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Pangaea Logistic

Industrials US PANL

8.35USD
0.11(1.33%)

Last update at 2026-03-10T20:25:00Z

Day Range

8.148.58
LowHigh

52 Week Range

5.149.41
LowHigh

Fundamentals

  • Previous Close 8.24
  • Market Cap367.22M
  • Volume785338
  • P/E Ratio10.45
  • Dividend Yield5.10%
  • EBITDA79.90M
  • Revenue TTM490.32M
  • Revenue Per Share TTM10.92
  • Gross Profit TTM 158.43M
  • Diluted EPS TTM0.75

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 85.51M 72.37M 12.69M 17.05M 23.98M
Minority interest -6.01629M -5.14687M 51.67M 72.83M 71.68M
Net income 79.49M 67.23M 2.54M 2.07M 17.76M
Selling general administrative 20.10M 18.97M 15.92M 17.38M 16.48M
Selling and marketing expenses - - - - -
Gross profit 128.94M 97.84M 38.14M 49.97M 53.42M
Reconciled depreciation 29.49M 22.97M 17.06M 18.53M 17.62M
Ebit 105.51M 78.87M 19.70M 32.91M 37.61M
Ebitda 139.13M 102.98M 40.27M 51.44M 55.23M
Depreciation and amortization 33.62M 24.10M 20.57M 18.53M 17.62M
Non operating income net other 1.12M 0.60M 6.00M - 7.58M
Operating income 105.51M 78.87M 19.70M 32.91M 36.07M
Other operating expenses 590.87M 639.23M 360.67M 379.60M 336.04M
Interest expense 21.49M 11.51M 7.83M 9.28M 8.90M
Tax provision - - - - -
Interest income - - - 6.52M 12.77M
Net interest income -21.48958M -11.51414M -7.83131M -9.27802M -8.89723M
Extraordinary items - - - - -
Non recurring 0.88M 0.69M 11.12M - 7.00M
Other items - - - - -
Income tax expense 8.66M 17.79M 10.15M 14.98M 10.95M
Total revenue 699.71M 718.10M 382.90M 412.20M 372.97M
Total operating expenses 20.10M 18.97M 15.92M 17.38M 16.48M
Cost of revenue 570.77M 620.27M 344.75M 362.22M 319.56M
Total other income expense net -20.00011M -6.49850M -7.00499M -15.86013M -4.05229M
Discontinued operations - - - - -
Net income from continuing ops 210.06M 184.21M 12.69M 17.05M 58.84M
Net income applicable to common shares 210.06M 184.21M 11.35M 11.66M 17.76M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 705.18M 748.24M 707.02M 450.40M 479.90M
Intangible assets 1.78M 46.63M - 80.94M -
Earning assets - - - - -
Other current assets 20.05M 28.27M 46.35M 19.52M 18.77M
Total liab 334.98M 379.52M 406.34M 215.97M 236.83M
Total stockholder equity 323.89M 314.23M 247.20M 182.77M 170.25M
Deferred long term liab - 18.28M - 57.09M -
Other current liab 30.70M 0.63M 0.21M 1.01M 0.63M
Common stock 0.00465M 0.00459M 0.00456M 0.00455M 0.00449M
Capital stock 0.00465M 0.00459M 0.00456M 0.00455M 0.00449M
Retained earnings 159.03M 151.33M 85.66M 23.18M 12.74M
Other liab - 19.97M 17.81M 10.14M 4.83M
Good will 3.10M 15.54M - 15.54M -
Other assets - - 1.99M 0.00006M 16.86M
Cash 88.83M 128.38M 56.21M 46.90M 50.56M
Cash and equivalents - - - - -
Total current liabilities 105.33M 92.21M 111.74M 110.81M 90.85M
Current deferred revenue 15.63M 20.88M 32.21M 12.80M 14.38M
Net debt 175.60M 171.10M 250.75M 112.73M 126.47M
Short term debt 52.72M 32.15M 30.17M 64.60M 35.87M
Short long term debt 30.75M 15.78M 15.69M 60.13M 23.32M
Short long term debt total 264.44M 299.48M 306.96M 159.63M 177.02M
Other stockholder equity 164.85M 162.89M 161.53M 159.58M 157.50M
Property plant equipment - 143.44M 128.83M 321.98M 335.09M
Total current assets 191.83M 222.51M 183.96M 113.03M 126.96M
Long term investments 3.81M 259.86M 3.96M 15.39M 15.36M
Net tangible assets - 1213.20M 1099.91M 182.77M 170.25M
Short term investments 10.21M 484.35M 351.19M 0.00002M -
Net receivables 53.67M 36.76M 54.26M 29.15M 28.31M
Long term debt 68.45M 98.82M 105.84M 54.64M 88.48M
Inventory 19.07M 29.10M 27.15M 15.97M 21.00M
Accounts payable 6.28M 38.55M 49.15M 32.40M 39.97M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -76.72739M
Additional paid in capital - - - - -
Common stock total equity - 0.49M 0.49M 0.00455M 0.00449M
Preferred stock total equity - 0.00200M 0.00200M 0.00200M -
Retained earnings total equity - 653.28M 500.21M 353.93M -
Treasury stock - -41.28400M -41.28400M -41.28400M -
Accumulated amortization - - - - -
Non currrent assets other 8695090.12M 6.21M 3.96M 103.34M 2.50M
Deferred long term asset charges - - - - -
Non current assets total 513.35M 525.73M 523.06M 337.37M 352.95M
Capital lease obligations 165.24M 184.88M 185.44M 57.50M 70.05M
Long term debt total - - - - 141.15M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -233.53700M -414.19600M -6.88772M -46.60225M 4.39M
Change to liabilities -8.13700M 24.14M -12.46439M 9.96M 31.22M
Total cashflows from investing activities -280.74300M -457.75100M -6.88772M -46.60225M -21.00100M
Net borrowings -7.77717M 148.44M -17.53961M 9.77M -0.94218M
Total cash from financing activities -34.11660M 143.86M -18.60566M -0.91613M -5.04249M
Change to operating activities 19.09M -24.93543M 0.34M -6.24727M 1.62M
Net income 85.51M 72.37M 12.69M 17.05M 23.98M
Change in cash 72.18M 7.81M -4.65787M -3.05964M 17.58M
Begin period cash flow 56.21M 48.40M 53.06M 56.11M 38.53M
End period cash flow 128.38M 56.21M 48.40M 53.06M 56.11M
Total cash from operating activities 134.80M 61.75M 20.84M 44.46M 40.13M
Issuance of capital stock - - - - -
Depreciation 29.49M 22.97M 17.06M 18.53M 17.62M
Other cashflows from investing activities -4.70900M -0.39400M -0.62800M -0.62800M 0.03M
Dividends paid 13.41M 5.54M 0.54M 8.09M 2.27M
Change to inventory -1.95668M -11.18151M 5.03M -2.42550M -3.86537M
Change to account receivables 15.13M -26.66649M -0.99517M -0.72597M -7.66135M
Sale purchase of stock 1.57M 1.51M 1.18M -0.17928M -0.05081M
Other cashflows from financing activities 10.58M 221.27M 17.47M 37.00M 50837.97M
Change to netincome 15.24M 50.45M -0.26989M 12.86M 32.76M
Capital expenditures 36.39M 196.65M 2.93M 56.99M 17.54M
Change receivables 14.97M -25.37800M -21.80900M - 9.23M
Cash flows other operating -92.07500M -37.79100M 1.39M - 2.67M
Exchange rate changes - - - - -
Cash and cash equivalents changes -218.56300M -318.01900M 498.38M - 78.18M
Change in working capital 12.00M -26.39446M -8.08677M 0.56M -6.12205M
Stock based compensation 1.77M 2.10M 2.31M 1737315.00M 1200214.00M
Other non cash items 6.04M -5.85482M -4.89645M 8.32M -0.11973M
Free cash flow 98.41M -134.90824M 17.91M -12.53224M 22.59M

