Dorian LPG Ltd Net Assets
Dorian LPG Ltd net assets. 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. Also explore net asset growth rate of Dorian LPG Ltd to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Dorian LPG Ltd (2012–2025)
Net assets of Dorian LPG Ltd from 2012 to 2025. This chart illustrates how Dorian LPG Ltd's net assets have evolved over time, based on quarterly financial data. See LPG net asset quality index to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see LPG stock market capitalisation.
| 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.
Dorian LPG Ltd Net Assets Breakdown (March 2025)
Dorian LPG Ltd net assets breakdown by equity component as of 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 |
|---|---|
|
Helia Group Ltd
AU:HLI
|
$1.05 Billion |
|
Ranhill Holdings Ltd
KLSE:5272
|
$1.05 Billion |
|
Suofeiya Home Collection Co Ltd
SHE:002572
|
$1.05 Billion |
|
eXp World Holdings Inc
NASDAQ:EXPI
|
$1.05 Billion |
|
Zhongnanhong Culture Group Co Ltd
SHE:002445
|
$1.05 Billion |
|
Guangzhou Goaland Energy Conservation Tech Co Ltd
SHE:300499
|
$1.05 Billion |
|
Shanghai Yizhong Pharmaceutical Co Ltd
SHG:688091
|
$1.05 Billion |
|
Seaport Therapeutics, Inc. Common Stock
NASDAQ:SPTX
|
$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: 2.19x
- 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 242.69x to 2.19x 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 | $54.43 | x |
| 2014-03-31 | $12.17 | $54.43 | x |
| 2015-03-31 | $15.54 | $54.43 | x |
| 2016-03-31 | $17.40 | $54.43 | x |
| 2017-03-31 | $20.31 | $54.43 | x |
| 2018-03-31 | $17.75 | $54.43 | x |
| 2019-03-31 | $16.74 | $54.43 | x |
| 2020-03-31 | $18.05 | $54.43 | x |
| 2021-03-31 | $19.00 | $54.43 | x |
| 2022-03-31 | $23.46 | $54.43 | x |
| 2023-03-31 | $22.88 | $54.43 | x |
| 2024-03-31 | $25.30 | $54.43 | x |
| 2025-03-31 | $24.83 | $54.43 | 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: $894,613,065
- Average return on equity (ROE) among peers: 646.42%
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) | $10.27 Million | 94.57% | 0.69x | $10.19 Billion |
| CBL International Limited Ordinary Shares (BANL) | $4.86 Million | 59.23% | 3.85x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $786.00K | 5549.75% | 0.28x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $284.93 Million |
| BW LPG Limited (BWLP) | $1.59 Billion | 30.75% | 0.59x | $3.30 Billion |
| Cheniere Energy Partners LP (CQP) | $414.00 Million | 721.50% | 41.12x | $29.93 Billion |
| Cheniere Energy Partners LP (CQP) | $1.88 Billion | -7.98% | 1.27x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $206.45 Million | -19.51% | 1.44x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $484.80 Million | 10.64% | 0.75x | $118.61 Million |
| DT Midstream Inc (DTM) | $4.28 Billion | 8.97% | 1.10x | $12.24 Billion |
About 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.