Education
About Us
Working with TipRanks
Follow Us
Pacific Basin Shipping Ltd (PCFBY)
:PCFBY
Top Page
Pacific Basin Shipping
(OTC:PCFBY)
Rating:72Outperform
Price Target:―
Pacific Basin Shipping (PCFBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.43B
Dividend Yield3.49%
Average Volume (3M)669.00
Price to Earnings (P/E)14.4
Beta (1Y)0.17
Revenue Growth-4.67%
EPS Growth23.16%
CountryUS
Employees5,003
SectorIndustrials
Sector Strength79
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.10
Shares Outstanding261,215,400
10 Day Avg. Volume310
30 Day Avg. Volume669
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue0.53
Enterprise Value/Gross Profit9.86
Enterprise Value/Ebitda4.32
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Pacific Basin Shipping Business Overview & Revenue Model
Company DescriptionPacific Basin Shipping Limited (PCFBY) is a leading shipping company specializing in the transportation of dry bulk commodities. With a robust fleet of modern and efficient vessels, the company primarily operates in the Handymax and Supramax segments, which are known for their versatility and ability to access a wide range of ports. Headquartered in Hong Kong, Pacific Basin Shipping serves a global customer base, providing reliable and cost-effective maritime logistics solutions for the agricultural, mineral, and energy sectors.
How the Company Makes MoneyPacific Basin Shipping makes money by transporting dry bulk commodities such as grains, coal, and minerals across global trade routes. The company generates revenue primarily through time charter agreements and voyage charters. In time charters, customers hire the company's vessels for a specific period, paying a daily charter rate. Voyage charters involve transporting cargo from one port to another, with revenue based on a freight rate per ton of cargo. The company's earnings are influenced by factors such as global demand for dry bulk shipping, freight rate fluctuations, and efficient fleet management. Additionally, Pacific Basin Shipping may engage in strategic partnerships and long-term contracts with key customers to secure stable revenue streams.
Pacific Basin Shipping Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 26, 2026
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture with notable improvements in liquidity, freight rate recovery, and operating performance. However, these are balanced by significant challenges, including a decline in revenue and net profit, market challenges in China, and regulatory concerns with the USTR 301 plan. The insights indicate cautious optimism but underline ongoing challenges.Q2-2025 Updates
Positive Updates
Increased Liquidity
Net cash increased to $66 million, and available committed liquidity stands at $550 million. A new 7-year revolving credit facility of $250 million was signed in July.
Dividend and Share Buyback
The Board declared an interim dividend of HKD 0.16 per share, amounting to $10.4 million. Pacific Basin has distributed 153% of net profit for the first half of 2025 through dividends and share buybacks.
Freight Rate Recovery
Spot freight rates for Handysize and Supramax vessels increased by 23% and 50%, respectively, since the start of the year.
Operating Activity Outperformance
Outperformance over average spot market rates by $2,320 (27%) per day for Handysize and $3,480 (40%) per day for Supramax.
Reduced Finance Costs
Finance costs declined due to lower borrowing levels and reduced interest rates.
Negative Updates
Decline in Top Line Revenue
Top line decreased by 21% due to reductions in Handysize and Supramax freight rates, which were down 21% and 34%, respectively.
Decrease in Net Profit
Net profit fell 56% to $26 million despite additional gains from vessel disposals.
Market Challenges in China
Global dry bulk loading volumes declined by 3% primarily due to reduced Chinese imports of major commodities following heavy stockpiling in 2024.
Increased Operating Expenses
Operating expenses rose slightly due to increased manning costs and higher depreciation.
USTR Regulation Concerns
Potential significant impact on financial performance due to proposed USTR 301 plan which may introduce extra port charges on Chinese-owned and operated vessels.
