BW LPG Limited (BWLP) vs Scorpio Tankers Inc. (STNG)

BW LPG Limited and Scorpio Tankers Inc. are both Oil & Gas Midstream companies. Scorpio Tankers Inc. is the larger, with a market value of $4.2B against $3.7B — 1.1× the size. Scorpio Tankers Inc. trades at the lower P/E: 4.6× against 8.4×. Scorpio Tankers Inc. grew revenue faster over the last twelve months: 32.7% against −0.78%. Scorpio Tankers Inc. has the higher net margin (67.2% vs 12.6%) and the higher return on invested capital (20.6% vs 13.9%). Both pay a dividend; BW LPG Limited yields more (10.4% vs 2.17%). Across the 21 metrics below, Scorpio Tankers Inc. leads on 17 and BW LPG Limited on 4.

Valuation

Metric BWLP STNG Oil & Gas Midstream median
P/E 8.40 4.63 12.77
P/S 1.06 3.06 2.36
P/B 1.83 1.02 2.09
Price to free cash flow 5.46 2.13 9.71
EV/EBITDA 5.20 2.59 8.30
EV/Sales 1.21 2.15 3.88
Earnings yield 11.90% 21.58% 7.15%
Free cash flow yield 18.33% 46.99% 6.86%

Profitability

Metric BWLP STNG Oil & Gas Midstream median
Gross margin 25.94% 72.97% 56.58%
Operating margin 16.17% 68.57% 34.18%
Net margin 12.64% 67.16% 22.50%
Free cash flow margin 19.52% 144.00% 13.70%
Return on equity 22.47% 24.62% 14.65%
Return on assets 13.16% 18.95% 5.00%
Return on invested capital 13.88% 20.59% 6.13%

Growth

Metric BWLP STNG Oil & Gas Midstream median
Revenue growth (TTM) (0.78%) 32.68% 15.60%
EPS growth (last fiscal year) (39.39%) (46.54%) (7.86%)
Revenue growth, 5-year CAGR — 0.48% 9.59%
Net income growth, 5-year CAGR — 29.61% 0.00%

Health

Metric BWLP STNG Oil & Gas Midstream median
Debt to equity 0.42 0.20 0.78
Current ratio 1.44 6.93 1.19
Net debt to EBITDA 1.07 (0.28) 3.42

Dividend

Metric BWLP STNG Oil & Gas Midstream median
Dividend yield 10.37% 2.17% 4.54%
Payout ratio 0.87 0.11 0.76

Size

Metric BWLP STNG Oil & Gas Midstream median
Market cap 3.72b 4.15b 3.73b

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