PANGAEA LOGISTICS SOLUTIONS (PANL)
BMG6891L1054 - Common Stock
We assign a fundamental rating of 5 out of 10 to PANL. 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 decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years PANL has been profitable.
PANL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 3.73%, PANL perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
The Return On Equity of PANL (8.13%) is comparable to the rest of the industry.
PANL has a Return On Invested Capital of 6.11%. This is in the better half of the industry: PANL outperforms 62.07% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PANL is above the industry average of 7.78%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.73% | ||
| ROE | 8.13% | ||
| ROIC | 6.11% |
ROA(3y)7.95%
ROA(5y)5.77%
ROE(3y)20.2%
ROE(5y)14.74%
ROIC(3y)9.89%
ROIC(5y)8.29%
1.3 Margins
Looking at the Profit Margin, with a value of 5.27%, PANL is doing worse than 65.52% of the companies in the same industry.
In the last couple of years the Profit Margin of PANL has grown nicely.
PANL has a worse Operating Margin (9.30%) than 72.41% of its industry peers.
In the last couple of years the Operating Margin of PANL has remained more or less at the same level.
PANL has a worse Gross Margin (31.05%) than 72.41% of its industry peers.
PANL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.3% | ||
| PM (TTM) | 5.27% | ||
| GM | 31.05% |
OM growth 3Y17%
OM growth 5Y-1.31%
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.
PANL has more shares outstanding than it did 1 year ago.
PANL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, PANL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.94 indicates that PANL is not a great score, but indicates only limited risk for bankruptcy at the moment.
PANL has a Altman-Z score of 1.94. This is in the better half of the industry: PANL outperforms 68.97% of its industry peers.
PANL has a debt to FCF ratio of 9.97. This is a negative value and a sign of low solvency as PANL would need 9.97 years to pay back of all of its debts.
With a Debt to FCF ratio value of 9.97, PANL perfoms like the industry average, outperforming 58.62% of the companies in the same industry.
A Debt/Equity ratio of 0.65 indicates that PANL is somewhat dependend on debt financing.
PANL's Debt to Equity ratio of 0.65 is on the low side compared to the rest of the industry. PANL is outperformed by 65.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 9.97 | ||
| Altman-Z | 1.94 |
ROIC/WACC0.83
WACC7.4%
2.3 Liquidity
PANL has a Current Ratio of 1.82. 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 Current ratio value of 1.82, PANL perfoms like the industry average, outperforming 58.62% of the companies in the same industry.
PANL has a Quick Ratio of 1.66. This is a normal value and indicates that PANL is financially healthy and should not expect problems in meeting its short term obligations.
PANL has a Quick ratio of 1.66. This is comparable to the rest of the industry: PANL outperforms 58.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.66 |
3. Growth
3.1 Past
PANL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -66.67%.
Measured over the past 5 years, PANL shows a small growth in Earnings Per Share. The EPS has been growing by 7.55% on average per year.
Looking at the last year, PANL shows a very negative growth in Revenue. The Revenue has decreased by -28.64% in the last year.
Measured over the past years, PANL shows a small growth in Revenue. The Revenue has been growing by 6.00% on average per year.
EPS 1Y (TTM)-66.67%
EPS 3Y17.9%
EPS 5Y7.55%
EPS growth Q2Q-91.18%
Revenue 1Y (TTM)-28.64%
Revenue growth 3Y9.25%
Revenue growth 5Y6%
Revenue growth Q2Q3.11%
3.2 Future
Based on estimates for the next years, PANL will show a very strong growth in Earnings Per Share. The EPS will grow by 37.90% on average per year.
The Revenue is expected to grow by 2.65% on average over the next years.
EPS Next Y50.41%
EPS Next 2Y37.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.64%
Revenue Next 2Y2.65%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.80, the valuation of PANL can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as PANL.
The average S&P500 Price/Earnings ratio is at 28.38. PANL is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 8.51, which indicates a very decent valuation of PANL.
The rest of the industry has a similar Price/Forward Earnings ratio as PANL.
PANL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 8.51 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PANL.
Based on the Price/Free Cash Flow ratio, PANL is valued a bit cheaper than 62.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.3 | ||
| EV/EBITDA | 6.77 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PANL's earnings are expected to grow with 37.90% in the coming years.
PEG (NY)0.25
PEG (5Y)1.69
EPS Next 2Y37.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PANL has a Yearly Dividend Yield of 5.15%, which is a nice return.
Compared to an average industry Dividend Yield of 4.56, 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 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
5.2 History
The dividend of PANL is nicely growing with an annual growth rate of 49.55%!
PANL has been paying a dividend for over 5 years, so it has already some track record.
PANL has decreased its dividend in the last 3 years.
Dividend Growth(5Y)49.55%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
68.74% of the earnings are spent on dividend by PANL. This is not a sustainable payout ratio.
The dividend of PANL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP68.74%
EPS Next 2Y37.9%
EPS Next 3YN/A
PANGAEA LOGISTICS SOLUTIONS
NASDAQ:PANL (5/10/2024, 7:11:42 PM)
After market: 7.55 0 (0%)7.55
-0.21 (-2.71%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap352.74M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.15% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.8 | ||
| Fwd PE | 8.51 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.25
PEG (5Y)1.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.73% | ||
| ROE | 8.13% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.3% | ||
| PM (TTM) | 5.27% | ||
| GM | 31.05% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.82 | ||
| Quick Ratio | 1.66 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-66.67%
EPS 3Y17.9%
EPS 5Y
EPS growth Q2Q
EPS Next Y50.41%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-28.64%
Revenue growth 3Y9.25%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y