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Pangaea Logistics Solutions (PANL)
NASDAQ:PANL
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Pangaea Logistics Solutions
(NASDAQ:PANL)
71Outperform
Pangaea Logistics Solutions (PANL) vs. S&P 500 (SPY)
Market Cap
$283.49M
Dividend Yield9.26%
Average Volume (3M)261.37K
Price to Earnings (P/E)12.7
Beta (1Y)0.97
Revenue Growth13.10%
EPS Growth-54.75%
CountryUS
Employees170
SectorIndustrials
Sector Strength89
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.03
Shares Outstanding65,621,560
10 Day Avg. Volume242,323
30 Day Avg. Volume261,366
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.43
Price to Sales (P/S)0.00
P/FCF Ratio<0.01
Enterprise Value/Market Cap2.02
Enterprise Value/Revenue0.28
Enterprise Value/Gross Profit7.85
Enterprise Value/Ebitda1.75
Forecast
1Y Price Target
$10.25Price Target Upside136.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Pangaea Logistics Solutions Business Overview & Revenue Model
Company DescriptionPangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.
How the Company Makes MoneyPangaea Logistics Solutions generates revenue primarily through its maritime transportation services, focusing on the dry bulk shipping market. The company earns income by transporting bulk commodities such as coal, grain, and other raw materials across global trade routes. Revenue streams include freight charges for transporting goods, time charter arrangements where vessels are chartered out for specific periods, and voyage charters where the company handles specific cargo transportation contracts. Additionally, Pangaea may engage in partnership agreements and joint ventures with other shipping operators to optimize fleet utilization and expand service offerings, thus contributing to its earnings.
Pangaea Logistics Solutions Financial Statement Overview
Summary
Pangaea Logistics Solutions displays strong financial performance with robust revenue growth and effective cost management. The balance sheet reflects low leverage, enhancing financial stability. The company's cash flow is a standout, with excellent cash generation and conversion. While profitability ratios show room for improvement, the overall financial health is sound.Income Statement
Pangaea Logistics Solutions has demonstrated strong revenue growth with a 7.5% increase from the previous year. The gross profit margin remained stable, indicating effective cost management. However, the net profit margin is moderate, suggesting room for improvement in profitability. EBIT and EBITDA margins are healthy, reflecting efficient operations.75
Positive
Balance Sheet
The company's balance sheet shows a solid equity position with a debt-to-equity ratio of 0.07, indicating low leverage. Return on equity is healthy at 6.76%, but there's potential for improvement. The equity ratio of 45.68% signifies a stable financial structure. The low debt levels reduce financial risk, enhancing overall stability.68
Positive
Cash Flow
Pangaea Logistics Solutions exhibits strong cash flow management, with a significant increase in free cash flow. The operating cash flow to net income ratio is robust at 2.27, indicating efficient cash generation relative to earnings. The free cash flow to net income ratio is positive, highlighting good cash conversion capabilities.80
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 536.54M | 499.27M | 699.71M | 718.10M | 382.90M | Gross Profit |
| 73.08M | 69.14M | 128.94M | 97.84M | 38.14M | EBIT |
| 48.45M | 44.62M | 105.51M | 78.87M | 19.70M | EBITDA |
| 82.32M | 76.10M | 137.42M | 106.86M | 37.58M | Net Income Common Stockholders |
| 28.90M | 26.32M | 79.49M | 67.23M | 11.35M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 86.81M | 99.04M | 128.38M | 56.21M | 46.90M | Total Assets |
| 936.46M | 705.18M | 748.24M | 707.02M | 450.40M | Total Debt |
| 397.37M | 264.44M | 299.48M | 306.96M | 159.63M | Net Debt |
| 310.57M | 165.40M | 171.10M | 250.75M | 112.73M | Total Liabilities |
| 461.79M | 334.98M | 379.52M | 406.34M | 215.97M | Stockholders Equity |
| 10.00T> | 323.89M | 314.23M | 247.20M | 182.77M |
| Cash Flow | Free Cash Flow | |||
| 65.69M | 26.52M | 98.41M | -134.91M | 17.91M | Operating Cash Flow |
| 67.60M | 53.79M | 134.80M | 61.75M | 20.84M | Investing Cash Flow |
| -67.69M | -15.98M | -28.51M | -197.79M | -6.89M | Financing Cash Flow |
| -10.23M | -67.15M | -34.12M | 143.86M | -18.61M |
Pangaea Logistics Solutions Technical Analysis
Neutral
4.33
Price Trends
4.56
Negative
4.87
Negative
5.51
Negative
Market Momentum
-0.07
Negative
51.81
Neutral
69.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PANL, the sentiment is Neutral. The current price of 4.33 is above the 20-day moving average (MA) of 4.16, below the 50-day MA of 4.56, and below the 200-day MA of 5.51, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 51.81 is Neutral, neither overbought nor oversold. The STOCH value of 69.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PANL.
