LPG Stock Analysis: Dorian G | NYSE
Oil & Gas Midstream | NYSE, USA | Market Cap: 1.971m USD | 12M Return: 101.4% | MHY2106R1100 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 27.8M
EPS Trend: -17.5%
Qual. Beats: 3
Rev. Trend: -0.8%
Qual. Beats: 3
Warnings
No concerns identified
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 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: 480.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 11.61 > 1.0 |
| NWC/Revenue: 108.7% < 20% (prev 73.84%; Δ 34.84% < -1%) |
| CFO/TA 0.20 > 3% & CFO 398.3m > Net Income 480.3m |
| Net Debt (164.0m) to EBITDA (381.7m): 0.43 < 3 |
| Current Ratio: 8.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.9m) vs 12m ago 0.73% < -2% |
| Gross Margin: 68.04% > 18% (prev 46.92%; Δ 21.11% > 0.5%) |
| Asset Turnover: 35.79% > 50% (prev 20.30%; Δ 15.49% > 0%) |
| Interest Coverage Ratio: 9.63 > 6 (EBIT TTM 300.8m / Interest Expense TTM 31.2m) |
| A: 0.36 (Total Current Assets 844.8m - Total Current Liabilities 103.1m) / Total Assets 2.03b |
| B: 0.33 (Retained Earnings 666.6m / Total Assets 2.03b) |
| C: 0.16 (EBIT TTM 300.8m / Avg Total Assets 1.91b) |
| D: 2.27 (Book Value of Equity 1.41b / Total Liabilities 622.2m) |
| Altman-Z'' = 6.90 = AAA |
| DSRI: 0.94 (Receivables 162.9m/92.1m, Revenue 682.5m/361.4m) |
| GMI: 0.69 (GM 46.92% / 68.04%) |
| AQI: 0.74 (AQ_t 0.02 / AQ_t-1 0.03) |
| SGI: 1.89 (Revenue 682.5m / 361.4m) |
| TATA: 0.04 (NI 480.3m - CFO 398.3m) / TA 2.03b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of November 13, 2026, the stock is trading at USD 47.40 with a total of 588,536 shares traded. Over the past week, the price has changed by -1.46%, over one month by -16.37%, over three months by +13.17% and over the past year by +101.38%.
Current recommended Stop Loss: 43.80 (which is 7.6% or 1.5 ATR below the current price).
Dorian G has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy LPG.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 56.6 | 19.4% |
P/E Trailing = 6.1033
P/E Forward = 5.0378
P/S = 3.4058
P/B = 1.7102
P/EG = -1.02
Revenue TTM = 682.5m USD
EBIT TTM = 300.8m USD
EBITDA TTM = 381.7m USD
Long Term Debt = 460.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 86.2m USD (from shortTermDebt, last quarter)
Debt = 742.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 138.7m
Net Debt = 164.0m USD (calculated: Debt 742.7m - CCE 578.8m)
Enterprise Value = 2.14b USD (1.97b + Debt 742.7m - CCE 578.8m)
Interest Coverage Ratio = 9.63 (Ebit TTM 300.8m / Interest Expense TTM 31.2m)
EV/FCF = 6.32x (Enterprise Value 2.14b / FCF TTM 338.0m)
FCF Yield = 15.83% (FCF TTM 338.0m / Enterprise Value 2.14b)
FCF Margin = 49.52% (FCF TTM 338.0m / Revenue TTM 682.5m)
Net Margin = 70.38% (Net Income TTM 480.3m / Revenue TTM 682.5m)
Gross Margin = 68.04% ((Revenue TTM 682.5m - Cost of Revenue TTM 218.1m) / Revenue TTM)
Gross Margin QoQ = 81.77% (prev 66.73%)
Tobins Q-Ratio = 1.05 (Enterprise Value 2.14b / Total Assets 2.03b)
Interest Expense / Debt = 4.20% (Interest Expense 31.2m / Debt 742.7m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 237.6m (EBIT 300.8m * (1 - 21.00%))
Current Ratio = 8.20 (Total Current Assets 844.8m / Total Current Liabilities 103.1m)
Debt / Equity = 0.53 (Debt 742.7m / totalStockholderEquity, last quarter 1.41b)
Debt / EBITDA = 0.43 (Net Debt 164.0m / EBITDA 381.7m)
Debt / FCF = 0.49 (Net Debt 164.0m / FCF TTM 338.0m)
Total Stockholder Equity = 1.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 25.19% (Net Income 480.3m / Total Assets 2.03b)
RoE = 39.44% (Net Income TTM 480.3m / Total Stockholder Equity 1.22b)
RoCE = 17.92% (EBIT 300.8m / Capital Employed (Equity 1.22b + L.T.Debt 460.2m))
RoIC = 11.99% (NOPAT 237.6m / Invested Capital 1.98b)
WACC = 5.02% (E(1.97b)/V(2.71b) * Re(5.66%) + D(742.7m)/V(2.71b) * Rd(4.20%) * (1-Tc(0.21)))
Discount Rate = 5.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.73 | Cagr: 1.96%
[DCF] Terminal Value 77.97% ; FCFF base≈238.5m ; Y1≈273.4m ; Y5≈402.3m
[DCF] Fair Price = 137.7 (EV 6.05b - Net Debt 164.0m = Equity 5.89b / Shares 42.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -17.54 | EPS CAGR: -11.39% | SUE: 1.84 | # QB: 3
Revenue Correlation: -0.84 | Revenue CAGR: -0.22% | SUE: 2.00 | # QB: 3
EPS current Quarter (2026-12-31): EPS=2.86 | Chg30d=+42.52% | Revisions=+25% | Analysts=3
EPS current Year (2027-03-31): EPS=10.20 | Chg30d=+31.54% | Revisions=+0% | GrowthEPS=+123.2% | GrowthRev=+45.2%
EPS next Year (2028-03-31): EPS=4.91 | Chg30d=+19.56% | Revisions=-25% | GrowthEPS=-51.8% | GrowthRev=-40.7%
[Analyst] Revisions Ratio: +0% (up=2, down=2)