Pacific Basin Shipping Limited (HK:2343)
:2343
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2343 Stock Chart & Stats
HK$3.12
HK$0.00(0.00%)
At close: 4:00 PM EST
HK$3.12
HK$0.00(0.00%)
Day’s Range― - ―
52-Week RangeHK$1.91 - HK$3.66
Previous CloseN/A
Volume12.81M
Average Volume (3M)16.69M
Market Cap
HK$16.09B
Enterprise ValueHK$2.04B
Total Cash (Recent Filing)HK$270.52M
Total Debt (Recent Filing)HK$230.39M
Price to Earnings (P/E)46.3
Beta0.79
Next Earnings
Aug 06, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield2.88%
Share Statistics
EPS (TTM)<0.01
Shares Outstanding5,166,725,600
10 Day Avg. Volume13,984,147
30 Day Avg. Volume16,692,496
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.84
Price to Sales (P/S)0.73
P/FCF Ratio10.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.55Price Target Upside13.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)HK$2.40B
Bulls Say, Bears Say
Bulls Say
Conservative LeverageVery low and falling leverage gives durable financial resilience in a cyclical shipping sector. A strong equity base and low debt reduce refinancing and covenant risks, enabling sustained operations through downcycles and supporting capital returns or selective investment without risking solvency.
Strong Cash GenerationConsistent positive operating and free cash flow provides lasting internal funding for capex, newbuilds and shareholder returns. Reliable cash generation increases strategic optionality, funds selective fleet renewal, and lowers dependence on external financing across shipping cycles.
Fleet Ownership And Renewal OptionalityHigh owned tonnage and positive asset valuation gap give structural competitive advantages: control over scheduling, lower long-term cash break-evens and resale optionality. Targeted newbuilds and purchase options position the company to refresh the fleet and capture structural efficiency gains.
Bears Say
Revenue And Margin CyclicalityMaterial year-on-year declines in revenue and margins highlight structural earnings volatility in dry bulk. Sustained weaker rates compress profitability, reduce retained earnings available for reinvestment and dividends, and can pressure ROE and long-term return targets if the downcycle persists.
Supply/demand Imbalance RiskStructural fleet expansion outpacing demand implies secular pressure on freight rates and TCEs. Overcapacity within 2-6 months can depress utilization and margins across the sector, limiting upside from operational improvements and elevating the probability of protracted rate weakness.
Structural Execution CostsCorporate re-flagging and regulatory compliance create recurring implementation costs and execution risk. These initiatives can erode near-term cash and margins, distract management, and produce residual expenses into 2026 that reduce the net benefits of structural changes if delays or scope increases occur.
Pacific Basin Shipping News
2343 FAQ
What was Pacific Basin Shipping Limited’s price range in the past 12 months?
Pacific Basin Shipping Limited lowest stock price was HK$1.91 and its highest was HK$3.66 in the past 12 months.
What is Pacific Basin Shipping Limited’s market cap?
Pacific Basin Shipping Limited’s market cap is HK$16.09B.
When is Pacific Basin Shipping Limited’s upcoming earnings report date?
Pacific Basin Shipping Limited’s upcoming earnings report date is Aug 06, 2026 which is in 60 days.
How were Pacific Basin Shipping Limited’s earnings last quarter?
Pacific Basin Shipping Limited released its earnings results on Mar 03, 2026. The company reported HK$0.05 earnings per share for the quarter, beating the consensus estimate of N/A by HK$0.05.
Is Pacific Basin Shipping Limited overvalued?
According to Wall Street analysts Pacific Basin Shipping Limited’s price is currently Undervalued.
Does Pacific Basin Shipping Limited pay dividends?
Pacific Basin Shipping Limited pays a Quarterly dividend of HK$0.06 which represents an annual dividend yield of 2.88%. See more information on Pacific Basin Shipping Limited dividends here
What is Pacific Basin Shipping Limited’s EPS estimate?
Pacific Basin Shipping Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Pacific Basin Shipping Limited have?
Pacific Basin Shipping Limited has 5,166,725,600 shares outstanding.
What happened to Pacific Basin Shipping Limited’s price movement after its last earnings report?
Pacific Basin Shipping Limited reported an EPS of HK$0.05 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.838%.
Which hedge fund is a major shareholder of Pacific Basin Shipping Limited?
Currently, no hedge funds are holding shares in HK:2343
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Pacific Basin Shipping Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.71%
12-Months-Change
Fundamentals
Return on Equity
2.51%
Trailing 12-Months
Asset Growth
-5.62%
Trailing 12-Months
Company Description
Pacific Basin Shipping Limited
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. It also offers shipping consulting, ocean shipping, crewing, secretarial, and agency and ship management services; and engages in the vessel owning and chartering, and convertible bonds issuing activities. As of February 28, 2022, the company had a fleet of 130 Handysize vessels, and 124 Supramax vessels. Pacific Basin Shipping Limited was founded in 1987 and is headquartered in Wong Chuk Hang, Hong Kong.
2343 Company Deck
2343 Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a resilient financial and operational performance in 2025 supported by a strong balance sheet, healthy liquidity, active fleet renewal and shareholder-friendly capital returns (dividends and buybacks). However, notable headwinds remain: softer freight markets in 2025 led to declines in TCEs and a 28% drop in operating performance before overheads, while geopolitical risks and industry supply growth pose near-term uncertainty. On balance the company emphasized its financial flexibility, disciplined capital allocation and positive near-term FFA signals, outweighing the challenges described.View all HK:2343 earnings summaries2343 Stock 12 Month Forecast
Average Price Target
HK$3.55
▲(13.78% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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