View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPangaea Logistics Solutions 향후 성장Future 기준 점검 3/6Pangaea Logistics Solutions (는) 각각 연간 33.2% 및 5.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 53% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.8% 로 예상됩니다.핵심 정보33.2%이익 성장률53.02%EPS 성장률Shipping 이익 성장7.2%매출 성장률5.6%향후 자기자본이익률13.80%애널리스트 커버리지Low마지막 업데이트27 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Mar 30Pangaea Logistics Solutions Ltd., Annual General Meeting, May 07, 2026Pangaea Logistics Solutions Ltd., Annual General Meeting, May 07, 2026. Location: in the company`s executive office, at 109 long wharf, newport, ri 02840, United StatesRecent Insider Transactions • Mar 19President recently sold €120k worth of stockOn the 18th of March, Mads Rosenberg Petersen sold around 20k shares on-market at roughly €6.13 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mads Rosenberg's only on-market trade for the last 12 months.Reported Earnings • Mar 11Full year 2025 earnings released: EPS: US$0.30 (vs US$0.64 in FY 2024)Full year 2025 results: EPS: US$0.30 (down from US$0.64 in FY 2024). Revenue: US$632.0m (up 18% from FY 2024). Net income: US$19.4m (down 33% from FY 2024). Profit margin: 3.1% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공시 • Mar 05Pangaea Logistics Solutions Ltd. to Report Q4, 2025 Results on Mar 10, 2026Pangaea Logistics Solutions Ltd. announced that they will report Q4, 2025 results After-Market on Mar 10, 2026Declared Dividend • Feb 22Third quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 27th February 2026 Payment date: 13th March 2026 Dividend yield will be 2.4%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 189% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.공시 • Feb 17Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend, Payable on March 13, 2026Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share to be paid on March 13, 2026 to all shareholders of record as of February 27, 2026.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €6.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 42% over the past three years.New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).공시 • Dec 19Pangaea Logistics Solutions Ltd. Announces Board ChangesPangaea Logistics Solutions Ltd. announced the appointment of Eugene I. Davis to the Company's Board of Directors as a Class II director, effective immediately. Mr. Davis will replace Christina Tan, who has resigned from her position effective immediately prior to the appointment of Mr. Davis. The Board has determined that Mr. Davis is independent under the applicable rules of the Nasdaq Stock Market. Mr. Davis has 40 years of experience advising companies across various industries on matters related to shareholder value creation and corporate strategy. He is the Chairman and Chief Executive Officer of PIRINATE Consulting Group LLC. In addition, Mr. Davis currently serves as the Chairman of the Board of Directors and the chairman of the Audit Committee of WW International Inc. and as a member of the Board of Directors of Spirit Aviation Holdings Inc., where he is the chairman of the Audit Committee. Mr. Davis was appointed pursuant to the Investor and Registration Rights Agreement, dated as of December 30, 2024, by and between the Company and Strategic Shipping Inc. Ms. Tan, who served as one of SSI's initial designees in accordance with the Investor Rights Agreement, resigned effective immediately prior to the appointment of Mr. Davis.공시 • Nov 29Pangaea Logistics Solutions Ltd. Appoints Paul M. Leand, Jr. to Its Board of Directors as A Class III Director, Effective November 28, 2025Pangaea Logistics Solutions Ltd. announced the appointment of Paul M. Leand, Jr. to the Company's Board of Directors as a Class III director, effective November 28, 2025. Mr. Leand has over two decades of experience advising companies and investors in the maritime shipping industry. He is the Managing Director and Chief Executive Officer of AMA Capital Partners, the only merchant banking partnership in the United States exclusively focused on the transportation, energy and offshore industries.Upcoming Dividend • Nov 24Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 01 December 2025. Payment date: 15 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (7.9%).Declared Dividend • Nov 10Third quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 1st December 2025 Payment date: 15th December 2025 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 95% over the next year, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$0.19 (vs US$0.11 in 3Q 2024)Third quarter 2025 results: EPS: US$0.19 (up from US$0.11 in 3Q 2024). Revenue: US$168.7m (up 10% from 3Q 2024). Net income: US$12.2m (up 139% from 3Q 2024). Profit margin: 7.2% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 1.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.공시 • Nov 07Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2025The Board of Directors of Pangaea Logistics Solutions, Ltd. declared a quarterly cash dividend of $0.05 per common share, payable on December 15, 2025, to all shareholders of record as of December 1, 2025.공시 • Nov 01Pangaea Logistics Solutions, Ltd. to Report Q3, 2025 Results on Nov 06, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025공시 • Sep 18+ 1 more updatePangaea Logistics Solutions, Ltd. Announces Chief Executive Officer Changes, Effective January 1, 2026Pangaea Logistics Solutions, Ltd. announced that, Mark Filanowski will retire as the Company’s Chief Executive Officer and step-down from the Board of Directors effective on January 1, 2026, following eleven years with the Company. As part of the Company's succession plan, Mads Petersen, 46, the Company's Chief Operating Officer since 2022, has been appointed to succeed Mr. Filanowski as President and Chief Executive Officer, effective January 1, 2026. Mr. Peterson intends to resign as the Company's Chief Operating Officer, effective as of his appointment as Chief Executive Officer on January 1, 2026. In connection with his appointment as Chief Executive Officer, Mr. Petersen will also join the Company's Board of Directors effective as of January 1, 2026, to be nominated for reelection to the Company's Board of Directors at the next annual shareholder meeting. Mr. Petersen joined the Company in 2009 when he established and served as Managing Director of Nordic Bulk Carriers, currently renamed Pangaea Logistics Solutions Denmark in 2023. a wholly owned subsidiary of the Company. He led the Company's Copenhagen office, where he focused on the Company's ice-class vessel activities and oversaw the Company's newbuilding activities in Japan and China. Mr. Petersen has overseen the Company's commercial, operational, and technical functions as Chief Operating Officer since 2022. Additionally, Mr. Peterson will make a suitable director of the Company due to his long-standing familiarity with the Company and its operations and vast experience in the shipping industry.Declared Dividend • Aug 18Second quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 2nd September 2025 Payment date: 15th September 2025 Dividend yield will be 6.8%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control. EPS is expected to grow by 119% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 10Second quarter 2025 earnings released: US$0.043 loss per share (vs US$0.081 profit in 2Q 2024)Second quarter 2025 results: US$0.043 loss per share (down from US$0.081 profit in 2Q 2024). Revenue: US$156.7m (up 19% from 2Q 2024). Net loss: US$2.74m (down 175% from profit in 2Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.