Company Guidance
During the Pacific Basin 2025 Interim Results Announcement Conference Call, CEO Martin Fruergaard and CFO Jimmy Ng provided comprehensive guidance on the company's financial performance and strategic outlook. In the first half of 2025, the company reported an EBITDA of USD 122 million, an underlying profit of USD 22 million, and a net profit of USD 26 million, translating to a 3% annualized return on equity and basic earnings per share of HKD 0.039. The Board declared an interim dividend of HKD 0.16 per share, equating to USD 10.4 million or 50% of net profit, excluding vessel disposal gains. Pacific Basin's liquidity was bolstered by a new USD 250 million revolving credit facility, enhancing its financial strength and growth strategy. Despite a challenging freight market with spot rates for Handysize and Supramax vessels dropping by 21% and 34% year-on-year, the company maintained a strong operational performance, outperforming market indices by 27% and 40% for Handysize and Supramax, respectively. Looking ahead, the company remains optimistic about market recovery, driven by factors such as increased soybean exports from Brazil and potential economic stimuli in China, while maintaining a strategic focus on fleet renewal and growth.Pacific Basin Shipping Financial Statement Overview
Summary
Pacific Basin Shipping has a stable financial position with strong cash flows and a solid balance sheet. The income statement reflects some operational challenges, particularly in EBIT performance. However, effective cash management and a declining debt trend position the company well for future growth.Income Statement
Pacific Basin Shipping has shown a recovery in revenue from 2020 to 2024. The gross profit margin improved slightly over the years, reflecting some stability in operations. However, recent EBIT margins are concerning, as EBIT was zero for 2024, indicating potential operational challenges. Net profit margin has improved, but the fluctuating revenue growth rate suggests inconsistent market conditions.65
Positive
Balance Sheet
The balance sheet shows a strengthening position with increasing stockholders' equity and a reduction in total debt over the years. The debt-to-equity ratio has improved, indicating reduced financial risk. The equity ratio remains solid, reflecting financial stability. Overall, the balance sheet suggests a well-managed capital structure but highlights potential risk if debt levels rise again.75
Positive
Cash Flow
Operating cash flow remains strong and consistent, exceeding net income, which indicates effective internal cash generation. Free cash flow has shown growth, although capital expenditures have been significant, reflecting ongoing investments. The cash flow position is robust, but attention is needed to ensure that high investment levels yield expected returns.70
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.58B | 2.30B | 3.28B | 2.97B | 1.47B |
| Gross Profit | 135.24M | 130.95M | 732.08M | 739.34M | 36.87M |
| EBITDA | 357.43M | 349.99M | 866.03M | 850.32M | 157.63M |
| Net Income | 131.70M | 109.38M | 701.86M | 844.81M | -208.23M |
Balance Sheet | |||||
| Total Assets | 2.41B | 2.43B | 2.65B | 2.75B | 2.19B |
| Cash, Cash Equivalents and Short-Term Investments | 282.04M | 261.40M | 443.82M | 459.67M | 234.77M |
| Total Debt | 344.36M | 366.25M | 471.90M | 648.59M | 940.72M |
| Total Liabilities | 587.39M | 634.53M | 741.33M | 914.21M | 1.13B |
| Stockholders Equity | 1.83B | 1.80B | 1.91B | 1.83B | 1.06B |
Cash Flow | |||||
| Free Cash Flow | 180.93M | 101.33M | 850.60M | 625.94M | 116.19M |
| Operating Cash Flow | 309.33M | 353.40M | 935.32M | 850.42M | 219.61M |
| Investing Cash Flow | -87.40M | -61.17M | 63.18M | -334.00M | -92.11M |
| Financing Cash Flow | -214.40M | -389.73M | -949.13M | -433.03M | -101.57M |
Pacific Basin Shipping Technical Analysis
Positive
5.59
Price Trends
5.54
Positive
5.08
Positive
4.70
Positive
Market Momentum
0.04
Positive
45.81
Neutral
7.99
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PCFBY, the sentiment is Positive. The current price of 5.59 is below the 20-day moving average (MA) of 5.75, above the 50-day MA of 5.54, and above the 200-day MA of 4.70, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 7.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PCFBY.
Pacific Basin Shipping Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $1.07B | 2.79 | 26.40% | 6.49% | 4.43% | 17.82% | |
80 Outperform | $1.68B | 3.79 | 13.38% | 3.70% | 5.63% | -17.54% | |
74 Outperform | $2.14B | 17.64 | 5.11% | 4.24% | 2.95% | -61.74% | |
72 Outperform | $1.43B | 14.45 | 5.53% | 3.49% | -4.67% | 23.16% | |
67 Neutral | $723.44M | 48.27 | 1.70% | 5.94% | -17.15% | 2.40% | |
64 Neutral | $10.72B | 16.04 | 7.75% | 2.00% | 2.65% | -15.66% | |
58 Neutral | $1.08B | 31.07 | 3.35% | 13.28% | 3.51% | -74.00% |
* Industrials Sector Average
Performance Comparison
PCFBY
Pacific Basin Shipping
5.59
0.31
5.87%
DAC
Danaos
91.97
15.55
20.35%
GNK
Genco Shipping
16.84
0.90
5.65%
GSL
Global Ship Lease
30.05
7.86
35.42%
SFL
SFL Corporation
8.13
-2.12
-20.68%
SBLK
Star Bulk Carriers
18.65
-0.95
-4.85%
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.