Professional
Added to YB: 2020-05-04
Pitch date: 2020-05-04
LPG [bullish]
Dorian LPG Ltd.
+487.51%
current return
Author Info
Praetorian Capital is a hedge fund managed by Harris “Kuppy” Kupperman dedicated to seeking non-correlated, asymmetric and absolute returns. Sign up for the newsletter.
Company Info
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide.
Market Cap
$742.2M
Pitch Price
$4.17
Price Target
N/A
Dividend
23.07%
EV/EBITDA
4.02
P/E
4.48
EV/Sales
2.76
Sector
Oil, Gas and Consumable Fuels
Category
N/A
Praetorian Capital q1 2020 fund letter - Dorian LPG (LPG -USA)
Dorian LPG (LPG-USA): VLGC owner trading at $8, <0.5x BV ($20s/share). $1-$2/share quarterly cash flow. Buybacks at <0.5x BV highly accretive. Natural hedge to clean tankers: propane demand ↑ when naphtha prices ↑, vice versa. Cheap on its own merits.
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