DB:OYD

Stock Analysis Report

Pacific Basin Shipping

Executive Summary

Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide.

Snowflake

Fundamentals

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has Pacific Basin Shipping's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.4%

OYD

-0.8%

DE Shipping

1.4%

DE Market


1 Year Return

2.2%

OYD

7.8%

DE Shipping

3.7%

DE Market

Return vs Industry: OYD underperformed the German Shipping industry which returned 7.8% over the past year.

Return vs Market: OYD underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

OYDIndustryMarket
7 Day3.4%-0.8%1.4%
30 Day-3.1%-0.2%1.3%
90 Day2.2%9.8%3.4%
1 Year4.7%2.2%16.8%7.8%7.0%3.7%
3 Year32.4%27.6%19.1%3.9%18.5%8.3%
5 Year-26.6%-49.5%6.7%-19.6%42.2%22.9%

Price Volatility Vs. Market

How volatile is Pacific Basin Shipping's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Pacific Basin Shipping undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: OYD (€0.19) is trading below our estimate of fair value (€0.57)

Significantly Undervalued: OYD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OYD is poor value based on its PE Ratio (19.4x) compared to the Shipping industry average (11.2x).

PE vs Market: OYD is poor value based on its PE Ratio (19.4x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: OYD is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: OYD is overvalued based on its PB Ratio (0.8x) compared to the XE Shipping industry average (0.7x).


Next Steps

Future Growth

How is Pacific Basin Shipping forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

55.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OYD's forecast earnings growth (55.7% per year) is above the savings rate (0.2%).

Earnings vs Market: OYD's earnings (55.7% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OYD's revenue (8.5% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: OYD's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: OYD's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has Pacific Basin Shipping performed over the past 5 years?

63.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OYD has become profitable over the past 5 years, growing earnings by 63.5% per year.

Accelerating Growth: OYD's earnings growth over the past year (7.4%) is below its 5-year average (63.5% per year).

Earnings vs Industry: OYD earnings growth over the past year (7.4%) exceeded the Shipping industry -1%.


Return on Equity

High ROE: OYD's Return on Equity (4%) is considered low.


Return on Assets

ROA vs Industry: OYD's Return on Assets is below or equal to the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: OYD's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Pacific Basin Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: OYD's short term assets ($513.0M) exceeds its short term liabilities ($431.2M)

Long Term Liabilities: OYD's short term assets (513.0M) do not cover its long term liabilities (860.9M)


Debt to Equity History and Analysis

Debt Level: OYD's debt to equity ratio (81%) is considered high

Reducing Debt: OYD's debt to equity ratio has increased from 79.5% to 81% over the past 5 years.

Debt Coverage: OYD's debt is well covered by operating cash flow (21%).

Interest Coverage: OYD's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet

Inventory Level: OYD has a high level of physical assets or inventory.

Debt Coverage by Assets: OYD's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is Pacific Basin Shipping's current dividend yield, its reliability and sustainability?

4.44%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage2.6%forecastin3Years4.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate OYD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate OYD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if OYD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OYD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OYD is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OYD's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Pacific Basin Shipping's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Mats Berglund (56yo)

7.3yrs

Tenure

US$2,144,000

Compensation

Mr. Mats Henrik Berglund has been the Chief Executive Officer of Pacific Basin Shipping Ltd. since June 1, 2012. Mr. Berglund is working as a Board of Director at Ardmore Shipping Corp from September 27, 2 ...


CEO Compensation Analysis

Compensation vs. Market: Mats's total compensation ($USD2.14M) is about average for companies of similar size in the German market ($USD1.17M).

Compensation vs Earnings: Mats's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.0yrs

Average Tenure

62yo

Average Age

Experienced Management: OYD's management team is seasoned and experienced (5 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

