PANGAEA LOGISTICS SOLUTIONS (PANL) Stock Fundamental Analysis
NASDAQ:PANL - Nasdaq - BMG6891L1054 - Common Stock - Currency: USD
Taking everything into account, PANL scores 4 out of 10 in our fundamental rating. PANL was compared to 29 industry peers in the Marine Transportation industry. PANL has only an average score on both its financial health and profitability. PANL has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year PANL was profitable.
In the past year PANL had a positive cash flow from operations.
Each year in the past 5 years PANL has been profitable.
In the past 5 years PANL always reported a positive cash flow from operatings.
1.2 Ratios
PANL has a Return On Assets of 2.88%. This is in the lower half of the industry: PANL underperforms 60.71% of its industry peers.
PANL has a worse Return On Equity (6.50%) than 67.86% of its industry peers.
PANL has a Return On Invested Capital of 5.48%. This is comparable to the rest of the industry: PANL outperforms 42.86% of its industry peers.
PANL had an Average Return On Invested Capital over the past 3 years of 9.97%. This is in line with the industry average of 8.54%.
The 3 year average ROIC (9.97%) for PANL is well above the current ROIC(5.48%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.88% | ||
| ROE | 6.5% | ||
| ROIC | 5.48% |
ROA(3y)7.95%
ROA(5y)5.77%
ROE(3y)20.2%
ROE(5y)14.74%
ROIC(3y)9.97%
ROIC(5y)8.34%
1.3 Margins
Looking at the Profit Margin, with a value of 4.14%, PANL is doing worse than 71.43% of the companies in the same industry.
In the last couple of years the Profit Margin of PANL has grown nicely.
With a Operating Margin value of 8.70%, PANL is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of PANL has remained more or less at the same level.
PANL's Gross Margin of 29.72% is on the low side compared to the rest of the industry. PANL is outperformed by 75.00% of its industry peers.
PANL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.7% | ||
| PM (TTM) | 4.14% | ||
| GM | 29.72% |
OM growth 3Y18.44%
OM growth 5Y-0.58%
PM growth 3Y20.98%
PM growth 5Y2.01%
GM growth 3Y8.45%
GM growth 5Y0.87%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PANL is creating some value.
The number of shares outstanding for PANL has been increased compared to 1 year ago.
Compared to 5 years ago, PANL has more shares outstanding
PANL has a better debt/assets ratio than last year.
2.2 Solvency
PANL has an Altman-Z score of 1.85. This is not the best score and indicates that PANL is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of PANL (1.85) is better than 60.71% of its industry peers.
PANL has a debt to FCF ratio of 23.03. This is a negative value and a sign of low solvency as PANL would need 23.03 years to pay back of all of its debts.
PANL has a Debt to FCF ratio of 23.03. This is comparable to the rest of the industry: PANL outperforms 42.86% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that PANL is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.78, PANL is doing worse than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 23.03 | ||
| Altman-Z | 1.85 |
ROIC/WACC0.75
WACC7.34%
2.3 Liquidity
A Current Ratio of 2.05 indicates that PANL has no problem at all paying its short term obligations.
The Current ratio of PANL (2.05) is better than 67.86% of its industry peers.
A Quick Ratio of 1.77 indicates that PANL should not have too much problems paying its short term obligations.
The Quick ratio of PANL (1.77) is better than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
PANL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -47.78%.
The Earnings Per Share has been growing slightly by 7.55% on average over the past years.
PANL shows a small growth in Revenue. In the last year, the Revenue has grown by 5.24%.
The Revenue has been growing slightly by 6.00% on average over the past years.
EPS 1Y (TTM)-47.78%
EPS 3Y17.9%
EPS 5Y7.55%
EPS Q2Q%-73.81%
Revenue 1Y (TTM)5.24%
Revenue growth 3Y9.25%
Revenue growth 5Y6%
Sales Q2Q%12.9%
3.2 Future
The Earnings Per Share is expected to grow by 3.43% on average over the next years.
PANL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.50% yearly.
EPS Next Y-14.71%
EPS Next 2Y0.14%
EPS Next 3Y3.43%
EPS Next 5YN/A
Revenue Next Year22.75%
Revenue Next 2Y22.21%
Revenue Next 3Y-6.5%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.06 indicates a reasonable valuation of PANL.
Based on the Price/Earnings ratio, PANL is valued a bit more expensive than 60.71% of the companies in the same industry.
PANL is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.79, which indicates a very decent valuation of PANL.
The rest of the industry has a similar Price/Forward Earnings ratio as PANL.
When comparing the Price/Forward Earnings ratio of PANL to the average of the S&P500 Index (22.68), we can say PANL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.06 | ||
| Fwd PE | 8.79 |
4.2 Price Multiples
64.29% of the companies in the same industry are cheaper than PANL, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PANL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.94 | ||
| EV/EBITDA | 7.07 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.47
EPS Next 2Y0.14%
EPS Next 3Y3.43%
5. Dividend
5.1 Amount
PANL has a Yearly Dividend Yield of 7.69%, which is a nice return.
Compared to an average industry Dividend Yield of 13.73, PANL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.27, PANL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.69% |
5.2 History
On average, the dividend of PANL grows each year by 49.55%, which is quite nice.
