OB:BWLPG

Stock Analysis Report

Executive Summary

BW LPG Limited, an investment holding company, engages in shipowning and chartering activities worldwide.

Snowflake

Fundamentals

Moderate growth potential and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

12.8%

OB:BWLPG

-2.1%

NO Oil and Gas

-1.6%

NO Market


1 Year Return

17.6%

OB:BWLPG

-28.6%

NO Oil and Gas

-14.3%

NO Market

BWLPG outperformed the Oil and Gas industry which returned -28.6% over the past year.

BWLPG outperformed the Market in Norway which returned -14.3% over the past year.


Share holder returns

BWLPGIndustryMarket
7 Day12.8%-2.1%-1.6%
30 Day1.8%-9.6%-4.9%
90 Day9.3%-19.8%-8.3%
1 Year17.6%17.6%-25.6%-28.6%-9.6%-14.3%
3 Year52.6%48.2%30.4%16.0%36.7%19.1%
5 Year-19.7%-49.5%12.9%-9.3%37.0%6.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is BWG undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

BWG's share price is below the future cash flow value, and at a moderate discount (> 20%).

BWG's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

BWG is loss making, we can't compare its value to the NO Oil and Gas industry average.

BWG is loss making, we can't compare the value of its earnings to the Norway market.


Price Based on Expected Growth

Unable to calculate PEG ratio for BWG, we can't assess if its growth is good value.


Price Based on Value of Assets

BWG is overvalued based on assets compared to the NO Oil and Gas industry average.


Next Steps

Future Growth

How is BWG expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

44.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BWG's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).

BWG's earnings are expected to grow significantly at over 20% yearly.

BWG's revenue growth is positive but not above the Norway market average.

BWG's earnings growth is expected to exceed the Norway market average.

BWG's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

BWG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has BWG performed over the past 5 years?

-56.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

BWG does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare BWG's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare BWG's 1-year growth to the NO Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if BWG has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if BWG has efficiently used its assets last year compared to the NO Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if BWG improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is BWG's financial position?


Financial Position Analysis

BWG's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

BWG's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

BWG's level of debt (126.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (48% vs 126.9% today).

Debt is not well covered by operating cash flow (7.2%, less than 20% of total debt).

Unable to confirm if the interest payments on BWG's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

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

4.74%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate BWG's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate BWG's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as BWG has not reported any payouts.

Unable to verify if BWG's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as BWG has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4x coverage).


Next Steps

Management

What is the CEO of BWG's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Martin Ackermann (42yo)

4.0yrs

Tenure

0

Mr. Martin Ackermann has been the Chief Executive Officer of BW LPG Limited since August 01, 2015. Mr. Ackermann served as the Chief Executive Officer of Evergas A/S (also known as Eitzen Gas A/S) from 200 ...


Management Age and Tenure

4.0yrs

Average Tenure

43yo

Average Age

The tenure for the BWG management team is about average.


Board Age and Tenure

5.8yrs

Average Tenure

58yo

Average Age

The tenure for the BWG board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$748,42230 Jan 19
Martin Ackermann
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares30,000
Max PriceUS$24.95
BuyUS$2,830,65428 Jan 19
Sohmen Family Foundation
EntityCompany
Shares112,098
Max PriceUS$25.25
BuyUS$5,259,03817 Jan 19
Sohmen Family Foundation
EntityCompany
Shares206,517
Max PriceUS$25.47
BuyUS$12,907,90015 Jan 19
Sohmen Family Foundation
EntityCompany
Shares500,000
Max PriceUS$25.82
BuyUS$39,171,44221 Dec 18
Sohmen Family Foundation
EntityCompany
Shares1,400,000
Max PriceUS$27.98
BuyUS$25,065,20120 Dec 18
Sohmen Family Foundation
EntityCompany
Shares907,732
Max PriceUS$27.61
BuyUS$17,706,77719 Dec 18
Sohmen Family Foundation
EntityCompany
Shares636,440
Max PriceUS$27.82
BuyUS$3,834,84918 Dec 18
Sohmen Family Foundation
EntityCompany
Shares137,000
Max PriceUS$27.99
BuyUS$1,029,90001 Sep 18
Niels Rigault
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Commercial
Shares30,000
Max PriceUS$34.33

Ownership Breakdown


Management Team

  • Martin Ackermann (42yo)

    Chief Executive Officer

    • Tenure: 4.0yrs
  • Elaine Ong (47yo)

    Chief Financial Officer

    • Tenure: 4.1yrs
  • Pontus Berg (43yo)

    Executive Vice President of Technical & Operations

    • Tenure: 4.3yrs
  • Niels Rigault (43yo)

    Executive Vice President of Commercial

    • Tenure: 3.2yrs
  • Iver Baatvik

    Head of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Anders Onarheim (60yo)

    Director

    • Tenure: 5.8yrs
  • Andreas Sohmen-Pao (48yo)

    Chairman of the Board

    • Tenure: 5.9yrs
  • Anne Dalane (59yo)

    Director

    • Tenure: 5.8yrs
  • John Harrison (63yo)

    Vice Chairman

    • Tenure: 5.8yrs
  • Martha Kold Bakkevig (57yo)

    Director

    • Tenure: 2.0yrs
  • Andreas Beroutsos (54yo)

    Director

    • Tenure: 5.8yrs

Company Information

BW LPG Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BW LPG Limited
  • Ticker: BWLPG
  • Exchange: OB
  • Founded: 1935
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: kr5.706b
  • Shares outstanding: 138.62m
  • Website: https://www.bwlpg.com

Number of Employees


Location

  • BW LPG Limited
  • 10 Pasir Panjang Road
  • No. 17-02, Mapletree Business City
  • Singapore
  • 117438
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWLPGOB (Oslo Bors)YesOrdinary SharesNONOKNov 2013
BW9DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2013
0QIXLSE (London Stock Exchange)YesOrdinary SharesGBNOKNov 2013
BWLL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2013
BWLPGOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKNov 2013
BWLL.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDMay 2014

Biography

BW LPG Limited, an investment holding company, engages in shipowning and chartering activities worldwide. It operates through two segements, Very Large Gas Carriers (VLGCs) and Large Gas Carriers (LGCs). T ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 22:21
End of Day Share Price2019/08/19 00:00
Earnings2019/03/31
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.