공시 • Aug 08+ 1 more updatePangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) acquired 49% stake in Seamar Management S.A. for $2.7 million.Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) acquired 49% stake in Seamar Management S.A. for $2.7 million on July 31, 2025. A cash consideration of $2.7 million will be paid by Pangaea Logistics Solutions, Ltd. As part of consideration, $2.7 million is paid towards common equity of Seamar Management S.A. Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) completed the acquisition of 49% stake in Seamar Management S.A. for $2.7 million on July 31, 2025.공시 • Aug 05Pangaea Logistics Solutions, Ltd. to Report Q2, 2025 Results on Aug 07, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025공시 • May 13+ 1 more updatePangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on June 16, 2025The Board of Directors of Pangaea Logistics Solutions, Ltd. declared a quarterly cash dividend of $0.05 per common share, to be paid on June 16, 2025 to all shareholders of record as of June 2, 2025.공시 • May 06Pangaea Logistics Solutions, Ltd. to Report Q1, 2025 Results on May 12, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2025 results After-Market on May 12, 2025공시 • Mar 31Pangaea Logistics Solutions, Ltd., Annual General Meeting, May 08, 2025Pangaea Logistics Solutions, Ltd., Annual General Meeting, May 08, 2025. Location: at 109 long wharf, ri 02840, newport, United States공시 • Mar 20Pangaea Logistics Solutions, Ltd. announced delayed annual 10-K filingOn 03/18/2025, Pangaea Logistics Solutions, Ltd. announced that they will be unable to file their next 10-K by the deadline required by the SEC.Reported Earnings • Mar 16Full year 2024 earnings released: EPS: US$0.64 (vs US$0.59 in FY 2023)Full year 2024 results: EPS: US$0.64 (up from US$0.59 in FY 2023). Revenue: US$536.5m (up 7.5% from FY 2023). Net income: US$28.9m (up 9.8% from FY 2023). Profit margin: 5.4% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.공시 • Mar 04Pangaea Logistics Solutions, Ltd. to Report Q4, 2024 Results on Mar 13, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q4, 2024 results After-Market on Mar 13, 2025Declared Dividend • Feb 24Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 7.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (207% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 14Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend, Payable on March 14, 2025Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 14, 2025 to all shareholders of record as of February 28, 2025.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin).New Risk • Jan 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding).New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin).Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €5.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 103% over the past three years.Declared Dividend • Nov 18Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 6.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Nov 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 8.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin).Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.42 in 3Q 2023)Third quarter 2024 results: EPS: US$0.11 (down from US$0.42 in 3Q 2023). Revenue: US$153.1m (up 13% from 3Q 2023). Net income: US$5.11m (down 73% from 3Q 2023). Profit margin: 3.3% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.공시 • Nov 13Pangaea Logistics Solutions, Ltd. Declares A Quarterly Cash Dividend, Payable on December 13, 2024On November 8, 2024, Pangaea Logistics Solutions, Ltd.'s Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 13, 2024, to all shareholders of record as of November 29, 2024.공시 • Nov 06Pangaea Logistics Solutions, Ltd. to Report Q3, 2024 Results on Nov 12, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024공시 • Oct 09Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) agreed to acquire remaining 50% stake in Nordic Bulk Partners LLC from HS Nordic LLC for $17.2 million.Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) agreed to acquire remaining 50% stake in Nordic Bulk Partners LLC from HS Nordic LLC for $17.2 million on October 7, 2024. A cash consideration of $17.2 million will be paid by Pangaea Logistics Solutions, Ltd. As part of consideration, $17.2 million is paid towards common equity of Nordic Bulk Partners LLC. Upon completion, Pangaea Logistics Solutions, Ltd. will own 100% stake in Nordic Bulk Partners LLC. The transaction is subject to customary closing terms and conditions. The transaction is expected to be completed by November 1, 2024.Buy Or Sell Opportunity • Sep 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to €5.55. The fair value is estimated to be €6.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 9.6% in a year. Earnings are forecast to grow by 26% in the next year.Declared Dividend • Aug 19Second quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 6.6%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: US$0.081 (vs US$0.064 in 2Q 2023)Second quarter 2024 results: EPS: US$0.081 (up from US$0.064 in 2Q 2023). Revenue: US$131.5m (up 11% from 2Q 2023). Net income: US$3.68m (up 30% from 2Q 2023). Profit margin: 2.8% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.공시 • Aug 09Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 16, 2024Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on September 16, 2024, to all shareholders of record as of September 2, 2024.공시 • Aug 01Pangaea Logistics Solutions, Ltd. to Report Q2, 2024 Results on Aug 08, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024공시 • Jun 26Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 08, 2024Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 08, 2024. Location: 109 long wharf, ri 02840, newport United StatesDeclared Dividend • May 20First quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 30th May 2024 Payment date: 13th June 2024 Dividend yield will be 5.3%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • May 11Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on June 13, 2024Pangaea Logistics Solutions, Ltd.'s Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on June 13, 2024, to all shareholders of record as of May 30, 2024.Reported Earnings • May 11First quarter 2024 earnings released: EPS: US$0.26 (vs US$0.078 in 1Q 2023)First quarter 2024 results: EPS: US$0.26 (up from US$0.078 in 1Q 2023). Revenue: US$104.7m (down 7.9% from 1Q 2023). Net income: US$11.7m (up 236% from 1Q 2023). Profit margin: 11% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.