COMPARE · Reviewed July 29, 2026
LPG vs TRMD
Verdict: Side-by-side breakdown using the Bull Rankings model. LPG scored 61.5, TRMD scored 57.7 — LPG leads.
Compare another set
LPG
Dorian LPG Ltd.
61.5
$46.18 · $2.0B
fundamentals as of
Score gap
3.8
LPG leads
TRMD
TORM plc
57.7
$30.10 · $3.1B
fundamentals as of
The model, pillar by pillar (0–100 each)
LPG
stronger →← stronger
TRMD
75
Qualityreturns · margins · balance sheet
70
50
Growthrevenue & earnings expansion
50
62
Valuevaluation vs sector peers
55
LPG is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
LPG
TRMD
$209mC
FCF
$190mC
+36.3%A
Rev
-14.1%D
0.62B
D/E
0.48B
10.2xA-
P/E
8.8xA-
0.28A
PEG
—
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
LPG
TRMD
36% below
Price vs fair valuelower is cheaper
33% above
~-12%/yr
Growth the price implies10-yr FCF · lower = less priced in
~5%/yr
+74%
1-yr DCF upside
-16%
+56%
5-yr DCF upside
-25%
+34%
10-yr DCF upside
-35%
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
TRMD
Why this score
- Diluting shareholders
- Cut its dividend
- Revenue shrinking
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.
TRMDTORM plc
Why now
Oil & Gas Midstream · market cap $3.1b. 15% off the 52-week high of $35.33. Revenue -14% — in contraction; any catalyst that reverses this triggers re-rating.
Moat
Net margin 21% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Revenue contracting -14% — the operational turn is not yet visible in the top line. Reserve-replacement treadmill — every barrel or ounce extracted has to be replaced through exploration or acquisition; underspending on replacement reserves shows up in production declines 2-3 years out.
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.