LPG Stock Analysis: Dorian G | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 1.862m USD | 12M Return: 56.8% | MHY2106R1100 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.5M
EPS Trend: -63.1%
Qual. Beats: 1
Rev. Trend: -34.1%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Dorian LPG Ltd. (NYSE: LPG) is a U.S.-based, pure-play owner-operator of very large gas carriers (VLGCs), transporting liquefied petroleum gas (propane and butane) globally. Founded in 2013 and headquartered in Stamford, Connecticut, the company went public in 2014 and operates a fleet of 28 VLGCs, making it one of the larger independent shippers in the LPG transportation market. As a small-cap energy stock in the Oil & Gas Storage & Transportation sub-industry, Dorian LPGs earnings are closely tied to global LPG seaborne trade volumes, charter rates, and the supply-demand balance for VLGC tonnage, which is heavily influenced by U.S. LPG exports and demand from Asian petrochemical and heating markets.
- VLGC charter rates swing on Asian LPG import demand
- US propane exports surge, boosting tanker shipping volumes
- Fleet expansion adds VLGC capacity, pressuring near-term rates
| Net Income: 321.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.36 > 1.0 |
| NWC/Revenue: 85.64% < 20% (prev 80.39%; Δ 5.26% < -1%) |
| CFO/TA 0.13 > 3% & CFO 239.8m > Net Income 321.9m |
| Net Debt (470.1m) to EBITDA (424.5m): 1.11 < 3 |
| Current Ratio: 3.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.7m) vs 12m ago -0.04% < -2% |
| Gross Margin: 63.35% > 18% (prev 36.91%; Δ 26.44% > 0.5%) |
| Asset Turnover: 31.87% > 50% (prev 18.48%; Δ 13.39% > 0%) |
| Interest Coverage Ratio: 12.14 > 6 (EBIT TTM 355.1m / Interest Expense TTM 29.2m) |
| A: 0.26 (Total Current Assets 719.1m - Total Current Liabilities 220.9m) / Total Assets 1.90b |
| B: 0.26 (Retained Earnings 495.5m / Total Assets 1.90b) |
| C: 0.19 (EBIT TTM 355.1m / Avg Total Assets 1.83b) |
| D: 2.78 (Book Value of Equity 1.24b / Total Liabilities 444.5m) |
| Altman-Z'' = 6.80 = AAA |
| DSRI: 0.10 (Receivables 3.55m/76.3m, Revenue 581.7m/323.2m) |
| GMI: 0.58 (GM 36.91% / 63.35%) |
| AQI: 0.82 (AQ_t 0.02 / AQ_t-1 0.03) |
| SGI: 1.80 (Revenue 581.7m / 323.2m) |
| TATA: 0.04 (NI 321.9m - CFO 239.8m) / TA 1.90b) |
| Beneish M = -3.67 (Cap -4..+1) = AAA |
As of August 06, 2026, the stock is trading at USD 43.05 with a total of 837,490 shares traded. Over the past week, the price has changed by -5.80%, over one month by +16.52%, over three months by +12.70% and over the past year by +56.78%.
Current recommended Stop Loss: 38.90 (which is 9.6% or 2.2 ATR below the current price).
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 | 51 | 18.5% |
P/E Trailing = 9.5859
P/E Forward = 5.848
P/S = 3.9207
P/B = 1.7812
P/EG = -1.02
Revenue TTM = 581.7m USD
EBIT TTM = 355.1m USD
EBITDA TTM = 424.5m USD
Long Term Debt = 460.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 203.2m USD (from shortTermDebt, last quarter)
Debt = 812.2m USD (corrected: LT Debt 460.2m + ST Debt 203.2m) + Leases 148.7m
Net Debt = 470.1m USD (calculated: Debt 812.2m - CCE 342.1m)
Enterprise Value = 2.33b USD (1.86b + Debt 812.2m - CCE 342.1m)
Interest Coverage Ratio = 12.14 (Ebit TTM 355.1m / Interest Expense TTM 29.2m)
EV/FCF = 10.43x (Enterprise Value 2.33b / FCF TTM 223.5m)
FCF Yield = 9.58% (FCF TTM 223.5m / Enterprise Value 2.33b)
FCF Margin = 38.42% (FCF TTM 223.5m / Revenue TTM 581.7m)
Net Margin = 55.33% (Net Income TTM 321.9m / Revenue TTM 581.7m)
Gross Margin = 63.35% ((Revenue TTM 581.7m - Cost of Revenue TTM 213.2m) / Revenue TTM)
Gross Margin QoQ = 66.73% (prev 62.98%)
Tobins Q-Ratio = 1.23 (Enterprise Value 2.33b / Total Assets 1.90b)
Interest Expense / Debt = 3.60% (Interest Expense 29.2m / Debt 812.2m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 280.6m (EBIT 355.1m * (1 - 21.00%))
Current Ratio = 3.26 (Total Current Assets 719.1m / Total Current Liabilities 220.9m)
Debt / Equity = 0.66 (Debt 812.2m / totalStockholderEquity, last quarter 1.24b)
Debt / EBITDA = 1.11 (Net Debt 470.1m / EBITDA 424.5m)
Debt / FCF = 2.10 (Net Debt 470.1m / FCF TTM 223.5m)
Total Stockholder Equity = 1.13b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.63% (Net Income 321.9m / Total Assets 1.90b)
RoE = 28.44% (Net Income TTM 321.9m / Total Stockholder Equity 1.13b)
RoCE = 22.31% (EBIT 355.1m / Capital Employed (Equity 1.13b + L.T.Debt 460.2m))
RoIC = 15.12% (NOPAT 280.6m / Invested Capital 1.86b)
WACC = 5.13% (E(1.86b)/V(2.67b) * Re(6.12%) + D(812.2m)/V(2.67b) * Rd(3.60%) * (1-Tc(0.21)))
Discount Rate = 6.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 70.67 | Cagr: 2.28%
[DCF] Terminal Value 77.97% ; FCFF base≈178.8m ; Y1≈205.0m ; Y5≈301.7m
[DCF] Fair Price = 95.14 (EV 4.54b - Net Debt 470.1m = Equity 4.07b / Shares 42.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -63.11 | EPS CAGR: -33.21% | SUE: 3.50 | # QB: 1
Revenue Correlation: -34.13 | Revenue CAGR: -7.47% | SUE: 1.32 | # QB: 2
EPS current Quarter (2026-06-30): EPS=2.26 | Chg30d=-1.63% | Revisions=+25% | Analysts=4
EPS next Quarter (2026-09-30): EPS=2.42 | Chg30d=+4.64% | Revisions=+25% | Analysts=4
EPS current Year (2027-03-31): EPS=7.05 | Chg30d=+12.14% | Revisions=-25% | GrowthEPS=+54.3% | GrowthRev=+20.9%
EPS next Year (2028-03-31): EPS=3.76 | Chg30d=+24.81% | Revisions=+25% | GrowthEPS=-46.7% | GrowthRev=-27.7%
[Analyst] Revisions Ratio: +29% (up=3, down=1)