Genesis Energy, L.P. (GEL) vs Dorian LPG Ltd. (LPG)

Genesis Energy, L.P. and Dorian LPG Ltd. are both Oil & Gas Midstream companies. Dorian LPG Ltd. is the larger, with a market value of $2.0B against $1.5B — 1.3× the size. Dorian LPG Ltd. trades at the lower P/E: 4.1× against 67.7×. Dorian LPG Ltd. grew revenue faster over the last twelve months: 87.1% against 16.6%. Dorian LPG Ltd. has the higher net margin (70.4% vs 1.34%) and the higher return on invested capital (23.6% vs 6.66%). Both pay a dividend; Genesis Energy, L.P. yields more (5.91% vs 2.88%). Across the 23 metrics below, Dorian LPG Ltd. leads on 18 and Genesis Energy, L.P. on 5.

Valuation

Metric GEL LPG Oil & Gas Midstream median
P/E 67.68 4.15 11.80
P/S 0.86 2.93 2.38
P/B 12.33 1.42 1.65
Price to free cash flow 4.51 5.15 7.76
EV/EBITDA 7.80 3.35 7.88
EV/Sales 2.58 2.78 3.36
Earnings yield 1.48% 24.10% 7.98%
Free cash flow yield 22.16% 19.42% 7.23%

Profitability

Metric GEL LPG Oil & Gas Midstream median
Gross margin 35.08% 88.08% 55.22%
Operating margin 19.12% 72.29% 35.83%
Net margin 1.34% 70.38% 20.12%
Free cash flow margin 19.03% 58.36% 14.43%
Return on equity 16.81% 38.78% 14.03%
Return on assets 0.48% 25.19% 4.62%
Return on invested capital 6.66% 23.55% 6.10%

Growth

Metric GEL LPG Oil & Gas Midstream median
Revenue growth (TTM) 16.63% 87.06% 15.70%
EPS growth (last fiscal year) (237.90%) 112.15% (7.78%)
Revenue growth, 5-year CAGR (2.23%) 8.79% 10.05%
Net income growth, 5-year CAGR 0.00% 15.91% 0.00%

Health

Metric GEL LPG Oil & Gas Midstream median
Debt to equity 25.09 0.34 0.77
Current ratio 0.93 8.20 1.16
Net debt to EBITDA 5.82 0.82 3.46

Dividend

Metric GEL LPG Oil & Gas Midstream median
Dividend yield 5.91% 2.88% 5.03%
Payout ratio 4.00 0.12 0.73

Size

Metric GEL LPG Oil & Gas Midstream median
Market cap 1.53b 1.97b 3.30b

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