DORIAN LPG LTD (LPG) Fundamental Analysis & Valuation

NYSE:LPG • MHY2106R1100

29.15 USD
-0.83 (-2.77%)
At close: Mar 13, 2026
29.15 USD
0 (0%)
After Hours: 3/13/2026, 4:10:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This LPG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Overall LPG gets a fundamental rating of 6 out of 10. We evaluated LPG against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While LPG has a great health rating, its profitability is only average at the moment. LPG has a bad growth rate and is valued cheaply. These ratings could make LPG a good candidate for value investing.


Dividend Valuation Growth Profitability Health

6

1. LPG Profitability Analysis

1.1 Basic Checks

  • LPG had positive earnings in the past year.
  • In the past year LPG had a positive cash flow from operations.
  • Each year in the past 5 years LPG has been profitable.
  • LPG had a positive operating cash flow in each of the past 5 years.
LPG Yearly Net Income VS EBIT VS OCF VS FCFLPG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M

1.2 Ratios

  • The Return On Assets of LPG (6.79%) is better than 75.85% of its industry peers.
  • Looking at the Return On Equity, with a value of 11.12%, LPG is in the better half of the industry, outperforming 64.25% of the companies in the same industry.
  • The Return On Invested Capital of LPG (6.89%) is better than 64.73% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for LPG is significantly below the industry average of 22.51%.
Industry RankSector Rank
ROA 6.79%
ROE 11.12%
ROIC 6.89%
ROA(3y)10.63%
ROA(5y)8.44%
ROE(3y)19.46%
ROE(5y)15.2%
ROIC(3y)10.02%
ROIC(5y)8.12%
LPG Yearly ROA, ROE, ROICLPG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 29.88%, LPG belongs to the top of the industry, outperforming 87.44% of the companies in the same industry.
  • LPG's Profit Margin has declined in the last couple of years.
  • LPG has a better Operating Margin (34.87%) than 82.61% of its industry peers.
  • In the last couple of years the Operating Margin of LPG has declined.
  • The Gross Margin of LPG (85.45%) is better than 93.24% of its industry peers.
  • LPG's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 34.87%
PM (TTM) 29.88%
GM 85.45%
OM growth 3Y0.9%
OM growth 5Y-7.98%
PM growth 3Y-0.9%
PM growth 5Y-5.32%
GM growth 3Y-1.99%
GM growth 5Y-1.95%
LPG Yearly Profit, Operating, Gross MarginsLPG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. LPG Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LPG is still creating some value.
  • The number of shares outstanding for LPG has been increased compared to 1 year ago.
  • The number of shares outstanding for LPG has been reduced compared to 5 years ago.
  • The debt/assets ratio for LPG has been reduced compared to a year ago.
LPG Yearly Shares OutstandingLPG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
LPG Yearly Total Debt VS Total AssetsLPG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 2.03 indicates that LPG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • LPG has a Altman-Z score of 2.03. This is in the better half of the industry: LPG outperforms 65.70% of its industry peers.
  • LPG has a debt to FCF ratio of 3.79. This is a good value and a sign of high solvency as LPG would need 3.79 years to pay back of all of its debts.
  • LPG has a better Debt to FCF ratio (3.79) than 71.50% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that LPG is not too dependend on debt financing.
  • LPG has a Debt to Equity ratio (0.38) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.79
Altman-Z 2.03
ROIC/WACC0.92
WACC7.49%
LPG Yearly LT Debt VS Equity VS FCFLPG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B

2.3 Liquidity

  • A Current Ratio of 2.41 indicates that LPG has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 2.41, LPG is doing good in the industry, outperforming 79.71% of the companies in the same industry.
  • LPG has a Quick Ratio of 2.40. This indicates that LPG is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.40, LPG belongs to the top of the industry, outperforming 80.68% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.41
Quick Ratio 2.4
LPG Yearly Current Assets VS Current LiabilitesLPG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. LPG Growth Analysis

3.1 Past

  • The earnings per share for LPG have decreased strongly by -25.57% in the last year.
  • Measured over the past years, LPG shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.02% on average per year.
  • The Revenue has decreased by -3.51% in the past year.
  • LPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.17% yearly.
EPS 1Y (TTM)-25.57%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%158.14%
Revenue 1Y (TTM)-3.51%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%48.72%

