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Pangaea Logistics Solutions

BST:PGA
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PGA
BST
$139M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The last earnings update was 4 days ago. More info.


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PGA Share Price and Events
7 Day Returns
-3.5%
BST:PGA
2.5%
Europe Shipping
2.2%
DE Market
1 Year Returns
-5.9%
BST:PGA
17.5%
Europe Shipping
8.2%
DE Market
PGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pangaea Logistics Solutions (PGA) -3.5% -2.9% -5% -5.9% - -
Europe Shipping 2.5% 10.1% 23.5% 17.5% 27.5% -8.2%
DE Market 2.2% 6% 12.4% 8.2% 14.9% 24%
1 Year Return vs Industry and Market
  • PGA underperformed the Shipping industry which returned 17.5% over the past year.
  • PGA underperformed the Market in Germany which returned 8.2% over the past year.
Price Volatility
PGA
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Pangaea Logistics Solutions undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pangaea Logistics Solutions to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pangaea Logistics Solutions.

BST:PGA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in USD $ .140000
Payout Ratio Company Filings (2019-09-30) 892.6%
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:PGA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.759 (1 + (1- 21%) (133.73%))
1.246
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.246 * 5.96%)
7.65%

Discounted Cash Flow Calculation for BST:PGA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Pangaea Logistics Solutions is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

BST:PGA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.14 / (7.65% - 0.23%)
$1.43
BST:PGA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:PGA represents 0.87179x of NasdaqCM:PANL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87179x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.89 x 0.87179
€1.64
Value per share (EUR) From above. €1.64
Current discount Discount to share price of €2.72
= -1 x (€2.72 - €1.64) / €1.64
-65.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Pangaea Logistics Solutions is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pangaea Logistics Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pangaea Logistics Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:PGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.36
NasdaqCM:PANL Share Price ** NasdaqCM (2019-11-11) in USD $3.12
Europe Shipping Industry PE Ratio Median Figure of 27 Publicly-Listed Shipping Companies 15.2x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pangaea Logistics Solutions.

BST:PGA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:PANL Share Price ÷ EPS (both in USD)

= 3.12 ÷ 0.36

8.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pangaea Logistics Solutions is good value based on earnings compared to the Europe Shipping industry average.
  • Pangaea Logistics Solutions is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Pangaea Logistics Solutions's expected growth come at a high price?
Raw Data
BST:PGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
51.8%per year
Europe Shipping Industry PEG Ratio Median Figure of 15 Publicly-Listed Shipping Companies 0.95x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

BST:PGA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.62x ÷ 51.8%

0.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pangaea Logistics Solutions is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Pangaea Logistics Solutions's assets?
Raw Data
BST:PGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $3.96
NasdaqCM:PANL Share Price * NasdaqCM (2019-11-11) in USD $3.12
Europe Shipping Industry PB Ratio Median Figure of 40 Publicly-Listed Shipping Companies 0.74x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.82x
BST:PGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:PANL Share Price ÷ Book Value per Share (both in USD)

