Is the business good?
How good a business is BWLP?
BW LPG Limited earns 12% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
12%
Return on invested capital · cost of capital 9.0% · 3.3 points above what the capital costs: growth creates value
- Operating margin
- 2718%
Operating margin · Oil & Gas Midstream median 36% · 12 months to Q2 2025
- Cash conversion
- 1.86×
Cash conversion · every dollar of reported profit arrived as cash, and more
| Year | Operating margin |
|---|---|
| FY2022 | 13953% |
| FY2023 | 5175% |
| FY2024 | 2777% |
| FY2025 | 3742% |
Details›
- Operating margin12 months to Q2 2025
- 2718%
- Net margin12 months to Q2 2025
- 2116%
- Free cash flow margin
- 3948%
- Revenue, trailing twelve months
- $14M
- Free cash flow, trailing twelve months
- $559M
- Net income, trailing twelve months
- $300M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Oil & Gas Midstream
Ranks #12 of 27 by Smart Score