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StealthGas

GASS on Nasdaq. Deep sea foreign transportation of freight. Market value $347m.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2025.

Capital spending looks too small to be complete, so we leave free cash flow out.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2025
n/a

We could not compute this from the filings.

Price to profit
annual report to December 2025
4.3×cheap

You pay 4.3 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
6.1%five-year median

Each dollar kept in the business earns 6 cents a year. Above 10 is good.

Quality score: 75 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.

$9.08 a share, 48% above its 1-year low

Over the past year the price has ranged from $6.12 to $10.55.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.0
0.0
n/a
-0.0
n/a
20212022202320242025
Revenue
$150m$153m$144m$167m$173m
Operating margin
-20.6%21.4%31.9%35.8%31.8%
Debt to equity
0.630.540.220.140.00
Shares outstanding
0.04bn0.04bn0.04bn0.04bn0.04bn

Health checks

  • Free cash flow positive2 of 3 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)7 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.00× equity
  • Revenue growth, five yearsSlow, 3.6% a year
  • Buying back its own sharesYes, 3% fewer since 2021

Dates

Next results (estimated)
n/a
Last annual report (10-K)
28 April 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

None of the long-term investors we follow own it. 69 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%; 1 of them is pushing for change.

  • Harry N. Vafias
    Passive investor
    at least 32.7%+1.0 pts
    (filed with 2 related holders)
    Since 23 February 2026
    What they said

    See the response to Item 3, which is incorporated by reference herein. None of the Reporting Persons has any plans or proposals with respect to any material change in the Company's business or corporate structure or, generally, any other action referred to in instructions (a)…

    Read the filing
  • at least 13.5%
    (filed with 2 related holders)
    Since 30 September 2025
  • at least 7.3%
    (filed with 1 related holder)
    Since 8 July 2026
    What they said

    TowerView holds its shares of the Company's Common Stock as an investment. TowerView believes that the Company's stock price has not properly reflected the value of its assets. TowerView has sent a letter to the Board of Directors of the Company requesting that they consider a…

    Read the filing
  • at least 5.0%+0.2 pts
    (filed with 1 related holder)
    Since 9 June 2025
  • Barclays PLC
    Passive investor
    Sold down below 5%
    Since 31 December 2025
  • Arethusa Properties LTD
    Passive investor
    Sold down below 5%
    Since 23 December 2024
    What they said

    See the response to Item 3, which is incorporated by reference herein. None of the Reporting Persons has any plans or proposals with respect to any material change in the Company's business or corporate structure or, generally, any other action referred to in instructions (a)…

    Read the filing

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 1 sold $346,967.

  • Jolliffe Michael
    Director
    Sold
    Date
    15 September 2026
    Shares
    36,200
    Price
    $9.25
    Value
    $334,995
  • Jolliffe Michael
    Director
    Sold
    Date
    14 September 2026
    Shares
    1,300
    Price
    $9.21
    Value
    $11,972

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

StealthGas doesn’t file a US annual report (10-K), so we haven’t checked it.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.