New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 26% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 26% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Significant insider selling over the past 3 months (€303k sold). Reported Earnings • May 21
Full year 2026 earnings released: EPS: US$4.55 (vs US$2.14 in FY 2025) Full year 2026 results: EPS: US$4.55 (up from US$2.14 in FY 2025). Revenue: US$481.5m (up 38% from FY 2025). Net income: US$193.7m (up 115% from FY 2025). Profit margin: 40% (up from 26% in FY 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.0%. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Annonce • May 13
Dorian LPG Ltd. to Report Q4, 2026 Results on May 20, 2026 Dorian LPG Ltd. announced that they will report Q4, 2026 results Pre-Market on May 20, 2026 Annonce • May 09
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About May 28, 2026 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning approximately $42.8 million of capital to shareholders. The irregular dividend is payable on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026. Annonce • May 07
Dorian LPG Ltd. Appoints Christopher J. Wiernicki as Class I Director, Effective May 5, 2026 Dorian LPG Ltd.'s board of directors unanimously appointed Christopher J. Wiernicki to serve as a Class I director effective immediately and increased the size of the Board from eight to nine directors. Mr. Wiernicki, age 67, has 40 years of marine and offshore expertise and is recognized internationally for transforming the American Bureau of Shipping (“ABS”) into a world leader in safety, risk management digitalization, and decarbonization. Mr. Wiernicki enjoyed a distinguished, 32-year career leading ABS where he chaired its board and served as chief executive officer from 2011 through 2025, prior to which he was ABS’ president and chief operating officer. Mr. Wiernicki also headed ABS’ Europe/Middle East/Africa operations, in addition to serving as the company’s Chief Technology Officer and leading its risk management consulting business. Mr. Wiernicki holds a Bachelor of Science Degree in Civil Engineering from Vanderbilt University, a Master of Science in Structural Engineering from George Washington University, a Master of Science in Ocean Engineering from Massachusetts Institute of Technology and completed an Advanced Management Program at Harvard University. Mr. Wiernicki was appointed to serve on the White House National Infrastructure Advisory Council in 2022 and as Advisor to the Singapore Government Ministry of Transport and Port Authority in 2023. In addition, he is a member of the US Marine Transportation Board and the US National Academy of Engineering. Mr. Wiernicki is a Professor of the Practice at the Massachusetts Institute of Technology (MIT) and sits on several private and public company boards. Annonce • Nov 07
Dorian Lpg Ltd. Declares Irregular Cash Dividend for the Three Months Ended September 30, 2025, Payable on or About December 2, 2025 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $0.65 per share of the Company’s common stock, returning approximately $27.8 million of capital to shareholders and reported its financial results for the three months ended September 30, 2025. The dividend is payable on or about December 2, 2025 to all shareholders of record as of the close of business on November 17, 2025. Annonce • Oct 30
Dorian LPG Ltd. to Report Q2, 2026 Results on Nov 06, 2025 Dorian LPG Ltd. announced that they will report Q2, 2026 results Pre-Market on Nov 06, 2025 Annonce • Aug 01
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About August 27, 2025 Dorian LPG Ltd. announced that its Board of Directors declared an irregular cash dividend of $0.60 per share of the Company’s common stock, returning approximately $25.6 million of capital to shareholders and reported its financial results for the three months ended June 30, 2025. The dividend is payable on or about August 27, 2025 to all shareholders of record as of the close of business on August 12, 2025. Annonce • Jul 25
Dorian LPG Ltd. to Report Q1, 2026 Results on Aug 01, 2025 Dorian LPG Ltd. announced that they will report Q1, 2026 results Pre-Market on Aug 01, 2025 Annonce • Jul 23
Dorian LPG Ltd., Annual General Meeting, Sep 05, 2025 Dorian LPG Ltd., Annual General Meeting, Sep 05, 2025. Location: 27 signal road, stamford, ct 06902, United States Annonce • May 15
Dorian LPG Ltd. to Report Q4, 2025 Results on May 22, 2025 Dorian LPG Ltd. announced that they will report Q4, 2025 results Pre-Market on May 22, 2025 Annonce • May 02
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About May 30, 2025 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $0.50 per share of the Company’s common stock. The total dividends to be paid will amount to approximately $21.3 million. The irregular dividend is payable on or about May 30, 2025 to all shareholders of record as of the close of business on May 16, 2025. Annonce • Jan 25
Dorian LPG Ltd. Declares an Irregular Cash Dividend, Payable on or About February 27, 2025 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $0.70 per share of the Company’s common stock, returning approximately $30.0 million of capital to shareholders. The irregular dividend is payable on or about February 27, 2025 to all shareholders of record as of the close of business on February 5, 2025. Annonce • Jan 24
