NYSE:GLOG

Stock Analysis Report

Executive Summary

GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies.

Snowflake

Reasonable growth potential second-rate dividend payer.

Rewards

Trading at 82.4% below its fair value

Revenue is forecast to grow 7.36% per year

Revenue grew by 13.6% over the past year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 6.22% is not well covered by earnings

Highly volatile share price over past 3 months

Profit margins (-7%) are lower than last year (5.6%)



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

-7.8%

GLOG

-1.2%

US Oil and Gas

0.7%

US Market


1 Year Return

-52.1%

GLOG

-13.5%

US Oil and Gas

13.7%

US Market

Return vs Industry: GLOG underperformed the US Oil and Gas industry which returned -13.5% over the past year.

Return vs Market: GLOG underperformed the US Market which returned 13.7% over the past year.


Shareholder returns

GLOGIndustryMarket
7 Day-7.8%-1.2%0.7%
30 Day-30.2%4.1%4.7%
90 Day-21.9%2.7%6.1%
1 Year-48.8%-52.1%-10.4%-13.5%16.2%13.7%
3 Year-32.6%-41.0%-6.4%-15.1%48.8%39.2%
5 Year-44.5%-55.4%-24.0%-34.9%62.5%44.5%

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

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 ($9.64) is trading below our estimate of fair value ($54.73)

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 overvalued based on its PB Ratio (1x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is GasLog forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

81.7%

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 (2.7%).

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 (7.4% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: GLOG's revenue (7.4% 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 (4%).


Next Steps

Past Performance

How has GasLog performed over the past 5 years?

-22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLOG has high quality earnings.

Growing Profit Margin: GLOG's current net profit margins (-7%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: GLOG is unprofitable, and losses have increased over the past 5 years at a rate of -22.6% 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 (-9.9%).


Return on Equity

High ROE: GLOG has a negative Return on Equity (1.88%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is GasLog's financial position?


Financial Position Analysis

Short Term Liabilities: GLOG's short term assets ($247.1M) do not cover its short term liabilities ($309.2M)

Long Term Liabilities: GLOG's short term assets ($247.1M) do not cover its long term liabilities (3.2B)


Debt to Equity History and Analysis

Debt Level: GLOG's debt to equity ratio (168.8%) is considered high.

Reducing Debt: GLOG's debt to equity ratio has increased from 148.6% to 168.8% over the past 5 years.

Debt Coverage: GLOG's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: GLOG is unprofitable, therefore interest payments are not well covered by earnings.


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).


Next Steps

Dividend

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

6.22%

Current Dividend Yield


Dividend Yield vs Market

company6.2%marketbottom25%1.4%markettop25%3.6%industryaverage4.1%forecastin3Years7.0%

Current dividend yield vs market & industry

Notable Dividend: GLOG's dividend (6.22%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: GLOG's dividend (6.22%) is in the top 25% of dividend payers in the US market (3.65%)


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 forecast to be covered by earnings (77.7% payout ratio).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Paul Wogan (56yo)

6.8yrs

Tenure

0

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 ...


Management Age and Tenure

2.9yrs

Average Tenure

56yo

Average Age

Experienced Management: GLOG's management team is considered experienced (2.9 years average tenure).


Board Age and Tenure

5.0yrs

Average Tenure

64yo

Average Age

Experienced Board: GLOG's board of directors are considered experienced (5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$395,10024 Jun 19
Peter Livanos
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares30,000
Max PriceUS$13.17

Ownership Breakdown

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


Management Team

  • Paul Wogan (56yo)

    CEO & Director

    • Tenure: 6.8yrs
  • Peter Livanos (61yo)

    Executive Chairman of the Board

    • Tenure: 16.3yrs
  • Joanne Vranos

    Head of Human Resources

    • Tenure: 0yrs
  • Phil Corbett

    Head of Investor Relations

    • Tenure: 0yrs
  • Nicola Lloyd

    General Counsel

    • Tenure: 0yrs
  • Marc Ollier

    Head of Internal Audit

    • Tenure: 0yrs
  • Alastair McDonald

    Head of Corporate Finance & Strategic Development

    • Tenure: 3.1yrs
  • Stelios Sabanis

    Head of ICT

    • Tenure: 0yrs
  • Alastair Maxwell (55yo)

    Chief Financial Officer

    • Tenure: 2.7yrs
  • Paolo Enoizi

    Chief Operating Officer

    • Tenure: 0.3yrs

Board Members

  • Graham Westgarth (64yo)

    Director

    • Tenure: 2.5yrs
  • Anthony Papadimitriou (63yo)

    Independent Director

    • Tenure: 8yrs
  • Paul Wogan (56yo)

    CEO & Director

    • Tenure: 6.8yrs
  • Bruce Blythe (74yo)

    Independent Director

    • Tenure: 8.1yrs
  • David Conner (71yo)

    Independent Director

    • Tenure: 3.5yrs
  • Peter Livanos (61yo)

    Executive Chairman of the Board

    • Tenure: 16.3yrs
  • Julian Metherell (55yo)

    Independent Director

    • Tenure: 8.1yrs
  • Denny Houston (68yo)

    Vice Chairman & Senior Independent Director

    • Tenure: 3.5yrs
  • Don Kintzer (72yo)

    Independent Director

    • Tenure: 5yrs

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$779.503m
  • Shares outstanding: 80.86m
  • Website: https://www.gaslogltd.com

Number of Employees


Location

  • GasLog Ltd.
  • Gildo Pastor Center
  • 7 Rue du Gabian
  • Monaco
  • 98000
  • Monaco

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLOGNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2012
7GODB (Deutsche Boerse AG)YesCommon StockDEEURMar 2012
0U9HLSE (London Stock Exchange)YesCommon StockGBUSDMar 2012
GLOG.PRANYSE (New York Stock Exchange)PFD SHS SER AUSUSDApr 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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/18 00:32
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
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.