A Business at a Glance
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Pangaea Logistics Solutions Ltd.
PANL
$495M
Mkt Cap
$7.66
+0.39%
Pangaea Logistics Solutions Ltd. (PANL) has a current P/E ratio of 12.2, compared to its historical median P/E of 7.9. The stock is currently considered Expensive based on its historical valuation range.
Pangaea Logistics Solutions Ltd. (PANL) has a 5-year average return on invested capital (ROIC) of 20.7%. This indicates strong capital allocation and a potential competitive advantage.
Pangaea Logistics Solutions Ltd. (PANL) has a market capitalization of $495M. It is classified as a small-cap stock.
Yes, Pangaea Logistics Solutions Ltd. (PANL) pays a dividend with a trailing twelve-month yield of 3.30%.
Based on historical P/E analysis, Pangaea Logistics Solutions Ltd. (PANL) appears expensive. The current P/E of 12.2 is 54% above its historical median of 7.9. The estimated fair value CAGR (P/E method) is 14.5%.
Pangaea Logistics Solutions Ltd. (PANL) operates in the Deep Sea Foreign Transportation Of Freight industry, within the Industrials sector.
Pangaea Logistics Solutions Ltd. and its subsidiaries (collectively, “Pangaea” or the “Company”) provide seaborne drybulk logistics and transportation services as well as terminal and stevedoring services. Pangaea utilizes its logistics expertise to service a broad base of industrial customers who require the transportation of a wide variety of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. The Company addresses the logistics needs of its customers by undertaking a comprehensive set of services and activities, including cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and vessel technical management. Business overview and Recent Developments The Company provides ocean transportation services to clients utilizing an ocean-going fleet of motor vessels ("m/v") in the Handymax, Supramax, Ultramax and Panamax and Post-Panamax segments.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 632M | 632M | 537M | 499M | 700M | 718M |
| Net Income | 19M | 19M | 29M | 26M | 79M | 67M |
| EPS | $0.30 | $0.30 | $0.63 | $0.58 | $1.76 | $1.50 |
| Free Cash Flow | 49M | 49M | 66M | 54M | 134M | 62M |
| ROIC | 9.1% | 8.1% | 10.1% | 16.2% | 41.1% | 27.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.27 | 0.27 | 0.64 | 0.56 | 0.59 | 0.75 |
| Dividends/Share | $0.25 | $0.25 | $0.41 | $0.40 | $0.30 | $0.12 |
| Operating Income | 41M | 41M | 48M | 45M | 106M | 79M |
| Operating Margin | 6.5% | 6.5% | 9.0% | 8.9% | 15.1% | 11.0% |
| ROE | 4.5% | 4.5% | 7.7% | 8.3% | 28.3% | 31.3% |
| Shares Outstanding | 65M | 65M | 46M | 45M | 45M | 45M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 398M | 287M | 238M | 385M | 373M | 412M | 383M | 718M | 700M | 499M | 537M | 632M | 632M |
| Gross Margin | 97.1% | 95.6% | 94.1% | 95.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 13M | 15M | 13M | 15M | 16M | 17M | 16M | 19M | 20M | 23M | 25M | 31M | 31M |
| EBIT | -2.5M | 21M | 13M | 16M | 36M | 23M | 20M | 79M | 106M | 45M | 48M | 41M | 41M |
| Op. Margin | -0.6% | 7.1% | 5.4% | 4.2% | 9.7% | 5.6% | 5.1% | 11.0% | 15.1% | 8.9% | 9.0% | 6.5% | 6.5% |
