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2343 Stock Chart & Stats
HK$3.30
HK$0.02(0.61%)
At close: 4:00 PM EDT
HK$3.30
HK$0.02(0.61%)
Day’s Range― - ―
52-Week RangeHK$2.12 - HK$3.66
Previous CloseN/A
Volume16.17M
Average Volume (3M)16.69M
Market Cap
HK$16.57B
Enterprise ValueHK$13.38K
Total Cash (Recent Filing)HK$270.52M
Total Debt (Recent Filing)HK$230.39M
Price to Earnings (P/E)47.5
Beta0.78
Next Earnings
Feb 25, 2027EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield2.32%
Share Statistics
EPS (TTM)<0.01
Shares Outstanding5,157,246,600
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$3.40Price Target Upside3.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)HK$2.59B
Bulls Say, Bears Say
Bulls Say
Conservative Leverage And Strong Equity BaseVery low leverage and a substantial equity base provide durable financial resilience in a cyclical shipping industry. This reduces refinancing risk, preserves borrowing capacity for opportunistic investments or to bridge downturns, and underpins management's ability to pursue buybacks, dividends and countercyclical fleet renewal.
Consistent Cash Generation And Healthy Free Cash FlowSustained positive operating cash flow and material free cash flow give the company durable internal funding for capex, newbuilding payments, dividends and buybacks. Strong cash conversion cushions earnings volatility and supports disciplined capital allocation through freight cycles.
Fleet Scale, Owned Tonnage And Commercial OutperformanceA sizable, mixed-owned and chartered fleet plus an in-house commercial platform delivers persistent operational optionality and higher realized TCEs versus spot. Fleet scale and proven outperformance enhance revenue durability, allow targeted contract cover, and support long-term margin resilience.
Bears Say
Cyclical Revenue And Margin CompressionSignificant year-over-year revenue decline and marked margin compression reflect the company’s exposure to freight rate cycles. Persistent weaker rates would materially reduce sustainable earnings, strain dividend capacity and limit ability to maintain high shareholder returns absent improvement in market fundamentals.
Rising Fleet Supply / Orderbook RiskAn elevated orderbook and projected fleet growth above demand increase structural downside risk to freight rates and utilization over the medium term. This dynamic can prolong low-rate periods, pressure TCEs and margins, and make recovery of 2021–22 peak margins slower or more uncertain.
Material Capital Commitments And Rising Charter CostsLarge upcoming newbuilding payments and high asset prices lock in material capex needs, while higher charter-in costs raise operating expense flexibility. Together these factors can compress future free cash flow and constrain the pace of shareholder returns if freight rates weaken.
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$2.12 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$16.57B.
When is Pacific Basin Shipping Limited’s upcoming earnings report date?
Pacific Basin Shipping Limited’s upcoming earnings report date is Feb 25, 2027 which is in 202 days.
How were Pacific Basin Shipping Limited’s earnings last quarter?
Pacific Basin Shipping Limited released its earnings results on Aug 06, 2026. The company reported HK$0.157 earnings per share for the quarter, missing the consensus estimate of N/A by N/A.
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 Semiannually dividend of HK$0.06 which represents an annual dividend yield of 2.32%. 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 5,157,246,600 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$0.157 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 0.754%.
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
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7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$3.40 (3.03% Upside)
HK$3.40 (3.03% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.71%
12-Months-Change
Fundamentals
Return on Equity
2.32%
Trailing 12-Months
Asset Growth
-5.62%
Trailing 12-Months
Company Description
Pacific Basin Shipping Limited
Pacific Basin Shipping Limited (HKEX: 2343) is a Hong Kong-based dry bulk shipping company focused on the operation of a fleet of Handysize and Supramax vessels. The company provides seaborne transportation services for a range of dry bulk commodities through a combination of owned and chartered-in ships, and it also engages in complementary activities related to vessel chartering and fleet management within the dry bulk sector.
2343 Company Deck
2343 Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a strongly positive set of financial results and operational performance: revenue, TCEs and net profit expanded materially, the company maintained a robust liquidity position, returned in excess of 100% of net profit to shareholders, and preserved fleet optionality through newbuilding and purchase options. Lowlights are primarily risks and cost pressures—higher charter costs, ongoing geopolitical and weather-related market volatility, high asset prices and committed future CapEx—but these are framed as manageable given strong cash, low net debt, and strategic optionality.View all HK:2343 earnings summaries2343 Stock 12 Month Forecast
Average Price Target
HK$3.40
▲(3.03% Upside)
Technical Analysis
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