Pangaea Logistics Solutions (PANL) AI Stock Analysis

• Market Cap: $452.22M
• Dividend Yield: 3.57%
• Average Volume (3M): 304.93K
• Price to Earnings (P/E): 23.5
• Beta (1Y): 0.92
• Revenue Growth: 14.21%
• EPS Growth: -36.71%
• Country: US
• Employees: 170
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.17
• Shares Outstanding: 64,973,690
• 10 Day Avg. Volume: 285,400
• 30 Day Avg. Volume: 304,925
• PEG Ratio: 0.99
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.45
• P/FCF Ratio: -65.03
• Enterprise Value/Market Cap: 1.47
• Enterprise Value/Revenue: 1.11
• Enterprise Value/Gross Profit: 8.45
• Enterprise Value/Ebitda: 6.30
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.31
• Revenue Forecast (FY): $517.42M

• Rating: 67 Neutral
• Price Target: $8.00 ▲(12.83% Upside)

Pangaea Logistics Solutions' overall stock score reflects a mixed outlook. The most significant factor is the challenging financial performance, particularly the declining profitability and cash flow issues. However, positive technical indicators and a strong earnings call with strategic initiatives provide some optimism. The valuation is moderate, and recent corporate events support a strategic focus but do not significantly alter the score.

Positive Factors

Revenue Growth

The 20% increase in EBITDA reflects strong revenue growth, indicating effective business operations and market demand, supporting long-term financial health.

Fleet Renewal Strategy

Fleet renewal improves efficiency and emissions performance, aligning with industry trends and enhancing competitive positioning over time.

Strong Balance Sheet

A strong cash position provides financial flexibility for strategic investments and operational stability, supporting long-term growth initiatives.

Negative Factors

Declining Profitability Margins

Significant declines in profitability margins indicate challenges in cost management and pricing power, potentially affecting long-term earnings.

Increased Operating Expenses

Rising operating expenses can erode profit margins and cash flow, impacting the company's ability to invest in growth and maintain competitiveness.

Significant Decline in Free Cash Flow

A dramatic decline in free cash flow limits the company's ability to fund operations and strategic initiatives, posing risks to financial stability.

Pangaea Logistics Solutions Business Overview & Revenue Model

Company Description

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 cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of March 16, 2022, the company owned and operated a fleet of 25 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

How the Company Makes Money

Pangaea Logistics Solutions generates revenue primarily through its shipping and logistics services. Key revenue streams include freight charges for the transportation of bulk commodities, chartering of vessels to third parties, and logistics management fees. The company also benefits from long-term contracts with clients, ensuring a steady flow of income. Additionally, Pangaea may engage in strategic partnerships with other logistics firms and commodity producers, enhancing its operational capabilities and market reach. The combination of these factors contributes to its overall earnings and financial stability.

Pangaea Logistics Solutions Financial Statement Overview

Summary

Pangaea Logistics Solutions faces a challenging financial landscape. The income statement shows declining profitability margins, with gross and net profit margins significantly decreasing. The balance sheet is strong with low leverage, but cash flow challenges are evident with a significant decline in free cash flow growth.

Income Statement

Pangaea Logistics Solutions shows a mixed performance in its income statement. The TTM data indicates a slight revenue growth of 2.68%, but gross and net profit margins have significantly decreased compared to the previous year. The gross profit margin dropped from 13.62% to 3.54%, and the net profit margin fell from 5.39% to 2.67%. This decline in profitability is concerning, although the company maintains a positive EBIT margin of 3.95% and EBITDA margin of 7.45%.

Balance Sheet

The balance sheet reflects a strong equity position with a low debt-to-equity ratio of 0.046 in the TTM period, indicating reduced leverage compared to previous years. The return on equity has decreased to 3.78%, which is lower than the previous year, suggesting reduced profitability on equity. However, the equity ratio remains stable, showing a solid financial foundation.

