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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 | 948.84M |
| 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $80.83B | 3.85 | 21.38% | 13.05% | 28.91% | 150.66% | |
77 Outperform | $11.49B | 15.03 | 5.53% | 2.95% | -4.94% | 22.86% | |
74 Outperform | HK$22.85B | 7.94 | 5.76% | 5.08% | 7.26% | 6.73% | |
72 Outperform | HK$72.52B | 6.98 | 58.05% | 10.05% | 37.68% | 127.44% | |
68 Neutral | HK$64.29B | 12.58 | 8.93% | 5.03% | 4.90% | 6.33% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | HK$29.90B | 7.62 | 5.45% | 4.16% | 29.67% | 79.82% |
Pacific Basin Shipping Corporate Events
Pacific Basin Shipping Limited has completed its Share Buy-Back Programme, purchasing a total of 150,651,000 shares for approximately HK$311 million (US$40 million). The completion of this program, which resulted in the cancellation of the bought-back shares, reflects the company’s strategic financial management and may impact its market positioning by potentially increasing shareholder value.
Pacific Basin Shipping Limited has announced the re-designation of Mr. Mats Henrik Berglund from a Non-Executive Director to an Independent Non-Executive Director, effective November 21, 2025. This change is part of the company’s strategic move to enhance board effectiveness, leveraging Mr. Berglund’s extensive experience and independent judgment. The re-designation is not expected to impact his remuneration, and the Stock Exchange has agreed with the company’s assessment of his independence, ensuring compliance with relevant listing rules. This move is anticipated to positively influence the company’s strategic and policy development, benefiting stakeholders.
Pacific Basin Shipping Limited has announced a change in its Board of Directors, with Mr. Mats Henrik Berglund being re-designated from a Non-executive Director to an Independent Non-executive Director, effective November 21, 2025. This change reflects the company’s commitment to strengthening its governance structure and may enhance its strategic decision-making processes, potentially impacting its industry positioning and stakeholder confidence.
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.
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.
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.