Added to YB: 2024-05-30
Pitch date: 2024-05-30
GASS [bullish]
StealthGas Inc.
-18.32%
current return
Author Info
@smantel is an ex-sell side analyst with a focus on fundamental research. Follow him on Twitter.
Company Info
StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide.
Market Cap
$211.3M
Pitch Price
$8.79
Price Target
14.00 (+95%)
Dividend
N/A
EV/EBITDA
2.67
P/E
3.26
EV/Sales
1.63
Sector
Oil, Gas and Consumable Fuels
Category
value
StealthGas Inc. (GASS) Reports Record Q1 Results, Eyes Significant Growth with Fleet Upgrades
GASS $8.46, 25.6M float, 1% short. Cheapest LPG shipper vs NVGS, LPG. Q1 record NI & EBITDA with fewer ships. Sold vessel, cut $53M debt post-Q1, no maturities til 12/25. Sees +$0.25 Q2 EPS on sale. Upgrading fleet. LPG demand up on China PDH, India subsidies. $5M buyback left. 73% '24 revenue contracted. ~3x '24 EV/EBITDA, 0.6x NAV. $14 PT for 65% upside.
Read full article (2 min)