공시 • May 03Pangaea Logistics Solutions, Ltd. to Report Q1, 2024 Results on May 09, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2024 results After-Market on May 09, 2024Valuation Update With 7 Day Price Move • Mar 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €6.15, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.00 per share.공시 • Mar 16Pangaea Logistics Solutions, Ltd. has filed a Follow-on Equity Offering in the amount of $25 million.Pangaea Logistics Solutions, Ltd. has filed a Follow-on Equity Offering in the amount of $25 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingReported Earnings • Mar 15Full year 2023 earnings released: EPS: US$0.59 (vs US$1.79 in FY 2022)Full year 2023 results: EPS: US$0.59 (down from US$1.79 in FY 2022). Revenue: US$499.3m (down 29% from FY 2022). Net income: US$26.3m (down 67% from FY 2022). Profit margin: 5.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 09Pangaea Logistics Solutions, Ltd. to Report Q4, 2023 Results on Mar 13, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024Declared Dividend • Feb 26Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 16Pangaea Logistics Solutions Ltd. Declares Quarterly Cash Dividend, Payable on March 15, 2024Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 15, 2024 to all shareholders of record as of March 1, 2024.Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €8.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 327% over the past three years.Upcoming Dividend • Nov 24Upcoming dividend of US$0.10 per share at 5.7% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 44% and the cash payout ratio is 94%. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (21%).Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 230% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.77 per share.New Risk • Nov 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.42 in 3Q 2022)Third quarter 2023 results: EPS: US$0.42. Revenue: US$135.6m (down 27% from 3Q 2022). Net income: US$18.9m (flat on 3Q 2022). Profit margin: 14% (up from 10% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 4.0% decline forecast for the Shipping industry in Europe.공시 • Nov 09Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2023Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 15, 2023, to all shareholders of record as of December 1, 2023.공시 • Oct 31Pangaea Logistics Solutions, Ltd. to Report Q3, 2023 Results on Nov 08, 2023Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023Upcoming Dividend • Aug 24Upcoming dividend of US$0.10 per share at 7.0% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (18%).New Risk • Aug 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change).Buying Opportunity • Aug 11Now 28% undervalued after recent price dropOver the last 90 days, the stock is down 1.8%. The fair value is estimated to be €7.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to decline by 6.6% in a year. Earnings is forecast to decline by 33% in the next year.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: US$0.064 (vs US$0.56 in 2Q 2022)Second quarter 2023 results: EPS: US$0.064 (down from US$0.56 in 2Q 2022). Revenue: US$118.1m (down 40% from 2Q 2022). Net income: US$2.84m (down 89% from 2Q 2022). Profit margin: 2.4% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.6% p.a. on average during the next 2 years compared to a 7.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 46% per year.공시 • Aug 10Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 15, 2023Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on September 15, 2023, to all shareholders of record as of September 1, 2023.공시 • Jul 29Pangaea Logistics Solutions, Ltd. to Report Q2, 2023 Results on Aug 09, 2023Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023공시 • Jun 24Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 07, 2023Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 07, 2023, at 14:00 US Eastern Standard Time. Location: Office at 109 Long Wharf, Newport, RI 02840 Newport United States Agenda: To elect two directors to the Board of Directors as Class III directors serving until the annual meeting of shareholders to be held in 2026; to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year 2023; to approve, on an advisory, non-binding basis, the compensation of named executive officers; to recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers; and to consider other business matters.공시 • Jun 02Pangaea Logistics Solutions, Ltd. acquired Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. for $7.2 million.Pangaea Logistics Solutions, Ltd. entered into a definitive agreement to acquire Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. for $7.2 million on March 24, 2023. The transaction is expected to close during the second quarter of 2023. The transaction is subject to regulatory review and customary closing conditions. Pangaea Logistics Solutions, Ltd. completed the acquisition of Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. on June 1, 2023.Upcoming Dividend • May 24Upcoming dividend of US$0.10 per share at 6.8% yieldEligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (18%).Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$0.078 (vs US$0.45 in 1Q 2022)First quarter 2023 results: EPS: US$0.078 (down from US$0.45 in 1Q 2022). Revenue: US$113.7m (down 41% from 1Q 2022). Net income: US$3.47m (down 83% from 1Q 2022). Profit margin: 3.1% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 2.1% p.a. on average during the next 2 years compared to a 5.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.공시 • May 12Pangaea Logistics Solutions, Ltd. Declares Quarterly Dividend, Payable on June 15, 2023Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on June 15, 2023, to all shareholders of record as of June 1, 2023.공시 • May 04Pangaea Logistics Solutions, Ltd. to Report Q1, 2023 Results on May 10, 2023Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 10, 2023Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.65, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.21 per share.Buying Opportunity • Apr 04Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €6.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to decline by 18% in 2 years. Earnings is forecast to decline by 51% in the next 2 years.Reported Earnings • Mar 16Full year 2022 earnings released: EPS: US$1.79 (vs US$1.53 in FY 2021)Full year 2022 results: EPS: US$1.79 (up from US$1.53 in FY 2021). Revenue: US$699.7m (down 2.6% from FY 2021). Net income: US$79.5m (up 18% from FY 2021). Profit margin: 11% (up from 9.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €6.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 215% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.82 per share.Upcoming Dividend • Feb 21Upcoming dividend of US$0.10 per share at 6.5% yieldEligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (14%).공시 • Feb 16Pangaea Logistics Solutions, Ltd. Announces Quarterly Cash Dividend, Payable on March 15, 2023Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 15, 2023 to all shareholders of record as of March 1, 2023.Upcoming Dividend • Nov 23Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (12%).Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Karen Beachy was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: US$0.42 (vs US$0.61 in 3Q 2021)Third quarter 2022 results: EPS: US$0.42 (down from US$0.61 in 3Q 2021). Revenue: US$184.5m (down 13% from 3Q 2021). Net income: US$18.8m (down 30% from 3Q 2021). Profit margin: 10% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.공시 • Nov 10Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2022Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 15, 2022, to all shareholders of record as of December 1, 2022.공시 • Nov 03Pangaea Logistics Solutions, Ltd. to Report Q3, 2022 Results on Nov 09, 2022Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022Upcoming Dividend • Aug 24Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 9.9% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (10%).Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.44 in 2Q 2021)Second quarter 2022 results: EPS: US$0.56 (up from US$0.44 in 2Q 2021). Revenue: US$195.5m (up 34% from 2Q 2021). Net income: US$25.0m (up 30% from 2Q 2021). Profit margin: 13% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.공시 • Aug 10Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 15, 2022Pangaea Logistics Solutions, Ltd. declared quarterly cash dividend of $0.075 per common share, to be paid on September 15, 2022, to all shareholders of record as of September 1, 2022.공시 • Jul 28Pangaea Logistics Solutions, Ltd. to Report Q2, 2022 Results on Aug 09, 2022Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022공시 • Jun 23Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 05, 2022Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 05, 2022, at 14:00 US Eastern Standard Time. Location: 109 Long Wharf Newport Rhode Island United States Agenda: To elect two directors to company Board of Directors as Class II directors serving until the annual meeting of shareholders to be held in 2025; to elect one director to company Board of Director as Class III director serving until the annual meeting of shareholders to be held in 2023; to approve the amendment of the PANGAEA LOGISTICS SOLUTIONS LTD. 2014 SHARE INCENTIVE PLAN (as amended and restated by the Board of Directors on May 6, 2022), the "2022 Amended Plan"; to approve the amendment of the company's Bye-laws to adopt gender-inclusive language; and to transact such other business as may properly come before the meeting or any adjournment thereof.Upcoming Dividend • May 24Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 8.4% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.3%). Lower than average of industry peers (8.2%).Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to €5.35, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.59 per share.Reported Earnings • May 12First quarter 2022 earnings released: EPS: US$0.45 (vs US$0.13 in 1Q 2021)First quarter 2022 results: EPS: US$0.45 (up from US$0.13 in 1Q 2021). Revenue: US$191.8m (up 53% from 1Q 2021). Net income: US$20.2m (up 244% from 1Q 2021). Profit margin: 11% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.공시 • May 12+ 1 more updatePangaea Logistics Solutions, Ltd. Reports Impairment of Vessels for the Three Months Ended March 31, 2022Pangaea Logistics Solutions, Ltd. reported impairment of vessels for the three months ended March 31, 2022. For the quarter, the company reported loss on impairment of vessels was $3,007,809.공시 • May 04Pangaea Logistics Solutions, Ltd. to Report Q1, 2022 Results on May 10, 2022Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2022 results After-Market on May 10, 2022Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Director Karen Beachy was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측BST:PGA - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20277115011199312/31/20267556811287312/31/2025632194754N/A9/30/2025595164158N/A6/30/20255809-458N/A3/31/202555515-1752N/A12/31/202453729-466N/A9/30/2024521221370N/A6/30/2024504354958N/A3/31/2024490352451N/A12/31/2023499262754N/A9/30/2023495411963N/A6/30/2023544413479N/A3/31/20236226396114N/A12/31/20227007998135N/A9/30/20228067964121N/A6/30/2022835875111N/A3/31/202278582-12189N/A12/31/202171867-13562N/A9/30/202159660-12041N/A6/30/202148740-7633N/A3/31/2021412242533N/A12/31/2020383111821N/A9/30/2020401-13343N/A6/30/20204160732N/A3/31/20204291-2026N/A12/31/201941212-1344N/A9/30/201938415N/A36N/A6/30/201936015N/A39N/A3/31/201937417N/A49N/A12/31/201837318N/A40N/A9/30/201837422N/A43N/A6/30/201838621N/A42N/A3/31/201838011N/A30N/A12/31/20173868N/A29N/A9/30/20173494N/A15N/A6/30/20173133N/A18N/A3/31/20172798N/A18N/A12/31/20162387N/A19N/A9/30/20162283N/A27N/A6/30/20162280N/A23N/A3/31/20162365N/A19N/A12/31/201528711N/A26N/A9/30/2015334-13N/A25N/A6/30/2015355-21N/A23N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: PGA 의 연간 예상 수익 증가율(33.2%)이 saving rate(1.7%)보다 높습니다.수익 vs 시장: PGA 의 연간 수익(33.2%)이 German 시장(17.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: PGA 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: PGA 의 수익(연간 5.6%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: PGA 의 수익(연간 5.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: PGA의 자본 수익률은 3년 후 13.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/01 09:43종가2026/04/29 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Pangaea Logistics Solutions Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Charles FrattAlliance Global PartnersLiam BurkeB. Riley Securities, Inc.Fredrik DybwadFearnley Securities
공시 • Mar 30Pangaea Logistics Solutions Ltd., Annual General Meeting, May 07, 2026Pangaea Logistics Solutions Ltd., Annual General Meeting, May 07, 2026. Location: in the company`s executive office, at 109 long wharf, newport, ri 02840, United States
Recent Insider Transactions • Mar 19President recently sold €120k worth of stockOn the 18th of March, Mads Rosenberg Petersen sold around 20k shares on-market at roughly €6.13 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mads Rosenberg's only on-market trade for the last 12 months.
