StealthGas stock: fair value
GASSThe fair value of StealthGas under our model is $23.76, the price is 66% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $16.97 and expensive above $39.59 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $34.53 (cash-flow model) and $12.98 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9.5%. At 10.5% the fair value would be $21.09, at 8.5% it would be $27.57.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (8.1).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.5% (government bond yield 3.8% plus beta 0.8 times a risk premium of 7.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $34.53 per share: free cash flow for the next ten years, each year discounted to today at 9.5%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.5%) |
|---|---|---|---|---|
| 2026 | $57.62M | extrapolated at 16.1% | 0.9133 | $52.62M |
| 2027 | $64.77M | extrapolated at 12.4% | 0.8341 | $54.02M |
| 2028 | $71.14M | extrapolated at 9.8% | 0.7618 | $54.19M |
| 2029 | $76.86M | extrapolated at 8.0% | 0.6957 | $53.47M |
| 2030 | $82.07M | extrapolated at 6.8% | 0.6354 | $52.15M |
| 2031 | $86.9M | extrapolated at 5.9% | 0.5803 | $50.43M |
| 2032 | $91.49M | extrapolated at 5.3% | 0.5300 | $48.49M |
| 2033 | $95.91M | extrapolated at 4.8% | 0.4840 | $46.43M |
| 2034 | $100.27M | extrapolated at 4.5% | 0.4421 | $44.32M |
| 2035 | $104.6M | extrapolated at 4.3% | 0.4037 | $42.23M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $498.36M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (9.5% − 3.8%) | $1.92B |
| Present value of terminal value (× 0.4037) | $774.17M |
| Equity value (sum plus present value of terminal value) | $1.27B |
| Shares (diluted) | 36.85M |
| Value per share (equity value divided by shares) | $34.53 |
| Earnings per share, last twelve months | $1.61 |
| × 8.1 (industry P/E) | $12.98 |
| Fair value (average of both parts) | $23.76 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 9 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.