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DORIAN LPG LTD (LPG) Stock Fundamental Analysis

NYSE:LPG - New York Stock Exchange, Inc. - MHY2106R1100 - Common Stock - Currency: USD

19.88  -0.48 (-2.36%)

After market: 19.88 0 (0%)

Fundamental Rating

6

Overall LPG gets a fundamental rating of 6 out of 10. We evaluated LPG against 210 industry peers in the Oil, Gas & Consumable Fuels industry. LPG gets an excellent profitability rating and is at the same time showing great financial health properties. 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

7

1. Profitability

1.1 Basic Checks

In the past year LPG was profitable.
LPG had a positive operating cash flow in the past year.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M

1.2 Ratios

With a decent Return On Assets value of 8.86%, LPG is doing good in the industry, outperforming 73.89% of the companies in the same industry.
LPG has a better Return On Equity (15.10%) than 63.05% of its industry peers.
LPG has a Return On Invested Capital (8.30%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LPG is significantly below the industry average of 28.68%.
Industry RankSector Rank
ROA 8.86%
ROE 15.1%
ROIC 8.3%
ROA(3y)10.43%
ROA(5y)8.77%
ROE(3y)19.19%
ROE(5y)15.76%
ROIC(3y)9.72%
ROIC(5y)8.66%
LPG Yearly ROA, ROE, ROICLPG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

With an excellent Profit Margin value of 38.52%, LPG belongs to the best of the industry, outperforming 88.18% of the companies in the same industry.
LPG's Profit Margin has improved in the last couple of years.
LPG's Operating Margin of 43.05% is amongst the best of the industry. LPG outperforms 84.73% of its industry peers.
LPG's Operating Margin has improved in the last couple of years.
LPG has a Gross Margin of 88.86%. This is amongst the best in the industry. LPG outperforms 94.58% of its industry peers.
LPG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 43.05%
PM (TTM) 38.52%
GM 88.86%
OM growth 3Y16.86%
OM growth 5Y115.36%
PM growth 3Y23.21%
PM growth 5YN/A
GM growth 3Y-0.52%
GM growth 5Y-1.47%
LPG Yearly Profit, Operating, Gross MarginsLPG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60 80

7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LPG is creating some value.
LPG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, LPG has less shares outstanding
LPG has a better debt/assets ratio than last year.
LPG Yearly Shares OutstandingLPG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
LPG Yearly Total Debt VS Total AssetsLPG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

LPG has an Altman-Z score of 1.71. This is a bad value and indicates that LPG is not financially healthy and even has some risk of bankruptcy.
LPG has a Altman-Z score of 1.71. This is comparable to the rest of the industry: LPG outperforms 55.66% of its industry peers.
LPG has a debt to FCF ratio of 2.30. This is a good value and a sign of high solvency as LPG would need 2.30 years to pay back of all of its debts.
LPG has a Debt to FCF ratio of 2.30. This is in the better half of the industry: LPG outperforms 74.88% of its industry peers.
LPG has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
LPG has a Debt to Equity ratio (0.48) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.3
Altman-Z 1.71
ROIC/WACC1.01
WACC8.21%
LPG Yearly LT Debt VS Equity VS FCFLPG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

2.3 Liquidity

A Current Ratio of 3.97 indicates that LPG has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.97, LPG belongs to the best of the industry, outperforming 86.70% of the companies in the same industry.
A Quick Ratio of 3.95 indicates that LPG has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.95, LPG belongs to the top of the industry, outperforming 87.68% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.97
Quick Ratio 3.95
LPG Yearly Current Assets VS Current LiabilitesLPG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

3

3. Growth

3.1 Past

LPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.16%.
Measured over the past years, LPG shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.39% on average per year.
Looking at the last year, LPG shows a very negative growth in Revenue. The Revenue has decreased by -24.25% in the last year.
Measured over the past years, LPG shows a very strong growth in Revenue. The Revenue has been growing by 28.83% on average per year.
EPS 1Y (TTM)-48.16%
EPS 3Y63.39%
EPS 5YN/A
EPS Q2Q%-83.59%
Revenue 1Y (TTM)-24.25%
Revenue growth 3Y21.08%
Revenue growth 5Y28.83%
Sales Q2Q%-50.53%

3.2 Future

The Earnings Per Share is expected to decrease by -33.49% on average over the next years. This is quite bad
LPG is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -14.43% yearly.
EPS Next Y-64.83%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
EPS Next 5YN/A
Revenue Next Year-31.96%
Revenue Next 2Y-13.45%
Revenue Next 3Y-14.42%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
LPG Yearly Revenue VS EstimatesLPG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
LPG Yearly EPS VS EstimatesLPG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6

8

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 5.03, which indicates a rather cheap valuation of LPG.
Based on the Price/Earnings ratio, LPG is valued cheaply inside the industry as 86.70% of the companies are valued more expensively.
LPG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.75.
With a Price/Forward Earnings ratio of 5.14, the valuation of LPG can be described as very cheap.
87.68% 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 22.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.03
Fwd PE 5.14
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

70.44% of the companies in the same industry are more expensive than LPG, based on the Enterprise Value to EBITDA ratio.
LPG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LPG is cheaper than 91.63% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.45
EV/EBITDA 4.41
LPG Per share dataLPG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

The decent profitability rating of LPG may justify a higher PE ratio.
LPG's earnings are expected to decrease with -33.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%

5

5. Dividend

5.1 Amount

LPG has a Yearly Dividend Yield of 18.17%, which is a nice return.
LPG's Dividend Yield is rather good when compared to the industry average which is at 6.95. LPG pays more dividend than 96.06% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, LPG pays a better dividend.
Industry RankSector Rank
Dividend Yield 18.17%