Dorian LPG Ltd. Provides Earnings Guidance for the Quarter Ended December 31, 2024 Dorian LPG Ltd. provided earnings guidance for the Quarter Ended December 31, 2024. For the quarter, the company expected Time charter equivalent revenues to be between $78,700,000 to $80,700,000. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: US$0.22 (vs US$1.90 in 2Q 2024) Second quarter 2025 results: EPS: US$0.22 (down from US$1.90 in 2Q 2024). Revenue: US$82.4m (down 43% from 2Q 2024). Net income: US$9.43m (down 88% from 2Q 2024). Profit margin: 11% (down from 53% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 11% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 29
Upcoming dividend of US$1.00 per share Eligible shareholders must have bought the stock before 05 November 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 13%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: US$1.25 (vs US$1.29 in 1Q 2024) First quarter 2025 results: EPS: US$1.25 (down from US$1.29 in 1Q 2024). Revenue: US$114.4m (up 3.2% from 1Q 2024). Net income: US$51.3m (flat on 1Q 2024). Profit margin: 45% (down from 47% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 16% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%. Over the last 3 years on average, earnings per share has increased by 55% per year whereas the company’s share price has increased by 53% per year. Annonce • Jul 31
Dorian LPG Ltd., Annual General Meeting, Sep 20, 2024 Dorian LPG Ltd., Annual General Meeting, Sep 20, 2024. Location: located at 27 signal road, ct 06902, stamford, United States Declared Dividend • Jul 29
Fourth quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 8th August 2024 Payment date: 21st August 2024 Dividend yield will be 10%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. EPS is expected to decline by 65% over the next 3 years. Since a fall of 42% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Annonce • Jul 25
Dorian LPG Ltd. Provides Earnings Guidance for the Quarter Ended June 30, 2024 Dorian LPG Ltd. provided earnings guidance for the quarter ended June 30, 2024. For the quarter, the company expected Time charter equivalent revenues to be between $112,500,000 to $114,500,000. Annonce • Jul 03
Dorian LPG Ltd.(NYSE:LPG) dropped from Russell 3000E Value Index Dorian LPG Ltd.(NYSE:LPG) dropped from Russell 3000E Value Index Annonce • Jun 07
Dorian LPG Ltd. has filed a Follow-on Equity Offering. Dorian LPG Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,000,000 New Risk • Jun 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Reported Earnings • May 23
Full year 2024 earnings released: EPS: US$7.63 (vs US$4.31 in FY 2023) Full year 2024 results: EPS: US$7.63 (up from US$4.31 in FY 2023). Revenue: US$560.7m (up 44% from FY 2023). Net income: US$307.4m (up 78% from FY 2023). Profit margin: 55% (up from 44% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 21% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 51% per year. Annonce • May 17
Dorian LPG Ltd. to Report Q4, 2024 Results on May 22, 2024 Dorian LPG Ltd. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on May 22, 2024 Annonce • May 10
Dorian LPG Ltd. Announces Management Promotions Dorian LPG Ltd. announced the promotions of two current executives to increased positions of responsibility. The Nominating and Corporate Governance Committee of the Board of Directors of the Company established the following executive positions: Head of Energy Transition and Chief Operating Officer. John Lycouris has been promoted to Head of Energy Transition effective April 24, 2024 and will continue as a Director of the Company. Recognizing the significant and transformative energy transition that is underway in the shipping industry the Committee determined to establish a Head of Energy Transition position at the Company, the effective management of which the Company believes is imperative for its continued growth and success. This position reports directly to the Chief Executive Officer, and is tasked with, among other things, researching, developing, applying and investing in new technology and systems. Alexander Hadjipateras has been appointed Chief Operating Officer effective April 24, 2024. In addition to his responsibilities as Managing Director of Dorian LPG Management Company he will be responsible to plan, direct, oversee and consolidate marine and shoreside operations in coordination with our Chief Financial and Chief Commercial Officers in support of the Company’s primary operational and strategic goals and objectives. These promotions reflect the continued growth of the Company’s operations as the global shipping industry steps up to meet the twin challenges of new technology and decarbonization. John and Alex bring significant experience to their roles and will continue to ensure the long-term success of the Company. Buy Or Sell Opportunity • May 07
Now 21% undervalued Over the last 90 days, the stock has risen 15% to €37.80. The fair value is estimated to be €48.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to decline by 29% in 2 years. Earnings are forecast to decline by 49% in the next 2 years. Declared Dividend • Apr 28
Third quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 7th May 2024 Payment date: 30th May 2024 Dividend yield will be 9.8%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has not increased over the past 3 years but payments have been stable during that time. EPS is expected to decline by 57% over the next 2 years. Since a fall of 41% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Annonce • Apr 26
