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BWEK

BW Epic Kosan OB:BWEK Stock Report

Last Price

kr21.00

Market Cap

kr3.3b

7D

-2.8%

1Y

5.0%

Updated

05 Oct, 2022

Data

Company Financials +
BWEK fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance1/6
Financial Health1/6
Dividends0/6

BWEK Stock Overview

BW Epic Kosan Ltd., together with its subsidiaries, owns and operates a fleet of pressurized gas carriers in Southeast Asia, Europe, West Africa, and the United States.

BW Epic Kosan Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BW Epic Kosan
Historical stock prices
Current Share Pricekr21.00
52 Week Highkr36.00
52 Week Lowkr18.00
Beta0.40
1 Month Change-7.90%
3 Month Change-4.55%
1 Year Change5.00%
3 Year Change50.00%
5 Year Change110.00%
Change since IPO-59.61%

Recent News & Updates

Aug 26
BW Epic Kosan Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

BW Epic Kosan Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in BW Epic Kosan Ltd. ( OB:BWEK ) had a good week, as its shares rose 4.5% to close at kr23.00 following the...

Shareholder Returns

BWEKNO Oil and GasNO Market
7D-2.8%4.5%3.5%
1Y5.0%55.0%-1.9%

Return vs Industry: BWEK underperformed the Norwegian Oil and Gas industry which returned 49.8% over the past year.

Return vs Market: BWEK exceeded the Norwegian Market which returned -3% over the past year.

Price Volatility

Is BWEK's price volatile compared to industry and market?
BWEK volatility
BWEK Average Weekly Movement11.3%
Oil and Gas Industry Average Movement7.5%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.3%
10% least volatile stocks in NO Market3.8%

Stable Share Price: BWEK is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BWEK's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
20122,101Charles Maltbyhttps://bwek.com

BW Epic Kosan Ltd., together with its subsidiaries, owns and operates a fleet of pressurized gas carriers in Southeast Asia, Europe, West Africa, and the United States. The company operates a fleet of 72 vessels that provide seaborne services for the transportation of liquefied petroleum gas and other specialty gases. It also offers commercial and technical management, and vessel owning and chartering services.

BW Epic Kosan Fundamentals Summary

How do BW Epic Kosan's earnings and revenue compare to its market cap?
BWEK fundamental statistics
Market Capkr3.35b
Earnings (TTM)kr14.08m
Revenue (TTM)kr3.83b

238.1x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BWEK income statement (TTM)
RevenueUS$365.15m
Cost of RevenueUS$238.23m
Gross ProfitUS$126.92m
Other ExpensesUS$125.57m
EarningsUS$1.34m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 29, 2022

Earnings per share (EPS)0.0084
Gross Margin34.76%
Net Profit Margin0.37%
Debt/Equity Ratio90.5%

How did BWEK perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

331%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BWEK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BWEK?

Other financial metrics that can be useful for relative valuation.

BWEK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA8.6x
PEG Ratio1.9x

Price to Sales Ratio vs Peers

How does BWEK's PS Ratio compare to its peers?

BWEK PS Ratio vs Peers
The above table shows the PS ratio for BWEK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.5x
AGAS Avance Gas Holding
1.7x10.3%kr4.3b
OET Okeanis Eco Tankers
2.6x18.1%kr4.6b
HUNT Hunter Group
3.7x23.7%kr1.2b
ALNG Awilco LNG
1.5x2.3%kr917.2m
BWEK BW Epic Kosan
0.9x5.4%kr3.3b

Price-To-Sales vs Peers: BWEK is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (2.5x).


Price to Earnings Ratio vs Industry

How does BWEK's PE Ratio compare vs other companies in the NO Oil and Gas Industry?

Price-To-Sales vs Industry: BWEK is good value based on its Price-To-Sales Ratio (0.9x) compared to the Norwegian Oil and Gas industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is BWEK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BWEK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: BWEK is expensive based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).


