Pacific Basin Shipping Limited (HK:2343)
:2343
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2343 Stock Chart & Stats
HK$3.12
HK$0.00(0.00%)
At close: 4:00 PM EST
HK$3.12
HK$0.00(0.00%)
Day’s Range― - ―
52-Week RangeHK$1.93 - HK$3.66
Previous CloseN/A
Volume12.81M
Average Volume (3M)16.69M
Market Cap
HK$14.48B
Enterprise ValueHK$2.04B
Total Cash (Recent Filing)HK$270.52M
Total Debt (Recent Filing)HK$230.39M
Price to Earnings (P/E)41.6
Beta0.80
Next Earnings
Aug 06, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield2.88%
Share Statistics
EPS (TTM)<0.01
Shares Outstanding5,166,725,600
10 Day Avg. Volume13,984,147
30 Day Avg. Volume16,692,496
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.84
Price to Sales (P/S)0.73
P/FCF Ratio10.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.55Price Target Upside13.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.03
Revenue Forecast (FY)HK$2.39B
Bulls Say, Bears Say
Bulls Say
Balance Sheet StrengthPacific Basin's conservative leverage and large committed liquidity materially reduce refinancing and solvency risk in a cyclical shipping market. This financial flexibility supports selective fleet renewal, sustained dividends/buybacks and the ability to absorb shipping downcycles without urgent external financing.
Consistent Cash GenerationSustained positive operating cash flow and healthy free cash flow provide durable internal funding for dividends, buybacks and CapEx. Reliable cash generation lowers dependency on market financing, enabling disciplined capital allocation and resilience through multi-quarter freight market volatility.
Fleet Optionality & Contract CoverageScale of owned tonnage, targeted newbuilds and high forward coverage provide commercial optionality and revenue visibility. Strong TCE outperformance and high coverage reduce spot exposure, helping stabilize near-term earnings and smoothing cash flows while management selectively grows the fleet.
Bears Say
Revenue & Margin CompressionA sharp top-line decline and margin compression demonstrate reduced earnings power in the current cycle. If weak freight conditions persist, profitability, ROE recovery and the sustainability of dividends/buybacks could be constrained despite balance-sheet strength, limiting long-term cash returns.
Industry Supply/Demand Imbalance RiskStructural fleet additions outpacing ton‑mile demand create a sustained oversupply risk that can depress freight rates and utilization. Prolonged weaker rates would pressure TCEs and returns on newbuilds, extending the period of muted profitability across the dry bulk cycle.
Execution & Structural CostsOngoing corporate re‑flagging, regulatory compliance and transfer activities have produced non‑recurring costs and carry execution/timing risk. Continued implementation expenses can weigh on margins and cash flow, and may divert management focus during a sensitive industry downturn.
Pacific Basin Shipping News
2343 FAQ
What was Pacific Basin Shipping Limited’s price range in the past 12 months?
Pacific Basin Shipping Limited lowest stock price was HK$1.93 and its highest was HK$3.66 in the past 12 months.
What is Pacific Basin Shipping Limited’s market cap?
Pacific Basin Shipping Limited’s market cap is HK$14.48B.
When is Pacific Basin Shipping Limited’s upcoming earnings report date?
Pacific Basin Shipping Limited’s upcoming earnings report date is Aug 06, 2026 which is in 56 days.
How were Pacific Basin Shipping Limited’s earnings last quarter?
Pacific Basin Shipping Limited released its earnings results on Mar 03, 2026. The company reported HK$0.05 earnings per share for the quarter, beating the consensus estimate of N/A by HK$0.05.
Is Pacific Basin Shipping Limited overvalued?
According to Wall Street analysts Pacific Basin Shipping Limited’s price is currently Undervalued.
Does Pacific Basin Shipping Limited pay dividends?
Pacific Basin Shipping Limited pays a Quarterly dividend of HK$0.06 which represents an annual dividend yield of 2.88%. See more information on Pacific Basin Shipping Limited dividends here
What is Pacific Basin Shipping Limited’s EPS estimate?
Pacific Basin Shipping Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Pacific Basin Shipping Limited have?
Pacific Basin Shipping Limited has 5,166,725,600 shares outstanding.
What happened to Pacific Basin Shipping Limited’s price movement after its last earnings report?
Pacific Basin Shipping Limited reported an EPS of HK$0.05 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.838%.
Which hedge fund is a major shareholder of Pacific Basin Shipping Limited?
Currently, no hedge funds are holding shares in HK:2343
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Pacific Basin Shipping Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.71%
12-Months-Change
Fundamentals
Return on Equity
2.51%
Trailing 12-Months
Asset Growth
-5.62%
Trailing 12-Months
Company Description
Pacific Basin Shipping Limited
Pacific Basin Shipping Limited, an investment holding entity, specializes in providing dry bulk shipping solutions worldwide. The company extends its operations to include a range of maritime support services such as shipping consultancy, ocean transportation, crew management, administrative assistance, agency representation, and full ship management. Furthermore, it engages in the ownership and chartering of vessels, as well as the issuance of convertible bonds. As of February 28, 2022, its fleet comprised 130 Handysize and 124 Supramax vessels. Established in 1987, the firm is headquartered in Wong Chuk Hang, Hong Kong.
2343 Company Deck
2343 Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a resilient financial and operational performance in 2025 supported by a strong balance sheet, healthy liquidity, active fleet renewal and shareholder-friendly capital returns (dividends and buybacks). However, notable headwinds remain: softer freight markets in 2025 led to declines in TCEs and a 28% drop in operating performance before overheads, while geopolitical risks and industry supply growth pose near-term uncertainty. On balance the company emphasized its financial flexibility, disciplined capital allocation and positive near-term FFA signals, outweighing the challenges described.View all HK:2343 earnings summaries2343 Stock 12 Month Forecast
Average Price Target
HK$3.55
▲(13.78% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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