BW LPG Limited (BWLP) Financial Ratios
10 years of historical data (2016–2025) · Industrials · Marine Shipping
EV/EBITDA
↓
6.13
↑+47% vs avg
5yr avg: 4.18
30Y Low3.1·High18.5
P/FCF
↓
7.71
↑+30% vs avg
5yr avg: 5.94
30Y Low2.3·High48.4
P/B Ratio
↑
1.43
↑+66% vs avg
5yr avg: 0.86
30Y Low0.5·High1.3
ROE
↓
12.9%
↑-29% vs avg
5yr avg: 18.2%
30Y Low-7%·High31%
Debt/EBITDA
↓
1.74
↓-6% vs avg
5yr avg: 1.85
30Y Low0.8·High12.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BWLP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BW LPG Limited trades at 11.0x earnings, 114% above its 5-year average of 5.1x, sitting at the 88th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 57%. On a free-cash-flow basis, the stock trades at 7.7x P/FCF, 30% above the 5-year average of 5.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $2.0B | $1.5B | $2.0B | $1.0B | $764M | $912M | $1.2B | $627M | $588M | $572M |
| Enterprise Value | $3.5B | $2.7B | $2.4B | $2.3B | $1.5B | $1.5B | $1.9B | $2.3B | $1.8B | $1.9B | $1.9B |
| P/E Ratio → | 11.04 | 7.99 | 4.56 | 4.26 | 4.69 | 4.23 | 3.40 | 4.31 | — | — | 24.65 |
| P/S Ratio | 0.75 | 0.54 | 0.45 | 0.65 | 0.69 | 0.63 | 1.02 | 1.45 | 1.28 | 1.18 | 1.16 |
| P/B Ratio | 1.43 | 1.03 | 0.79 | 1.26 | 0.65 | 0.55 | 0.73 | 1.01 | 0.64 | 0.55 | 0.51 |
| P/FCF | 7.71 | 5.59 | 10.38 | 5.05 | 2.28 | 6.40 | 2.75 | 3.79 | 8.08 | — | 48.35 |
| P/OCF | 5.05 | 3.66 | 2.03 | 3.90 | 2.07 | 2.49 | 2.29 | 3.55 | 7.02 | 8.14 | 2.37 |
P/E links to full P/E history page with 30-year chart
BWLP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BW LPG Limited's enterprise value stands at 6.1x EBITDA, 47% above its 5-year average of 4.2x. The Industrials sector median is 13.9x, placing the stock at a 56% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.74 | 0.72 | 0.75 | 0.96 | 1.25 | 2.09 | 2.87 | 3.68 | 3.76 | 3.84 |
| EV / EBITDA | 6.13 | 4.80 | 4.18 | 3.14 | 3.69 | 5.06 | 4.22 | 5.91 | 18.46 | 15.41 | 9.22 |
| EV / EBIT | 11.38 | 7.41 | 5.72 | 4.13 | 5.52 | 6.77 | 6.79 | 8.67 | 565.34 | — | 17.44 |
| EV / FCF | — | 7.69 | 16.46 | 5.76 | 3.21 | 12.60 | 5.63 | 7.53 | 23.28 | — | 160.34 |
BWLP Profitability
Margins and return-on-capital ratios measuring operating efficiency
BW LPG Limited earns an operating margin of 8.3%, above the Industrials sector average of 4.3%. Operating margins have compressed from 16.4% to 8.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.9% is modest. ROIC of 8.4% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.4% | 14.4% | 16.5% | 22.8% | 26.2% | 24.8% | 49.1% | 51.5% | 38.4% | 42.3% | 60.7% |
| Operating Margin | 8.3% | 8.3% | 11.5% | 16.4% | 15.8% | 12.2% | 30.8% | 33.1% | 0.7% | -1.5% | 22.0% |
| Net Profit Margin | 6.8% | 6.8% | 9.9% | 15.9% | 14.6% | 14.9% | 30.0% | 33.5% | -13.7% | -8.7% | 4.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.9% | 12.9% | 19.0% | 30.6% | 14.9% | 13.7% | 22.1% | 25.4% | -6.5% | -3.9% | 2.1% |
| ROA | 7.7% | 7.7% | 11.5% | 19.2% | 9.0% | 7.5% | 10.8% | 11.4% | -2.8% | -1.7% | 0.9% |
| ROIC | 8.4% | 8.4% | 12.4% | 19.3% | 8.7% | 5.1% | 9.1% | 9.0% | 0.1% | -0.2% | 3.3% |
| ROCE | 11.3% | 11.3% | 16.9% | 25.4% | 11.5% | 6.8% | 12.4% | 12.4% | 0.2% | -0.4% | 5.2% |
BWLP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
BW LPG Limited carries a Debt/EBITDA ratio of 1.7x, which is manageable (46% below the sector average of 3.2x). Net debt stands at $748M ($990M total debt minus $242M cash). Interest coverage of 6.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.51 | 0.51 | 0.61 | 0.36 | 0.44 | 0.63 | 0.83 | 1.09 | 1.25 | 1.24 | 1.26 |
| Debt / EBITDA | 1.74 | 1.74 | 2.03 | 0.78 | 1.78 | 2.94 | 2.36 | 3.22 | 12.56 | 11.03 | 6.83 |
| Net Debt / Equity | — | 0.39 | 0.46 | 0.18 | 0.26 | 0.54 | 0.76 | 0.99 | 1.20 | 1.19 | 1.19 |
