Pacific Basin Shipping Limited (PCFBY)
OTHER OTC:PCFBY
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Pacific Basin Shipping
(OTC:PCFBY)
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Rating:67Neutral
Price Target:
$9.00
â–²(45.40% Upside)
Action:Downgraded
Date:03/24/26
The score is supported primarily by strong financial stability (low leverage and continued positive cash generation) and a constructive earnings-call outlook emphasizing liquidity and shareholder returns. These positives are tempered by weak technical momentum and a valuation that looks relatively high versus a cyclical, recently weakening earnings and revenue backdrop.
Positive Factors
Balance sheet strength
Large net cash and substantial undrawn facilities give durable financial flexibility for a cyclical shipping firm. This balance sheet strength supports dividend/buyback programs, funds selective fleet renewal, and cushions revenue volatility without forcing distressed asset sales or high-cost borrowing.
Negative Factors
Earnings and revenue downshift
Material declines in TCEs and top line reflect a structural post‑cycle normalization. Persistently lower rates reduce margin headroom and slow rebuild of returns on equity, meaning longer timeframes to restore peak profitability and potentially tighter cash cushions if weakness persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Large net cash and substantial undrawn facilities give durable financial flexibility for a cyclical shipping firm. This balance sheet strength supports dividend/buyback programs, funds selective fleet renewal, and cushions revenue volatility without forcing distressed asset sales or high-cost borrowing.
Read all positive factors
Pacific Basin Shipping (PCFBY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.13B
Dividend Yield3.26%
Average Volume (3M)16.00
Price to Earnings (P/E)11.6
Beta (1Y)0.31
Revenue Growth-19.41%
EPS Growth-55.08%
CountryUS
Employees5,003
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.23
Shares Outstanding258,336,300
10 Day Avg. Volume0
30 Day Avg. Volume16
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.82
Price to Sales (P/S)0.72
P/FCF Ratio10.08
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue1.01
Enterprise Value/Gross Profit27.70
Enterprise Value/Ebitda8.71
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Pacific Basin Shipping Business Overview & Revenue Model
Company Description
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. It also offers shipping consulting, ocean shipping, crewing, secretarial, and agency and ship management services; and engages in the ves...
How the Company Makes Money
Pacific Basin makes money primarily by earning freight revenue from operating dry bulk vessels. Its core revenue stream comes from chartering out ships to customers to move cargo between ports under contracts such as time charters (earning a daily...
Pacific Basin Shipping Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: solid financial outcomes (EBITDA USD 263.1M, net cash USD 134M), strong liquidity, disciplined capital returns (46% TSR, buybacks, expanded dividend policy) and clear strategic steps on fleet renewal and sustainability. However, the company faced weaker market conditions in 2025 (TCEs down 11%/6%), a 28% drop in operating performance before overheads, one‑off compliance costs, and notable geopolitical and supply/demand risks heading into 2026. Management emphasizes resilience, cost control and optionality, but near‑term uncertainty remains.Positive Updates
Strong profitability and EBITDA
Generated EBITDA of USD 263.1 million, underlying profit of USD 39.2 million and net profit of USD 58.2 million for 2025.
Negative Updates
Revenue and TCE declines year‑on‑year
Market spot rates softened in 2025. Company reported TCE declines of 11% for Handysize and 6% for Supramax versus 2024, and overall top line decreased due to the softer market.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong profitability and EBITDA
Generated EBITDA of USD 263.1 million, underlying profit of USD 39.2 million and net profit of USD 58.2 million for 2025.
