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Unless otherwise indicated, references to "Dorian," the "Company," "we," "our," "us," or similar terms refer to Dorian LPG Ltd. and its subsidiaries. We use the term "VLGC" to refer to very large gas carriers and VLGC/AC to refer to very large gas carriers that are purpose built to transport full ammonia cargoes in addition to LPG.
$43.02
+$1.99 (+4.85%)
Live · 06:15 PM
43.65% operating margin is above average. ROIC at 9.21%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 36.3% YoY with margins expanding 11.8pp.
Even for strong businesses, today's 9x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
9.5x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$482M
▲ +36.3% YoY
Net Income (TTM)
$194M
▲ +114.8% YoY
Op. Margin
43.65%
▲ +11.8pp YoY
ROIC
9.21%
▲ +4.2pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$210M
▲ +21.5% YoY
Net Debt
$382M
Cash & Equiv.
$327M
5Y CAGR: +8.8%
5Y CAGR: +22.2%
Continue Research
At a P/E of 9.5, Dorian LPG (LPG) trades below a two-stage DCF intrinsic value of about $174.98 per share, so at $43.02 the stock looks undervalued (306.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Dorian LPG scores 25/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $174.98 per share for LPG, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $131.23. At today's $43.02, that puts the stock about 306.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Dorian LPG scores 25 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 43.6% operating margin and a 9.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Dorian LPG pays a regular dividend of about $2.46 per share per year (typically in quarterly installments), a yield of roughly 5.7% at the current price. That is a payout ratio of about 54.2% of earnings, so the dividend is well covered. Dorian LPG has grown the dividend at roughly 7.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For LPG's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. LPG currently trades below its estimated intrinsic value and scores 25/100 on quality (lower-quality). It also yields about 5.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.