3.2 Future

  • LPG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -5.50% yearly.
  • Based on estimates for the next years, LPG will show a small growth in Revenue. The Revenue will grow by 3.43% on average per year.
EPS Next Y78.92%
EPS Next 2Y23.71%
EPS Next 3Y-5.5%
EPS Next 5YN/A
Revenue Next Year26.5%
Revenue Next 2Y6.74%
Revenue Next 3Y-2.24%
Revenue Next 5Y3.43%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
LPG Yearly Revenue VS EstimatesLPG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
LPG Yearly EPS VS EstimatesLPG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6

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8

4. LPG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.91, the valuation of LPG can be described as very reasonable.
  • Based on the Price/Earnings ratio, LPG is valued cheaper than 85.02% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, LPG is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.32, which indicates a very decent valuation of LPG.
  • 89.86% of the companies in the same industry are more expensive than LPG, based on the Price/Forward Earnings ratio.
  • LPG is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.91
Fwd PE 8.32
LPG Price Earnings VS Forward Price EarningsLPG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, LPG is valued a bit cheaper than the industry average as 67.63% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, LPG is valued cheaper than 87.92% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.21
EV/EBITDA 7.04
LPG Per share dataLPG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of LPG may justify a higher PE ratio.
  • A cheap valuation may be justified as LPG's earnings are expected to decrease with -5.50% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y23.71%
EPS Next 3Y-5.5%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. LPG Dividend Analysis

5.1 Amount

  • LPG has a Yearly Dividend Yield of 7.19%, which is a nice return.
  • LPG's Dividend Yield is rather good when compared to the industry average which is at 3.41. LPG pays more dividend than 83.09% of the companies in the same industry.
  • LPG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 7.19%

5.2 History

  • LPG has been paying a dividend for over 5 years, so it has already some track record.
  • The dividend of LPG decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
LPG Yearly Dividends per shareLPG Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • LPG pays out 86.98% of its income as dividend. This is not a sustainable payout ratio.
DP86.98%
EPS Next 2Y23.71%
EPS Next 3Y-5.5%
LPG Yearly Income VS Free CF VS DividendLPG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M
LPG Dividend Payout.LPG Dividend Payout, showing the Payout Ratio.LPG Dividend Payout.PayoutRetained Earnings

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LPG Fundamentals: All Metrics, Ratios and Statistics

DORIAN LPG LTD

NYSE:LPG (3/13/2026, 4:10:02 PM)

After market: 29.15 0 (0%)

