PANL - Pangaea Logistics Solutions, Ltd.
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| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 632.0 | 536.5 | 499.3 | 699.7 | 718.1 | 382.9 | 412.2 | 373.0 | 385.9 | 238.0 | 287.3 | 398.3 | 392.5 | 387.1 |
| Cost of Revenue | 563.0 | 463.5 | 430.1 | 570.8 | 620.3 | 344.8 | 362.2 | 319.6 | 345.5 | 212.4 | 245.8 | 380.4 | 359.5 | 349.2 |
| Gross Profit | 69.0 | 73.1 | 69.1 | 128.9 | 97.8 | 38.1 | 50.0 | 53.4 | 40.5 | 25.7 | 41.5 | 17.9 | 33.0 | 37.9 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 31.1 | 24.6 | 22.8 | 20.1 | 19.0 | 15.9 | 17.4 | 16.5 | 15.2 | 12.8 | 15.0 | 12.8 | 11.6 | 11.0 |
| Other Expenses | 0 | 0 | 1.7 | 3.3 | 0 | 2.5 | 9.3 | 0.9 | 9.3 | 0 | 6.0 | 7.6 | 0.0 | 0 |
| Operating Expenses | 31.1 | 24.6 | 24.5 | 23.4 | 19.0 | 18.4 | 26.7 | 17.3 | 24.4 | 12.8 | 21.0 | 20.4 | 11.6 | 17.4 |
| Operating Income | ||||||||||||||
| Operating Income | 37.9 | 48.4 | 44.6 | 105.5 | 78.9 | 19.7 | 23.3 | 36.1 | 16.0 | 12.9 | 20.5 | (2.5) | 21.4 | 19.6 |
| Interest Expense | 24.0 | 20.2 | 17.5 | 22.4 | 11.5 | 7.8 | 9.3 | 8.9 | 8.3 | 5.7 | 5.9 | 6.2 | 7.0 | 0 |
| Interest Income | 1.6 | 3.0 | 3.6 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.5 |
| Profitability | ||||||||||||||
| EBITDA | 80.4 | 82.3 | 76.1 | 137.4 | 106.9 | 37.6 | 44.9 | 50.5 | 33.0 | 29.0 | 32.0 | 4.3 | 32.1 | 26.3 |
| EBIT | 37.9 | 51.9 | 46.0 | 107.9 | 83.9 | 20.5 | 26.3 | 32.9 | 17.4 | 14.9 | 19.2 | (7.4) | 21.4 | 20.4 |
| Income Before Tax | 20.2 | 34.9 | 29.0 | 92.2 | 72.4 | 12.7 | 17.0 | 24.0 | 9.1 | 9.2 | 13.4 | (13.6) | 15.5 | 15.9 |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 19.4 | 28.9 | 26.3 | 79.5 | 67.2 | 11.4 | 11.7 | 17.8 | 7.8 | 7.5 | 11.3 | (12.1) | 15.5 | (2.7) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 0.30 | 0.64 | 0.59 | 1.79 | 1.53 | 0.26 | 0.05 | 0.42 | 0.20 | 0.21 | 0.32 | -0.65 | 1.15 | -30.77 |
| EPS (Diluted) | 0.30 | 0.63 | 0.58 | 1.76 | 1.50 | 0.26 | 0.05 | 0.42 | 0.20 | 0.21 | 0.32 | -0.65 | 1.15 | -30.77 |
| Shares Outstanding | 63.8 | 45.4 | 44.8 | 44.4 | 44.0 | 43.4 | 42.8 | 42.2 | 38.4 | 35.2 | 34.8 | 18.7 | 13.4 | 0.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 103.1 | 86.8 | 99.0 | 128.4 | 56.2 | 46.9 | 50.6 | 53.6 | 34.5 | 22.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 55.9 | 49.7 | 53.7 | 44.5 | 71.3 | 36.0 | 34.8 | 28.5 | 21.1 | 16.0 |
| Inventory | 28.4 | 32.8 | 16.6 | 29.1 | 27.1 | 16.0 | 21.0 | 19.2 | 15.4 | 13.2 |
| Other Current Assets | 28.5 | 9.8 | 13.0 | 12.3 | 11.4 | 3.8 | 12.7 | 10.9 | 11.6 | 9.1 |
| Total Current Assets | 215.8 | 192.0 | 191.8 | 222.5 | 184.0 | 111.3 | 128.0 | 113.5 | 83.0 | 68.5 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 704.4 | 736.6 | 504.7 | 520.4 | 519.1 | 322.0 | 335.1 | 337.5 | 336.3 | 275.3 |
