BW LPG Ltd

BWLP

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Energy
Singapore
Mid cap

BW LPG Ltd is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

3.06%

Impure Income*

$0.035

Purification*

$0.098

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Mid cap
BUY
$19.63
$11.85
$24.59
7
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
90.97%
10.19%
8.77%
1.45
1.63
-45.79%

Shariah Compliance

  • Updated on September 12, 2024
Debt
20.46%
✓
Non-Compliant Assets
2.69%
✓
Impure Income
3.06%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
32.38%
✓
Impure Income
3.06%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
27.13%
✓
Impure Income
3.06%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
20.12%
✓
Cash
14.46%
✓
Cash & AR
14.46%
✓
Impure Income
3.06%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
20.12%
✓
Cash
14.46%
✓
Cash & AR
14.46%
✓
Impure Income
3.06%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
3.06%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

BW LPG Limited is a Singapore-based investment holding company. The principal activities of Company and its subsidiaries include ship owning, chartering and liquefied petroleum gas (LPG) trading. The Company operates through two segments: Shipping and Product Services. It owns and operates LPG vessels, including very large gas carriers (VLGC) with a total carrying capacity of over 3 million cubic meters (CBM). It operates approximately 44 VLGCs, including Ayame, Astor, Berge Ningbo, BW Aries, BW Balder, BW Birch, BW Brage, BW Carina, BW Cedar, BW Elm, BW Freyja, BW Frigg, BW Gemini, and others. Its Product Services segment supports its core shipping business. It offers a low-risk and fully integrated product delivery service to its customers. Its Product Services segment purchases LPG and delivers it directly to customers. The Company controls a fleet of over 490 vessels transporting oil, gas and dry commodities.

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