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DorianG

DB:0DA
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0DA
DB
$438M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
  • DorianG has significant price volatility in the past 3 months.
0DA Share Price and Events
7 Day Returns
-8.1%
DB:0DA
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
2.7%
DB:0DA
28.1%
DE Oil and Gas
-16.6%
DE Market
0DA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DorianG (0DA) -8.1% -6.4% -46.7% 2.7% -20.6% -42.6%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 0DA underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 0DA outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
0DA
Industry
5yr Volatility vs Market

Value

 Is DorianG undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DorianG to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for DorianG.

DB:0DA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0DA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (148.99%))
1.713
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.713 * 5.44%)
8.93%

Discounted Cash Flow Calculation for DB:0DA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DorianG is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0DA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.93%)
2020 141.77 Analyst x3 130.15
2021 211.43 Analyst x3 178.20
2022 190.37 Analyst x3 147.30
2023 177.28 Est @ -6.87% 125.93
2024 168.54 Est @ -4.93% 109.91
2025 162.53 Est @ -3.57% 97.31
2026 158.28 Est @ -2.61% 87.00
2027 155.20 Est @ -1.95% 78.31
2028 152.90 Est @ -1.48% 70.83
2029 151.14 Est @ -1.15% 64.28
Present value of next 10 years cash flows $1,089.00
DB:0DA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $151.14 × (1 + -0.39%) ÷ (8.93% – -0.39%)
$1,616.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,616.03 ÷ (1 + 8.93%)10
$687.27
DB:0DA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,089.00 + $687.27
$1,776.27
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,776.27 / 53.44
$33.24
DB:0DA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0DA represents 0.89634x of NYSE:LPG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89634x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 33.24 x 0.89634
€29.80
Value per share (EUR) From above. €29.80
Current discount Discount to share price of €7.35
= -1 x (€7.35 - €29.80) / €29.80
75.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price DorianG is available for.
Intrinsic value
>50%
Share price is €7.35 vs Future cash flow value of €29.8
Current Discount Checks
For DorianG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DorianG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DorianG's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DorianG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DorianG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0DA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.22
NYSE:LPG Share Price ** NYSE (2020-04-07) in USD $8.2
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DorianG.

DB:0DA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:LPG Share Price ÷ EPS (both in USD)

= 8.2 ÷ 1.22

6.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DorianG is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • DorianG is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does DorianG's expected growth come at a high price?
Raw Data
DB:0DA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
16.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:0DA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.73x ÷ 16.1%

0.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DorianG is good value based on expected growth next year.
Price based on value of assets
What value do investors place on DorianG's assets?
Raw Data
DB:0DA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $18.33
NYSE:LPG Share Price * NYSE (2020-04-07) in USD $8.2
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:0DA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:LPG Share Price ÷ Book Value per Share (both in USD)

= 8.2 ÷ 18.33

0.45x

* Primary Listing of DorianG.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DorianG is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess DorianG's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. DorianG has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is DorianG expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DorianG expected to grow at an attractive rate?
  • DorianG's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • DorianG's earnings growth is expected to exceed the Germany market average.
  • DorianG's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0DA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0DA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 16.1%
DB:0DA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0DA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0DA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 334 202 143 4
2021-03-31 366 217 170 4
2020-04-08
2020-03-31 321 164 118 4
DB:0DA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 272 124 66
2019-09-30 242 79 25
2019-06-30 191 28 -24
2019-03-31 158 9 -51
2018-12-31 162 12 -38
2018-09-30 152 16 -31
2018-06-30 146 34 -34
2018-03-31 159 57 -20
2017-12-31 168 44 -15
2017-09-30 159 40 -12
2017-06-30 157 35 -7
2017-03-31 167 52 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DorianG's earnings are expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
  • DorianG's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0DA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from DorianG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0DA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 2.64 3.16 1.62 4.00
2021-03-31 3.15 3.77 2.70 4.00
2020-04-08
2020-03-31 2.16 2.30 2.10 4.00
DB:0DA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.22
2019-09-30 0.45
2019-06-30 -0.44
2019-03-31 -0.93
2018-12-31 -0.71
2018-09-30 -0.56
2018-06-30 -0.63
2018-03-31 -0.38
2017-12-31 -0.28
2017-09-30 -0.22
2017-06-30 -0.13
2017-03-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • DorianG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess DorianG's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DorianG has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has DorianG performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DorianG's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DorianG's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • DorianG has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • DorianG has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
DorianG's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DorianG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0DA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 272.07 66.46 23.34
2019-09-30 241.79 24.61 31.22
2019-06-30 191.24 -24.27 32.79
2019-03-31 157.74 -50.95 34.46
2018-12-31 162.30 -38.46 35.48
2018-09-30 151.70 -30.57 28.10
2018-06-30 145.74 -34.31 26.05
2018-03-31 159.20 -20.40 26.19
2017-12-31 167.58 -14.98 25.24
2017-09-30 158.67 -11.61 24.87
2017-06-30 157.37 -6.84 24.66
2017-03-31 166.52 -1.44 21.73
2016-12-31 203.90 16.76 25.81
2016-09-30 261.60 66.39 28.16
2016-06-30 302.68 114.74 28.23
2016-03-31 288.01 129.69 29.84
2015-12-31 238.55 118.36 24.76
2015-09-30 177.79 72.69 21.55
2015-06-30 123.41 35.25 20.57
2015-03-31 103.43 25.26 15.27
2014-12-31 93.41 15.12 12.57
2014-03-31 44.20 2.83 4.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • DorianG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DorianG used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • DorianG has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DorianG's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DorianG has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is DorianG's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DorianG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DorianG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DorianG's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of DorianG's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DorianG Company Filings, last reported 3 months ago.

