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Pacific Basin Shipping
(OTC:2343)
Pacific Basin Shipping (2343) vs. iShares MSCI Hong Kong ETF (EWH)
Pacific Basin Shipping Business Overview & Revenue Model
Pacific Basin Shipping Earnings Call Summary
Pacific Basin Shipping Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.58B | 2.30B | 3.28B | 2.97B | 1.47B |
| Gross Profit | 135.24M | 130.95M | 732.08M | 739.34M | 36.87M |
| EBITDA | 357.43M | 348.52M | 866.03M | 850.32M | 157.63M |
| Net Income | 131.70M | 109.38M | 701.86M | 844.81M | -208.23M |
Balance Sheet | |||||
| Total Assets | 2.41B | 2.43B | 2.65B | 2.75B | 2.19B |
| Cash, Cash Equivalents and Short-Term Investments | 282.04M | 261.40M | 443.82M | 459.67M | 234.77M |
| Total Debt | 344.36M | 366.25M | 471.90M | 648.59M | 940.72M |
| Total Liabilities | 587.39M | 634.53M | 741.33M | 914.21M | 1.13B |
| Stockholders Equity | 1.83B | 1.80B | 1.91B | 1.83B | 1.06B |
Cash Flow | |||||
| Free Cash Flow | 180.93M | 101.33M | 850.60M | 625.94M | 116.19M |
| Operating Cash Flow | 309.33M | 353.40M | 935.32M | 850.42M | 219.61M |
| Investing Cash Flow | -87.40M | -61.17M | 63.18M | -334.00M | -92.11M |
| Financing Cash Flow | -214.40M | -389.73M | -949.13M | -433.03M | -101.57M |
Pacific Basin Shipping Technical Analysis
Pacific Basin Shipping Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | 88.23B | 4.20 | 19.46% | 11.95% | 28.91% | 150.66% | |
80 Outperform | 82.73B | 7.97 | 42.77% | 8.81% | 37.68% | 127.44% | |
74 Outperform | 22.01B | 7.74 | 5.21% | 5.16% | 8.00% | 5.90% | |
74 Outperform | HK$12.54B | 16.23 | 5.53% | 2.73% | -4.94% | 22.86% | |
70 Outperform | 61.16B | 13.09 | 11.25% | 4.84% | 4.90% | 0.00% | |
62 Neutral | 31.59B | 8.40 | 0.00% | 3.77% | 29.67% | 79.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
Pacific Basin Shipping Corporate Events
Pacific Basin Shipping Limited announced an interim dividend of HKD 0.016 per share for the six months ending June 30, 2025. The dividend will be paid on September 4, 2025, with the ex-dividend date set for August 21, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may impact investor sentiment positively.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
Pacific Basin Shipping reported a net profit of US$25.6 million for the first half of 2025, despite challenging market conditions. The company maintained financial resilience with a strong cash position and secured a US$250 million sustainability-linked credit facility to bolster its growth strategy. The company outperformed industry indices with its Handysize and Supramax vessels, declared an interim dividend, and continued its fleet renewal initiatives. Despite a weaker market in early 2025, Pacific Basin remains optimistic about the dry bulk sector’s future, driven by growing demand for minor bulk and grain, and a favorable supply-side outlook.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
Pacific Basin Shipping Limited announced an interim dividend of HKD 0.016 per share for the six months ending June 30, 2025. The ex-dividend date is set for August 21, 2025, with the payment date scheduled for September 4, 2025, reflecting the company’s commitment to returning value to its shareholders.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
Pacific Basin Shipping Limited has established a Nomination Committee to oversee the nomination of directors to its Board, ensuring a fair and transparent process. The committee is tasked with reviewing the Board’s structure, identifying qualified candidates, and supporting the Board’s performance evaluation, aligning with corporate strategy and regulatory compliance.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
Pacific Basin Shipping Limited has announced a board meeting scheduled for August 7, 2025, to review and approve the company’s interim financial results for the first half of the year. The meeting will also consider the possibility of declaring an interim dividend, which could impact shareholder returns and reflect the company’s financial health.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
The Caravel Group Ltd. has increased its shareholding in Pacific Basin Shipping Limited to 16%, making it the largest shareholder. This move reflects Caravel’s confidence in Pacific Basin’s management and operations, and its commitment to supporting the company’s growth and shareholder value creation.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
Pacific Basin Shipping has announced the grant of 28,626,000 awarded shares under its 2025 Share Award Scheme to eligible participants, including its Executive Director and Chief Executive Officer, Martin Fruergaard, and Chief Financial Officer, Ng Chi Kit, Jimmy. The awarded shares represent approximately 0.56% of the company’s issued share capital and are intended to serve as retention incentives and rewards for employee contributions. The scheme includes a mix of restricted share awards and performance share unit awards, with some shares subject to performance targets. The awards are subject to a clawback mechanism, ensuring alignment with shareholder interests.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.