| Goodwill | 3.1 | 3.1 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 1.0 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0.3 | 3.8 | 3.8 | 5.3 | 4.0 | 17.1 | 15.4 | 2.5 | 4 | 18.4 |
| Other Non-Current Assets | 4.6 | 0 | 0 | 0 | 0 | 0 | 1.5 | 2.5 | 4 | 6.1 |
| Total Non-Current Assets | 712.3 | 744.5 | 513.4 | 525.7 | 523.1 | 339.1 | 351.9 | 340.0 | 340.3 | 293.6 |
| Total Assets | 928.1 | 936.5 | 705.2 | 748.2 | 707.0 | 450.4 | 479.9 | 453.5 | 423.3 | 362.2 |
| Current Liabilities | ||||||||||
| Account Payables | 54.3 | 47.8 | 6.3 | 10.0 | 7.0 | 18.7 | 24.2 | 19.9 | 15.7 | 15.4 |
| Short-Term Debt | 46.9 | 16.6 | 30.8 | 15.8 | 15.7 | 57.6 | 23.3 | 23.0 | 26.0 | 35.6 |
| Deferred Revenue | 24.9 | 15.4 | 15.6 | 20.9 | 32.2 | 12.8 | 14.4 | 14.7 | 5.8 | 6.4 |
| Other Current Liabilities | 0.8 | 0 | 4.4 | 6.5 | 9.3 | 0 | 0 | 3.2 | 0 | 0 |
| Total Current Liabilities | 128.0 | 109.1 | 105.3 | 92.2 | 111.7 | 110.8 | 90.9 | 79.0 | 70.0 | 77.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 316.9 | 112.7 | 68.4 | 98.8 | 105.8 | 44.5 | 83.6 | 95.4 | 117.6 | 107.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 17.9 | 20.0 | 17.8 | 10.1 | 4.8 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 325.3 | 352.7 | 229.6 | 287.3 | 294.6 | 105.2 | 146.0 | 141.1 | 142.6 | 107.6 |
| Total Liabilities | 453.4 | 461.8 | 335.0 | 379.5 | 406.3 | 216.0 | 236.8 | 220.1 | 212.6 | 185.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 172.3 | 169.2 | 159.0 | 151.3 | 85.7 | 23.2 | 12.7 | 5.7 | (9.6) | (17.4) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (73.1) | (61.3) | (49.0) |
| Total Stockholders' Equity | 429.3 | 427.8 | 323.9 | 314.2 | 247.2 | 182.8 | 170.2 | 161.7 | 145.4 | 116.3 |
| Total Liabilities & Equity | 928.1 | 936.5 | 705.2 | 748.2 | 707.0 | 450.4 | 479.9 | 453.5 | 423.3 | 362.2 |
| Debt Metrics | ||||||||||
| Total Debt | 372.2 | 397.4 | 264.4 | 299.5 | 307.0 | 159.6 | 177.0 | 169.4 | 170.4 | 143.2 |
| Net Debt | 269.2 | 310.6 | 165.4 | 171.1 | 250.8 | 112.7 | 126.5 | 115.8 | 135.9 | 120.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 20.2 | 31.8 | 28.5 | 85.5 | 67.2 | 11.4 | 11.7 | 24.0 | 9.1 | 9.2 |
| Depreciation & Amortization | 42.5 | 30.4 | 30.1 | 29.5 | 24.0 | 17.8 | 19.4 | 17.6 | 15.6 | 14.1 |
| Stock-Based Compensation | 4.1 | 2.8 | 2.1 | 1.8 | 2.1 | 2.3 | 1.7 | 1.2 | 1.1 | 0.6 |
| Change in Working Capital | 6.2 | 1.6 | (11.2) | 12.0 | (62.8) | 4.4 | (9.4) | (6.1) | (2.8) | (4.0) |
| Other Non-Cash Items | (19.2) | (0.9) | 4.3 | 6.0 | 31.2 | (15.0) | 21.1 | (0.1) | (1.9) | 1.2 |
| Operating Cash Flow | 53.7 | 65.7 | 53.8 | 134.8 | 61.7 | 20.8 | 44.5 | 40.1 | 29.2 | 19.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | (6.5) | (69.4) | (27.3) | (36.4) | (196.7) | (2.9) | (57.0) | (17.5) | (64.0) | (10.3) |
