BW LPG Limited

BATS-CHIXE:BWLPGO Stock Report

Market Cap: NOK 17.9b

BWG Valuation

Is BWLPGO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BWLPGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BWLPGO (NOK124.95) is trading below our estimate of fair value (NOK637.84)

Significantly Below Fair Value: BWLPGO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BWLPGO?

Key metric: As BWLPGO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BWLPGO. This is calculated by dividing BWLPGO's market cap by their current earnings.
What is BWLPGO's PE Ratio?
PE Ratio3.3x
EarningsUS$474.90m
Market CapUS$1.58b

Price to Earnings Ratio vs Peers

How does BWLPGO's PE Ratio compare to its peers?

The above table shows the PE ratio for BWLPGO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.6x
NWF NWF Group
8.4x4.4%UK£76.2m
YCA Yellow Cake
7.5x-79.9%UK£1.1b
ENOG Energean
8.8x4.3%UK£1.9b
SEPL Seplat Energy
17.7x13.4%UK£1.1b
BWLPGO BWG
3.3x-23.3%NOK 17.9b

Price-To-Earnings vs Peers: BWLPGO is good value based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (10.6x).

Price to Earnings Ratio vs Industry

How does BWLPGO's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
No more companies available in this PE range
No. of Companies4PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BWLPGO is good value based on its Price-To-Earnings Ratio (3.3x) compared to the UK Oil and Gas industry average (8.6x).

Price to Earnings Ratio vs Fair Ratio

What is BWLPGO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BWLPGO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BWLPGO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BWLPGO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 124.95
NOK 169.02
+35.3%
13.7%NOK 204.15NOK 143.83n/a4
Dec ’25n/a
NOK 192.72
0%
12.6%NOK 214.68NOK 158.88n/a3
Nov ’25NOK 142.30
NOK 192.80
+35.5%
9.1%NOK 205.97NOK 167.91n/a3
Oct ’25n/a
NOK 192.80
0%
9.1%NOK 205.97NOK 167.91n/a3
Sep ’25NOK 164.20
NOK 206.10
+25.5%
16.7%NOK 249.85NOK 165.95n/a3
Aug ’25n/a
NOK 238.11
0%
16.3%NOK 280.53NOK 186.65n/a3
Jul ’25n/a
NOK 254.69
0%
7.0%NOK 279.98NOK 241.54n/a3
Jun ’25NOK 221.20
NOK 253.87
+14.8%
7.1%NOK 279.49NOK 240.57n/a3
May ’25n/a
NOK 166.44
0%
15.9%NOK 199.66NOK 134.96n/a3
Apr ’25NOK 121.20
NOK 166.86
+37.7%
15.9%NOK 200.22NOK 135.20n/a3
Mar ’25n/a
NOK 169.28
0%
18.3%NOK 200.82NOK 125.19n/a4
Feb ’25n/a
NOK 171.90
0%
18.8%NOK 204.42NOK 124.11n/a5
Jan ’25n/a
NOK 177.75
0%
19.8%NOK 214.41NOK 128.70NOK 124.955
Dec ’24n/a
NOK 174.23
0%
20.1%NOK 210.02NOK 126.06n/a5
Nov ’24NOK 143.40
NOK 173.38
+20.9%
15.8%NOK 209.23NOK 131.97NOK 142.304
Oct ’24NOK 138.10
NOK 142.53
+3.2%
10.4%NOK 155.49NOK 117.42n/a4
Sep ’24n/a
NOK 142.81
0%
10.5%NOK 155.36NOK 117.32NOK 164.204
Aug ’24n/a
NOK 126.46
0%
10.2%NOK 145.26NOK 112.04n/a4
Jul ’24n/a
NOK 128.32
0%
14.0%NOK 149.93NOK 101.73n/a4
Jun ’24NOK 98.78
NOK 130.84
+32.5%
15.3%NOK 156.26NOK 100.66NOK 221.204
May ’24NOK 84.85
NOK 113.65
+33.9%
20.7%NOK 145.87NOK 87.06n/a4
Apr ’24NOK 80.00
NOK 109.81
+37.3%
21.1%NOK 140.80NOK 84.96NOK 121.204
Mar ’24NOK 95.05
NOK 106.58
+12.1%
19.4%NOK 140.76NOK 87.85n/a4
Feb ’24NOK 81.93
NOK 101.08
+23.4%
13.2%NOK 120.37NOK 84.42n/a4
Jan ’24NOK 81.60
NOK 97.74
+19.8%
10.7%NOK 110.14NOK 83.19n/a4

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/01 06:07
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

BW LPG Limited is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Wilhelm FlinderABN AMRO Bank N.V.
Mark Andrew Falzon ManducaBofA Global Research