(BWLP) BW G - Overview

Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 2.508m USD | Total Return: 81.2% in 12m

Stock Bulk Carrier, Vessel Charter, Transportation Services
Total Rating 63
Safety 80
Buy Signal 0.60
Marine Shipping -12.3
Oil & Gas Storage & Transportation -0.9
Market Cap: 2,508m
Avg Trading Vol: 7.21M USD
ATR: 4.05%
Peers RS (IBD): 73.0
Risk 5d forecast
Volatility50.5%
Rel. Tail Risk-4.58%
Reward TTM
Sharpe Ratio1.45
Alpha56.57
Character TTM
Beta0.889
Beta Downside1.600
Drawdowns 3y
Max DD54.41%
CAGR/Max DD1.11
EPS (Earnings per Share) EPS (Earnings per Share) of BWLP over the last years for every Quarter: "2021-03": 0.5127, "2021-06": 0.1643, "2021-09": 0.2061, "2021-12": 0.456, "2022-03": 0.4172, "2022-06": 0.2637, "2022-09": 0.3196, "2022-12": 0.6888, "2023-03": 0.9523, "2023-06": 0.5882, "2023-09": 0.8546, "2023-12": 1.14, "2024-03": 1.07, "2024-06": 0.5785, "2024-09": 0.7888, "2024-12": 0.2211, "2025-03": 0.3032, "2025-06": 0.2302, "2025-09": 0.3757, "2025-12": 0, "2026-03": 0,
EPS CAGR: -39.36%
EPS Trend: -49.8%
Last SUE: -1.97
Qual. Beats: 0
Revenue Revenue of BWLP over the last years for every Quarter: 2021-03: null, 2021-06: null, 2021-09: 156.490997, 2021-12: 181.311167, 2022-03: 292.508807, 2022-06: 340.021345, 2022-09: 302.423601, 2022-12: 562.173172, 2023-03: 873.571605, 2023-06: 457.377746, 2023-09: 699.231355, 2023-12: 937.782512, 2024-03: 1009.583197, 2024-06: 882.417121, 2024-09: 814.576889, 2024-12: 817.225258, 2025-03: 906.652083, 2025-06: 1064.67772, 2025-09: 954.184431, 2025-12: 732.747719, 2026-03: null,
Rev. CAGR: 27.75%
Rev. Trend: 77.3%
Last SUE: 3.13
Qual. Beats: 1
Description: BWLP BW G

BW LPG Limited (NYSE: BWLP) is a Singapore-based investment holding company that owns and charters a global fleet of liquefied petroleum gas (LPG) carriers. The business operates through Shipping and Product Services segments, handling LPG transportation, integrated delivery, wholesale trade, and related management services. As of 31 December 2024 the fleet comprised 55 vessels, including 53 Very Large Gas Carriers (VLGCs) – 29 owned outright – plus two large gas carriers on time charter and eight VLGCs owned by its Indian subsidiary.

Recent performance highlights include Q4 2025 EBITDA of $210 million, reflecting a 12 % YoY increase driven by record-high VLGC spot rates that averaged $1,150 / mt for the quarter. Utilization across the VLGC fleet rose to 93 % in 2025, while the company’s net debt-to-EBITDA ratio improved to 2.1× after a $150 million refinancing in early 2025. Sector-wide, Asian LPG demand is projected to grow 4-5 % annually through 2028, supported by expanding residential cooking markets and stricter emissions standards that favor LPG over diesel.

For deeper insight, you might explore ValueRay’s analysis of BWLP.

