企業概要
StealthGas Inc. operates within the Industrials sector, specifically serving the Marine Shipping industry by providing seaborne transportation services for liquefied petroleum gas (LPG) to global producers and users. The company utilizes a fleet of LPG carriers to transport various petroleum gas products in their liquefied form, including propane, butane, butadiene, isopropane, propylene, and other similar commodities. As of the latest data, the enterprise holds a market capitalization of $352.29M and reported annual revenue of $173.16M over the trailing twelve months. Although the specific employee count is not disclosed in the available records, the revenue figure indicates that the company maintains a significant operational scale within the specialized LPG shipping niche. These valuation metrics suggest that StealthGas is a mid-sized player in the maritime logistics sector, possessing a substantial asset base relative to its peer group in the industrial shipping domain.
財務健全性
The company reported revenue of $173.16M, net income of $60.65M, and EBITDA of $80.34M for the trailing twelve months. The substantial gap between revenue and net income reveals a highly efficient cost structure where operating expenses and taxes consume approximately 12.8% of total revenue, leaving a robust bottom line. However, the free cash flow stands at -$22,048,366, which indicates a temporary divergence between accounting profits and actual cash generation, likely due to significant capital expenditures or timing differences in working capital requirements that impact financial flexibility. Profitability is evidenced by a gross margin of 53.8%, an operating margin of 25.8%, and a profit margin of 35.0%, all of which demonstrate strong pricing power and operational leverage inherent in the shipping business. The balance sheet is exceptionally conservative, evidenced by cash holdings of $99.08M compared to total debt of $104,801, resulting in a debt-to-equity ratio of 0.01. This minimal leverage implies that the company is not financially constrained by interest obligations and retains significant capacity to weather market downturns. Furthermore, the current ratio of 9.30 highlights an abundant level of short-term liquidity, ensuring the firm can easily meet its immediate obligations. Return on Equity is 9.2% while Return on Assets is 4.8%, metrics that reveal management is generating moderate returns on shareholder capital and utilizing assets efficiently relative to the capital-intensive nature of the marine shipping industry.
バリュエーション評価
Valuation multiples show a trailing P/E ratio of 5.78 and a forward P/E of 6.28, suggesting that the market expects earnings to grow slightly faster in the coming year, as the forward multiple is marginally higher than the historical average. The price-to-book ratio is 0.50, indicating that the stock trades at half its book value, which often suggests the market values the intangible aspects of the business or potential future earnings power below the current net asset value. Alternative valuation metrics include a price-to-sales ratio of 2.03 and an EV/EBITDA of 3.03, figures that suggest the stock is priced attractively relative to both sales volume and earnings before interest, taxes, depreciation, and amortization. In terms of price momentum, the 52-week high is $10.52 and the 52-week low is $4.90, providing a clear range within which the current trading price must be situated to assess relative value against recent volatility. The beta value is 0.20, which signifies that the stock's price volatility is significantly lower than the broader market, making it a low-correlation asset for portfolios seeking stability in the industrial sector.
Growth & Income
Revenue growth year-over-year is -9.4%, while earnings growth year-over-year is 4.5%, indicating that profitability is expanding even as top-line revenue contracts, likely due to improved operational efficiency or margin expansion in the face of lower volumes. The company does not pay a dividend, as indicated by a dividend yield of N/A and a payout ratio of 0.0%, meaning that all earnings are retained within the business rather than distributed to shareholders. This reinvestment strategy implies that management prioritizes capital allocation toward fleet expansion, maintenance, or debt reduction to fuel organic growth rather than providing immediate cash returns to investors. Overall, the growth and income profile is characterized by a decoupling of earnings growth from revenue decline, supported by a non-dividend policy that emphasizes long-term capital appreciation and operational resilience over current income generation.