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Pangaea Logistics Solutions (PANL)
NASDAQ:PANL
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Pangaea Logistics Solutions
(NASDAQ:PANL)
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Rating:69Neutral
Price Target:
$5.50
▲(6.80% Upside)
Pangaea Logistics Solutions demonstrates a stable financial position with strong cash generation and operational efficiency. The stock's technical indicators show positive momentum, although valuation metrics suggest moderate pricing. The earnings call provided a balanced view of strategic achievements and financial challenges, contributing to a cautiously optimistic outlook.
Pangaea Logistics Solutions (PANL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$336.00M
Dividend Yield5.62%
Average Volume (3M)182.99K
Price to Earnings (P/E)23.6
Beta (1Y)1.04
Revenue Growth15.09%
EPS Growth-71.58%
CountryUS
Employees170
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.02
Shares Outstanding65,241,910
10 Day Avg. Volume204,573
30 Day Avg. Volume182,986
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)0.57
Price to Sales (P/S)0.45
P/FCF Ratio-65.03
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue1.14
Enterprise Value/Gross Profit9.06
Enterprise Value/Ebitda9.42
Forecast
1Y Price Target
$9.00Price Target Upside74.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Pangaea Logistics Solutions Business Overview & Revenue Model
Company DescriptionPangaea 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 MoneyPangaea Logistics Solutions generates revenue primarily through its shipping and logistics services. Key revenue streams include freight charges from shipping bulk commodities, chartering fees from leasing vessels, and logistics management fees for coordinating supply chains. The company also benefits from operational efficiencies and economies of scale in its shipping operations. Significant partnerships with major commodity traders and industrial companies enhance its market position and contribute to stable earnings. Additionally, Pangaea may generate revenue through ancillary services such as cargo handling and warehousing, further diversifying its income sources.
Pangaea Logistics Solutions Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive and negative aspects. The company achieved higher TCE rates and increased shipping days, expanded infrastructure, and executed a share repurchase program. However, these achievements were offset by an adjusted net loss, decreased EBITDA margin, and increased operating and interest expenses.Q2-2025 Updates
Positive Updates
Premium TCE Performance
The company delivered TCE rates 17% above the broader market, attributed to their chartered-in strategy and flexible fleet deployment.
Increased Shipping Days
Total shipping days rose 51% year-over-year, driven by the addition of the SSI Handymax fleet of 15 ships and chartered-in ships.
Positive Cash Flow
Total cash from operations increased by approximately $5 million year-over-year to $14.4 million.
Strategic Infrastructure Expansion
Expansion of port and logistics infrastructure at the Port of Tampa and new terminal operations in Texas, Louisiana, and Mississippi.
Share Repurchase Program
Repurchased approximately 203,000 shares during the second quarter and an additional 135,000 shares since quarter-end.
Negative Updates
Adjusted Net Loss
Reported an adjusted net loss of $1.4 million for the second quarter of 2025.
Decreased EBITDA Margin
Adjusted EBITDA margin decreased from 12.1% last year to 9.8% in the second quarter of 2025 due to lower market rates.
Increased Vessel Operating Expenses
Vessel operating expenses increased by approximately 59% year-over-year, primarily due to the acquisition of the SSI fleet.
Increased Interest Expense
Overall interest expense increased by approximately $2.6 million due to new debt facilities and assumed debt from the SSI acquisition.
Company Guidance
During the second quarter of 2025, Pangaea Logistics Solutions reported a challenging yet resilient performance, with a 17% premium in TCE rates compared to the broader market, largely due to their strategic chartered-in approach. The company faced an adjusted net loss of $1.4 million and achieved an adjusted EBITDA of $15.3 million, despite a 25% decline in average market rates from the previous year. Total shipping days increased by 51% year-over-year, supported by the addition of the SSI Handymax fleet and chartered-in ships. Vessel operating expenses rose by 59% due to fleet expansion, though per day expenses decreased to $5,876. Cash from operations grew to $14.4 million, with $59 million in cash reserves and $376 million in total debt. Looking forward, Pangaea has secured 3,671 shipping days for the third quarter at a TCE of $14,272 per day, aligned with their continued focus on fleet optimization and integrated logistics expansion, including new terminal operations in Texas, Louisiana, and Mississippi.Pangaea Logistics Solutions Financial Statement Overview
Summary
Pangaea Logistics Solutions shows moderate revenue growth and operational efficiency, but declining profitability margins and low ROE are concerns. The balance sheet reflects improved leverage, enhancing financial stability. Cash flow metrics indicate strong cash generation but highlight potential issues in cash conversion efficiency.Income Statement
Pangaea Logistics Solutions shows moderate revenue growth with a TTM revenue growth rate of 4.54%. However, profitability margins have declined over the years, with the TTM net profit margin at 1.52%, down from 5.39% in 2024. The gross profit margin also decreased from 13.62% in 2024 to 12.60% in TTM. Despite these declines, the company maintains a stable EBIT margin of 5.91% in TTM, indicating operational efficiency.65
Positive
Balance Sheet
The company's balance sheet reflects a strong equity position with a low debt-to-equity ratio of 0.0003 in TTM, significantly improved from 0.9288 in 2024. This indicates reduced leverage and financial risk. However, the return on equity (ROE) has decreased to 0.0085% in TTM, suggesting lower profitability relative to shareholders' equity.70
Positive
Cash Flow
Cash flow analysis reveals a significant increase in free cash flow in TTM, but this is accompanied by a negative free cash flow growth rate of -50124.10%. The operating cash flow to net income ratio is low at 0.0005, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio is exceptionally high at 150.25, suggesting strong cash generation relative to net income.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.78M | 536.54M | 499.27M | 699.71M | 718.10M | 382.90M |
| Gross Profit | 73.07M | 73.08M | 69.14M | 128.94M | 97.84M | 38.14M |
| EBITDA | 70.28M | 82.32M | 76.10M | 137.42M | 106.86M | 37.58M |
| Net Income | 8.82M | 28.90M | 26.32M | 79.49M | 67.23M | 11.35M |
Balance Sheet | ||||||
| Total Assets | 916.00M | 936.46M | 705.18M | 748.24M | 707.02M | 450.40M |
| Cash, Cash Equivalents and Short-Term Investments | 59.25B | 86.81M | 99.04M | 128.38M | 56.21M | 46.90M |
| Total Debt | 133.24M | 397.37M | 264.44M | 299.48M | 306.96M | 159.63M |
| Total Liabilities | 456.87M | 461.79M | 334.98M | 379.52M | 406.34M | 215.97M |
| Stockholders Equity | 414.35B | 427.82M | 323.89M | 314.23M | 247.20M | 182.77M |
Cash Flow | ||||||
| Free Cash Flow | 8.68B | -3.74M | 26.52M | 98.41M | -134.91M | 17.91M |
| Operating Cash Flow | 57.78M | 65.69M | 53.79M | 134.80M | 61.75M | 20.84M |
| Investing Cash Flow | -60.69M | -67.69M | -15.98M | -28.51M | -197.79M | -6.89M |
| Financing Cash Flow | -16.49M | -10.23M | -67.15M | -34.12M | 143.86M | -18.61M |
Pangaea Logistics Solutions Technical Analysis
Neutral
5.15
Price Trends
5.17
Negative
4.91
Positive
4.87
Positive
Market Momentum
0.05
Positive
42.43
Neutral
12.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PANL, the sentiment is Neutral. The current price of 5.15 is below the 20-day moving average (MA) of 5.42, below the 50-day MA of 5.17, and above the 200-day MA of 4.87, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 42.43 is Neutral, neither overbought nor oversold. The STOCH value of 12.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $434.27M | 3.64 | 29.48% | 4.19% | 7.73% | 0.50% | |
70 Outperform | $247.02M | 3.91 | 11.15% | ― | 13.82% | -10.37% | |
70 Neutral | $470.67M | 10.78 | 11.71% | 4.35% | -9.65% | -46.46% | |
69 Neutral | $336.00M | 23.57 | 2.37% | 5.62% | 15.09% | -71.58% | |
67 Neutral | $787.02M | 52.51 | 1.73% | 5.46% | -17.15% | 2.40% | |
58 Neutral | $204.92M | 13.57 | 2.52% | 2.26% | -4.90% | 21.09% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
PANL
Pangaea Logistics Solutions
5.15
-1.67
-24.49%
DSX
Diana Shipping
1.75
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-30.28%
ESEA
Euroseas
59.42
21.99
58.75%
GNK
Genco Shipping
17.94
-0.33
-1.81%
SB
Safe Bulkers
4.52
-0.40
-8.13%
GASS
StealthGas
6.68
-0.13
-1.91%
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.