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or about May 30, 2024 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock. The total dividends to be paid will amount to approximately $40.6 million. The dividend is payable on or about May 30, 2024 to all shareholders of record as of the close of business on May 8, 2024. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: US$2.48 (vs US$1.28 in 3Q 2023) Third quarter 2024 results: EPS: US$2.48 (up from US$1.28 in 3Q 2023). Revenue: US$163.1m (up 59% from 3Q 2023). Net income: US$100.0m (up 95% from 3Q 2023). Profit margin: 61% (up from 50% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 17% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 26
Second quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 2nd February 2024 Payment date: 27th February 2024 Dividend yield will be 10.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to decline by 52% over the next 3 years. Since a fall of 30% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Annonce • Jan 26
Dorian LPG Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Dorian LPG Ltd. announced that they will report Q3, 2024 results Pre-Market on Feb 01, 2024 Annonce • Jan 25
Dorian Lpg Ltd. Provides Revenue Outlook for the Quarter Ended December 31, 2023 Dorian LPG Ltd. provided revenue outlook for the quarter ended December 31, 2023. For the quarter, the company expects Revenues of USD 163,100,000. Annonce • Jan 24
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About February 27, 2024 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock. The total dividends to be paid will amount to approximately $40.6 million. The dividend is payable on or about February 27, 2024 to all shareholders of record as of the close of business on February 5, 2024. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €37.40, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 501% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €48.53 per share. Buying Opportunity • Jan 12
Now 24% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be €49.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 14% in 2 years. Earnings is forecast to decline by 21% in the next 2 years. Recent Insider Transactions • Dec 22
Independent Director recently sold €406k worth of stock On the 20th of December, Christina Tan sold around 10k shares on-market at roughly €40.56 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €875k. Insiders have been net sellers, collectively disposing of €3.7m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €40.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 688% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €49.90 per share. Buying Opportunity • Dec 07
Now 21% undervalued Over the last 90 days, the stock is up 52%. The fair value is estimated to be €50.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to decline by 14% in 2 years. Earnings is forecast to decline by 21% in the next 2 years. Recent Insider Transactions • Dec 06
Director recently sold €410k worth of stock On the 5th of December, John Lycouris sold around 10k shares on-market at roughly €40.99 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €875k. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €40.45, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 672% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.98 per share. Recent Insider Transactions • Nov 24
Insider recently sold €229k worth of stock On the 21st of November, Alexander Hadjipateras sold around 6k shares on-market at roughly €38.09 per share. This transaction amounted to 7.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €875k. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Recent Insider Transactions • Nov 10
Chief Commercial Officer recently sold €875k worth of stock On the 6th of November, Tim Hansen sold around 25k shares on-market at roughly €35.01 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.8m more than they bought in the last 12 months. Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: US$1.90 (vs US$0.51 in 2Q 2023) Second quarter 2024 results: EPS: US$1.90 (up from US$0.51 in 2Q 2023). Revenue: US$144.7m (up 91% from 2Q 2023). Net income: US$76.5m (up 277% from 2Q 2023). Profit margin: 53% (up from 27% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 17% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €29.35, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 563% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.66 per share. Annonce • Oct 07
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About November 2, 2023 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company's common stock. The total dividends to be paid will amount to approximately $40.6 million. The dividend is payable on or about November 2, 2023 to all shareholders of record as of the close of business on October 20, 2023. Recent Insider Transactions • Oct 05
Key Executive recently sold €138k worth of stock On the 28th of September, Theodore Young sold around 5k shares on-market at roughly €27.57 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €251k. Theodore has been a net seller over the last 12 months, reducing personal holdings by €766k. New Risk • Oct 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Significant insider selling over the past 3 months (€460k sold). Buying Opportunity • Oct 04
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €34.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to decline by 18% in 2 years. Earnings is forecast to decline by 58% in the next 2 years. New Risk • Aug 14
