NasdaqCM:PANL

Stock Analysis Report

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Executive Summary

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. More Details


Snowflake Analysis

Mediocre balance sheet with poor track record.

Share Price & News

How has Pangaea Logistics Solutions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PANL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

PANL

-6.1%

US Shipping

-4.6%

US Market


1 Year Return

-8.3%

PANL

-40.3%

US Shipping

11.5%

US Market

Return vs Industry: PANL exceeded the US Shipping industry which returned -40.3% over the past year.

Return vs Market: PANL underperformed the US Market which returned 11.5% over the past year.


Shareholder returns

PANLIndustryMarket
7 Day-1.0%-6.1%-4.6%
30 Day15.1%2.4%-0.9%
90 Day46.1%3.4%2.2%
1 Year-7.3%-8.3%-38.7%-40.3%14.0%11.5%
3 Year32.6%28.4%-25.0%-30.9%34.5%25.6%
5 Year1.2%-2.0%-48.2%-56.0%73.0%53.6%

Price Volatility Vs. Market

How volatile is Pangaea Logistics Solutions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pangaea Logistics Solutions undervalued compared to its fair value and its price relative to the market?

968.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PANL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PANL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PANL is poor value based on its PE Ratio (968.8x) compared to the US Shipping industry average (9.2x).

PE vs Market: PANL is poor value based on its PE Ratio (968.8x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PANL is overvalued based on its PB Ratio (0.8x) compared to the US Shipping industry average (0.3x).


Next Steps

Future Growth

How is Pangaea Logistics Solutions forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

68.8%

Forecasted Transportation industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pangaea Logistics Solutions has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Pangaea Logistics Solutions performed over the past 5 years?

36.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PANL has a large one-off loss of $11.4M impacting its June 30 2020 financial results.

Growing Profit Margin: PANL's current net profit margins (0.03%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: PANL has become profitable over the past 5 years, growing earnings by 36.1% per year.

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

Earnings vs Industry: PANL had negative earnings growth (-99.1%) over the past year, making it difficult to compare to the Shipping industry average (-5%).


Return on Equity

High ROE: PANL's Return on Equity (1.6%) is considered low.


Next Steps

Financial Health

How is Pangaea Logistics Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: PANL's short term assets ($98.0M) exceed its short term liabilities ($60.6M).

Long Term Liabilities: PANL's short term assets ($98.0M) do not cover its long term liabilities ($137.9M).


Debt to Equity History and Analysis

Debt Level: PANL's debt to equity ratio (41.7%) is considered high.

Reducing Debt: PANL's debt to equity ratio has reduced from 174.1% to 41.7% over the past 5 years.

Debt Coverage: PANL's debt is well covered by operating cash flow (31.6%).

Interest Coverage: PANL's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Pangaea Logistics Solutions's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PANL'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 PANL's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: PANL is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Ed Coll (63 yo)

6.5yrs

Tenure

US$1,506,125

Compensation

Mr. Edward Coll, also known as Ed, serves as the President of Phoenix Bulk Carriers (US) Corp. Mr. Coll co-founded Bulk Partners Limited in 1996. Mr. Coll co-founded Pangaea Logistics Solutions Ltd and has ...


CEO Compensation Analysis

Compensation vs Market: Ed's total compensation ($USD1.51M) is above average for companies of similar size in the US market ($USD593.13K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Edward Coll
Co-Founder6.5yrsUS$1.51m18.53%
$ 24.9m
Gianni DelSignore
CFO & Secretary3.5yrsUS$443.60k0.44%
$ 585.7k
Mark Filanowski
COO & Director6yrsUS$606.12k0.53%
$ 713.4k

3.8yrs

Average Tenure

63yo

Average Age

Experienced Management: PANL's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward Coll
Co-Founder6.5yrsUS$1.51m18.53%
$ 24.9m
Mark Filanowski
COO & Director6yrsUS$606.12k0.53%
$ 713.4k
Eric Rosenfeld
Independent Director6.75yrsUS$135.00k1.15%
$ 1.5m
Richard du Moulin
Independent Director6yrsUS$135.00k0.36%
$ 485.4k
David Sgro
Independent Director6yrsUS$135.00k0.54%
$ 728.4k
Paul Hong
Independent Director6yrsUS$85.00kno data
Nam Trinh
Independent Director3.17yrsUS$135.00kno data
Anthony Laura
Director5.08yrsno data4.09%
$ 5.5m
Carl Boggild
Director3.75yrsno data18.36%
$ 24.7m

6.0yrs

Average Tenure

63yo

Average Age

Experienced Board: PANL's board of directors are considered experienced (6 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Pangaea Logistics Solutions, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pangaea Logistics Solutions, Ltd.
  • Ticker: PANL
  • Exchange: NasdaqCM
  • Founded: 1996
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$134.296m
  • Shares outstanding: 45.07m
  • Website: https://www.pangaeals.com

Number of Employees


Location

  • Pangaea Logistics Solutions, Ltd.
  • 109 Long Wharf
  • Newport
  • Rhode Island
  • 2840
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PANLNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 2014
PGABST (Boerse-Stuttgart)YesCommon StockDEEUROct 2014

Biography

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk ca ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 00:29
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.