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 $5.5B against $3.7B — 1.5× the size. CMB.TECH nv trades at the lower P/E: 3.9× against 8.2×. 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%). Across the 19 metrics below, BW LPG Limited leads on 12 and CMB.TECH nv on 7.

Valuation

Metric BWLP CMBT Oil & Gas Midstream median
P/E 8.21 3.94 13.19
P/S 1.04 2.60 2.60
P/B 1.79 1.77 2.08
Price to free cash flow 5.33 n/m 10.14
EV/EBITDA 5.09 7.85 8.11
EV/Sales 1.19 5.01 3.89
Earnings yield 12.18% 25.41% 6.83%
Free cash flow yield 18.76% (1.54%) 6.94%

Profitability

Metric BWLP CMBT Oil & Gas Midstream median
Gross margin 25.94% 75.42% 58.81%
Operating margin 16.17% 59.23% 32.14%
Net margin 12.64% 51.13% 21.16%
Free cash flow margin 19.52% 0.00% 10.15%
Return on equity 22.47% 0.00% 11.30%
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% 15.44%
EPS growth (last fiscal year) (39.39%) (86.26%) —
Revenue growth, 5-year CAGR — 8.72% 8.96%
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 — 7.57% 7.29%
Payout ratio — 0.63 0.64

Size

Metric BWLP CMBT Oil & Gas Midstream median
Market cap 3.67b 5.48b 3.61b

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