Company Valuation: Pangaea Logistics Solutions Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 172.5 236.5 382.9 348.2 447 524.4 -
Change - 37.08% 61.9% -9.06% 28.38% 17.32% -
Enterprise Value (EV) 1 423.3 407.6 548.3 645.5 705.7 714.5 606.4
Change - -3.7% 34.52% 17.73% 9.33% 1.25% -15.14%
P/E 2.52x 2.93x 14.2x 8.51x 22.9x 9.1x 7.28x
PBR - - 1.16x 0.81x 1.04x 0.98x 0.9x
PEG - 0.2x -0.2x 0.99x -0.4x 0x 0.3x
Capitalization / Revenue 0.24x 0.34x 0.77x 0.65x 0.71x 0.7x 0.71x
EV / Revenue 0.59x 0.58x 1.1x 1.2x 1.12x 0.96x 0.82x
EV / EBITDA 4.03x 2.89x 6.88x 7.77x 8.02x 5.45x 5x
EV / EBIT 5.37x 3.86x 12.3x 13.3x 17.2x 9.29x 6.87x
EV / FCF -3.14x 4.14x 20.7x -173x 11x 6.02x 5.25x
FCF Yield -31.9% 24.1% 4.84% -0.58% 9.13% 16.6% 19.1%
Dividend per Share 2 - 0.3 0.4 0.4 0.25 - -
Rate of return - 5.83% 4.85% 7.46% 3.63% - -
EPS 2 1.5 1.76 0.58 0.63 0.3 0.88 1.1
Distribution rate - 17% 69% 63.5% 83.3% - -
Net sales 1 718.1 699.7 499.3 536.5 632 745.4 742.1
EBITDA 1 105.1 140.9 79.72 83.04 88.02 131.1 121.2
EBIT 1 78.87 105.5 44.62 48.45 40.94 76.88 88.28
Net income 1 67.23 79.49 26.32 28.9 19.37 57.28 70.5
Net Debt 1 250.8 171.1 165.4 297.3 258.7 190.1 81.92
Reference price 2 3.780 5.150 8.240 5.360 6.880 8.010 8.010
Nbr of stocks (in thousands) 45,641 45,923 46,467 64,961 64,974 65,474 -
Announcement Date 3/16/22 3/15/23 3/13/24 3/13/25 3/10/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.1x0.96x5.45x - 524M
8.69x0.75x3.64x4.04% 49.68B
7.44x0.61x2.48x7.34% 36.09B
43.33x1.32x7.89x1.62% 26.3B
10.18x4.39x8.17x3.87% 24.83B
10.93x1.44x10.62x3.82% 18.72B
12.53x4.24x10.59x6.69% 16.93B
8.87x2.1x13.67x2.88% 15.55B
11.02x0.85x3.74x3.06% 14.73B
8.12x2.77x7.25x2.42% 14.52B
Average 13.02x 1.94x 7.35x 3.97% 21.79B
Weighted average by Cap. 13.46x 1.78x 6.58x 4.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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