Dorian LPG Ltd
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. The company owns and operates twenty-five very large gas carriers. Dorian LPG Ltd. was incorporated in 2013 and is headquartered in Stamford, Connecticut.
Dorian LPG Ltd (LPG) - Net Assets
Latest net assets as of September 2025: $1.07 Billion USD
Based on the latest financial reports, Dorian LPG Ltd (LPG) has net assets worth $1.07 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.78 Billion) and total liabilities ($713.63 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.07 Billion |
| % of Total Assets | 59.91% |
| Annual Growth Rate | 36.92% |
| 5-Year Change | 10.49% |
| 10-Year Change | 6.14% |
| Growth Volatility | 1418.77 |
Dorian LPG Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Dorian LPG Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dorian LPG Ltd (2012–2025)
The table below shows the annual net assets of Dorian LPG Ltd from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.05 Billion | +2.21% |
| 2024-03-31 | $1.02 Billion | +11.24% |
| 2023-03-31 | $920.15 Million | -2.82% |
| 2022-03-31 | $946.83 Million | 0.00% |
| 2021-03-31 | $946.83 Million | -3.09% |
| 2020-03-31 | $977.05 Million | +7.05% |
| 2019-03-31 | $912.68 Million | -4.87% |
| 2018-03-31 | $959.41 Million | -1.70% |
| 2017-03-31 | $976.00 Million | -0.97% |
| 2016-03-31 | $985.60 Million | +12.87% |
| 2015-03-31 | $873.21 Million | +26.15% |
| 2014-03-31 | $692.20 Million | +5325.70% |
| 2013-03-31 | $12.76 Million | -27.55% |
| 2012-03-31 | $17.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dorian LPG Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 31114282500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $311.14 Million | 29.74% |
| Common Stock | $543.24K | 0.05% |
| Other Components | $734.42 Million | 70.21% |
| Total Equity | $1.05 Billion | 100.00% |
Dorian LPG Ltd Competitors by Market Cap
The table below lists competitors of Dorian LPG Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TKH Group NV
AS:TWEKA
|
$1.05 Billion |
|
Heron Neutron Medical Corp.
TW:7799
|
$1.05 Billion |
|
Godfrey Phillips India Limited
NSE:GODFRYPHLP
|
$1.05 Billion |
|
SolarWinds Corp
NYSE:SWI
|
$1.05 Billion |
|
Air Transport Services Group Inc
NASDAQ:ATSG
|
$1.05 Billion |
|
Ternium Argentina SA
BA:TXAR
|
$1.05 Billion |
|
Bolsa Mexicana de Valores S.A.B. de C.V
OTCGREY:BOMXF
|
$1.05 Billion |
|
WH Smith PLC
PINK:WHTPF
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dorian LPG Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,023,533,083 to 1,046,106,185, a change of 22,573,102 (2.2%).
- Net income of 90,170,480 contributed positively to equity growth.
- Dividend payments of 156,398,056 reduced retained earnings.
- Share repurchases of 6,266,718 reduced equity.
- New share issuances of 89,000,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $90.17 Million | +8.62% |
| Dividends Paid | $156.40 Million | -14.95% |
| Share Repurchases | $6.27 Million | -0.6% |
| Share Issuances | $89.00 Million | +8.51% |
| Other Changes | $6.07 Million | +0.58% |
| Total Change | $- | 2.21% |
Book Value vs Market Value Analysis
This analysis compares Dorian LPG Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 141.61x to 1.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | $0.22 | $31.76 | x |
| 2014-03-31 | $12.17 | $31.76 | x |
| 2015-03-31 | $15.54 | $31.76 | x |
| 2016-03-31 | $17.40 | $31.76 | x |
| 2017-03-31 | $20.31 | $31.76 | x |
| 2018-03-31 | $17.75 | $31.76 | x |
| 2019-03-31 | $16.74 | $31.76 | x |
| 2020-03-31 | $18.05 | $31.76 | x |
| 2021-03-31 | $19.00 | $31.76 | x |
| 2022-03-31 | $23.46 | $31.76 | x |
| 2023-03-31 | $22.88 | $31.76 | x |
| 2024-03-31 | $25.30 | $31.76 | x |
| 2025-03-31 | $24.83 | $31.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dorian LPG Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.52%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.70x
- Recent ROE (8.62%) is above the historical average (4.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -38.02% | -12.55% | 0.20x | 15.24x | $-6.13 Million |
| 2014 | 0.41% | 9.56% | 0.04x | 1.21x | $-66.39 Million |
| 2015 | 2.89% | 24.26% | 0.09x | 1.26x | $-62.06 Million |
| 2016 | 13.16% | 44.84% | 0.16x | 1.87x | $31.13 Million |
| 2017 | -0.15% | -0.86% | 0.10x | 1.79x | $-99.04 Million |
| 2018 | -2.13% | -12.80% | 0.09x | 1.81x | $-116.34 Million |
| 2019 | -5.58% | -32.24% | 0.10x | 1.78x | $-142.21 Million |
| 2020 | 11.45% | 33.54% | 0.20x | 1.71x | $14.14 Million |
| 2021 | 9.78% | 29.30% | 0.20x | 1.67x | $-2.12 Million |
| 2022 | 7.60% | 26.23% | 0.17x | 1.67x | $-22.75 Million |
| 2023 | 18.74% | 44.24% | 0.24x | 1.75x | $80.43 Million |
| 2024 | 30.04% | 54.83% | 0.31x | 1.80x | $205.09 Million |
| 2025 | 8.62% | 25.52% | 0.20x | 1.70x | $-14.44 Million |
Industry Comparison
This section compares Dorian LPG Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dorian LPG Ltd (LPG) | $1.07 Billion | -38.02% | 0.67x | $1.05 Billion |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |