Dorian LPG Ltd. (LPG) vs Teekay Tankers Ltd. (TNK)

Dorian LPG Ltd. and Teekay Tankers Ltd. are both Oil & Gas Midstream companies. Teekay Tankers Ltd. is the larger, with a market value of $2.8B against $2.0B — 1.4× the size. Dorian LPG Ltd. trades at the lower P/E: 4.1× against 4.9×. Dorian LPG Ltd. grew revenue faster over the last twelve months: 87.1% against 15.6%. Dorian LPG Ltd. has the higher net margin (70.4% vs 51.4%) and the lower return on invested capital (16.3% vs 29.3%). Both pay a dividend; Dorian LPG Ltd. yields more (2.90% vs 1.20%). Across the 23 metrics below, Teekay Tankers Ltd. leads on 13 and Dorian LPG Ltd. on 10.

Valuation

Metric LPG TNK Oil & Gas Midstream median
P/E 4.13 4.88 11.68
P/S 2.91 2.51 2.39
P/B 1.41 1.22 1.68
Price to free cash flow 5.12 4.44 8.52
EV/EBITDA 3.75 2.69 9.03
EV/Sales 3.11 1.48 3.43
Earnings yield 24.23% 20.51% 7.78%
Free cash flow yield 19.53% 22.52% 7.11%

Profitability

Metric LPG TNK Oil & Gas Midstream median
Gross margin 0.00% 50.33% 54.87%
Operating margin 72.29% 47.65% 34.73%
Net margin 70.38% 51.35% 20.12%
Free cash flow margin 58.36% 56.49% 14.43%
Return on equity 38.78% 28.04% 11.73%
Return on assets 25.19% 25.45% 4.43%
Return on invested capital 16.33% 29.30% 6.10%

Growth

Metric LPG TNK Oil & Gas Midstream median
Revenue growth (TTM) 87.06% 15.60% 14.88%
EPS growth (last fiscal year) 112.15% (13.16%) (7.78%)
Revenue growth, 5-year CAGR 8.79% 1.43% 10.05%
Net income growth, 5-year CAGR 15.91% 32.10% 0.00%

Health

Metric LPG TNK Oil & Gas Midstream median
Debt to equity 0.34 0.00 0.77
Current ratio 8.20 9.99 1.19
Net debt to EBITDA 0.82 (2.16) 3.46

Dividend

Metric LPG TNK Oil & Gas Midstream median
Dividend yield 2.90% 1.20% 4.94%
Payout ratio 0.12 0.06 0.73

Size

Metric LPG TNK Oil & Gas Midstream median
Market cap 1.97b 2.84b 3.56b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack