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Dorian LPG Ltd (LPG) Fair Value & Analysis

Energy · US · Market cap $1.7B

DL Dorian LPG Ltd logo Dorian LPG Ltd LPG · US
Price$45.76
Fair Value$39.56
Upside-13.6%
Quality68/100
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Expensive Growth
Highly profitable · 40.8% net margin
Low debt · generates free cash flow
7.37% dividend yield
Ranks above peers (12/14)
Wide moat 65/100
Evidence: High Range $27.44 – $78.66 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price +12.6% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • The model range is unusually wide ($27.44 to $78.66). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$47.72 $5.12 Fair Value $39.56 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $5.12 – $47.72 · fair‑value band $27.44 – $78.66 · the $45.76 price screens above the $39.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Dorian LPG Ltd (LPG) currently trades at $45.76, while our model-based Fair Value estimate is $39.56, implying the stock looks roughly 13.6% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dorian LPG Ltd generated revenue of $475M at a net margin of 40.8%. Revenue grew 105.2% year over year. It earns a return on equity of 17.7%. Net debt stands at $382M. Fundamentals as of Jul 17, 2026

Our scenario range runs from $27.44 (bear case) to $78.66 (bull case); at $45.76, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 110% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at -14%, LPG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $28.77 $54.42 $96.49 80
Residual Income $26.32 $33.12 $70.49 76
Rev-Margin DCF $14.51 $25.72 $41.82 74
All 26 models by family
DCF Models
FCF DCF $30.21 $50.91 $101.76 38
Owner Earnings $46.04 $94.20 $180.17 31
5Y Revenue Exit $14.51 $24.98 $41.09 39
5Y EBITDA Exit $26.60 $51.81 $89.95 41
5Y P/E Exit $38.01 $79.88 $132.42 38
10Y Revenue Exit $19.45 $32.63 $49.36 36
10Y EBITDA Exit $27.44 $52.50 $95.20 37
10Y P/E Exit $34.69 $71.25 $131.44 35
Earnings-Based
Graham-Dodd $30.78 $199.62 $279.25 54
Lynch FV $57.99 $82.84 $107.69 50
PEG = 1.0 $57.99 $82.84 $107.69 46
EPV $31.81 $36.57 $40.54 59
Dividend Discount
Gordon GGM $19.07 $34.36 $47.30 70
DDM Multi-Stage $19.07 $31.39 $36.71 61
Multiples
P/E Multiple $47.53 $63.37 $79.22 63
P/S Multiple $10.13 $13.51 $16.88 58
P/B Multiple $35.94 $47.92 $59.90 55
EV/EBIT $33.27 $45.39 $57.52 53
EV/EBITDA $26.26 $36.05 $45.84 54
EV/Revenue $6.35 $10.40 $14.45 43
Asset-Based
NCAV (Graham) $13.31 $17.84 $26.62 50
Growth DCF
Growth DCF $28.77 $54.42 $96.49 80
Rev-Margin DCF $14.51 $25.72 $41.82 74
Economic Profit
Residual Income $26.32 $33.12 $70.49 76
ROIC Compounder $34.96 $48.40 $59.81 72
Growth Earnings
Growth-Adj P/E $69.47 $99.24 $129.02 68

Widest divergence: Growth Earnings ($99.24) versus Asset-Based ($17.84). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $475M
Revenue growth (YoY) +105%
Net margin 40.8%
Return on equity 17.7%
Free cash flow $116M FY2026
P/E ratio 8.7
More key figures
Operating margin 55.2%
EPS (TTM) $4.54
Dividend yield 7.4%
EPS growth (YoY) +898%
Net debt $382M FY2026

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 66 · Market factors (momentum, volatility) 81

Profitability 53
Margins and returns on capital today
Quality Growth 96
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 66
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dorian LPG Ltd reported revenue of $482M in FY2026 versus $274M in FY2022, a compound +15.1%/yr. Reported net income was $194M in FY2026, compounding +28.1%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
$482M
Latest YoY
+36.3%
Avg. growth/yr (3Y)
+7.3%
Avg. growth/yr (5Y)
+8.8%
Avg. growth/yr (14Y)
+20.7%
Revenue +15.1%/yr
FY22 $274M
FY23 $390M
FY24 $561M
FY25 $353M
FY26 $482M
Net income +28.1%/yr
FY22 $71.9M
FY23 $172M
FY24 $307M
FY25 $90.2M
FY26 $194M

LPG screens 14% overvalued. Compare with Enbridge Inc →

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Cite: Fair Value Calculator (2026). "Dorian LPG Ltd Fair Value". https://www.fairvalue-calculator.com/stock/LPG

Peer Group

Oil & Gas Midstream · 87 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside −14% · Above median
Return on equity (TTM) 18% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 41% · Top 25%
Operating margin (TTM) 55% · Top 25%
Revenue growth 105% · Top 25%
Dividend yield (TTM) 7.4% · Top 25%
Debt / equity 0.40× · Lower than median

Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper

P/E (TTM) 8.7× · Cheaper than 75% of peers
P/B 1.49× · Cheaper than median
P/S (TTM) 3.56× · Pricier than median
P/FCF 14.6× · Pricier than median
EV/EBITDA 6.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 15 · sector 0
FUTURE 100 · sector 41
PAST 71 · sector 41
HEALTH 80 · sector 54
DIVIDEND 100 · sector 99

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.46 $47.20 -16%
The Williams Companies, Inc WMB $73.38 $12.03 -84%
Enterprise Products Partners L.P. EPD $38.31 $24.74 -35%
TC Energy Corporation TRP C$97.79 C$42.00 -57%
Kinder Morgan, Inc KMI $32.54 $11.12 -66%
Energy Transfer LP, ET $19.91 $17.69 -11%
ONEOK, Inc OKE $93.52 $64.05 -32%
Targa Resources Corp TRGP $273.35 $79.61 -71%
MPLX LP owns and MPLX $57.17 $37.05 -35%
Cheniere Energy, Inc LNG $255.83 $211.18 -17%

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Frequently asked questions

Is Dorian LPG Ltd (LPG) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $39.56 versus a price of $45.76, about −14% (overvalued).
What is the fair value of LPG?
Our model-based fair value for Dorian LPG Ltd is $39.56 (as of Jul 17, 2026), built from audited fundamentals. The current price is $45.76.
What is the quality score of LPG?
Dorian LPG Ltd has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Dorian LPG Ltd (LPG)?
Dorian LPG Ltd reported trailing-twelve-month revenue of about $475M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of LPG?
The net profit margin of Dorian LPG Ltd is about 40.8%, meaning it keeps roughly 40.8% of revenue as net income. Based on the latest reported figures.
Does Dorian LPG Ltd pay a dividend?
Dorian LPG Ltd currently shows a dividend yield of about 7.37% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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