| Net Income | -30M | 11M | 7.5M | 7.8M | 18M | 12M | 11M | 67M | 79M | 26M | 29M | 19M | 19M |
| Net Margin | -7.6% | 3.9% | 3.1% | 2.0% | 4.8% | 2.8% | 3.0% | 9.4% | 11.4% | 5.3% | 5.4% | 3.1% | 3.1% |
| Non-Recurring | 12M | 5.4M | 0 | 0 | 0 | 4.8M | 1.8M | 0 | 3.0M | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -3.2% | 10.4% | 5.6% | 6.6% | 16.2% | 11.1% | 9.1% | 27.8% | 41.1% | 16.2% | 10.1% | 8.1% | 9.1% |
| ROE | -65.7% | 10.9% | 6.6% | 6.0% | 11.6% | 7.0% | 6.4% | 31.3% | 28.3% | 8.3% | 7.7% | 4.5% | 4.5% |
| ROA | -9.1% | 3.2% | 2.0% | 2.0% | 4.1% | 2.5% | 2.4% | 11.6% | 10.9% | 3.6% | 3.5% | 2.1% | 2.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 20M | 26M | 19M | 29M | 40M | 44M | 21M | 62M | 135M | 54M | 66M | 54M | 54M |
| Free Cash Flow | 19M | 26M | 19M | 29M | 40M | 44M | 21M | 62M | 134M | 54M | 66M | 49M | 49M |
| Owner Earnings | 8.0M | 13M | 4.5M | 13M | 21M | 24M | 1.5M | 37M | 104M | 22M | 33M | 7.1M | 7.1M |
| CapEx | 561K | 55K | 316K | 0 | 415K | 283K | 0 | 43K | 653K | 0 | 167K | 4.3M | 4.3M |
| Maint. CapEx | 12M | 13M | 14M | 16M | 18M | 19M | 17M | 23M | 29M | 30M | 30M | 42M | 42M |
| Growth CapEx | 0 | 0 | 0 | N/A | 0 | 0 | N/A | 0 | 0 | N/A | 0 | 0 | 0 |
| D&A | 12M | 13M | 14M | 16M | 18M | 19M | 17M | 23M | 29M | 30M | 30M | 42M | 42M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 100K | 100K | 100K | 1.0M | 2.3M | 8.1M | 535K | 5.5M | 13M | 18M | 19M | 16M | 16M |
| Dividend Yield | 0.1% | 0.1% | 0.1% | 1.1% | 2.3% | 7.6% | 0.6% | 3.9% | 7.3% | 7.3% | 6.2% | N/A | 3.3% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 2K | 457K | 602K | 1.1M | 1.2M | 1.7M | 2.3M | 2.1M | 1.8M | 2.1M | 2.8M | 4.1M | 4.1M |
| Debt Repayment | 30M | 23M | 24M | 25M | 21M | 0 | 0 | 0 | 0 | 0 | 2.0M | 2.0M | 2.0M |
| Balance Sheet | |||||||||||||
| Net Debt | 70M | 105M | 120M | 81M | 48M | 24M | 37M | 95M | 22M | 44M | 154M | -14M | 11M |
| Cash & Equiv. | 30M | 38M | 22M | 35M | 54M | 51M | 47M | 56M | 128M | 99M | 87M | 103M | 103M |
| Long-Term Debt | 106M | 151M | 129M | 118M | 95M | 84M | 45M | 171M | 169M | 151M | 257M | 97M | 97M |
| Debt/Equity | 1.27 | 1.58 | 1.28 | 0.94 | 0.71 | 0.63 | 0.56 | 0.75 | 0.59 | 0.56 | 0.64 | 0.27 | 0.27 |
| Interest Coverage | -0.4 | 3.8 | 2.4 | 2.0 | 4.1 | 2.5 | 2.6 | 7.6 | 6.7 | 2.6 | 2.8 | 1.7 | 1.7 |
| Equity | 98M | 108M | 116M | 145M | 162M | 170M | 183M | 247M | 314M | 324M | 428M | 429M | 429M |
| Total Assets | 332M | 367M | 362M | 423M | 453M | 480M | 450M | 707M | 748M | 705M | 936M | 928M | 928M |
| Total Liabilities | 231M | 202M | 186M | 213M | 220M | 237M | 216M | 406M | 380M | 335M | 462M | 453M | 453M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 1.8M | 1.2M | 1.7M | 1.7M |
| Retained Earnings | -36M | -25M | -17M | -9.6M | 5.7M | 13M | 23M | 86M | 151M | 159M | 169M | 172M | 172M |
| Working Capital | -60M | -2.8M | -15M | 13M | 34M | 37M | 532K | 72M | 130M | 86M | 83M | 88M | 88M |
| Current Assets | 85M | 69M | 62M | 83M | 114M | 128M | 111M | 184M | 223M | 192M | 192M | 216M | 216M |
