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

Undervalued with reasonable growth potential.

Risks

  • Pangaea Logistics Solutions is covered by less than 3 analysts.

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

0.2%

NasdaqCM:PANL

0.2%

US Shipping

0.8%

US Market


1 Year Return

-10.8%

NasdaqCM:PANL

-5.9%

US Shipping

1.9%

US Market

PANL underperformed the Shipping industry which returned -3.4% over the past year.

PANL underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

PANLIndustryMarket
7 Day0.2%0.2%0.8%
30 Day3.5%9.6%3.4%
90 Day-7.2%11.6%2.1%
1 Year-8.9%-10.8%-4.2%-5.9%4.2%1.9%
3 Year29.3%26.7%16.9%8.0%46.7%37.2%
5 Yearn/a-65.6%-68.2%62.3%44.5%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Pangaea Logistics Solutions's share price is below the future cash flow value, and at a moderate discount (> 20%).

Pangaea Logistics Solutions's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Pangaea Logistics Solutions is good value based on earnings compared to the US Shipping industry average.

Pangaea Logistics Solutions is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Pangaea Logistics Solutions is good value based on expected growth next year.


Price Based on Value of Assets

Pangaea Logistics Solutions is overvalued based on assets compared to the US Shipping industry average.


Next Steps

Future Growth

How is Pangaea Logistics Solutions expected 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 Estimates


Future Annual Growth Analysis

Pangaea Logistics Solutions's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).

Pangaea Logistics Solutions's earnings are expected to grow significantly at over 20% yearly.

Pangaea Logistics Solutions's revenue growth is expected to exceed the United States of America market average.

Pangaea Logistics Solutions's earnings growth is expected to exceed the United States of America market average.

Pangaea Logistics Solutions's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Pangaea Logistics Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Pangaea Logistics Solutions has delivered over 20% year on year earnings growth in the past 5 years.

Pangaea Logistics Solutions's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Pangaea Logistics Solutions's 1-year earnings growth is negative, it can't be compared to the US Shipping industry average.


Return on Equity

Pangaea Logistics Solutions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Pangaea Logistics Solutions used its assets more efficiently than the US Shipping industry average last year based on Return on Assets.


Return on Capital Employed

Pangaea Logistics Solutions has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Pangaea Logistics Solutions's financial position?


Financial Position Analysis

Pangaea Logistics Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Pangaea Logistics Solutions's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Pangaea Logistics Solutions's level of debt (49.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (135.7% vs 49.9% today).

Debt is well covered by operating cash flow (32.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).


Balance Sheet

High level of physical assets or inventory.

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 and Payments Analysis

Pangaea Logistics Solutions's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Pangaea Logistics Solutions's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).

It is too early to tell whether Pangaea Logistics Solutions has stable dividend payments.

Pangaea Logistics Solutions only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (10.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

4.0yrs

Average management tenure


CEO

Ed Coll (62yo)

5.4yrs

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

Ed's remuneration is higher than average for companies of similar size in United States of America.

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

4.0yrs

Average Tenure

62yo

Average Age

The tenure for the Pangaea Logistics Solutions management team is about average.


Board Age and Tenure

4.9yrs

Average Tenure

62yo

Average Age

The tenure for the Pangaea Logistics Solutions board of directors is about average.


Insider Trading

More shares have been bought than sold by Pangaea Logistics Solutions individual insiders in the past 3 months, but not in substantial volumes.


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: 4.9yrs
    • Compensation: US$556.00k
  • Carl Boggild (62yo)

    Director

    • Tenure: 2.7yrs
    • Compensation: US$400.00k
  • Ed Coll (62yo)

    Co-Founder

    • Tenure: 5.4yrs
    • Compensation: US$1.26m
  • Gianni DelSignore (36yo)

    CFO & Secretary

    • Tenure: 2.4yrs
    • Compensation: US$415.97k

Board Members

  • Mark Filanowski (65yo)

    COO & Director

    • Tenure: 4.9yrs
    • Compensation: US$556.00k
  • Eric Rosenfeld (62yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$135.00k
  • Rich du Moulin (72yo)

    Director

    • Tenure: 4.9yrs
    • Compensation: US$135.00k
  • David Sgro (43yo)

    Director

    • Tenure: 4.9yrs
    • Compensation: US$135.00k
  • Paul Hong (49yo)

    Director

    • Tenure: 4.9yrs
    • Compensation: US$85.00k
  • Nam Trinh (37yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$135.00k
  • Tony Laura (67yo)

    Director

    • Tenure: 4yrs
    • Compensation: US$526.01k
  • Carl Boggild (62yo)

    Director

    • Tenure: 2.7yrs
    • Compensation: US$400.00k
  • Ed Coll (62yo)

    Co-Founder

    • Tenure: 5.4yrs
    • 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$143.580m
  • 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 Analysis2019/09/18 01:08
End of Day Share Price2019/09/17 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.