Intrinsic Value

The intrinsic value of BW LPG Ltd (BWLPG) under the Base Case is 208.38 NOK per share. Compared with the current market price of 234.2 NOK, the stock appears Overvalued by 11% .

The intrinsic value is calculated using the DCF method. The model assumes net margin jumps to 53% in 2026, higher than in any of the last six years, before easing to 33% by 2033. If net margin stayed at its five-year average of 12%, the estimate would be about kr93. The value of the years after 2033 is tied to revenue, so margins count only until then.

Do our valuations actually work? See backtest results .

BWLPG Intrinsic Value
kr208.38
Overvaluation 11%
Intrinsic Value
Price kr234.2

BWLPG is more expensive than usual. It was this expensive or more expensive on just 13% of days in the past 5 years.

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20% below Intrinsic Value kr166.7
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Current Price kr234.2
Intrinsic Value kr208.38
Margin of Safety 20% kr166.7
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Fundamental Analysis

What BW LPG Does

Energy

BW LPG owns and operates a fleet of very large gas carriers that move liquefied petroleum gas, or LPG, across international sea routes. Its ships carry cargoes such as propane and butane from exporters to importers, helping link energy producers, trading houses, and fuel distributors with the markets that need LPG for heating, cooking, industry, and petrochemicals.

Headquarters
Singapore SG
Employees
1 444
IPO date
Nov 21, 2013
Read the full company overview
View Company Overview

BW LPG has no economic moat

No Moat Narrow Wide

BW LPG Ltd lacks an economic moat, leaving it vulnerable to competitive pressures and market challenges.

Read the full moat analysis

Latest Earnings Call

Q2 2026 · August 28, 2026

Open the earnings call
EPS
kr0.79
Expected
kr1.19
Surprise
−33.6%
Stock, day of the call
−0.5%
View Earnings Call
Financials
Efficiency

Earnings Waterfall
BW LPG Ltd

Wall St Price Targets

Capital Returns

Competitive Landscape

What is the Intrinsic Value of one BWLPG stock?

The intrinsic value for BW LPG Ltd (BWLPG) under the Base Case is 208.38 NOK.

Is BWLPG stock undervalued or overvalued?

Compared with the current market price of 234.2 NOK, the stock appears Overvalued by 11% .

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