Share Price vs Fair Value

What is the Fair Price of BWEK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BWEK (NOK21) is trading below our estimate of fair value (NOK67.76)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is BW Epic Kosan forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


124.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BWEK's forecast earnings growth (124.1% per year) is above the savings rate (1.1%).

Earnings vs Market: BWEK's earnings (124.1% per year) are forecast to grow faster than the Norwegian market (-2.8% per year).

High Growth Earnings: BWEK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BWEK's revenue (5.4% per year) is forecast to grow faster than the Norwegian market (0.4% per year).

High Growth Revenue: BWEK's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BWEK's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has BW Epic Kosan performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


73.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BWEK has a large one-off loss of $16.5M impacting its June 30 2022 financial results.

Growing Profit Margin: BWEK's current net profit margins (0.4%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: BWEK has become profitable over the past 5 years, growing earnings by 73.9% per year.

Accelerating Growth: BWEK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BWEK had negative earnings growth (-85.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (27.2%).


Return on Equity

High ROE: BWEK's Return on Equity (0.3%) is considered low.


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Financial Health

How is BW Epic Kosan's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BWEK's short term assets ($109.2M) do not cover its short term liabilities ($121.0M).

Long Term Liabilities: BWEK's short term assets ($109.2M) do not cover its long term liabilities ($379.6M).


Debt to Equity History and Analysis

Debt Level: BWEK's net debt to equity ratio (83.5%) is considered high.

Reducing Debt: BWEK's debt to equity ratio has reduced from 94.6% to 90.5% over the past 5 years.

Debt Coverage: BWEK's debt is not well covered by operating cash flow (18%).

Interest Coverage: BWEK's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

What is BW Epic Kosan current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.41%

Current Dividend Yield

Dividend Yield vs Market

BW Epic Kosan Dividend Yield vs Market
How does BW Epic Kosan dividend yield compare to the market?
SegmentDividend Yield
Company (BW Epic Kosan)1.4%
Market Bottom 25% (NO)3.8%
Market Top 25% (NO)7.9%
Industry Average (Oil and Gas)6.5%
Analyst forecast in 3 Years (BW Epic Kosan)5.7%

Notable Dividend: BWEK's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the Norwegian market (3.67%).

High Dividend: BWEK's dividend (1.41%) is low compared to the top 25% of dividend payers in the Norwegian market (7.76%).


Stability and Growth of Payments

Stable Dividend: BWEK is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are stable.

Growing Dividend: BWEK is not paying a notable dividend for the Norwegian market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: BWEK is not paying a notable dividend for the Norwegian market.


Cash Payout to Shareholders

Cash Flow Coverage: BWEK is not paying a notable dividend for the Norwegian market.


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Management

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

2.5yrs

Average board tenure


CEO

Charles Maltby (50 yo)

no data

Tenure

Mr. Charles Goodson Maltby serves as Chief Executive Officer at BW Epic Kosan Ltd. (formerly known as Epic Gas Ltd.) and served as its Director since September 17, 2014 until March 11, 2021. Previously, Mr...


Board Members

Experienced Board: BWEK's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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.


Ownership Breakdown

What is the ownership structure of BWEK?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders396,5000.2%
General Public159,070,53399.8%

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


Top Shareholders

Top 1 shareholders own 0.25% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.25%
Christopher Buttery
396,500$8.3m0%no data

Company Information

BW Epic Kosan Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: BW Epic Kosan Ltd.
  • Ticker: BWEK
  • Exchange: OB
  • Founded: 2012
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: kr3.349b
  • Shares outstanding: 159.47m
  • Website: https://bwek.com

Number of Employees


Location

  • BW Epic Kosan Ltd.
  • No 17-01, Mapletree Business city
  • 10 Pasir Panjang Road
  • Singapore
  • 117438
  • Singapore


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWEKOB (Oslo Bors)YesCommon StockNONOKFeb 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.