NYSE:NVGS

Stock Analysis Report

Executive Summary

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide.


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NVGS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-17.1%

NVGS

-16.2%

US Oil and Gas

-10.6%

US Market


1 Year Return

-14.1%

NVGS

-32.6%

US Oil and Gas

5.2%

US Market

Return vs Industry: NVGS exceeded the US Oil and Gas industry which returned -32.6% over the past year.

Return vs Market: NVGS underperformed the US Market which returned 5.2% over the past year.


Shareholder returns

NVGSIndustryMarket
7 Day-17.1%-16.2%-10.6%
30 Day-25.1%-18.5%-8.5%
90 Day-22.5%-21.1%-4.6%
1 Year-14.1%-14.1%-30.0%-32.6%7.4%5.2%
3 Year-34.3%-34.3%-27.6%-34.4%31.7%23.2%
5 Year-50.9%-50.9%-29.5%-40.3%56.4%39.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Navigator Holdings 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: NVGS ($9.33) is trading below our estimate of fair value ($72.92)

Significantly Below Fair Value: NVGS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NVGS is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: NVGS 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 NVGS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NVGS is good value based on its PB Ratio (0.6x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

122.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NVGS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: NVGS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NVGS's is expected to become profitable in the next 3 years.

Revenue vs Market: NVGS's revenue (9.7% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: NVGS's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NVGS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Navigator Holdings performed over the past 5 years?

-59.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NVGS is currently unprofitable.

Growing Profit Margin: NVGS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NVGS is unprofitable, and losses have increased over the past 5 years at a rate of -59.9% per year.

Accelerating Growth: Unable to compare NVGS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NVGS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-21.9%).


Return on Equity

High ROE: NVGS has a negative Return on Equity (-1.89%), as it is currently unprofitable.


Next Steps

Financial Health

How is Navigator Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: NVGS's short term assets ($112.8M) exceed its short term liabilities ($108.8M).

Long Term Liabilities: NVGS's short term assets ($112.8M) do not cover its long term liabilities ($813.5M).


Debt to Equity History and Analysis

Debt Level: NVGS's debt to equity ratio (92.9%) is considered high.

Reducing Debt: NVGS's debt to equity ratio has increased from 56.3% to 92.9% over the past 5 years.


Balance Sheet

Inventory Level: NVGS has a high level of physical assets or inventory.

Debt Coverage by Assets: NVGS'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: NVGS has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: NVGS has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NVGS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NVGS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NVGS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NVGS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NVGS is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NVGS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.1yrs

Average management tenure


CEO

Harry Deans (51yo)

0.5yrs

Tenure

Dr. Henry Deans, also known as Harry, Ph.D. (Chem) has been the Chief Executive Officer and Director at Navigator Holdings Ltd since August 22, 2019 and November 28, 2018 respectively. Dr. Deans serves as  ...


Leadership Team

NamePositionTenureCompensationOwnership
David Butters
Executive Chairman11.4yrsno data3.76% $21.0m
Henry Deans
CEO & Director0.5yrsno data0.0090% $50.1k
Niall Nolan
Chief Financial Officer13.5yrsno data0.21% $1.2m
Oeyvind Lindeman
Chief Commercial Officer6.1yrsno data0.020% $114.0k

6.1yrs

Average Tenure

53.5yo

Average Age

Experienced Management: NVGS's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Butters
Executive Chairman11.4yrsno data3.76% $21.0m
Henry Deans
CEO & Director0.5yrsno data0.0090% $50.1k
David D. Kenwright
Independent Director12.9yrsno data0.062% $348.2k
Heiko Fischer
Independent Director8.2yrsno data0.096% $534.5k
Alexander Oetker
Independent Director13.4yrsno data0.0089% $50.0k
Florian Weidinger
Independent Director12.9yrsno data0.056% $313.1k
Harold Malone
Independent Director2.6yrsno data0.0089% $50.0k

11.4yrs

Average Tenure

51yo

Average Age

Experienced Board: NVGS's board of directors are seasoned and experienced ( 11.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Navigator Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Navigator Holdings Ltd.
  • Ticker: NVGS
  • Exchange: NYSE
  • Founded: 1997
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$559.383m
  • Shares outstanding: 55.83m
  • Website: https://www.navigatorgas.com

Number of Employees


Location

  • Navigator Holdings Ltd.
  • The Verde
  • 10 Bressenden Place
  • London
  • Greater London
  • SW1E 5DH
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NVGSNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2007
1NVDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2007

Biography

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of November 13, 2019, it operated a fleet of 38 vessels. The company was founded in 1997 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:04
End of Day Share Price2020/02/27 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.