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 $4.1B against $3.7B — 1.1× the size. Scorpio Tankers Inc. trades at the lower P/E: 4.6× against 8.2×. 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%). Across the 20 metrics below, Scorpio Tankers Inc. leads on 17 and BW LPG Limited on 3.

Valuation

Metric BWLP STNG Oil & Gas Midstream median
P/E 8.21 4.64 13.19
P/S 1.04 3.07 2.60
P/B 1.79 1.03 2.08
Price to free cash flow 5.33 2.13 10.14
EV/EBITDA 5.09 2.60 8.11
EV/Sales 1.19 2.16 3.89
Earnings yield 12.18% 21.54% 6.83%
Free cash flow yield 18.76% 46.89% 6.94%

Profitability

Metric BWLP STNG Oil & Gas Midstream median
Gross margin 25.94% 72.97% 58.81%
Operating margin 16.17% 68.57% 32.14%
Net margin 12.64% 67.16% 21.16%
Free cash flow margin 19.52% 144.00% 10.15%
Return on equity 22.47% 24.62% 11.30%
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% 15.44%
EPS growth (last fiscal year) (39.39%) (46.54%) —
Revenue growth, 5-year CAGR — 0.48% 8.96%
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 — 1.78% 7.29%
Payout ratio — 0.05 0.64

Size

Metric BWLP STNG Oil & Gas Midstream median
Market cap 3.67b 4.05b 3.61b

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