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €322k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 39% per year for the foreseeable future. Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€322k sold). Recent Insider Transactions • Aug 13
Insider recently sold €251k worth of stock On the 10th of August, Alexander Hadjipateras sold around 10k shares on-market at roughly €25.15 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Buying Opportunity • Aug 11
Now 23% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €30.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to decline by 26% in 2 years. Earnings is forecast to decline by 62% in the next 2 years. Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: US$1.29 (vs US$0.62 in 1Q 2023) First quarter 2024 results: EPS: US$1.29 (up from US$0.62 in 1Q 2023). Revenue: US$110.8m (up 45% from 1Q 2023). Net income: US$51.7m (up 108% from 1Q 2023). Profit margin: 47% (up from 33% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 02
Upcoming dividend of US$1.00 per share at 14% yield Eligible shareholders must have bought the stock before 09 August 2023. Payment date: 06 September 2023. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 14%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%). Annonce • Aug 01
Dorian LPG Ltd., Annual General Meeting, Sep 13, 2023 Dorian LPG Ltd., Annual General Meeting, Sep 13, 2023, at 11:00 Eastern Daylight. Location: Dorian LPG (USA) LLC located at 27 Signal Road, Stamford, CT 06902 Stamford United States Agenda: To consider re-elect and elect as applicable two directors to serve on the Company's Board of Directors (the Board" or Board of Directors") until the 2026 annual meeting of shareholders; to consider ratify the appointment of Deloitte Certified Public Accountants S.A. as our auditors for the fiscal year ending March 31, 2024 and approve, on an advisory, non-binding basis, the compensation of our named executive officers. The Board of Directors unanimously recommends that you vote your shares; and to consider FOR" the approval, on an advisory, non-binding basis, of the compensation of our named executive officers, as disclosed in this proxy statement. Annonce • Jul 29
Dorian LPG Ltd. to Report Q1, 2024 Results on Aug 02, 2023 Dorian LPG Ltd. announced that they will report Q1, 2024 results Pre-Market on Aug 02, 2023 Annonce • Jul 28
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About September 6, 2023 Dorian LPG Ltd. announced that Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company's common stock, returning $40.4 million of capital to shareholders. The dividend is payable on or about September 6, 2023 to all shareholders of record as of the close of business on August 10, 2023. Reported Earnings • May 26
Full year 2023 earnings released: EPS: US$4.31 (vs US$1.79 in FY 2022) Full year 2023 results: EPS: US$4.31 (up from US$1.79 in FY 2022). Revenue: US$389.7m (up 45% from FY 2022). Net income: US$172.4m (up 140% from FY 2022). Profit margin: 44% (up from 27% in FY 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 19
Dorian LPG Ltd. to Report Q4, 2023 Results on May 24, 2023 Dorian LPG Ltd. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on May 24, 2023 Buying Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be €24.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to decline by 2.9% in 2 years. Earnings is forecast to decline by 10% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €20.25, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 282% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.45 per share. Recent Insider Transactions • Feb 12
Director recently sold €458k worth of stock On the 8th of February, John Lycouris sold around 22k shares on-market at roughly €20.54 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.1m more than they bought in the last 12 months. Upcoming Dividend • Feb 07
Upcoming dividend of US$1.00 per share at 21% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 28 February 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 21%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 02
Third quarter 2023 earnings released: EPS: US$1.28 (vs US$0.42 in 3Q 2022) Third quarter 2023 results: EPS: US$1.28 (up from US$0.42 in 3Q 2022). Revenue: US$103.3m (up 51% from 3Q 2022). Net income: US$51.3m (up 209% from 3Q 2022). Profit margin: 50% (up from 24% in 3Q 2022). Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.5%. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Annonce • Feb 02
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About February 28, 2023 Dorian LPG Ltd. Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company's common stock, returning over $40.3 million of capital to shareholders. The dividend is payable on or about February 28, 2023 to all shareholders of record as of the close of business on February 15, 2023. Annonce • Jan 28
Dorian LPG Ltd. to Report Q3, 2023 Results on Feb 01, 2023 Dorian LPG Ltd. announced that they will report Q3, 2023 results Pre-Market on Feb 01, 2023 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €15.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in Europe. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.51 per share. Recent Insider Transactions • Dec 16
Insider recently sold €182k worth of stock On the 13th of December, Alexander Hadjipateras sold around 10k shares on-market at roughly €18.23 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €232k. Insiders have been net sellers, collectively disposing of €1.7m more than they bought in the last 12 months. Annonce • Dec 02
