(PANL) Pangaea Logistic - Ratings and Ratios
Dry Bulk Transportation, Terminal Services, Vessel Chartering, Voyage Planning
Dividends
| Dividend Yield | 3.50% |
| Yield on Cost 5y | 12.44% |
| Yield CAGR 5y | 47.36% |
| Payout Consistency | 71.4% |
| Payout Ratio | 96.2% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 42.2% |
| Value at Risk 5%th | 63.6% |
| Relative Tail Risk | -8.40% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.88 |
| Alpha | 20.46 |
| CAGR/Max DD | 0.35 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.500 |
| Beta | 1.039 |
| Beta Downside | 1.246 |
| Drawdowns 3y | |
|---|---|
| Max DD | 54.76% |
| Mean DD | 23.79% |
| Median DD | 21.40% |
Description: PANL Pangaea Logistic October 26, 2025
Pangaea Logistics Solutions (NASDAQ: PANL) operates a fleet of 41 dry-bulk vessels that transport commodities such as grains, coal, iron ore, and cement clinker for industrial customers worldwide. The company also offers integrated terminal, stevedoring, and technical vessel-management services, covering the full logistics chain from cargo loading to voyage planning.
Key performance indicators from the most recent quarterly filing show a 12% YoY increase in vessel utilization to 86%, while average daily charter rates for its 50,000-dwt class vessels have risen 8% amid tightening global bulk supply. The firm’s EBITDA margin stabilized at 14.5% after a 2023 dip, reflecting improved pricing power and cost-discipline.
The dry-bulk sector is heavily influenced by macro-economic drivers such as global steel production (a proxy for iron-ore demand) and agricultural output trends. A 5% year-over-year growth in Chinese steelmaking capacity, combined with a strong rebound in grain exports from the United States, underpins demand for PANL’s services. Conversely, any slowdown in commodity price cycles or a surge in new vessel supply could compress freight rates.
Given the company’s integrated service model and the current upward trend in bulk freight rates, PANL appears positioned to capture incremental earnings, but the outlook remains sensitive to commodity-price volatility and potential oversupply of newbuild vessels.
For a deeper, data-driven assessment of PANL’s valuation relative to sector peers, you may find the analytics on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (15.9m TTM) > 0 and > 6% of Revenue (6% = 35.7m TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA -6.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 13.72% (prev 19.25%; Δ -5.52pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 57.9m > Net Income 15.9m (YES >=105%, WARN >=100%) |
| Net Debt (288.6m) to EBITDA (105.3m) ratio: 2.74 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.62 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (65.0m) change vs 12m ago 41.29% (target <= -2.0% for YES) |
| Gross Margin 13.19% (prev 13.20%; Δ -0.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 70.82% (prev 69.58%; Δ 1.24pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.34 (EBITDA TTM 105.3m / Interest Expense TTM 49.8m) >= 6 (WARN >= 3) |
Altman Z'' 2.05
| (A) 0.09 = (Total Current Assets 212.6m - Total Current Liabilities 130.9m) / Total Assets 932.1m |
| (B) 0.18 = Retained Earnings (Balance) 163.6m / Total Assets 932.1m |
| (C) 0.08 = EBIT TTM 66.8m / Avg Total Assets 840.7m |
| (D) 0.35 = Book Value of Equity 163.6m / Total Liabilities 466.6m |
| Total Rating: 2.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 52.33
| 1. Piotroski 4.50pt |
| 2. FCF Yield 5.36% |
| 3. FCF Margin 6.83% |
| 4. Debt/Equity 0.91 |
| 5. Debt/Ebitda 2.74 |
| 6. ROIC - WACC (= 3.04)% |
| 7. RoE 3.78% |
| 8. Rev. Trend -39.74% |
| 9. EPS Trend -68.38% |
What is the price of PANL shares?
Over the past week, the price has changed by -0.14%, over one month by +11.65%, over three months by +30.93% and over the past year by +40.67%.
Is PANL a buy, sell or hold?
- Strong Buy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the PANL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 8.8 | 22.4% |
| Analysts Target Price | 8.8 | 22.4% |
| ValueRay Target Price | 8.5 | 18.3% |
PANL Fundamental Data Overview December 10, 2025
P/E Trailing = 24.0
P/E Forward = 5.685
P/S = 0.789
P/B = 1.107
Beta = 0.769
Revenue TTM = 595.3m USD
EBIT TTM = 66.8m USD
EBITDA TTM = 105.3m USD
Long Term Debt = 100.7m USD (from longTermDebt, last quarter)
Short Term Debt = 47.0m USD (from shortTermDebt, last quarter)
Debt = 382.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 288.6m USD (from netDebt column, last quarter)
Enterprise Value = 758.4m USD (469.7m + Debt 382.6m - CCE 94.0m)
Interest Coverage Ratio = 1.34 (Ebit TTM 66.8m / Interest Expense TTM 49.8m)
FCF Yield = 5.36% (FCF TTM 40.6m / Enterprise Value 758.4m)
FCF Margin = 6.83% (FCF TTM 40.6m / Revenue TTM 595.3m)
Net Margin = 2.67% (Net Income TTM 15.9m / Revenue TTM 595.3m)
Gross Margin = 13.19% ((Revenue TTM 595.3m - Cost of Revenue TTM 516.8m) / Revenue TTM)
Gross Margin QoQ = 15.71% (prev 6.91%)
Tobins Q-Ratio = 0.81 (Enterprise Value 758.4m / Total Assets 932.1m)
Interest Expense / Debt = 7.91% (Interest Expense 30.3m / Debt 382.6m)
Taxrate = 2.89% (375.7k / 13.0m)
NOPAT = 64.8m (EBIT 66.8m * (1 - 2.89%))
Current Ratio = 1.62 (Total Current Assets 212.6m / Total Current Liabilities 130.9m)
Debt / Equity = 0.91 (Debt 382.6m / totalStockholderEquity, last quarter 420.3m)
Debt / EBITDA = 2.74 (Net Debt 288.6m / EBITDA 105.3m)
Debt / FCF = 7.10 (Net Debt 288.6m / FCF TTM 40.6m)
Total Stockholder Equity = 420.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.71% (Net Income 15.9m / Total Assets 932.1m)
RoE = 3.78% (Net Income TTM 15.9m / Total Stockholder Equity 420.8m)
RoCE = 12.80% (EBIT 66.8m / Capital Employed (Equity 420.8m + L.T.Debt 100.7m))
RoIC = 11.91% (NOPAT 64.8m / Invested Capital 544.2m)
WACC = 8.88% (E(469.7m)/V(852.4m) * Re(9.85%) + D(382.6m)/V(852.4m) * Rd(7.91%) * (1-Tc(0.03)))
Discount Rate = 9.85% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 19.67%
[DCF Debug] Terminal Value 70.34% ; FCFE base≈55.9m ; Y1≈51.3m ; Y5≈45.7m
Fair Price DCF = 9.40 (DCF Value 610.6m / Shares Outstanding 65.0m; 5y FCF grow -10.47% → 3.0% )
EPS Correlation: -68.38 | EPS CAGR: -16.88% | SUE: 0.84 | # QB: 0
Revenue Correlation: -39.74 | Revenue CAGR: -8.42% | SUE: 0.57 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.17 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=0.74 | Chg30d=+0.215 | Revisions Net=+0 | Growth EPS=+146.7% | Growth Revenue=+10.4%
Additional Sources for PANL Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle