Dorian LPG (LPG) AI Stock Analysis

• Market Cap: $1.26B
• Dividend Yield: 10.81%
• Average Volume (3M): 614.58K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 1.05
• Revenue Growth: -36.98%
• EPS Growth: -71.55%
• Country: US
• Employees: 577
• Sector: Energy
• Sector Strength: 45
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.25
• Shares Outstanding: 42,647,720
• 10 Day Avg. Volume: 630,946
• 30 Day Avg. Volume: 614,584
• PEG Ratio: -0.30
• Price to Book (P/B): 1.16
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.86
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 0.87
• Enterprise Value/Gross Profit: 10.52
• Enterprise Value/Ebitda: 1.38
• 1Y Price Target: $35.00
• Price Target Upside: 18.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: $33.00 ▲(11.49%Upside)

Dorian LPG demonstrates solid financial health with strong profitability, strategic operational initiatives, and an attractive valuation. However, challenges such as revenue decline, cash flow sustainability, and market volatility due to geopolitical tensions are areas to watch.

Dorian LPG Business Overview & Revenue Model

Company Description

Dorian LPG is a leading owner and operator of modern Very Large Gas Carriers (VLGCs) that are primarily engaged in the seaborne transport of liquefied petroleum gas (LPG). The company operates in the maritime transportation sector, focusing on the safe and efficient shipment of LPG across the globe. Dorian LPG is known for its modern fleet, which is equipped with the latest technology to ensure safe and environmentally responsible operations.

How the Company Makes Money

Dorian LPG generates revenue primarily through the chartering of its VLGCs to customers in need of LPG transportation services. The company earns money by entering into time charters and voyage charters with major oil companies, commodity traders, and other entities that require the transport of LPG. Time charters involve leasing the vessels to customers for a set period, while voyage charters are contracted on a per-voyage basis. The company's earnings are influenced by factors such as charter rates, which are subject to market conditions, and operational efficiency. Strategic partnerships with major LPG producers and traders, along with the company's ability to optimize routes and manage operating expenses, also play a significant role in its profitability.

Dorian LPG Financial Statement Overview

Summary

Dorian LPG demonstrates solid financial health with strong profitability and efficient operational management. There are concerns regarding revenue decline and free cash flow reduction, but the company maintains a robust balance sheet with manageable leverage and strong return on equity.

Income Statement

Dorian LPG shows a strong gross profit margin and consistent net profit margins in the latest year. However, revenue has significantly decreased compared to the previous year, indicating volatility. Margins such as EBIT and EBITDA have remained robust, suggesting operational efficiency despite revenue fluctuations.

Balance Sheet

The company's balance sheet reflects a healthy equity ratio with stockholders' equity consistently exceeding total liabilities. The debt-to-equity ratio is moderate, indicating manageable leverage levels. Return on equity is strong, which is a positive indicator of profitability.

Cash Flow

Operating cash flow is strong relative to net income, indicating effective cash management. However, free cash flow has decreased compared to the previous year, which could suggest potential challenges in sustaining cash flow growth. The company maintains a positive free cash flow to net income ratio, reflecting efficient cash utilization.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	353.34M	560.72M	389.75M	274.22M	315.94M
Gross Profit	152.69M	365.24M	228.05M	112.99M	147.71M
EBITDA	192.98M	397.50M	261.76M	151.57M	197.84M
Net Income	90.17M	307.45M	172.44M	71.94M	92.56M
Balance Sheet
Total Assets	1.78B	1.84B	1.61B	1.58B	1.67B
Cash, Cash Equivalents and Short-Term Investments	316.88M	294.04M	236.76M	79.33M	63.31M
Total Debt	712.98M	797.34M	670.84M	609.14M	661.84M
Total Liabilities	732.55M	814.12M	687.21M	634.79M	694.91M
Stockholders Equity	1.05B	1.02B	920.15M	946.83M	977.05M
Cash Flow
Free Cash Flow	154.06M	355.59M	95.51M	161.09M	149.01M
Operating Cash Flow	173.01M	388.45M	118.70M	170.60M	169.04M
Investing Cash Flow	-7.36M	-34.80M	68.77M	1.02M	-33.14M
Financing Cash Flow	-131.29M	-219.72M	-35.18M	-174.48M	-114.65M

Dorian LPG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LPG, the sentiment is Positive. The current price of 29.6 is above the 20-day moving average (MA) of 27.21, above the 50-day MA of 24.78, and above the 200-day MA of 23.75, indicating a bullish trend. The MACD of 1.33 indicates Negative momentum. The RSI at 70.86 is Negative, neither overbought nor oversold. The STOCH value of 87.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LPG.

Dorian LPG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVGS	79 Outperform	$1.15B	13.09	7.38%	1.22%	6.38%	9.47%
TNK	78 Outperform	$1.56B	4.85	18.57%	4.42%	-21.27%	-34.25%
LPG	75 Outperform	$1.26B	13.71	8.71%	10.81%	-36.98%	-71.55%
DHT	74 Outperform	$1.79B	10.03	17.04%	7.28%	-5.32%	5.51%
FLNG	72 Outperform	$1.23B	12.14	12.69%	13.02%	-3.95%	-2.25%
Sector *	52 Neutral	C$2.96B	-1.55	-3.48%	6.54%	3.13%	-49.39%
MMLP	40 Underperform	$112.09M	33.55	-6.93%	0.70%	-1.06%	-340.61%

Dorian LPG Corporate Events

Dorian LPG Updates Executive Compensation Program

Dorian LPG‘s Compensation Committee has revised its executive compensation program to align more closely with industry peers and best practices. The new structure uses pre-established performance criteria to enhance transparency and align executive pay with company performance, promoting long-term strategy and reducing excessive risk-taking.

The most recent analyst rating on (LPG) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Dorian LPG stock, see the LPG Stock Forecast page.

Dorian LPG Announces Irregular Cash Dividend Declaration

On May 2, 2025, Dorian LPG Ltd. announced that its Board of Directors declared an irregular cash dividend of $0.50 per share, totaling approximately $21.3 million, payable on May 30, 2025, to shareholders of record as of May 16, 2025. This decision reflects the company’s financial strategy and operational considerations, impacting stakeholders by providing a direct return on investment, while highlighting the company’s discretion in future dividend declarations based on various financial and operational factors.