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 34 industry peers in the Marine Transportation industry. While PANL is still in line with the averages on profitability rating, there are concerns on its financial health. PANL has a decent growth rate and is not valued too expensively.
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.
PANL had positive earnings in each of the past 5 years.
Each year in the past 5 years PANL had a positive operating cash flow.
1.2 Ratios
PANL has a Return On Assets (1.66%) which is in line with its industry peers.
PANL has a worse Return On Equity (3.62%) than 61.76% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.94%, PANL is in line with its industry, outperforming 44.12% of the companies in the same industry.
PANL had an Average Return On Invested Capital over the past 3 years of 8.02%. This is in line with the industry average of 7.64%.
The 3 year average ROIC (8.02%) for PANL is well above the current ROIC(3.94%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 3.62% | ||
| ROIC | 3.94% |
ROA(3y)5.81%
ROA(5y)5.9%
ROE(3y)13.4%
ROE(5y)14.72%
ROIC(3y)8.02%
ROIC(5y)7.94%
1.3 Margins
PANL has a Profit Margin of 2.75%. This is in the lower half of the industry: PANL underperforms 64.71% of its industry peers.
In the last couple of years the Profit Margin of PANL has grown nicely.
PANL has a Operating Margin of 7.28%. This is in the lower half of the industry: PANL underperforms 61.76% of its industry peers.
In the last couple of years the Operating Margin of PANL has grown nicely.
PANL's Gross Margin of 29.37% is on the low side compared to the rest of the industry. PANL is outperformed by 73.53% of its industry peers.
PANL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.28% | ||
| PM (TTM) | 2.75% | ||
| GM | 29.37% |
OM growth 3Y-6.33%
OM growth 5Y2.62%
PM growth 3Y-16.81%
PM growth 5Y13.67%
GM growth 3Y9.18%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PANL is still creating some value.
The number of shares outstanding for PANL has been increased compared to 1 year ago.
PANL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PANL is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.49, we must say that PANL is in the distress zone and has some risk of bankruptcy.
PANL's Altman-Z score of 1.49 is fine compared to the rest of the industry. PANL outperforms 70.59% of its industry peers.
PANL has a Debt/Equity ratio of 0.81. This is a neutral value indicating PANL is somewhat dependend on debt financing.
The Debt to Equity ratio of PANL (0.81) is worse than 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.49 |
ROIC/WACC0.59
WACC6.66%
2.3 Liquidity
PANL has a Current Ratio of 1.61. This is a normal value and indicates that PANL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.61, PANL is in line with its industry, outperforming 55.88% of the companies in the same industry.
PANL has a Quick Ratio of 1.28. This is a normal value and indicates that PANL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.28, PANL is in line with its industry, outperforming 52.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
PANL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -55.26%.
PANL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.25% yearly.
PANL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.11%.
PANL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.41% yearly.
EPS 1Y (TTM)-55.26%
EPS 3Y-25.51%
EPS 5Y5.25%
EPS Q2Q%-112%
Revenue 1Y (TTM)13.11%
Revenue growth 3Y-9.26%
Revenue growth 5Y5.41%
Sales Q2Q%17.24%
3.2 Future
The Earnings Per Share is expected to grow by 14.96% on average over the next years. This is quite good.
The Revenue is expected to grow by 12.17% on average over the next years. This is quite good.
EPS Next Y-63.26%
EPS Next 2Y14.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.93%
Revenue Next 2Y12.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.12, which indicates a correct valuation of PANL.
Compared to the rest of the industry, the Price/Earnings ratio of PANL is on the same level as its industry peers.
When comparing the Price/Earnings ratio of PANL to the average of the S&P500 Index (27.45), we can say PANL is valued slightly cheaper.
PANL is valuated cheaply with a Price/Forward Earnings ratio of 6.27.
Based on the Price/Forward Earnings ratio, PANL is valued a bit cheaper than 61.76% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PANL to the average of the S&P500 Index (21.90), we can say PANL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.12 | ||
| Fwd PE | 6.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PANL is valued a bit more expensive than 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.02 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PANL's earnings are expected to grow with 14.96% in the coming years.
PEG (NY)N/A
PEG (5Y)2.88
EPS Next 2Y14.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PANL has a Yearly Dividend Yield of 3.89%.
Compared to an average industry Dividend Yield of 7.93, PANL pays a bit more dividend than its industry peers.
PANL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
5.2 History
On average, the dividend of PANL grows each year by 13.01%, 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)13.01%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
134.89% of the earnings are spent on dividend by PANL. This is not a sustainable payout ratio.
