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StealthGas

Nasdaq:GASS
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GASS
Nasdaq
$154M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. The last earnings update was 60 days ago. More info.


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GASS Share Price and Events
7 Day Returns
3.8%
NasdaqGS:GASS
-2.9%
US Oil and Gas
-1.2%
US Market
1 Year Returns
4%
NasdaqGS:GASS
-16.9%
US Oil and Gas
3.4%
US Market
GASS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
StealthGas (GASS) 3.8% 20.2% 7.5% 4% 15.9% -63.9%
US Oil and Gas -2.9% -1.3% -8% -16.9% -6.1% -38%
US Market -1.2% 0.7% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • GASS outperformed the Oil and Gas industry which returned -16.9% over the past year.
  • GASS matched the United States of America Market (3.4%) over the past year.
Price Volatility
GASS
Industry
5yr Volatility vs Market

GASS Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of StealthGas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for StealthGas.

NasdaqGS:GASS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 32.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:GASS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 15%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 29%) (262.58%))
2.098
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 14.99%)
32.71%

Discounted Cash Flow Calculation for NasdaqGS:GASS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for StealthGas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:GASS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 32.71%)
2020 52.99 Analyst x1 39.93
2021 42.34 Est @ -20.1% 24.04
2022 36.73 Est @ -13.25% 15.71
2023 33.62 Est @ -8.46% 10.84
2024 31.91 Est @ -5.1% 7.75
2025 31.03 Est @ -2.75% 5.68
2026 30.69 Est @ -1.11% 4.23
2027 30.70 Est @ 0.04% 3.19
2028 30.96 Est @ 0.85% 2.42
2029 31.40 Est @ 1.41% 1.85
Present value of next 10 years cash flows $115.66
NasdaqGS:GASS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $31.40 × (1 + 2.73%) ÷ (32.71% – 2.73%)
$107.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $107.59 ÷ (1 + 32.71%)10
$6.35
NasdaqGS:GASS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $115.66 + $6.35
$122.01
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $122.01 / 39.86
$3.06
NasdaqGS:GASS Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.06
Current discount Discount to share price of $3.87
= -1 x ($3.87 - $3.06) / $3.06
-26.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of StealthGas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for StealthGas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are StealthGas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GASS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.11
NasdaqGS:GASS Share Price ** NasdaqGS (2019-07-19) in USD $3.87
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.61x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of StealthGas.

NasdaqGS:GASS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GASS Share Price ÷ EPS (both in USD)

= 3.87 ÷ -0.11

-34.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • StealthGas is loss making, we can't compare its value to the US Oil and Gas industry average.
  • StealthGas is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does StealthGas's expected growth come at a high price?
Raw Data
NasdaqGS:GASS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -34.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.39x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for StealthGas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on StealthGas's assets?
Raw Data
NasdaqGS:GASS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $14.11
NasdaqGS:GASS Share Price * NasdaqGS (2019-07-19) in USD $3.87
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.06x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.79x
NasdaqGS:GASS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GASS Share Price ÷ Book Value per Share (both in USD)

= 3.87 ÷ 14.11

0.27x

* Primary Listing of StealthGas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • StealthGas is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess StealthGas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. StealthGas has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GASS Future Performance

 How is StealthGas expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is StealthGas expected to grow at an attractive rate?
  • Unable to compare StealthGas's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare StealthGas's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare StealthGas's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GASS Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:GASS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GASS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 53
2019-12-31 43
NasdaqGS:GASS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 163 39 -5
2018-12-31 164 38 -12
2018-09-30 164 48 -6
2018-06-30 160 48 -8
2018-03-31 156 45 -9
2017-12-31 154 52 -1
2017-09-30 153 46 -6
2017-06-30 149 44 -7
2017-03-31 146 37 -6
2016-12-31 144 36 -8
2016-09-30 144 41 -6
2016-06-30 145 37 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if StealthGas is high growth as no earnings estimate data is available.
  • Unable to determine if StealthGas is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:GASS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from StealthGas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GASS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
NasdaqGS:GASS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.11
2018-12-31 -0.31
2018-09-30 -0.16
2018-06-30 -0.19
2018-03-31 -0.23
2017-12-31 -0.03
2017-09-30 -0.16
2017-06-30 -0.17
2017-03-31 -0.16
2016-12-31 -0.20
2016-09-30 -0.16
2016-06-30 -0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if StealthGas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. StealthGas's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. StealthGas's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess StealthGas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
StealthGas has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GASS Past Performance