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 1 2 3 4 5

5.3 Sustainability

103.50% of the earnings are spent on dividend by LPG. This is not a sustainable payout ratio.
DP103.5%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
LPG Yearly Income VS Free CF VS DividendLPG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M
LPG Dividend Payout.LPG Dividend Payout, showing the Payout Ratio.LPG Dividend Payout.PayoutRetained Earnings

DORIAN LPG LTD

NYSE:LPG (3/3/2025, 7:39:00 PM)

After market: 19.88 0 (0%)

19.88

-0.48 (-2.36%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-31 2025-01-31/bmo
Earnings (Next)05-20 2025-05-20/amc
Inst Owners70.97%
Inst Owner Change-0.04%
Ins Owners13.87%
Ins Owner Change-0.44%
Market Cap850.86M
Analysts84
Price Target37.98 (91.05%)
Short Float %4.57%
Short Ratio2.14
Dividend
Industry RankSector Rank
Dividend Yield 18.17%
Yearly Dividend4.01
Dividend Growth(5Y)N/A
DP103.5%
Div Incr Years0
Div Non Decr Years1
Ex-Date02-05 2025-02-05 (0.7)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-40.07%
Min EPS beat(2)-42.02%
Max EPS beat(2)-38.12%
EPS beat(4)2
Avg EPS beat(4)-12.34%
Min EPS beat(4)-42.02%
Max EPS beat(4)27.53%
EPS beat(8)5
Avg EPS beat(8)5.28%
EPS beat(12)7
Avg EPS beat(12)7.39%
EPS beat(16)8
Avg EPS beat(16)-0.39%
Revenue beat(2)0
Avg Revenue beat(2)-8.65%
Min Revenue beat(2)-12.62%
Max Revenue beat(2)-4.68%
Revenue beat(4)1
Avg Revenue beat(4)-4.31%
Min Revenue beat(4)-12.62%
Max Revenue beat(4)5.31%
Revenue beat(8)4
Avg Revenue beat(8)-2.88%
Revenue beat(12)8
Avg Revenue beat(12)0.46%
Revenue beat(16)11
Avg Revenue beat(16)1.32%
PT rev (1m)-5.1%
PT rev (3m)-14.72%
EPS NQ rev (1m)-4.52%
EPS NQ rev (3m)-20.8%
EPS NY rev (1m)-14.24%
EPS NY rev (3m)-19.97%
Revenue NQ rev (1m)7.86%
Revenue NQ rev (3m)2.21%
Revenue NY rev (1m)-5.14%
Revenue NY rev (3m)-5.81%
Valuation
Industry RankSector Rank
PE 5.03
Fwd PE 5.14
P/S 2.03
P/FCF 3.45
P/OCF 3.07
P/B 0.8
P/tB 0.8
EV/EBITDA 4.41
EPS(TTM)3.95
EY19.87%
EPS(NY)3.87
Fwd EY19.45%
FCF(TTM)5.76
FCFY28.97%
OCF(TTM)6.47
OCFY32.56%
SpS9.79
BVpS24.97
TBVpS24.97
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 8.86%
ROE 15.1%
ROCE 10.51%
ROIC 8.3%
ROICexc 10.24%
ROICexgc 10.24%
OM 43.05%
PM (TTM) 38.52%
GM 88.86%
FCFM 58.85%
ROA(3y)10.43%
ROA(5y)8.77%
ROE(3y)19.19%
ROE(5y)15.76%
ROIC(3y)9.72%
ROIC(5y)8.66%
ROICexc(3y)11.34%
ROICexc(5y)9.77%
ROICexgc(3y)11.34%
ROICexgc(5y)9.77%
ROCE(3y)12.31%
ROCE(5y)10.96%
ROICexcg growth 3Y40.78%
ROICexcg growth 5Y180.22%
ROICexc growth 3Y40.78%
ROICexc growth 5Y180.22%
OM growth 3Y16.86%
OM growth 5Y115.36%
PM growth 3Y23.21%
PM growth 5YN/A
GM growth 3Y-0.52%
GM growth 5Y-1.47%
F-Score5
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 2.3
Debt/EBITDA 2.05
Cap/Depr 43.91%
Cap/Sales 7.3%
Interest Coverage 5.16
Cash Conversion 110.84%
Profit Quality 152.79%
Current Ratio 3.97
Quick Ratio 3.95
Altman-Z 1.71
F-Score5
WACC8.21%
ROIC/WACC1.01
Cap/Depr(3y)63.77%
Cap/Depr(5y)47.07%
Cap/Sales(3y)10.66%
Cap/Sales(5y)8.2%
Profit Quality(3y)112.86%
Profit Quality(5y)129.16%
High Growth Momentum
Growth
EPS 1Y (TTM)-48.16%
EPS 3Y63.39%
EPS 5YN/A
EPS Q2Q%-83.59%
EPS Next Y-64.83%
EPS Next 2Y-28.62%
EPS Next 3Y-33.49%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.25%
Revenue growth 3Y21.08%
Revenue growth 5Y28.83%
Sales Q2Q%-50.53%
Revenue Next Year-31.96%
Revenue Next 2Y-13.45%
Revenue Next 3Y-14.42%
Revenue Next 5YN/A
EBIT growth 1Y-45.51%
EBIT growth 3Y41.49%
EBIT growth 5Y177.45%
EBIT Next Year-32.33%
EBIT Next 3Y-16.2%
EBIT Next 5YN/A
FCF growth 1Y70.22%
FCF growth 3Y30.2%
FCF growth 5Y135.59%
OCF growth 1Y77.71%
OCF growth 3Y31.56%
OCF growth 5Y112.81%