BWLPG Stock Analysis: BW G | OL
Oil & Gas Midstream | OL, Norway | Market Cap: 31.881m NOK | 12M Return: 60.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 57.1M
EPS Trend: -65.4%
Qual. Beats: 0
Rev. Trend: 82.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
BW LPG Limited is a Singapore-based investment holding company engaged in ship owning and chartering worldwide, operating through two segments: Shipping and Product Services. The company transports liquefied petroleum gas (LPG) and provides integrated LPG delivery, management services, and wholesale LPG trading, covering much of the LPG value chain from sea transportation to downstream distribution. LPG shipping typically relies on specialized vessels such as Very Large Gas Carriers (VLGCs), which are the standard large-scale carriers used for international LPG trade, serving end-uses such as domestic heating/cooking fuels and petrochemical feedstock.
As of December 31, 2025, the company owned and operated a fleet of 54 vessels, including 28 VLGCs, 7 large gas carriers time chartered in by the product services segment, and 8 VLGCs held through its BW LPG India Pte. Ltd. subsidiary. Founded in 1935 and headquartered in Singapore-a leading global maritime and energy trading hub-BW LPG was originally named BW Gas LPG Holding Limited before adopting its current name in September 2013. The firm is listed on the Oslo Stock Exchange (ticker: BWLPG) and is classified under the Energy sector, specifically within Oil & Gas Storage & Transportation.
- VLGC charter rates recover on India LPG import demand
- Product Services segment margin expands on integrated deliveries
- New VLGC deliveries pressure near-term spot freight rates
| Net Income: 360.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 18.54 > 1.0 |
| NWC/Revenue: 7.76% < 20% (prev 3.91%; Δ 3.85% < -1%) |
| CFO/TA 0.42 > 3% & CFO 1.38b > Net Income 360.5m |
| Net Debt (-139.2m) to EBITDA (741.4m): -0.19 < 3 |
| Current Ratio: 1.47 > 1.5 & < 3 |
| Outstanding Shares: last quarter (151.8m) vs 12m ago 0.10% < -2% |
| Gross Margin: 23.80% > 18% (prev 19.28%; Δ 4.52% > 0.5%) |
| Asset Turnover: 106.5% > 50% (prev 101.0%; Δ 5.48% > 0%) |
| Interest Coverage Ratio: 13.91 > 6 (EBIT TTM 488.5m / Interest Expense TTM 35.1m) |
| A: 0.08 (Total Current Assets 863.3m - Total Current Liabilities 587.1m) / Total Assets 3.33b |
| B: 0.21 (Retained Earnings 683.8m / Total Assets 3.33b) |
| C: 0.15 (EBIT TTM 488.5m / Avg Total Assets 3.34b) |
| D: 1.45 (Book Value of Equity 1.90b / Total Liabilities 1.31b) |
| Altman-Z'' = 3.72 = AA |
| DSRI: 0.63 (Receivables 178.1m/270.1m, Revenue 3.56b/3.39b) |
| GMI: 0.81 (GM 19.28% / 23.80%) |
| AQI: 0.48 (AQ_t 0.00 / AQ_t-1 0.01) |
| SGI: 1.05 (Revenue 3.56b / 3.39b) |
| TATA: -0.31 (NI 360.5m - CFO 1.38b) / TA 3.33b) |
| Beneish M = -3.81 (Cap -4..+1) = AAA |
As of July 28, 2026, the stock is trading at NOK 203.40 with a total of 304,151 shares traded. Over the past week, the price has changed by -0.39%, over one month by +15.18%, over three months by +22.32% and over the past year by +60.39%.
Current recommended Stop Loss: 188.60 (which is 7.3% or 2 ATR below the current price).
BW G has no consensus analysts rating.
Market Cap USD = 3.33b (31.9b NOK * 0.1045 NOK.USD)
P/E Trailing = 8.805
P/E Forward = 4.8054
P/S = 8.7106
P/B = 1.5621
Revenue TTM = 3.56b USD
EBIT TTM = 488.5m USD
EBITDA TTM = 741.4m USD
Long Term Debt = 663.1m USD (from longTermDebt, last quarter)
Short Term Debt = 100.8m USD (from shortLongTermDebt, last quarter)
Debt = 133.9m USD (Leases only: 133.9m)
Net Debt = -139.2m USD (calculated: Debt 133.9m - CCE 273.1m)
Enterprise Value = 3.19b USD (3.33b + Debt 133.9m - CCE 273.1m)
Interest Coverage Ratio = 13.91 (Ebit TTM 488.5m / Interest Expense TTM 35.1m)
EV/FCF = 7.07x (Enterprise Value 3.19b / FCF TTM 451.8m)
FCF Yield = 14.15% (FCF TTM 451.8m / Enterprise Value 3.19b)
FCF Margin = 12.69% (FCF TTM 451.8m / Revenue TTM 3.56b)
Net Margin = 10.13% (Net Income TTM 360.5m / Revenue TTM 3.56b)
Gross Margin = 23.80% ((Revenue TTM 3.56b - Cost of Revenue TTM 2.71b) / Revenue TTM)
Gross Margin QoQ = 28.60% (prev 32.61%)
Tobins Q-Ratio = 0.96 (Enterprise Value 3.19b / Total Assets 3.33b)
Interest Expense / Debt = 26.22% (Interest Expense 35.1m / Debt 133.9m)
Taxrate = 8.54% (38.3m / 448.8m)
NOPAT = 446.8m (EBIT 488.5m * (1 - 8.54%))
Current Ratio = 1.47 (Total Current Assets 863.3m / Total Current Liabilities 587.1m)
Debt / Equity = 0.07 (Debt 133.9m / totalStockholderEquity, last quarter 1.90b)
Debt / EBITDA = -0.19 (Net Debt -139.2m / EBITDA 741.4m)
Debt / FCF = -0.31 (Net Debt -139.2m / FCF TTM 451.8m)
Total Stockholder Equity = 1.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.79% (Net Income 360.5m / Total Assets 3.33b)
RoE = 19.80% (Net Income TTM 360.5m / Total Stockholder Equity 1.82b)
RoCE = 19.67% (EBIT 488.5m / Capital Employed (Equity 1.82b + L.T.Debt 663.1m))
RoIC = 17.41% (NOPAT 446.8m / Invested Capital 2.57b)
WACC = 7.95% (E(3.33b)/V(3.47b) * Re(7.31%) + D(133.9m)/V(3.47b) * Rd(26.22%) * (1-Tc(0.09)))
Discount Rate = 7.31% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -78.13 | Cagr: -2.08%
[DCF] Terminal Value 75.44% ; FCFF base≈451.8m ; Y1≈453.7m ; Y5≈480.6m
[DCF] Fair Price = 50.15 (EV 7.47b - Net Debt -139.2m = Equity 7.61b / Shares 151.8m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -65.42 | EPS CAGR: -27.80% | SUE: 0.0 | # QB: 0
Revenue Correlation: 82.18 | Revenue CAGR: 11.22% | SUE: 0.38 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.29 | Chg30d=-5.43% | Revisions=+40% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.16 | Chg30d=+0.31% | Revisions=+0% | Analysts=4
EPS current Year (2026-12-31): EPS=4.28 | Chg30d=-1.43% | Revisions=+62% | GrowthEPS=+244.2% | GrowthRev=+60.0%
EPS next Year (2027-12-31): EPS=1.98 | Chg30d=+0.65% | Revisions=+38% | GrowthEPS=-53.8% | GrowthRev=-34.9%
[Analyst] Revisions Ratio: +59% (up=12, down=2)