GASS Stock Overview
StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.56|
|52 Week High||US$4.18|
|52 Week Low||US$1.91|
|1 Month Change||-20.25%|
|3 Month Change||-17.42%|
|1 Year Change||-6.57%|
|3 Year Change||-13.81%|
|5 Year Change||-26.44%|
|Change since IPO||-81.45%|
Recent News & Updates
StealthGas: Poised To Make Strong Gains Only If Market Conditions Cooperate
Summary StealthGas announces a very strong set of Q2 numbers. Although management will continue to try to book fixed charters, the market will be looking beyond this. The China & Ukraine situations remain big wildcards when trying to ascertain LPG demand going forward. Intro We wrote about StealthGas Inc. (GASS) post the company's first-quarter earnings in June of this year where we witnessed a meaningful increase in the company's earnings. Unfortunately, shares were not able to push on post the announcement and presently find themselves roughly 30% down since the first quarter earnings print. StealthGas Inc. is a classic value play where investors need to continue to remain ultra patient to have the opportunity to realize some meaningful gains with this play. Just look at the technical chart. Shares for the most part have been trading in a narrow enough range for more than two years now. Furthermore, the stock's latest down move means StealthGas' 50 week moving average (200-day moving average) is currently being tested. Suffice it to say, if this key support level is breached here shortly, shares could easily revert to their 2022 lows of under $2 a share. Caution. StealthGas Technical Chart (Stockcharts.com) Q2 Tailwinds Bulls may believe that the chances of this happening are remote especially given the strong earnings results once more in the company's second quarter. The bullish fundamentals we witnessed in the charter market continued into the second quarter and voyage revenues based on a lower running fleet rose by $3 million sequentially in Q2. Furthermore, it is now becoming obvious on the income statement (see below) due to being a core LPG play how costs are changing for the better. The reason being is that net income came in at $12.2 million which was an excellent result compared to past quarters. Although the upcoming third quarter is seasonally weaker ($0.15 per share GAAP Estimate), bottom line earnings are still expected to grow by well over 100% this year. This trend obviously will have ramifications with respect to strengthening the balance sheet, generating cash flow, and potentially growing the company faster than in previous times. In fact, given the company's bullish trends in Q2, value investors may be tempted to get long at this juncture due to how cheap StealthGas' shares presently are. Shares now trade with a forward GAAP multiple of 3.95, a forward sales multiple of 0.7, an ultra-low book multiple of 0.2, and a trailing cash flow multiple of 1.98. Furthermore, StealthGas' trailing operating margins come in close to the 20% mark (28% higher than the historic average) which again demonstrates how profitability continues to improve in the company. StealthGas Income Statement Post Q2 Earnings (Seeking Alpha) Forward-Looking Risks We live though in extraordinary times which is why we will continue to take our read off the company's share-price action on the technical chart (since this is a summation of the shipper's known fundamentals). The reason for our caution is self-explanatory. StealthGas operates in a very open industry where any one of multiple external factors could easily derail operations quite significantly.
StealthGas Q2 2022 Earnings Preview
StealthGas (NASDAQ:GASS) is scheduled to announce Q2 earnings results on Wednesday, August 24th, before market open. The consensus EPS Estimate is $0.18 (+38.5% Y/Y) and the consensus Revenue Estimate is $36.2M (-7.7% Y/Y). Over the last 2 years, GASS has beaten EPS estimates 75% of the time and has beaten revenue estimates 100% of the time.
StealthGas (NASDAQ:GASS) Use Of Debt Could Be Considered Risky
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|GASS||US Oil and Gas||US Market|
Return vs Industry: GASS underperformed the US Oil and Gas industry which returned 36.6% over the past year.
Return vs Market: GASS exceeded the US Market which returned -21.5% over the past year.
|GASS Average Weekly Movement||10.0%|
|Oil and Gas Industry Average Movement||8.1%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: GASS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: GASS's weekly volatility (10%) has been stable over the past year.
About the Company
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 natural gas. 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.
StealthGas Fundamentals Summary
|GASS fundamental statistics|
Is GASS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GASS income statement (TTM)|
|Cost of Revenue||US$78.23m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.46|
|Net Profit Margin||-11.90%|
How did GASS perform over the long term?See historical performance and comparison
Is GASS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GASS?
Other financial metrics that can be useful for relative valuation.
|What is GASS's n/a Ratio?|
Price to Sales Ratio vs Peers
How does GASS's PS Ratio compare to its peers?
|GASS PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
DLNG Dynagas LNG Partners
MMLP Martin Midstream Partners
USDP USD Partners
SMLP Summit Midstream Partners
Price-To-Sales vs Peers: GASS is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.9x).
Price to Earnings Ratio vs Industry
How does GASS's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Sales vs Industry: GASS is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Oil and Gas industry average (1.5x)
Price to Sales Ratio vs Fair Ratio
What is GASS'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.
|Current PS Ratio||0.7x|
|Fair PS Ratio||1x|
Price-To-Sales vs Fair Ratio: GASS is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1x).
Share Price vs Fair Value
What is the Fair Price of GASS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GASS ($2.56) is trading below our estimate of fair value ($4.33)
Significantly Below Fair Value: GASS 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.
Discover undervalued companies
How is StealthGas forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GASS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: GASS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GASS is expected to become profitable in the next 3 years.
Revenue vs Market: GASS's revenue (1.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GASS's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GASS's Return on Equity is forecast to be low in 3 years time (6.2%).
Discover growth companies
How has StealthGas performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GASS is currently unprofitable.
Growing Profit Margin: GASS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GASS is unprofitable, and losses have increased over the past 5 years at a rate of 9% per year.
Accelerating Growth: Unable to compare GASS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GASS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (184.6%).
Return on Equity
High ROE: GASS has a negative Return on Equity (-3.57%), as it is currently unprofitable.
Discover strong past performing companies
How is StealthGas's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: GASS's short term assets ($89.7M) exceed its short term liabilities ($51.7M).
Long Term Liabilities: GASS's short term assets ($89.7M) do not cover its long term liabilities ($264.9M).
Debt to Equity History and Analysis
Debt Level: GASS's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: GASS's debt to equity ratio has reduced from 71.1% to 59.5% over the past 5 years.
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: Whilst unprofitable GASS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GASS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 44.6% per year.
Discover healthy companies
What is StealthGas's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|StealthGas Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Oil and Gas)||5.0%|
|Analyst forecast in 3 Years (StealthGas)||n/a|
Notable Dividend: Unable to evaluate GASS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GASS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GASS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GASS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GASS has not reported any payouts.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Harry Vafias (44 yo)
Mr. Harry N. Vafias has been a member of the Board of Directors and Chief Executive Officer and President of Imperial Petroleum since its inception on May 14, 2021. He has been the Chief Executive Officer...
Experienced Board: GASS's board of directors are seasoned and experienced ( 17.1 years average tenure).
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
StealthGas Inc.'s employee growth, exchange listings and data sources
- Name: StealthGas Inc.
- Ticker: GASS
- Exchange: NasdaqGS
- Founded: 2004
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$97.798m
- Shares outstanding: 38.20m
- Website: https://www.stealthgas.com
- StealthGas Inc.
- 331 Kifissias Avenue
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GASS||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Oct 2005|
|S6W||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 2005|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.