Read all positive updates
Company Guidance
Management's guidance for 2026 emphasized continued shareholder returns and balance‑sheet discipline: an amended dividend policy to pay 50% of annual net profit (ex‑disposal gains) and up to 100% when net cash at year‑end, plus scope for special dividends and an "up to" USD40m share buyback program; liquidity and flexibility remain strong with net cash USD134m, undrawn committed facility USD485.5m and total committed liquidity USD756m (EBITDA USD263.1m, operating cash flow USD229m, 2025 net profit USD58.2m). Market and rate guidance included Q1 2026 coverage of 88% of Handysize days at USD11,890/day and 100% of Supramax days at USD14,450/day, FFAs averaging ~USD13,730 (Handysize) and ~USD15,580 (Supramax) with forward curves near 12‑month highs; 2025 average TCEs were USD11,490 (Handysize, -11% y/y) and USD12,850 (Supramax, -6% y/y), outperforming spot by USD910 and USD1,220/day respectively. Cost and fleet guidance stressed disciplined renewal and cost control (average OpEx ≈ USD4,780/day, owned‑fleet breakevens ~USD4,820 Handysize and ~USD5,020 Supramax), selective fleet additions (committed 40,000 dwt Handysize newbuilds for USD119.2m delivery H1 2028, orderbook implying ~22 potential additions) and continued focus on capturing upside from improving markets.Pacific Basin Shipping Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.08B | 2.58B | 2.30B | 3.28B | 2.97B |
| Gross Profit | 75.83M | 135.24M | 130.95M | 732.08M | 739.34M |
| EBITDA | 259.67M | 357.43M | 349.99M | 924.66M | 1.03B |
| Net Income | 58.17M | 131.70M | 109.38M | 701.86M | 844.81M |
Balance Sheet | |||||
| Total Assets | 2.28B | 2.41B | 2.43B | 2.65B | 2.75B |
| Cash, Cash Equivalents and Short-Term Investments | 270.57M | 282.04M | 261.40M | 443.82M | 459.67M |
| Total Debt | 230.43M | 344.36M | 366.25M | 471.90M | 648.59M |
| Total Liabilities | 453.46M | 587.39M | 634.53M | 741.33M | 914.21M |
| Stockholders Equity | 1.83B | 1.83B | 1.80B | 1.91B | 1.83B |
Cash Flow | |||||
| Free Cash Flow | 147.87M | 180.93M | 101.33M | 850.60M | 625.94M |
| Operating Cash Flow | 264.27M | 309.33M | 353.40M | 935.32M | 850.42M |
| Investing Cash Flow | -54.43M | -87.40M | -61.17M | 63.18M | -334.00M |
| Financing Cash Flow | -230.25M | -214.40M | -389.73M | -949.13M | -433.03M |
Pacific Basin Shipping Technical Analysis
Positive
6.19
Price Trends
7.82
Positive
7.70
Positive
6.97
Positive
Market Momentum
0.21
Positive
52.38
Neutral
22.50
Neutral
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 6.19 is below the 20-day moving average (MA) of 8.27, below the 50-day MA of 7.82, and below the 200-day MA of 6.97, indicating a bullish trend. The MACD of 0.21 indicates Positive momentum. The RSI at 52.38 is Neutral, neither overbought nor oversold. The STOCH value of 22.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PCFBY.
Pacific Basin Shipping Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $1.47B | 3.06 | 24.76% | 6.16% | 7.79% | 16.98% | |
80 Outperform | $2.42B | 3.65 | 13.85% | 3.64% | 2.95% | 15.92% | |
78 Outperform | $2.13B | 4.63 | 10.62% | 0.39% | 5.87% | 8.11% | |
72 Outperform | $2.07B | 6.34 | 16.80% | 2.94% | -59.07% | 10.43% | |
67 Neutral | $2.13B | 11.59 | 2.51% | 3.26% | -19.41% | -55.08% | |
64 Neutral | $3.03B | -9.23 | 2.48% | 20.35% | -29.06% | -95.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
PCFBY
Pacific Basin Shipping
8.30
3.60
76.55%
CMRE
Costamare
16.42
8.42
105.15%
DAC
Danaos
130.85
49.25
60.35%
GSL
Global Ship Lease
38.02
15.14
66.18%
NMM
Navios Maritime Partners
74.52
35.81
92.50%
ZIM
ZIM
25.24
8.85
53.97%
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.