63yo

Average Age

Experienced Board: OYD's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$153,45614 Aug 19
Citigroup Inc.,Banking and Securities Investments
EntityCompany
Shares900,000
Max PriceUS$0.17
BuyUS$106,47407 Aug 19
Citigroup Inc.,Banking and Securities Investments
EntityCompany
Shares586,000
Max PriceUS$0.18
SellUS$849,81207 Aug 19
Standard Life Aberdeen plc
EntityCompany
Shares5,000,000
Max PriceUS$0.17
BuyUS$171,55322 May 19
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares1,029,495
Max PriceUS$0.17
BuyUS$97,98322 May 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares588,000
Max PriceUS$0.17
SellUS$97,98322 May 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares588,000
Max PriceUS$0.17
SellUS$5,497,99421 May 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares32,640,874
Max PriceUS$0.17
SellUS$200,92017 Apr 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares1,062,093
Max PriceUS$0.19
SellUS$6,152,50317 Apr 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares32,523,042
Max PriceUS$0.19
BuyUS$6,030,88316 Apr 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares32,669,915
Max PriceUS$0.18
BuyUS$758,49202 Apr 19
Invesco Ltd.
EntityCompany
Shares3,986,000
Max PriceUS$0.19
SellUS$74,23815 Mar 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares398,752
Max PriceUS$0.19
BuyUS$453,57201 Mar 19
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares2,305,200
Max PriceUS$0.20
SellUS$260,37028 Feb 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares1,291,295
Max PriceUS$0.20
SellUS$640,86218 Feb 19
Standard Life Aberdeen plc
EntityCompany
Shares3,500,000
Max PriceUS$0.18
BuyUS$750,84014 Feb 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares4,202,074
Max PriceUS$0.18
BuyUS$498,92431 Jan 19
Standard Life Aberdeen plc
EntityCompany
Shares3,000,000
Max PriceUS$0.17
SellUS$462,25816 Jan 19
Standard Life Aberdeen plc
EntityCompany
Shares2,700,000
Max PriceUS$0.17
SellUS$702,26915 Jan 19
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares4,104,239
Max PriceUS$0.17
SellUS$21,965,10826 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares125,608,035
Max PriceUS$0.17
BuyUS$16,400,37024 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares90,938,335
Max PriceUS$0.18
BuyUS$1,402,55614 Dec 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares7,121,177
Max PriceUS$0.20
SellUS$208,68707 Dec 18
Mats Berglund
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares1,000,000
Max PriceUS$0.21
SellUS$1,983,58206 Nov 18
Standard Life Aberdeen plc
EntityCompany
Shares9,445,000
Max PriceUS$0.21
SellUS$127,16331 Oct 18
JPMorgan Chase & Co, Private Banking and Investment Banking Investments
EntityCompany
Shares661,000
Max PriceUS$0.19
BuyUS$14,61330 Oct 18
JPMorgan Chase & Co, Brokerage and Securities Investments
EntityCompany
Shares76,000
Max PriceUS$0.19
BuyUS$656,43825 Oct 18
J.P. Morgan Asset Management, Inc.
EntityCompany
Shares3,324,000
Max PriceUS$0.20

Ownership Breakdown


Management Team

  • David Turnbull (64yo)

    Executive Chairman

    • Tenure: 11.8yrs
    • Compensation: US$723.00k
  • P. Subbiah

    Director of Human Resources & Administration

    • Tenure: 0yrs
  • Ben Lee (64yo)

    President of Pacific Basin Shipping Consulting Ltd - Shanghai

    • Tenure: 15.1yrs
  • Suresh Prabhakar (62yo)

    Director of Operations

    • Tenure: 0yrs
  • Mats Berglund (56yo)

    CEO & Executive Director

    • Tenure: 7.3yrs
    • Compensation: US$2.14m
  • Vergara Hernan

    Chief Engineer Columbia River

    • Tenure: 0yrs
  • Peter Schulz (46yo)

    CFO & Executive Director

    • Tenure: 1.3yrs
    • Compensation: US$1.22m
  • Daigoro Oyama

    Director of Sale & Purchase

    • Tenure: 2.8yrs
  • Vivien Shum

    Director of Insurance & Legal

    • Tenure: 0yrs
  • Emily Lau

    General Manager of Investor Relations

    • Tenure: 2.8yrs

Board Members

  • Alasdair George Morrison (71yo)

    Independent Non-Executive Director

    • Tenure: 11.8yrs
    • Compensation: US$89.00k
  • Patrick Blackwell Paul (72yo)

    Independent Non-Executive Director

    • Tenure: 15.6yrs
    • Compensation: US$102.00k
  • David Turnbull (64yo)

    Executive Chairman

    • Tenure: 11.8yrs
    • Compensation: US$723.00k
  • Robert Charles Nicholson (64yo)

    Independent Non-Executive Director

    • Tenure: 15.6yrs
    • Compensation: US$96.00k
  • Daniel Bradshaw (72yo)

    Independent Non-Executive Director

    • Tenure: 13.5yrs
    • Compensation: US$89.00k
  • Kirsi Kyllikki Tikka (62yo)

    Independent Non-Executive Director

    • Tenure: 0.08yrs
  • Irene Basili (52yo)

    Independent Non-Executive Director

    • Tenure: 5.4yrs
    • Compensation: US$95.00k
  • Mats Berglund (56yo)

    CEO & Executive Director

    • Tenure: 7.3yrs
    • Compensation: US$2.14m
  • Stan Ryan (58yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: US$100.00k
  • Peter Schulz (46yo)

    CFO & Executive Director

    • Tenure: 1.3yrs
    • Compensation: US$1.22m

Company Information

Pacific Basin Shipping Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Basin Shipping Limited
  • Ticker: OYD
  • Exchange: DB
  • Founded: 1987
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: HK$7.875b
  • Listing Market Cap: HK$901.428m
  • Shares outstanding: 4.66b
  • Website: https://www.pacificbasin.com

Number of Employees


Location

  • Pacific Basin Shipping Limited
  • One Island South
  • 31st Floor
  • Wong Chuk Hang
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCFB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2004
2343SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2004
OYDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2004
2343SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2004
2343SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2004
PCFB.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDNov 2008

Biography

Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. As of September 30, 2019, the company had a fleet of 240 ships, including 141 Handysize vessels ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 20:33
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.