Stock fact sheet · data as of
Dorian LPG Ltd. (LPG): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Midstream · United States · High Yield Income
Is LPG undervalued?
LPG has a margin of safety of 37%: the stock closed at 53.68 on 16 Oct 2026 against a GLS average fair value of 84.77. 6 of the 9 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between GLS Growth (22.14) and DCF (176.95). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files LPG under High Yield Income: a dividend yield above 4%.
Nine valuation models for LPG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 176.95 | +230% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 70.33 | +31% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 122.04 | +127% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 30.26 | -44% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 22.14 | -59% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 107.29 | +100% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 100.58 | +87% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 49.29 | -8% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 84.05 | +57% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -6.60 | -112% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 55.00 | +2% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Dorian LPG Ltd. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 4.8/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 10.5%, ROE 17.0%, ROA 10.3% - with debt at 0.62 times equity and a free-cash-flow yield of 9.7%.
The dividend yield is high at 6.24% (payout ratio 39%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Net pool revenues related party 94%, Time charter revenues 6%, Other revenue, net 1% (quarter Q1 FY2024).
Institutional ownership scores 9/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 10.5% |
|---|---|---|---|
| GLS Moat | 4.8 / 10 | ROE | 17.0% |
| Debt / equity | 0.62 | ROA | 10.3% |
| Free-cash-flow yield | 9.7% | Payout ratio | 39% |
| Institutions | 9 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 82: Prime
With a Wheel Score of 82, Dorian LPG Ltd. sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 16/20, Moat 7/15, Premium 20/20, Stability 14/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 49% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 14,543 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 572k shares a day on a market cap of $2.3B, with a beta of 0.73 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 37% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 7 / 15 | moat 4.8/10 | |
| Premium | 20 / 20 | implied volatility 49% | |
| Stability | 14 / 20 | 572k shares/day, $2.3B cap, beta 0.73 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026 (before the open), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Midstream
The 12 companies below are the closest to Dorian LPG Ltd. by market cap within the Oil & Gas Midstream industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| NGL NGL Energy Partners LP | 14.81 | 35.80 | +59% | 45Weak | $1.8B |
| GEL Genesis Energy, L.P. | 13.94 | 33.60 | +59% | 75Good | $1.7B |
| GLP Global Partners LP | 49.08 | 59.35 | +17% | 69Good | $1.7B |
| DKL Delek Logistics Partners, LP | 55.94 | 49.57 | -13% | 57Fair | $3.2B |
| TEN Tsakos Energy Navigation Limited | 53.71 | 67.21 | +20% | 70Good | $1.6B |
| PBT Permian Basin Royalty Trust | 34.60 | 8.17 | -324% | 42Weak | $1.6B |
| EE Excelerate Energy, Inc. | 32.51 | 35.30 | +8% | 74Good | $3.7B |
| TK Teekay Corporation | 14.51 | 66.64 | +78% | 80Prime | $1.3B |
| KNTK Kinetik Holdings Inc. | 53.44 | 169.33 | +68% | 82Prime | $4.3B |
| GLNG Golar LNG Limited | 44.95 | 34.79 | -29% | 60Fair | $4.6B |
| SBR Sabine Royalty Trust | 72.43 | 44.62 | -62% | 25No options | $1.1B |
| PAGP Plains GP Holdings LP | 27.11 | 67.24 | +60% | 77Good | $5.4B |
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Start free See the Sunday ScanQuestions about LPG
Is LPG undervalued right now?
By the GLS models, yes: at 53.68 the stock is 37% below the average fair value of 84.77 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of LPG and what does it mean?
LPG scores 82 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for LPG?
84.77 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Dorian LPG Ltd. report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does LPG have listed options, and how liquid are they?
Yes. The nightly snapshot found 262 listed contracts with 14,543 open interest across all expiries and implied volatility of 49% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.