BW LPG Posts Q4 EPS of $0.69 and TCE Rate at $50,300/Day
BW LPG delivered Q4 EPS of $0.69, exceeding estimates by 15¢ and generating $104 million in net profit. Time charter equivalent income averaged $50,300 per day, beating the $47,000 target despite revenue of $196 million falling short of a $217.2 million projection.
1. Q4 Financial Results
BW LPG reported Q4 EPS of $0.69, surpassing the $0.60 estimate and delivering $104 million in profit to equity holders. Revenue reached $196 million versus an expected $217.2 million, reflecting a shortfall despite strong bottom-line performance.
2. Operational Efficiency
Time charter equivalent income averaged $50,300 per available day, outperforming the $47,000 per day target and highlighting effective fleet utilization and contract management.
3. Valuation and Financial Health
The company trades at a P/E of 16.8 and P/S of 0.76, with an EV/Sales of 0.97 and EV/OCF of 5.8. A 5.96% earnings yield, 0.61 debt-to-equity ratio and 1.47 current ratio underscore balanced valuation and robust liquidity.