Dorian Lpg Ltd. - Understand $lpg stock

$LPG Market Cap: $1.001 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$501.2M

TTM

Gross Margin

90.57%

TTM

Net Earnings

$239.9M

TTM

Current Assets

$439.5M

Q3 2024

Current Liabilities

$104.0M

Q3 2024

Current Ratio

422.46%

Q3 2024

Total Assets

$1.861B

Q3 2024

Total Liabilities

$773.0M

Q3 2024

Book Value

$1.088B

Q3 2024

Cash

$348.6M

Q3 2024

P/E

4.173

Nov 29, 2024 EST

Free Cash Flow

$295.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$560.7M	$389.7M	$274.2M	$315.9M	$333.4M	$158.0M	$159.3M	$167.4M	$289.2M	$104.1M	$45.00M	$38.70M	$34.60M
YoY Change	43.87%	42.13%	-13.2%	-5.25%	110.99%	-0.8%	-4.84%	-42.12%	177.81%	131.33%	16.28%	11.85%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$560.7M	$389.7M	$274.2M	$315.9M	$333.4M	$158.0M	$159.3M	$167.4M	$289.2M	$104.1M	$45.00M	$38.70M	$34.60M
Cost Of Revenue	$46.35M	$26.81M	$20.59M	$21.55M	$13.10M	$1.900M	$2.200M	$3.000M	$12.10M	$22.10M	$10.50M	$10.80M	$4.700M
Gross Profit	$514.4M	$362.9M	$253.6M	$294.4M	$320.3M	$156.1M	$157.1M	$164.5M	$277.1M	$82.00M	$34.50M	$27.90M	$29.90M
Gross Profit Margin	91.73%	93.12%	92.49%	93.18%	96.06%	98.78%	98.62%	98.27%	95.82%	78.77%	76.67%	72.09%	86.42%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$39.00M	$32.09M	$30.23M	$33.89M	$23.40M	$24.40M	$26.20M	$21.70M	$29.80M	$15.30M	$4.200M	$2.000M	$1.900M
YoY Change	21.56%	6.15%	-10.81%	44.83%	-4.1%	-6.87%	20.74%	-27.18%	94.77%	264.29%	110.0%	5.26%
% of Gross Profit	7.58%	8.84%	11.92%	11.51%	7.31%	15.63%	16.68%	13.19%	10.75%	18.66%	12.17%	7.17%	6.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$68.67M	$63.40M	$66.43M	$68.46M	$66.26M	$65.20M	$65.30M	$65.10M	$42.60M	$14.10M	$6.600M	$12.00M	$11.80M
YoY Change	8.31%	-4.57%	-2.97%	3.32%	1.63%	-0.15%	0.31%	52.82%	202.13%	113.64%	-45.0%	1.69%
% of Gross Profit	13.35%	17.47%	26.19%	23.26%	20.69%	41.77%	41.57%	39.57%	15.37%	17.2%	19.13%	43.01%	39.46%
Operating Expenses	$185.5M	$164.6M	$168.5M	$178.3M	$159.3M	$154.1M	$153.3M	$150.5M	$117.6M	$50.60M	$27.80M	$24.50M	$26.00M
YoY Change	12.73%	-2.32%	-5.5%	11.92%	3.37%	0.52%	1.86%	27.98%	132.41%	82.01%	13.47%	-5.77%
Operating Profit	$328.8M	$198.4M	$92.40M	$116.1M	$161.1M	-$7.962M	$3.800M	$14.00M	$159.5M	$31.40M	$6.700M	$3.400M	$3.900M
YoY Change	65.77%	114.68%	-20.41%	-27.92%	-2122.96%	-309.53%	-72.86%	-91.22%	407.96%	368.66%	97.06%	-12.82%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$9.488M	-$27.46M	-$19.10M	-$24.54M	-$50.10M	-$42.90M	-$28.10M	-$15.10M	-$28.40M	-$3.800M	-$200.0K	-$8.200M	-$13.40M
YoY Change	-134.56%	43.73%	-22.16%	-51.02%	16.78%	52.67%	86.09%	-46.83%	647.37%	1800.0%	-97.56%	-38.81%
% of Operating Profit	2.89%	-13.84%	-20.67%	-21.14%	-31.1%		-739.47%	-107.86%	-17.81%	-12.1%	-2.99%	-241.18%	-343.59%
Other Income/Expense, Net	-$21.38M	$1.541M	-$20.46M	-$23.54M	-$49.23M	-$42.98M	-$200.0K	-$300.0K	-$300.0K	-$900.0K	$700.0K	-$100.0K	$0.00
YoY Change	-1487.76%	-107.53%	-13.05%	-52.19%	14.53%	21391.93%	-33.33%	0.0%	-66.67%	-228.57%	-800.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$307.4M	$172.4M	$71.94M	$92.56M	$111.8M	-$50.90M	-$20.40M	-$1.400M	$129.7M	$25.30M	$7.200M	-$4.900M	-$9.500M
YoY Change	78.29%	139.72%	-22.29%	-17.21%	-319.65%	149.51%	1357.14%	-101.08%	412.65%	251.39%	-246.94%	-48.42%
Income Tax											$0.00	$0.00	$0.00
% Of Pretax Income											0.0%
Net Earnings	$307.4M	$172.4M	$71.94M	$92.56M	$111.8M	-$50.95M	-$20.40M	-$1.400M	$129.7M	$25.30M	$7.200M	-$4.900M	-$9.500M
YoY Change	78.29%	139.72%	-22.29%	-17.24%	-319.53%	149.73%	1357.14%	-101.08%	412.65%	251.39%	-246.94%	-48.42%
Net Earnings / Revenue	54.83%	44.24%	26.23%	29.3%	33.54%	-32.24%	-12.81%	-0.84%	44.85%	24.3%	16.0%	-12.66%	-27.46%
Basic Earnings Per Share	$7.63	$4.31	$1.79	$1.86	$2.08	-$0.93
Diluted Earnings Per Share	$7.60	$4.29	$1.78	$1.86	$2.07	-$0.93	-$377.8K	-$25.88K	$2.287M	$450.2K	$89.55K	-$86.12K	-$167.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$294.0M	$148.8M	$236.8M	$79.33M	$63.30M	$30.80M	$103.5M	$17.00M	$46.40M	$204.8M	$279.1M	$1.000M	$2.000M
