Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. More Details
Adequate balance sheet with reasonable growth potential.
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.
7 Day Return
1 Year Return
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.
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
1 day ago | Simply Wall StIf You Had Bought Pacific Basin Shipping (HKG:2343) Shares A Year Ago You'd Have Earned 212% Returns
3 weeks ago | Simply Wall StInvestors Will Want Pacific Basin Shipping's (HKG:2343) Growth In ROCE To Persist
1 month ago | Simply Wall StPacific Basin Shipping (HKG:2343) Has A Somewhat Strained Balance Sheet
Is Pacific Basin Shipping undervalued compared to its fair value and its price relative to the market?
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.
How is Pacific Basin Shipping forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
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%).
How has Pacific Basin Shipping performed over the past 5 years?
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.
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.
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.
What is Pacific Basin Shipping current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mats Henrik Berglund (57 yo)
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.
Experienced Management: 2343's management team is seasoned and experienced (6.6 years average tenure).
Experienced Board: 2343's board of directors are considered experienced (8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pacific Basin Shipping Limited's company bio, employee growth, exchange listings and data sources
- 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
- Pacific Basin Shipping Limited
- One Island South
- 31st Floor
- Wong Chuk Hang
- Hong Kong
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/07 10:25|
|End of Day Share Price||2021/05/07 00:00|
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.