Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
BWLP
STRONG BUYAPPROVEBW LPG Limited · Energy · Singapore · $2.6B · Avg Vol: $9M/d
As a pure-play LPG shipping company, BWLP is a direct beneficiary of the current Middle East conflict-driven volatility in energy logistics. The structural shift away from traditional supply chains towards longer-haul, more complex routing creates a permanent, non-linear increase in ton-mile demand. With a strong management team focused on capital discipline and FCF generation, BWLP is uniquely positioned to capture the scarcity premium inherent in the global LPG trade.
COMPANY DESCRIPTION
BW LPG Limited is the world's leading owner and operator of Very Large Gas Carriers (VLGCs), specializing in the maritime transportation of liquefied petroleum gas (LPG). The company boasts a dominant global market share and a highly modern, fuel-efficient fleet equipped with pioneering LPG dual-fuel propulsion technology. Its competitive moat is established through long-term contracts with major energy companies and unmatched operational scale in global shipping lanes.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6B | 2.9B | 3.6B | 3.6B | 32.0% | 3.6B | 5.7B | 3.7B | 2.1% |
| EPS | 1.69 | 3.57 | 2.65 | 1.60 | -1.8% | 2.25 | — | — | — |
| Shares | 133.4M | 131.1M | 151.5M | 151.3M | +13.5% | 151.8M | — | — | — |
| Debt | 705.9M | 570.2M | 1.2B | 990.2M | 11.9% | 897.8M | — | — | — |
| Equity | 1.5B | 1.5B | 1.8B | 1.8B | 7.4% | — | — | — | — |
| Op CF | 505.3M | 513.4M | 749.1M | 567.4M | 3.9% | 566.6M | — | — | — |
| Inv CF | 112.5M | 68.6M | -541.2M | -39.4M | — | — | — | — | — |
| Fin CF | -522.1M | -645.3M | -138.1M | -534.2M | — | — | — | — | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of BWLP are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| BWLP | BW LPG Limited(you) | $2.6B | 100 | STRONG BUY |
| VLE.TO | Valeura Energy Inc. | $760M | 83 | STRONG BUY |
| G92.SI | China Aviation Oil (Singapore) Corporation Ltd | $1.2B | 66 | BUY |
| BEZ.SI | Beng Kuang Marine Limited | $104M | 95 | STRONG BUY |
| 5E2.SI | Seatrium Ltd | $5.1B | 25 | SELL |
| Y35.SI | AnAn International Limited | $66M | 77 | BUY |
| RE4.SI | Geo Energy Resources Limited | $613M | 28 | SELL |
| JSE.L | Jadestone Energy plc | $197M | 48 | HOLD |
| T13.SI | RH PetroGas Limited | $93M | 39 | HOLD |
| 5WH.SI | Rex International Holding Limited | $70M | 27 | SELL |
Peer medians: ROE 5.3% · P/E 22.2x · Gross margin 31.9%