= 3.12 ÷ 3.96

0.79x

* Primary Listing of Pangaea Logistics Solutions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pangaea Logistics Solutions is overvalued based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Pangaea Logistics Solutions's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Pangaea Logistics Solutions has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pangaea Logistics Solutions expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
51.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pangaea Logistics Solutions expected to grow at an attractive rate?
  • Pangaea Logistics Solutions's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pangaea Logistics Solutions's earnings growth is expected to exceed the Germany market average.
  • Pangaea Logistics Solutions's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:PGA Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:PGA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 51.8%
BST:PGA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.2%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 24.7%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:PGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:PGA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 61
2020-12-31 416 46 42 1
2019-12-31 393 45 26 1
2019-11-11
BST:PGA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 384 36 15
2019-06-30 360 39 15
2019-03-31 374 49 17
2018-12-31 373 40 18
2018-09-30 373 43 22
2018-06-30 386 42 21
2018-03-31 380 30 11
2017-12-31 386 29 8
2017-09-30 349 15 4
2017-06-30 313 18 3
2017-03-31 279 18 8
2016-12-31 238 19 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pangaea Logistics Solutions's earnings are expected to grow significantly at over 20% yearly.
  • Pangaea Logistics Solutions's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:PGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Pangaea Logistics Solutions Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:PGA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.38 1.38 1.38 1.00
2020-12-31 0.96 1.29 0.63 2.00
2019-12-31 0.60 0.60 0.60 2.00
2019-11-11
BST:PGA Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.36
2019-06-30 0.36
2019-03-31 0.40
2018-12-31 0.42
2018-09-30 0.53
2018-06-30 0.51
2018-03-31 0.27
2017-12-31 0.20
2017-09-30 0.11
2017-06-30 0.08
2017-03-31 0.22
2016-12-31 0.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pangaea Logistics Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pangaea Logistics Solutions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pangaea Logistics Solutions has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pangaea Logistics Solutions performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pangaea Logistics Solutions's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pangaea Logistics Solutions has delivered over 20% year on year earnings growth in the past 5 years.
  • Pangaea Logistics Solutions's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Pangaea Logistics Solutions's 1-year earnings growth is negative, it can't be compared to the Europe Shipping industry average.
Earnings and Revenue History
Pangaea Logistics Solutions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pangaea Logistics Solutions Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:PGA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 383.55 15.44 16.43
2019-06-30 360.01 15.39 17.37
2019-03-31 373.54 17.13 16.39
2018-12-31 372.97 17.76 16.48
2018-09-30 373.33 22.40 15.96
2018-06-30 385.86 21.30 17.01
2018-03-31 380.46 10.79 15.78
2017-12-31 385.95 7.81 15.16
2017-09-30 349.24 3.86 15.04
2017-06-30 313.00 2.74 13.46
2017-03-31 278.53 7.61 13.25
2016-12-31 238.02 7.46 12.77
2016-09-30 227.61 2.60 12.29
2016-06-30 228.01 -0.46 12.70
2016-03-31 236.15 4.87 13.68
2015-12-31 287.33 11.28 14.97
2015-09-30 334.49 -12.76 16.94
2015-06-30 354.50 -21.41 16.14
2015-03-31 379.18 -24.88 14.57
2014-12-31 398.28 -30.21 12.83
2014-09-30 406.70 -3.40 10.73
2014-06-30 410.66 0.32 10.68
2014-03-31 411.55 -6.37 11.08
2013-12-31 392.47 -8.79 11.60
2012-12-31 387.06 -2.69 11.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pangaea Logistics Solutions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pangaea Logistics Solutions used its assets more efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • Pangaea Logistics Solutions has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Pangaea Logistics Solutions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pangaea Logistics Solutions has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pangaea Logistics Solutions's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pangaea Logistics Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pangaea Logistics Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pangaea Logistics Solutions's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pangaea Logistics Solutions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pangaea Logistics Solutions Company Filings, last reported 1 month ago.

