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. There are concerns on the financial health of PANL while its profitability can be described as average. PANL is not valued too expensively and it also shows a decent growth rate.
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.
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.
With a Return On Equity value of 3.62%, PANL is not doing good in the industry: 61.76% of the companies in the same industry are doing better.
PANL's Return On Invested Capital of 3.94% is in line compared to the rest of the industry. PANL outperforms 44.12% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PANL 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
The Profit Margin of PANL (2.75%) is worse than 64.71% of its industry peers.
PANL's Profit Margin has improved in the last couple of years.
PANL has a worse Operating Margin (7.28%) than 61.76% of its industry peers.
PANL's Operating Margin has improved in the last couple of years.
PANL has a Gross Margin of 29.37%. This is in the lower half of the industry: PANL underperforms 73.53% of its industry peers.
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 | 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
PANL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for PANL has been increased compared to 1 year ago.
The number of shares outstanding for PANL has been increased compared to 5 years ago.
PANL has a worse debt/assets ratio than last year.
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 has a better Altman-Z score (1.49) than 70.59% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that PANL is somewhat dependend on debt financing.
PANL's Debt to Equity ratio of 0.81 is on the low side compared to the rest of the industry. PANL is outperformed by 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
WACC6.72%
2.3 Liquidity
A Current Ratio of 1.61 indicates that PANL should not have too much problems paying its short term obligations.
PANL has a Current ratio (1.61) which is comparable to the rest of the 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.
With a Quick ratio value of 1.28, PANL perfoms like the industry average, 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
The earnings per share for PANL have decreased strongly by -55.26% in the last year.
The Earnings Per Share has been growing slightly by 5.25% on average over the past years.
PANL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.11%.
Measured over the past years, PANL shows a small growth in Revenue. The Revenue has been growing by 5.41% on average per year.
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
Based on estimates for the next years, PANL will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.96% on average per year.
PANL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.17% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 15.35, PANL is valued correctly.
PANL's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.30, PANL is valued a bit cheaper.
A Price/Forward Earnings ratio of 6.37 indicates a rather cheap valuation of PANL.
Based on the Price/Forward Earnings ratio, PANL is valued a bit cheaper than the industry average as 61.76% of the companies are valued more expensively.
PANL is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.35 | ||
| Fwd PE | 6.37 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PANL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.04 |
4.3 Compensation for Growth
PANL's earnings are expected to grow with 14.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)2.92
EPS Next 2Y14.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PANL has a Yearly Dividend Yield of 3.87%.
Compared to an average industry Dividend Yield of 7.55, PANL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, PANL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
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
PANL pays out 134.89% of its income as dividend. 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
5.22
+0.05 (+0.97%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners39.7%
Inst Owner Change0%
Ins Owners17.33%
Ins Owner Change3.92%
Market Cap342.54M
Analysts84.44
Price Target8.98 (72.03%)
Short Float %4.68%
Short Ratio4.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.87% |
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)0%
EPS NQ rev (3m)-75.02%
EPS NY rev (1m)9.84%
EPS NY rev (3m)-1.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.34%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.35 | ||
| Fwd PE | 6.37 | ||
| P/S | 0.62 | ||
| P/FCF | N/A | ||
| P/OCF | 6.54 | ||
| P/B | 0.81 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 9.04 |
EPS(TTM)0.34
EY6.51%
EPS(NY)0.82
Fwd EY15.7%
FCF(TTM)-0.26
FCFYN/A
OCF(TTM)0.8
OCFY15.28%
SpS8.45
BVpS6.41
TBVpS6.35
PEG (NY)N/A
PEG (5Y)2.92
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
WACC6.72%
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%