| Net Debt / EBITDA | 1.31 | 1.31 | 1.55 | 0.39 | 1.06 | 2.49 | 2.16 | 2.93 | 12.05 | 10.56 | 6.44 |
| Debt / FCF | — | 2.10 | 6.08 | 0.71 | 0.92 | 6.20 | 2.88 | 3.73 | 15.20 | — | 111.99 |
| Interest Coverage | 6.52 | 6.52 | 19.73 | 18.06 | 8.42 | 5.53 | 5.39 | 4.57 | 0.06 | -0.16 | 4.04 |
BWLP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.50x means BW LPG Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.34x to 1.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 1.11 | 1.34 | 1.50 | 2.06 | 1.46 | 1.44 | 1.09 | 0.90 | 0.33 |
| Quick Ratio | 1.21 | 1.21 | 0.99 | 1.05 | 1.22 | 1.81 | 1.40 | 1.29 | 0.93 | 0.84 | 0.31 |
| Cash Ratio | 0.57 | 0.57 | 0.46 | 0.44 | 0.58 | 0.62 | 0.46 | 0.42 | 0.29 | 0.19 | 0.16 |
| Asset Turnover | — | 1.17 | 1.01 | 1.21 | 0.59 | 0.51 | 0.37 | 0.32 | 0.22 | 0.20 | 0.19 |
| Inventory Turnover | 25.47 | 25.47 | 36.65 | 12.51 | 8.26 | 16.68 | 30.19 | 9.76 | 10.79 | 14.76 | 15.33 |
| Days Sales Outstanding | — | 24.08 | 22.90 | 32.93 | 40.24 | 51.16 | 68.90 | 76.51 | 69.03 | 65.14 | 44.52 |
BWLP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BW LPG Limited returns 9.1% to shareholders annually — split between a 7.5% dividend yield and 1.7% buyback yield. The payout ratio of 82.5% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 9.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.5% | 10.3% | 25.5% | 20.3% | 12.1% | 13.0% | 13.9% | 5.0% | — | — | 18.3% |
| Payout Ratio | 82.5% | 82.5% | 116.1% | 83.1% | 56.8% | 55.3% | 47.2% | 21.7% | — | — | 442.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.1% | 12.5% | 21.9% | 23.5% | 21.3% | 23.6% | 29.4% | 23.2% | — | — | 4.1% |
| FCF Yield | 13.0% | 17.9% | 9.6% | 19.8% | 43.8% | 15.6% | 36.3% | 26.4% | 12.4% | — | 2.1% |
| Buyback Yield | 1.7% | 2.3% | 0.0% | 1.2% | 2.5% | 0.7% | 0.3% | 0.1% | 1.8% | 0.2% | 0.0% |
| Total Shareholder Yield | 9.1% | 12.6% | 25.5% | 21.4% | 14.6% | 13.7% | 14.1% | 5.2% | 1.8% | 0.2% | 18.3% |
| Shares Outstanding | — | $152M | $134M | $133M | $135M | $139M | $138M | $139M | $140M | $142M | $137M |
Peer Comparison
Compare BWLP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BWLPYou | $3B | 11.0 | 6.1 | 7.7 | 14.4% | 8.3% | 12.9% | 8.4% | 1.7 |
 DLNG | $128M | 2.1 | 3.4 | — | 53.6% | 48.1% | 12.9% | 7.8% | 2.6 |
 FLNG | $2B | 21.6 | 11.9 | 11.9 | 52.9% | 50.6% | 9.8% | 6.1% | 7.3 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 TNK | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 DHT | $3B | 14.4 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 TK | $1B | 10.4 | 0.5 | 9.5 | 27.5% | 21.8% | 4.8% | 12.0% | 0.2 |
 ET | $65B | 13.9 | 9.1 | 16.8 | 21.8% | 11.4% | 10.2% | 6.3% | 4.9 |
 EPD | $79B | 13.8 | 11.8 | 26.7 | 13.6% | 13.1% | 19.3% | 8.3% | 3.7 |
 TRGP | $56B | 30.3 | 14.7 | 95.0 | 26.5% | 20.1% | 48.4% | 13.2% | 3.5 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
BWLP — Frequently Asked Questions
Quick answers to the most common questions about buying BWLP stock.
What is BW LPG Limited's P/E ratio?
BW LPG Limited's current P/E ratio is 11.0x. The historical average is 7.3x. This places it at the 88th percentile of its historical range.
What is BW LPG Limited's EV/EBITDA?
BW LPG Limited's current EV/EBITDA is 6.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.4x.
What is BW LPG Limited's ROE?
BW LPG Limited's return on equity (ROE) is 12.9%. The historical average is 13.0%.
Is BWLP stock overvalued?
Based on historical data, BW LPG Limited is trading at a P/E of 11.0x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is BW LPG Limited's dividend yield?
BW LPG Limited's current dividend yield is 7.48% with a payout ratio of 82.5%.
What are BW LPG Limited's profit margins?
BW LPG Limited has 14.4% gross margin and 8.3% operating margin.
How much debt does BW LPG Limited have?
BW LPG Limited's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.