29.15

-0.83 (-2.77%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-20
Inst Owners67.1%
Inst Owner Change2.13%
Ins Owners14%
Ins Owner Change-2.56%
Market Cap1.25B
Revenue(TTM)404.13M
Net Income(TTM)120.74M
Analysts80
Price Target37.99 (30.33%)
Short Float %3.96%
Short Ratio2.73
Dividend
Industry RankSector Rank
Dividend Yield 7.19%
Yearly Dividend3.75
Dividend Growth(5Y)N/A
DP86.98%
Div Incr Years0
Div Non Decr Years1
Ex-Date02-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.11%
Min EPS beat(2)-7.41%
Max EPS beat(2)1.2%
EPS beat(4)1
Avg EPS beat(4)-33.7%
Min EPS beat(4)-67.19%
Max EPS beat(4)1.2%
EPS beat(8)3
Avg EPS beat(8)-23.02%
EPS beat(12)6
Avg EPS beat(12)-9.67%
EPS beat(16)8
Avg EPS beat(16)-4.35%
Revenue beat(2)1
Avg Revenue beat(2)3.56%
Min Revenue beat(2)-0.09%
Max Revenue beat(2)7.21%
Revenue beat(4)1
Avg Revenue beat(4)-6.4%
Min Revenue beat(4)-22.54%
Max Revenue beat(4)7.21%
Revenue beat(8)2
Avg Revenue beat(8)-5.35%
Revenue beat(12)5
Avg Revenue beat(12)-4.05%
Revenue beat(16)9
Avg Revenue beat(16)-1.26%
PT rev (1m)8.92%
PT rev (3m)9.05%
EPS NQ rev (1m)14.04%
EPS NQ rev (3m)46.45%
EPS NY rev (1m)-3.81%
EPS NY rev (3m)10.7%
Revenue NQ rev (1m)5.62%
Revenue NQ rev (3m)26.03%
Revenue NY rev (1m)2.46%
Revenue NY rev (3m)6.54%
Valuation
Industry RankSector Rank
PE 9.91
Fwd PE 8.32
P/S 3.08
P/FCF 9.21
P/OCF 6.99
P/B 1.15
P/tB 1.15
EV/EBITDA 7.04
EPS(TTM)2.94
EY10.09%
EPS(NY)3.5
Fwd EY12.02%
FCF(TTM)3.16
FCFY10.86%
OCF(TTM)4.17
OCFY14.3%
SpS9.46
BVpS25.4
TBVpS25.4
PEG (NY)0.13
PEG (5Y)N/A
Graham Number40.99
Profitability
Industry RankSector Rank
ROA 6.79%
ROE 11.12%
ROCE 8.73%
ROIC 6.89%
ROICexc 8.43%
ROICexgc 8.43%
OM 34.87%
PM (TTM) 29.88%
GM 85.45%
FCFM 33.47%
ROA(3y)10.63%
ROA(5y)8.44%
ROE(3y)19.46%
ROE(5y)15.2%
ROIC(3y)10.02%
ROIC(5y)8.12%
ROICexc(3y)11.78%
ROICexc(5y)9.41%
ROICexgc(3y)11.78%
ROICexgc(5y)9.41%
ROCE(3y)12.68%
ROCE(5y)10.28%
ROICexgc growth 3Y7.64%
ROICexgc growth 5Y-4.68%
ROICexc growth 3Y7.64%
ROICexc growth 5Y-4.68%
OM growth 3Y0.9%
OM growth 5Y-7.98%
PM growth 3Y-0.9%
PM growth 5Y-5.32%
GM growth 3Y-1.99%
GM growth 5Y-1.95%
F-Score5
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.79
Debt/EBITDA 1.95
Cap/Depr 59.65%
Cap/Sales 10.63%
Interest Coverage 5.05
Cash Conversion 83.69%
Profit Quality 112.01%
Current Ratio 2.41
Quick Ratio 2.4
Altman-Z 2.03
F-Score5
WACC7.49%
ROIC/WACC0.92
Cap/Depr(3y)61.2%
Cap/Depr(5y)46.48%
Cap/Sales(3y)9.63%
Cap/Sales(5y)8.07%
Profit Quality(3y)125.53%
Profit Quality(5y)136.68%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.57%
EPS 3Y19.56%
EPS 5Y-1.02%
EPS Q2Q%158.14%
EPS Next Y78.92%
EPS Next 2Y23.71%
EPS Next 3Y-5.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.51%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%48.72%
Revenue Next Year26.5%
Revenue Next 2Y6.74%
Revenue Next 3Y-2.24%
Revenue Next 5Y3.43%
EBIT growth 1Y-21.84%
EBIT growth 3Y9.8%
EBIT growth 5Y-6.91%
EBIT Next Year110.17%
EBIT Next 3Y7.78%
EBIT Next 5Y11.95%
FCF growth 1Y-49.09%
FCF growth 3Y17.28%
FCF growth 5Y0.67%
OCF growth 1Y-46.38%
OCF growth 3Y13.38%
OCF growth 5Y0.47%

DORIAN LPG LTD / LPG FAQ

What is the ChartMill fundamental rating of DORIAN LPG LTD (LPG) stock?

ChartMill assigns a fundamental rating of 6 / 10 to LPG.


What is the valuation status for LPG stock?

ChartMill assigns a valuation rating of 8 / 10 to DORIAN LPG LTD (LPG). This can be considered as Undervalued.


How profitable is DORIAN LPG LTD (LPG) stock?

DORIAN LPG LTD (LPG) has a profitability rating of 6 / 10.


What is the valuation of DORIAN LPG LTD based on its PE and PB ratios?

The Price/Earnings (PE) ratio for DORIAN LPG LTD (LPG) is 9.91 and the Price/Book (PB) ratio is 1.15.


What is the earnings growth outlook for DORIAN LPG LTD?

The Earnings per Share (EPS) of DORIAN LPG LTD (LPG) is expected to grow by 78.92% in the next year.