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BW LPG Limited

Company price
22.04 USD 0.42 ( 1.94%)
Last update at 2026-11-11T20:59:00Z
VOLUME
314379
Market Cap
2759.99M
P/E
11.36

Momentum Score

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BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises. As of December 31, 2025, it owned and operated a fleet of 54 vessels, including 28 very large gas carriers, 7 large gas carriers time chartered in by product services, and 8 VLGCs owned by BW LPG India Pte. Ltd. BW LPG Limited was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013. The company was founded in 1935 and is headquartered in Singapore.

Source: TradingView
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Day Price Range
21.62
Low
22.15
High
52 Week Price Range
8.55
Low
18.79
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

BW LPG Limited operates a global fleet of liquefied petroleum gas carriers that transport LPG for petrochemical and energy customers. Long-term drivers include rising LPG demand for petrochemicals and cleaner-burning fuels and fleet renewal plus chartering dynamics that could support utilization and cash flow, which may appeal to investors seeking exposure to a specialized shipping segment.

Material risks include cyclical freight and charter-rate volatility, charterer credit and refinancing exposure from capital-intensive vessels, and regulatory or emissions requirements that could raise operating costs.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
21.62
Dividend Yield
7.93%
Revenue TTM
3582.14M
Revenue Per Share
23.66
Gross Profit TTM
630.79M
Debt / Equity
0.54
ROE
15.00%
Net Debt
748.17M
ROCE
11.25%
Diluted EPS TTM
1.60

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 312.84M 401.36M 503.96M 235.05M 180.07M
Minority interest -47.40M -40.57M -23.04M -11.18M -1.60M
Net income 249.43M 334.62M 469.96M 227.40M 184.82M
Selling general administrative 76.50M 30.12M 28.85M 13.89M 14.19M
Selling and marketing expenses - - 140.43M 144.29M 138.28M
Gross profit 532.23M 554.25M 514.89M 400.30M 299.71M
Reconciled depreciation 255.93M 202.18M 217.88M 159.43M 154.20M
Ebit 307.13M 387.24M 553.65M 242.12M 220.29M
Ebitda 570.58M 578.19M 779.76M 398.49M 370.46M
Depreciation and amortization 263.45M 190.95M 226.11M 156.37M 150.17M
Operating income 307.13M 387.24M 523.73M 242.12M 147.23M
Other operating expenses 3380.22M 2978.61M 2423.61M 1286.13M 1061.66M
Interest expense 56.63M 21.43M 27.30M 29.77M 38.55M
Tax provision 14.20M 30.09M 10.96M 1.07M 0.52M
Interest income 10.20M 16.25M 10.40M 2.53M 4.46M
Net interest income -44.82M -6.44M -19.14M -29.79M -36.84M
Income tax expense 14.62M 28.42M 10.96M 1.05M 0.51M
Total revenue 3687.35M 3365.85M 2947.34M 1528.25M 1208.89M
Total operating expenses 225.10M 167.01M -8.84M 158.18M 152.47M
Cost of revenue 3155.12M 2811.60M 2432.45M 1127.95M 909.19M
Total other income expense net 5.71M 14.13M -19.77M -31.18M -36.62M
Net income from continuing ops 289.71M 394.87M 493.00M 238.58M 186.42M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 3154.51M 3320.42M 2520.46M 2570.93M 2361.31M
Intangible assets - 0.64M 1.24M 1.37M 1.88M
Other current assets 25.95M 107.57M 123.35M 147.29M 110.62M
Total liab 1229.13M 1382.93M 934.30M 967.46M 977.15M
Total stockholder equity 1829.84M 1805.03M 1469.71M 1483.10M 1370.34M
Other current liab 25.90M 126.12M 133.33M 90.30M 50.79M
Common stock 619.81M 619.87M 1.40M 1.43M 1.42M
Capital stock 619.87M 619.87M 1.40M 1.42M 1.42M
Retained earnings 605.15M 565.79M 609.48M 559.40M 460.07M
Good will 0.36M - - - -
Other assets - - -7.47M - -
Cash 241.99M 279.68M 287.55M 285.74M 132.51M
Total current liabilities 425.56M 610.11M 655.34M 496.01M 219.23M
Current deferred revenue - 1.33M 3.83M 2.84M 4.59M
Net debt 748.17M 893.62M 282.64M 423.16M 741.22M
Short term debt 187.01M 401.04M 291.91M 237.35M 128.91M
Short long term debt 122.71M 230.34M 212.43M 116.15M 82.51M
Short long term debt total 990.15M 1173.30M 570.19M 708.90M 873.73M
Other stockholder equity -53.27M -48.39M 915.33M 918.32M 910.00M
Total current assets 636.72M 677.93M 878.71M 742.68M 451.81M
Long term investments 12.01M 23.43M - - -
Short term investments 1.60M 2.77M 3.27M 3.29M 3.25M
Net receivables 243.30M 211.20M 275.95M 168.48M 169.44M
Long term debt 730.39M 711.66M 199.92M 362.22M 659.78M
Inventory 123.87M 76.71M 188.59M 136.52M 54.52M
Accounts payable 212.65M 97.74M 222.00M 165.86M 38.57M
Accumulated other comprehensive income 658.14M 667.76M -56.49M 679.05M 642.67M
Non currrent assets other - 18.33M 20.06M 0.01M -0.00M
Non current assets total 2517.79M 2642.49M 1641.75M 1828.25M 1909.50M
Capital lease obligations 137.14M 231.29M 157.84M 227.48M 132.54M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.00M -541.21M 68.57M 112.55M 75.72M
Total cashflows from investing activities -49.87M -541.21M - - -
Net borrowings -194.37M 300.19M - - -
Total cash from financing activities -500.35M -138.07M -645.29M -566.17M -267.96M
Net income 249.43M 424.96M 469.96M 223.04M 179.99M
Change in cash -36.97M 69.86M -63.36M 153.24M 42.25M
Begin period cash flow 278.95M 162.04M 225.40M 132.51M 90.26M
End period cash flow 241.99M 231.90M 162.04M 285.74M 132.51M
Total cash from operating activities 543.90M 749.14M 513.36M 471.80M 267.80M
Issuance of capital stock 0.00M 1.09M - - -
Depreciation 263.45M 202.18M 217.88M 156.37M 150.17M
Other cashflows from investing activities 7.75M 88.62M - - -
Dividends paid 205.73M 388.46M 405.49M 124.28M 96.90M
Change to inventory -48.56M 111.89M -54.65M -50.23M -38.07M
Change to account receivables -30.30M 112.69M -116.90M 109.84M -1.28M
Sale purchase of stock -45.66M -0.10M -23.70M -26.32M -5.54M
Other cashflows from financing activities -189.29M -50.78M -112.75M -0.73M -45.80M
Capital expenditures 187.65M 602.25M 116.68M 45.41M 182.90M
Change in working capital 43.55M 153.80M -182.05M 96.98M 0.72M
Stock based compensation 1.75M 2.02M 1.70M 1.37M 0.47M
Other non cash items -12.53M -33.82M 5.88M 214.19M 244.33M
Free cash flow 356.25M 146.90M 396.68M 426.40M 84.91M