YoY Change	97.61%	-37.15%	198.45%	25.32%	105.52%	-70.24%	508.82%	-63.36%	-77.34%	-26.62%	27810.0%	-50.0%
Cash & Equivalents	$282.5M	$148.8M	$236.8M	$79.33M	$48.40M	$30.80M	$103.5M	$17.00M	$46.40M	$204.8M	$279.1M	$1.000M	$2.000M
Short-Term Investments	$11.53M			$0.00	$14.90M
Other Short-Term Assets	$19.44M	$8.507M	$10.23M	$15.61M	$6.700M	$3.800M	$2.500M	$1.900M	$2.200M	$1.800M	$31.20M	$100.0K	$200.0K
YoY Change	128.48%	-16.86%	-34.46%	133.02%	76.32%	52.0%	31.58%	-13.64%	22.22%	-94.23%	31100.0%	-50.0%
Inventory	$2.393M	$2.642M	$2.266M	$2.007M	$2.000M	$2.100M	$2.000M	$2.600M	$2.300M	$3.400M	$1.100M	$1.700M	$1.000M
Prepaid Expenses
Receivables	$659.6K	$3.282M	$853.1K	$202.2K	$800.0K	$1.400M	$300.0K	$0.00	$100.0K	$22.80M	$2.000M	$1.000M	$300.0K
Other Receivables	$52.35M	$73.07M	$57.78M	$56.19M	$66.90M	$44.40M	$26.90M	$42.50M	$54.50M	$400.0K	$1.600M	$2.300M	$400.0K
Total Short-Term Assets	$368.9M	$236.3M	$307.9M	$153.3M	$139.6M	$82.60M	$135.2M	$64.00M	$105.6M	$233.2M	$315.1M	$6.200M	$3.900M
YoY Change	56.11%	-23.25%	100.79%	9.84%	69.01%	-38.91%	111.25%	-39.39%	-54.72%	-25.99%	4982.26%	58.97%
Property, Plant & Equipment	$1.424B	$1.422B	$1.263B	$1.395B	$1.465B	$1.479B	$1.539B	$1.604B	$1.668B	$818.6M	$518.1M	$187.1M	$198.3M
YoY Change	0.14%	12.64%	-9.48%	-4.77%	-0.95%	-3.94%	-4.02%	-3.84%	103.74%	58.0%	176.91%	-5.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$11.37M
YoY Change
Other Assets	$19.35M	$29.56M	$17.06M	$10.32M	$44.50M	$44.30M	$41.80M	$58.70M	$51.20M	$47.30M	$7.100M	$1.200M	$1.700M
YoY Change	-34.54%	73.22%	65.32%	-76.8%	0.45%	5.98%	-28.79%	14.65%	8.25%	566.2%	491.67%	-29.41%
Total Long-Term Assets	$1.469B	$1.473B	$1.299B	$1.428B	$1.532B	$1.543B	$1.601B	$1.682B	$1.737B	$865.9M	$525.1M	$188.2M	$200.0M
YoY Change	-0.26%	13.32%	-9.02%	-6.8%	-0.67%	-3.63%	-4.83%	-3.13%	100.55%	64.9%	179.01%	-5.9%
Total Assets	$1.838B	$1.709B	$1.607B	$1.582B	$1.672B	$1.625B	$1.736B	$1.746B	$1.842B	$1.099B	$840.2M	$194.4M	$203.9M
YoY Change
Accounts Payable	$10.19M	$10.81M	$9.541M	$9.831M	$13.60M	$7.200M	$6.300M	$7.100M	$6.800M	$5.200M	$2.400M	$3.300M	$3.600M
YoY Change	-5.75%	13.27%	-2.95%	-27.71%	88.89%	14.29%	-11.27%	4.41%	30.77%	116.67%	-27.27%	-8.33%
Accrued Expenses	$36.44M	$29.05M	$11.87M	$18.36M	$13.30M	$3.400M	$4.700M	$5.400M	$9.700M	$5.600M	$2.200M	$1.400M	$1.800M
YoY Change	25.46%	144.6%	-35.31%	38.02%	291.18%	-27.66%	-12.96%	-44.33%	73.21%	154.55%	57.14%	-22.22%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$53.54M	$53.11M	$72.08M	$51.82M	$53.10M	$64.00M	$65.10M	$66.00M	$66.30M	$15.70M	$9.600M	$12.10M	$10.60M
YoY Change	0.81%	-26.31%	39.09%	-2.41%	-17.03%	-1.69%	-1.36%	-0.45%	322.29%	63.54%	-20.66%	14.15%
Total Short-Term Liabilities	$101.8M	$94.60M	$94.84M	$82.08M	$85.00M	$79.40M	$82.00M	$85.80M	$88.10M	$28.20M	$14.90M	$31.60M	$26.00M
YoY Change	7.63%	-0.25%	15.54%	-3.43%	7.05%	-3.17%	-4.43%	-2.61%	212.41%	89.26%	-52.85%	21.54%
Long-Term Debt	$551.5M	$604.3M	$590.7M	$539.7M	$581.9M	$632.1M	$694.0M	$684.0M	$746.4M	$184.7M	$119.1M	$128.7M	$139.0M
YoY Change	-8.72%	2.3%	9.46%	-7.26%	-7.94%	-8.92%	1.46%	-8.36%	304.11%	55.08%	-7.46%	-7.41%
Other Long-Term Liabilities	$160.8M	$136.2M	$1.686M	$13.06M	$28.00M	$1.200M	$700.0K	$500.0K	$22.10M	$13.00M	$14.10M	$21.40M	$21.40M
YoY Change	18.02%	7978.16%	-87.09%	-53.37%	2233.33%	71.43%	40.0%	-97.74%	70.0%	-7.8%	-34.11%	0.0%
Total Long-Term Liabilities	$712.3M	$740.5M	$592.4M	$552.7M	$609.9M	$633.3M	$694.7M	$684.5M	$768.5M	$197.7M	$133.2M	$150.1M	$160.4M
YoY Change	-3.8%	25.0%	7.18%	-9.38%	-3.69%	-8.84%	1.49%	-10.93%	288.72%	48.42%	-11.26%	-6.42%
Total Liabilities	$814.1M	$835.1M	$687.2M	$634.8M	$694.9M	$712.7M	$776.7M	$770.2M	$856.6M	$225.9M	$148.0M	$181.7M	$186.3M
YoY Change	-2.51%	21.52%	8.26%	-8.65%	-2.5%	-8.24%	0.84%	-10.09%	279.19%	52.64%	-18.55%	-2.47%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	40.28M	40.03M	40.20M	49.73M	53.88M	54.51M	54.04M	54.08M
Diluted Shares Outstanding	40.45M	40.21M	40.37M	49.83M	54.12M	54.51M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.0012 Billion

About DORIAN LPG LTD.

Dorian LPG Ltd. is a holding company which engages in the transportation of liquefied petroleum gas. The company is headquartered in Stamford, Connecticut and currently employs 88 full-time employees. The company went IPO on 2014-05-08. The firm and its subsidiaries are focused on owning and operating very large gas carriers (VLGCs) that transport liquefied petroleum gas globally. Its fleet consists of 25 VLGCs, including one dual-fuel 84,000 cubic meters (cbm) ECO-design VLGC (Dual-fuel ECO VLGC), 19 fuel-efficient 84,000 cbm ECO-design VLGCs (ECO VLGCs), one 82,000 cbm modern VLGC, three time chartered-in dual fuel Panamax size VLGCs, and one time chartered-in ECO VLGCs. The company provides in-house commercial and technical management services for all of its vessels. Fifteen of its ECO VLGCs, including one of its time-chartered-in ECO-VLGCs, are fitted with exhaust gas cleaning systems to reduce sulfur emissions. The company also has entered into a shipbuilding contract for a newbuilding very large gas carrier / ammonia carrier (VLGC/AC) with a cargo carrying capacity of 93,000 cbm. Its subsidiaries include Dorian LPG Management Corp. and Dorian LPG Finance LLC.

Industry: Deep Sea Foreign Transportation of Freight Peers: CrossAmerica Partners LP ENTERPRISE PRODUCTS PARTNERS L.P. GENESIS ENERGY LP GLOBAL PARTNERS LP Green Plains Partners LP NextDecade Corp. OVERSEAS SHIPHOLDING GROUP INC PBF Logistics LP Sprague Resources LP