W has a negative Return on Equity (-0.67%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is StealthGas's financial position?


Financial Position Analysis

Short Term Liabilities: S6W's short term assets ($75.9M) exceed its short term liabilities ($64.5M).

Long Term Liabilities: S6W's short term assets ($75.9M) do not cover its long term liabilities ($338.4M).


Debt to Equity History and Analysis

Debt Level: S6W's debt to equity ratio (67.8%) is considered high.

Reducing Debt: S6W's debt to equity ratio has increased from 59.8% to 67.8% over the past 5 years.


Balance Sheet

Inventory Level: S6W has a high level of physical assets or inventory.

Debt Coverage by Assets: S6W's debt is not covered by short term assets (assets are 0.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: S6W has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: S6W has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is StealthGas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage6.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate S6W's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate S6W's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if S6W's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if S6W's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: S6W is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of S6W's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.9yrs

Average board tenure


CEO

Harry Vafias (41yo)

15.2yrs

Tenure

0

Mr. Harry N. Vafias has been the Chief Executive Officer and President of Stealthgas Inc. since December 2004 and has been its Chief Financial Officer since January 2014. Mr. Vafias has been actively invol ...


Board Members

NamePositionTenureCompensationOwnership
Harry Vafias
President15.2yrsno data17.29% $18.5m
Michael Jolliffe
Independent Chairman of the Board16.1yrsno datano data
Markos Drakos
Independent Director13.9yrsno datano data
Lambros Babilis
Deputy Chairman12.3yrsno datano data
John Kostoyannis
Independent Director9.3yrsno datano data

13.9yrs

Average Tenure

53yo

Average Age

Experienced Board: S6W's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

StealthGas Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: StealthGas Inc.
  • Ticker: S6W
  • Exchange: DB
  • Founded: 2004
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$115.715m
  • Listing Market Cap: US$106.967m
  • Shares outstanding: 39.86m
  • Website: https://www.stealthgas.com

Location

  • StealthGas Inc.
  • 331 Kifissias Avenue
  • Erithrea
  • Athens
  • 14561
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GASSNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDOct 2005
S6WDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2005

Biography

StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company’s carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals. As of November 21, 2019, it had a fleet of 49 vessels comprising 45 LPG carriers with a total capacity of 342,099 cubic meters; 3 medium range product tankers; and 1 Aframax oil tanker with a total capacity of 255,804 deadweight tons. StealthGas Inc. was founded in 2004 and is based in Athens, Greece. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 21:08
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.