Navigator Holdings Stock Fair Value Calculation – Navigator Holdings Reports Record Earnings for Q2 of FY2023
August 18, 2023
🌥️Earnings Overview
On August 16th 2023, NAVIGATOR HOLDINGS ($NYSE:NVGS) reported their Q2 FY2023 earnings results, with total revenue for the period amounting to USD 135.3 million, a 9.2% increase compared to the same quarter in the previous year. Net income for the quarter was USD 26.6 million, a remarkable 89.8% increase on year-on-year basis.
Price History
The company’s stock opened at $14.1 and closed at $13.9, down 0.6% from its previous closing price of $14.0. While the earnings report was relatively positive, investors reacted negatively to the news, likely due to the fact that the company has struggled to meet expectations in previous quarters. The report also highlighted Navigator Holdings‘ strong balance sheet, with total assets exceeding total liabilities by 16%.
This marks the second year in a row that the company has achieved this feat, and goes to show that they are continuing to make investments that are beneficial for the long-term health of their business. Despite the stock’s 0.6% decrease from the previous closing price, investors should keep an eye on Navigator Holdings as they continue to implement strategies that will benefit them in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Navigator Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 501.44 | 57.8 | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Navigator Holdings. More…
| Operations | Investing | Financing |
| 141.62 | -165.31 | 53.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Navigator Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.26k | 1.06k | 15.84 |
Key Ratios Snapshot
Some of the financial key ratios for Navigator Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.7% | 25.7% | 20.4% |
| FCF Margin | ROE | ROA |
| -18.9% | 5.5% | 2.8% |
Analysis – Navigator Holdings Stock Fair Value Calculation
At GoodWhale, we recently conducted an analysis of NAVIGATOR HOLDINGS‘s fundamentals. Through our proprietary Valuation Line, we’ve determined that the intrinsic value of NAVIGATOR HOLDINGS share is approximately $12.3. However, at this time NAVIGATOR HOLDINGS stock is currently being traded at $13.9, meaning it is overvalued by 13.1%. We believe that this is still a fair price, though investors should carefully consider their own objectives and financial resources before investing. More…
Peers
The Company operates a fleet of LPG and LNG carriers, including very large gas carriers (VLGCs), large gas carriers (LGCs), medium-sized gas carriers (MGCs), and small gas carriers (SGCs). Navigator Holdings Ltd is based in Liberia. Its competitors are Exmar NV, Avance Gas Holding Ltd, and ONEOK Inc.
– Exmar NV ($LTS:0EEV)
Exmar NV is a Belgium-based holding company engaged in the shipping and offshore industry. The Company focuses on the ownership, operation and management of liquefied natural gas (LNG) carriers and floating LNG (FLNG) units. It also provides offshore installation and construction services, including the design, engineering, procurement, construction, installation, commissioning and operation of floating production, storage and offloading (FPSO) units. The Company’s segments include LNG carriers, Offshore installation and construction, and Corporate.
– Avance Gas Holding Ltd ($LTS:0QTX)
As of 2022, Avance Gas Holding Ltd has a market cap of 5.28B and a Return on Equity of 7.85%. The company is a leading independent owner and operator of Very Large Gas Carriers (VLGCs), providing transportation services for the global liquefied petroleum gas (LPG) industry. Avance Gas has a modern and high-quality VLGC fleet, with an average age of less than six years. The company is headquartered in Singapore and has offices in London, Houston, Shanghai and Geneva.
– ONEOK Inc ($NYSE:OKE)
ONEOK Inc is a diversified energy company that owns and operates natural gas gathering, processing, storage and transportation assets, as well as natural gas liquids (NGL) fractionation, transportation, storage and marketing businesses in the United States. The company has a market cap of 29.24B as of 2022 and a ROE of 28.37%. ONEOK is engaged in the business of gathering, processing, storing and transporting natural gas and NGLs. It is one of the largest Gathering and Processing companies in the United States and owns one of the largest NGL transportation systems in the country.
Summary
Navigator Holdings reported strong results in Q2 of the FY2023, with total revenue increasing by 9.2% and net income increasing 89.8% compared to the same quarter the year prior. This indicates that the company is in a solid position financially, providing investors with a potential opportunity for growth. The company has also managed to maintain a healthy balance sheet and strong cash flows, which could be attractive to potential investors looking to add a strong company to their portfolio. Additionally, Navigator Holdings appears to be making smart investments, as evidenced by its increasing revenue and profit margins, which could lead to further future growth.
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