PANGAEA LOGISTICS SOLUTIONS (PANL) Stock Fundamental Analysis
NASDAQ:PANL - Nasdaq - BMG6891L1054 - Common Stock
PANL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 29 industry peers in the Marine Transportation industry. PANL has only an average score on both its financial health and profitability. PANL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PANL had positive earnings in the past year.
In the past year PANL had a positive cash flow from operations.
In the past 5 years PANL has always been profitable.
Each year in the past 5 years PANL had a positive operating cash flow.
1.2 Ratios
PANL has a worse Return On Assets (2.88%) than 60.71% of its industry peers.
With a Return On Equity value of 6.50%, PANL is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 5.48%, PANL perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PANL 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.
PANL's Operating Margin of 8.70% is on the low side compared to the rest of the industry. PANL is outperformed by 78.57% of its industry peers.
In the last couple of years the Operating Margin of PANL has remained more or less at the same level.
With a Gross Margin value of 29.72%, PANL is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of PANL has remained more or less at the same level.
| 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
PANL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, PANL has more shares outstanding
The number of shares outstanding for PANL has been increased compared to 5 years ago.
PANL has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.74, we must say that PANL is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.74, PANL is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
The Debt to FCF ratio of PANL is 23.03, which is on the high side as it means it would take PANL, 23.03 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PANL (23.03) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.78 indicates that PANL is somewhat dependend on debt financing.
PANL has a worse Debt to Equity ratio (0.78) than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 23.03 | ||
| Altman-Z | 1.74 |
ROIC/WACC0.76
WACC7.19%
2.3 Liquidity
PANL has a Current Ratio of 2.05. This indicates that PANL is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.05, PANL is doing good in the industry, outperforming 67.86% of the companies in the same industry.
PANL has a Quick Ratio of 1.77. This is a normal value and indicates that PANL is financially healthy and should not expect problems in meeting 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.
Looking at the last year, PANL shows a small growth in Revenue. The Revenue has grown by 5.24% in the last year.
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
Based on estimates for the next years, PANL will show a small growth in Earnings Per Share. The EPS will grow by 2.34% on average per year.
Based on estimates for the next years, PANL will show a quite strong growth in Revenue. The Revenue will grow by 13.91% on average per year.
EPS Next Y5.46%
EPS Next 2Y14.88%
EPS Next 3Y2.34%
EPS Next 5YN/A
Revenue Next Year23.48%
Revenue Next 2Y18.15%
Revenue Next 3Y13.91%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.83 indicates a reasonable valuation of PANL.
Compared to the rest of the industry, the Price/Earnings ratio of PANL indicates a slightly more expensive valuation: PANL is more expensive than 67.86% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, PANL is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 7.14, the valuation of PANL can be described as very cheap.
The rest of the industry has a similar Price/Forward Earnings ratio as PANL.
PANL is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.83 | ||
| Fwd PE | 7.14 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PANL.
PANL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.79 | ||
| EV/EBITDA | 6.05 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.17
PEG (5Y)1.57
EPS Next 2Y14.88%
EPS Next 3Y2.34%
5. Dividend
5.1 Amount
PANL has a Yearly Dividend Yield of 7.08%, which is a nice return.
PANL's Dividend Yield is a higher than the industry average which is at 9.88.
Compared to an average S&P500 Dividend Yield of 2.28, PANL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.08% |
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 2Y14.88%
EPS Next 3Y2.34%
PANGAEA LOGISTICS SOLUTIONS
NASDAQ:PANL (1/21/2025, 8:19:19 PM)
After market: 5.61 +0.05 (+0.9%)5.56
-0.12 (-2.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners55.81%
Inst Owner Change-0.07%
Ins Owners23.42%
Ins Owner Change-0.03%
Market Cap260.76M
Analysts84.44
Price Target10.01 (80.04%)
Short Float %2.17%
Short Ratio2.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.08% |
Yearly Dividend0.39
Dividend Growth(5Y)49.55%
DP85.39%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
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)0%
PT rev (3m)-2.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-47.31%
EPS NY rev (1m)0%
EPS NY rev (3m)-29.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.83 | ||
| Fwd PE | 7.14 | ||
| P/S | 0.5 | ||
| P/FCF | 20.79 | ||
| P/OCF | 3.71 | ||
| P/B | 0.78 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 6.05 |
EPS(TTM)0.47
EY8.45%
EPS(NY)0.78
Fwd EY14%
FCF(TTM)0.27
FCFY4.81%
OCF(TTM)1.5
OCFY26.96%
SpS11.11
BVpS7.09
TBVpS7
PEG (NY)2.17
PEG (5Y)1.57
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 | 1.74 |
F-Score5
WACC7.19%
ROIC/WACC0.76
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 Y5.46%
EPS Next 2Y14.88%
EPS Next 3Y2.34%
EPS Next 5YN/A
Revenue 1Y (TTM)5.24%
Revenue growth 3Y9.25%
Revenue growth 5Y6%
Sales Q2Q%12.9%
Revenue Next Year23.48%
Revenue Next 2Y18.15%
Revenue Next 3Y13.91%
Revenue Next 5YN/A
EBIT growth 1Y-16.05%
EBIT growth 3Y29.39%
EBIT growth 5Y5.38%
EBIT Next Year45.46%
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%