KOSE:A028670

Stock Analysis Report

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Market Cap

₩4.0t

Last Updated

2021/06/20 08:58 UTC

Data Sources

Company Financials +

Executive Summary

Pan Ocean Co., Ltd., together with its subsidiaries, provides marine transportation and other related services worldwide. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Pan Ocean's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: A028670 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: A028670's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

7.1%

A028670

0.6%

KR Shipping

0.8%

KR Market


1 Year Return

91.7%

A028670

342.4%

KR Shipping

50.4%

KR Market

Return vs Industry: A028670 underperformed the KR Shipping industry which returned 342.4% over the past year.

Return vs Market: A028670 exceeded the KR Market which returned 50.4% over the past year.


Shareholder returns

A028670IndustryMarket
7 Day7.1%0.6%0.8%
30 Day10.3%-1.5%3.4%
90 Day6.0%55.6%6.9%
1 Year93.7%91.7%350.0%342.4%54.5%50.4%
3 Year56.2%54.6%284.2%275.4%45.4%35.6%
5 Year118.0%115.8%170.6%146.8%80.3%58.6%

Long-Term Price Volatility Vs. Market

How volatile is Pan Ocean's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pan Ocean undervalued compared to its fair value and its price relative to the market?

12.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: A028670 (₩7390) is trading below our estimate of fair value (₩8458.06)

Significantly Below Fair Value: A028670 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: A028670 is poor value based on its PE Ratio (43.4x) compared to the KR Shipping industry average (24.3x).

PE vs Market: A028670 is poor value based on its PE Ratio (43.4x) compared to the KR market (19x).


Price to Earnings Growth Ratio

PEG Ratio: A028670 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: A028670 is overvalued based on its PB Ratio (1.3x) compared to the KR Shipping industry average (1x).


Future Growth

How is Pan Ocean forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

30.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A028670's forecast earnings growth (30.1% per year) is above the savings rate (3.6%).

Earnings vs Market: A028670's earnings (30.1% per year) are forecast to grow faster than the KR market (14.1% per year).

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

Revenue vs Market: A028670's revenue (9.2% per year) is forecast to grow slower than the KR market (9.5% per year).

High Growth Revenue: A028670's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A028670's Return on Equity is forecast to be low in 3 years time (8.4%).


Past Performance

How has Pan Ocean performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: A028670 has high quality earnings.

Growing Profit Margin: A028670's current net profit margins (3.7%) are lower than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: A028670's earnings have grown by 10.4% per year over the past 5 years.

Accelerating Growth: A028670's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: A028670 had negative earnings growth (-39.8%) over the past year, making it difficult to compare to the Shipping industry average (4.1%).


Return on Equity

High ROE: A028670's Return on Equity (3%) is considered low.


Financial Health

How is Pan Ocean's financial position?


Financial Position Analysis

Short Term Liabilities: A028670's short term assets ($608.9M) exceed its short term liabilities ($555.4M).

Long Term Liabilities: A028670's short term assets ($608.9M) do not cover its long term liabilities ($1.1B).


Debt to Equity History and Analysis

Debt Level: A028670's debt to equity ratio (51%) is considered high.

Reducing Debt: A028670's debt to equity ratio has increased from 3.9% to 51% over the past 5 years.

Debt Coverage: A028670's debt is well covered by operating cash flow (30.3%).

Interest Coverage: A028670's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Dividend

What is Pan Ocean current dividend yield, its reliability and sustainability?

0.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: A028670's dividend (0.67%) is higher than the bottom 25% of dividend payers in the KR market (0.65%).

High Dividend: A028670's dividend (0.67%) is low compared to the top 25% of dividend payers in the KR market (2.11%).


Stability and Growth of Payments

Stable Dividend: A028670's dividend payments have been volatile in the past 10 years.

Growing Dividend: A028670's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29.8%), A028670's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: A028670's dividends in 3 years are forecast to be thoroughly covered by earnings (12.4% payout ratio).


Next Steps

Management

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

2.8yrs

Average board tenure


CEO

Hong-Kuk Kim (63 yo)

5.92yrs

Tenure

Mr. Hong Kuk Kim serves as the Chairman and Chief Executive Officer of Halim & Co., Ltd. Mr. Kim serves as the Chief Executive Officer of SunJin Holdings Co.,Ltd. and Harim Holdings Co.,Ltd. He serves as C...


Board Members

Experienced Board: A028670's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Pan Ocean Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pan Ocean Co., Ltd.
  • Ticker: A028670
  • Exchange: KOSE
  • Founded: 1966
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: ₩3.950t
  • Shares outstanding: 534.57m
  • Website: https://www.panocean.com

Location

  • Pan Ocean Co., Ltd.
  • Tower 8
  • 7, Jong-ro 5-gil
  • Seoul
  • 3157
  • South Korea

Listings


Biography

Pan Ocean Co., Ltd., together with its subsidiaries, provides marine transportation and other related services worldwide. It operates through four segments: Bulk Carrier Service, Container Service, Tanker ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 08:58
End of Day Share Price2021/06/18 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.