| Acquisitions | (3.4) | (0.2) | (7.6) | (0.5) | 0 | (15) | 0 | 0.0 | (0.8) | 1.6 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (9.6) |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 21.3 | 1.9 | 18.9 | 8.4 | (1.1) | 11.0 | 10.4 | 0.0 | 0.3 | (9.6) |
| Investing Cash Flow | 11.4 | (67.7) | (16.0) | (28.5) | (197.8) | (6.9) | (46.6) | (17.5) | (64.6) | (10.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (26.8) | 33.9 | (36.0) | (7.8) | 148.4 | (17.5) | 9.8 | (28.7) | 8.5 | (22.3) |
| Stock Repurchased | (3.0) | 0 | 0 | 0 | (0.2) | (0.2) | (0.2) | (0.1) | 0 | 0 |
| Dividends Paid | (16.3) | (18.7) | (18.1) | (13.4) | (5.5) | (0.5) | (8.1) | (2.3) | (1.0) | (0.1) |
| Other Financing Activities | (2.5) | (25.4) | (13.0) | (12.9) | 1.1 | (0.3) | (2.4) | (1.8) | 28.3 | (4.0) |
| Financing Cash Flow | (48.6) | (10.2) | (67.2) | (34.1) | 143.9 | (18.6) | (0.9) | (5.0) | 45.4 | (24.2) |
| Cash Position | ||||||||||
| Net Change in Cash | 16.5 | (12.2) | (29.3) | 72.2 | 7.8 | (4.7) | (3.1) | 17.6 | 12.2 | (15.2) |
| Cash at Beginning | 86.8 | 99.0 | 128.4 | 56.2 | 48.4 | 53.1 | 56.1 | 38.5 | 22.3 | 37.5 |
| Cash at End | 103.3 | 86.8 | 99.0 | 128.4 | 56.2 | 48.4 | 53.1 | 56.1 | 34.5 | 22.3 |
| Free Cash Flow | 47.2 | (3.7) | 26.5 | 98.4 | (134.9) | 17.9 | (12.5) | 22.6 | (34.8) | 9.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 632.0 | 536.5 | 499.3 | 699.7 | 718.1 | 382.9 | 412.2 | 373.0 | 385.9 | 238.0 | 287.3 | 398.3 | 392.5 | 387.1 |
| Gross Profit | 69.0 | 73.1 | 69.1 | 128.9 | 97.8 | 38.1 | 50.0 | 53.4 | 40.5 | 25.7 | 41.5 | 17.9 | 33.0 | 37.9 |
| Operating Income | 37.9 | 48.4 | 44.6 | 105.5 | 78.9 | 19.7 | 23.3 | 36.1 | 16.0 | 12.9 | 20.5 | (2.5) | 21.4 | 19.6 |
| Net Income | 19.4 | 28.9 | 26.3 | 79.5 | 67.2 | 11.4 | 11.7 | 17.8 | 7.8 | 7.5 | 11.3 | (12.1) | 15.5 | (2.7) |
| EPS (Diluted) | 0.30 | 0.63 | 0.58 | 1.76 | 1.50 | 0.26 | 0.05 | 0.42 | 0.20 | 0.21 | 0.32 | -0.65 | 1.15 | -30.77 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 103.1 | 86.8 | 99.0 | 128.4 | 56.2 | 46.9 | 50.6 | 53.6 | 34.5 | 22.3 | ||||
| Total Assets | 928.1 | 936.5 | 705.2 | 748.2 | 707.0 | 450.4 | 479.9 | 453.5 | 423.3 | 362.2 | ||||
| Total Debt | 372.2 | 397.4 | 264.4 | 299.5 | 307.0 | 159.6 | 177.0 | 169.4 | 170.4 | 143.2 | ||||
| Stockholders' Equity | 429.3 | 427.8 | 323.9 | 314.2 | 247.2 | 182.8 | 170.2 | 161.7 | 145.4 | 116.3 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 53.7 | 65.7 | 53.8 | 134.8 | 61.7 | 20.8 | 44.5 | 40.1 | 29.2 | 19.2 | ||||
| Capital Expenditure | (6.5) | (69.4) | (27.3) | (36.4) | (196.7) | (2.9) | (57.0) | (17.5) | (64.0) | (10.3) | ||||
| Free Cash Flow | 47.2 | (3.7) | 26.5 | 98.4 | (134.9) | 17.9 | (12.5) | 22.6 | (34.8) | 9.0 | ||||