Cash Flow

The cash flow statement reveals challenges, with a significant decline in free cash flow growth at -1228.89% in the TTM period. The operating cash flow to net income ratio is 0.44, indicating that operating cash flow is not fully covering net income. The free cash flow to net income ratio is 0.80, showing some ability to generate cash relative to net income, but the overall cash flow position is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	595.34M	536.54M	499.27M	699.71M	718.10M	382.90M
Gross Profit	78.53M	73.08M	69.14M	128.94M	97.84M	38.14M
EBITDA	105.27M	82.32M	76.10M	137.42M	106.86M	37.58M
Net Income	15.92M	28.90M	26.32M	79.49M	67.23M	11.35M
Balance Sheet
Total Assets	932.15M	936.46M	705.18M	748.24M	707.02M	450.40M
Cash, Cash Equivalents and Short-Term Investments	94.02M	86.81M	99.04M	128.38M	56.21M	46.90M
Total Debt	382.64M	397.37M	264.44M	299.48M	306.96M	159.63M
Total Liabilities	466.59M	461.79M	334.98M	379.52M	406.34M	215.97M
Stockholders Equity	420.26M	427.82M	323.89M	314.23M	247.20M	182.77M
Cash Flow
Free Cash Flow	40.64M	-3.74M	26.52M	98.41M	-134.91M	17.91M
Operating Cash Flow	57.88M	65.69M	53.79M	134.80M	61.75M	20.84M
Investing Cash Flow	-8.43M	-67.69M	-15.98M	-28.51M	-197.79M	-6.89M
Financing Cash Flow	-48.28M	-10.23M	-67.15M	-34.12M	143.86M	-18.61M

Pangaea Logistics Solutions Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PANL, the sentiment is Positive. The current price of 7.09 is below the 20-day moving average (MA) of 7.12, above the 50-day MA of 6.22, and above the 200-day MA of 5.13, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 51.54 is Neutral, neither overbought nor oversold. The STOCH value of 15.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PANL.

Pangaea Logistics Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESEA	77 Outperform	$381.65M	3.14	31.33%	4.95%	7.26%	6.60%
SB	72 Outperform	$491.18M	13.17	5.58%	4.16%	-13.74%	-59.37%
SHIP	70 Outperform	$197.63M	12.86	5.66%	4.94%	-8.99%	-68.66%
ASC	70 Outperform	$435.08M	13.75	5.28%	2.80%	-26.81%	-78.30%
PANL	67 Neutral	$452.22M	23.53	4.23%	3.57%	14.21%	-36.71%
DSX	65 Neutral	$196.82M	10.43	4.91%	2.34%	-5.45%	139.59%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Pangaea Logistics Solutions Corporate Events

Pangaea Logistics appoints Eugene Davis to board

On December 18, 2025, Pangaea Logistics Solutions announced that Christina Tan resigned from its Board of Directors and was immediately succeeded by veteran corporate adviser Eugene I. Davis as a Class II director, under nomination rights held by shareholder Strategic Shipping Inc. The Nasdaq-listed dry bulk logistics specialist emphasized that Tan’s departure did not stem from any dispute and that Davis, deemed an independent director, brings four decades of experience in shareholder value creation and corporate strategy, currently chairing PIRINATE Consulting Group and holding senior board and audit roles at WW International and Spirit Aviation Holdings. His appointment, in line with an existing investor rights agreement and accompanied by standard non-employee director compensation, signals a continued focus on governance, strategic refinement and long-term shareholder returns while maintaining the influence of Strategic Shipping Inc. on Pangaea’s board composition.

Pangaea Logistics Appoints New Director Amid Strategic Deal

On November 26, 2025, Pangaea Logistics Solutions Ltd. entered into a cooperation agreement with Strategic Shipping Inc., which included appointing Paul M. Leand, Jr. as a Class III director on the Board, effective immediately. This strategic move aims to leverage Mr. Leand’s extensive experience in the maritime shipping industry to enhance the Board’s capabilities and reinforce the company’s commitment to shareholder value creation. The agreement also includes customary standstill restrictions and voting commitments, positioning Pangaea to strengthen its industry standing and operational momentum.