Dorian LPG (LPG) AI Stock Analysis

• Market Cap: $1.29B
• Dividend Yield: 10.36%
• Average Volume (3M): 612.29K
• Price to Earnings (P/E): 26.4
• Beta (1Y): 1.08
• Revenue Growth: -42.64%
• EPS Growth: -84.82%
• Country: US
• Employees: 577
• Sector: Energy
• Sector Strength: 44
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.27
• Shares Outstanding: 42,647,720
• 10 Day Avg. Volume: 816,207
• 30 Day Avg. Volume: 612,287
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 4.10
• Enterprise Value/Gross Profit: 9.49
• Enterprise Value/Ebitda: 7.72
• 1Y Price Target: $33.00
• Price Target Upside: 8.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 76 Outperform
• Price Target: $31.00 ▲(2.34% Upside)

Dorian LPG's overall score is driven by its solid financial performance and effective operational management, as highlighted in the earnings call. The company's high dividend yield adds to its attractiveness, though technical indicators and valuation suggest a more neutral stance. Geopolitical challenges and dry dock impacts were noted but do not overshadow the overall positive outlook.

Dorian LPG Business Overview & Revenue Model

Company Description

Dorian LPG Ltd. is a leading provider of international seaborne transportation services for liquefied petroleum gas (LPG). The company operates a modern fleet of very large gas carriers (VLGCs) and specializes in the transportation of LPG, which is utilized for heating, cooking, and as a feedstock in various industrial processes. Dorian LPG primarily serves customers in the global energy sector, facilitating the efficient movement of LPG from producers to consumers across key markets.

How the Company Makes Money

Dorian LPG generates revenue primarily through the transportation of LPG via its fleet of vessels. The company operates under two main revenue models: time charters and spot market contracts. In time charters, Dorian leases its vessels to customers for a fixed period, providing stable and predictable income. In spot market contracts, the company earns revenue based on current market rates for LPG transportation, which can fluctuate based on supply and demand dynamics. Additionally, Dorian LPG benefits from operational efficiencies and cost management practices that maximize profitability. The company also engages in strategic partnerships and long-term contracts with major energy producers and traders, which contribute to its revenue stability and growth potential.

Dorian LPG Financial Statement Overview

Summary

Dorian LPG demonstrates solid financial health with strong profitability and efficient operational management. Despite concerns about declining revenue and reduced free cash flow, the company maintains a robust balance sheet with manageable leverage and a 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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	353.34M	353.34M	560.72M	389.75M	274.22M	315.94M
Gross Profit	152.69M	152.69M	365.24M	228.05M	112.99M	147.71M
EBITDA	187.64M	192.98M	397.50M	261.76M	151.57M	197.84M
Net Income	90.17M	90.17M	307.45M	172.44M	71.94M	92.56M
Balance Sheet
Total Assets	1.78B	1.78B	1.84B	1.61B	1.58B	1.67B
Cash, Cash Equivalents and Short-Term Investments	316.88M	316.88M	294.04M	236.76M	79.33M	63.31M
Total Debt	712.98M	712.98M	797.34M	670.84M	609.14M	661.84M
Total Liabilities	732.55M	732.55M	814.12M	687.21M	634.79M	694.91M
Stockholders Equity	1.05B	1.05B	1.02B	920.15M	946.83M	977.05M
Cash Flow
Free Cash Flow	154.06M	154.06M	355.59M	95.51M	161.09M	149.01M
Operating Cash Flow	173.01M	173.01M	388.45M	118.70M	170.60M	169.04M
Investing Cash Flow	-7.36M	-7.36M	-34.80M	68.77M	1.02M	-33.14M
Financing Cash Flow	-131.29M	-131.29M	-219.72M	-35.18M	-174.48M	-114.65M

Dorian LPG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 30.29 is above the 20-day moving average (MA) of 29.04, above the 50-day MA of 26.52, and above the 200-day MA of 23.21, indicating a bullish trend. The MACD of 1.05 indicates Positive momentum. The RSI at 62.80 is Neutral, neither overbought nor oversold. The STOCH value of 78.11 is Neutral, 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	$1.08B	12.37	7.39%	1.27%	1.19%	12.56%
TNK	79 Outperform	$1.52B	5.47	15.78%	4.46%	-21.71%	-37.58%
LPG	76 Outperform	$1.29B	26.35	4.54%	10.36%	-42.64%	-84.82%
DHT	75 Outperform	$1.80B	9.48	17.90%	7.23%	-8.89%	21.28%
FLNG	72 Outperform	$1.34B	13.21	12.69%	11.89%	-3.86%	-24.86%
Sector *	56 Neutral	C$4.18B	2.00	16.25%	5.63%	10.54%	-54.53%
MMLP	49 Neutral	$135.91M	33.55	-6.93%	0.58%	-1.06%	-340.61%

Dorian LPG Corporate Events

Dorian LPG Announces Irregular Cash Dividend Payout

On August 1, 2025, Dorian LPG announced an irregular cash dividend of $0.60 per share, totaling approximately $25.6 million, to be paid on August 27, 2025. The company also reported its financial results for the first quarter of fiscal year 2026, ending June 30, 2025, with revenues of $84.2 million and a net income of $10.1 million. The results were impacted by a heavy drydocking schedule and market volatility, leading to a decrease in adjusted net income compared to the previous year.

The most recent analyst rating on (LPG) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Dorian LPG stock, see the LPG Stock Forecast page.