NasdaqCM:PANL

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

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


Market Performance


7 Day Return

1.4%

PANL

2.5%

US Shipping

2.3%

US Market


1 Year Return

-2.7%

PANL

-3.0%

US Shipping

5.6%

US Market

Return vs Industry: PANL matched the US Shipping industry which returned -3% over the past year.

Return vs Market: PANL underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

PANLIndustryMarket
7 Day1.4%2.5%2.3%
30 Day0.2%-1.2%-1.0%
90 Day-7.0%4.2%-0.7%
1 Year-0.7%-2.7%-1.3%-3.0%7.9%5.6%
3 Year31.0%28.4%20.9%12.8%45.6%36.3%
5 Year-51.1%-52.1%-59.8%-62.8%65.8%47.6%

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?

8.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PANL ($3.24) is trading above our estimate of fair value ($1.91)

Significantly Undervalued: PANL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PANL is good value based on its PE Ratio (8.9x) compared to the Shipping industry average (25.4x).

PE vs Market: PANL is good value based on its PE Ratio (8.9x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: PANL is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: PANL is overvalued based on its PB Ratio (0.9x) compared to the US Shipping industry average (0.6x).


Next Steps

Future Growth

How is Pangaea Logistics Solutions forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

49.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PANL's forecast earnings growth (49% per year) is above the savings rate (2.7%).

Earnings vs Market: PANL's earnings (49% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: PANL's revenue (9% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: PANL's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PANL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

62.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PANL's earnings have grown significantly by 62.8% per year over the past 5 years.

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 (-27.7%) over the past year, making it difficult to compare to the Shipping industry average (-62.3%).


Return on Equity

High ROE: PANL's Return on Equity (8.9%) is considered low.


Return on Assets

ROA vs Industry: PANL has a higher Return on Assets than the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: PANL has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Pangaea Logistics Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: PANL's short term assets ($93.1M) exceeds its short term liabilities ($64.6M)

Long Term Liabilities: PANL's short term assets (93.1M) do not cover its long term liabilities (156.9M)


Debt to Equity History and Analysis

Debt Level: PANL's debt to equity ratio (49.9%) is considered high

Reducing Debt: PANL's debt to equity ratio has reduced from 135.7% to 49.9% over the past 5 years.

Debt Coverage: PANL's debt is well covered by operating cash flow (32.8%).

Interest Coverage: PANL's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet

Inventory Level: PANL has a high level of physical assets or inventory.

Debt Coverage by Assets: PANL's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

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

4.33%

Current Dividend Yield


Dividend Yield vs Market

company4.3%marketbottom25%1.5%markettop25%3.8%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PANL's dividend (4.33%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: PANL's dividend (4.33%) is in the top 25% of dividend payers in the US market (3.76%)

Stable Dividend: Too early to tell whether PANL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PANL's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.7%), PANL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Pangaea Logistics Solutions's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Ed Coll (62yo)

5.5yrs

Tenure

US$1,256,000

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 ($USD1.26M) is about average for companies of similar size in the US market ($USD493.00K).

Compensation vs Earnings: Ed's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

4.1yrs

Average Tenure

62yo

Average Age

Experienced Management: PANL's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

5.0yrs

Average Tenure

62yo

Average Age

Experienced Board: PANL's board of directors are considered experienced (5 years average tenure).


Insider Trading

Insider Buying: PANL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$5,95504 Sep 19
Mark Filanowski
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares1,921
Max PriceUS$3.10
BuyUS$6,34529 Aug 19
Mark Filanowski
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares2,079
Max PriceUS$3.10
BuyUS$4,57528 Aug 19
Gianni DelSignore
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares1,500
Max PriceUS$3.05
BuyUS$9,90018 Jun 19
Gianni DelSignore
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares3,000
Max PriceUS$3.30

Ownership Breakdown


Management Team

  • Mark Filanowski (65yo)

    COO & Director

    • Tenure: 5yrs
    • Compensation: US$556.00k
  • Carl Boggild (62yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$400.00k
  • Ed Coll (62yo)

    Co-Founder

    • Tenure: 5.5yrs
    • Compensation: US$1.26m
  • Gianni DelSignore (36yo)

    CFO & Secretary

    • Tenure: 2.5yrs
    • Compensation: US$415.97k

Board Members

  • Mark Filanowski (65yo)

    COO & Director

    • Tenure: 5yrs
    • Compensation: US$556.00k
  • Eric Rosenfeld (62yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$135.00k
  • Rich du Moulin (72yo)

    Director

    • Tenure: 5yrs
    • Compensation: US$135.00k
  • David Sgro (43yo)

    Director

    • Tenure: 5yrs
    • Compensation: US$135.00k
  • Paul Hong (49yo)

    Director

    • Tenure: 5yrs
    • Compensation: US$85.00k
  • Nam Trinh (37yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$135.00k
  • Tony Laura (67yo)

    Director

    • Tenure: 4.1yrs
    • Compensation: US$526.01k
  • Carl Boggild (62yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$400.00k
  • Ed Coll (62yo)

    Co-Founder

    • Tenure: 5.5yrs
    • Compensation: US$1.26m

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$143.802m
  • Shares outstanding: 44.45m
  • 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 Analysis2019/10/17 00:26
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.