Peer Comparison*

Sector: Industrials Industry: Marine Shipping

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
BWLP
BW LPG Limited
0.42
1.94%
22.04 11.36 6.37 0.77 1.54 0.98 5.74
AMKAF
AP Moeller - Maersk A/S A
-50.00
1.74%
2817.00 13.59 2500.00 0.66 0.63 0.79 3.81
AMKBY
AP Moeller-Maersk AS
0.19
1.31%
14.66 13.25 2500.00 0.65 0.63 0.80 3.88
AMKBF
A.P. Møller - Mærsk A/S
-195.00
6.32%
2891.00 12.94 2500.00 0.63 0.60 0.79 3.81
ICTEF
International Container Terminal Services Inc
-
-%
12.65 28.04 22.42 8.70 17.16 9.66 15.21

Profile*

BW LPG Limited

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises. As of December 31, 2025, it owned and operated a fleet of 54 vessels, including 28 very large gas carriers, 7 large gas carriers time chartered in by product services, and 8 VLGCs owned by BW LPG India Pte. Ltd. BW LPG Limited was formerly known as BW Gas LPG Holding Limited and changed its name to BW LPG Limited in September 2013. The company was founded in 1935 and is headquartered in Singapore.

10 Pasir Panjang Road, Singapore, Singapore, 117438

65 6705 5588

1444

Name Title Year Born
Mr. Kristian Sorensen CEO & Interim Head of Commercial 1977
Ms. Samantha Xu Chief Financial Officer 1981
Captain Prodyut Banerjee VP & Head of Operations 1963
Mr. Knut-Helge Knutsen VP & Head of Technical 1970
Ms. Lisa Lim Head of Corporate Communications NA
Mr. Iver Baatvik VP & Head of Corporate Development 1983
Ms. Leona Leo VP & Head of Human Resources NA
Mr. Glenn Lodden Head of Research NA
Ms. Susan E. Barit Acting Secretary NA
Captain Prodyut Banerjee Chief Operations Officer 1963

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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