(PANL) Pangaea Logistic - Overview
Sector: Industrials | Industry: Marine Shipping | Exchange: NASDAQ (USA) | Market Cap: 525m USD | Total Return: 78.7% in 12m
Avg Turnover: 4.09M
EPS Trend: -81.2%
Qual. Beats: 0
Rev. Trend: 85.5%
Qual. Beats: 0
Warnings
Share dilution 17.7% YoY
Below Avwap Earnings
Tailwinds
Confidence
Pangaea Logistics Solutions Ltd. (PANL) provides seaborne dry bulk transportation and logistics services for industrial commodities, including grains, iron ore, and construction materials. The company utilizes an integrated business model that combines vessel ownership with technical management, stevedoring, and terminal operations to manage the end-to-end supply chain.
Operating within the marine transportation sector, the company focuses on niche trade routes and specialized cargo handling. Unlike standard commodity shipping, this model often relies on long-term contracts of affreightment to mitigate the volatility of spot market charter rates. Investors may find more granular data on these operational metrics at ValueRay.
Headquartered in Rhode Island, the firm manages a fleet of owned and chartered vessels to facilitate global trade. Its service suite extends beyond shipping to include voyage planning and port logistics, providing a comprehensive infrastructure for bulk industrial customers.
- Ice-class vessel premiums drive higher margins in niche Arctic trade routes
- Fluctuations in global dry bulk freight rates impact core voyage revenue
- Industrial cargo diversification reduces exposure to volatile grain and coal cycles
- Rising bunker fuel costs and carbon emission regulations pressure operating margins
- Strategic expansion of terminal and stevedoring services boosts non-freight revenue streams
| Net Income: 34.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.55 > 1.0 |
| NWC/Revenue: 14.30% < 20% (prev 12.06%; Δ 2.23% < -1%) |
| CFO/TA 0.07 > 3% & CFO 63.1m > Net Income 34.6m |
| Net Debt (311.2m) to EBITDA (95.5m): 3.26 < 3 |
| Current Ratio: 1.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (64.8m) vs 12m ago 17.68% < -2% |
| Gross Margin: 11.72% > 18% (prev 0.14%; Δ 1.16k% > 0.5%) |
| Asset Turnover: 72.76% > 50% (prev 60.41%; Δ 12.35% > 0%) |
| Interest Coverage Ratio: 2.14 > 6 (EBITDA TTM 95.5m / Interest Expense TTM 23.8m) |
| A: 0.10 (Total Current Assets 250.8m - Total Current Liabilities 153.6m) / Total Assets 950.7m |
| B: 0.19 (Retained Earnings 182.3m / Total Assets 950.7m) |
| C: 0.05 (EBIT TTM 51.0m / Avg Total Assets 934.3m) |
| D: 0.39 (Book Value of Equity 182.3m / Total Liabilities 463.9m) |
| Altman-Z'' = 2.08 = BBB |
| DSRI: 1.11 (Receivables 75.9m/55.7m, Revenue 679.8m/554.6m) |
| GMI: 1.15 (GM 11.72% / 13.50%) |
| AQI: 0.96 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.23 (Revenue 679.8m / 554.6m) |
| TATA: -0.03 (NI 34.6m - CFO 63.1m) / TA 950.7m) |
| Beneish M = -2.69 (Cap -4..+1) = A |
As of May 26, 2026, the stock is trading at USD 8.02 with a total of 474,700 shares traded.
Over the past week, the price has changed by -2.08%,
over one month by +6.08%,
over three months by -11.39% and
over the past year by +78.72%.
Pangaea Logistic has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy PANL.
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 10.9 | 35.3% |
P/E Trailing = 14.8519
P/E Forward = 8.2713
P/S = 0.7717
P/B = 1.1895
Revenue TTM = 679.8m USD
EBIT TTM = 51.0m USD
EBITDA TTM = 95.5m USD
Long Term Debt = 93.2m USD (from longTermDebt, last quarter)
Short Term Debt = 49.7m USD (from shortTermDebt, last quarter)
Debt = 400.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 40.9m
Net Debt = 311.2m USD (calculated: Debt 400.9m - CCE 89.7m)
Enterprise Value = 835.8m USD (524.6m + Debt 400.9m - CCE 89.7m)
Interest Coverage Ratio = 2.14 (Ebit TTM 51.0m / Interest Expense TTM 23.8m)
EV/FCF = 14.94x (Enterprise Value 835.8m / FCF TTM 55.9m)
FCF Yield = 6.69% (FCF TTM 55.9m / Enterprise Value 835.8m)
FCF Margin = 8.23% (FCF TTM 55.9m / Revenue TTM 679.8m)
Net Margin = 5.10% (Net Income TTM 34.6m / Revenue TTM 679.8m)
Gross Margin = 11.72% ((Revenue TTM 679.8m - Cost of Revenue TTM 600.2m) / Revenue TTM)
Gross Margin QoQ = 12.22% (prev 11.69%)
Tobins Q-Ratio = 0.88 (Enterprise Value 835.8m / Total Assets 950.7m)
Interest Expense / Debt = 5.94% (Interest Expense 23.8m / Debt 400.9m)
Taxrate = 21.0% (US default 21%)
NOPAT = 40.3m (EBIT 51.0m * (1 - 21.00%))
Current Ratio = 1.63 (Total Current Assets 250.8m / Total Current Liabilities 153.6m)
Debt / Equity = 0.91 (Debt 400.9m / totalStockholderEquity, last quarter 441.1m)
Debt / EBITDA = 3.26 (Net Debt 311.2m / EBITDA 95.5m)
Debt / FCF = 5.56 (Net Debt 311.2m / FCF TTM 55.9m)
Total Stockholder Equity = 426.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.71% (Net Income 34.6m / Total Assets 950.7m)
RoE = 8.13% (Net Income TTM 34.6m / Total Stockholder Equity 426.3m)
RoCE = 9.83% (EBIT 51.0m / Capital Employed (Equity 426.3m + L.T.Debt 93.2m))
RoIC = 5.33% (NOPAT 40.3m / Invested Capital 757.1m)
WACC = 7.14% (E(524.6m)/V(925.6m) * Re(9.02%) + D(400.9m)/V(925.6m) * Rd(5.94%) * (1-Tc(0.21)))
Discount Rate = 9.02% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 17.12%
[DCF] Terminal Value 77.85% ; FCFF base≈53.2m ; Y1≈60.5m ; Y5≈87.5m
[DCF] Fair Price = 15.41 (EV 1.32b - Net Debt 311.2m = Equity 1.01b / Shares 65.4m; r=8.35% [WACC [floored]]; 5y FCF grow 14.19% → 2.50% )
EPS Correlation: -81.17 | EPS CAGR: -33.15% | SUE: 0.40 | # QB: 0
Revenue Correlation: 85.48 | Revenue CAGR: 10.33% | SUE: 0.32 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.23 | Chg30d=+291.67% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.25 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=1.23 | Chg30d=+15.00% | Revisions=+33% | GrowthEPS=+354.3% | GrowthRev=+23.1%
EPS next Year (2027-12-31): EPS=0.88 | Chg30d=+2.32% | Revisions=-20% | GrowthEPS=-28.0% | GrowthRev=-6.0%
[Analyst] Revisions Ratio: +33%