LPG
Dorian LPG Ltd.
$39.56
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 41.6% below fair value
You pay
$39.56
Bear
$54.21
Fair
$67.77
Bull
$81.32
Bear
$54.21
+37.0%
$4.55 × 12x P/E
Fair
$67.77
+71.3%
$4.55 × 16x P/E
Bull
$81.32
+105.6%
$4.55 × 19x P/E
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
8.7x
Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $55.00 from 9 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $67.77 per share.
Warnings
Wall Street's average price target is $55.00 (from 9 analysts). Our estimate is 29% above the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples