PANL Intrinsic Value Calculator – PANGAEA LOGISTICS SOLUTIONS Reports FY2023 Q2 Earnings Results, as of June 30 2023
August 13, 2023
☀️Earnings Overview
On August 9 2023, PANGAEA LOGISTICS SOLUTIONS ($NASDAQ:PANL) announced their financial results for the second quarter of fiscal year 2023, ending on June 30 of that year. The company reported total revenue of USD 118.1 million, a decrease of 39.6% compared to the same period in the prior year. Net income for the quarter was USD 2.8 million, down 88.7% from the year-ago period.
Share Price
PANGAEA LOGISTICS SOLUTIONS reported their fiscal year 2023 second quarter earnings results on Wednesday, June 30, 2023. The stock opened at $7.0 and closed at $7.0, down by 0.4% from its last closing price. PANGAEA LOGISTICS SOLUTIONS will continue to focus on investing in their logistics operations and expanding their business, as they strive to become a leader in the industry. With strong earnings results and a solid balance sheet, PANGAEA LOGISTICS SOLUTIONS is well positioned to continue driving growth and value for their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PANL. More…
| Total Revenues | Net Income | Net Margin |
| 544.18 | 40.61 | 8.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PANL. More…
| Operations | Investing | Financing |
| 79.16 | -42 | -55.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PANL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 724.57 | 363 | 6.72 |
Key Ratios Snapshot
Some of the financial key ratios for PANL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.4% | 37.4% | 11.9% |
| FCF Margin | ROE | ROA |
| 6.3% | 12.9% | 5.6% |
Analysis – PANL Intrinsic Value Calculator
As GoodWhale analysts, we have closely analyzed the financials of PANGAEA LOGISTICS SOLUTIONS. Our proprietary Valuation Line has determined that the intrinsic value of their share is approximately $4.1. However, at the moment, the stock is being traded at $7.0, which is a 69.1% increase in value. This indicates that the stock is currently overvalued. More…
Peers
The company’s main competitors are Diana Shipping Inc, Globus Maritime Ltd, and U-Ming Marine Transport Corp. All four companies are based in Greece and are involved in the shipping industry.
– Diana Shipping Inc ($NYSE:DSX)
Diana Shipping is a global provider of maritime transportation services. The Company specializes in the ownership and operation of dry bulk vessels. Diana Shipping Inc. was founded in 1999 and is headquartered in Athens, Greece. As of 2022, Diana Shipping Inc. had a market cap of 370.66M and a return on equity of 21.4%. The company operates a fleet of 61 dry bulk vessels, including 12 Capesize, 27 Panamax, 15 Post-Panamax and 7 Supramax vessels, with a total deadweight tonnage of approximately 8.0 million DWT.
– Globus Maritime Ltd ($NASDAQ:GLBS)
Globus Maritime Ltd. is a shipping company that owns and operates a fleet of dry bulk vessels. The Company’s vessels are used to transport a range of commodities, including iron ore, coal, grain, and other bulk materials. Globus Maritime Ltd. is based in Greece.
– U-Ming Marine Transpost Corp ($TWSE:2606)
U-Ming Marine Transport Corporation is a Taiwan-based company principally engaged in the ocean transportation businesses. The Company operates its businesses through three segments. The Dry Bulk Cargo Segment is engaged in the ocean transportation of dry bulk cargoes, including iron ores, coal, grains and bauxite. The Wet Bulk Cargo Segment is engaged in the ocean transportation of crude oil, petroleum products and liquefied natural gas (LNG). The Containerized Cargo Segment is engaged in the ocean transportation of containerized cargoes. The Company operates a fleet of over 60 vessels, including Cape-size vessels, Very Large Crude Carriers (VLCCs), Very Large Ore Carriers (VLOCs), Panamax vessels, Aframax vessels, Product tankers and Container vessels.
Summary
PANGAEA LOGISTICS SOLUTIONS recently released their financial results for the second quarter of 2023, reporting total revenue of 118.1 million USD and a net income of 2.8 million USD. This marks a 39.6% decline in revenue and 88.7% decline in net income from the same period in the previous year. Given the significant drop in income, investors should be cautious when considering investing in PANGAEA LOGISTICS SOLUTIONS. A thorough due diligence should be done to assess the company’s current financial performance and long-term outlook before investing.
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