Pangaea Logistics Solutions Ltd. PANL R2K

Industrials · Marine Shipping · United States

https://www.pangaeals.com

Pangaea Logistics Solutions Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers transportation services for various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone; and terminal and stevedoring services. The company also provides cargo loading, cargo discharge, port and terminal operations, vessel chartering, voyage planning, and technical vessel management. It owns and operates a fleet of 7 vessels. The company was founded in 1996 and is headquartered in Newport, Rhode Island.

Market & Price

Market Cap

$495.19M

Current Price

$7.57

High / Low (52W)

$9.35 / $4.28

Beta

0.80

Valuation

Stock P/E

14.02

Industry PE

28.38

Forward P/E

8.57

PEG Ratio

Book Value

$6.61

Price to Book

1.15

P/S

0.73

EV/EBITDA

8.99

Dividend Yield

2.64%

Profitability & Returns

ROCE

5.52%

ROE

7.55%

ROA

3.07%

Profit Margin

5.10%

Op Margin

6.35%

EPS (Latest Qtr)

$0.21

EPS (TTM)

$0.54

Balance Sheet & Liquidity

Debt/Equity

0.74

Quick Ratio

1.08

Current Ratio

1.63

Debt

$360.03M

Total Assets

$928.10M

Current Assets

$215.78M

Working Capital

$87.74M

Ownership

Promoter Holding

51.19%

Chg in Prom Hold

4.82%

FII / Inst Holding

42.01%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$811.25M

Total Revenue (TTM)

$679.82M

EBITDA

$90.27M

Free Cash Flow

$46.42M

Operating Cash Flow

$62.58M

Shares Outstanding

65.41M

Gross Margin

18.25%

Payout Ratio

37.04%

Growth (CAGR)

Revenue 5Y

-3.33%

Profit 5Y

-37.54%

Revenue (YoY)

38.90%

Earnings (YoY)

PROS

Attractive dividend yield of 2.64%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -3.3% CAGR over 5 years.
Earnings shrank at -37.5% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PANL Pangaea Logistics Solutions Ltd. R2K	7.57	14.02	$495.19M	2.64%	5.52%	7.55%	-3.33%	-37.54%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	79.00M	96.80M	95.30M	101.90M	79.60M	83.30M	118.90M	130.50M	95.90M	70.40M	103.80M	112.90M	125.00M	145.50M	213.10M	234.60M	191.70M	195.60M	184.50M	127.90M	113.70M	118.08M	135.62M	131.90M	104.75M	131.50M	-	-	122.80M	156.69M	168.67M	183.88M	170.58M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112.60M	145.86M	142.17M	162.39M	149.73M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10.20M	10.83M	26.50M	21.49M	20.85M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.27M	7.17M	9.88M	6.74M	10.03M
Operating Income	800.00K	7.80M	800.00K	-355.75K	-1.19M	10.02M	6.80M	7.90M	8.40M	12.10M	7.70M	4.30M	6.80M	13.00M	-900.00K	-2.30M	3.80M	10.00M	8.30M	6.50M	16.10M	25.60M	30.80M	19.90M	36.40M	30.40M	18.70M	6.50M	7.85M	19.71M	10.60M	11.03M	7.61M	-	-	2.93M	3.65M	16.61M	14.75M	10.82M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.87M	13.73M	29.11M	29.94M	31.49M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.15M	6.03M	5.91M	5.92M	5.94M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.20M	-2.90M	12.99M	12.28M	13.67M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	100.00K	6.10M	100.00K	1.35M	-4.74M	7.18M	4.10M	4.30M	5.70M	8.30M	-500.00K	3.70M	4.10M	8.30M	-4.40M	-6.80M	3.00M	7.60M	7.60M	5.80M	19.20M	27.10M	15.20M	20.00M	25.20M	18.70M	15.50M	3.47M	2.84M	18.87M	1.10M	11.67M	3.68M	-	-	-1.98M	-2.74M	12.21M	11.88M	13.29M
Diluted EPS	0.00	0.17	0.00	0.04	-0.13	0.17	0.09	0.10	0.13	0.19	0.00	0.09	0.09	0.19	-0.10	-0.16	0.07	0.17	0.17	0.13	0.43	0.60	0.34	0.45	0.56	0.42	0.34	0.08	0.06	0.42	0.03	0.25	0.08	-	-	-0.03	-0.04	0.19	0.19	0.21

