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Pacific Basin Shipping
(OTC:2343)
Pacific Basin Shipping (2343) vs. iShares MSCI Hong Kong ETF (EWH)
Pacific Basin Shipping Business Overview & Revenue Model
Pacific Basin Shipping Earnings Call Summary
Pacific Basin Shipping Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.58B | 2.30B | 3.28B | 2.97B | 1.47B |
| Gross Profit | 135.24M | 130.95M | 732.08M | 739.34M | 36.87M |
| EBITDA | 357.43M | 348.52M | 866.03M | 850.32M | 157.63M |
| Net Income | 131.70M | 109.38M | 701.86M | 844.81M | -208.23M |
Balance Sheet | |||||
| Total Assets | 2.41B | 2.43B | 2.65B | 2.75B | 2.19B |
| Cash, Cash Equivalents and Short-Term Investments | 282.04M | 261.40M | 443.82M | 459.67M | 234.77M |
| Total Debt | 344.36M | 366.25M | 471.90M | 648.59M | 940.72M |
| Total Liabilities | 587.39M | 634.53M | 741.33M | 914.21M | 1.13B |
| Stockholders Equity | 1.83B | 1.80B | 1.91B | 1.83B | 1.06B |
Cash Flow | |||||
| Free Cash Flow | 180.93M | 101.33M | 850.60M | 625.94M | 116.19M |
| Operating Cash Flow | 309.33M | 353.40M | 935.32M | 850.42M | 219.61M |
| Investing Cash Flow | -87.40M | -61.17M | 63.18M | -334.00M | -92.11M |
| Financing Cash Flow | -214.40M | -389.73M | -949.13M | -433.03M | -101.57M |
Pacific Basin Shipping Technical Analysis
Pacific Basin Shipping Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$10.15B | 10.28 | 7.27% | 8.04% | 12.03% | 20.45% | |
68 Neutral | £2.96B | 10.47 | 8.40% | 3.13% | 2.88% | -10.00% | |
| $3.84B | 8.66 | 5.72% | 7.74% | ― | ― | ||
| $6.08B | 8.23 | 9.73% | 5.87% | ― | ― | ||
| $2.58B | 5.87 | 5.64% | 6.94% | ― | ― | ||
| $11.22B | 4.37 | 21.08% | 7.74% | ― | ― | ||
| €7.25B | 7.40 | 46.88% | 11.34% | ― | ― |
Pacific Basin Shipping Corporate Events
The Caravel Group Ltd. has increased its shareholding in Pacific Basin Shipping Limited to 16%, making it the largest shareholder. This move reflects Caravel’s confidence in Pacific Basin’s management and operations, and its commitment to supporting the company’s growth and shareholder value creation.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
Pacific Basin Shipping has announced the grant of 28,626,000 awarded shares under its 2025 Share Award Scheme to eligible participants, including its Executive Director and Chief Executive Officer, Martin Fruergaard, and Chief Financial Officer, Ng Chi Kit, Jimmy. The awarded shares represent approximately 0.56% of the company’s issued share capital and are intended to serve as retention incentives and rewards for employee contributions. The scheme includes a mix of restricted share awards and performance share unit awards, with some shares subject to performance targets. The awards are subject to a clawback mechanism, ensuring alignment with shareholder interests.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$3.00 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.
Pacific Basin Shipping Limited has announced an adjustment to the conversion price of its US$175,000,000 3% Guaranteed Convertible Bonds due 2025. The conversion price will be adjusted from HK$1.39 per share to HK$1.35 per share, effective 2 May 2025, due to a final dividend payment. This adjustment aligns with the terms of the bonds and is expected to increase the maximum number of shares issuable upon full conversion to 163,165,015 shares. The announcement serves as a notification to bondholders regarding this change, which reflects the company’s ongoing financial strategies and impacts its convertible bondholders.
Pacific Basin Shipping Limited successfully conducted its 2025 Annual General Meeting (AGM) virtually, where all proposed resolutions were approved by shareholders. Key resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and the re-appointment of auditors. The approval of these resolutions signifies shareholder confidence in the company’s strategic direction and governance, potentially strengthening its industry positioning and stakeholder relations.
In the first quarter of 2025, Pacific Basin Shipping experienced a decrease in global dry bulk loading volumes due to high inventory levels in China and ongoing trade conflicts. Despite a challenging market environment, the company maintained steady cash flow and outperformed market indices with its core business, achieving higher-than-average time-charter equivalent earnings. The company has covered a significant portion of its vessel days for the upcoming quarters, indicating a stable operational outlook. Additionally, the company expanded its operating activity, improving margins and contributing positively to its financial results.
Pacific Basin Shipping Limited has announced its 2025 Annual General Meeting, scheduled to be held virtually on April 25, 2025. Key agenda items include the adoption of the 2024 financial statements, declaration of a final dividend, re-election of directors, and re-appointment of auditors. Additionally, a resolution to grant a general mandate for the issuance of new shares was proposed, potentially impacting the company’s capital structure and market operations.