PANL has been paying a dividend for over 5 years, so it has already some track record.
PANL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)49.55%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
85.39% of the earnings are spent on dividend by PANL. This is not a sustainable payout ratio.
PANL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP85.39%
EPS Next 2Y0.14%
EPS Next 3Y3.43%
5.2
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners40.06%
Inst Owner Change0.15%
Ins Owners16.9%
Ins Owner Change-0.03%
Market Cap337.79M
Analysts84.44
Price Target9.57 (84.04%)
Short Float %2.5%
Short Ratio3.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.69% |
Yearly Dividend0.39
Dividend Growth(5Y)49.55%
DP85.39%
Div Incr Years2
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-54.03%
Min EPS beat(2)-60.35%
Max EPS beat(2)-47.71%
EPS beat(4)1
Avg EPS beat(4)-29.44%
Min EPS beat(4)-91.24%
Max EPS beat(4)81.55%
EPS beat(8)4
Avg EPS beat(8)3.04%
EPS beat(12)6
Avg EPS beat(12)2.47%
EPS beat(16)10
Avg EPS beat(16)22.45%
Revenue beat(2)2
Avg Revenue beat(2)15.95%
Min Revenue beat(2)6.21%
Max Revenue beat(2)25.68%
Revenue beat(4)2
Avg Revenue beat(4)2.89%
Min Revenue beat(4)-12.58%
Max Revenue beat(4)25.68%
Revenue beat(8)3
Avg Revenue beat(8)-0.41%
Revenue beat(12)5
Avg Revenue beat(12)2.6%
Revenue beat(16)8
Avg Revenue beat(16)4.94%
PT rev (1m)-4.41%
PT rev (3m)-4.41%
EPS NQ rev (1m)-40.81%
EPS NQ rev (3m)-40.81%
EPS NY rev (1m)-19.13%
EPS NY rev (3m)-40.85%
Revenue NQ rev (1m)-2.17%
Revenue NQ rev (3m)-2.17%
Revenue NY rev (1m)-0.59%
Revenue NY rev (3m)0.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.06 | ||
| Fwd PE | 8.79 | ||
| P/S | 0.65 | ||
| P/FCF | 26.94 | ||
| P/OCF | 4.81 | ||
| P/B | 1.02 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 7.07 |
EPS(TTM)0.47
EY9.04%
EPS(NY)0.59
Fwd EY11.38%
FCF(TTM)0.19
FCFY3.71%
OCF(TTM)1.08
OCFY20.81%
SpS8.02
BVpS5.12
TBVpS5.05
PEG (NY)N/A
PEG (5Y)1.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.88% | ||
| ROE | 6.5% | ||
| ROCE | 6.94% | ||
| ROIC | 5.48% | ||
| ROICexc | 6.39% | ||
| ROICexgc | 6.44% | ||
| OM | 8.7% | ||
| PM (TTM) | 4.14% | ||
| GM | 29.72% | ||
| FCFM | 2.41% |
ROA(3y)7.95%
ROA(5y)5.77%
ROE(3y)20.2%
ROE(5y)14.74%
ROIC(3y)9.97%
ROIC(5y)8.34%
ROICexc(3y)11.81%
ROICexc(5y)9.81%
ROICexgc(3y)11.84%
ROICexgc(5y)9.82%
ROCE(3y)12.62%
ROCE(5y)10.56%
ROICexcg growth 3Y8.56%
ROICexcg growth 5Y-3.23%
ROICexc growth 3Y8.21%
ROICexc growth 5Y-3.42%
OM growth 3Y18.44%
OM growth 5Y-0.58%
PM growth 3Y20.98%
PM growth 5Y2.01%
GM growth 3Y8.45%
GM growth 5Y0.87%
F-Score5
Asset Turnover0.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 23.03 | ||
| Debt/EBITDA | 3.42 | ||
| Cap/Depr | 191.37% | ||
| Cap/Sales | 11.08% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 93.09% | ||
| Profit Quality | 58.05% | ||
| Current Ratio | 2.05 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 1.85 |
F-Score5
WACC7.34%
ROIC/WACC0.75
Cap/Depr(3y)353.53%
Cap/Depr(5y)260.48%
Cap/Sales(3y)12.59%
Cap/Sales(5y)9.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-47.78%
EPS 3Y17.9%
EPS 5Y7.55%
EPS Q2Q%-73.81%
EPS Next Y-14.71%
EPS Next 2Y0.14%
EPS Next 3Y3.43%
EPS Next 5YN/A
Revenue 1Y (TTM)5.24%
Revenue growth 3Y9.25%
Revenue growth 5Y6%
Sales Q2Q%12.9%
Revenue Next Year22.75%
Revenue Next 2Y22.21%
Revenue Next 3Y-6.5%
Revenue Next 5YN/A
EBIT growth 1Y-16.05%
EBIT growth 3Y29.39%
EBIT growth 5Y5.38%
EBIT Next Year39.11%
EBIT Next 3Y22.76%
EBIT Next 5YN/A
FCF growth 1Y-81.45%
FCF growth 3Y14.01%
FCF growth 5Y3.25%
OCF growth 1Y-41.86%
OCF growth 3Y37.26%
OCF growth 5Y6.05%