Demonstrações financeiras detalhadas de Dorian LPG Ltd. (LPG): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Dorian LPG Ltd. registou receitas de $481.5M no último exercício, com um CAGR de 5 anos de 8.8%. O lucro líquido atingiu $193.7M, com CAGR de 5 anos de 15.9%.
Margens dos últimos 12 meses: margem bruta 63.3%, margem operacional 57.7%, margem líquida 55.3%. O fluxo de caixa livre cresceu a CAGR de -6.3% em 5 anos.
Ao preço atual de $57.86, LPG negocia a um P/L de 7.52 e um ROE de 28.44%. A capitalização de mercado é de $2.5B.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $167.4M | $159.3M | $158.0M | $333.4M | $315.9M | $274.2M | $389.7M | $560.7M | $353.3M | $481.5M |
| Custo da Receita | $134.1M | $131.9M | $134.0M | $150.8M | $168.2M | $161.2M | $161.7M | $195.5M | $200.7M | $221.0M |
| Lucro Bruto | $33.3M | $27.5M | $24.0M | $182.6M | $147.7M | $113.0M | $228.0M | $365.2M | $152.7M | $260.5M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $21.7M | $26.2M | $34.5M | $23.4M | $33.9M | $30.2M | $32.1M | $39.0M | $42.6M | $53.0M |
| Despesas Operacionais | $19.3M | $23.6M | $32.0M | $21.5M | $31.6M | $20.6M | $29.7M | $36.4M | $40.0M | $53.0M |
| Lucro Operacional | $14.0M | $3.8M | -$8.0M | $161.1M | $116.1M | $92.4M | $198.4M | $328.8M | $112.6M | $207.5M |
| EBITDA | $79.1M | $69.2M | $50.9M | $212.3M | $191.9M | $158.2M | $265.9M | $414.1M | $193.0M | $294.7M |
| Despesas com Juros | $29.0M | $35.7M | $40.6M | $36.1M | $27.6M | $27.1M | $37.8M | $40.5M | $35.8M | $29.2M |
| Lucro Antes de Impostos | -$1.4M | -$20.4M | -$50.9M | $111.8M | $92.6M | $71.9M | $172.4M | $307.4M | $90.2M | $193.7M |
| Imposto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lucro Líquido | -$1.4M | -$20.4M | -$50.9M | $111.8M | $92.6M | $71.9M | $172.4M | $307.4M | $90.2M | $193.7M |
| LPA | $-0.03 | $-0.38 | $-0.93 | $2.08 | $1.86 | $1.79 | $4.31 | $7.63 | $2.14 | $4.55 |
| LPA Diluído | $-0.03 | $-0.38 | $-0.93 | $2.07 | $1.86 | $1.78 | $4.29 | $7.60 | $2.14 | $4.55 |
| Ações em Circulação (Diluídas) | $48.1M | $54.0M | $54.5M | $54.1M | $49.8M | $40.4M | $40.2M | $40.5M | $42.1M | $42.6M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $120.6M | $120.0M | $153.3M | $187.9M |
| Lucro Bruto | $85.2M | $61.4M | $96.5M | $125.4M |
| Lucro Operacional | $59.3M | $50.6M | $83.2M | $142.7M |
| EBITDA | $79.3M | $72.4M | $105.2M | $167.7M |
| Lucro Líquido | $55.4M | $47.2M | $81.0M | $138.3M |
| LPA | $1.30 | $1.11 | $1.90 | $3.25 |
| LPA Diluído | $1.30 | $1.11 | $1.90 | $3.24 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $17.0M | $103.5M | $30.8M | $48.4M | $79.3M | $236.8M | $148.8M | $282.5M | $316.9M | $327.4M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | $14.9M | 0 | 0 | 0 | $11.5M | 0 | 0 |
| Contas a Receber | $42.5M | $27.2M | $45.8M | $67.7M | $56.4M | $58.6M | $76.4M | $53.0M | $49.4M | $99.1M |
| Estoque | $2.6M | $2.0M | $2.1M | $2.0M | $2.0M | $2.3M | $2.6M | $2.4M | $2.5M | $2.4M |
| Ativos Circulantes | $64.0M | $103.5M | $82.6M | $139.6M | $153.3M | $307.9M | $236.3M | $368.9M | $382.4M | $450.3M |
| Imobilizado | $1.60B | $1.54B | $1.48B | $1.46B | $1.39B | $1.26B | $1.42B | $1.42B | $1.35B | $1.36B |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $1.75B | $1.74B | $1.63B | $1.67B | $1.58B | $1.61B | $1.71B | $1.84B | $1.78B | $1.87B |
| Contas a Pagar | $7.1M | $6.3M | $7.2M | $13.6M | $9.8M | $9.5M | $10.8M | $10.2M | $11.5M | $8.0M |
| Dívida de Curto Prazo | $66.0M | $65.1M | $64.0M | $53.3M | $52.0M | $72.2M | $53.6M | $54.1M | $55.0M | $100.7M |
| Passivos Circulantes | $85.8M | $82.0M | $79.4M | $85.0M | $82.1M | $94.8M | $94.6M | $101.8M | $107.9M | $168.8M |
| Dívida de Longo Prazo | $684.0M | $694.0M | $632.1M | $581.9M | $539.7M | $590.7M | $604.3M | $551.5M | $498.8M | $460.2M |
| Passivos Totais | $770.2M | $776.7M | $712.7M | $694.9M | $634.8M | $687.2M | $835.1M | $814.1M | $732.6M | $732.7M |
| Reservas | $156.3M | $135.9M | $85.0M | $196.8M | $289.4M | $280.8M | $231.8M | $377.1M | $311.1M | $400.0M |
| Patrimônio Líquido | $976.0M | $959.4M | $912.7M | $977.1M | $946.8M | $920.2M | $873.8M | $1.02B | $1.05B | $1.14B |
| Dívida Total | $750.0M | $759.1M | $696.1M | $662.1M | $609.3M | $671.0M | $816.1M | $797.3M | $713.0M | $709.6M |
| Dívida Líquida | $732.9M | $655.6M | $665.3M | $598.8M | $530.0M | $434.2M | $667.3M | $503.3M | $396.1M | $382.2M |
| Capital de Giro | -$21.8M | $21.5M | $3.2M | $54.6M | $71.3M | $213.1M | $141.7M | $267.1M | $274.5M | $281.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $268.3M | $294.5M | $327.4M | $342.1M |
| Ativos Totais | $1.78B | $1.78B | $1.87B | $1.90B |
| Passivos Totais | $713.6M | $692.1M | $732.7M | $665.3M |
| Patrimônio Líquido | $1.07B | $1.09B | $1.14B | $1.24B |
| Dívida Total | $698.5M | $786.3M | $709.6M | $646.2M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$1.4M | -$20.4M | -$50.9M | $111.8M | $92.6M | $71.9M | $172.4M | $307.4M | $90.2M | $193.7M |
| Depreciação e Amortização | $65.1M | $65.3M | $65.2M | $68.1M | $77.7M | $66.4M | $63.4M | $68.7M | $69.6M | $71.7M |
| Compensação em Ações | $4.4M | $5.1M | $5.5M | $3.2M | $3.4M | $3.3M | $4.3M | $8.3M | $10.4M | $11.0M |
| Variação Capital de Giro | $8.9M | $12.6M | -$22.1M | -$29.1M | $6.5M | -$17.8M | -$24.9M | -$15.6M | -$29.0M | -$108.0M |
| Fluxo de Caixa Operacional | $52.1M | $57.2M | $8.9M | $169.0M | $170.6M | $118.7M | $224.1M | $388.4M | $173.0M | $210.1M |
| CapEx | -$1.9M | -$437037 | -$4.0M | -$20.0M | -$9.5M | -$23.2M | -$68.8M | -$32.9M | -$18.9M | -$93.8M |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | -$13.0M | -$1.2M | -$1.3M | -$50.6M | -$126.3M | -$21.4M | -$1.7M | -$3.9M | -$6.3M | -$7.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | -$80.1M | -$220.6M | -$162.3M | -$156.4M | -$105.0M |
| Fluxo de Caixa Livre | $50.2M | $56.8M | $4.9M | $149.0M | $161.1M | $95.5M | $155.3M | $355.6M | $154.1M | $116.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $46.4M | $80.8M | $82.1M | $30.5M |
| CapEx | -$13.3M | $16.3M | -$19.4M | -$181515 |
| Fluxo de Caixa Livre | $33.2M | $97.1M | $62.8M | $30.3M |
| Dividendos Pagos | -$26.3M | -$27.7M | -$29.8M | -$42.5M |
