BW LPG Limited
Financial ratios & Valuation

Historical Multiples (2016 – 2023)

2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
24.15-13.63-9.334.313.744.134.604.333.043.74
Price/Sales ratio
1.151.181.271.441.020.630.680.690.441.02
Price/Book Value ratio
0.510.540.631.000.720.550.701.380.950.95
Price/Cash Flow ratio
2.7720.1314.603.712.132.852.223.962.122.13
Price/Free Cash Flow ratio
-31.11-9.6519.673.832.579.002.455.132.942.57
Price/Earnings Growth ratio
N/A0.04-0.15-0.00-1.85-0.120.170.030.03-0.00
Dividend Yield
17.88%N/AN/A5.04%15.25%12.68%11.85%19.92%26.52%5.04%
Profitability Indicator Ratios
Gross Profit Margin
60.65%42.31%38.37%51.51%49.07%24.79%26.19%17.46%18.58%49.07%
Operating Profit Margin
22.01%-1.51%0.65%33.08%30.79%12.17%15.84%17.76%15.07%30.79%
Pretax Profit Margin
4.71%-8.88%-13.67%33.43%29.47%14.89%15.38%17.09%15.46%29.47%
Net Profit Margin
4.79%-8.68%-13.68%33.50%27.32%15.28%14.87%15.94%13.08%27.32%
Effective Tax Rate
0.97%-1.24%-0.24%0.85%0.20%0.28%0.44%2.17%6.80%0.85%
Return on Assets
0.91%-1.75%-2.96%10.75%10.09%7.82%8.84%18.64%18.76%10.75%
Return On Equity
2.13%-4.03%-6.82%23.29%19.48%13.48%15.33%31.97%31.56%23.29%
Return on Capital Employed
5.18%-0.34%0.15%11.88%12.72%6.87%11.66%28.08%29.15%11.88%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/A1.33N/A
Quick Ratio
0.300.840.921.281.401.811.221.051.161.40
Cash ratio
0.160.180.280.410.350.600.570.430.470.41
Days of Sales Outstanding
38.2653.8751.8076.5167.9151.1640.2334.1727.1267.91
Days of Inventory outstanding
23.8124.7333.8337.4112.0921.8844.1728.2914.1412.09
Operating Cycle
62.0778.6085.63113.9280.0073.0484.4162.4741.2780.00
Days of Payables Outstanding
53.536.207.516.865.1515.4853.6733.3120.936.86
Cash Conversion Cycle
8.5472.4078.12107.0574.8457.5630.7429.1620.3374.84
Debt Ratios
Debt Ratio
0.540.540.540.410.350.310.180.160.140.35
Debt Equity Ratio
1.261.251.250.900.680.540.320.280.240.68
Long-term Debt to Capitalization
0.460.500.520.430.360.320.190.110.090.36
Total Debt to Capitalization
0.550.550.550.470.400.350.240.210.190.40
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A27.81N/A
Cash Flow to Debt Ratio
0.140.020.030.290.490.360.981.241.850.29
Company Equity Multiplier
2.332.292.292.161.931.721.731.711.671.93
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.410.050.080.380.470.220.300.170.180.47
Free Cash Flow / Operating Cash Flow Ratio
-0.08-2.080.740.960.820.310.900.770.810.82
Cash Flow Coverage Ratio
0.140.020.030.290.490.360.981.241.850.29
Short Term Coverage Ratio
0.480.110.312.253.363.244.062.413.282.25
Dividend Payout Ratio
432.02%N/AN/A21.76%57.08%52.43%54.65%86.28%93.37%21.76%