GasLog
Market Cap
US$249.7m
Last Updated
2020/04/04 08:12 UTC
Data Sources
Company Financials +
Executive Summary
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies.
Rewards
Risk Analysis
Dividend of 31.61% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has GasLog's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GLOG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-15.5%
GLOG
6.5%
US Oil and Gas
-2.0%
US Market
1 Year Return
-81.3%
GLOG
-54.6%
US Oil and Gas
-15.1%
US Market
Return vs Industry: GLOG underperformed the US Oil and Gas industry which returned -54.6% over the past year.
Return vs Market: GLOG underperformed the US Market which returned -15.1% over the past year.
Shareholder returns
| GLOG | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.5% | 6.5% | -2.0% |
| 30 Day | -36.2% | -32.4% | -19.7% |
| 90 Day | -67.3% | -49.3% | -23.2% |
| 1 Year | -79.3%-81.3% | -52.8%-54.6% | -13.4%-15.1% |
| 3 Year | -74.4%-78.8% | -49.1%-54.1% | 10.9%3.7% |
| 5 Year | -81.1%-85.5% | -53.2%-60.4% | 28.4%14.4% |
Price Volatility Vs. Market
How volatile is GasLog's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does GasLog Ltd. (NYSE:GLOG) Have A Volatile Share Price?1 month ago | Simply Wall St
GasLog (NYSE:GLOG) Seems To Be Using An Awful Lot Of Debt2 months ago | Simply Wall St
How Much Are GasLog Ltd. (NYSE:GLOG) Insiders Spending On Buying Shares?Valuation
Is GasLog 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: GLOG ($3.1) is trading below our estimate of fair value ($7.13)
Significantly Below Fair Value: GLOG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GLOG is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: GLOG is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GLOG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GLOG is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.5x).
Next Steps
Future Growth
How is GasLog forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
96.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GLOG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: GLOG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GLOG's is expected to become profitable in the next 3 years.
Revenue vs Market: GLOG's revenue (5.3% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: GLOG's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GLOG's Return on Equity is forecast to be low in 3 years time (6.2%).
Next Steps
Past Performance
How has GasLog performed over the past 5 years?
-31.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GLOG is currently unprofitable.
Growing Profit Margin: GLOG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GLOG is unprofitable, and losses have increased over the past 5 years at a rate of -31.6% per year.
Accelerating Growth: Unable to compare GLOG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GLOG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-11.9%).
Return on Equity
High ROE: GLOG has a negative Return on Equity (-7.01%), as it is currently unprofitable.
Next Steps
Financial Health
How is GasLog's financial position?
Financial Position Analysis
Short Term Liabilities: GLOG's short term assets ($315.8M) do not cover its short term liabilities ($437.5M).
Long Term Liabilities: GLOG's short term assets ($315.8M) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: GLOG's debt to equity ratio (190.8%) is considered high.
Reducing Debt: GLOG's debt to equity ratio has increased from 155.8% to 190.8% over the past 5 years.
Balance Sheet
Inventory Level: GLOG has a high level of physical assets or inventory.
Debt Coverage by Assets: GLOG's debt is not covered by short term assets (assets are 0.1x 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: GLOG has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: GLOG has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is GasLog's current dividend yield, its reliability and sustainability?
31.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GLOG's dividend (31.61%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: GLOG's dividend (31.61%) is in the top 25% of dividend payers in the US market (5.71%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, GLOG has been paying a dividend for less than 10 years.
Growing Dividend: GLOG's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: GLOG is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: GLOG's dividends in 3 years are not forecast to be well covered by earnings (106.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Paul Wogan (56yo)
7.25s
Tenure
Mr. Paul A. Wogan has been the Chief Executive Officer of GasLog Ltd. since January 2013. Mr. Wogan serves as Non-Executive Director at Thomas Miller & Co Ltd since December 2018. Mr. Wogan served as the C ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 16.75yrs | no data | 2.06% $5.1m | |
| CEO & Director | 7.25yrs | no data | no data | |
| Chief Financial Officer | 3.08yrs | no data | no data | |
| Chief Operating Officer | 0.58yr | no data | no data | |
| Head of Corporate Finance & Strategic Development | 3.5yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| General Counsel | no data | no data | no data | |
| Head of Human Resources | no data | no data | no data | |
| Head of Internal Audit | no data | no data | no data | |
| Deputy Chief Financial Officer | no data | no data | no data |
3.3yrs
Average Tenure
55.5yo
Average Age
Experienced Management: GLOG's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 16.75yrs | no data | 2.06% $5.1m | |
| CEO & Director | 7.25yrs | no data | no data | |
| Director | 2.92yrs | no data | no data | |
| Independent Director | 8.42yrs | no data | no data | |
| Independent Director | 8.5yrs | no data | 1.17% $2.9m | |
| Independent Director | 3.92yrs | no data | no data | |
| Independent Director | 8.5yrs | no data | no data | |
| Vice Chairman & Senior Independent Director | 3.92yrs | no data | no data | |
| Independent Director | 5.42yrs | no data | no data |
5.4yrs
Average Tenure
64yo
Average Age
Experienced Board: GLOG's board of directors are considered experienced (5.4 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
GasLog Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: GasLog Ltd.
- Ticker: GLOG
- Exchange: NYSE
- Founded: 2003
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$249.698m
- Shares outstanding: 80.55m
- Website: https://www.gaslogltd.com
Number of Employees
Location
- GasLog Ltd.
- 69 Akti Miaouli
- Piraeus
- 18537
- Greece
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GLOG | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 2012 |
| 7GO | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2012 |
| 0U9H | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Mar 2012 |
| GLOG.PRA | NYSE (New York Stock Exchange) | PFD SHS SER A | US | USD | Apr 2015 |
Biography
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of March 2, 2020, it operated a fleet of 28 LNG carriers. GasLog Ltd. was incorporated in 2003 and is based in Piraeus, Greece.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 08:12 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.