Reported Earnings • Mar 11Full year 2025 earnings released: EPS: US$0.30 (vs US$0.64 in FY 2024)Full year 2025 results: EPS: US$0.30 (down from US$0.64 in FY 2024). Revenue: US$632.0m (up 18% from FY 2024). Net income: US$19.4m (down 33% from FY 2024). Profit margin: 3.1% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공시 • Mar 05Pangaea Logistics Solutions Ltd. to Report Q4, 2025 Results on Mar 10, 2026Pangaea Logistics Solutions Ltd. announced that they will report Q4, 2025 results After-Market on Mar 10, 2026
Declared Dividend • Feb 22Third quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 27th February 2026 Payment date: 13th March 2026 Dividend yield will be 2.4%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 189% over the next 2 years, which is sufficient to bring the dividend into a sustainable range.
공시 • Feb 17Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend, Payable on March 13, 2026Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share to be paid on March 13, 2026 to all shareholders of record as of February 27, 2026.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €6.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 42% over the past three years.
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin).
공시 • Dec 19Pangaea Logistics Solutions Ltd. Announces Board ChangesPangaea Logistics Solutions Ltd. announced the appointment of Eugene I. Davis to the Company's Board of Directors as a Class II director, effective immediately. Mr. Davis will replace Christina Tan, who has resigned from her position effective immediately prior to the appointment of Mr. Davis. The Board has determined that Mr. Davis is independent under the applicable rules of the Nasdaq Stock Market. Mr. Davis has 40 years of experience advising companies across various industries on matters related to shareholder value creation and corporate strategy. He is the Chairman and Chief Executive Officer of PIRINATE Consulting Group LLC. In addition, Mr. Davis currently serves as the Chairman of the Board of Directors and the chairman of the Audit Committee of WW International Inc. and as a member of the Board of Directors of Spirit Aviation Holdings Inc., where he is the chairman of the Audit Committee. Mr. Davis was appointed pursuant to the Investor and Registration Rights Agreement, dated as of December 30, 2024, by and between the Company and Strategic Shipping Inc. Ms. Tan, who served as one of SSI's initial designees in accordance with the Investor Rights Agreement, resigned effective immediately prior to the appointment of Mr. Davis.
공시 • Nov 29Pangaea Logistics Solutions Ltd. Appoints Paul M. Leand, Jr. to Its Board of Directors as A Class III Director, Effective November 28, 2025Pangaea Logistics Solutions Ltd. announced the appointment of Paul M. Leand, Jr. to the Company's Board of Directors as a Class III director, effective November 28, 2025. Mr. Leand has over two decades of experience advising companies and investors in the maritime shipping industry. He is the Managing Director and Chief Executive Officer of AMA Capital Partners, the only merchant banking partnership in the United States exclusively focused on the transportation, energy and offshore industries.
Upcoming Dividend • Nov 24Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 01 December 2025. Payment date: 15 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (7.9%).
Declared Dividend • Nov 10Third quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 1st December 2025 Payment date: 15th December 2025 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (112% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control. EPS is expected to grow by 95% over the next year, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: US$0.19 (vs US$0.11 in 3Q 2024)Third quarter 2025 results: EPS: US$0.19 (up from US$0.11 in 3Q 2024). Revenue: US$168.7m (up 10% from 3Q 2024). Net income: US$12.2m (up 139% from 3Q 2024). Profit margin: 7.2% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 1.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
공시 • Nov 07Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2025The Board of Directors of Pangaea Logistics Solutions, Ltd. declared a quarterly cash dividend of $0.05 per common share, payable on December 15, 2025, to all shareholders of record as of December 1, 2025.
공시 • Nov 01Pangaea Logistics Solutions, Ltd. to Report Q3, 2025 Results on Nov 06, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025
공시 • Sep 18+ 1 more updatePangaea Logistics Solutions, Ltd. Announces Chief Executive Officer Changes, Effective January 1, 2026Pangaea Logistics Solutions, Ltd. announced that, Mark Filanowski will retire as the Company’s Chief Executive Officer and step-down from the Board of Directors effective on January 1, 2026, following eleven years with the Company. As part of the Company's succession plan, Mads Petersen, 46, the Company's Chief Operating Officer since 2022, has been appointed to succeed Mr. Filanowski as President and Chief Executive Officer, effective January 1, 2026. Mr. Peterson intends to resign as the Company's Chief Operating Officer, effective as of his appointment as Chief Executive Officer on January 1, 2026. In connection with his appointment as Chief Executive Officer, Mr. Petersen will also join the Company's Board of Directors effective as of January 1, 2026, to be nominated for reelection to the Company's Board of Directors at the next annual shareholder meeting. Mr. Petersen joined the Company in 2009 when he established and served as Managing Director of Nordic Bulk Carriers, currently renamed Pangaea Logistics Solutions Denmark in 2023. a wholly owned subsidiary of the Company. He led the Company's Copenhagen office, where he focused on the Company's ice-class vessel activities and oversaw the Company's newbuilding activities in Japan and China. Mr. Petersen has overseen the Company's commercial, operational, and technical functions as Chief Operating Officer since 2022. Additionally, Mr. Peterson will make a suitable director of the Company due to his long-standing familiarity with the Company and its operations and vast experience in the shipping industry.
