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BW LPG Valuation Multiples

Discover revenue and EBITDA valuation multiples for BW LPG and similar public comparables like Milaha, Wilh. Wilhelmsen Holding, ZIM Integrated Shipping, Port of Tauranga and more.

BW LPG Overview

About BW LPG

BW LPG Ltd is an LPG shipping. It uses pioneering technology to power its vessels with cleaner-burning liquefied petroleum gas (LPG) and invest in R&D to take towards a zero-carbon future. The company is organized into two main segments: The shipping segment and the product services segment which buy and sell liquid petroleum gas and deliver it to customers. It generates the majority of its revenue from the shipping segment.


Founded

1935

HQ

Singapore

Employees

1.4K

Website

bwlpg.com

Financials (LTM)

Revenue: $798M
EBITDA: $618M

EV

$4B

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BW LPG Financials

BW LPG reported last 12-month revenue of $798M and EBITDA of $618M.

In the same LTM period, BW LPG generated $633M in gross profit, $618M in EBITDA, and $305M in net income.

Revenue (LTM)


BW LPG P&L

In the most recent fiscal year, BW LPG reported revenue of $4B and EBITDA of $647M.

BW LPG is profitable as of last fiscal year, with gross margin of 12%, EBITDA margin of 18%, and net margin of 10%.

See analyst estimates for BW LPG
LTMLast FY202320242025202620272028
Revenue$798M$4B$3B$4B$709M
Gross Profit$633M$440M$515M$440M$540M
Gross Margin79%12%17%12%76%
EBITDA$618M$647M$749M$647M$549M
EBITDA Margin78%18%25%18%77%
EBIT Margin51%12%16%12%49%
Net Profit$305M$354M$470M$354M$242M
Net Margin38%10%16%10%34%
Net Debt—$662M———

Financial data powered by Morningstar, Inc.

BW LPG Stock Performance

BW LPG has current market cap of $3B, and enterprise value of $4B.

Market Cap Evolution


BW LPG's stock price is $21.01.

BW LPG share price increased by 5.8% in the last 30 days, and by 92.8% in the last year.

BW LPG has an EPS (earnings per share) of $2.33.

See more trading valuation data for BW LPG
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$4B$3B-0.3%5.8%14.8%92.8%$2.33

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BW LPG Valuation Multiples

BW LPG trades at 4.9x EV/Revenue multiple, and 6.3x EV/EBITDA.

See NTM and 2027E valuation multiples for BW LPG

EV / Revenue (LTM)


BW LPG Financial Valuation Multiples

As of May 17, 2026, BW LPG has market cap of $3B and EV of $4B.

BW LPG has a P/E ratio of 10.5x.

LTMLast FY202320242025202620272028
EV/Revenue4.9x1.1x1.3x1.1x5.5x
EV/EBITDA6.3x6.1x5.2x6.1x7.2x
EV/EBIT9.7x9.5x8.1x9.5x11.3x
EV/Gross Profit6.2x8.9x7.6x8.9x7.3x
P/E10.5x9.0x6.8x9.0x13.2x
EV/FCF7.4x26.7x9.9x26.7x8.6x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified BW LPG Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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BW LPG Margins & Growth Rates

BW LPG decreased revenue by 80% and EBITDA by 15% in the last fiscal year.

In the most recent fiscal year, BW LPG reported gross margin of 12%, EBITDA margin of 18%, and net margin of 10%.

See estimated margins and future growth rates for BW LPG

BW LPG Margins

Last FY202420252026202720282029
Gross Margin12%12%76%83%
EBITDA Margin18%18%77%78%
EBIT Margin12%12%49%53%
Net Margin10%10%34%43%
FCF Margin4%4%64%69%

BW LPG Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(80%)21%(80%)33%
Gross Profit Growth23%(15%)23%46%
EBITDA Growth(15%)(14%)(15%)34%
EBIT Growth(15%)(15%)(15%)44%
Net Profit Growth(32%)(25%)(32%)69%
FCF Growth210%(63%)210%43%

Data powered by FactSet, Inc. and Morningstar, Inc.

BW LPG Operational KPIs

BW LPG's revenue per employee in the last FY averaged $2.5M, while opex per employee averaged $0.0M for the same period.

BW LPG's Rule of 40 is 111% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

BW LPG's Rule of X is 161% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for BW LPG
LTMLast FY20232024202620272028
Rule of 4086%111%——
Bessemer Rule of X98%161%——
Revenue per Employee—$2.5M——
Opex per Employee—$0.0M——
G&A Expenses to Revenue—1%1%1%
Opex to Revenue—1%1%1%

Data powered by FactSet, Inc. and Morningstar, Inc.

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BW LPG Competitors

BW LPG competitors include Milaha, Wilh. Wilhelmsen Holding, ZIM Integrated Shipping, Port of Tauranga, TORM, Star Bulk Carriers, Höegh Autoliners, Kalmar Corp., DHT Holdings and Teekay Tankers.

Most BW LPG public comparables operate across Marine Transportation.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Milaha3.0x—5.3x—
Wilh. Wilhelmsen Holding2.5x2.5x3.8x16.8x
ZIM Integrated Shipping1.0x1.1x2.9x3.9x
Port of Tauranga14.8x12.7x30.5x24.3x
TORM3.2x3.9x7.4x5.7x
Star Bulk Carriers3.5x4.1x11.5x8.5x
Höegh Autoliners2.5x2.5x5.2x6.1x
Kalmar Corp.1.4x1.4x8.8x8.6x

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About BW LPG

When was BW LPG founded?BW LPG was founded in 1935.
Where is BW LPG headquartered?BW LPG is headquartered in Singapore.
How many employees does BW LPG have?As of today, BW LPG has over 1K employees.
Who is the CEO of BW LPG?BW LPG's CEO is Kristian Sorensen.
Is BW LPG publicly listed?Yes, BW LPG is a public company listed on Oslo Børs.
What is the stock symbol of BW LPG?BW LPG trades under BWLPG ticker.
When did BW LPG go public?BW LPG went public in 2013.
Who are competitors of BW LPG?BW LPG main competitors include Milaha, Wilh. Wilhelmsen Holding, ZIM Integrated Shipping, Port of Tauranga, TORM, Star Bulk Carriers, Höegh Autoliners, Kalmar Corp., DHT Holdings, Teekay Tankers.
What is the current market cap of BW LPG?BW LPG's current market cap is $3B.
What is the current revenue of BW LPG?BW LPG's last 12 months revenue is $798M.
What is the current revenue growth of BW LPG?BW LPG revenue growth (NTM/LTM) is 8%.
What is the current EV/Revenue multiple of BW LPG?Current revenue multiple of BW LPG is 4.9x.
Is BW LPG profitable?Yes, BW LPG is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of BW LPG?BW LPG's last 12 months EBITDA is $618M.
What is BW LPG's EBITDA margin?BW LPG's last 12 months EBITDA margin is 78%.
What is the current EV/EBITDA multiple of BW LPG?Current EBITDA multiple of BW LPG is 6.3x.
What is the current FCF of BW LPG?BW LPG's last 12 months FCF is $529M.
What is BW LPG's FCF margin?BW LPG's last 12 months FCF margin is 66%.
What is the current EV/FCF multiple of BW LPG?Current FCF multiple of BW LPG is 7.4x.
How many companies BW LPG has acquired to date?BW LPG hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies BW LPG has invested to date?BW LPG hasn't invested in any companies yet (or none have been disclosed publicly).

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