Company Valuation: Pangaea Logistics Solutions Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 172.5 236.5 382.9 348.2 447 522.5 -
Change - 37.08% 61.9% -9.06% 28.38% 16.88% -
Enterprise Value (EV) 1 423.3 407.6 548.3 645.5 705.7 712.6 604.4
Change - -3.7% 34.52% 17.73% 9.33% 0.97% -15.18%
P/E 2.52x 2.93x 14.2x 8.51x 22.9x 9.07x 7.25x
PBR - - 1.16x 0.81x 1.04x 0.97x 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 0.7x
EV / Revenue 0.59x 0.58x 1.1x 1.2x 1.12x 0.96x 0.81x
EV / EBITDA 4.03x 2.89x 6.88x 7.77x 8.02x 5.43x 4.99x
EV / EBIT 5.37x 3.86x 12.3x 13.3x 17.2x 9.27x 6.85x
EV / FCF -3.14x 4.14x 20.7x -173x 11x 6x 5.23x
FCF Yield -31.9% 24.1% 4.84% -0.58% 9.13% 16.7% 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 7.980 7.980
Nbr of stocks (in thousands) 45,641 45,923 46,467 64,961 64,974 65,474 -
Announcement Date 3/16/22 A 3/15/23 A 3/13/24 A 3/13/25 A 3/10/26 A - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.07x0.96x5.43x - 522M
7.16x0.69x3.31x5.23% 49.65B
6.4x0.62x2.56x8.22% 36.54B
26.33x1.3x6.96x1.89% 26.01B
8.57x3.77x7.03x4.59% 21.07B
10.86x1.45x10.58x4.19% 18.75B
6.04x1.18x3.35x7.76% 17.46B
11.73x4.09x9.93x7.3% 16.57B
8.17x2.11x13.67x2.76% 16.19B
9.27x0.91x3.68x3.15% 15.93B
Average 10.36x 1.71x 6.65x 5.01% 21.87B
Weighted average by Cap. 10.26x 1.53x 5.90x 5.21%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Pangaea Logistics Solutions Ltd.

Historical PBR trend

Valuation ratios - PBR - Pangaea Logistics Solutions Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Pangaea Logistics Solutions Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Pangaea Logistics Solutions Ltd.

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