Declared Dividend • Aug 18Second quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 2nd September 2025 Payment date: 15th September 2025 Dividend yield will be 6.8%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control. EPS is expected to grow by 119% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 10Second quarter 2025 earnings released: US$0.043 loss per share (vs US$0.081 profit in 2Q 2024)Second quarter 2025 results: US$0.043 loss per share (down from US$0.081 profit in 2Q 2024). Revenue: US$156.7m (up 19% from 2Q 2024). Net loss: US$2.74m (down 175% from profit in 2Q 2024). Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
공시 • Aug 08+ 1 more updatePangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) acquired 49% stake in Seamar Management S.A. for $2.7 million.Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) acquired 49% stake in Seamar Management S.A. for $2.7 million on July 31, 2025. A cash consideration of $2.7 million will be paid by Pangaea Logistics Solutions, Ltd. As part of consideration, $2.7 million is paid towards common equity of Seamar Management S.A. Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) completed the acquisition of 49% stake in Seamar Management S.A. for $2.7 million on July 31, 2025.
공시 • Aug 05Pangaea Logistics Solutions, Ltd. to Report Q2, 2025 Results on Aug 07, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025
공시 • May 13+ 1 more updatePangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on June 16, 2025The Board of Directors of Pangaea Logistics Solutions, Ltd. declared a quarterly cash dividend of $0.05 per common share, to be paid on June 16, 2025 to all shareholders of record as of June 2, 2025.
공시 • May 06Pangaea Logistics Solutions, Ltd. to Report Q1, 2025 Results on May 12, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2025 results After-Market on May 12, 2025
공시 • Mar 31Pangaea Logistics Solutions, Ltd., Annual General Meeting, May 08, 2025Pangaea Logistics Solutions, Ltd., Annual General Meeting, May 08, 2025. Location: at 109 long wharf, ri 02840, newport, United States
공시 • Mar 20Pangaea Logistics Solutions, Ltd. announced delayed annual 10-K filingOn 03/18/2025, Pangaea Logistics Solutions, Ltd. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Reported Earnings • Mar 16Full year 2024 earnings released: EPS: US$0.64 (vs US$0.59 in FY 2023)Full year 2024 results: EPS: US$0.64 (up from US$0.59 in FY 2023). Revenue: US$536.5m (up 7.5% from FY 2023). Net income: US$28.9m (up 9.8% from FY 2023). Profit margin: 5.4% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
공시 • Mar 04Pangaea Logistics Solutions, Ltd. to Report Q4, 2024 Results on Mar 13, 2025Pangaea Logistics Solutions, Ltd. announced that they will report Q4, 2024 results After-Market on Mar 13, 2025
Declared Dividend • Feb 24Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 28th February 2025 Payment date: 14th March 2025 Dividend yield will be 7.7%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (207% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 14Pangaea Logistics Solutions Ltd. Announces Quarterly Cash Dividend, Payable on March 14, 2025Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 14, 2025 to all shareholders of record as of February 28, 2025.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin).
New Risk • Jan 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 40% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (207% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin). Shareholders have been diluted in the past year (40% increase in shares outstanding).
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin).
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €5.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Shipping industry in Europe. Total returns to shareholders of 103% over the past three years.
Declared Dividend • Nov 18Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 6.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Nov 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 8.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin).
Reported Earnings • Nov 13Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.42 in 3Q 2023)Third quarter 2024 results: EPS: US$0.11 (down from US$0.42 in 3Q 2023). Revenue: US$153.1m (up 13% from 3Q 2023). Net income: US$5.11m (down 73% from 3Q 2023). Profit margin: 3.3% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
공시 • Nov 13Pangaea Logistics Solutions, Ltd. Declares A Quarterly Cash Dividend, Payable on December 13, 2024On November 8, 2024, Pangaea Logistics Solutions, Ltd.'s Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 13, 2024, to all shareholders of record as of November 29, 2024.
공시 • Nov 06Pangaea Logistics Solutions, Ltd. to Report Q3, 2024 Results on Nov 12, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024
공시 • Oct 09Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) agreed to acquire remaining 50% stake in Nordic Bulk Partners LLC from HS Nordic LLC for $17.2 million.Pangaea Logistics Solutions, Ltd. (NasdaqCM:PANL) agreed to acquire remaining 50% stake in Nordic Bulk Partners LLC from HS Nordic LLC for $17.2 million on October 7, 2024. A cash consideration of $17.2 million will be paid by Pangaea Logistics Solutions, Ltd. As part of consideration, $17.2 million is paid towards common equity of Nordic Bulk Partners LLC. Upon completion, Pangaea Logistics Solutions, Ltd. will own 100% stake in Nordic Bulk Partners LLC. The transaction is subject to customary closing terms and conditions. The transaction is expected to be completed by November 1, 2024.
Buy Or Sell Opportunity • Sep 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to €5.55. The fair value is estimated to be €6.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 9.6% in a year. Earnings are forecast to grow by 26% in the next year.
Declared Dividend • Aug 19Second quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 6.6%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: US$0.081 (vs US$0.064 in 2Q 2023)Second quarter 2024 results: EPS: US$0.081 (up from US$0.064 in 2Q 2023). Revenue: US$131.5m (up 11% from 2Q 2023). Net income: US$3.68m (up 30% from 2Q 2023). Profit margin: 2.8% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
공시 • Aug 09Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 16, 2024Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on September 16, 2024, to all shareholders of record as of September 2, 2024.
