Recent Insider Transactions • Jun 13
Independent Director recently sold US$252k worth of stock On the 11th of June, Christina Tan sold around 6k shares on-market at roughly US$44.08 per share. This transaction amounted to 5.5% 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 US$693k. Insiders have been net sellers, collectively disposing of US$3.5m more than they bought in the last 12 months. Recent Insider Transactions • May 27
Independent Director recently sold US$693k worth of stock On the 22nd of May, Ted Gunnar Kalborg sold around 15k shares on-market at roughly US$45.06 per share. This transaction amounted to 19% 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 US$3.3m more than they bought in the last 12 months. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 22% 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 22% 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 (US$355k 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 the United Kingdom are expected to grow by 1.8%. 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 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$47.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$19.70 per share. Announcement • 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 Declared Dividend • May 10
Third quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 18th May 2026 Payment date: 28th May 2026 Dividend yield will be 7.3%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 15% over the next 2 years. Since a fall of 4.1% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • 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. Announcement • 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. Recent Insider Transactions • Apr 12
Head of Energy Transition & Director recently sold US$355k worth of stock On the 9th of April, John Lycouris sold around 10k shares on-market at roughly US$35.50 per share. This transaction amounted to 2.7% 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 US$1.2m. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$30.30, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$55.88 per share. Recent Insider Transactions • Feb 20
Key Executive recently sold US$348k worth of stock On the 18th of February, Theodore Young sold around 10k shares on-market at roughly US$34.84 per share. This transaction amounted to 7.5% 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 US$721k. This was Theodore's only on-market trade for the last 12 months. Declared Dividend • Feb 01
Second quarter dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 9th February 2026 Payment date: 24th February 2026 Dividend yield will be 8.3%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio) nor is it covered by cash flows (154% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control. However, EPS is expected to decline by 56% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Recent Insider Transactions • Jan 23
Chief Commercial Officer recently sold US$721k worth of stock On the 14th of January, Tim Hansen sold around 25k shares on-market at roughly US$28.85 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 US$101k more than they bought in the last 12 months. Recent Insider Transactions • Jan 10
Chairman of the Board recently bought US$410k worth of stock On the 7th of January, John Hadjipateras bought around 15k shares on-market at roughly US$27.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of US$942k worth in shares. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$27.78, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 131% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$32.41 per share. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Director Mark Ross was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Nov 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to US$25.72. The fair value is estimated to be US$32.41, 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 declined by 12%. Revenue is forecast to decline by 0.1% in 2 years. Earnings are forecast to decline by 12% in the next 2 years. Declared Dividend • Nov 08
Second quarter dividend of US$0.65 announced Shareholders will receive a dividend of US$0.65. Ex-date: 17th November 2025 Payment date: 2nd December 2025 Dividend yield will be 8.9%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (143% earnings payout ratio) nor is it covered by cash flows (154% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 59% to bring the payout ratio under control. EPS is expected to grow by 17% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • 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. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: US$1.30 (vs US$0.22 in 2Q 2025) Second quarter 2026 results: EPS: US$1.30 (up from US$0.22 in 2Q 2025). Revenue: US$124.1m (up 51% from 2Q 2025). Net income: US$55.4m (up 487% from 2Q 2025). Profit margin: 45% (up from 12% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • 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 New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.3% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 243% Cash payout ratio: 122% Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Declared Dividend • Aug 10
First quarter dividend of US$0.60 announced Shareholders will receive a dividend of US$0.60. Ex-date: 12th August 2025 Payment date: 27th August 2025 Dividend yield will be 9.1%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not covered by earnings (243% earnings payout ratio) nor is it covered by cash flows (122% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 170% to bring the payout ratio under control. EPS is expected to grow by 7.7% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. New Risk • Aug 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 243% Cash payout ratio: 122% Dividend yield: 10% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 243% Cash payout ratio: 122% Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: US$0.24 (vs US$1.25 in 1Q 2025) First quarter 2026 results: EPS: US$0.24 (down from US$1.25 in 1Q 2025). Revenue: US$83.8m (down 26% from 1Q 2025). Net income: US$10.1m (down 80% from 1Q 2025). Profit margin: 12% (down from 46% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • 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. Announcement • 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 Announcement • 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 New Risk • Jul 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% 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 1.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (150% payout ratio). Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (26% net profit margin). New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% 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 1.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (150% payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (26% net profit margin). Reported Earnings • May 23
Full year 2025 earnings released: EPS: US$2.14 (vs US$7.63 in FY 2024) Full year 2025 results: EPS: US$2.14 (down from US$7.63 in FY 2024). Revenue: US$353.3m (down 37% from FY 2024). Net income: US$90.2m (down 71% from FY 2024). Profit margin: 26% (down from 55% in FY 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$20.17, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 92% over the past three years. Announcement • 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 Declared Dividend • May 04
Third quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 16th May 2025 Payment date: 30th May 2025 Dividend yield will be 15%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (69% cash payout ratio). The dividend has not increased over the past 4 years but payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 6.1% to bring the payout ratio under control. However, EPS is expected to decline by 19% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • 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. Recent Insider Transactions • Apr 13
Chairman of the Board recently bought US$533k worth of stock On the 8th of April, John Hadjipateras bought around 30k shares on-market at roughly US$17.75 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. New Risk • Apr 07
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 British stocks, typically moving 7.3% 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 5.6% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (39% net profit margin). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to US$17.46, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 4x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 100% over the past three years. New Risk • Feb 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 39% Last year net profit margin: 55% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (95% payout ratio). Profit margins are more than 30% lower than last year (39% net profit margin). Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: US$0.50 (vs US$2.48 in 3Q 2024) Third quarter 2025 results: EPS: US$0.50 (down from US$2.48 in 3Q 2024). Revenue: US$80.7m (down 50% from 3Q 2024). Net income: US$21.4m (down 79% from 3Q 2024). Profit margin: 27% (down from 62% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 26