Peer Comparison

Sector: Industrials Industry: Marine Shipping

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
PANL
Pangaea Logistic		 0.11 1.33% 8.35 10.45 9.30 0.63 0.97 0.96 6.29
CICOY
COSCO SHIPPING Holdings Co Ltd ADR		 0.04 0.41% 9.75 4.54 5.81 0.15 0.79 0.54 2.00
CICOF
COSCO SHIPPING Holdings Co. Ltd		 - -% 1.98 4.65 5.66 0.14 0.78 0.54 2.02
AMKBF
A.P. Møller - Mærsk A/S		 - -% 2644.60 7.17 35.46 0.51 0.47 0.70 2.73
AMKAF
AP Moeller - Maersk A/S A		 - -% 2671.00 6.77 33.44 0.51 0.45 0.70 2.61

Reports Covered

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Profile

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The company's ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. It owns and operates a fleet of vessels. The company was founded in 1996 and is headquartered in Newport, Rhode Island.

Pangaea Logistic

109 Long Wharf, Newport, RI, United States, 02840

Key Executives

Name Title Year Born
Mr. Mark L. Filanowski CEO & Director 1954
Mr. Gianni Del Signore CFO & Sec. 1983
Mr. Mads Boye Petersen Chief Operating Officer NA
Mr. Gianni Del Signore CFO & Secretary 1983
Mr. Mads Rosenberg Boye Petersen Chief Operating Officer NA

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