공시 • Aug 01Pangaea Logistics Solutions, Ltd. to Report Q2, 2024 Results on Aug 08, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024
공시 • Jun 26Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 08, 2024Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 08, 2024. Location: 109 long wharf, ri 02840, newport United States
Declared Dividend • May 20First quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 30th May 2024 Payment date: 13th June 2024 Dividend yield will be 5.3%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • May 11Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on June 13, 2024Pangaea Logistics Solutions, Ltd.'s Board of Directors declared a quarterly cash dividend of $0.10 per common share, payable on June 13, 2024, to all shareholders of record as of May 30, 2024.
Reported Earnings • May 11First quarter 2024 earnings released: EPS: US$0.26 (vs US$0.078 in 1Q 2023)First quarter 2024 results: EPS: US$0.26 (up from US$0.078 in 1Q 2023). Revenue: US$104.7m (down 7.9% from 1Q 2023). Net income: US$11.7m (up 236% from 1Q 2023). Profit margin: 11% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.
공시 • May 03Pangaea Logistics Solutions, Ltd. to Report Q1, 2024 Results on May 09, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2024 results After-Market on May 09, 2024
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €6.15, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 184% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.00 per share.
공시 • Mar 16Pangaea Logistics Solutions, Ltd. has filed a Follow-on Equity Offering in the amount of $25 million.Pangaea Logistics Solutions, Ltd. has filed a Follow-on Equity Offering in the amount of $25 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Reported Earnings • Mar 15Full year 2023 earnings released: EPS: US$0.59 (vs US$1.79 in FY 2022)Full year 2023 results: EPS: US$0.59 (down from US$1.79 in FY 2022). Revenue: US$499.3m (down 29% from FY 2022). Net income: US$26.3m (down 67% from FY 2022). Profit margin: 5.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 09Pangaea Logistics Solutions, Ltd. to Report Q4, 2023 Results on Mar 13, 2024Pangaea Logistics Solutions, Ltd. announced that they will report Q4, 2023 results After-Market on Mar 13, 2024
Declared Dividend • Feb 26Third quarter dividend of US$0.10 announcedShareholders will receive a dividend of US$0.10. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 16Pangaea Logistics Solutions Ltd. Declares Quarterly Cash Dividend, Payable on March 15, 2024Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 15, 2024 to all shareholders of record as of March 1, 2024.
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €8.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 327% over the past three years.
Upcoming Dividend • Nov 24Upcoming dividend of US$0.10 per share at 5.7% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 44% and the cash payout ratio is 94%. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (21%).
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 230% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.77 per share.
New Risk • Nov 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio).
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: US$0.42 (vs US$0.42 in 3Q 2022)Third quarter 2023 results: EPS: US$0.42. Revenue: US$135.6m (down 27% from 3Q 2022). Net income: US$18.9m (flat on 3Q 2022). Profit margin: 14% (up from 10% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 4.0% decline forecast for the Shipping industry in Europe.
공시 • Nov 09Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2023Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 15, 2023, to all shareholders of record as of December 1, 2023.
공시 • Oct 31Pangaea Logistics Solutions, Ltd. to Report Q3, 2023 Results on Nov 08, 2023Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023
Upcoming Dividend • Aug 24Upcoming dividend of US$0.10 per share at 7.0% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (18%).
New Risk • Aug 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change).
Buying Opportunity • Aug 11Now 28% undervalued after recent price dropOver the last 90 days, the stock is down 1.8%. The fair value is estimated to be €7.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to decline by 6.6% in a year. Earnings is forecast to decline by 33% in the next year.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: US$0.064 (vs US$0.56 in 2Q 2022)Second quarter 2023 results: EPS: US$0.064 (down from US$0.56 in 2Q 2022). Revenue: US$118.1m (down 40% from 2Q 2022). Net income: US$2.84m (down 89% from 2Q 2022). Profit margin: 2.4% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.6% p.a. on average during the next 2 years compared to a 7.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year whereas the company’s share price has increased by 46% per year.
공시 • Aug 10Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 15, 2023Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on September 15, 2023, to all shareholders of record as of September 1, 2023.
공시 • Jul 29Pangaea Logistics Solutions, Ltd. to Report Q2, 2023 Results on Aug 09, 2023Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023
공시 • Jun 24Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 07, 2023Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 07, 2023, at 14:00 US Eastern Standard Time. Location: Office at 109 Long Wharf, Newport, RI 02840 Newport United States Agenda: To elect two directors to the Board of Directors as Class III directors serving until the annual meeting of shareholders to be held in 2026; to ratify the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year 2023; to approve, on an advisory, non-binding basis, the compensation of named executive officers; to recommend, on a non-binding basis, the frequency of future advisory votes on compensation of named executive officers; and to consider other business matters.
공시 • Jun 02Pangaea Logistics Solutions, Ltd. acquired Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. for $7.2 million.Pangaea Logistics Solutions, Ltd. entered into a definitive agreement to acquire Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. for $7.2 million on March 24, 2023. The transaction is expected to close during the second quarter of 2023. The transaction is subject to regulatory review and customary closing conditions. Pangaea Logistics Solutions, Ltd. completed the acquisition of Marine port terminal operations in Port Everglades/Ft. Lauderdale and Port of Palm Beach, Florida from Host Terminals, Inc. on June 1, 2023.
Upcoming Dividend • May 24Upcoming dividend of US$0.10 per share at 6.8% yieldEligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 6.8%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (18%).