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	385.95M	372.97M	412.20M	382.90M	-	699.71M	499.27M	536.54M	632.04M
Cost of Revenue	-	-	-	-	-	-	-	-	-	570.77M	430.13M	463.46M	563.03M
Gross Profit	-	-	-	-	-	-	-	-	-	128.94M	69.14M	73.07M	69.02M
Operating Expenses	-	-	-	-	-	-	-	-	-	20.10M	22.78M	24.63M	31.07M
Operating Income	21.38M	-2.49M	20.53M	12.89M	16.03M	36.07M	23.26M	19.70M	-	108.83M	46.36M	48.45M	37.94M
EBITDA	-	-	-	-	-	-	-	-	-	137.42M	76.10M	82.32M	86.65M
Interest Expense	-	-	-	-	-	-	-	-	-	22.42M	17.49M	20.18M	24.01M
Pretax Income	-	-	-	-	-	-	-	-	-	85.51M	28.54M	31.77M	20.17M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	15.45M	-12.13M	11.28M	7.46M	7.81M	17.76M	11.66M	11.35M	-	79.49M	26.32M	28.90M	19.37M
Diluted EPS	-0.65	-1.61	0.32	0.21	0.20	0.42	0.27	0.26	-	1.76	0.58	0.63	0.30

Compounded Sales Growth

5 Years:	-3.33%
1 Year:	38.90%

Compounded Profit Growth

5 Years:	-37.54%
1 Year:	-

Stock Price Performance

1 Year:	+73.90%
6 Months:	+7.36%
3 Months:	-19.04%
1 Month:	-0.39%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	330.37M	331.66M	366.96M	362.19M	423.30M	453.47M	479.90M	450.40M	-	748.24M	705.18M	936.46M	928.10M
Current Assets	-	-	-	-	-	-	-	-	-	-	222.51M	191.83M	191.99M	215.78M
Cash & Equivalents	19.70M	37.52M	29.82M	37.52M	22.32M	34.53M	53.61M	50.56M	46.90M	-	128.38M	99.04M	86.81M	103.05M
Inventory	-	-	-	-	-	-	-	-	-	-	29.10M	16.56M	32.85M	28.39M
Receivables	-	-	-	-	-	-	-	-	-	-	36.76M	47.89M	42.37M	55.85M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	379.52M	334.98M	461.79M	453.36M
Current Liabilities	-	111.89M	144.69M	72.15M	77.88M	70.01M	79.05M	90.85M	110.81M	-	92.21M	105.33M	109.11M	128.03M
Long Term Debt	-	-	-	-	-	117.62M	95.37M	83.65M	-	-	98.82M	68.45M	112.72M	97.16M
Total Debt	-	-	-	-	-	-	-	-	-	-	299.48M	264.44M	167.84M	152.43M
Total Equity	-	-5.85M	97.82M	108.21M	116.27M	145.35M	161.69M	170.25M	182.77M	-	314.23M	323.89M	427.82M	429.33M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	45.90M	46.47M	64.96M	64.97M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	29.22M	40.13M	44.46M	20.84M	-	134.80M	53.79M	65.69M	53.73M
Investing Cash Flow	-64.55M	-17.51M	-46.60M	-6.89M	-	-28.51M	-15.98M	-67.69M	11.41M
Financing Cash Flow	45.44M	-5.04M	-916.13K	-18.61M	-	-34.12M	-67.15M	-10.23M	-48.62M
Capital Expenditure	-	-	-	-	-	-36.39M	-27.26M	-69.43M	-6.49M
Free Cash Flow	-	-	-	-	-	98.41M	26.52M	-3.74M	47.24M
Net Change in Cash	-	-	-	-	-	72.18M	-29.35M	-12.23M	16.52M

Ratios (Annual)

Figures in %.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	18.4%	13.8%	13.6%	10.9%
Operating Margin %	-	-	-	-	4.2%	9.7%	5.6%	5.1%	-	15.6%	9.3%	9.0%	6.0%
Net Margin %	-	-	-	-	2.0%	4.8%	2.8%	3.0%	-	11.4%	5.3%	5.4%	3.1%
ROE %	-264.3%	-12.4%	10.4%	6.4%	5.4%	11.0%	6.8%	6.2%	-	25.3%	8.1%	6.8%	4.5%
ROCE %	9.8%	-1.3%	7.0%	4.5%	4.5%	9.6%	6.0%	5.8%	-	16.6%	7.7%	5.9%	4.7%

Shareholding Pattern

Insiders

51.19%

Institutions

42.01%

Public Float

86.07%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Rockland Trust Company	7.29%	4.77M	$36.09M
2	Dimensional Fund Advisors LP	4.41%	2.88M	$21.84M
3	Blackrock Inc.	3.43%	2.24M	$16.99M
4	Cable Car Capital, LP	1.33%	870.00K	$6.59M
5	Millennium Management Llc	1.28%	834.05K	$6.31M
6	Geode Capital Management, LLC	1.20%	787.81K	$5.96M
7	Acadian Asset Management. LLC	1.19%	775.61K	$5.87M
8	Renaissance Technologies, LLC	1.14%	746.10K	$5.65M
9	Bridgeway Capital Management, LLC	1.08%	709.45K	$5.37M
10	Two Sigma Investments, LP	0.97%	636.88K	$4.82M

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for PANL

No recent headlines available.

PANL · Industrials