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Dorian LPG Ltd (LPG)



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Upturn Advisory Summary
09/15/2025: LPG (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $36
1 Year Target Price $36
3 | Strong Buy |
1 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 107.54% | Avg. Invested days 47 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.39B USD | Price to earnings Ratio 27.95 | 1Y Target Price 36 |
Price to earnings Ratio 27.95 | 1Y Target Price 36 | ||
Volume (30-day avg) 4 | Beta 0.95 | 52 Weeks Range 15.99 - 33.46 | Updated Date 09/15/2025 |
52 Weeks Range 15.99 - 33.46 | Updated Date 09/15/2025 | ||
Dividends yield (FY) 8.84% | Basic EPS (TTM) 1.17 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.27% | Operating Margin (TTM) 18.6% |
Management Effectiveness
Return on Assets (TTM) 2.48% | Return on Equity (TTM) 4.55% |
Valuation
Trailing PE 27.95 | Forward PE 8.05 | Enterprise Value 1763962312 | Price to Sales(TTM) 4.35 |
Enterprise Value 1763962312 | Price to Sales(TTM) 4.35 | ||
Enterprise Value to Revenue 5.46 | Enterprise Value to EBITDA 11.67 | Shares Outstanding 42647700 | Shares Floating 36657421 |
Shares Outstanding 42647700 | Shares Floating 36657421 | ||
Percent Insiders 14.48 | Percent Institutions 66.37 |
Upturn AI SWOT
Dorian LPG Ltd

Company Overview
History and Background
Dorian LPG Ltd. was founded in 2013 and focuses on owning and operating very large gas carriers (VLGCs) for the transportation of liquefied petroleum gas (LPG). It has grown through strategic acquisitions and organic fleet expansion to become a major player in the LPG shipping market.
Core Business Areas
- VLGC Transportation: Transportation of LPG, primarily propane and butane, via a fleet of modern VLGCs on international routes. Dorian LPG generates revenue from time charters and spot market voyages.
Leadership and Structure
John Hadjipateras is the Chairman and CEO. The company has a management team with extensive experience in shipping and finance and operates under a board of directors responsible for governance and strategic oversight.
Top Products and Market Share
Key Offerings
- LPG Transportation Services: Provides transportation services for LPG, primarily propane and butane, around the globe. The LPG transportation market is fragmented with many players, making precise market share data difficult to obtain. Key competitors include BW LPG, Avance Gas, and Navigator Gas. Revenue is driven by charter rates and utilization. Competitors include BW LPG, Avance Gas, Navigator Holdings.
Market Dynamics
Industry Overview
The LPG shipping industry is influenced by global energy demand, LPG production in regions like the U.S. and Middle East, and consumption patterns in Asia and Europe. Shipping rates are cyclical, affected by vessel supply and demand.
Positioning
Dorian LPG is positioned as a leading owner and operator of modern VLGCs. Their focus on fuel-efficient vessels and operational efficiency aims to provide a competitive advantage.
Total Addressable Market (TAM)
The global LPG market is projected to reach hundreds of billions of dollars. Dorian LPG's TAM is the portion of this market related to seaborne transportation. They are positioned to benefit from increasing LPG trade, especially from the US and Middle East to Asia.
Upturn SWOT Analysis
Strengths
- Modern and fuel-efficient VLGC fleet
- Experienced management team
- Strong relationships with charterers
- High utilization rates
Weaknesses
- Reliance on cyclical shipping rates
- Exposure to fluctuations in bunker fuel prices
- Dependence on a few key charterers
- High capital expenditures
Opportunities
- Increasing LPG production in the U.S. and Middle East
- Growing demand for LPG in Asia
- Expansion of fleet through newbuilds or acquisitions
- Development of new LPG export terminals
Threats
- Oversupply of VLGCs
- Decline in LPG prices
- Increased competition from other shipping companies
- Geopolitical risks and trade wars
- Environmental regulations
Competitors and Market Share
Key Competitors
- BW LPG (BWLPG.OL)
- Avance Gas Holding Ltd (AVANCE.OL)
- Navigator Holdings Ltd. (NVGS)
Competitive Landscape
Dorian LPG competes primarily on vessel size, fuel efficiency, and service quality. Their modern fleet and experienced team provide a competitive advantage, but they face strong competition from larger players.
Growth Trajectory and Initiatives
Historical Growth: Dorian LPG's growth has been driven by the expansion of its VLGC fleet and increasing LPG trade volumes.
Future Projections: Analyst projections depend on market conditions and company strategy. They generally forecast continued growth in revenue and earnings, driven by higher LPG demand and utilization rates.
Recent Initiatives: Focus on optimizing fleet operations, securing long-term charters, and managing costs.
Summary
Dorian LPG is a key player in the LPG transportation market with a modern fleet. While cyclical shipping rates and regulatory changes pose risks, increasing LPG demand in Asia presents growth opportunities. The company's financial stability depends on efficient operations and securing favorable charter rates. A high debt level could impact performance in downturns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Industry reports
- Financial news sources
- Analyst estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change. Do your own research.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Dorian LPG Ltd
Exchange NYSE | Headquaters 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 587 | Website https://www.dorianlpg.com |
Full time employees 587 | Website https://www.dorianlpg.com |
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. The company owns and operates twenty-five very large gas carriers. Dorian LPG Ltd. was incorporated in 2013 and is headquartered in Stamford, Connecticut.

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