Dorian LPG Stock: Great Market Dynamics For This Top Performer (NYSE:LPG)

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Art Wager

Investment Thesis

Since I took up Dorian LPG (NYSE:LPG) coverage a year ago and gave it a Hold rating, the stock has had a total return above 40 percent. Just three weeks after I posted that analysis, Hamasattackhijacked

FY2023 FY2022 FY2021
Cash Flow From Operations 388.4 224.1 118.7
– Cash Flow From Investing (34.8) (76.3) 68.8
= Free Cash Flow 353.6 147.8 49.9
For context:
Average TCE ($/day) $65,986 $50,462
Average BLPG1 Ras Tanura-Chiba ($/ton) $105 $87
Fleet utilization 93.9% 95.0%

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