PANL Stock Analysis: Pangaea Logistic | NASDAQ
Marine Shipping | NASDAQ, USA | Market Cap: 528m USD | 12M Return: 59.5% | BMG6891L1054 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.04M
EPS Trend: -54.8%
Qual. Beats: 0
Rev. Trend: 96.3%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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: 47.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -0.14 > 1.0 |
| NWC/Revenue: 10.39% < 20% (prev 10.00%; Δ 0.38% < -1%) |
| CFO/TA 0.07 > 3% & CFO 71.6m > Net Income 47.6m |
| Net Debt (284.7m) to EBITDA (119.2m): 2.39 < 3 |
| Current Ratio: 1.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (65.0m) vs 12m ago 1.54% < -2% |
| Gross Margin: 15.71% > 18% (prev 12.60%; Δ 3.11% > 0.5%) |
| Asset Turnover: 75.85% > 50% (prev 63.30%; Δ 12.56% > 0%) |
| Interest Coverage Ratio: 3.10 > 6 (EBIT TTM 72.9m / Interest Expense TTM 23.5m) |
| A: 0.08 (Total Current Assets 265.9m - Total Current Liabilities 192.2m) / Total Assets 956.7m |
| B: 0.20 (Retained Earnings 189.2m / Total Assets 956.7m) |
| C: 0.08 (EBIT TTM 72.9m / Avg Total Assets 936.3m) |
| D: 0.97 (Book Value of Equity 448.6m / Total Liabilities 462.0m) |
| Altman-Z'' = 2.69 = A |
| DSRI: 0.77 (Receivables 59.1m/62.7m, Revenue 710.2m/579.8m) |
| GMI: 0.80 (GM 12.60% / 15.71%) |
| AQI: 0.71 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 1.23 (Revenue 710.2m / 579.8m) |
| TATA: -0.03 (NI 47.6m - CFO 71.6m) / TA 956.7m) |
| Beneish M = -3.41 (Cap -4..+1) = AA |
As of September 01, 2026, the stock is trading at USD 8.12 with a total of 397,056 shares traded. Over the past week, the price has changed by -2.87%, over one month by +6.70%, over three months by +6.28% and over the past year by +59.48%.
Current recommended Stop Loss: 7.60 (which is 6.4% or 1.7 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 | 33.6% |
P/E Trailing = 10.8919
P/E Forward = 9.3023
P/S = 0.743
P/B = 1.1544
Revenue TTM = 710.2m USD
EBIT TTM = 72.9m USD
EBITDA TTM = 119.2m USD
Long Term Debt = 97.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 79.7m USD (from shortTermDebt, last quarter)
Debt = 390.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 40.9m
Net Debt = 284.7m USD (calculated: Debt 390.4m - CCE 105.7m)
Enterprise Value = 812.4m USD (527.7m + Debt 390.4m - CCE 105.7m)
Interest Coverage Ratio = 3.10 (Ebit TTM 72.9m / Interest Expense TTM 23.5m)
EV/FCF = 12.77x (Enterprise Value 812.4m / FCF TTM 63.6m)
FCF Yield = 7.83% (FCF TTM 63.6m / Enterprise Value 812.4m)
FCF Margin = 8.96% (FCF TTM 63.6m / Revenue TTM 710.2m)
Net Margin = 6.70% (Net Income TTM 47.6m / Revenue TTM 710.2m)
Gross Margin = 15.71% ((Revenue TTM 710.2m - Cost of Revenue TTM 598.7m) / Revenue TTM)
Gross Margin QoQ = 22.84% (prev 12.22%)
Tobins Q-Ratio = 0.85 (Enterprise Value 812.4m / Total Assets 956.7m)
Interest Expense / Debt = 6.02% (Interest Expense 23.5m / Debt 390.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 57.6m (EBIT 72.9m * (1 - 21.00%))
Current Ratio = 1.38 (Total Current Assets 265.9m / Total Current Liabilities 192.2m)
Debt / Equity = 0.87 (Debt 390.4m / totalStockholderEquity, last quarter 448.6m)
Debt / EBITDA = 2.39 (Net Debt 284.7m / EBITDA 119.2m)
Debt / FCF = 4.47 (Net Debt 284.7m / FCF TTM 63.6m)
Total Stockholder Equity = 434.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.08% (Net Income 47.6m / Total Assets 956.7m)
RoE = 10.94% (Net Income TTM 47.6m / Total Stockholder Equity 434.8m)
RoCE = 13.71% (EBIT 72.9m / Capital Employed (Equity 434.8m + L.T.Debt 97.2m))
RoIC = 7.12% (NOPAT 57.6m / Invested Capital 808.7m)
WACC = 6.77% (E(527.7m)/V(918.1m) * Re(8.26%) + D(390.4m)/V(918.1m) * Rd(6.02%) * (1-Tc(0.21)))
Discount Rate = 8.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.15 | Cagr: 16.73%
[DCF] Terminal Value 75.73% ; FCFF base≈63.1m ; Y1≈64.5m ; Y5≈70.9m
[DCF] Fair Price = 12.42 (EV 1.10b - Net Debt 284.7m = Equity 813.3m / Shares 65.5m; r=8.35% [WACC [floored]]; 5y FCF grow 2.21% → 2.50% )
EPS Correlation: -54.77 | EPS CAGR: -19.30% | SUE: 0.29 | # QB: 0
Revenue Correlation: 96.30 | Revenue CAGR: 14.54% | SUE: 3.05 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.25 | Chg30d=N/A | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.88 | Chg30d=-28.26% | Revisions=+40% | GrowthEPS=+225.9% | GrowthRev=+17.9%
EPS next Year (2027-12-31): EPS=1.10 | Chg30d=+24.53% | Revisions=-25% | GrowthEPS=+25.0% | GrowthRev=-0.4%
[Analyst] Revisions Ratio: +17% (up=2, down=1)