PANL's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP134.89%
EPS Next 2Y14.96%
EPS Next 3YN/A
5.14
+0.07 (+1.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners39.7%
Inst Owner Change0.54%
Ins Owners17.33%
Ins Owner Change3.92%
Market Cap337.29M
Analysts84.44
Price Target8.98 (74.71%)
Short Float %4.68%
Short Ratio4.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
Yearly Dividend0.34
Dividend Growth(5Y)13.01%
DP134.89%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)113.45%
Min EPS beat(2)74.79%
Max EPS beat(2)152.1%
EPS beat(4)2
Avg EPS beat(4)29.71%
Min EPS beat(4)-60.35%
Max EPS beat(4)152.1%
EPS beat(8)4
Avg EPS beat(8)26.54%
EPS beat(12)7
Avg EPS beat(12)21.32%
EPS beat(16)10
Avg EPS beat(16)22.87%
Revenue beat(2)1
Avg Revenue beat(2)4.96%
Min Revenue beat(2)-6.27%
Max Revenue beat(2)16.2%
Revenue beat(4)3
Avg Revenue beat(4)10.45%
Min Revenue beat(4)-6.27%
Max Revenue beat(4)25.68%
Revenue beat(8)3
Avg Revenue beat(8)1.93%
Revenue beat(12)5
Avg Revenue beat(12)1.51%
Revenue beat(16)7
Avg Revenue beat(16)3.61%
PT rev (1m)-6.22%
PT rev (3m)-6.22%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)-75.02%
EPS NY rev (1m)9.84%
EPS NY rev (3m)-1.47%
Revenue NQ rev (1m)0.78%
Revenue NQ rev (3m)-8.34%
Revenue NY rev (1m)1.6%
Revenue NY rev (3m)-7.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.12 | ||
| Fwd PE | 6.27 | ||
| P/S | 0.61 | ||
| P/FCF | N/A | ||
| P/OCF | 6.44 | ||
| P/B | 0.8 | ||
| P/tB | 0.81 | ||
| EV/EBITDA | 9.02 |
EPS(TTM)0.34
EY6.61%
EPS(NY)0.82
Fwd EY15.94%
FCF(TTM)-0.26
FCFYN/A
OCF(TTM)0.8
OCFY15.52%
SpS8.45
BVpS6.41
TBVpS6.35
PEG (NY)N/A
PEG (5Y)2.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 3.62% | ||
| ROCE | 4.99% | ||
| ROIC | 3.94% | ||
| ROICexc | 4.28% | ||
| ROICexgc | 4.3% | ||
| OM | 7.28% | ||
| PM (TTM) | 2.75% | ||
| GM | 29.37% | ||
| FCFM | N/A |
ROA(3y)5.81%
ROA(5y)5.9%
ROE(3y)13.4%
ROE(5y)14.72%
ROIC(3y)8.02%
ROIC(5y)7.94%
ROICexc(3y)9.68%
ROICexc(5y)9.32%
ROICexgc(3y)9.71%
ROICexgc(5y)9.34%
ROCE(3y)10.15%
ROCE(5y)10.05%
ROICexcg growth 3Y-23.43%
ROICexcg growth 5Y-7.41%
ROICexc growth 3Y-23.57%
ROICexc growth 5Y-7.52%
OM growth 3Y-6.33%
OM growth 5Y2.62%
PM growth 3Y-16.81%
PM growth 5Y13.67%
GM growth 3Y9.18%
GM growth 5Y1.43%
F-Score3
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.67 | ||
| Cap/Depr | 212.06% | ||
| Cap/Sales | 12.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.49% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z | 1.49 |
F-Score3
WACC6.66%
ROIC/WACC0.59
Cap/Depr(3y)147.54%
Cap/Depr(5y)261.22%
Cap/Sales(3y)7.87%
Cap/Sales(5y)10.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-55.26%
EPS 3Y-25.51%
EPS 5Y5.25%
EPS Q2Q%-112%
EPS Next Y-63.26%
EPS Next 2Y14.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)13.11%
Revenue growth 3Y-9.26%
Revenue growth 5Y5.41%
Sales Q2Q%17.24%
Revenue Next Year7.93%
Revenue Next 2Y12.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-19.81%
EBIT growth 3Y-15%
EBIT growth 5Y8.18%
EBIT Next Year98.24%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-118.06%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-54.21%
OCF growth 3Y2.11%
OCF growth 5Y8.1%