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Stealthgas (GASS)
NASDAQ:GASS
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StealthGas
(NASDAQ:GASS)
Rating:79Outperform
Price Target:
$8.50
▲(14.40% Upside)
Positive Factors
Debt Management
GASS is now debt free after paying down $31.8M in debt.
Financial Performance
GASS reported 2Q25 results above forecasts with higher revenue and lower operating costs than expected.
Negative Factors
Operational Disruptions
One of GASS's liquefied petroleum gas ships is out of service due to explosions in Russia.
StealthGas (GASS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$274.75M
Dividend YieldN/A
Average Volume (3M)146.20K
Price to Earnings (P/E)4.3
Beta (1Y)0.39
Revenue Growth13.82%
EPS Growth-10.37%
CountryUS
Employees602
SectorIndustrials
Sector Strength73
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.59
Shares Outstanding36,978,680
10 Day Avg. Volume223,597
30 Day Avg. Volume146,197
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.64
Enterprise Value/Revenue1.05
Enterprise Value/Gross Profit2.36
Enterprise Value/Ebitda1.90
Forecast
1Y Price Target
$10.00Price Target Upside34.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
StealthGas Business Overview & Revenue Model
Company DescriptionStealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and natural gas. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals. As of December 31, 2021, it had a fleet of 44 LPG carriers with a total capacity of 389,426 cubic meters; three medium range product carriers with a total capacity of 140,000 deadweight tons (dwt); and one Aframax crude oil tanker with a total capacity of 115,804 dwt. StealthGas Inc. was incorporated in 2004 and is based in Athens, Greece.
How the Company Makes MoneyStealthGas generates revenue primarily through the chartering of its fleet of LPG carriers. The company enters into time charters and voyage charters with leading energy companies, which provide a steady stream of income. Additionally, the company may engage in spot market transactions, which can yield higher rates during periods of increased demand. Key revenue streams include long-term contracts with established clients, which stabilize cash flows, and spot charters that capitalize on market fluctuations. Partnerships with global energy firms enhance their operational capacity and market reach, contributing significantly to their earnings.
StealthGas Earnings Call Summary
Earnings Call Date:Aug 25, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Dec 02, 2025
Earnings Call Sentiment Positive
StealthGas reported strong revenue and profit performance, successfully eliminating debt and securing future revenues. However, the company faces challenges from the Eco Wizard incident and reduced income from joint ventures.Q2-2025 Updates
Positive Updates
Record-Breaking Revenue
StealthGas reported record revenues of $47.2 million in Q2 2025, marking a 13% increase year-on-year and the highest for any quarter.
Strong Profit Performance
Adjusted net income for Q2 2025 was $21.7 million, a 35% increase from the previous quarter, making it the second best quarter in company history.
Successful Debt Elimination
StealthGas successfully completed its deleveraging strategy, repaying $86 million in debt this year, and achieving zero debt for the first time.
Strategic Fleet Management
The company maintained high period coverage of 70% for 2025 and secured over $150 million in future revenues.
Share Repurchase Program
Management spent approximately $1.8 million on buying back shares, considering it a sound use of liquidity.
Negative Updates
Eco Wizard Incident
The LPG carrier Eco Wizard was damaged by explosions while in port, rendering it out of service and impacting revenue generation, as it previously contributed 8% of the company’s revenues.
Decrease in Net Income Compared to Last Year
Net income for Q2 2025 was $20.4 million, a 21% decrease from $25.8 million in the same quarter last year.
Reduced Earnings from Joint Ventures
Earnings from joint ventures decreased significantly by $10.7 million due to a reduction in fleet size and no large vessel sales as occurred last year.
