Dorian Lpg Ltd.

Consumer Discretionary
Marine Transportation
www.dorianlpg.com

Earnings Score
Moat Score

Market Cap $943.60M
PE 4
Debt $637.50M
Cash $349.49M
EV $1.23B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$237.20M
EBIT	$265.40M
ROE	22%
ROA	14%
Equity	$1.09B
Growth Stability	-142%
PE	3.98
PEG	0.5
PB	0.87
P/S	1.87
Price/Cash	0.37
Debt/Equity	0.59
Net Margins	31%
Op. Margins	53%
Earnings CAGR	2%
Sales Growth YoY	-26%
Sales Growth QoQ	-28%
Sales CAGR	1%
FCF CAGR	2%
Equity CAGR	0%
Earnings Stability	-0.05
Earnings Growth YoY	-82%
Earnings Growth QoQ	-82%
Earnings CAGR 5Y	8%

Sales CAGR 5Y	-4%
FCF CAGR 5Y	-5%
Equity CAGR 5Y	-0%
Earnings CAGR 3Y	58%
Sales CAGR 3Y	58%
FCF CAGR 3Y	10%
Equity CAGR 3Y	7%
Market Cap	$943.60M
Revenue	$504.55M
Dividend Yield	18%
Payout Ratio	70%
Assets	$1.86B
Total Debt	$637.50M
Cash	$349.49M
Shares Outstanding	41.59M
EV	1.23B
Earnings Score	6%
Moat Score	96%
Working Capital	335.49M
Current Ratio	4.22
Shares Growth 3y	1%
Equity Growth QoQ	-3%
Equity Growth YoY	23%

Assets & ROA

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Stockholders Equity & ROE

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Dorian LPG Ltd is an international liquefied petroleum gas shipping company focused on owning and operating gas carriers, or VLGCs. The company currently owns and operates around 22 modern VLGCs, including nineteen new fuel-efficient 84,000 cbm ECO-design VLGCs. Dorian LPG has offices in Connecticut, USA, London, United Kingdom, and Athens, Greece.

SEC Filings

Direct access to Dorian Lpg Ltd. (LPG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2023
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31
2022
- 10-Q Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-K Mar 31

Sector Comparison

How does Dorian Lpg Ltd. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Dorian Lpg Ltd. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 2%

Stability -5%

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Dorian Lpg Ltd. Discounted Cash Flow

Fully customizable DCF calculator online for Dorian Lpg Ltd..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	03/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	09/2021	03/2022	08/2022	TTM
Net Margins	24%	45%	-1%	-13%	-32%	34%	29%	-	26%	-	31%
ROA	-	8%	1%	0%	-0%	10%	7%	-	6%	-	14%
ROE	-	13%	-0%	-2%	-6%	11%	10%	-	8%	-	22%

Good Net Margins (30.85%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	03/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	09/2021	03/2022	08/2022	TTM
Debt over FCF	-	-1.21	16.66	14.75	157.63	4.69	4.06	-	7.77	-	-
Debt over Equity	0.25	0.92	0.86	0.88	0.85	0.72	0.69	-	0.81	-	0.59
Growth Stability	-	-	-	-40%	-142%	-	100%	-	70%	-	-142%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.59)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-142%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	03/2015	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	09/2021	03/2022	08/2022	CAGR 5Y
Revenue YoY growth	-	178%	-42%	-5%	-1%	111%	-5%	-	-	-	-4%
Earnings YoY growth	-	413%	-101%	1K%	150%	-320%	-17%	-	-	-	8%
Equity YoY growth	-	13%	-1%	-2%	-5%	7%	-3%	-	-	-	-0%
FCF YoY growth	-	158%	-107%	13%	-91%	3K%	8%	-	-	-	-5%