Second quarter dividend reduced to US$0.70 Dividend of US$0.70 is 30% lower than last year. Ex-date: 5th February 2025 Payment date: 27th February 2025 Dividend yield will be 16%, which is higher than the industry average of 6.7%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (58% 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 60% over the next 3 years. Since a fall of 24% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • 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. Announcement • 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 expected to fall by 11% p.a. on average during the next 2 years compared to a 2.2% decline forecast for the Oil and Gas industry in the United Kingdom. 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 29% 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 British dividend payers (5.8%). Higher than average of industry peers (5.0%). 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 forecast to decline by 16% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom 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 47% per year, which means it is significantly lagging earnings growth. Announcement • 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 Dividend of US$1.00 is the same as last year. Ex-date: 8th August 2024 Payment date: 21st August 2024 Dividend yield will be 9.8%, which is higher than the industry average of 6.7%. 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. Announcement • 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. Announcement • Jul 03
Dorian LPG Ltd.(NYSE:LPG) dropped from Russell 3000E Value Index Dorian LPG Ltd.(NYSE:LPG) dropped from Russell 3000E Value Index Announcement • 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 Buy Or Sell Opportunity • Jun 06
Now 29% undervalued Over the last 90 days, the stock has risen 19% to US$44.36. The fair value is estimated to be US$62.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 56%. Revenue is forecast to decline by 35% in 2 years. Earnings are forecast to decline by 59% in the next 2 years. 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 22% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • 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 Announcement • 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. Declared Dividend • Apr 28
Third quarter dividend of US$1.00 announced Dividend of US$1.00 is the same as last year. Ex-date: 7th May 2024 Payment date: 30th May 2024 Dividend yield will be 9.6%, which is higher than the industry average of 6.7%. 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. Announcement • 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 01
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 expected to fall by 17% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in the United Kingdom. Announcement • 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 Declared Dividend • Jan 26
Second quarter dividend of US$1.00 announced Dividend of US$1.00 is the same as last year. Ex-date: 2nd February 2024 Payment date: 27th February 2024 Dividend yield will be 10.0%, which is higher than the industry average of 6.7%. 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. Announcement • 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. Announcement • 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. Buy Or Sell Opportunity • Jan 19
Now 20% undervalued Over the last 90 days, the stock has risen 34% to US$40.76. The fair value is estimated to be US$51.21, 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 are forecast to decline by 21% in the next 2 years. Recent Insider Transactions • Jan 17
Chairman of the Board recently bought US$213k worth of stock On the 12th of January, John Hadjipateras bought around 5k shares on-market at roughly US$42.58 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of US$805k worth in shares. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$40.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 174% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$51.72 per share. Buying Opportunity • Jan 12
Now 22% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be US$51.72, 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 21
Key Executive recently sold US$216k worth of stock On the 18th of December, Theodore Young sold around 5k shares on-market at roughly US$43.25 per share. This transaction amounted to 5.3% 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 US$940k. Theodore has been a net seller over the last 12 months, reducing personal holdings by US$908k. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$37.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 131% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$48.77 per share. Buying Opportunity • Dec 08
Now 24% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be US$49.59, 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. New Risk • Dec 07
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 British stocks, typically moving 8.0% 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 22% per year for the foreseeable future. Minor Risks High level of debt (48% 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 (8.0% average weekly change). Significant insider selling over the past 3 months (US$2.1m sold). Recent Insider Transactions • Dec 06
Director recently sold US$442k worth of stock On the 5th of December, John Lycouris sold around 10k shares on-market at roughly US$44.25 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 US$940k. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months. Recent Insider Transactions • Nov 23
Insider recently sold US$250k worth of stock On the 21st of November, Alexander Hadjipateras sold around 6k shares on-market at roughly US$41.62 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 US$940k. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$43.11, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 172% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$50.17 per share. Recent Insider Transactions • Nov 09
Chief Commercial Officer recently sold US$940k worth of stock On the 6th of November, Tim Hansen sold around 25k shares on-market at roughly US$37.61 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 US$1.9m more than they bought in the last 12 months. Buying Opportunity • Nov 04
Now 23% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be US$48.10, 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 24% in 2 years. Earnings is forecast to decline by 41% in the next 2 years. Reported Earnings • Nov 02
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 fall by 17% p.a. on average during the next 3 years compared to a 2.9% decline forecast for the Oil and Gas industry in the United Kingdom. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to US$38.59, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 145% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$62.75 per share. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$30.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 162% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$35.02 per share. Announcement • 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 US$146k worth of stock On the 28th of September, Theodore Young sold around 5k shares on-market at roughly US$29.13 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 US$277k. Theodore has been a net seller over the last 12 months, reducing personal holdings by US$792k. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$24.79, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 93% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$31.02 per share. 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: US$355k 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 (US$355k sold). Recent Insider Transactions • Aug 13
Insider recently sold US$277k worth of stock On the 10th of August, Alexander Hadjipateras sold around 10k shares on-market at roughly US$27.70 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 US$1.1m more than they bought in the last 12 months. Buying Opportunity • Aug 11
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be US$32.43, 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. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 39% 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 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. 
