Pangaea Logistics Solutions (PANL) AI Stock Analysis

• Market Cap: $322.95M
• Dividend Yield: 6.06%
• Average Volume (3M): 161.02K
• Price to Earnings (P/E): 22.7
• Beta (1Y): 1.13
• Revenue Growth: 15.09%
• EPS Growth: -71.58%
• Country: US
• Employees: 170
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): -0.02
• Shares Outstanding: 65,241,910
• 10 Day Avg. Volume: 132,521
• 30 Day Avg. Volume: 161,016
• PEG Ratio: 0.99
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -65.03
• Enterprise Value/Market Cap: 2.05
• Enterprise Value/Revenue: 1.14
• Enterprise Value/Gross Profit: 9.06
• Enterprise Value/Ebitda: 9.42
• 1Y Price Target: $9.00
• Price Target Upside: 81.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 63 Neutral
• Price Target: $5.50 ▲(11.11% Upside)

Pangaea Logistics Solutions' overall score reflects a stable financial position with moderate revenue growth and operational efficiency. However, declining profitability margins and low ROE are concerns. The technical analysis indicates potential bearish momentum, while the valuation is supported by a fair P/E ratio and attractive dividend yield. The earnings call presented a mix of positive strategic initiatives and financial challenges.

Pangaea Logistics Solutions Business Overview & Revenue Model

Company Description

Pangaea 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 Money

Pangaea Logistics Solutions generates revenue primarily through its shipping and logistics services. Key revenue streams include freight charges from shipping bulk commodities, chartering fees from leasing vessels, and logistics management fees for coordinating supply chains. The company also benefits from operational efficiencies and economies of scale in its shipping operations. Significant partnerships with major commodity traders and industrial companies enhance its market position and contribute to stable earnings. Additionally, Pangaea may generate revenue through ancillary services such as cargo handling and warehousing, further diversifying its income sources.

Pangaea Logistics Solutions Financial Statement Overview

Summary

Pangaea Logistics Solutions shows moderate revenue growth and operational efficiency, but declining profitability margins and low ROE are concerns. The balance sheet reflects improved leverage, enhancing financial stability. Cash flow metrics indicate strong cash generation but highlight potential issues in cash conversion efficiency.

Income Statement

Pangaea Logistics Solutions shows moderate revenue growth with a TTM revenue growth rate of 4.54%. However, profitability margins have declined over the years, with the TTM net profit margin at 1.52%, down from 5.39% in 2024. The gross profit margin also decreased from 13.62% in 2024 to 12.60% in TTM. Despite these declines, the company maintains a stable EBIT margin of 5.91% in TTM, indicating operational efficiency.

Balance Sheet

The company's balance sheet reflects a strong equity position with a low debt-to-equity ratio of 0.0003 in TTM, significantly improved from 0.9288 in 2024. This indicates reduced leverage and financial risk. However, the return on equity (ROE) has decreased to 0.0085% in TTM, suggesting lower profitability relative to shareholders' equity.

Cash Flow

Cash flow analysis reveals a significant increase in free cash flow in TTM, but this is accompanied by a negative free cash flow growth rate of -50124.10%. The operating cash flow to net income ratio is low at 0.0005, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio is exceptionally high at 150.25, suggesting strong cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	579.78M	536.54M	499.27M	699.71M	718.10M	382.90M
Gross Profit	73.07M	73.08M	69.14M	128.94M	97.84M	38.14M
EBITDA	70.28M	82.32M	76.10M	137.42M	106.86M	37.58M
Net Income	8.82M	28.90M	26.32M	79.49M	67.23M	11.35M
Balance Sheet
Total Assets	916.00M	936.46M	705.18M	748.24M	707.02M	450.40M
Cash, Cash Equivalents and Short-Term Investments	59.25M	86.81M	99.04M	128.38M	56.21M	46.90M
Total Debt	133.24M	397.37M	264.44M	299.48M	306.96M	159.63M
Total Liabilities	456.87M	461.79M	334.98M	379.52M	406.34M	215.97M
Stockholders Equity	414.35M	427.82M	323.89M	314.23M	247.20M	182.77M
Cash Flow
Free Cash Flow	-4.09M	-3.74M	26.52M	98.41M	-134.91M	17.91M
Operating Cash Flow	57.78M	65.69M	53.79M	134.80M	61.75M	20.84M
Investing Cash Flow	-60.97M	-67.69M	-15.98M	-28.51M	-197.79M	-6.89M
Financing Cash Flow	-15.50M	-10.23M	-67.15M	-34.12M	143.86M	-18.61M

Pangaea Logistics Solutions Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PANL, the sentiment is Positive. The current price of 4.95 is above the 20-day moving average (MA) of 4.85, below the 50-day MA of 5.15, and above the 200-day MA of 4.85, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 50.43 is Neutral, neither overbought nor oversold. The STOCH value of 61.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PANL.

Pangaea Logistics Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESEA	―	$403.16M	3.38	32.88%	4.52%	7.73%	0.50%
ASC	―	$511.46M	12.22	7.10%	3.02%	-21.59%	-70.74%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PANL	―	$322.95M	22.65	2.37%	6.06%	15.09%	-71.58%
DSX	―	$202.60M	13.42	4.23%	2.29%	-4.90%	21.09%
SB	―	$473.74M	10.82	6.58%	4.26%	-9.65%	-46.46%
SHIP	―	$177.67M	11.24	5.93%	5.41%	1.66%	-46.13%

Pangaea Logistics Solutions Corporate Events

Pangaea Logistics Announces CEO Transition Plan

On September 17, 2025, Pangaea Logistics Solutions announced the retirement of CEO Mark Filanowski, effective January 1, 2026, after eleven years with the company. Mads Petersen, the current COO, will succeed him as CEO and join the Board of Directors on the same date. Petersen, who has been with the company since 2009, has played a crucial role in its growth and strategic execution, particularly in ice-class vessel activities and newbuilding projects. His appointment is part of a succession plan aimed at continuing Pangaea’s strategic vision and delivering long-term value for shareholders.

The most recent analyst rating on (PANL) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on Pangaea Logistics Solutions stock, see the PANL Stock Forecast page.

Pangaea Logistics Earnings Call: Strategic Growth Amidst Challenges

The recent earnings call for Pangaea Logistics Solutions Ltd. painted a picture of cautious optimism. While the company celebrated strategic expansions and operational achievements, such as increased shipping days and impressive TCE rate performance, these were tempered by financial challenges, including an adjusted net loss and decreased EBITDA margin. The overall sentiment was one of navigating through operational and financial hurdles with a hopeful outlook.

Pangaea Logistics Reports Q2 2025 Financial Results

Pangaea Logistics Solutions Ltd. is a global provider of maritime logistics solutions, specializing in dry bulk logistics and transportation services, with operations in terminal and stevedoring services. In its latest earnings report for the second quarter of 2025, Pangaea reported a GAAP net loss of $2.7 million, or $0.04 per share, and an adjusted net loss of $1.4 million, or $0.02 per share. The company’s Time Charter Equivalent (TCE) rates were $12,108 per day, surpassing the average Baltic indices by 17%. Despite a decrease in TCE rates by 25% year-over-year, Pangaea increased its shipping days by 51% due to the acquisition of fifteen handy-sized vessels. The company declared a quarterly cash dividend of $0.05 per share and repurchased 202,822 shares of common stock. Additionally, Pangaea announced the sale of the vessel Strategic Endeavor for $7.7 million and acquired the remaining 49% equity of Seamar Management for $2.7 million. Looking ahead, Pangaea’s management remains focused on disciplined capital deployment and fleet renewal efforts, while expanding terminal operations in the U.S. The company sees potential stabilization and increased activity in its panamax and supramax segments, supported by its niche ice class fleet and seasonal summer arctic trade.