DORIAN LPG Reports Strong Financial Results for First Quarter of FY2024
August 6, 2023
☀️Earnings Overview
On August 2 2023, DORIAN LPG ($NYSE:LPG) announced their financial results for the first quarter of FY2024, with total revenue rising 45.2% to USD 111.6 million and net income 108.1% higher at USD 51.7 million, compared to the same period in the previous year ending June 30 2023.
Market Price
The results were released after the market closed on Wednesday and showed that the company’s stock opened at $28.8 and closed at $28.2, down by 4.5% from its previous closing price of 29.5. Despite the stock price decline, these strong financial results demonstrate that DORIAN LPG is in a solid financial position, and is in a good position to achieve continued growth in the coming quarter. Investors should continue to monitor the company’s performance over the upcoming quarters to determine whether the strong financial results are sustainable. 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 |
| 424.49 | 199.32 | 45.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dorian Lpg. More…
| Operations | Investing | Financing |
| 253.23 | -71.86 | -181.03 |
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 |
| 1.7k | 818.07 | 21.93 |
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 |
| 7.1% | 11.3% | 54.6% |
| FCF Margin | ROE | ROA |
| 45.0% | 16.5% | 8.5% |
Analysis
At GoodWhale, we have conducted a thorough analysis of DORIAN LPG‘s fundamentals. Our analysis reveals that DORIAN LPG is a low risk investment option in terms of both financial and business aspects. We have given it a Risk Rating of 2, which is quite good. However, we have also detected two risk warnings in its balance sheet and financial journal. To find out more about these risks, you can become a registered user of GoodWhale and gain access to our complete assessment. 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 has reported strong financial results for the first quarter of FY2024, with total revenue of USD 111.6 million and net income of USD 51.7 million, representing year-over-year increases of 45.2% and 108.1%, respectively. Despite this impressive performance, the stock price moved down on the same day, indicating investors have likely factored in other considerations, such as potential changes in the competitive landscape and macroeconomic environment. Given the strong financial performance, investors should consider DORIAN LPG as a potential investment opportunity and continue to monitor the company’s performance for potential opportunities to buy at an attractive price.
Related Posts
Recent Posts
