LPG Stock Financial Analysis - Dorian LPG Ltd. (NYSE) Stock

Overview

Dorian LPG Ltd., based in Stamford, Connecticut, USA, primarily operates in the energy sector, specifically in the transportation of liquefied petroleum gas (LPG). Established in 2013, the company has grown to become a global leader in LPG shipping, maintaining a substantial fleet of very large gas carriers (VLGCs). Dorian LPG is committed to environmentally responsible practices and technologies, advancing its operations with eco-friendly initiatives. One of their noteworthy projects is the adoption of LPG fuel propulsion technology, which significantly reduces the environmental impact compared to conventional marine fuels. This adoption underscores their dedication to innovation and environmental sustainability, playing a critical role in their strategic growth and operational efficiency in the LPG shipping industry.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Dorian LPG Ltd. as of June 30, 2025 is 320.69 MM.
The operating income for Dorian LPG Ltd. as of June 30, 2025 is 72.76 MM.
The net income for Dorian LPG Ltd. as of June 30, 2025 is 48.96 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	320.69	72.76	48.96
2025-03-31	349.67	112.64	90.17
2024-12-31	416.95	180.33	161.32
2024-09-30	498.83	267.29	239.93
2024-06-30	560.84	328.68	307.01
2024-03-31	558.83	328.83	307.45
2023-12-31	550.00	330.23	304.23
2023-09-30	490.20	277.39	255.52
2023-06-30	421.65	225.04	199.32
2023-03-31	387.26	198.36	172.44
2022-12-31	338.29	148.27	131.81
2022-09-30	303.92	113.32	97.12
2022-06-30	290.13	100.83	90.91
2022-03-31	268.68	85.14	71.94
2021-12-31	289.59	101.75	80.59
2021-09-30	308.75	121.07	99.83
2021-06-30	300.67	110.84	86.27
2021-03-31	315.94	120.10	92.56
2020-12-31	307.81	119.58	77.96
2020-09-30	305.82	119.46	77.76
2020-06-30
2020-03-31

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31	3.88	3.87
2024-09-30	5.85	5.82
2024-06-30	7.59	7.56
2024-03-31	7.63	7.60
2023-12-31	7.57	7.54
2023-09-30	6.36	6.35
2023-06-30	4.97	4.95
2023-03-31	4.31	4.29
2022-12-31	3.30	3.28
2022-09-30	2.43	2.42
2022-06-30	2.28	2.27
2022-03-31	1.79	1.78
2021-12-31	1.92	1.91
2021-09-30	2.24	2.23
2021-06-30	1.82	1.82
2021-03-31	1.86	1.86
2020-12-31	1.53	1.53
2020-09-30	1.50	1.50
2020-06-30	2.23	2.23
2020-03-31	2.08	2.07

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Dorian LPG Ltd. as of June 30, 2025 is 132.60 MM.
The cash from investing activities for Dorian LPG Ltd. as of June 30, 2025 is -9.17 MM.
The cash from financing activities for Dorian LPG Ltd. as of June 30, 2025 is -199.12 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	132.60	-9.17	-199.12
2025-03-31	173.01	-7.36	-131.29
2024-12-31	277.06	-28.99	-141.82
2024-09-30	323.44	-26.47	-139.55
2024-06-30	366.41	-33.71	-134.84
2024-03-31	388.45	-34.80	-219.72
2023-12-31	332.23	-76.30	-176.89
2023-09-30	304.35	-76.63	-176.88
2023-06-30	253.23	-71.86	-181.03
2023-03-31	224.06	-76.34	-235.23
2022-12-31	155.97	36.28	-177.97
2022-09-30	128.28	27.49	-117.25
2022-06-30	114.72	73.99	-116.35
2022-03-31	118.70	68.77	-35.18
2021-12-31	171.77	18.37	-207.78
2021-09-30	187.58	25.78	-255.43
2021-06-30	155.70	-7.37	-210.84
2021-03-31	170.60	1.02	-174.48
2020-12-31	146.26	-16.94	-97.56
2020-09-30	164.94	-21.43	-81.52
2020-06-30
2020-03-31

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Dorian LPG Ltd. as of June 30, 2025 is 11.56.
The p/book for Dorian LPG Ltd. as of June 30, 2025 is 1.00.
The p/tbv for Dorian LPG Ltd. as of June 30, 2025 is 1.00.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	11.56	1.00	1.00
2025-03-31		0.90	0.90
2024-12-31		0.94	0.94
2024-09-30	4.72	1.29	1.29
2024-06-30	5.79	1.74	1.74
2024-03-31		1.54	1.54
2023-12-31	6.97	1.93	1.93
2023-09-30	5.82	1.31	1.31
2023-06-30	7.71	1.21	1.21
2023-03-31	6.11	0.96
2022-12-31		0.93	0.93
2022-09-30		0.65	0.65
2022-06-30		0.66	0.66
2022-03-31	7.22	0.63	0.63
2021-12-31	5.10	0.56	0.56
2021-09-30	5.79	0.53	0.53
2021-06-30
2021-03-31	6.66	0.65	0.65
2020-12-31	9.51	0.73	0.73
2020-09-30	9.72	0.76	0.76
2020-06-30	6.43	0.77	0.77
2020-03-31	6.75	0.77	0.77

