PANGAEA LOGISTICS SOLUTIONS, LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7 USD | +1.16% |
|
+2.19% | -15.05% |
| Mar. 15 | Pangaea Logistics Solutions Files $100 Million Mixed Shelf | MT |
| Mar. 14 | Transcript : Pangaea Logistics Solutions, Ltd., Q4 2023 Earnings Call, Mar 14, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 131.1 | 124.8 | 172.5 | 236.5 | 382.9 | 327 | - |
| Enterprise Value (EV) 1 | 131.1 | 236.1 | 423.3 | 407.6 | 548.3 | 425 | 366.3 |
| P/E ratio | 10.9 x | 10.7 x | 2.52 x | 2.93 x | 14.2 x | 8.05 x | 6.39 x |
| Yield | - | - | - | 5.83% | 4.85% | 5.71% | 5.71% |
| Capitalization / Revenue | 0.32 x | 0.33 x | 0.24 x | 0.34 x | 0.77 x | 0.64 x | 0.58 x |
| EV / Revenue | 0.32 x | 0.62 x | 0.59 x | 0.58 x | 1.1 x | 0.84 x | 0.64 x |
| EV / EBITDA | 2.57 x | 5.67 x | 4.03 x | 2.89 x | 6.88 x | 4.5 x | 3.48 x |
| EV / FCF | - | - | -3.14 x | 4.14 x | 20.7 x | 5.58 x | 4.2 x |
| FCF Yield | - | - | -31.9% | 24.1% | 4.84% | 17.9% | 23.8% |
| Price to Book | - | - | - | - | 1.16 x | - | - |
| Nbr of stocks (in thousands) | 44,452 | 45,066 | 45,641 | 45,923 | 46,467 | 46,721 | - |
| Reference price 2 | 2.950 | 2.770 | 3.780 | 5.150 | 8.240 | 7.000 | 7.000 |
| Announcement Date | 3/23/20 | 3/15/21 | 3/16/22 | 3/15/23 | 3/13/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 412.2 | 382.9 | 718.1 | 699.7 | 499.3 | 508.6 | 568.6 |
| EBITDA 1 | 51.12 | 41.6 | 105.1 | 140.9 | 79.72 | 94.5 | 105.2 |
| EBIT 1 | 32.59 | 22.23 | 78.87 | 105.5 | 44.62 | 55.22 | 69.85 |
| Operating Margin | 7.91% | 5.81% | 10.98% | 15.08% | 8.94% | 10.86% | 12.29% |
| Earnings before Tax (EBT) | - | - | - | 85.51 | 28.54 | - | - |
| Net income 1 | 11.66 | 11.35 | 67.23 | 79.49 | 26.32 | 39.6 | 50.74 |
| Net margin | 2.83% | 2.96% | 9.36% | 11.36% | 5.27% | 7.79% | 8.92% |
| EPS 2 | 0.2700 | 0.2600 | 1.500 | 1.760 | 0.5800 | 0.8700 | 1.095 |
| Free Cash Flow 1 | - | - | -134.9 | 98.41 | 26.52 | 76.24 | 87.15 |
| FCF margin | - | - | -18.79% | 14.06% | 5.31% | 14.99% | 15.33% |
| FCF Conversion (EBITDA) | - | - | - | 69.84% | 33.27% | 80.67% | 82.84% |
| FCF Conversion (Net income) | - | - | - | 123.8% | 100.76% | 192.52% | 171.77% |
| Dividend per Share 2 | - | - | - | 0.3000 | 0.4000 | 0.4000 | 0.4000 |
| Announcement Date | 3/23/20 | 3/15/21 | 3/16/22 | 3/15/23 | 3/13/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 213 | 234.6 | 191.8 | 195.5 | 184.5 | 127.9 | 113.7 | 118.1 | 135.6 | 131.9 | 117.5 | 120.5 | 137.1 | 133.4 |
| EBITDA 1 | 33.63 | 38.01 | 31.3 | 44.25 | 38.49 | 26.86 | 16.24 | 15.92 | 27.88 | 19.68 | 15.31 | 17.14 | 27.48 | 25.38 |
| EBIT 1 | 25.54 | 30.79 | 20.02 | 36.24 | 30.51 | 18.74 | 6.496 | 7.855 | 19.71 | 10.56 | 7.791 | 9.621 | 19.95 | 17.86 |
| Operating Margin | 11.99% | 13.13% | 10.44% | 18.54% | 16.54% | 14.65% | 5.71% | 6.65% | 14.53% | 8% | 6.63% | 7.98% | 14.55% | 13.39% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | 2.178 | - | - | - | - |
| Net income 1 | 27 | 15.15 | 20.17 | 25.03 | 18.79 | 15.5 | 3.474 | 2.845 | 18.87 | 1.136 | 3.878 | 5.718 | 16.05 | 13.96 |
| Net margin | 12.67% | 6.46% | 10.52% | 12.8% | 10.18% | 12.12% | 3.06% | 2.41% | 13.91% | 0.86% | 3.3% | 4.74% | 11.7% | 10.46% |
| EPS 2 | 0.6000 | 0.3400 | 0.4500 | 0.5600 | 0.4200 | 0.3400 | 0.0800 | 0.0600 | 0.4200 | 0.0300 | 0.0900 | 0.1300 | 0.3500 | 0.3100 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | 0.1000 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| Announcement Date | 11/9/21 | 3/16/22 | 5/10/22 | 8/9/22 | 11/9/22 | 3/15/23 | 5/10/23 | 8/9/23 | 11/8/23 | 3/13/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 111 | 251 | 171 | 165 | 98 | 39.3 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 2.674 x | 2.386 x | 1.214 x | 2.075 x | 1.037 x | 0.3732 x |
| Free Cash Flow 1 | - | - | -135 | 98.4 | 26.5 | 76.2 | 87.2 |
| ROE (net income / shareholders' equity) | - | - | - | - | 9.85% | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | 7.120 | - | - |
| Cash Flow per Share 2 | 1.030 | 0.6600 | 1.380 | 2.990 | 1.180 | 1.720 | 2.140 |
| Capex 1 | 57 | 2.93 | 197 | 36.4 | 27.3 | 3 | 5.67 |
| Capex / Sales | 13.83% | 0.76% | 27.39% | 5.2% | 5.46% | 0.59% | 1% |
| Announcement Date | 3/23/20 | 3/15/21 | 3/16/22 | 3/15/23 | 3/13/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
7
USD
Average target price
9.583
USD
Spread / Average Target
+36.90%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.05% | 327M | |
| +24.30% | 31.49B | |
| +21.02% | 23.83B | |
| -14.91% | 23.03B | |
| -3.80% | 12.27B | |
| +4.34% | 10.85B | |
| +45.92% | 9.64B | |
| +3.71% | 9.39B | |
| -1.74% | 9.03B | |
| +3.13% | 7.96B |
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- Financials Pangaea Logistics Solutions, Ltd.