| Compensação em Ações | $5.0M | $2.0M | $2.3M | $2.0M |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | -4.8% | -0.8% | +111.0% | -5.2% | -13.2% | +42.1% | +43.9% | -37.0% | +36.3% |
| Crescimento Lucro Líquido (anual) | | -1314.9% | -149.7% | +319.5% | -17.2% | -22.3% | +139.7% | +78.3% | -70.7% | +114.8% |
| Crescimento LPA (anual) | | -1166.7% | -144.7% | +323.7% | -10.6% | -3.8% | +140.8% | +77.0% | -72.0% | +112.6% |
| Variação de Ações (anual) | | +12.4% | +0.9% | -0.7% | -7.9% | -19.0% | -0.4% | +0.6% | +4.2% | +1.1% |
| Crescimento FCF (anual) | | +13.2% | -91.4% | +2964.3% | +8.1% | -40.7% | +62.6% | +129.0% | -56.7% | -24.5% |
| Margem Bruta | 19.9% | 17.2% | 15.2% | 54.8% | 46.8% | 41.2% | 58.5% | 65.1% | 43.2% | 54.1% |
| Margem Operacional | 8.4% | 2.4% | -5.0% | 48.3% | 36.7% | 33.7% | 50.9% | 58.6% | 31.9% | 43.1% |
| Margem EBITDA | 47.2% | 43.4% | 32.2% | 63.7% | 60.7% | 57.7% | 68.2% | 73.9% | 54.6% | 61.2% |
| Margem Líquida | -0.9% | -12.8% | -32.2% | 33.5% | 29.3% | 26.2% | 44.2% | 54.8% | 25.5% | 40.2% |
| Margem FCF | 30.0% | 35.7% | 3.1% | 44.7% | 51.0% | 34.8% | 39.8% | 63.4% | 43.6% | 24.2% |
| Taxa Efetiva de Imposto | -0.0% | -0.0% | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $1.04 | $1.05 | $0.09 | $2.75 | $3.23 | $2.37 | $3.86 | $8.79 | $3.66 | $2.73 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | $5.49 | $4.01 | $3.71 | $2.47 |
| Ações em Circulação (Básicas) | $48.1M | $53.7M | $54.5M | $53.9M | $49.7M | $40.2M | $40.0M | $40.3M | $42.1M | $42.6M |
O que olhar em empresas de Energy
- FCF yield (>8%) — Caixa gerada / capitalização. Em energia o FCF importa mais que LPA.
- ROIC médio 5a (≥10%) — Incluir anos bons e maus para filtrar as realmente disciplinadas.
- FCF positivo em 8 dos últimos 10 anos (≥8/10) — Nomes disciplinados (XOM, CVX, EOG) sobrevivem crashes de 2014-16 e 2020.
- Cobertura do dividendo (FCF / div) (≥1,2x) — Dividendo coberto por FCF, não por dívida. <1x = corte provável.
- Dívida Líquida / EBITDA (<2x em pico) — Olhar com EBITDA em vale, não em pico.
- Capex / Receita (10-20% saudável) — Energia precisa de reinvestimento agressivo para manter reservas.
Rentabilidade
| Retorno sobre patrimônio | 28.44% |
| Retorno sobre capital investido | 17.82% |
| Retorno sobre ativos | 16.92% |
| Margem bruta | 63.35% |
| Margem operacional | 57.73% |
| Margem líquida | 55.33% |
Saúde financeira
| Dívida / Patrimônio | 0.52 |
| Liquidez corrente | 3.26 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 2.30 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -351.00 | -19.71 | -7.03 | 4.19 | 7.06 | 8.09 | 4.63 | 5.36 | 10.44 | 7.52 |
| P/VP | 0.52 | 0.42 | 0.39 | 0.48 | 0.69 | 0.63 | 0.91 | 1.61 | 0.90 | 1.28 |
| P/V | 3.02 | 2.52 | 2.26 | 1.41 | 2.07 | 2.12 | 2.05 | 2.94 | 2.66 | 3.03 |
| Margem Bruta | 19.9% | 17.2% | 15.2% | 54.8% | 46.8% | 41.2% | 58.5% | 65.1% | 43.2% | 54.1% |
| Margem Operacional | 8.4% | 2.4% | -5.0% | 48.3% | 36.7% | 33.7% | 50.9% | 58.6% | 31.9% | 43.1% |
| Margem Líquida | -0.9% | -12.8% | -32.2% | 33.5% | 29.3% | 26.2% | 44.2% | 54.8% | 25.5% | 40.2% |