DORIAN LPG Reports Fourth Quarter Results for Fiscal Year Ending May 24 2023
June 10, 2023
🌥️Earnings Overview
DORIAN LPG ($NYSE:LPG) announced the results of their fourth quarter for the fiscal year ending May 24 2023 on March 31 2023. These figures revealed a total revenue of USD 133.6 million, which was an increase of 67.9% from the previous year, and a net income rise of 114.9% to USD 76.0 million.
Share Price
The stock opened at $24.1 and closed at $23.3, down by 2.2% from its last closing price of $23.8. Looking forward, DORIAN LPG is confident that its performance will improve in the upcoming quarters, driven by higher demand for LPG and LNG. The company is focused on cost-cutting measures and increasing efficiency to maximize profitability and build long-term shareholder value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dorian Lpg. More…
| Total Revenues | Net Income | Net Margin |
| 389.75 | 172.44 | 43.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dorian Lpg. More…
| Operations | Investing | Financing |
| 155.97 | 68.77 | -35.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dorian Lpg. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.71k | 835.07 | 20.75 |
Key Ratios Snapshot
Some of the financial key ratios for Dorian Lpg are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.3% | 7.2% | 53.9% |
| FCF Margin | ROE | ROA |
| 37.2% | 15.4% | 7.7% |
Analysis
At GoodWhale, we recently conducted an analysis of DORIAN LPG’s wellbeing. We used our Star Chart system to evaluate DORIAN LPG’s performance in growth, asset, dividend, and profitability. Our results showed that DORIAN LPG is strong in growth and medium in the other categories. Based on these results, DORIAN LPG is classified as a “cheetah” – a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given its classification, it is likely that DORIAN LPG would attract investors who are interested in higher risk and higher reward opportunities. We can also see from our analysis that DORIAN LPG has a high health score of 8/10 with regard to its cashflows and debt, indicating the company’s ability to sustain future operations in times of crisis. Based on this information, investors who are interested in taking risks in order to achieve high returns may find DORIAN LPG to be an attractive opportunity. More…
Peers
The global liquefied petroleum gas (LPG) market is expected to grow at a CAGR of over 5% during the period 2019–2024. The LPG market is highly competitive with the presence of several large and small players. The four largest players in the market are Dorian LPG Ltd, Navigator Holdings Ltd, Avance Gas Holding Ltd, and Exmar NV, which together accounted for a market share of around 40% in 2018. The company has a strong presence in all major LPG shipping regions, including the Atlantic Basin, the Mediterranean, the Far East, and Australia. Navigator Holdings Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Avance Gas Holding Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Exmar NV is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world.
– Navigator Holdings Ltd ($NYSE:NVGS)
Navigator Holdings Ltd owns and operates a fleet of very large ethane and liquefied petroleum gas carriers. As of March 31, 2021, the company’s operated fleet consisted of 44 vessels. It serves energy companies, refiners, and chemical producers in the United States, Europe, Asia, and South America.
– Avance Gas Holding Ltd ($OTCPK:AVACF)
As of 2022, Avance Gas Holding Ltd has a market cap of 435M and a Return on Equity of 7.85%. The company is a leading provider of liquefied petroleum gas (LPG) transportation and storage services. It operates a fleet of LPG carriers and has a global customer base. The company is headquartered in Singapore.
– Exmar NV ($LTS:0EEV)
Exmar NV is a Belgian shipping company that was founded in Antwerp in 1892. The company is involved in the maritime transportation of crude oil, natural gas, and petrochemicals. As of 2022, Exmar NV had a market capitalization of 561.39 million euros and a return on equity of 0.89%. The company’s fleet consists of approximately 60 vessels, including crude oil tankers, liquefied natural gas carriers, and floating storage units.
Summary
DORIAN LPG‘s fourth quarter results for fiscal year 2023 saw them post impressive growth of 67.9% in total revenue and 114.9% in net income. This demonstrates the company’s strong ability to capitalize on its existing assets and achieve sustained success. Investors should be encouraged by this strong performance and the potential for further growth.
As DORIAN LPG continues to expand its operations, investors can expect to benefit from consistent returns. With a solid balance sheet and a demonstrated track record of success, DORIAN LPG is an attractive option for investors looking for a safe investment opportunity.
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