Pacific Basin Shipping Limited

SEHK:2343 Stock Report

Mkt Cap: HK$12.1b

We’ve recently updated our valuation analysis.

Pacific Basin Shipping Valuation

Is 2343 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2343?

Other financial metrics that can be useful for relative valuation.

2343 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA1.8x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

How does 2343's PE Ratio compare to its peers?

The above table shows the PE ratio for 2343 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average1.9x
1308 SITC International Holdings
2.4x-20.9%HK$36.4b
316 Orient Overseas (International)
0.8x-64.5%HK$63.3b
2409 Seacon Shipping Group Holdings
3.4xn/aHK$1.5b
1919 COSCO SHIPPING Holdings
1.2x-73.5%HK$171.4b
2343 Pacific Basin Shipping
2.2x-15.3%HK$12.1b

Price-To-Earnings vs Peers: 2343 is expensive based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (1.9x).


Price to Earnings Ratio vs Industry

How does 2343's PE Ratio compare vs other companies in the Asian Shipping Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-62.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-62.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 2343 is good value based on its Price-To-Earnings Ratio (2.2x) compared to the Asian Shipping industry average (6.9x)


Price to Earnings Ratio vs Fair Ratio

What is 2343's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2343 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.2x
Fair PE Ratio2.5x

Price-To-Earnings vs Fair Ratio: 2343 is good value based on its Price-To-Earnings Ratio (2.2x) compared to the estimated Fair Price-To-Earnings Ratio (2.5x).


Share Price vs Fair Value

What is the Fair Price of 2343 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2343 (HK$2.3) is trading below our estimate of fair value (HK$9.1)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2343 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$2.30
HK$3.65
+58.8%
12.9%HK$4.59HK$3.10n/a9
May ’24HK$2.72
HK$3.69
+35.6%
12.0%HK$4.60HK$3.20n/a9
Apr ’24HK$3.03
HK$3.56
+17.5%
15.6%HK$4.75HK$2.70n/a9
Mar ’24HK$3.11
HK$3.56
+14.5%
15.6%HK$4.75HK$2.70n/a9
Feb ’24HK$2.94
HK$3.55
+20.9%
19.6%HK$5.18HK$2.72n/a9
Jan ’24HK$2.64
HK$4.16
+57.6%
28.9%HK$6.20HK$2.71n/a9
Dec ’23HK$2.65
HK$4.26
+60.8%
26.0%HK$6.18HK$2.92n/a9
Nov ’23HK$2.02
HK$4.40
+117.8%
25.1%HK$6.20HK$3.30n/a9
Oct ’23HK$2.44
HK$5.75
+135.7%
12.0%HK$7.00HK$4.50n/a9
Sep ’23HK$2.69
HK$5.82
+116.5%
12.8%HK$7.00HK$4.50n/a9
Aug ’23HK$3.60
HK$5.82
+61.8%
12.8%HK$7.00HK$4.50n/a9
Jul ’23HK$3.00
HK$5.80
+93.4%
16.2%HK$7.01HK$3.75n/a9
Jun ’23HK$4.10
HK$5.90
+44.0%
16.1%HK$7.01HK$3.75HK$2.198
May ’23HK$3.66
HK$5.82
+58.9%
17.0%HK$7.01HK$3.75HK$2.727
Apr ’23HK$4.47
HK$5.86
+31.2%
11.4%HK$6.71HK$4.75HK$3.038
Mar ’23HK$4.28
HK$5.82
+35.9%
12.3%HK$6.71HK$4.66HK$3.118
Feb ’23HK$3.30
HK$5.61
+69.9%
13.3%HK$6.66HK$4.50HK$2.948
Jan ’23HK$2.86
HK$5.67
+98.1%
13.8%HK$6.67HK$4.51HK$2.648
Dec ’22HK$2.89
HK$5.62
+94.6%
13.6%HK$6.66HK$4.50HK$2.658
Nov ’22HK$3.46
HK$5.78
+66.9%
11.7%HK$6.65HK$4.60HK$2.027
Oct ’22HK$3.62
HK$5.17
+42.7%
14.2%HK$6.20HK$4.15HK$2.447
Sep ’22HK$4.11
HK$4.89
+18.9%
13.5%HK$5.70HK$4.16HK$2.697
Aug ’22HK$3.46
HK$4.78
+38.1%
12.1%HK$5.68HK$4.15HK$3.607
Jul ’22HK$3.13
HK$3.65
+16.6%
18.6%HK$5.00HK$2.64HK$3.007
Jun ’22HK$2.90
HK$3.39
+17.1%
11.9%HK$4.10HK$2.64HK$4.107

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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