PANL Stock Analysis: Pangaea Logistic | NASDAQ
Marine Shipping | NASDAQ, USA | Market Cap: 432m USD | 12M Return: 40.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.74M
EPS Trend: -80.9%
Qual. Beats: 0
Rev. Trend: 85.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) is a U.S.-based provider of seaborne dry bulk logistics and transportation services serving industrial customers worldwide. The company transports a diverse range of dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone, and complements its ocean transport with terminal, stevedoring, cargo loading and discharge, port operations, vessel chartering, voyage planning, and technical vessel management services. Pangaea operates a fleet of 7 vessels and is headquartered in Newport, Rhode Island, having been founded in 1996.
The company sits within the GICS Marine Transportation sub-industry, a cyclical, capital-intensive segment whose earnings are closely tied to global commodity trade flows and charter rate swings. Pangaeas mix of owned tonnage, third-party chartering, and integrated terminal/stevedoring services is a hybrid shipowner-plus-logistics model common among smaller, niche-focused dry bulk operators that typically concentrate on regional trades and specialized cargoes rather than competing head-on with the largest capesize and panamax carriers on the major commodity routes.
- Arctic ice class capability commands premium dry bulk freight rates
- Iron ore and grain shipment volumes fluctuate with global industrial demand
- Fleet expansion through vessel acquisitions grows tonnage revenue capacity
| 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 (104.3m): 2.98 < 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 13.50%; Δ -1.79% > 0.5%) |
| Asset Turnover: 72.76% > 50% (prev 60.41%; Δ 12.35% > 0%) |
| Interest Coverage Ratio: 2.51 > 6 (EBIT TTM 59.8m / 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: 0.06 (EBIT TTM 59.8m / Avg Total Assets 934.3m) |
| D: 0.95 (Book Value of Equity 441.1m / Total Liabilities 463.9m) |
| Altman-Z'' = 2.72 = A |
| DSRI: 1.11 (Receivables 75.9m/55.7m, Revenue 679.8m/554.6m) |
| GMI: 1.15 (GM 13.50% / 11.72%) |
| 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 = -2.66 (Cap -4..+1) = A |
As of July 13, 2026, the stock is trading at USD 6.95 with a total of 330,002 shares traded. Over the past week, the price has changed by +5.30%, over one month by -9.51%, over three months by -6.96% and over the past year by +40.27%.
Current recommended Stop Loss: 6.30 (which is 9.4% or 2.1 ATR below the current price).
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 | 56.1% |
P/E Trailing = 12.2222
P/E Forward = 6.8259
P/S = 0.6351
P/B = 0.9818
Revenue TTM = 679.8m USD
EBIT TTM = 59.8m USD
EBITDA TTM = 104.3m 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 = 742.9m USD (431.7m + Debt 400.9m - CCE 89.7m)
Interest Coverage Ratio = 2.51 (Ebit TTM 59.8m / Interest Expense TTM 23.8m)
EV/FCF = 13.28x (Enterprise Value 742.9m / FCF TTM 55.9m)
FCF Yield = 7.53% (FCF TTM 55.9m / Enterprise Value 742.9m)
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 = 0.78 (Enterprise Value 742.9m / Total Assets 950.7m)
Interest Expense / Debt = 5.94% (Interest Expense 23.8m / Debt 400.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 47.3m (EBIT 59.8m * (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 = 2.98 (Net Debt 311.2m / EBITDA 104.3m)
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 = 11.52% (EBIT 59.8m / Capital Employed (Equity 426.3m + L.T.Debt 93.2m))
RoIC = 5.82% (NOPAT 47.3m / Invested Capital 812.9m)
WACC = 6.90% (E(431.7m)/V(832.7m) * Re(8.95%) + D(400.9m)/V(832.7m) * Rd(5.94%) * (1-Tc(0.21)))
Discount Rate = 8.95% (= 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: -80.90 | EPS CAGR: -31.35% | SUE: 0.41 | # 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=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.25 | Chg30d=N/A | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=1.23 | Chg30d=+15.00% | Revisions=+40% | GrowthEPS=+354.3% | GrowthRev=+23.1%
EPS next Year (2027-12-31): EPS=0.88 | Chg30d=+2.32% | Revisions=-25% | GrowthEPS=-28.0% | GrowthRev=-6.0%
[Analyst] Revisions Ratio: +17% (up=2, down=1)