Pangaea Logistics Solutions Risk Analysis
Pangaea Logistics Solutions disclosed 63 risk factors in its most recent earnings report. Pangaea Logistics Solutions reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pangaea Logistics Solutions Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $273.02M | 2.39 | 35.83% | 6.32% | 12.43% | -1.63% | |
77 Outperform | $201.90M | 2.79 | 11.88% | ― | 16.54% | 42.56% | |
72 Outperform | $609.59M | 13.60 | 5.02% | 10.03% | -7.38% | 1295.53% | |
71 Outperform | $283.49M | 12.65 | 4.05% | 9.26% | 13.10% | -54.75% | |
68 Neutral | $373.71M | 4.27 | 11.99% | 5.54% | 8.17% | 35.92% | |
64 Neutral | $4.40B | 12.09 | 5.26% | 250.03% | 4.08% | -11.05% | |
55 Neutral | $163.24M | 23.98 | 2.56% | 11.04% | -12.93% | -86.34% |
* Industrials Sector Average
Performance Comparison
PANL
Pangaea Logistics Solutions
4.33
-3.05
-41.33%
DSX
Diana Shipping
1.52
-1.39
-47.77%
ESEA
Euroseas
37.61
8.55
29.42%
GNK
Genco Shipping
14.39
-6.36
-30.65%
SB
Safe Bulkers
3.67
-1.54
-29.56%
GASS
StealthGas
5.49
-1.13
-17.07%
Pangaea Logistics Solutions Earnings Call Summary
Earnings Call Date:May 12, 2025
(Q1-2025)
| % Change Since: -2.04%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Neutral
Pangaea Logistics Solutions demonstrated strong TCE performance and effective operational expansion with synergies from recent acquisitions. However, the quarter was marked by a net loss, decreased cash flow, and a reduction in dividend, reflecting challenges in the market environment. Despite these lowlights, the company is focused on strategic capital allocation and operational growth.Q1-2025 Updates
Positive Updates
Strong TCE Rate Performance
Pangaea Logistics Solutions reported TCE rates 33% above the prevailing market, demonstrating the strength of their commercial strategy despite a 37% decline in average market pricing compared to the prior year period.
Operational Expansion and Synergies
Total shipping days rose 24.6% year-over-year, driven by the addition of SSI handy fleet vessels. The integration is proceeding as planned with expected cost savings of at least $2.5 million annually.
Fleet and Capital Strategy
The company announced a $15 million share repurchase program and the declaration of a $0.05 dividend, highlighting their focus on capital flexibility and shareholder returns.
Port and Logistics Business Development
Expansion at the Port of Tampa and new operations in Port Charles, Louisiana, and Port of Aransas in Texas are progressing, demonstrating a commitment to supply chain expansion.
Negative Updates
Net Loss and EBITDA Decline
Reported an adjusted net loss of approximately $2 million and adjusted EBITDA of $14.8 million, a decrease of approximately $5.2 million relative to the prior year period.
Decrease in Cash Flow and Higher Operating Expenses
Total cash from operations decreased by $13.2 million year-over-year, and vessel operating expenses increased by approximately 75% due to the SSI fleet acquisition.
Dividend Reduction
The company reduced its quarterly dividend from $0.10 to $0.05 per share, which may affect investor sentiment despite the introduction of the share buyback program.
Company Guidance
During the first quarter of 2025, Pangaea Logistics Solutions reported a TCE rate of $11,390 per day, demonstrating a 33% premium over the average market rates for various vessel types. Despite a 37% decline in average market pricing, the company efficiently managed market volatility, resulting in an adjusted net loss of approximately $2 million and an adjusted EBITDA of $14.8 million. The company's operational scale expanded with a 24.6% year-over-year increase in total shipping days, primarily due to the addition of the SSI handy fleet, while comparable shipping days rose by 41%. Pangaea completed 160 days of planned off-hire for vessel dry dockings, positioning them well for stronger demand periods. Looking ahead, Pangaea has booked 4,275 shipping days for the second quarter, with a TCE of $12,524 per day, and plans to unlock further efficiencies through the integration of the SSI fleet. The Board has authorized a $15 million share repurchase program alongside a $0.05 dividend as part of a disciplined capital allocation strategy.Pangaea Logistics Solutions Corporate Events
Executive/Board ChangesShareholder Meetings
Pangaea Logistics Holds 2025 Shareholder Meeting
Neutral
May 13, 2025
On May 8, 2025, Pangaea Logistics Solutions Ltd. conducted its 2025 Annual Meeting of Shareholders, where a quorum was present with 59,076,635 shares represented. During the meeting, shareholders elected three Class II directors to serve until 2028 and one Class III director to serve until 2026. Additionally, they ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year 2025 and approved the compensation of named executive officers on a non-binding basis.
The most recent analyst rating on (PANL) stock is a Buy with a $10.25 price target. To see the full list of analyst forecasts on Pangaea Logistics Solutions stock, see the PANL Stock Forecast page.
Spark’s Take on PANL Stock
According to Spark, TipRanks’ AI Analyst, PANL is a Outperform.
Pangaea Logistics Solutions demonstrates a solid financial foundation with effective cash flow management and low leverage, contributing positively to its score. The company’s attractive valuation and high dividend yield further enhance its appeal. While the technical analysis indicates a bearish trend, the recent earnings call underscores strategic resilience and growth potential. Overall, the stock presents a favorable investment opportunity, with its strengths outweighing current market challenges.
To see Spark’s full report on PANL stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.