BW LPG Limited(BWLP)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
5-STAR RATING
STRONG BUY
BUY for 47 days
PROFIT SINCE LAST BUY
+16.57% ▲
LAST CLOSE
$24.06
09/24/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for BWLP

09/24/2026: BWLP (5-star) is a STRONG-BUY. BUY for 47 days. Simulated Profits (16.57%). Updated daily EoD!

BW LPG Limited is a major operator in the global Very Large Gas Carrier (VLGC) market, specializing in the transportation of Liquefied Petroleum Gas. The company distinguishes itself through a large, modern, and energy-efficient fleet, much of which utilizes dual-fuel technology. Its primary growth opportunity lies in the continued global demand for LPG as a cleaner transition fuel, particularly from U.S. exports. Investors should monitor cyclical freight rate fluctuations and the potential for excess industry supply as primary risks. The stock may suit dividend-focused investors, though it carries volatility risks characteristic of the cyclical energy shipping industry.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company operates in a cyclical commodity shipping market rather than high-growth tech, limiting secular growth potential.
Momentum investorStrong fit while signal remains positiveStrong fit during periods of rising freight rates and sector-wide bullish trends.
Value investorMixed fitValue suitability depends on the timing within the shipping cycle and current valuation relative to NAV.
Dividend investorStrong fitThe company has a history of returning significant capital to shareholders through dividends.
Low-risk investorWeak fitShipping stocks are inherently volatile due to freight rate fluctuations and geopolitical risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighFreight rates can fluctuate wildly based on global demand and vessel supply.
Valuation riskMediumValuations are highly sensitive to the current position in the shipping cycle.
Competition risk (LPG shipping)Medium / highExcessive fleet growth by competitors can rapidly depress charter rates.
Business qualityMediumWhile the company has a strong reputation, it operates in a commodity-driven, capital-intensive industry.
Dividend incomeMediumDividends are variable and tied to volatile earnings rather than fixed distributions.
Execution riskMediumOperational efficiency and timely fleet upgrades are essential for profitability.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 71.21%
Avg. Invested days 36
Today’s Advisory Strong Buy
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 4.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/24/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BWLP receives a 3-star rating, supported by solid quantitative characteristics. The rating is constrained by soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
BWLP has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 9.7%) is partially offset by negative earnings growth (-25.5%), moderate revenue growth (+9.6%), soft profitability (net margin 6.8%).

Financial Health Rating

★★★★★
BWLP's financial health is supported by solid cash strength, including free-cash-flow generation (9.7% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is BWLP's strongest growth driver at +142.5% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+9.6%, moderate) and earnings growth (-25.5%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 37.8% and approximately 53.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 38.39% supports management-shareholder alignment.

Unit Economics (Per $1K Revenue)

★★★★★
BWLP generates approximately $144 of gross profit, $83 of operating income, and $97 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 4.67%

Quantitative Style Profile

★★★★★
BWLP has a high-quality, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.69B USD
Price to earnings Ratio 8.32
1Y Target Price -
Price to earnings Ratio 8.32
1Y Target Price -
Volume (30-day avg) 449.5K shares
Beta 0.11
52 Weeks Range 10.14 - 26.47
Updated Date 09/24/2026
52 Weeks Range 10.14 - 26.47
Updated Date 09/24/2026
Dividends yield (FY) 10.60%
Basic EPS (TTM) 2.92

How Company Makes Money

Business areaWhat it includesRetail investor read
LPG ShippingRevenue from chartering VLGC vessels to transport LPG cargoes globally.The primary income source is moving gas around the world, which earns more when shipping demand is high.
LPG TradingBuying and selling LPG cargoes to optimize utilization.Trading helps the company make extra profit by utilizing its own ships for its own cargo.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Earnings Date

Report Date 2026-08-28
When Before Market
Estimate 1.19
Actual 0.79

Profitability

Profit Margin 12.64%
Operating Margin (TTM) 13.78%

Management Effectiveness

Return on Assets (TTM) 10.04%
Return on Equity (TTM) 25.46%

Valuation

Trailing PE 8.32
Forward PE 14.51
Enterprise Value 4.40B
Price to Sales(TTM) 1.05
Enterprise Value 4.40B
Price to Sales(TTM) 1.05
Enterprise Value to Revenue 1.25
Enterprise Value to EBITDA 5.33
Shares Outstanding 151.81M
Shares Floating 81.49M
Shares Outstanding 151.81M
Shares Floating 81.49M
Percent Insiders 38.39
Percent Institutions 37.78

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About BW LPG Limited

Exchange NYSE
Headquarters -
IPO Launch date 2014-01-28
CEO & Interim Head of Commercial Mr. Kristian Sorensen
Sector Energy
Industry Oil & Gas Midstream
Full time employees 1444
Full time employees 1444

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises. As of December 31, 2025, it owned and operated a fleet of 54 vessels, including 28 very large gas carriers, 7 large gas carriers time chartered in by product services, and 8 VLGCs owned by BW LPG India Pte. Ltd. BW LPG Limited was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013. The company was founded in 1935 and is headquartered in Singapore.