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BW LPG LimitedNYSE:BWLP Stock Report

Market Cap US$2.9b
Share Price
n/a
1Y44.9%
7D3.8%
1D-5.4%
Portfolio Value
​
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BW LPG Limited

NYSE:BWLP Stock Report

Market Cap: US$2.9b

BWG (BWLP) Stock Overview

An investment holding company, engages in ship owning and chartering activities worldwide. More details

BWLP fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 34% below our estimate of its fair value

Earnings grew by 39.5% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 20.5% per year for the next 3 years

Unstable dividend track record


BWLP Community Fair Values

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BW LPG Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for BWG
Historical stock prices
Current Share PriceNOK 19.06
52 Week HighNOK 22.92
52 Week LowNOK 11.72
Beta0.078
1 Month Change-10.56%
3 Month Change6.78%
1 Year Change44.94%
3 Year Change96.49%
5 Year Change215.04%
Change since IPO69.72%

Recent News & Updates

Seeking Alpha • Jun 16

BW LPG: I Timed The Dip Perfectly, Now What (Rating Upgrade)

Summary BW LPG Limited is upgraded to Strong Buy after a 53% total return in 3 months, driven by surging spot rates and robust earnings. BWLP's $1 billion order for 8 new VLGCs modernizes the fleet, capitalizes on record spot rates, and strengthens market leadership. Product Services delivered $127M gross profit, with $136.8M MtM gains expected to convert to cash, supporting both dividends and vessel investments. Dividend yield could exceed 15% this year, with BLWP downside protected by fixed rates at 3.3x breakeven and resilient arbitrage opportunities. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Jun 16

BW LPG: I Timed The Dip Perfectly, Now What (Rating Upgrade)

Summary BW LPG Limited is upgraded to Strong Buy after a 53% total return in 3 months, driven by surging spot rates and robust earnings. BWLP's $1 billion order for 8 new VLGCs modernizes the fleet, capitalizes on record spot rates, and strengthens market leadership. Product Services delivered $127M gross profit, with $136.8M MtM gains expected to convert to cash, supporting both dividends and vessel investments. Dividend yield could exceed 15% this year, with BLWP downside protected by fixed rates at 3.3x breakeven and resilient arbitrage opportunities. Read the full article on Seeking Alpha
Seeking Alpha • Mar 09

BW LPG: Bound For Bountiful Investor Returns

Summary BW LPG Limited offers a compelling 15% yield on investment, trading at a P/E below 5x, with management providing upbeat guidance for 2025. BWLP's strategic acquisitions and fleet expansion have solidified its position as the world's largest operator of VLGCs, enhancing long-term growth prospects. The company maintains a strong balance sheet with $603 million in liquidity and a net leverage of 33%, ensuring financial stability and dividend viability. Risks include falling spot rates and potential trade wars, but current valuations and robust dividend yields present a strong bullish case for BWLP. Read the full article on Seeking Alpha
Seeking Alpha • Dec 10

BW LPG Is Becoming Interesting

Summary BW LPG's stock has declined 30% due to volatile freight rates but is now attractive long-term thanks to secular LPG export growth and a strong balance sheet. Despite recent earnings drops from $1.14 to $0.58 per share, temporary headwinds are easing, and LPG exports from the U.S. and Middle East are growing. BWLP's almost debt-free balance sheet and generous dividend make it resilient and appealing to patient investors. While short-term momentum is negative, the stock's low valuation and solid fundamentals suggest significant long-term rewards for investors. Read the full article on Seeking Alpha
Seeking Alpha • Sep 21

BW LPG: The Largest VLGC Owner As A Bet On Strong LPG Demand

Summary BWLP agreed to acquire the Avance Gas VLGC fleet for total consideration of $1,050 million. The acquisition of Avance Gas vessels will solidify BWLP's leading position, expanding its fleet by 44%. BWLP's 2Q24 results show strong revenue growth, particularly in the Product Services division, and maintain excellent liquidity with manageable financial risk. From its peer group, BWLP has the best balance sheet, with Total Debt/Equity below 30% and EBITDA/Interest Expenses at 32.8. BWLP trades at 91% PNAV and 4.7 EV/EBITDA. In conclusion, I give BWLP a Buy rating. Read the full article on Seeking Alpha
Seeking Alpha • Aug 23

BW LPG: Fleet Acquisition And Favorable Market Signals Further Growth

Summary BW LPG reported Q2 earnings with a slight decrease in TCE, EPS, and DPS compared to last year. 86% of Q3 days are booked at $43,000. BW LPG acquired Avance Gas' VLGC fleet, leading to a 27% decrease in AVACF stock and a 5% decrease in BWLP stock. The acquisition deal increased BW LPG's fleet scale and leverage, with a potential positive impact on profits offsetting shareholder dilution used to pay for the ships. Coming into the fall, when rates traditionally go up, and with fewer new vessels expected to go on the water in the coming years, the market for BW LPG's services is favorable. Read the full article on Seeking Alpha
Seeking Alpha • Jun 17

BW LPG: Beware Of The Long-Term Risk Of This 19.5%-Yielder

Summary BW LPG stock has rallied 69% in the last 12 months, outperforming the S&P 500 by a wide margin. Despite its impressive rally, the stock remains cheaply valued, with a high dividend yield of 20.9%. BW LPG benefits from a growing global market for LPG cargos, but investors should be cautious of the industry's cyclicality. Read the full article on Seeking Alpha

Shareholder Returns

BWLPUS Oil and GasUS Market
7D3.8%5.0%-0.4%
1Y44.9%21.6%18.4%

Return vs Industry: BWLP exceeded the US Oil and Gas industry which returned 21.6% over the past year.

Return vs Market: BWLP exceeded the US Market which returned 18.4% over the past year.

Price Volatility

Is BWLP's price volatile compared to industry and market?
BWLP volatility
BWLP Average Weekly Movement5.7%
Oil and Gas Industry Average Movement6.0%
Market Average Movement7.3%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: BWLP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: BWLP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19351,444Kristian Sorensenwww.bwlpg.com

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises.

BW LPG Limited Fundamentals Summary

How do BWG's earnings and revenue compare to its market cap?
BWLP fundamental statistics
Market capUS$2.90b
Earnings (TTM)US$360.51m
Revenue (TTM)US$3.56b
8.0x
P/E Ratio
0.8x
P/S Ratio

Is BWLP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BWLP income statement (TTM)
RevenueUS$3.56b
Cost of RevenueUS$2.76b
Gross ProfitUS$799.76m
Other ExpensesUS$439.25m
EarningsUS$360.51m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 28, 2026

Earnings per share (EPS)2.37
Gross Margin22.47%
Net Profit Margin10.13%
Debt/Equity Ratio37.8%

How did BWLP perform over the long term?

See historical performance and comparison

Dividends

7.7%
Current Dividend Yield
78%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 23:38
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

BW LPG Limited is covered by 9 analysts. 5 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
Mark Andrew Falzon ManducaBofA Global Research
Anders-Redigh KarlsenDanske Bank