# BW LPG Limited (BWLP) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Marine. Price $24.86, market value $3.8 billion.

## Valuation
- **P/E (trailing): 8.5×** (5-yr avg 4.2×, 3-yr avg 4.8×). BW LPG Limited trades at 8.5× trailing earnings, well above its own five-year average of 4.2×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.2×**. Enterprise value is 5.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 16.7%** (5-yr avg 35.5%). Free cash flow equals 16.7% of the market value, below its five-year average of 35.5%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 11.8%**. The inverse of the P/E: 11.8% of the price is earned each year.

## Profitability
- **Gross margin: 18.0%**. BW LPG Limited keeps 18.0% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 15.4%**. 15.4% of revenue is left after running the business, a healthy level in most sectors.
- **Return on equity: 15.0%**. 15.0% on shareholders' equity is solid.
- **Return on invested capital: 21.3%**. Return on all capital, debt included, is 21.3%: comfortably above what that capital costs.
- **Return on assets: 14.2%**. Each dollar of assets produces 14.2% of profit.

## Growth
- **EPS growth (1 yr): -39.4%** (3-yr -1.6%/yr). Earnings per share fell 39.4%.
- **Free-cash-flow growth (3 yr): -5.7%/yr**. Free cash flow has compounded at -5.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.38**. Debt is 0.38 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 12.9×**. Operating profit covers interest 12.9× over, a safe margin.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 10.42%** ($2.59 per share, trailing). BW LPG Limited yields 10.42%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 83%** (45% of free cash flow). 83% of earnings goes out as dividends, leaving a thin cushion.
- **Dividend growth (5 yr): 17.0%/yr** (1-yr -58.8%). The dividend has compounded at 17.0% a year over five years, doubling roughly every 4 years at that pace.

## Price and momentum
- **Total return (1 yr): 75.8%** (YTD 103.3%, 3-mo 25.1%). The shares are up 75.8% over twelve months including dividends.
- **From 52-week high: -2.4%** (112.1% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): 0.37** (volatility 39%). Beta of 0.37 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BWLP · Page: https://foliofundamentals.com/stocks/bwlp

Not investment advice.