Dorian LPG Ltd logo

Dorian LPG Ltd(LPG)

Top Performer Top performer
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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
5-STAR RATING
STRONG BUY
BUY for 46 days
PROFIT SINCE LAST BUY
+19.8% ▲
LAST CLOSE
$53.43
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

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

09/25/2026: LPG (5-star) is a STRONG-BUY. BUY for 46 days. Simulated Profits (19.80%). Updated daily EoD!

Dorian LPG Ltd is a specialized shipping company that operates a modern fleet of Very Large Gas Carriers (VLGCs) focused on the global transport of liquefied petroleum gas. The company's strengths lie in its modern, fuel-efficient vessels and efficient operational model, which allows it to thrive during periods of high demand. The primary growth opportunity hinges on sustained global appetite for LPG, particularly from U.S. exports to Asia. However, investors must monitor cyclical industry risks, including potential oversupply of vessels and global economic volatility. While the stock can offer significant rewards during strong cycles, its sensitivity to commodity shipping rates makes it best suited for those comfortable with cyclical volatility.

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 fitGrowth is largely cyclical rather than secular, making it dependent on commodity trade flow trends.
Momentum investorStrong fit while signal remains positiveThe stock often reacts strongly to shifts in shipping spot rates, providing potential for momentum-driven gains.
Value investorStrong fitWhen trading at a discount to NAV, the stock often presents a compelling value proposition in the shipping sector.
Dividend investorMixed fitDividends are often variable and tied to cyclical earnings, which may not suit investors seeking consistent income.
Low-risk investorWeak fitThe shipping industry is inherently volatile and sensitive to global macroeconomic and geopolitical risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighShipping rates can swing rapidly based on fuel prices and global demand, impacting short-term profitability.
Valuation riskMediumStock price often tracks asset values (NAV) and is subject to market sentiment regarding the shipping cycle.
Competition risk (LPG shipping)MediumIntense competition from established players affects charter rate pricing power.
Business qualityMedium / highThe company maintains a high-quality, modern fleet which provides a competitive edge in operating costs.
Dividend incomeMedium / highPayouts are often irregular and dependent on volatile spot-market earnings.
Execution riskMediumEffective management of the Helios Pool and fleet maintenance are essential for maximizing utilization.

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 160.76%
Avg. Invested days 39
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 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
LPG receives a 4-star rating, supported by solid unit economics, solid company fundamentals, and solid quantitative characteristics. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
LPG has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and strong ownership. In FY2026 versus FY2025, strong earnings growth (+114.8%) supports the fundamentals score.

Financial Health Rating

★★★★★
LPG's financial health is supported by strong profitability, including gross margin of 54.1% and operating margin of 43.1%. Liquidity is solid (4 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is LPG's strongest growth driver at +114.8% FY2026 versus FY2025 (strong, 5 stars). By comparison, revenue growth (+36.3%, strong) is also strong, while free-cash-flow growth (-24.5%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 74.7% and approximately 86.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 14.05% supports management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 13.43%
Dimensional Fund Advisors, Inc. 6.12%
American Century Companies Inc 3.90%
State Street Corp 3.32%
Vanguard Portfolio Management, LLC 3.24%

Unit Economics (Per $1K Revenue)

★★★★★
LPG generates approximately $541 of gross profit, $431 of operating income, and $242 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
LPG 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 RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.29B USD
Price to earnings Ratio 7.09
1Y Target Price 54.6
Price to earnings Ratio 7.09
1Y Target Price 54.6
Volume (30-day avg) 581.6K shares
Beta 0.76
52 Weeks Range 22.18 - 59.97
Updated Date 09/27/2026
52 Weeks Range 22.18 - 59.97
Updated Date 09/27/2026
Dividends yield (FY) 6.20%
Basic EPS (TTM) 7.54

How Company Makes Money

Business areaWhat it includesRetail investor read
VLGC TransportationRevenue generated from chartering ships to transport LPG globally.The company earns money by moving LPG across oceans, with profits fluctuating based on the rates charged for this service.
Geography (Global Trade)Primary trade routes from the U.S. Gulf to Asia.Dorian primarily benefits from the long-distance export of LPG from the U.S. to major Asian markets.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 7.09
Forward PE 5.42
Enterprise Value 2.58B
Price to Sales(TTM) 3.95
Enterprise Value 2.58B
Price to Sales(TTM) 3.95
Enterprise Value to Revenue 4.41
Enterprise Value to EBITDA 6.13
Shares Outstanding 42.78M
Shares Floating 36.82M
Shares Outstanding 42.78M
Shares Floating 36.82M
Percent Insiders 14.05
Percent Institutions 74.7

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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 Dorian LPG Ltd

Exchange NYSE
Headquarters Stamford, CT, United States
IPO Launch date 2014-05-08
Chairman of the Board, President & CEO Mr. John C. Hadjipateras
Sector Energy
Industry Oil & Gas Midstream
Full time employees 602
Full time employees 602

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-eight very large gas carriers. Dorian LPG Ltd. was incorporated in 2013 and is headquartered in Stamford, Connecticut.