| Current Liabilities | 145M | 72M | 78M | 70M | 79M | 91M | 111M | 112M | 92M | 105M | 109M | 128M | 128M |
| Per Share Data | |||||||||||||
| EPS | -1.61 | 0.32 | 0.21 | 0.20 | 0.42 | 0.27 | 0.26 | 1.50 | 1.76 | 0.58 | 0.63 | 0.30 | 0.30 |
| Owner EPS | 0.43 | 0.36 | 0.13 | 0.32 | 0.50 | 0.56 | 0.03 | 0.82 | 2.29 | 0.48 | 0.71 | 0.11 | 0.11 |
| Book Value | 5.21 | 3.07 | 3.27 | 3.72 | 3.82 | 3.94 | 4.19 | 5.52 | 6.96 | 7.14 | 9.33 | 6.65 | 6.65 |
| Cash Flow/Share | 1.05 | 0.74 | 0.54 | 0.75 | 0.95 | 1.03 | 0.48 | 1.38 | 2.98 | 1.19 | 1.43 | 0.83 | 0.96 |
| Dividends/Share | 0.01 | 0.00 | 0.00 | 0.03 | 0.05 | 0.19 | 0.01 | 0.12 | 0.30 | 0.40 | 0.41 | 0.25 | 0.25 |
| Shares Out. | 18.8M | 35.2M | 35.5M | 39.1M | 42.3M | 43.2M | 43.7M | 44.8M | 45.2M | 45.4M | 45.9M | 64.6M | 64.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 6.1 | 12.1 | 15.0 | 5.4 | 8.5 | 7.9 | 2.0 | 2.4 | 12.8 | 7.4 | N/A | 25.5 |
| P/FCF | 3.4 | 2.6 | 4.8 | 4.0 | 2.4 | 2.2 | 4.3 | 2.2 | 1.4 | 6.2 | 3.3 | N/A | 10.0 |
| EV/EBIT | N/A | 8.8 | 15.2 | 13.7 | 4.4 | 6.7 | 7.3 | 2.5 | 1.7 | 7.5 | 5.3 | N/A | 12.3 |
| Price/Book | 1.3 | 0.6 | 0.8 | 0.8 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 1.0 | 0.5 | N/A | 1.2 |
| Price/Sales | 0.6 | 0.3 | 0.3 | 0.2 | 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | 0.5 | 0.6 | N/A | 0.8 |
| FCF Yield | 15.1% | 37.9% | 20.9% | 24.9% | 41.6% | 44.7% | 23.3% | 46.0% | 69.5% | 16.0% | 30.6% | N/A | 10.0% |
| Market Cap | 126M | 68M | 91M | 117M | 95M | 99M | 90M | 134M | 193M | 336M | 214M | 0 | 495M |
| Avg. Price | 6.69 | 2.36 | 1.90 | 2.33 | 2.34 | 2.47 | 1.93 | 3.15 | 4.07 | 5.46 | 6.58 | 0.00 | 7.66 |
| Year-End Price | 3.46 | 1.94 | 2.55 | 3.00 | 2.26 | 2.29 | 2.05 | 2.99 | 4.28 | 7.40 | 4.66 | 0.00 | 7.66 |
Pangaea Logistics Solutions Ltd. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Pangaea Logistics Solutions Ltd. trades at 12.2x trailing earnings, compared to its 15-year median P/E of 7.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 5.3x vs a median of 3.3x. The company's 5-year average ROIC is 20.7%. Total shareholder yield (dividends) is 3.3%. At current prices, the estimated annualized return to fair value is +12.1%.
Pangaea Logistics Solutions Ltd. (PANL) reported annual revenue of $632 million in its most recent fiscal year, based on SEC EDGAR filings.
Pangaea Logistics Solutions Ltd. (PANL) has a net profit margin of 3.1%. This is a modest margin.
Pangaea Logistics Solutions Ltd. (PANL) generated $49 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Pangaea Logistics Solutions Ltd. (PANL) has a debt-to-equity ratio of 0.27. This indicates a conservatively financed balance sheet.
Pangaea Logistics Solutions Ltd. (PANL) reported earnings per share (EPS) of $0.30 in its most recent fiscal year.
Pangaea Logistics Solutions Ltd. (PANL) has a return on equity (ROE) of 4.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 13 years of financial data for Pangaea Logistics Solutions Ltd. (PANL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Pangaea Logistics Solutions Ltd. (PANL) has a book value per share of $6.65, based on its most recent annual SEC filing.