  How has StealthGas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare StealthGas's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • StealthGas does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare StealthGas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare StealthGas's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
StealthGas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from StealthGas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GASS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 163.08 -4.53 10.40
2018-12-31 164.33 -12.28 10.07
2018-09-30 164.23 -6.21 9.76
2018-06-30 160.05 -7.68 10.06
2018-03-31 155.94 -9.00 9.90
2017-12-31 154.31 -1.22 10.10
2017-09-30 153.36 -6.35 10.37
2017-06-30 149.25 -6.59 10.31
2017-03-31 145.72 -6.43 10.44
2016-12-31 144.13 -7.80 10.46
2016-09-30 144.07 -6.48 10.35
2016-06-30 145.42 -2.93 10.41
2016-03-31 142.11 -2.64 10.22
2015-12-31 141.32 2.55 10.11
2015-09-30 138.90 4.40 10.02
2015-06-30 134.34 4.93 9.42
2015-03-31 133.76 10.86 9.14
2014-12-31 131.97 12.66 8.65
2014-09-30 129.01 19.35 8.41
2014-06-30 127.52 21.93 8.25
2014-03-31 125.92 22.33 7.81
2013-12-31 121.48 21.16 7.62
2013-09-30 120.03 23.40 7.19
2013-06-30 120.65 25.93 7.33
2013-03-31 119.54 28.03 7.21
2012-12-31 119.21 28.95 7.15
2012-09-30 117.51 25.65 7.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if StealthGas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • StealthGas used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if StealthGas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess StealthGas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
StealthGas has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GASS Health

 How is StealthGas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up StealthGas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • StealthGas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • StealthGas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of StealthGas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from StealthGas Company Filings, last reported 3 months ago.

NasdaqGS:GASS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 562.31 403.40 74.80
2018-12-31 561.25 443.78 64.50
2018-09-30 567.97 454.73 64.79
2018-06-30 568.26 472.57 55.67
2018-03-31 568.06 454.33 52.69
2017-12-31 573.48 385.03 51.75
2017-09-30 572.18 398.49 41.30
2017-06-30 574.28 408.58 43.35
2017-03-31 576.18 388.44 50.14
2016-12-31 573.98 398.25 64.99
2016-09-30 576.94 411.43 60.72
2016-06-30 578.82 424.14 71.58
2016-03-31 580.66 421.38 83.91
2015-12-31 583.05 423.14 100.06
2015-09-30 586.89 414.96 76.82
2015-06-30 589.06 327.68 89.84
2015-03-31 592.74 323.63 127.52
2014-12-31 592.39 325.86 129.11
2014-09-30 598.84 358.60 124.01
2014-06-30 563.07 369.59 133.69
2014-03-31 512.21 362.08
2013-12-31 472.59 356.10 86.22
2013-09-30 467.03 358.16 95.86
2013-06-30 462.78 331.27 110.51
2013-03-31 348.54 340.77 42.41
2012-12-31 342.03 351.30 42.27
2012-09-30 334.31 360.21 41.23
  • StealthGas's level of debt (71.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (70.6% vs 71.7% today).
  • Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).
  • StealthGas is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess StealthGas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. StealthGas has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GASS Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from StealthGas dividends.
If you bought $2,000 of StealthGas shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate StealthGas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate StealthGas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:GASS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:GASS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NasdaqGS:GASS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-11-16 0.000 0.000
2010-08-23 0.000 0.000
2010-05-12 0.000 0.000
2010-03-22 0.000 0.000
2009-12-28 0.000 0.000
2009-11-17 0.000 0.000
2009-10-20 0.000 0.000
2009-05-14 0.000 0.000
2009-02-19 0.750 14.685
2008-11-13 0.750 18.334
2008-08-19 0.750 7.670

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as StealthGas has not reported any payouts.
  • Unable to verify if StealthGas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of StealthGas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as StealthGas has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess StealthGas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can StealthGas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. StealthGas has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GASS Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harry Vafias
AGE 41
TENURE AS CEO 14.6 years
CEO Bio

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 involved in the tanker and gas shipping industry since 1999. He served as an Interim Chief Financial Officer of StealthGas, Inc. since February 2014. He worked at Braemar, where he gained extensive experience in tanker and dry cargo chartering. He commenced working at Seascope. From 2000 to 2004, he worked at Brave Maritime and Stealth Maritime, where he headed the Operations and Chartering departments of Stealth Maritime. He served as Manager for the Sale and Purchase departments of both Brave Maritime and Stealth Maritime. He has been a Non-Independent Director of StealthGas, Inc. since December 2004. Mr. Vafias graduated from City University Business School in the City of London in 1999 with a B.A. in Management Science and from Metropolitan University in 2000 with a Masters degree in Shipping, Trade and Transport.

