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Friday 6 November 2026
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BW LPG Limited
BWLP Energy Oil & Gas Midstream
BW LPG Limited’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 0.52% from fiscal 2024.
- Revenue
- −3.06%
- EPS
- +243.5%
- Free cash flow
- +1,336.3%
- Total debt
- −18.6%
Quarter to June 2026, against a year earlier
21.69
0.94
−4.15%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 2,947 | 3,564 | 3,582 | 3,527 | +10.2% | — | — | — | — | |
| Gross margin, % | — | — | — | — | — | — | — | 27.44 | 19.76 | 18.05 | 25.94 | (9.4) pt | ||||||
| EBT | — | — | — | — | — | — | — | 504 | 425 | 304 | 533 | (22.3%) | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 17.10 | 11.92 | 8.48 | 15.11 | (8.6) pt | ||||||
| Net income | — | — | — | — | — | — | — | 504 | 425 | 304 | 533 | (22.3%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 22.37 | 26.67 | 23.66 | 23.19 | +2.8% | |||||
| Earnings | — | — | — | — | — | — | — | 3.74 | 2.65 | 1.60 | 2.94 | (34.6%) | ||||||
| Cash flow | — | — | — | — | — | — | — | 3.90 | 5.61 | 3.75 | 4.46 | (1.9%) | ||||||
| Capex | — | — | — | — | — | — | — | (0.89) | (4.02) | (0.38) | 0.07 | (34.7%) | ||||||
| Free cash flow | — | — | — | — | — | — | — | 3.01 | 1.58 | 3.37 | 4.53 | +5.8% | ||||||
| Book value | — | — | — | — | — | — | — | 12.04 | 14.50 | 12.72 | 13.51 | +2.8% | ||||||
| Shares, m | — | — | — | — | — | — | — | 132 | 134 | 151 | 151 | +7.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 4.09 | 4.27 | 8.19 | 7.38 | 5.5 | |||||
| P/S | — | — | — | — | — | — | — | 0.68 | 0.43 | 0.55 | 0.94 | 0.6 | ||||||
| P/B | — | — | — | — | — | — | — | 1.27 | 0.78 | 1.03 | 1.61 | 1.0 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.74 | 0.61 | 0.73 | 1.08 | 0.7 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 5.49 | 10.22 | 5.15 | 5.54 | 7.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 513 | 749 | 567 | 678 | +5.1% | |||||
| Capex | — | — | — | — | — | — | — | (117) | (538) | (57) | 11 | (30.0%) | ||||||
| Free cash flow | — | — | — | — | — | — | — | 397 | 212 | 510 | 689 | +13.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 223 | 68 | 223 | 294 | (0.1%) | |||||
| Net debt | — | — | — | — | — | — | — | 163 | 646 | 645 | 514 | +99.0% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | 1,586 | 1,937 | 1,926 | 2,055 | +10.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | 12.13 | 7.49 | 13.16 | +7.5 pt | |||||
| ROIC | — | — | — | — | — | — | — | 18.72 | 10.49 | 8.46 | 13.88 | (10.3) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 20.11 | 12.55 | 22.47 | +12.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 1,546 | 1,429 | 1,444 | — | (3.4%) | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 1.91 | 2.49 | 2.48 | — | +14.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
BW LPG Limited vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CMBT CMB.TECH nv | $4.8B | 3.4× | 3.9× | +519.15% (above 0%: growing) | n/m | +451.20% (above 0%: growing) | 71.02% | 54.45% | Compare |
| GLNG Golar LNG Limited | $4.4B | 27.1× | 40.4× | +100.86% (above 0%: growing) | −30.19% (below 0%: shrinking) | +33.24% (above 0%: growing) | 67.68% | 49.39% | Compare |
| STNG Scorpio Tankers Inc. | $4.1B | 3.9× | 4.4× | +10.40% (above 0%: growing) | +171.19% (above 0%: growing) | +229.09% (above 0%: growing) | 70.83% | 100.99% | Compare |
| EE Excelerate Energy, Inc. | $4.0B | 23.5× | 22.8× | −24.00% (below 0%: shrinking) | +2.27% (above 0%: growing) | −19.75% (below 0%: shrinking) | 0.00% | 31.81% | Compare |
| TRMD TORM PLC | $3.5B | 5.6× | — | +110.28% (above 0%: growing) | +451.67% (above 0%: growing) | +48.55% (above 0%: growing) | 89.05% | 53.58% | Compare |
| DHT DHT Holdings, Inc. | $3.3B | 7.0× | 3.9× | +122.12% (above 0%: growing) | +251.43% (above 0%: growing) | +122.28% (above 0%: growing) | 83.01% | 71.31% | Compare |
| BWLP BW LPG Limited | $3.3B | 7.4× | — | −3.06% (below 0%: shrinking) | +243.48% (above 0%: growing) | +1,336.28% (above 0%: growing) | 23.60% | 13.87% | |
| SUNC SunocoCorp LLC | $3.3B | 10.3× | — | +248.12% (above 0%: growing) | — | +690.91% (above 0%: growing) | 8.65% | 4.10% | Compare |
| TNK Teekay Tankers Ltd. | $2.8B | 4.9× | 4.1× | +62.97% (above 0%: growing) | +258.56% (above 0%: growing) | +278.92% (above 0%: growing) | 59.49% | 58.49% | Compare |
| Median of peers | $3.8B | 6.3× | 4.3× | +105.57% | +211.31% | +175.69% | 69.26% | 54.02% |
BW LPG Limited (BWLP) Latest News
2 Sep
28 Aug
2 Jun
30 May
BWLP metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Altman Z-score