Dorian LPG Ltd. Gets $2.42 Million Investment from TD Asset Management

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Dorian Lpg Intrinsic Value – Dorian ($NYSE:LPG) LPG Ltd. is a leading international owner and operator of LPG carriers. They are publicly traded on the New York Stock Exchange under the ticker “LPG.”

They have a long history of investing in public companies and have a team of experienced analysts who conduct in-depth research on potential investments. The $2.42 million investment from TD Asset Management Inc. will help Dorian LPG Ltd. continue to grow and expand their business.

Price History

The stock market has reacted positively to the news, with Dorian LPG stock opening at $19.0 on Monday and closing at the same price, up 0.8% from its prior closing price of 18.8. This is a positive trend for the company, and investors are hopeful that it will continue.

VI Analysis – Dorian Lpg Intrinsic Value

DORIAN LPG is a provider of liquefied petroleum gas shipping services. The company’s fundamentals reflect its long term potential. The fair value of DORIAN LPG shares is around $13.2, calculated by VI Line. Now DORIAN LPG stock is traded at $19.0, overvalued by 44%.

VI 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

TD Asset Management Inc. has invested $2.42 million in Dorian LPG Ltd., a provider of liquefied petroleum gas transportation services. The investment was made through TD’s Global Energy Fund. The Company has long-term contracts with major energy and trading companies, as well as fixed-rate charters with several major end-users.

TD’s investment in Dorian LPG aligns with the fund’s strategy of investing in companies that will benefit from the global transition to cleaner energy sources. Dorian LPG is well-positioned to capitalize on the growing demand for LPG, which is used as a clean-burning fuel for a variety of applications, including power generation, transportation, and heating.