DB:0DA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 982.02 651.74 64.69
2019-09-30 954.37 667.75 46.42
2019-06-30 919.08 682.15 21.72
2019-03-31 912.68 696.09 30.84
2018-12-31 927.48 711.33 34.95
2018-09-30 932.46 726.54 48.24
2018-06-30 939.32 741.65 65.29
2018-03-31 959.41 759.10 103.51
2017-12-31 961.96 727.46 55.63
2017-09-30 959.01 718.88 50.84
2017-06-30 969.75 720.74 35.36
2017-03-31 976.00 749.96 17.02
2016-12-31 972.90 766.76 31.84
2016-09-30 966.80 800.63 43.58
2016-06-30 973.88 823.83 47.32
2016-03-31 985.60 834.27 46.41
2015-12-31 975.36 824.99 22.03
2015-09-30 925.53 544.74 80.34
2015-06-30 887.76 336.25 134.72
2015-03-31 873.21 213.07 204.82
2014-12-31 863.84 135.06 182.80
2014-03-31 692.20 142.78 279.13
  • DorianG's level of debt (66.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.7% vs 66.4% today).
  • Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess DorianG's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. DorianG has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is DorianG's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from DorianG dividends. Estimated to be 8.62% next year.
If you bought €2,000 of DorianG shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate DorianG's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DorianG's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0DA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0DA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 1.43 1.00
2021-03-31 0.47 3.00
2020-04-08
2020-03-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as DorianG has not reported any payouts.
  • Unable to verify if DorianG's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DorianG's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DorianG has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess DorianG's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DorianG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DorianG has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of DorianG's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Hadjipateras
COMPENSATION $1,400,642
AGE 69
TENURE AS CEO 6.8 years
CEO Bio

Mr. John C. Hadjipateras has been the Chairman, Chief Executive Officer and President at Dorian LPG Ltd. since July 01, 2013. Mr. Hadjipateras has been the President of Dorian LPG (USA) LLC since July 01, 2013. Mr. Hadjipateras has been actively involved in the management of shipping companies since 1972. He served as the President of Eagle Ocean Transport Inc. He serves as the Managing Director of Eagle Financial Partners LLC, a venture capital management company founded in 1998 and served as Managing Director of Peninsular Maritime Ltd., a shipbrokerage firm from 1972 to 1992. Mr. Hadjipateras founded Eagle Ocean Inc., a stamford, Connecticut-based marine transportation agency concentrating in vessel sales and purchases, chartering, insurance and finance and served as its President since its inception in 1980. He serves as a Director of Kidscape Ltd., and also served on the Board of Advisors to the Faculty of Language and Linguistics of Georgetown University. He served as a Director of Seacor Holdings Inc. (formerly, Seacor Smit Inc.) from July 2000 to April 11, 2013. From 1974 to 1999, he served as a Council member of INTERTANKO, the International Association of Independent Tanker Owners. Mr. Hadjipateras has served as a Council of INTERTANKO. Mr. Hadjipateras has been a member of the Baltic Exchange since 1972 and of the American Bureau of Shipping since 2011. Mr. Hadjipateras has expertise in the maritime and shipping industries.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the DorianG management team in years:

6.8
Average Tenure
60.5
Average Age
  • The average tenure for the DorianG management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Hadjipateras

TITLE
Chairman of the Board
COMPENSATION
$1M
AGE
69
TENURE
6.8 yrs

Ted Young

TITLE
CFO, Treasurer and Principal Financial & Accounting Officer
COMPENSATION
$777K
AGE
52
TENURE
6.8 yrs

John Lycouris

TITLE
Chief Executive Officer of Dorian LPG (USA) LLC
COMPENSATION
$827K
AGE
69
TENURE
6.8 yrs

Nigel Grey-Turner

TITLE
Vice President of Chartering

Alex Hadjipateras

TITLE
Executive Vice President of Business Development
AGE
40
TENURE
6.8 yrs

Costas Markakis

TITLE
CEO of Dorian LPG Management - Athens and President of Dorian LPG Management - Athens
TENURE
7.3 yrs

Tim Hansen

TITLE
Chief Commercial Officer and Director of Dorian LPG (UK) Ltd
Board of Directors Tenure