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Dorian LPG Ltd. as of June 30, 2025 is 0.07.
The ebit (3y)/ev for Dorian LPG Ltd. as of June 30, 2025 is 0.16.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.07	0.16
2025-03-31	0.13	0.18
2024-12-31	0.19	0.18
2024-09-30	0.18	0.13
2024-06-30	0.15	0.09
2024-03-31	0.16	0.09
2023-12-31	0.12	0.07
2023-09-30	0.12	0.08
2023-06-30	0.09	0.07
2023-03-31	0.10	0.08
2022-12-31	0.08	0.07
2022-09-30	0.09	0.09
2022-06-30	0.07	0.09
2022-03-31	0.08	0.09
2021-12-31	0.10	0.08
2021-09-30	0.09	0.06
2021-06-30
2021-03-31	0.08	0.05
2020-12-31	0.06	0.03
2020-09-30	0.06	0.02
2020-06-30	0.10	0.02
2020-03-31	0.08	0.01

Management Effectiveness

The roa for Dorian LPG Ltd. as of June 30, 2025 is 0.05.
The roe for Dorian LPG Ltd. as of June 30, 2025 is 0.08.
The roic for Dorian LPG Ltd. as of June 30, 2025 is 0.05.
The croic for Dorian LPG Ltd. as of June 30, 2025 is 0.02.
The ocroic for Dorian LPG Ltd. as of June 30, 2025 is 0.10.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.05	0.08	0.05	0.02	0.10
2025-03-31	0.09	0.16	0.09	0.06	0.15
2024-12-31	0.13	0.24	0.13	0.09	0.18
2024-09-30	0.17	0.33	0.16	0.10	0.19
2024-06-30	0.18	0.35	0.17	0.07	0.21
2024-03-31	0.20	0.36	0.17	0.04	0.18
2023-12-31	0.17	0.31	0.15	0.03	0.17
2023-09-30	0.13	0.24	0.12	0.00	0.15
2023-06-30	0.09	0.16	0.12	0.00	0.15
2023-03-31	0.08	0.14	0.10	-0.05	0.13
2022-12-31	0.06	0.11	0.07	0.03	0.09
2022-09-30	0.06	0.10	0.07	0.03	0.09
2022-06-30	0.05	0.08	0.06	0.05	0.08
2022-03-31	0.05	0.09	0.05	0.10	0.08
2021-12-31	0.06	0.10	0.05	-0.01	0.13
2021-09-30	0.05	0.09	0.07	-0.03	0.10
2021-06-30	0.05	0.09	0.06	-0.04	0.10
2021-03-31	0.06	0.09	0.06	-0.00	0.11
2020-12-31	0.05	0.08	0.05	0.02	0.09
2020-09-30	0.05	0.08	0.05	0.04	0.10
2020-06-30	0.07	0.13	0.07	0.05	0.13
2020-03-31	0.07	0.12	0.07	0.01	0.10

Gross Margins

The gross margin for Dorian LPG Ltd. as of June 30, 2025 is 0.63.
The net margin for Dorian LPG Ltd. as of June 30, 2025 is 0.26.
The operating margin for Dorian LPG Ltd. as of June 30, 2025 is 0.32.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.63	0.26	0.32
2025-03-31	0.69	0.39	0.43
2024-12-31	0.75	0.48	0.54
2024-09-30	0.77	0.55	0.59
2024-06-30	0.77	0.55	0.59
2024-03-31	0.78	0.55	0.60
2023-12-31	0.77	0.52	0.56
2023-09-30	0.75	0.47	0.53
2023-06-30	0.71	0.47	0.53
2023-03-31	0.71	0.44	0.51
2022-12-31	0.68	0.33	0.38
2022-09-30	0.67	0.33	0.38
2022-06-30	0.65	0.32	0.35
2022-03-31	0.67	0.26	0.31
2021-12-31	0.69	0.28	0.35
2021-09-30	0.66	0.32	0.39
2021-06-30	0.66	0.29	0.37
2021-03-31	0.68	0.30	0.38
2020-12-31	0.68	0.25	0.38
2020-09-30	0.69	0.25	0.39
2020-06-30	0.74	0.34	0.48
2020-03-31	0.75	0.34	0.48