Company Valuation: Pangaea Logistics Solutions Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 172.5 236.5 382.9 348.2 447 502.2 -
Change - 37.08% 61.9% -9.06% 28.38% 12.34% -
Enterprise Value (EV) 1 423.3 407.6 548.3 645.5 705.7 692.3 584.1
Change - -3.7% 34.52% 17.73% 9.33% -1.9% -15.63%
P/E 2.52x 2.93x 14.2x 8.51x 22.9x 8.82x 7.05x
PBR - - 1.16x 0.81x 1.04x 0.95x 0.87x
PEG - 0.2x -0.2x 0.99x -0.4x 0x 0.3x
Capitalization / Revenue 0.24x 0.34x 0.77x 0.65x 0.71x 0.67x 0.68x
EV / Revenue 0.59x 0.58x 1.1x 1.2x 1.12x 0.93x 0.79x
EV / EBITDA 4.03x 2.89x 6.88x 7.77x 8.02x 5.28x 4.82x
EV / EBIT 5.37x 3.86x 12.3x 13.3x 17.2x 9x 6.62x
EV / FCF -3.14x 4.14x 20.7x -173x 11x 5.83x 5.3x
FCF Yield -31.9% 24.1% 4.84% -0.58% 9.13% 17.2% 18.9%
Dividend per Share 2 - 0.3 0.4 0.4 0.25 0.6 0.4
Rate of return - 5.83% 4.85% 7.46% 3.63% 7.73% 5.15%
EPS 2 1.5 1.76 0.58 0.63 0.3 0.88 1.1
Distribution rate - 17% 69% 63.5% 83.3% 68.2% 36.4%
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 7.760 7.760
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.($)
8.72x0.93x5.28x7.82% 502M
9.51x0.73x3.52x3.55% 47.22B
9.77x0.62x2.53x4.86% 34.98B
38.21x1.34x8.1x1.59% 27.36B
12.2x4.58x8.5x3.67% 21.43B
11.17x1.47x11.26x4.06% 16.44B
11.32x0.83x3.67x2.94% 14.18B
12.87x3.89x10.55x6.18% 14.65B
9.96x2.13x14.5x3.09% 14.3B
10.7x2.36x5.92x2.66% 13.37B
Average 13.44x 1.89x 7.38x 4.04% 20.44B
Weighted average by Cap. 14.28x 1.70x 6.55x 3.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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