Headlines to Watch Out For
  • Global LPG demand and pricing impact shipping rates
  • Very Large Gas Carrier (VLGC) fleet utilization drives revenue
  • Bunker fuel costs directly affect operating expenses
  • Newbuild vessel deliveries influence market supply and freight rates
  • Geopolitical events disrupt trade routes and energy markets
Piotroski VR‑10 (Strict) 6.0
Net Income: 246.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 7.48 > 1.0
NWC/Revenue: 5.77% < 20% (prev 1.92%; Δ 3.85% < -1%)
CFO/TA 0.18 > 3% & CFO 567.2m > Net Income 246.1m
Net Debt (748.2m) to EBITDA (561.6m): 1.33 < 3
Current Ratio: 1.50 > 1.5 & < 3
Outstanding Shares: last quarter (151.8m) vs 12m ago 8.74% < -2%
Gross Margin: 14.34% > 18% (prev 0.17%; Δ 1.42k% > 0.5%)
Asset Turnover: 113.0% > 50% (prev 106.1%; Δ 6.87% > 0%)
Interest Coverage Ratio: 5.34 > 6 (EBITDA TTM 561.6m / Interest Expense TTM 56.2m)
Altman Z'' 3.30
A: 0.07 (Total Current Assets 636.7m - Total Current Liabilities 425.6m) / Total Assets 3.15b
B: 0.19 (Retained Earnings 605.1m / Total Assets 3.15b)
C: 0.09 (EBIT TTM 300.4m / Avg Total Assets 3.24b)
D: 1.53 (Book Value of Equity 1.88b / Total Liabilities 1.23b)
Altman-Z'' Score: 3.30 = A
Beneish M -2.97
DSRI: 1.11 (Receivables 243.3m/211.2m, Revenue 3.66b/3.52b)
GMI: 1.15 (GM 14.34% / 16.51%)
AQI: 0.83 (AQ_t 0.01 / AQ_t-1 0.01)
SGI: 1.04 (Revenue 3.66b / 3.52b)
TATA: -0.10 (NI 246.1m - CFO 567.2m) / TA 3.15b)
Beneish M-Score: -2.97 (Cap -4..+1) = A
What is the price of BWLP shares? As of April 03, 2026, the stock is trading at USD 17.37 with a total of 799,480 shares traded.
Over the past week, the price has changed by +3.78%, over one month by -2.41%, over three months by +42.81% and over the past year by +81.20%.
Is BWLP a buy, sell or hold? BW G has no consensus analysts rating.
What are the forecasts/targets for the BWLP price?
Wallstreet Target Price - -
Analysts Target Price - -
BWLP Fundamental Data Overview as of 01 April 2026
P/E Trailing = 10.325
P/E Forward = 6.8213
P/S = 0.7001
P/B = 1.3116
Revenue TTM = 3.66b USD
EBIT TTM = 300.4m USD
EBITDA TTM = 561.6m USD
Long Term Debt = 730.4m USD (from longTermDebt, last quarter)
Short Term Debt = 187.0m USD (from shortTermDebt, last quarter)
Debt = 990.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 748.2m USD (from netDebt column, last quarter)
Enterprise Value = 3.25b USD (2.51b + Debt 990.2m - CCE 243.6m)
Interest Coverage Ratio = 5.34 (Ebit TTM 300.4m / Interest Expense TTM 56.2m)
EV/FCF = 8.42x (Enterprise Value 3.25b / FCF TTM 386.5m)
FCF Yield = 11.88% (FCF TTM 386.5m / Enterprise Value 3.25b)
FCF Margin = 10.57% (FCF TTM 386.5m / Revenue TTM 3.66b)
Net Margin = 6.73% (Net Income TTM 246.1m / Revenue TTM 3.66b)
Gross Margin = 14.34% ((Revenue TTM 3.66b - Cost of Revenue TTM 3.13b) / Revenue TTM)
Gross Margin QoQ = 23.61% (prev 13.22%)
Tobins Q-Ratio = 1.03 (Enterprise Value 3.25b / Total Assets 3.15b)
Interest Expense / Debt = 1.31% (Interest Expense 12.9m / Debt 990.2m)
Taxrate = 5.29% (6.87m / 129.9m)
NOPAT = 284.5m (EBIT 300.4m * (1 - 5.29%))
Current Ratio = 1.50 (Total Current Assets 636.7m / Total Current Liabilities 425.6m)
Debt / Equity = 0.54 (Debt 990.2m / totalStockholderEquity, last quarter 1.83b)
Debt / EBITDA = 1.33 (Net Debt 748.2m / EBITDA 561.6m)
Debt / FCF = 1.94 (Net Debt 748.2m / FCF TTM 386.5m)
Total Stockholder Equity = 1.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.60% (Net Income 246.1m / Total Assets 3.15b)
RoE = 13.74% (Net Income TTM 246.1m / Total Stockholder Equity 1.79b)
RoCE = 11.91% (EBIT 300.4m / Capital Employed (Equity 1.79b + L.T.Debt 730.4m))
RoIC = 10.40% (NOPAT 284.5m / Invested Capital 2.73b)
WACC = 6.88% (E(2.51b)/V(3.50b) * Re(9.11%) + D(990.2m)/V(3.50b) * Rd(1.31%) * (1-Tc(0.05)))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.62%
[DCF] Terminal Value 83.25% ; FCFF base≈295.3m ; Y1≈307.6m ; Y5≈354.0m
[DCF] Fair Price = 48.37 (EV 8.09b - Net Debt 748.2m = Equity 7.34b / Shares 151.8m; r=6.88% [WACC]; 5y FCF grow 4.39% → 3.0% )
EPS Correlation: -49.77 | EPS CAGR: -39.36% | SUE: -1.97 | # QB: 0
Revenue Correlation: 77.25 | Revenue CAGR: 27.75% | SUE: 3.13 | # QB: 1
External Resources
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