COMPARE · Reviewed July 29, 2026
LPG vs TRGP
Verdict: Side-by-side breakdown using the Bull Rankings model. LPG scored 61.5, TRGP scored 56.1 — LPG leads.
Compare another set
LPG
Dorian LPG Ltd.
61.5
$46.18 · $2.0B
fundamentals as of
Score gap
5.4
LPG leads
TRGP
Targa Resources Corp.
56.1
$269.19 · $57.8B
fundamentals as of
The model, pillar by pillar (0–100 each)
LPG
stronger →← stronger
TRGP
75
Qualityreturns · margins · balance sheet
76
50
Growthrevenue & earnings expansion
50
62
Valuevaluation vs sector peers
46
LPG and TRGP split the three pillars evenly.
Fundamentals, head-to-head
LPG
TRGP
$209mC
FCF
$262mC
+36.3%A
Rev
+1.1%C
0.62B
D/E
5.85D
10.2xA-
P/E
27.5xC
0.28A
PEG
1.25B
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
LPG
TRGP
36% below
Price vs fair valuelower is cheaper
931% above
~-12%/yr
Growth the price implies10-yr FCF · lower = less priced in
>60%/yr
+74%
1-yr DCF upside
-91%
+56%
5-yr DCF upside
-90%
+34%
10-yr DCF upside
-89%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
LPG
Why this score
- Cut its dividend
- Cyclical growth
TRGP
Why this score
- Raising its dividend
- Durable high returns
- Cyclical growth
The companies
LPGDorian LPG Ltd.
Why now
Oil & Gas Midstream · market cap $2.0b. 4% off the 52-week high of $48.12. Revenue growing +36% — in hypergrowth territory. PEG 0.28 — paying under fair value for the growth rate. 5 sell-side analysts rate this a Buy with a mean 1-yr target of $51.00 (implying +10% upside).
Moat
Net margin 40% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 17% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 108% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Production-cost sensitivity — top-quartile cost producers generate cash through the cycle while marginal producers burn it; watch the cost-per-unit trend, not just headline revenue.
TRGPTarga Resources Corp.
Why now
Oil & Gas Midstream · market cap $57.8b. 8% off the 52-week high of $291.04. 21 sell-side analysts rate this a Buy with a mean 1-yr target of $296.62 (implying +10% upside).
Moat
Net margin 13% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 68% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. $57.8b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
D/E 5.85 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.