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 $4.8B against $3.3B — 1.5× the size. CMB.TECH nv trades at the lower P/E: 3.4× against 7.4×. 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 (11.8% vs 5.55%). 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 7.38 3.43 11.68
P/S 0.94 2.27 2.39
P/B 1.61 1.54 1.68
Price to free cash flow 4.79 n/m 8.52
EV/EBITDA 4.64 7.33 9.03
EV/Sales 1.08 4.67 3.43
Earnings yield 13.55% 29.13% 7.78%
Free cash flow yield 20.87% (1.77%) 7.11%

Profitability

Metric BWLP CMBT Oil & Gas Midstream median
Gross margin 25.94% 75.42% 54.87%
Operating margin 16.17% 59.23% 34.73%
Net margin 12.64% 51.13% 20.12%
Free cash flow margin 19.52% 0.00% 14.43%
Return on equity 22.47% 0.00% 11.73%
Return on assets 13.16% 0.00% 4.43%
Return on invested capital 13.88% 0.00% 6.10%

Growth

Metric BWLP CMBT Oil & Gas Midstream median
Revenue growth (TTM) (0.78%) 133.89% 14.88%
EPS growth (last fiscal year) (39.39%) (84.23%) (7.78%)
Revenue growth, 5-year CAGR — 8.72% 10.05%
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 0.77
Current ratio 1.44 1.12 1.19
Net debt to EBITDA 1.07 5.50 3.46

Dividend

Metric BWLP CMBT Oil & Gas Midstream median
Dividend yield 11.80% 5.55% 4.94%
Payout ratio 0.87 0.19 0.73

Size

Metric BWLP CMBT Oil & Gas Midstream median
Market cap 3.28b 4.78b 3.56b

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