BW LPG Limited BWLP

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
59/100
Moderate

Ranked against 33 peers in Marine Shipping

About BW LPG Limited

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. It operates through Shipping and Product Services segments. The company engages in the transportation of liquefied petroleum gas (LPG); provision of integrated LPG delivery services, as well as management services; wholesale and trade of LPG; and investment in commercial enterprises. As of December 31, 2024, … Full BWLP analysis →

Key strengths

  • ROIC Sustainably Above Peers ROIC at 87.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.94), demonstrating pricing resilience across cycles.

Key risks

  • Scale Without Profitability Despite scale, profitability lags peers (score 0.25), suggesting limited competitive advantage.
  • Below-Peer Operating Efficiency Operating margin at 37.5th percentile indicates below-peer efficiency.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Pricing Power

Moderate
53
Premium

Signals, strengths and risks for Pricing Power

Premium

Signals, strengths and risks for Cost Advantage

Premium

Signals, strengths and risks for Customer Stickiness

Premium

Signals, strengths and risks for Capital Efficiency

Premium

Signals, strengths and risks for Resilience

Premium

Signals, strengths and risks for Scale & Market Position

Where BWLP ranks in Marine Shipping

BW LPG Limited ranks #12 of 34 scored companies in Marine Shipping by moat score — the top 35%. The widest moat in the group is Euroseas Ltd. (ESEA) at 86/100.

# Company Moat score Rating
8 Performance Shipping Inc. PSHG 63/100 Moderate
9 Golden Ocean Group Limited GOGL 63/100 Moderate
10 Kirby Corporation KEX 62/100 Moderate
11 Navios Maritime Partners LP NMM 60/100 Moderate
12 BW LPG Limited BWLP 59/100 Moderate
13 Hafnia Limited HAFN 56/100 Moderate
14 Matson, Inc. MATX 56/100 Moderate
15 Safe Bulkers, Inc SB 55/100 Moderate
16 Diana Shipping inc. DSX 54/100 Moderate

See every General Corporate company ranked by moat score →

How BWLP scores on the Corporate Default defenses

Pricing Power

Score 52 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 69 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 52 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 84 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 54 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 39 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BWLP's moat

What is BW LPG Limited's moat score?

BW LPG Limited (BWLP) scores 59 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #12 of 34 scored companies in Marine Shipping, the top 35%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Marine Shipping. Its strongest defense is Capital Efficiency (84/100) and its weakest is Scale & Market Position (39/100).

How does BW LPG Limited compare with other Marine Shipping companies?

BW LPG Limited ranks #12 of 34 scored companies in Marine Shipping by moat score. The widest moat in Marine Shipping is Euroseas Ltd. (ESEA) at 86/100. The companies ranked closest are Navios Maritime Partners LP (NMM) at 60 just above it and Hafnia Limited (HAFN) at 56 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Marine Shipping. The defenses are then weighted to produce the overall score out of 100.

Why is BW LPG Limited scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for BW LPG Limited?

The Corporate Default template measures 6 defenses, and BWLP scores: Pricing Power (52), Cost Advantage (69), Customer Stickiness (52), Capital Efficiency (84), Resilience (54), Scale & Market Position (39). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000