Dorian LPG Ltd. Elects Marit Lunde to Serve as A Class III Director On November 26, 2022, the board of directors (Board) of the Dorian LPG Ltd., on the recommendation of its Nominating and Corporate Governance Committee, unanimously authorized the increase in the size of the Board from seven to eight members and, to fill the resulting vacancy, elected Marit Lunde to serve as a Class III director effective immediately. Ms. Lunde, age 55, has over thirty years of experience in the energy sector. Since 1990 she has held various positions at Equinor ASA (formerly Statoil and StatoilHydro) including in accounting, operations, trading, chartering and shipping, upstream projects, health, safety and environment, corporate risk management, and upstream operations. She is currently the head of group insurance and serves as the Chairman of the Board of Equinor's captive insurance company and is a member of the board of Equinor's Pension Fund. Ms. Lunde graduated with honors from Heriot-Watt University in 1990 with a BA in Business Administration. Recent Insider Transactions • Nov 25
Key Executive recently sold €232k worth of stock On the 21st of November, Theodore Young sold around 13k shares on-market at roughly €18.54 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €232k. Theodore has been a net seller over the last 12 months, reducing personal holdings by €1.1m. Buying Opportunity • Nov 18
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €22.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to decline by 2.5% in 2 years. Earnings is forecast to decline by 24% in the next 2 years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Director Christina Tan was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 09
Key Executive recently sold €232k worth of stock On the 4th of November, Theodore Young sold around 13k shares on-market at roughly €18.58 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Theodore has been a net seller over the last 12 months, reducing personal holdings by €883k. Buying Opportunity • Nov 05
Now 22% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be €23.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to decline by 1.6% in 2 years. Earnings is forecast to decline by 41% in the next 2 years. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: US$0.51 (vs US$0.35 in 2Q 2022) Second quarter 2023 results: EPS: US$0.51 (up from US$0.35 in 2Q 2022). Revenue: US$75.8m (up 22% from 2Q 2022). Net income: US$20.3m (up 44% from 2Q 2022). Profit margin: 27% (up from 23% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Annonce • Sep 08
Dorian LPG Ltd., Annual General Meeting, Sep 27, 2022 Dorian LPG Ltd., Annual General Meeting, Sep 27, 2022, at 10:00 Eastern Daylight. Location: 27 Signal Road Stamford, CT 06902 Stamford United States Agenda: To re-elect two directors to serve on company Board of Directors until the 2025 annual meeting of shareholders; to ratify the selection of Deloitte Certified Public Accountants S.A. as company independent registered public accounting firm for the fiscal year ending March 31, 2023; to approve, on an advisory, non-binding basis, the compensation of company named executive officers; to recommend, on an advisory, non-binding basis, the frequency of future advisory votes on the compensation of company named executive officers; and to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof. Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: US$0.62 (vs US$0.14 in 1Q 2022) First quarter 2023 results: EPS: US$0.62 (up from US$0.14 in 1Q 2022). Revenue: US$76.4m (up 26% from 1Q 2022). Net income: US$24.8m (up 323% from 1Q 2022). Profit margin: 33% (up from 9.7% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is expected to shrink by 7.3% compared to a 43% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annonce • Aug 04
Dorian LPG Ltd. Declares Irregular Cash Dividend, Payable on or About September 2, 2022 Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company's common stock, returning over $40.1 million of capital to shareholders. The dividend is payable on or about September 2, 2022 to all shareholders of record as of the close of business on August 15, 2022. Annonce • Jul 28
Dorian LPG Ltd. to Report Q1, 2023 Results on Aug 03, 2022 Dorian LPG Ltd. announced that they will report Q1, 2023 results Pre-Market on Aug 03, 2022 Recent Insider Transactions • Jul 14
Insider recently sold €72k worth of stock On the 11th of July, Alexander Hadjipateras sold around 5k shares on-market at roughly €14.32 per share. In the last 3 months, there was an even bigger sale from another insider worth €168k. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months. Annonce • Jun 26
Dorian LPG Ltd.(NYSE:LPG) dropped from Russell 2000 Growth-Defensive Index Dorian LPG Ltd.(NYSE:LPG) dropped from Russell 2000 Growth-Defensive Index Recent Insider Transactions • Jun 07
Key Executive recently sold €168k worth of stock On the 3rd of June, Theodore Young sold around 10k shares on-market at roughly €16.79 per share. In the last 3 months, they made an even bigger sale worth €306k. Theodore has been a seller over the last 12 months, reducing personal holdings by €651k. Reported Earnings • May 27
Full year 2022 earnings released: EPS: US$1.79 (vs US$1.86 in FY 2021) Full year 2022 results: EPS: US$1.79 (down from US$1.86 in FY 2021). Revenue: US$274.2m (down 12% from FY 2021). Net income: US$71.9m (down 22% from FY 2021). Profit margin: 26% (down from 30% in FY 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 9.8% compared to a 52% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.