BW LPG Ltd
Research BW LPG Ltd (BWLP) on Bullrun: valuation model: 22.5% overvalued, market cap USD 3.95B, P/E 10.9, dividend yield 8.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBWLP
- ExchangeNYSE
- CountrySingapore
- SectorEnergy
- IndustryOil & Gas Midstream
- CurrencyUSD
- Valuation signal22.5% overvalued
- Market capUSD 3.95B
- P/E10.9
- Dividend yield8.4%
- Financial periodQ2 2026
- RevenueUSD 1.01B
- Net incomeUSD 120.13M
- Free cash flowUSD 192.62M
- Gross margin16.7%
Valuation Snapshot
Bullrun's latest valuation model marks BW LPG Ltd as 22.5% overvalued; latest market cap is USD 3.95B; P/E is 10.9; dividend yield is 8.4%.
Peer valuation comparison
Latest P/E is 10.95x versus a Energy sector median of 15.51x (29.4% below).
Latest dividend yield is 8.42% versus a Energy sector median of 3.67% (129.4% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 3.58B | USD 242.31M | USD 385.02M | 9.3% | 1.6 | USD 242.01M | USD 990.24M | USD 1.83B |
| FY2024 | USD 3.56B | USD 354.30M | USD 146.90M | 12.4% | 2.64 | USD 279.68M | USD 1.17B | USD 1.81B |
| FY2023 | USD 2.95B | USD 469.96M | USD 396.68M | 17.5% | 3.53 | USD 287.55M | USD 570.19M | USD 1.47B |
| FY2022 | USD 1.56B | USD 227.40M | USD 459.01M | 16.9% | 1.68 | USD 284.52M | USD 705.86M | USD 1.48B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 3.95B | 10.9 | 8.4% | 2.19 |
| 2025 | 2025-12-31 | USD 1.98B | 8.2 | n/a | n/a |
| 2024 | 2024-12-31 | USD 1.72B | 4.3 | 25.5% | 2.9 |
| 2023 | 2023-12-29 | USD 1.97B | 4.9 | 20.5% | 3.08 |
| 2022 | 2022-12-30 | USD 1.03B | 5.3 | 12.1% | 0.94 |
| 2021 | 2021-12-31 | USD 753.16M | 4.1 | 11.3% | 0.62 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2.19 USD, yield 8.4%.
| Year | Dividends/share |
|---|---|
| FY2024 | 2.9 USD |
| FY2023 | 3.08 USD |
| FY2022 | 0.94 USD |
About BW LPG Ltd
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.
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Frequently asked questions
Is BW LPG Ltd overvalued or undervalued?
Bullrun's valuation model currently marks BW LPG Ltd as 22.5% overvalued.
What is BW LPG Ltd's market cap?
BW LPG Ltd's market capitalization is USD 3.95B.
What is BW LPG Ltd's P/E ratio?
BW LPG Ltd's price-to-earnings (P/E) ratio is 10.9.
Does BW LPG Ltd pay a dividend?
BW LPG Ltd has a dividend yield of 8.4%.
What does BW LPG Ltd do?
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.