BW LPG Limited (BWLP) vs CMB.TECH nv (CMBT)

BW LPG Limited and CMB.TECH nv are both Oil & Gas Midstream companies. CMB.TECH nv is the larger, with a market value of $5.2B against $3.7B — 1.4× the size. CMB.TECH nv trades at the lower P/E: 3.6× against 8.4×. CMB.TECH nv grew revenue faster over the last twelve months: 133.9% against −0.78%. CMB.TECH nv has the higher net margin (51.1% vs 12.6%) and the lower return on invested capital (0.00% vs 13.9%). Both pay a dividend; BW LPG Limited yields more (10.4% vs 5.33%). Across the 20 metrics below, BW LPG Limited leads on 13 and CMB.TECH nv on 7.

Valuation

Metric BWLP CMBT Oil & Gas Midstream median
P/E 8.40 3.57 12.77
P/S 1.06 2.36 2.36
P/B 1.83 1.60 2.09
Price to free cash flow 5.46 n/m 9.71
EV/EBITDA 5.20 7.47 8.30
EV/Sales 1.21 4.76 3.88
Earnings yield 11.90% 28.00% 7.15%
Free cash flow yield 18.33% (1.70%) 6.86%

Profitability

Metric BWLP CMBT Oil & Gas Midstream median
Gross margin 25.94% 75.42% 56.58%
Operating margin 16.17% 59.23% 34.18%
Net margin 12.64% 51.13% 22.50%
Free cash flow margin 19.52% 0.00% 13.70%
Return on equity 22.47% 0.00% 14.65%
Return on assets 13.16% 0.00% 5.00%
Return on invested capital 13.88% 0.00% 6.13%

Growth

Metric BWLP CMBT Oil & Gas Midstream median
Revenue growth (TTM) (0.78%) 133.89% 15.60%
EPS growth (last fiscal year) (39.39%) (86.26%) (7.86%)
Revenue growth, 5-year CAGR — 8.72% 9.59%
Net income growth, 5-year CAGR — (19.43%) 0.00%

Health

Metric BWLP CMBT Oil & Gas Midstream median
Debt to equity 0.42 1.68 0.78
Current ratio 1.44 1.12 1.19
Net debt to EBITDA 1.07 5.50 3.42

Dividend

Metric BWLP CMBT Oil & Gas Midstream median
Dividend yield 10.37% 5.33% 4.54%
Payout ratio 0.87 0.19 0.76

Size

Metric BWLP CMBT Oil & Gas Midstream median
Market cap 3.72b 5.20b 3.73b

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