Average tenure and age of the DorianG board of directors in years:

6
Average Tenure
68
Average Age
  • The tenure for the DorianG board of directors is about average.
Board of Directors

John Hadjipateras

TITLE
Chairman of the Board
COMPENSATION
$1M
AGE
69
TENURE
6.8 yrs

Tim Hansen

TITLE
Chief Commercial Officer and Director of Dorian LPG (UK) Ltd

Øivind Lorentzen

TITLE
Independent Director
COMPENSATION
$103K
AGE
68
TENURE
6.8 yrs

Tom Coleman

TITLE
Independent Director
COMPENSATION
$125K
AGE
53
TENURE
6.6 yrs

Thomas McAvity

TITLE
Independent Director
COMPENSATION
$120K
AGE
68
TENURE
5.3 yrs

Ted Kalborg

TITLE
Independent Director
COMPENSATION
$118K
AGE
68
TENURE
5.3 yrs

Christina Tan

TITLE
Independent Director
COMPENSATION
$115K
AGE
66
TENURE
4.9 yrs
Who owns this company?
Recent Insider Trading
  • DorianG individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Jan 20 Sell Theodore Young Individual 09. Jan 20 09. Jan 20 -3,000 €13.82 €-41,447
06. Jan 20 Sell Sohmen Family Foundation Company 11. Dec 19 02. Jan 20 -698,439 €13.70 €-9,400,536
12. Dec 19 Sell Alexander Hadjipateras Individual 10. Dec 19 10. Dec 19 -10,000 €13.17 €-131,680
19. Nov 19 Sell Sohmen Family Foundation Company 17. Oct 19 18. Nov 19 -1,041,387 €11.76 €-12,015,769
17. Oct 19 Sell Sohmen Family Foundation Company 14. Oct 19 16. Oct 19 -839,846 €11.03 €-9,113,210
15. Oct 19 Sell Sohmen Family Foundation Company 10. Oct 19 11. Oct 19 -274,052 €10.50 €-2,834,119
26. Sep 19 Sell Alexander Hadjipateras Individual 24. Sep 19 25. Sep 19 -15,000 €9.78 €-144,609
23. Sep 19 Sell Sohmen Family Foundation Company 19. Sep 19 19. Sep 19 -50,000 €9.95 €-497,695
03. Sep 19 Sell Sohmen Family Foundation Company 29. Aug 19 29. Aug 19 -250,000 €9.81 €-2,452,394
30. Aug 19 Sell Theodore Young Individual 28. Aug 19 28. Aug 19 -12,000 €9.11 €-109,347
27. Aug 19 Sell Theodore Young Individual 23. Aug 19 23. Aug 19 -5,000 €8.71 €-43,541
22. Aug 19 Sell Sohmen Family Foundation Company 20. Aug 19 21. Aug 19 -300,100 €9.01 €-2,704,501
29. Jul 19 Sell Sohmen Family Foundation Company 25. Jul 19 26. Jul 19 -197,874 €8.86 €-1,750,905
16. Jul 19 Sell Sohmen Family Foundation Company 12. Jul 19 12. Jul 19 -10,122 €8.62 €-87,225
12. Jul 19 Sell Sohmen Family Foundation Company 10. Jul 19 11. Jul 19 -87,466 €8.63 €-754,785
11. Jul 19 Sell Theodore Young Individual 09. Jul 19 09. Jul 19 -4,500 €8.35 €-37,597
10. Jul 19 Sell Sohmen Family Foundation Company 08. Jul 19 09. Jul 19 -391,775 €8.50 €-3,267,097
08. Jul 19 Sell Sohmen Family Foundation Company 03. Jul 19 05. Jul 19 -118,384 €8.14 €-962,245
03. Jul 19 Sell Sohmen Family Foundation Company 02. Jul 19 02. Jul 19 -1,677 €8.05 €-13,507
02. Jul 19 Sell Sohmen Family Foundation Company 28. Jun 19 01. Jul 19 -225,647 €8.06 €-1,790,850
28. Jun 19 Sell Sohmen Family Foundation Company 26. Jun 19 26. Jun 19 -96,902 €7.66 €-742,054
28. Jun 19 Sell Sohmen Family Foundation Company 27. Jun 19 27. Jun 19 -325,615 €7.80 €-2,540,011
X
Management checks
We assess DorianG's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. DorianG has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 30, 2019, its fleet consisted of 23 VLGCs. The company was founded in 2013 and is headquartered in Stamford, Connecticut.

Details
Name: Dorian LPG Ltd.
0DA
Exchange: DB
Founded: 2013
$402,328,463
53,435,468
Website: http://www.dorianlpg.com
Address: Dorian LPG Ltd.
27 Signal Road,
Stamford,
Connecticut, 06902,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE LPG Common Stock New York Stock Exchange US USD 08. May 2014
DB 0DA Common Stock Deutsche Boerse AG DE EUR 08. May 2014
Number of employees
Current staff
Staff numbers
564
DorianG employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 03:01
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/09
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.