Pacific Basin Shipping (SZSC:2343) - Stock Price, News & Analysis

2343 Stock Overview

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide.

About the company

2343 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 69.2% below our estimate of its fair value

Earnings are forecast to grow 22.22% per year

Risk Analysis

Unstable dividend track record

Profit margins (4.8%) are lower than last year (21.4%)

Pacific Basin Shipping Limited Competitors

SITC International Holdings

SEHK:1308

HK$45.7b

LC Logistics

SEHK:2490

HK$3.7b

Orient Overseas (International)

SEHK:316

HK$75.5b

Xin Yuan Enterprises Group

SEHK:1748

HK$1.7b

Price History & Performance

Summary of all time highs, changes and price drops for Pacific Basin Shipping
Historical stock prices
Current Share Price	HK$2.72
52 Week High	HK$2.80
52 Week Low	HK$1.98
Beta	1.55
1 Month Change	20.35%
3 Month Change	25.35%
1 Year Change	-0.73%
3 Year Change	-9.03%
5 Year Change	80.13%
Change since IPO	48.63%

Recent updates

Shareholder Returns

	2343	HK Shipping	HK Market
7D	0.4%	5.4%	5.1%
1Y	-0.7%	-4.6%	-8.7%

Return vs Industry: 2343 exceeded the Hong Kong Shipping industry which returned -4.6% over the past year.

Return vs Market: 2343 exceeded the Hong Kong Market which returned -8.7% over the past year.

Price Volatility

Is 2343's price volatile compared to industry and market?
2343 volatility
2343 Average Weekly Movement	6.1%
Shipping Industry Average Movement	6.3%
Market Average Movement	7.4%
10% most volatile stocks in HK Market	14.8%
10% least volatile stocks in HK Market	3.6%

Stable Share Price: 2343 has not had significant price volatility in the past 3 months.

Volatility Over Time: 2343's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	5,489	Martin Fruergaard	www.pacificbasin.com

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap. It also offers shipping consulting, crewing, secretarial, and ship agency and management services.

Pacific Basin Shipping Limited Fundamentals Summary

How do Pacific Basin Shipping's earnings and revenue compare to its market cap?
2343 fundamental statistics
Market cap	HK$14.32b
Earnings (TTM)	HK$855.44m
Revenue (TTM)	HK$17.96b

16.7x

P/E Ratio

0.8x

P/S Ratio

Is 2343 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2343 income statement (TTM)
Revenue	US$2.30b
Cost of Revenue	US$2.17b
Gross Profit	US$130.95m
Other Expenses	US$21.57m
Earnings	US$109.38m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Aug 08, 2024

Earnings per share (EPS)	0.021
Gross Margin	5.70%
Net Profit Margin	4.76%
Debt/Equity Ratio	16.7%

How did 2343 perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

48%

Payout Ratio

2343 Stock Overview

Rewards

Risk Analysis

Pacific Basin Shipping Limited Competitors

SEHK:1308

HK$45.7b

SEHK:2490

HK$3.7b

SEHK:316

HK$75.5b

SEHK:1748

HK$1.7b

Price History & Performance

Recent News & Updates

Investor sentiment improves as stock rises 15%

Upcoming dividend of HK$0.057 per share

Final dividend of HK$0.057 announced

Full year 2023 earnings released: EPS: US$0.021 (vs US$0.14 in FY 2022)

Pacific Basin Shipping Limited to Report Q2, 2024 Results on Aug 01, 2024

Pacific Basin Shipping Limited Announces Board Changes

Recent updates

Investor sentiment improves as stock rises 15%

Upcoming dividend of HK$0.057 per share

Final dividend of HK$0.057 announced

Full year 2023 earnings released: EPS: US$0.021 (vs US$0.14 in FY 2022)

Pacific Basin Shipping Limited to Report Q2, 2024 Results on Aug 01, 2024

Pacific Basin Shipping Limited Announces Board Changes

Pacific Basin Shipping Limited Announces Executive Change

New major risk - Revenue and earnings growth

CEO & Executive Director recently bought HK$510k worth of stock

Upcoming dividend of HK$0.065 per share at 35% yield

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: US$0.016 (vs US$0.095 in 1H 2022)

Pacific Basin Shipping Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on August 25, 2023

Pacific Basin Shipping Limited Appoints Michael Tonnes Jorgensen as Member of Executive Committee

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of HK$1.07 per share at 24% yield

CFO & Executive Director recently sold HK$3.2m worth of stock

Chairman recently sold HK$340k worth of stock

Investor sentiment improves as stock rises 18%

Full year 2022 earnings released: EPS: US$0.14 (vs US$0.18 in FY 2021)

Pacific Basin Shipping Limited Announces the Resignation of Peter Schulz as Executive Director and Member of the Executive Committee

Chairman recently sold HK$653k worth of stock

Pacific Basin Shipping Limited, Annual General Meeting, Apr 18, 2023

Pacific Basin Shipping Limited Appoints Stanley Hutter Ryan as Chairman of the Board, Effective April 18, 2023

Chairman recently sold HK$2.9m worth of stock

Chairman recently sold HK$1.4m worth of stock

Chairman recently sold HK$2.5m worth of stock

Chairman recently sold HK$2.6m worth of stock

First half 2022 earnings released

Pacific Basin Shipping Limited Announces Special Dividend for the Six Months Ended 30 June 2022, Payable on August 24, 2022

Executive Chairman recently sold HK$1.6m worth of stock

Investor sentiment improved over the past week

Pacific Basin Shipping Limited Announces Retirement of David Muir Turnbull as Chairman and Executive Director

Pacific Basin Shipping Limited Announces Board and Committee Changes

Investor sentiment improved over the past week

Upcoming dividend of HK$0.60 per share

Executive Chairman recently sold HK$8.2m worth of stock

Executive Chairman recently sold HK$6.6m worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Pacific Basin Shipping Limited Recommends Special Dividend for the Year Ended 31 December 2021

Pacific Basin Shipping Limited to Report Fiscal Year 2021 Results on Feb 24, 2022

Investor sentiment improved over the past week

Pacific Basin Shipping Limited Provides Earning Guidance for the Year Ended 31 December 2021

Investor sentiment improved over the past week

Independent Non-Executive Director recently bought HK$117k worth of stock

Executive Chairman recently bought HK$748k worth of stock

Investor sentiment deteriorated over the past week

Executive Chairman recently bought HK$3.8m worth of stock

Investor sentiment deteriorated over the past week

Executive Chairman recently bought HK$1.2m worth of stock

Investor sentiment improved over the past week

Upcoming dividend of HK$0.14 per share

Independent Non-Executive Director recently bought HK$868k worth of stock

First half 2021 earnings released: EPS US$0.034 (vs US$0.048 loss in 1H 2020)

Executive Chairman recently bought HK$1.2m worth of stock

CFO & Executive Director recently sold HK$2.9m worth of stock

CEO & Executive Director recently sold HK$4.3m worth of stock

Independent Non Executive Director recently bought HK$131k worth of stock

Full year 2020 earnings released: US$0.044 loss per share (vs US$0.006 profit in FY 2019)