Company Guidance
During the StealthGas Q2 2025 earnings call, the company reported their second-best ever quarterly profits with revenues reaching a record $47.2 million, a 13% increase year-on-year. Adjusted net income for the quarter was $21.7 million, marking a 35% increase from the previous quarter but a 20% decrease from the previous year. Earnings per share were reported at $0.59 on an adjusted basis. The company emphasized its strategic objective of deleveraging, having used $86 million this year to pay off all remaining debt, rendering its fully owned fleet debt-free. Share repurchase activities amounted to $1.8 million, aligning with the company's strategic priorities. StealthGas also secured over $150 million in future revenues, with period coverage for 2025 at 70% of fleet days. A notable incident involved the Eco Wizard vessel, which was damaged by explosions at a Russian port, leading to an expected temporary cessation of revenue generation while repairs are completed. Despite challenges, the company maintains a positive outlook for the LPG shipping market, with expectations of increased chartering activity in the fourth quarter.StealthGas Financial Statement Overview
Summary
StealthGas shows strong financial health with impressive revenue and profit growth, improved operational efficiency, and a solid balance sheet with reduced leverage. Despite the negative free cash flow due to high reinvestment, the company maintains strong cash generation and a robust equity position, making it well-positioned for future growth.Income Statement
StealthGas demonstrated strong revenue growth of 16.53% from 2023 to 2024, with an impressive increase in gross profit margin from 35.4% to 60.1%. Net profit margin improved significantly to 41.77% in 2024 from 36.18% in 2023. The EBIT margin soared to 35.78% in 2024, showcasing enhanced operational efficiency. EBITDA margin also reflected strong performance at 51.34%. Overall, the company shows robust growth and profitability.85
Very Positive
Balance Sheet
The company improved its equity base with a rising stockholders' equity reaching $626.5 million. The debt-to-equity ratio decreased significantly from 0.22 in 2023 to 0.14 in 2024, indicating reduced leverage risk. The return on equity (ROE) improved to 11.15% in 2024 from 9.45% in 2023. The equity ratio increased to 85.55%, suggesting a strong equity cushion. However, total assets decreased slightly, reflecting potential asset management challenges.75
Positive
Cash Flow
Operating cash flow increased to $103.5 million, indicating robust cash generation capabilities. However, free cash flow turned negative in 2024 due to high capital expenditures, reflecting aggressive reinvestment strategies. The operating cash flow to net income ratio remained strong, reflecting efficient cash conversion. The free cash flow to net income ratio, however, was negative, highlighting potential liquidity constraints.68
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 167.26M | 143.53M | 152.76M | 150.20M | 145.00M |
| Gross Profit | 74.38M | 50.85M | 72.68M | 61.20M | 73.69M |
| EBITDA | 85.89M | 73.28M | 63.39M | 6.44M | 61.33M |
| Net Income | 69.86M | 51.94M | 34.25M | -35.12M | 11.98M |
Balance Sheet | |||||
| Total Assets | 732.24M | 697.21M | 821.53M | 798.67M | 944.01M |
| Cash, Cash Equivalents and Short-Term Investments | 80.65M | 77.20M | 82.27M | 31.30M | 38.24M |
| Total Debt | 84.89M | 123.64M | 277.11M | 293.90M | 351.80M |
| Total Liabilities | 105.71M | 147.55M | 303.61M | 323.90M | 379.41M |
| Stockholders Equity | 626.53M | 549.66M | 517.93M | 474.77M | 564.60M |
Cash Flow | |||||
| Free Cash Flow | -2.67M | 77.36M | 42.33M | 15.81M | 3.99M |
| Operating Cash Flow | 103.50M | 77.44M | 66.56M | 41.04M | 52.11M |
| Investing Cash Flow | -64.48M | 111.34M | -17.26M | -19.25M | -58.07M |
| Financing Cash Flow | -38.25M | -174.18M | -25.85M | -29.13M | -23.12M |
StealthGas Technical Analysis
Positive
7.43
Price Trends
6.87
Positive
6.32
Positive
5.95
Positive
Market Momentum
0.22
Negative
57.56
Neutral
27.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GASS, the sentiment is Positive. The current price of 7.43 is above the 20-day moving average (MA) of 7.22, above the 50-day MA of 6.87, and above the 200-day MA of 5.95, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 57.56 is Neutral, neither overbought nor oversold. The STOCH value of 27.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GASS.
StealthGas Risk Analysis
StealthGas disclosed 59 risk factors in its most recent earnings report. StealthGas reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
StealthGas Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $433.64M | 3.63 | 32.88% | 4.04% | 7.73% | 0.50% | |
79 Outperform | $274.75M | 4.35 | 9.68% | ― | 13.82% | -10.37% | |
71 Outperform | $172.44M | 10.91 | 5.93% | 8.26% | 1.66% | -46.13% | |
69 Neutral | $342.52M | 24.03 | 2.37% | 5.61% | 15.09% | -71.58% | |
65 Neutral | $189.87M | 12.58 | 4.23% | 2.40% | -4.90% | 21.09% | |
64 Neutral | $10.73B | 15.74 | 7.60% | 2.01% | 2.75% | -15.09% | |
50 Neutral | $30.78M | ― | -14.42% | ― | -13.96% | -498.96% |
* Industrials Sector Average
Performance Comparison
GASS
StealthGas
7.43
0.60
8.78%
DSX
Diana Shipping
1.67
-0.53
-24.09%
ESEA
Euroseas
61.89
29.95
93.77%
SHIP
Seanergy Maritime
7.99
-1.37
-14.64%
PANL
Pangaea Logistics Solutions
5.35
-0.49
-8.39%
EDRY
EuroDry
10.89
-8.75
-44.55%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.