(LPG) Dorian G - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 1.988m USD | Total Return: 114.4% in 12m
Avg Turnover: 19.1M
EPS Trend: -63.1%
Qual. Beats: 1
Rev. Trend: -51.9%
Qual. Beats: 1
Warnings
Below Avwap Earnings
Tailwinds
Supp Ema8, Supp Ema20, Rs Leader, Pead, Tailwind, Pullback 52w, Confidence
Dorian LPG Ltd. is a maritime logistics company specializing in the international transportation of liquefied petroleum gas (LPG). Headquartered in Stamford, Connecticut, the firm owns and operates a fleet of twenty-five Very Large Gas Carriers (VLGCs), which are specialized vessels designed to transport propane and butane over long distances. The company operates within the Oil & Gas Storage & Transportation sub-industry, serving global energy markets since its incorporation in 2013.
The VLGC sector is characterized by a high barrier to entry due to the significant capital expenditure required for vessel construction and the specialized technical expertise needed for cryogenic cargo handling. LPG demand is often driven by residential heating and cooking needs in emerging markets, as well as feedstock requirements for the petrochemical industry. Investors may find more granular financial metrics and peer comparisons by exploring the data on ValueRay. As a pure-play VLGC operator, Dorian LPG’s revenue is primarily influenced by spot market charter rates and global arbitrage opportunities between major export hubs and demand centers.
- Global LPG arbitrage spreads drive VLGC spot market freight rates
- High fleet utilization rates sustain dividend payouts and share buybacks
- Panama Canal transit restrictions impact global fleet supply and pricing
- IMO 2030 compliance costs and carbon intensity regulations affect operational margins
- US propane production growth increases export demand for long-haul shipping routes
| Net Income: 193.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -5.05 > 1.0 |
| NWC/Revenue: 58.87% < 20% (prev 77.68%; Δ -18.81% < -1%) |
| CFO/TA 0.10 > 3% & CFO 178.2m > Net Income 193.7m |
| Net Debt (542.2m) to EBITDA (284.7m): 1.90 < 3 |
| Current Ratio: 2.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.6m) vs 12m ago -0.35% < -2% |
| Gross Margin: 57.52% > 18% (prev 0.43%; Δ 5.71k% > 0.5%) |
| Asset Turnover: 26.19% > 50% (prev 19.87%; Δ 6.33% > 0%) |
| Interest Coverage Ratio: 7.34 > 6 (EBITDA TTM 284.7m / Interest Expense TTM 29.2m) |
| A: 0.15 (Total Current Assets 450.3m - Total Current Liabilities 168.8m) / Total Assets 1.87b |
| B: 0.21 (Retained Earnings 400.0m / Total Assets 1.87b) |
| C: 0.12 (EBIT TTM 214.6m / Avg Total Assets 1.83b) |
| D: 0.55 (Book Value of Equity 400.6m / Total Liabilities 732.7m) |
| Altman-Z'' = 3.05 = A |
| DSRI: 1.48 (Receivables 99.1m/49.4m, Revenue 478.1m/353.3m) |
| GMI: 0.75 (GM 57.52% / 43.21%) |
| AQI: 1.08 (AQ_t 0.03 / AQ_t-1 0.03) |
| SGI: 1.35 (Revenue 478.1m / 353.3m) |
| TATA: 0.01 (NI 193.7m - CFO 178.2m) / TA 1.87b) |
| Beneish M = -2.55 (Cap -4..+1) = A |
As of May 28, 2026, the stock is trading at USD 43.47 with a total of 594,564 shares traded.
Over the past week, the price has changed by +2.72%,
over one month by +17.39%,
over three months by +20.47% and
over the past year by +114.42%.
Dorian G has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy LPG.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48.4 | 11.3% |
P/E Trailing = 10.2335
P/E Forward = 5.5897
P/S = 4.128
P/B = 1.7451
P/EG = -1.02
Revenue TTM = 478.1m USD
EBIT TTM = 214.6m USD
EBITDA TTM = 284.7m USD
Long Term Debt = 415.4m USD (from longTermDebt, two quarters ago)
Short Term Debt = 146.8m USD (from shortTermDebt, last quarter)
Debt = 869.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 160.4m
Net Debt = 542.2m USD (calculated: Debt 869.6m - CCE 327.4m)
Enterprise Value = 2.53b USD (1.99b + Debt 869.6m - CCE 327.4m)
Interest Coverage Ratio = 7.34 (Ebit TTM 214.6m / Interest Expense TTM 29.2m)
EV/FCF = 15.34x (Enterprise Value 2.53b / FCF TTM 164.9m)
FCF Yield = 6.52% (FCF TTM 164.9m / Enterprise Value 2.53b)
FCF Margin = 34.50% (FCF TTM 164.9m / Revenue TTM 478.1m)
Net Margin = 40.51% (Net Income TTM 193.7m / Revenue TTM 478.1m)
Gross Margin = 57.52% ((Revenue TTM 478.1m - Cost of Revenue TTM 203.1m) / Revenue TTM)
Gross Margin QoQ = 62.98% (prev 51.19%)
Tobins Q-Ratio = 1.35 (Enterprise Value 2.53b / Total Assets 1.87b)
Interest Expense / Debt = 3.36% (Interest Expense 29.2m / Debt 869.6m)
Taxrate = 21.0% (US default 21%)
NOPAT = 169.5m (EBIT 214.6m * (1 - 21.00%))
Current Ratio = 2.67 (Total Current Assets 450.3m / Total Current Liabilities 168.8m)
Debt / Equity = 0.76 (Debt 869.6m / totalStockholderEquity, last quarter 1.14b)
Debt / EBITDA = 1.90 (Net Debt 542.2m / EBITDA 284.7m)
Debt / FCF = 3.29 (Net Debt 542.2m / FCF TTM 164.9m)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.61% (Net Income 193.7m / Total Assets 1.87b)
RoE = 17.91% (Net Income TTM 193.7m / Total Stockholder Equity 1.08b)
RoCE = 14.34% (EBIT 214.6m / Capital Employed (Equity 1.08b + L.T.Debt 415.4m))
RoIC = 11.14% (NOPAT 169.5m / Invested Capital 1.52b)
WACC = 6.15% (E(1.99b)/V(2.86b) * Re(7.68%) + D(869.6m)/V(2.86b) * Rd(3.36%) * (1-Tc(0.21)))
Discount Rate = 7.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 47.74 | Cagr: 2.26%
[DCF] Terminal Value 73.10% ; FCFF base≈197.5m ; Y1≈173.2m ; Y5≈140.0m
[DCF] Fair Price = 39.84 (EV 2.25b - Net Debt 542.2m = Equity 1.70b / Shares 42.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -63.11 | EPS CAGR: -33.21% | SUE: 4.0 | # QB: 1
Revenue Correlation: -51.93 | Revenue CAGR: -10.43% | SUE: 3.79 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.79 | Chg30d=+82.65% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.88 | Chg30d=+101.07% | Revisions=N/A | Analysts=1
EPS current Year (2027-03-31): EPS=6.29 | Chg30d=+82.98% | Revisions=+20% | GrowthEPS=+37.6% | GrowthRev=+14.2%
EPS next Year (2028-03-31): EPS=3.01 | Chg30d=+19.21% | Revisions=+33% | GrowthEPS=-52.1% | GrowthRev=-28.9%
[Analyst] Revisions Ratio: +33%