Reported Earnings • May 12First quarter 2023 earnings released: EPS: US$0.078 (vs US$0.45 in 1Q 2022)First quarter 2023 results: EPS: US$0.078 (down from US$0.45 in 1Q 2022). Revenue: US$113.7m (down 41% from 1Q 2022). Net income: US$3.47m (down 83% from 1Q 2022). Profit margin: 3.1% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 2.1% p.a. on average during the next 2 years compared to a 5.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
공시 • May 12Pangaea Logistics Solutions, Ltd. Declares Quarterly Dividend, Payable on June 15, 2023Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on June 15, 2023, to all shareholders of record as of June 1, 2023.
공시 • May 04Pangaea Logistics Solutions, Ltd. to Report Q1, 2023 Results on May 10, 2023Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 10, 2023
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €5.65, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.21 per share.
Buying Opportunity • Apr 04Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €6.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to decline by 18% in 2 years. Earnings is forecast to decline by 51% in the next 2 years.
Reported Earnings • Mar 16Full year 2022 earnings released: EPS: US$1.79 (vs US$1.53 in FY 2021)Full year 2022 results: EPS: US$1.79 (up from US$1.53 in FY 2021). Revenue: US$699.7m (down 2.6% from FY 2021). Net income: US$79.5m (up 18% from FY 2021). Profit margin: 11% (up from 9.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €6.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 215% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.82 per share.
Upcoming Dividend • Feb 21Upcoming dividend of US$0.10 per share at 6.5% yieldEligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (14%).
공시 • Feb 16Pangaea Logistics Solutions, Ltd. Announces Quarterly Cash Dividend, Payable on March 15, 2023Pangaea Logistics Solutions Ltd. announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per common share to be paid on March 15, 2023 to all shareholders of record as of March 1, 2023.
Upcoming Dividend • Nov 23Upcoming dividend of US$0.10 per shareEligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (12%).
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Karen Beachy was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: US$0.42 (vs US$0.61 in 3Q 2021)Third quarter 2022 results: EPS: US$0.42 (down from US$0.61 in 3Q 2021). Revenue: US$184.5m (down 13% from 3Q 2021). Net income: US$18.8m (down 30% from 3Q 2021). Profit margin: 10% (down from 13% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
공시 • Nov 10Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on December 15, 2022Pangaea Logistics Solutions, Ltd. Board of Directors declared a quarterly cash dividend of $0.10 per common share, to be paid on December 15, 2022, to all shareholders of record as of December 1, 2022.
공시 • Nov 03Pangaea Logistics Solutions, Ltd. to Report Q3, 2022 Results on Nov 09, 2022Pangaea Logistics Solutions, Ltd. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 09, 2022
Upcoming Dividend • Aug 24Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 9.9% but the company is paying out more than the cash it is generating. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (10%).
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.44 in 2Q 2021)Second quarter 2022 results: EPS: US$0.56 (up from US$0.44 in 2Q 2021). Revenue: US$195.5m (up 34% from 2Q 2021). Net income: US$25.0m (up 30% from 2Q 2021). Profit margin: 13% (in line with 2Q 2021). Over the next year, revenue is expected to shrink by 12% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
공시 • Aug 10Pangaea Logistics Solutions, Ltd. Declares Quarterly Cash Dividend, Payable on September 15, 2022Pangaea Logistics Solutions, Ltd. declared quarterly cash dividend of $0.075 per common share, to be paid on September 15, 2022, to all shareholders of record as of September 1, 2022.
공시 • Jul 28Pangaea Logistics Solutions, Ltd. to Report Q2, 2022 Results on Aug 09, 2022Pangaea Logistics Solutions, Ltd. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022
공시 • Jun 23Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 05, 2022Pangaea Logistics Solutions, Ltd., Annual General Meeting, Aug 05, 2022, at 14:00 US Eastern Standard Time. Location: 109 Long Wharf Newport Rhode Island United States Agenda: To elect two directors to company Board of Directors as Class II directors serving until the annual meeting of shareholders to be held in 2025; to elect one director to company Board of Director as Class III director serving until the annual meeting of shareholders to be held in 2023; to approve the amendment of the PANGAEA LOGISTICS SOLUTIONS LTD. 2014 SHARE INCENTIVE PLAN (as amended and restated by the Board of Directors on May 6, 2022), the "2022 Amended Plan"; to approve the amendment of the company's Bye-laws to adopt gender-inclusive language; and to transact such other business as may properly come before the meeting or any adjournment thereof.
Upcoming Dividend • May 24Upcoming dividend of US$0.075 per shareEligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 8.4% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.3%). Lower than average of industry peers (8.2%).
Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to €5.35, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.59 per share.
Reported Earnings • May 12First quarter 2022 earnings released: EPS: US$0.45 (vs US$0.13 in 1Q 2021)First quarter 2022 results: EPS: US$0.45 (up from US$0.13 in 1Q 2021). Revenue: US$191.8m (up 53% from 1Q 2021). Net income: US$20.2m (up 244% from 1Q 2021). Profit margin: 11% (up from 4.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
공시 • May 12+ 1 more updatePangaea Logistics Solutions, Ltd. Reports Impairment of Vessels for the Three Months Ended March 31, 2022Pangaea Logistics Solutions, Ltd. reported impairment of vessels for the three months ended March 31, 2022. For the quarter, the company reported loss on impairment of vessels was $3,007,809.
공시 • May 04Pangaea Logistics Solutions, Ltd. to Report Q1, 2022 Results on May 10, 2022Pangaea Logistics Solutions, Ltd. announced that they will report Q1, 2022 results After-Market on May 10, 2022
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Director Karen Beachy was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.