CEO Compensation
  • Insufficient data for Harry to compare compensation growth.
  • Insufficient data for Harry to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Harry Vafias

TITLE
President
AGE
41
TENURE
14.6 yrs

Diamantis Andriotis

TITLE
Chief Technical Officer
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure and age of the StealthGas board of directors in years:

13.3
Average Tenure
53
Average Age
  • The average tenure for the StealthGas board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Michael Jolliffe

TITLE
Chairman of the Board
AGE
69
TENURE
15.5 yrs

Harry Vafias

TITLE
President
AGE
41
TENURE
14.6 yrs

Lambros Babilis

TITLE
Deputy Chairman
AGE
51
TENURE
11.7 yrs

Markos Drakos

TITLE
Independent Director
AGE
59
TENURE
13.3 yrs

John Kostoyannis

TITLE
Independent Director
AGE
53
TENURE
8.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Jul 19 Buy Glendon Capital Management L.P. Company 27. Jun 19 01. Jul 19 95,627 $3.50 $326,965
21. Mar 19 Buy Glendon Capital Management L.P. Company 19. Mar 19 19. Mar 19 422,065 $3.30 $1,392,815
15. Mar 19 Buy Glendon Capital Management L.P. Company 14. Mar 19 15. Mar 19 8,200 $3.05 $25,006
13. Mar 19 Buy Glendon Capital Management L.P. Company 11. Mar 19 13. Mar 19 20,000 $3.09 $61,797
09. Mar 19 Buy Glendon Capital Management L.P. Company 06. Mar 19 08. Mar 19 499,536 $3.20 $1,598,843
07. Mar 19 Buy Glendon Capital Management L.P. Company 04. Mar 19 05. Mar 19 29,998 $3.25 $97,394
02. Mar 19 Buy Glendon Capital Management L.P. Company 28. Feb 19 28. Feb 19 50,000 $3.29 $164,520
28. Feb 19 Buy Glendon Capital Management L.P. Company 25. Feb 19 26. Feb 19 44,473 $3.35 $148,962
23. Feb 19 Buy Glendon Capital Management L.P. Company 21. Feb 19 22. Feb 19 148,510 $3.30 $478,379
20. Feb 19 Buy Glendon Capital Management L.P. Company 15. Feb 19 20. Feb 19 60,500 $3.44 $203,879
04. Jan 19 Buy Glendon Capital Management L.P. Company 31. Dec 18 31. Dec 18 900 $2.74 $2,466
19. Dec 18 Buy Glendon Capital Management L.P. Company 17. Dec 18 17. Dec 18 7,500 $3.14 $23,586
14. Dec 18 Buy Glendon Capital Management L.P. Company 12. Dec 18 12. Dec 18 3,200 $3.35 $10,717
12. Dec 18 Buy Glendon Capital Management L.P. Company 10. Dec 18 11. Dec 18 11,200 $3.34 $37,300
08. Dec 18 Buy Glendon Capital Management L.P. Company 06. Dec 18 07. Dec 18 14,000 $3.32 $46,459
05. Dec 18 Buy Glendon Capital Management L.P. Company 03. Dec 18 04. Dec 18 8,500 $3.50 $29,550
01. Dec 18 Buy Glendon Capital Management L.P. Company 28. Nov 18 29. Nov 18 15,800 $3.59 $56,530
28. Nov 18 Buy Glendon Capital Management L.P. Company 26. Nov 18 27. Nov 18 5,900 $3.60 $21,228
27. Nov 18 Buy Glendon Capital Management L.P. Company 23. Nov 18 23. Nov 18 1,990 $3.30 $6,571
21. Nov 18 Buy Glendon Capital Management L.P. Company 19. Nov 18 21. Nov 18 13,300 $3.38 $44,287
16. Nov 18 Buy Glendon Capital Management L.P. Company 14. Nov 18 16. Nov 18 6,196 $3.49 $21,565
13. Nov 18 Buy Glendon Capital Management L.P. Company 12. Nov 18 13. Nov 18 37,257 $3.49 $130,063
09. Nov 18 Buy Glendon Capital Management L.P. Company 07. Nov 18 09. Nov 18 18,914 $3.45 $64,767
07. Nov 18 Buy Glendon Capital Management L.P. Company 05. Nov 18 06. Nov 18 10,387 $3.42 $35,449
02. Nov 18 Buy Glendon Capital Management L.P. Company 31. Oct 18 31. Oct 18 3,370 $3.34 $11,268
30. Oct 18 Buy Glendon Capital Management L.P. Company 29. Oct 18 30. Oct 18 23,200 $3.39 $77,938
26. Oct 18 Buy Glendon Capital Management L.P. Company 24. Oct 18 26. Oct 18 63,696 $3.45 $217,944
23. Oct 18 Buy Glendon Capital Management L.P. Company 19. Oct 18 23. Oct 18 92,000 $3.49 $319,833
16. Oct 18 Buy Glendon Capital Management L.P. Company 12. Oct 18 16. Oct 18 783,329 $3.47 $2,697,814
X
Management checks
We assess StealthGas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. StealthGas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GASS News

Simply Wall St News

Is StealthGas (NASDAQ:GASS) Using Too Much Debt?

When we think about a company's use of debt, we first look at cash and debt together. … Since StealthGas does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … While we wouldn't blink an eye at StealthGas's net debt to EBITDA ratio of 4.95, we think its super-low interest cover of 1.14 times is a bad sign.

Simply Wall St -

One Thing To Remember About The StealthGas Inc. (NASDAQ:GASS) Share Price

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market. … If this beta value holds true in the future, StealthGas shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down.

Simply Wall St -

Did Changing Sentiment Drive StealthGas's (NASDAQ:GASS) Share Price Down A Worrying 70%?

Given that StealthGas didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.

Simply Wall St -

Do Insiders Own Shares In StealthGas Inc. (NASDAQ:GASS)?

A look at the shareholders of StealthGas Inc. … With a market capitalization of US$132m, StealthGas is a small cap stock, so it might not be well known by many institutional investors. … institutional investors have bought into the company

Simply Wall St -

What Investors Should Know About StealthGas Inc.'s (NASDAQ:GASS) Financial Strength

(NASDAQ:GASS) is a small-cap stock with a market capitalization of US$120m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Can We See Significant Insider Ownership On The StealthGas Inc (NASDAQ:GASS) Share Register?

Every investor in StealthGas Inc (NASDAQ:GASS) should be aware of the most powerful shareholder groups. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Let's take a closer look to see what the different types of shareholder can tell us about GASS

Simply Wall St -

StealthGas Inc (NASDAQ:GASS): Time For A Financial Health Check

While small-cap stocks, such as StealthGas Inc (NASDAQ:GASS) with its market cap of US$136m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Who Are The Major Shareholders In StealthGas Inc (NASDAQ:GASS)?

In this analysis, my focus will be on developing a perspective on StealthGas Inc’s (NASDAQ:GASS) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

StealthGas Inc (NASDAQ:GASS): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like StealthGas Inc (NASDAQ:GASS), with a market cap of US$152.27m. … However, an important fact which most ignore is: how financially healthy is the business? … in particular ones that run negative earnings,

Simply Wall St -

How StealthGas Inc (NASDAQ:GASS) Can Impact Your Portfolio Volatility

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … According to this value of beta, GASS may be a stock for investors with a portfolio mainly made up of low-beta stocks. … A market capitalisation of US$163.23M puts GASS in the category of small-cap stocks, which tends to possess higher beta than larger companies.

Simply Wall St -

GASS Company Info

Description

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 May 23, 2019, it had a fleet of 48 vessels comprising 44 LPG carriers with a total capacity of 298,099 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.

Details
Name: StealthGas Inc.
GASS
Exchange: NasdaqGS
Founded: 2004
$154,260,378
39,860,563
Website: http://www.stealthgas.com
Address: StealthGas Inc.
331 Kifissias Avenue,
Erithrea,
Athens,
14561,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GASS Common Shares Nasdaq Global Select US USD 06. Oct 2005
DB S6W Common Shares Deutsche Boerse AG DE EUR 06. Oct 2005
Number of employees
Current staff
Staff numbers
0
StealthGas employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 02:46
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/05/23
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.