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Pacific Basin Shipping
(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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.81B | 2.58B | 2.30B | 3.28B | 2.97B | 1.47B |
| Gross Profit | 89.76M | 135.24M | 130.95M | 732.08M | 739.34M | 36.87M |
| EBITDA | 273.98M | 357.43M | 348.52M | 866.03M | 850.32M | 157.63M |
| Net Income | 86.86M | 131.70M | 109.38M | 701.86M | 844.81M | -208.23M |
Balance Sheet | ||||||
| Total Assets | 2.33B | 2.41B | 2.43B | 2.65B | 2.75B | 2.19B |
| Cash, Cash Equivalents and Short-Term Investments | 295.50M | 282.04M | 261.40M | 443.82M | 459.67M | 234.77M |
| Total Debt | 310.24M | 344.36M | 366.25M | 471.90M | 648.59M | 940.72M |
| Total Liabilities | 534.30M | 587.39M | 634.53M | 741.33M | 914.21M | 1.13B |
| Stockholders Equity | 1.80B | 1.83B | 1.80B | 1.91B | 1.83B | 1.06B |
Cash Flow | ||||||
| Free Cash Flow | 136.87M | 180.93M | 101.33M | 850.60M | 625.94M | 116.19M |
| Operating Cash Flow | 238.08M | 309.33M | 353.40M | 935.32M | 850.42M | 219.61M |
| Investing Cash Flow | -36.39M | -87.40M | -61.17M | 63.18M | -334.00M | -92.11M |
| Financing Cash Flow | -173.67M | -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 |
|---|---|---|---|---|---|---|---|
| ― | $84.66B | 4.03 | 21.38% | 11.87% | 28.91% | 150.66% | |
| ― | $58.02B | 12.54 | 8.93% | 4.29% | 4.90% | 6.33% | |
| ― | $13.01B | 16.89 | 5.53% | 2.61% | -4.94% | 22.86% | |
| ― | €74.30B | 7.16 | 58.05% | 9.43% | 37.68% | 127.44% | |
| ― | $21.73B | 7.65 | 5.76% | 5.11% | 7.26% | 6.73% | |
| ― | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
| ― | $31.36B | 8.05 | 5.45% | 3.87% | 29.67% | 79.82% |
Pacific Basin Shipping Corporate Events
In the third quarter of 2025, Pacific Basin Shipping reported improved vessel time-charter equivalent earnings due to a rally in the dry bulk freight markets, driven by market disruptions and inefficiencies. The company has proactively addressed potential impacts from new US and Chinese port fees, believing these fees are not applicable to them. The firm remains optimistic about long-term market conditions and is committed to fleet renewal and growth strategies. Despite a year-on-year decrease in Handysize earnings, Supramax earnings increased, and the company has covered a significant portion of its vessel days for the fourth quarter of 2025 and into 2026, ensuring continued profitability.
The most recent analyst rating on (HK:2343) stock is a Sell with a HK$1.90 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 announced the appointment of Mr. Kristian Helt as an executive director and the resignation of Mr. Alexander Howarth Yat Kay Cheung as a non-executive director, effective 13 October 2025. Mr. Helt, with over 25 years of experience in the shipping industry, has played a pivotal role in the company’s development and will continue to lead its chartering operations globally. Mr. Cheung’s resignation is intended to help the company mitigate potential implications of USTR Section 301 Annex 1 provisions, which impose port fees on Chinese-owned or operated vessels. The company expressed gratitude for Mr. Cheung’s contributions during his tenure.
The most recent analyst rating on (HK:2343) stock is a Sell with a HK$1.90 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 changes to its Board of Directors, with the resignation of Mr. Alexander Howarth Yat Kay Cheung and the appointment of Mr. Kristian Helt as an Executive Director, effective October 13, 2025. Additionally, Dr. Kirsi Kyllikki Tikka has been appointed as a member of the Audit Committee. These changes reflect the company’s ongoing efforts to strengthen its governance and strategic direction.
The most recent analyst rating on (HK:2343) stock is a Sell with a HK$1.90 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 announced an interim dividend of HKD 0.016 per share for the six months ending June 30, 2025. The dividend will be paid on September 4, 2025, with the ex-dividend date set for August 21, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may impact investor sentiment positively.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 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, a prominent player in the dry bulk shipping industry, specializes in the transportation of minor bulk commodities across the globe with a focus on Handysize and Supramax vessels.
Pacific Basin Shipping reported a net profit of US$25.6 million for the first half of 2025, despite challenging market conditions. The company maintained financial resilience with a strong cash position and secured a US$250 million sustainability-linked credit facility to bolster its growth strategy. The company outperformed industry indices with its Handysize and Supramax vessels, declared an interim dividend, and continued its fleet renewal initiatives. Despite a weaker market in early 2025, Pacific Basin remains optimistic about the dry bulk sector’s future, driven by growing demand for minor bulk and grain, and a favorable supply-side outlook.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 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 announced an interim dividend of HKD 0.016 per share for the six months ending June 30, 2025. The ex-dividend date is set for August 21, 2025, with the payment date scheduled for September 4, 2025, reflecting the company’s commitment to returning value to its shareholders.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 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 established a Nomination Committee to oversee the nomination of directors to its Board, ensuring a fair and transparent process. The committee is tasked with reviewing the Board’s structure, identifying qualified candidates, and supporting the Board’s performance evaluation, aligning with corporate strategy and regulatory compliance.
The most recent analyst rating on (HK:2343) stock is a Buy with a HK$2.03 price target. To see the full list of analyst forecasts on Pacific Basin Shipping stock, see the HK:2343 Stock Forecast page.