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Pangaea Logistics Solutions (PANL)
NASDAQ:PANL
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Pangaea Logistics Solutions
(NASDAQ:PANL)
Rating:63Neutral
Price Target:
$5.00
▲(0.40%Upside)
Pangaea Logistics Solutions (PANL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$329.42M
Dividend Yield6.93%
Average Volume (3M)237.55K
Price to Earnings (P/E)14.7
Beta (1Y)0.96
Revenue Growth13.10%
EPS Growth-54.75%
CountryUS
Employees170
SectorIndustrials
Sector Strength90
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.03
Shares Outstanding65,621,560
10 Day Avg. Volume199,332
30 Day Avg. Volume237,546
Financial Highlights & Ratios
PEG Ratio-0.46
Price to Book (P/B)0.77
Price to Sales (P/S)0.00
P/FCF Ratio-19.29
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue0.19
Enterprise Value/Gross Profit5.46
Enterprise Value/Ebitda1.31
Forecast
1Y Price Target
$5.00Price Target Upside0.40% Upside
Rating ConsensusHold
Number of Analyst Covering0
Pangaea Logistics Solutions Business Overview & Revenue Model
Company DescriptionPangaea Logistics Solutions (PANL) is a global provider of comprehensive maritime logistics and transportation services. Specializing in the dry bulk shipping sector, the company offers a range of services including logistics planning, cargo loading and unloading, vessel chartering, and fleet management. With a diverse fleet of owned and chartered vessels, Pangaea Logistics Solutions serves a wide array of industries, including agriculture, energy, and construction, ensuring the efficient and reliable transport of bulk commodities around the world.
How the Company Makes MoneyPangaea Logistics Solutions generates revenue primarily through its maritime logistics and transportation services. The company's key revenue streams include freight charges for transporting bulk commodities, time charter contracts where vessels are leased to other operators, and logistics planning services. Additionally, Pangaea benefits from strategic partnerships and long-term contracts with major commodity producers and traders, providing a steady flow of business and revenue stability. By optimizing fleet utilization and leveraging its expertise in logistics, the company enhances its profitability while maintaining a competitive edge in the global shipping industry.
Pangaea Logistics Solutions Earnings Call Summary
Earnings Call Date:May 12, 2025
(Q1-2025)
| % Change Since: 13.96%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Neutral
Pangaea Logistics Solutions demonstrated strong TCE performance and effective operational expansion with synergies from recent acquisitions. However, the quarter was marked by a net loss, decreased cash flow, and a reduction in dividend, reflecting challenges in the market environment. Despite these lowlights, the company is focused on strategic capital allocation and operational growth.Q1-2025 Updates
Positive Updates
Strong TCE Rate Performance
Pangaea Logistics Solutions reported TCE rates 33% above the prevailing market, demonstrating the strength of their commercial strategy despite a 37% decline in average market pricing compared to the prior year period.
Operational Expansion and Synergies
Total shipping days rose 24.6% year-over-year, driven by the addition of SSI handy fleet vessels. The integration is proceeding as planned with expected cost savings of at least $2.5 million annually.
Fleet and Capital Strategy
The company announced a $15 million share repurchase program and the declaration of a $0.05 dividend, highlighting their focus on capital flexibility and shareholder returns.
Port and Logistics Business Development
Expansion at the Port of Tampa and new operations in Port Charles, Louisiana, and Port of Aransas in Texas are progressing, demonstrating a commitment to supply chain expansion.
Negative Updates
Net Loss and EBITDA Decline
Reported an adjusted net loss of approximately $2 million and adjusted EBITDA of $14.8 million, a decrease of approximately $5.2 million relative to the prior year period.
Decrease in Cash Flow and Higher Operating Expenses
Total cash from operations decreased by $13.2 million year-over-year, and vessel operating expenses increased by approximately 75% due to the SSI fleet acquisition.
Dividend Reduction
The company reduced its quarterly dividend from $0.10 to $0.05 per share, which may affect investor sentiment despite the introduction of the share buyback program.
Company Guidance
During the first quarter of 2025, Pangaea Logistics Solutions reported a TCE rate of $11,390 per day, demonstrating a 33% premium over the average market rates for various vessel types. Despite a 37% decline in average market pricing, the company efficiently managed market volatility, resulting in an adjusted net loss of approximately $2 million and an adjusted EBITDA of $14.8 million. The company's operational scale expanded with a 24.6% year-over-year increase in total shipping days, primarily due to the addition of the SSI handy fleet, while comparable shipping days rose by 41%. Pangaea completed 160 days of planned off-hire for vessel dry dockings, positioning them well for stronger demand periods. Looking ahead, Pangaea has booked 4,275 shipping days for the second quarter, with a TCE of $12,524 per day, and plans to unlock further efficiencies through the integration of the SSI fleet. The Board has authorized a $15 million share repurchase program alongside a $0.05 dividend as part of a disciplined capital allocation strategy.Pangaea Logistics Solutions Financial Statement Overview
Summary
Pangaea Logistics Solutions demonstrates moderate financial health with stable operational cash flow but faces profitability pressures and challenges in free cash flow generation. While leverage is manageable, declining profit margins and lower returns on equity pose concerns.Income Statement
Pangaea Logistics Solutions has experienced fluctuating revenue, with a recent TTM decline compared to the previous annual period. Gross profit margin in the TTM is approximately 13.5%, which is moderately stable, while the net profit margin has contracted significantly to about 2.75%. The EBIT margin also shows a reduction to 7.27%, indicating pressure on operational profitability. The EBITDA margin remains relatively healthy at 12.94%, suggesting decent cash earnings despite profit pressures.60
Neutral
Balance Sheet
The company's debt-to-equity ratio in the TTM is approximately 0.33, reflecting a manageable level of leverage relative to equity. Return on Equity (ROE) has decreased to approximately 3.62%, indicating a decline in profitability for shareholders. The equity ratio stands at 45.83%, highlighting a solid equity buffer and financial stability.65
Positive
Cash Flow
Pangaea Logistics Solutions faces challenges with cash flow, as evidenced by a negative free cash flow in the TTM. Operating cash flow to net income ratio is robust at 3.43, indicating strong cash generation relative to accounting profits. However, the free cash flow to net income ratio is negative, suggesting potential issues in sustaining positive cash flow after capital expenditures.55
Neutral
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 536.54M | 499.27M | 699.71M | 718.10M | 382.90M |
| Gross Profit | 73.08M | 69.14M | 128.94M | 97.84M | 38.14M |
| EBITDA | 82.32M | 76.10M | 137.42M | 106.86M | 37.58M |
| Net Income | 28.90M | 26.32M | 79.49M | 67.23M | 11.35M |
Balance Sheet | |||||
| Total Assets | 936.46M | 705.18M | 748.24M | 707.02M | 450.40M |
| Cash, Cash Equivalents and Short-Term Investments | 86.81M | 99.04M | 128.38M | 56.21M | 46.90M |
| Total Debt | 397.37M | 264.44M | 299.48M | 306.96M | 159.63M |
| Total Liabilities | 461.79M | 334.98M | 379.52M | 406.34M | 215.97M |
| Stockholders Equity | 427.82M | 323.89M | 314.23M | 247.20M | 182.77M |
Cash Flow | |||||
| Free Cash Flow | -3.74M | 26.52M | 98.41M | -134.91M | 17.91M |
| Operating Cash Flow | 65.69M | 53.79M | 134.80M | 61.75M | 20.84M |
| Investing Cash Flow | -67.69M | -15.98M | -28.51M | -197.79M | -6.89M |
| Financing Cash Flow | -10.23M | -67.15M | -34.12M | 143.86M | -18.61M |
Pangaea Logistics Solutions Technical Analysis
Positive
4.98
Price Trends
4.74
Positive
4.65
Positive
5.10
Negative
Market Momentum
0.10
Positive
54.33
Neutral
21.87
Neutral
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 4.98 is below the 20-day moving average (MA) of 5.01, above the 50-day MA of 4.74, and below the 200-day MA of 5.10, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 54.33 is Neutral, neither overbought nor oversold. The STOCH value of 21.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PANL.
Pangaea Logistics Solutions Risk Analysis
Pangaea Logistics Solutions disclosed 63 risk factors in its most recent earnings report. Pangaea Logistics Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pangaea Logistics Solutions Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $346.27M | 2.66 | 39.30% | 5.04% | 14.62% | 21.99% | |
75 Outperform | $421.52M | 6.15 | 9.82% | 4.83% | -2.98% | -0.96% | |
75 Outperform | $241.10M | 3.52 | 10.95% | ― | 14.08% | 28.84% | |
69 Neutral | $653.84M | 14.59 | 5.02% | 7.58% | -7.38% | 1295.53% | |
63 Neutral | $329.42M | 14.70 | 4.05% | 6.93% | 13.10% | -54.75% | |
59 Neutral | $185.23M | 23.26 | 2.79% | 6.60% | -8.74% | -70.04% | |
58 Neutral | HK$14.28B | 4.69 | -3.01% | 5.60% | 3.67% | -54.16% |
* Industrials Sector Average
Performance Comparison
PANL
Pangaea Logistics Solutions
5.05
-1.77
-25.95%
DSX
Diana Shipping
1.59
-1.01
-38.85%
ESEA
Euroseas
50.55
21.82
75.95%
GNK
Genco Shipping
15.69
-3.11
-16.54%
SB
Safe Bulkers
4.14
-1.18
-22.18%
GASS
StealthGas
6.70
-0.10
-1.47%
Pangaea Logistics Solutions Corporate Events
Executive/Board ChangesShareholder Meetings
Pangaea Logistics Holds 2025 Shareholder Meeting
Neutral
May 13, 2025
On May 8, 2025, Pangaea Logistics Solutions Ltd. conducted its 2025 Annual Meeting of Shareholders, where a quorum was present with 59,076,635 shares represented. During the meeting, shareholders elected three Class II directors to serve until 2028 and one Class III director to serve until 2026. Additionally, they ratified Grant Thornton LLP as the independent registered public accounting firm for the fiscal year 2025 and approved the compensation of named executive officers on a non-binding basis.
The most recent analyst rating on (PANL) stock is a Buy with a $10.25 price target. To see the full list of analyst forecasts on Pangaea Logistics Solutions stock, see the PANL Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.