DORIAN LPG LTD (LPG) Stock Fundamental Analysis

NYSE:LPG • MHY2106R1100

36.99 USD
+0.29 (+0.79%)
At close: Feb 27, 2026
36.8 USD
-0.19 (-0.51%)
After Hours: 2/27/2026, 8:15:57 PM
Fundamental Rating

6

Taking everything into account, LPG scores 6 out of 10 in our fundamental rating. LPG was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. LPG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. LPG is cheap, but on the other hand it scores bad on growth. These ratings could make LPG a good candidate for value investing.


Dividend Valuation Growth Profitability Health

6

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M

1.2 Ratios

  • LPG's Return On Assets of 6.79% is fine compared to the rest of the industry. LPG outperforms 74.88% of its industry peers.
  • LPG has a Return On Equity of 11.12%. This is in the better half of the industry: LPG outperforms 64.73% of its industry peers.
  • LPG has a Return On Invested Capital of 6.89%. This is in the better half of the industry: LPG outperforms 64.25% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for LPG is significantly below the industry average of 22.17%.
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

  • LPG has a better Profit Margin (29.88%) than 87.92% of its industry peers.
  • LPG's Profit Margin has declined in the last couple of years.
  • LPG's Operating Margin of 34.87% is amongst the best of the industry. LPG outperforms 82.13% of its industry peers.
  • LPG's Operating Margin has declined in the last couple of years.
  • LPG's Gross Margin of 85.45% is amongst the best of the industry. LPG outperforms 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

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.
  • Compared to 1 year ago, LPG has more shares outstanding
  • LPG has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, LPG has an improved debt to assets ratio.
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 2.29 indicates that LPG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.29, LPG is doing good in the industry, outperforming 69.08% of the companies in the same industry.
  • The Debt to FCF ratio of LPG is 3.79, which is a good value as it means it would take LPG, 3.79 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of LPG (3.79) is better than 70.53% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that LPG is not too dependend on debt financing.
  • The Debt to Equity ratio of LPG (0.38) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.79
Altman-Z 2.29
ROIC/WACC0.92
WACC7.5%
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.
  • The Current ratio of LPG (2.41) is better than 80.68% of its industry peers.
  • A Quick Ratio of 2.40 indicates that LPG has no problem at all paying its short term obligations.
  • LPG has a better Quick ratio (2.40) than 81.64% of its industry peers.
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

2

3. Growth

3.1 Past

  • The earnings per share for LPG have decreased strongly by -25.57% in the last year.
  • LPG shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.02% yearly.
  • Looking at the last year, LPG shows a decrease in Revenue. The Revenue has decreased by -3.51% in the last year.
  • Measured over the past years, LPG shows a small growth in Revenue. The Revenue has been growing by 1.17% on average per year.
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

  • The Earnings Per Share is expected to decrease by -19.56% on average over the next years. This is quite bad
  • 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 Y86.01%
EPS Next 2Y16.21%
EPS Next 3Y-19.56%
EPS Next 5YN/A
Revenue Next Year25.28%
Revenue Next 2Y8.7%
Revenue Next 3Y-2.02%
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

7

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 12.58, LPG is valued correctly.
  • 73.91% of the companies in the same industry are more expensive than LPG, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, LPG is valued rather cheaply.
  • LPG is valuated reasonably with a Price/Forward Earnings ratio of 11.96.
  • Based on the Price/Forward Earnings ratio, LPG is valued a bit cheaper than 75.85% of the companies in the same industry.
  • LPG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.05.
Industry RankSector Rank
PE 12.58
Fwd PE 11.96
LPG Price Earnings VS Forward Price EarningsLPG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, LPG is valued a bit cheaper than 60.87% of the companies in the same industry.
  • 78.26% of the companies in the same industry are more expensive than LPG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.69
EV/EBITDA 8.45
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.
  • LPG has a very decent profitability rating, which may justify a higher PE ratio.
  • LPG's earnings are expected to decrease with -19.56% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y16.21%
EPS Next 3Y-19.56%

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.62%, LPG is a good candidate for dividend investing.
  • LPG's Dividend Yield is rather good when compared to the industry average which is at 3.47. LPG pays more dividend than 81.16% 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 6.62%

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 2Y16.21%
EPS Next 3Y-19.56%
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

DORIAN LPG LTD

NYSE:LPG (2/27/2026, 8:15:57 PM)

After market: 36.8 -0.19 (-0.51%)

36.99

+0.29 (+0.79%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-20
Inst Owners65.88%
Inst Owner Change2.13%
Ins Owners14.13%
Ins Owner Change-2.56%
Market Cap1.58B
Revenue(TTM)404.13M
Net Income(TTM)120.74M
Analysts84.44
Price Target37.99 (2.7%)
Short Float %4.22%
Short Ratio2.98
Dividend
Industry RankSector Rank
Dividend Yield 6.62%
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)13.05%
PT rev (3m)9.05%
EPS NQ rev (1m)14.04%
EPS NQ rev (3m)73.4%
EPS NY rev (1m)6.5%
EPS NY rev (3m)34.86%
Revenue NQ rev (1m)5.62%
Revenue NQ rev (3m)26.03%
Revenue NY rev (1m)1.97%
Revenue NY rev (3m)12.63%
Valuation
Industry RankSector Rank
PE 12.58
Fwd PE 11.96
P/S 3.91
P/FCF 11.69
P/OCF 8.87
P/B 1.46
P/tB 1.46
EV/EBITDA 8.45
EPS(TTM)2.94
EY7.95%
EPS(NY)3.09
Fwd EY8.36%
FCF(TTM)3.16
FCFY8.55%
OCF(TTM)4.17
OCFY11.27%
SpS9.46
BVpS25.4
TBVpS25.4
PEG (NY)0.15
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 2.29
F-Score5
WACC7.5%
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 Y86.01%
EPS Next 2Y16.21%
EPS Next 3Y-19.56%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.51%
Revenue growth 3Y8.82%
Revenue growth 5Y1.17%
Sales Q2Q%48.72%
Revenue Next Year25.28%
Revenue Next 2Y8.7%
Revenue Next 3Y-2.02%
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 7 / 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 12.58 and the Price/Book (PB) ratio is 1.46.


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 86.01% in the next year.