StealthGas Inc. (GASS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+196.3%

$23.50

vs $7.93 price

Levered DCF

$30.14

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

7.71

Safe zone

Rating

S-

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	4.15×	2.97×	4.68×	2.98×	-2.27×	7.58×	65.46×	-8.9×
P/B	0.36×	0.32×	0.44×	0.2×	0.17×	0.16×	0.24×	0.19×
P/S	1.45×	1.19×	1.67×	0.67×	0.53×	0.62×	0.95×	0.67×
EV / EBITDA	1.84×	2.36×	3.91×	5.1×	53.15×	6.58×	7.03×	8.76×
Gross margin	39.2%	44.5%	35.4%	47.6%	40.7%	50.8%	48.7%	44.7%
Operating margin	31.8%	35.8%	28.6%	23.7%	9.3%	19.5%	16.1%	13.4%
Net margin	35.0%	41.8%	36.2%	22.4%	-23.4%	8.3%	1.5%	-7.5%
Current ratio	9.3×	2.1×	3.12×	1.85×	0.88×	0.76×	1.17×	1.34×
Debt / equity	0×	0.14×	0.22×	0.54×	0.62×	0.62×	0.66×	0.74×
Interest coverage	24.57×	6.6×	4.12×	3×	1.1×	2.01×	1.11×	0.95×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.8%	11.2%	9.4%	6.6%	-7.4%	2.1%	0.4%	-2.2%
Return on invested capital	8.0%	8.4%	6.1%	4.6%	1.8%	3.1%	2.5%	2.3%
Return on assets	8.5%	9.5%	7.4%	4.2%	-4.4%	1.3%	0.2%	-1.2%
Free cash flow yield	33.7%	-1.3%	32.2%	41.6%	19.8%	4.4%	20.4%	-64.5%
Earnings yield	24.1%	35.1%	21.6%	33.7%	-44.0%	13.3%	1.5%	-11.2%
Enterprise value	$152.9M	$203.3M	$286.5M	$323.1M	$342.5M	$403.7M	$434.5M	$458M
Net debt / EBITDA	-1.19×	0.05×	0.63×	3.49×	40.75×	5.11×	4.82×	6.67×
Cash conversion cycle (days)	119	-14	-20	-28	-18	-23	-21	-26