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Market Cap

HK$14.1b

Last Updated

2021/05/07 10:25 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


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

Stable Share Price: 2343 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 2343's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

6.6%

2343

11.2%

HK Shipping

-0.7%

HK Market


1 Year Return

203.1%

2343

416.6%

HK Shipping

25.7%

HK Market

Return vs Industry: 2343 underperformed the Hong Kong Shipping industry which returned 437.4% over the past year.

Return vs Market: 2343 exceeded the Hong Kong Market which returned 27.5% over the past year.


Shareholder returns

2343IndustryMarket
7 Day6.6%11.2%-0.7%
30 Day33.5%10.5%-1.6%
90 Day106.4%101.0%-2.9%
1 Year203.1%203.1%431.6%416.6%30.6%25.7%
3 Year47.1%39.2%241.0%197.8%3.5%-7.5%
5 Year235.6%131.0%467.1%401.9%62.2%34.7%

Long-Term 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

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

Below Fair Value: 2343 (HK$2.91) is trading below our estimate of fair value (HK$7.77)

Significantly Below Fair Value: 2343 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2343 is unprofitable, so we can't compare its PE Ratio to the HK Shipping industry average.

PE vs Market: 2343 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2343's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2343's PB Ratio (1.7x) is in line with the HK Shipping industry average.


Future Growth

How is Pacific Basin Shipping forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

71.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2343 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 2343 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 2343's is expected to become profitable in the next 3 years.

Revenue vs Market: 2343's revenue (14% per year) is forecast to grow faster than the Hong Kong market (12.6% per year).

High Growth Revenue: 2343's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2343's Return on Equity is forecast to be low in 3 years time (14.3%).


Past Performance

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

-17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2343 is currently unprofitable.

Growing Profit Margin: 2343 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2343 is unprofitable, and losses have increased over the past 5 years at a rate of 17.4% per year.

Accelerating Growth: Unable to compare 2343's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2343 is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (51.4%).


Return on Equity

High ROE: 2343 has a negative Return on Equity (-19.56%), as it is currently unprofitable.


Financial Health

How is Pacific Basin Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: 2343's short term assets ($424.2M) exceed its short term liabilities ($285.3M).

Long Term Liabilities: 2343's short term assets ($424.2M) do not cover its long term liabilities ($839.7M).


Debt to Equity History and Analysis

Debt Level: 2343's debt to equity ratio (81.9%) is considered high.

Reducing Debt: 2343's debt to equity ratio has reduced from 89.8% to 81.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 2343 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 2343 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.5% per year.


Dividend

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

6.33%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2343's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2343's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2343's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2343's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2343 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2343's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Mats Henrik Berglund (57 yo)

8.92yrs

Tenure

US$1,819,000

Compensation

Mr. Mats Henrik Berglund has been the Chief Executive Officer of Pacific Basin Shipping Ltd. since June 1, 2012. He serves as an Independent Director at Ardmore Shipping Corporation since September 27, 201...


CEO Compensation Analysis

Compensation vs Market: Mats Henrik's total compensation ($USD1.82M) is above average for companies of similar size in the Hong Kong market ($USD620.46K).

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


Leadership Team

Experienced Management: 2343's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: 2343's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 2343 insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Pacific Basin Shipping Limited
  • Ticker: 2343
  • Exchange: SEHK
  • Founded: 1987
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: HK$14.096b
  • Shares outstanding: 4.81b
  • Website: https://www.pacificbasin.com

Number of Employees


Location

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

Listings


Biography

Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. As of February 29, 2020, the company had a fleet of 235 ships, including 133 Handysize vessels,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 10:25
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.