NAS10029,447+1.73%S&P7,638+1.14%GOLD$4,412+0.27%BTC$77,965+2.04%VIX15.48+0.26%live tape · as of 17:00 UTC
The Screen · Energy · Oil & Gas Midstream
Dorian LPG Ltd.
LPG · the NYSE · USD · Market cap $2.5B · 602 employees
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide.
FAIL · Does not pass the screen
57.86 USD
At the last full screen 2026-09-16
Screened 2026-09-16 · the tape above runs as of 17:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
Dorian LPG Ltd. holds its Accumulation at $57.86. Elevated stress, defensive posture warranted, held for 5 days.
As held on the ledger · 2026-09-16
Phase
Accumulation
Quantitative state
Elevated stress, defensive posture warranted, held for 5 days
Price at the screen
$57.86
Valuation
7.67 trailing · 12.36 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.76
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
37.91%
Below 33%
Interest-bearing debt is 37.9% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
17.60%
Below 49%
Money owed to the company is 17.6% of assets, under the 49% limit.
Pass
Revenue purity
2.31%
Below 5%
Only 2.3% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-16 screen. The gold marker is the market price at the same screen. The price runs 18.3% above the base estimate.
Third-party analyst targets: 5 covering, consensus Buy. The average target sits −5% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-16 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
LPG Tankers Ride Boom Earnings That May Fade Fast
Picture a fleet of twenty eight very large gas carriers moving LPG from one port to the next. Dorian LPG has delivered 105 percent revenue growth and a 41 percent profit margin, with return on equity at 18 percent. We pass all the same. The shares sit above our fair value estimate and carry no margin of safety at the current price.
The forward multiple of 11.9 times earnings looks modest until you remember this is a pure cyclical business. Peak shipping rates can inflate earnings and make any multiple look cheap right before rates reset. Analysts may favour the name yet the numbers point to a classic value trap rather than a durable bargain.
Energy price swings and fleet utilisation swings remain the real drivers here, even though the ethical screen clears. In shipping, low multiples often mark the top of the cycle, not an entry point. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
LPG trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-04Markup$49.28+20.1%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 20.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 110%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (5 analysts) rates it buy, with a mean price target of $48.
2026-08-04Markup$41.03-9.2%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 9.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 110%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (5 analysts) rates it buy, with a mean price target of $48.
2026-07-18Markup$45.19+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 39% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 110%. Our forward projection puts the odds of a 10% gain over the next month near 25%. The street (5 analysts) rates it buy, with a mean price target of $48.
2026-07-03Markup$45.19+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Markup$45.19Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
