(BWLP) BW G - Ratings and Ratios
Vessel Chartering, LPG Shipping, Gas Trade
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 10.64% |
| Yield on Cost 5y | 45.36% |
| Yield CAGR 5y | 32.98% |
| Payout Consistency | 67.2% |
| Payout Ratio | 116.8% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 41.4% |
| Value at Risk 5%th | 64.3% |
| Relative Tail Risk | -5.65% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.82 |
| Alpha | 20.06 |
| CAGR/Max DD | 1.09 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.585 |
| Beta | 0.910 |
| Beta Downside | 1.421 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.41% |
| Mean DD | 19.87% |
| Median DD | 19.83% |
Description: BWLP BW G November 10, 2025
BW LPG Limited (NYSE: BWLP) is a Singapore-based investment holding company that operates globally in ship owning and chartering, focusing on the transportation and integrated delivery of liquefied petroleum gas (LPG). The business is split between a Shipping segment, which runs a fleet of 55 gas carriers, and a Product Services segment that provides wholesale LPG trade, management, and ancillary services.
As of 31 December 2024 the fleet comprised 53 Very Large Gas Carriers (VLGCs), of which 29 are owned outright, plus two large gas carriers on time charter and eight VLGCs held by its Indian subsidiary. The owned-to-charter ratio (≈ 55 % owned) is higher than the industry average (~ 45 %), giving BW LPG a relatively stronger balance-sheet position and lower exposure to spot charter volatility.
Key industry drivers that affect BW LPG’s earnings include: (1) global LPG demand, which the International Energy Agency projects to grow 2.5 %-3 % annually through 2030, led by expanding petrochemical use in Asia; (2) spot freight rates for VLGCs, which have averaged $1,800–$2,200 per day in 2024, driven by tight supply and rising Asian import volumes; and (3) regulatory trends favoring LPG as a cleaner-burning fuel for transport and residential heating, supporting long-term price premiums over other gases.
Recent performance metrics (as of Q3 2024) show an EBITDA margin of roughly 18 % and a fleet utilization rate above 92 %, reflecting both strong demand and effective vessel scheduling. The average age of BW LPG’s owned VLGCs is about 5 years, positioning the fleet well against upcoming IMO emissions standards that favor newer, more fuel-efficient vessels.
For a deeper quantitative dive, you might explore ValueRay’s detailed financial models and scenario analyses for BW LPG.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (169.0m TTM) > 0 and > 6% of Revenue (6% = 224.3m TTM) |
| FCFTA -0.02 (>2.0%) and ΔFCFTA -24.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 6.81% (prev 6.07%; Δ 0.75pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 613.8m > Net Income 169.0m (YES >=105%, WARN >=100%) |
| Net Debt (672.8m) to EBITDA (375.8m) ratio: 1.79 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.47 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (151.3m) change vs 12m ago 14.05% (target <= -2.0% for YES) |
| Gross Margin 10.05% (prev 18.80%; Δ -8.75pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 127.3% (prev 143.8%; Δ -16.41pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.85 (EBITDA TTM 375.8m / Interest Expense TTM 49.9m) >= 6 (WARN >= 3) |
Altman Z'' 1.90
| (A) 0.08 = (Total Current Assets 796.2m - Total Current Liabilities 541.5m) / Total Assets 3.34b |
| (B) 0.17 = Retained Earnings (Balance) 558.5m / Total Assets 3.34b |
| (C) 0.07 = EBIT TTM 192.0m / Avg Total Assets 2.94b |
| (D) 0.40 = Book Value of Equity 558.5m / Total Liabilities 1.41b |
| Total Rating: 1.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 55.06
| 1. Piotroski 3.0pt |
| 2. FCF Yield -2.82% |
| 3. FCF Margin -2.04% |
| 4. Debt/Equity 0.66 |
| 5. Debt/Ebitda 1.79 |
| 6. ROIC - WACC (= 0.45)% |
| 7. RoE 9.47% |
| 8. Rev. Trend 79.09% |
| 9. EPS Trend -15.07% |
What is the price of BWLP shares?
Over the past week, the price has changed by +3.16%, over one month by -3.01%, over three months by -18.12% and over the past year by +36.15%.
Is BWLP a buy, sell or hold?
What are the forecasts/targets for the BWLP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 17.3 | 39.2% |
BWLP Fundamental Data Overview December 17, 2025
P/E Trailing = 10.9099
P/E Forward = 10.5932
P/S = 0.4965
P/B = 1.0328
Beta = -0.061
Revenue TTM = 3.74b USD
EBIT TTM = 192.0m USD
EBITDA TTM = 375.8m USD
Long Term Debt = 801.2m USD (from longTermDebt, last quarter)
Short Term Debt = 164.7m USD (from shortLongTermDebt, last quarter)
Debt = 1.17b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 672.8m USD (from netDebt column, last quarter)
Enterprise Value = 2.71b USD (1.83b + Debt 1.17b - CCE 293.1m)
Interest Coverage Ratio = 3.85 (Ebit TTM 192.0m / Interest Expense TTM 49.9m)
FCF Yield = -2.82% (FCF TTM -76.4m / Enterprise Value 2.71b)
FCF Margin = -2.04% (FCF TTM -76.4m / Revenue TTM 3.74b)
Net Margin = 4.52% (Net Income TTM 169.0m / Revenue TTM 3.74b)
Gross Margin = 10.05% ((Revenue TTM 3.74b - Cost of Revenue TTM 3.36b) / Revenue TTM)
Gross Margin QoQ = 9.61% (prev 13.52%)
Tobins Q-Ratio = 0.81 (Enterprise Value 2.71b / Total Assets 3.34b)
Interest Expense / Debt = 1.10% (Interest Expense 12.9m / Debt 1.17b)
Taxrate = 5.82% (3.51m / 60.3m)
NOPAT = 180.8m (EBIT 192.0m * (1 - 5.82%))
Current Ratio = 1.47 (Total Current Assets 796.2m / Total Current Liabilities 541.5m)
Debt / Equity = 0.66 (Debt 1.17b / totalStockholderEquity, last quarter 1.79b)
Debt / EBITDA = 1.79 (Net Debt 672.8m / EBITDA 375.8m)
Debt / FCF = -8.81 (negative FCF - burning cash) (Net Debt 672.8m / FCF TTM -76.4m)
Total Stockholder Equity = 1.78b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.06% (Net Income 169.0m / Total Assets 3.34b)
RoE = 9.47% (Net Income TTM 169.0m / Total Stockholder Equity 1.78b)
RoCE = 7.42% (EBIT 192.0m / Capital Employed (Equity 1.78b + L.T.Debt 801.2m))
RoIC = 6.57% (NOPAT 180.8m / Invested Capital 2.75b)
WACC = 6.12% (E(1.83b)/V(3.01b) * Re(9.37%) + D(1.17b)/V(3.01b) * Rd(1.10%) * (1-Tc(0.06)))
Discount Rate = 9.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.45%
Fair Price DCF = unknown (Cash Flow -76.4m)
EPS Correlation: -15.07 | EPS CAGR: -5.03% | SUE: -1.44 | # QB: 0
Revenue Correlation: 79.09 | Revenue CAGR: 55.26% | SUE: N/A | # QB: 0
Additional Sources for BWLP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle