Pacific Basin Shipping (2343) Stock Overview
An investment holding company, engages in the provision of dry bulk shipping services in Hong Kong and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
2343 Community Fair Values
Create NarrativeSee what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
HK$3.01
FV
0.3% overvalued intrinsic discount-11.40%
Revenue growth p.a.
73
users have viewed this narrative1users have liked this narrative
1users have commented on this narrative
5users have followed this narrative
Pacific Basin Shipping Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$3.02 |
| 52 Week High | HK$3.66 |
| 52 Week Low | HK$1.93 |
| Beta | 1.46 |
| 1 Month Change | -11.44% |
| 3 Month Change | 0% |
| 1 Year Change | 46.60% |
| 3 Year Change | 24.28% |
| 5 Year Change | -3.21% |
| Change since IPO | 20.80% |
Recent News & Updates
Narrative Update • Jun 07
2343: Dividend Timing And Refined P E Assumptions Will Shape Fairly Valued Shares
Analysts have lifted their HK$ price target for Pacific Basin Shipping from HK$3.35 to HK$3.42, citing updated fair value estimates, a slightly lower discount rate, and modestly adjusted assumptions for revenue growth, profit margins, and future P/E multiples. What's in the News Analysts revised the HK$ price target for Pacific Basin Shipping from HK$3.35 to HK$3.42, reflecting updated fair value estimates and a slightly lower discount rate.Narrative Update • Apr 24
2343: Dividend Timing And Tweaked Assumptions Will Shape Fairly Valued Shares
Analysts have raised their price target on Pacific Basin Shipping to HK$3.35 from HK$3.27, citing adjustments to fair value estimates, slightly different assumptions for revenue growth and profit margins, and a modestly higher future P/E multiple. What's in the News A board meeting is scheduled for 3 March 2026 to consider and approve Pacific Basin Shipping's 2025 annual results for the group and to consider a recommendation on a final dividend for 2025 (Key Developments).Narrative Update • Apr 08
2343: Dividend Outlook And Modest Assumption Changes Will Shape Fairly Valued Shares
Analysts have trimmed their HK$ price target on Pacific Basin Shipping by a small amount, reflecting slightly updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior views. What's in the News Pacific Basin Shipping proposed an ordinary final dividend of HK$0.06 per share for the year ended 31 December 2025, subject to shareholder approval on 22 April 2026 (Key Developments).Recent updates
Narrative Update • Jun 07
2343: Dividend Timing And Refined P E Assumptions Will Shape Fairly Valued Shares
Analysts have lifted their HK$ price target for Pacific Basin Shipping from HK$3.35 to HK$3.42, citing updated fair value estimates, a slightly lower discount rate, and modestly adjusted assumptions for revenue growth, profit margins, and future P/E multiples. What's in the News Analysts revised the HK$ price target for Pacific Basin Shipping from HK$3.35 to HK$3.42, reflecting updated fair value estimates and a slightly lower discount rate.Narrative Update • Apr 24
2343: Dividend Timing And Tweaked Assumptions Will Shape Fairly Valued Shares
Analysts have raised their price target on Pacific Basin Shipping to HK$3.35 from HK$3.27, citing adjustments to fair value estimates, slightly different assumptions for revenue growth and profit margins, and a modestly higher future P/E multiple. What's in the News A board meeting is scheduled for 3 March 2026 to consider and approve Pacific Basin Shipping's 2025 annual results for the group and to consider a recommendation on a final dividend for 2025 (Key Developments).Narrative Update • Apr 08
2343: Dividend Outlook And Modest Assumption Changes Will Shape Fairly Valued Shares
Analysts have trimmed their HK$ price target on Pacific Basin Shipping by a small amount, reflecting slightly updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that remain broadly in line with prior views. What's in the News Pacific Basin Shipping proposed an ordinary final dividend of HK$0.06 per share for the year ended 31 December 2025, subject to shareholder approval on 22 April 2026 (Key Developments).Analysis Article • Mar 27
We Think That There Are More Issues For Pacific Basin Shipping (HKG:2343) Than Just Sluggish Earnings
Last week's earnings announcement from Pacific Basin Shipping Limited ( HKG:2343 ) was disappointing to investors, with...Narrative Update • Mar 24
2343: Higher Future P/E Assumptions Will Support Upside For Undervalued Shares
Analysts now cite a modestly higher fair value and a slightly adjusted discount rate, which together have led to a refreshed HK$3.19 to HK$3.31 price target range for Pacific Basin Shipping. What's in the News A final dividend of HK$0.06 per share has been proposed for the year ended 31 December 2025, subject to shareholder approval on 22 April 2026.
New Narrative • Mar 18
New Fuel Efficient Fleet And Minor Bulk Demand Will Support Stronger Earnings Quality
Catalysts About Pacific Basin Shipping Pacific Basin Shipping operates one of the world's largest modern Handysize and Supramax dry bulk fleets, serving over 600 industrial cargo customers globally. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 10
2343: New Fuel Efficient Fleet Additions Will Limit Upside For Fairly Valued Shares
Analysts have adjusted their HK$ fair value estimate for Pacific Basin Shipping from HK$2.73 to HK$3.19 as they factor in updated assumptions on revenue growth, profit margins, discount rate and future P/E levels across their models. What's in the News A board meeting is scheduled for 3 March 2026 to consider and approve Pacific Basin Shipping's 2025 annual results and to consider a recommendation on the 2025 final dividend.
New Narrative • Mar 03
Fleet Oversupply And Trade Shifts Will Pressure Earnings Despite Efficiency Upgrades
Catalysts About Pacific Basin Shipping Pacific Basin Shipping operates a large fleet of Handysize and Supramax dry bulk vessels focused on minor bulk and grain cargoes. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 24
2343: New Fuel Efficient Vessel Orders Will Restrain Upside For Expensive Shares
Analysts have nudged their price target for Pacific Basin Shipping slightly higher to HK$2.73 from HK$2.73, citing updated fair value estimates, a modestly adjusted discount rate and a marginally lower forward P/E assumption. What's in the News A board meeting is scheduled for 3 March 2026 to consider and approve Pacific Basin Shipping's 2025 annual results for the group and to consider recommending a final dividend for 2025 (Key Developments).Analysis Article • Feb 12
Is It Too Late To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
Pacific Basin Shipping Limited ( HKG:2343 ), is not the largest company out there, but it received a lot of attention...Narrative Update • Feb 09
2343: New Vessel Orders Will Limit Upside For Overextended Shares
Analysts have slightly reduced their price target on Pacific Basin Shipping to reflect modest tweaks in discount rate and future P/E assumptions, keeping fair value broadly in line with prior estimates and describing the change as a refinement rather than a reset of their view. What's in the News Indirect wholly owned subsidiaries of Pacific Basin Shipping, identified as Buyer 1 through Buyer 4, agreed ship purchase contracts on 23 December 2025 to acquire four Handysize newbuilding vessels for a total consideration of about US$119.2 million (Key Developments).Analysis Article • Jan 26
There's Been No Shortage Of Growth Recently For Pacific Basin Shipping's (HKG:2343) Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Jan 25
2343: Fine Tuning Of Assumptions Will Support Steady Future Share Performance
Analysts have made a small upward adjustment to their price target for Pacific Basin Shipping, now seeing fair value at around HK$2.73 versus HK$2.72 previously. This reflects fine tuning of assumptions on discount rate, revenue growth, profit margin and future P/E, rather than a major shift in their view.Narrative Update • Jan 09
2343: Slightly Higher Assumptions Will Still Support Stronger Future Share Performance
Analysts have trimmed their price target on Pacific Basin Shipping slightly, reflecting updated fair value inputs along with modest adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Valuation Changes Fair Value: Trimmed slightly from HK$2.78 to about HK$2.72 per share, indicating a small reduction in the modelled fair value range.Analysis Article • Jan 07
Some Shareholders Feeling Restless Over Pacific Basin Shipping Limited's (HKG:2343) P/E Ratio
With a price-to-earnings (or "P/E") ratio of 15.8x Pacific Basin Shipping Limited ( HKG:2343 ) may be sending bearish...Narrative Update • Dec 14
2343: Lower Discount Rate Will Support Stronger Future Share Performance
Analysts have modestly raised their price target on Pacific Basin Shipping to HKD 2.78 from HKD 2.78, reflecting slightly lower discount rate assumptions and a marginally refined view of long term growth and profitability. Valuation Changes Discount Rate edged down slightly from 7.42 percent to 7.41 percent, implying a marginally lower required return.Narrative Update • Nov 28
2343: Discount Rate Adjustment And Share Repurchases Will Influence Future Performance
Analysts have maintained their price target for Pacific Basin Shipping at $2.78, citing stable expectations for key valuation metrics despite a modest increase in the discount rate. Valuation Changes Fair Value Estimate remains unchanged at HK$2.78.Narrative Update • Nov 08
2343: Share Repurchases And Discount Rate Change Will Shape Outlook
Analysts have made a modest upward revision to Pacific Basin Shipping's target price, now set at $2.78 per share. This change is attributed to incremental adjustments in discount rates while maintaining stable assumptions for revenue growth and profitability.Analysis Article • Nov 07
Is Now The Time To Look At Buying Pacific Basin Shipping Limited (HKG:2343)?
Pacific Basin Shipping Limited ( HKG:2343 ), might not be a large cap stock, but it led the SEHK gainers with a...Narrative Update • Oct 25
Share Buybacks And Interim Dividend Will Shape Dry Bulk Market Outlook
Analysts have raised their price target for Pacific Basin Shipping from $2.56 to $2.78. They cite modest adjustments in projected revenue growth and profit margins as key factors underlying the update.Narrative Update • Oct 11
Dry Bulk Shipping Will Face Oversupply Yet Remain Resilient
Narrative Update on Pacific Basin Shipping Analysts have raised their price target for Pacific Basin Shipping from $2.46 to $2.56 per share. They cite a lower discount rate and a more attractive future price-to-earnings ratio as key factors behind their revised outlook.Analysis Article • Sep 24
Getting In Cheap On Pacific Basin Shipping Limited (HKG:2343) Might Be Difficult
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 12x, you may consider...Narrative Update • Sep 23
Dry Bulk Shipping Will Face Oversupply Yet Remain Resilient
The consensus price target for Pacific Basin Shipping has increased, primarily reflecting improved revenue growth expectations, with the target rising from HK$2.29 to HK$2.46. What's in the News Repurchased 25,062,000 shares (0.5%) for HKD 51.06 million, completing the announced buyback.Narrative Update • Aug 27
Dry Bulk Shipping Will Face Oversupply Yet Remain Resilient
Pacific Basin Shipping’s consensus price target rose to HK$2.29 as analysts project a sharp increase in its future P/E multiple despite a deterioration in revenue growth forecasts. What's in the News Declared interim dividend of HKD 0.016 per share for H1 2025, reflecting a decrease.Narrative Update • Aug 08
Dry Bulk Shipping Will Face Oversupply Yet Remain Resilient
Pacific Basin Shipping's consensus price target has increased to HK$2.20, primarily driven by a notable upgrade in revenue growth forecasts and a sharp decline in the future P/E multiple, suggesting improved earnings expectations and valuation. What's in the News Board meeting scheduled to approve 2025 interim results and consider interim dividend.Analysis Article • Jul 15
The Return Trends At Pacific Basin Shipping (HKG:2343) Look Promising
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jun 23
Pacific Basin Shipping Limited (HKG:2343) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Despite an already strong run, Pacific Basin Shipping Limited ( HKG:2343 ) shares have been powering on, with a gain of...Analysis Article • May 13
These 4 Measures Indicate That Pacific Basin Shipping (HKG:2343) Is Using Debt Reasonably Well
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Apr 18
Shareholders May Be Wary Of Increasing Pacific Basin Shipping Limited's (HKG:2343) CEO Compensation Package
Key Insights Pacific Basin Shipping will host its Annual General Meeting on 25th of April Total pay for CEO Martin...Analysis Article • Apr 08
Pacific Basin Shipping Limited's (HKG:2343) Shares Lagging The Market But So Is The Business
When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") above 10x, you may consider...Analysis Article • Mar 21
Investors Shouldn't Be Too Comfortable With Pacific Basin Shipping's (HKG:2343) Earnings
Despite posting some strong earnings, the market for Pacific Basin Shipping Limited's ( HKG:2343 ) stock hasn't moved...
New Narrative • Mar 02
Freight Rate Improvements Will Boost Earnings In 2025, But Oversupply May Pose Challenges
Strategic fleet renewal and energy-efficient vessels aim to enhance operating efficiencies and reduce costs, potentially boosting net margins.Analysis Article • Feb 06
There's Been No Shortage Of Growth Recently For Pacific Basin Shipping's (HKG:2343) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Dec 24
Market Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Earnings
With a price-to-earnings (or "P/E") ratio of 13.1x Pacific Basin Shipping Limited ( HKG:2343 ) may be sending bearish...Analysis Article • Oct 07
When Should You Buy Pacific Basin Shipping Limited (HKG:2343)?
While Pacific Basin Shipping Limited ( HKG:2343 ) might not have the largest market cap around , it saw a significant...Analysis Article • Sep 20
Investors Interested In Pacific Basin Shipping Limited's (HKG:2343) Earnings
With a price-to-earnings (or "P/E") ratio of 17x Pacific Basin Shipping Limited ( HKG:2343 ) may be sending very...Analysis Article • Aug 30
There May Be Reason For Hope In Pacific Basin Shipping's (HKG:2343) Disappointing Earnings
Soft earnings didn't appear to concern Pacific Basin Shipping Limited's ( HKG:2343 ) shareholders over the last week...Analysis Article • Jun 12
Pacific Basin Shipping's (HKG:2343) Returns On Capital Are Heading Higher
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Analysis Article • May 28
Is It Too Late To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
Pacific Basin Shipping Limited ( HKG:2343 ), is not the largest company out there, but it saw a significant share price...Analysis Article • May 09
Pacific Basin Shipping Limited's (HKG:2343) P/S Is Still On The Mark Following 30% Share Price Bounce
Despite an already strong run, Pacific Basin Shipping Limited ( HKG:2343 ) shares have been powering on, with a gain of...Analysis Article • Apr 12
Shareholders May Not Be So Generous With Pacific Basin Shipping Limited's (HKG:2343) CEO Compensation And Here's Why
Key Insights Pacific Basin Shipping to hold its Annual General Meeting on 19th of April CEO Martin Fruergaard's total...Analysis Article • Mar 04
Earnings Miss: Pacific Basin Shipping Limited Missed EPS By 22% And Analysts Are Revising Their Forecasts
It's been a good week for Pacific Basin Shipping Limited ( HKG:2343 ) shareholders, because the company has just...Analysis Article • Feb 13
Is It Time To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
Pacific Basin Shipping Limited ( HKG:2343 ), might not be a large cap stock, but it received a lot of attention from a...Analysis Article • Jan 26
Pacific Basin Shipping (HKG:2343) Might Have The Makings Of A Multi-Bagger
What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...Analysis Article • Dec 11
Pacific Basin Shipping (HKG:2343) Has A Pretty Healthy Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Nov 28
Are Investors Undervaluing Pacific Basin Shipping Limited (HKG:2343) By 41%?
Key Insights Pacific Basin Shipping's estimated fair value is HK$4.06 based on 2 Stage Free Cash Flow to Equity Pacific...Analysis Article • Oct 20
Pacific Basin Shipping (HKG:2343) Might Have The Makings Of A Multi-Bagger
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...Analysis Article • Aug 27
These 4 Measures Indicate That Pacific Basin Shipping (HKG:2343) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Aug 11
Is It Too Late To Consider Buying Pacific Basin Shipping Limited (HKG:2343)?
While Pacific Basin Shipping Limited ( HKG:2343 ) might not be the most widely known stock at the moment, it received a...Shareholder Returns
| 2343 | HK Shipping | HK Market | |
|---|---|---|---|
| 7D | 5.6% | -1.2% | 0.2% |
| 1Y | 46.6% | 6.0% | 4.5% |
Return vs Industry: 2343 exceeded the Hong Kong Shipping industry which returned 6% over the past year.
Return vs Market: 2343 exceeded the Hong Kong Market which returned 4.5% over the past year.
Price Volatility
| 2343 volatility | |
|---|---|
| 2343 Average Weekly Movement | 5.6% |
| Shipping Industry Average Movement | 5.5% |
| Market Average Movement | 7.5% |
| 10% most volatile stocks in HK Market | 16.0% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 2343 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 2343's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 4,712 | Martin Fruergaard | www.pacificbasin.com |
Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services in Hong Kong and internationally. The company offers shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap. It also offers shipping consulting, crewing, secretarial, ocean shipping, ship agency, and operation and management services.
Pacific Basin Shipping Limited Fundamentals Summary
| 2343 fundamental statistics | |
|---|---|
| Market cap | HK$15.43b |
| Earnings (TTM) | HK$455.80m |
| Revenue (TTM) | HK$16.31b |
33.8x
P/E Ratio0.9x
P/S RatioIs 2343 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2343 income statement (TTM) | |
|---|---|
| Revenue | US$2.08b |
| Cost of Revenue | US$2.01b |
| Gross Profit | US$75.84m |
| Other Expenses | US$17.67m |
| Earnings | US$58.17m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 06, 2026
| Earnings per share (EPS) | 0.011 |
| Gross Margin | 3.64% |
| Net Profit Margin | 2.80% |
| Debt/Equity Ratio | 7.5% |
How did 2343 perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield88%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 23:23 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Pacific Basin Shipping Limited is covered by 23 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Windham | Barclays |
| Nathan Gee | BofA Global Research |
| Winnie Guo | CCB International Securities Limited |