BST:PGA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 246.89 113.50 34.17
2019-06-30 237.69 118.53 41.16
2019-03-31 238.52 113.26 59.12
2018-12-31 233.37 118.38 53.61
2018-09-30 231.95 123.25 50.77
2018-06-30 221.33 128.94 48.92
2018-03-31 214.38 136.35 28.21
2017-12-31 210.66 143.60 34.53
2017-09-30 204.58 138.19 29.34
2017-06-30 189.92 142.88 29.44
2017-03-31 185.60 148.89 21.72
2016-12-31 176.68 143.24 22.32
2016-09-30 176.17 142.61 28.19
2016-06-30 167.83 148.28 32.42
2016-03-31 167.06 153.95 32.67
2015-12-31 165.32 162.32 37.52
2015-09-30 118.04 196.26 34.20
2015-06-30 115.24 200.87 34.15
2015-03-31 109.84 209.81 42.60
2014-12-31 100.35 166.54 29.82
2014-09-30 99.72 159.78 20.16
2014-06-30 106.27 143.97 21.50
2014-03-31 123.75 136.84 23.37
2013-12-31 117.87 127.29 18.93
2012-12-31 73.11 105.45 19.70
  • Pangaea Logistics Solutions's level of debt (46%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (160.3% vs 46% today).
  • Debt is well covered by operating cash flow (32%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Pangaea Logistics Solutions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pangaea Logistics Solutions has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Pangaea Logistics Solutions's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.49%
Current annual income from Pangaea Logistics Solutions dividends.
If you bought €2,000 of Pangaea Logistics Solutions shares you are expected to receive €90 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pangaea Logistics Solutions's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Pangaea Logistics Solutions's dividend is above the markets top 25% of dividend payers in Germany (3.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:PGA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:PGA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-11
BST:PGA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-07 0.140 4.391
2019-08-12 0.140 4.361
2019-05-20 0.140 4.051

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Pangaea Logistics Solutions has stable dividend payments.
  • Pangaea Logistics Solutions only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Pangaea Logistics Solutions's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Pangaea Logistics Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pangaea Logistics Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pangaea Logistics Solutions has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pangaea Logistics Solutions's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ed Coll
COMPENSATION $1,256,000
AGE 62
TENURE AS CEO 5.6 years
CEO Bio

Mr. Edward Coll, also known as Ed, serves as the President of Phoenix Bulk Carriers (US) Corp. Mr. Coll co-founded Bulk Partners Limited in 1996. Mr. Coll co-founded Pangaea Logistics Solutions Ltd and has been its Chief Executive Officer since April 29, 2014. He serves as the President of Phoenix Bulk Carriers for US. Mr. Coll spent 10 years at Continental Grain Company with assignments in New York, New Orleans, Rome and Rotterdam. He joined Commodity Ocean Transport Corp. (COTCO) in 1989 and served as its President since 1993. In this position, he was responsible for the overall activities and businesses of three U.S public shipping companies. He is an elected member of the American Bureau of Shipping and has considerable expertise in the worldwide shipping and commodities markets and lectures regularly on these topics. He serves as the Chairman of the Board at Pangaea Logistics Solutions Ltd. and has been its Director since October 1, 2014. Mr. Coll holds a B.S. in nautical science from the United States Merchant Marine Academy at Kings Point and a Master's Degree in International Business from Pace University.

CEO Compensation
  • Ed's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Ed's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pangaea Logistics Solutions management team in years:

4.2
Average Tenure
62
Average Age
  • The tenure for the Pangaea Logistics Solutions management team is about average.
Management Team

Ed Coll

TITLE
Co-Founder
COMPENSATION
$1M
AGE
62
TENURE
5.6 yrs

Gianni DelSignore

TITLE
CFO & Secretary
COMPENSATION
$416K
AGE
36
TENURE
2.6 yrs

Mark Filanowski

TITLE
COO & Director
COMPENSATION
$556K
AGE
65
TENURE
2.8 yrs

Carl Boggild

TITLE
Director
COMPENSATION
$400K
AGE
62
TENURE
5.6 yrs
Board of Directors Tenure

Average tenure and age of the Pangaea Logistics Solutions board of directors in years:

5.1
Average Tenure
62
Average Age
  • The tenure for the Pangaea Logistics Solutions board of directors is about average.
Board of Directors

Mark Filanowski

TITLE
COO & Director
COMPENSATION
$556K
AGE
65
TENURE
5.1 yrs

Carl Boggild

TITLE
Director
COMPENSATION
$400K
AGE
62
TENURE
2.8 yrs

David Sgro

TITLE
Independent Director
COMPENSATION
$135K
AGE
43
TENURE
5.1 yrs

Ed Coll

TITLE
Co-Founder
COMPENSATION
$1M
AGE
62

Tony Laura

TITLE
Director
COMPENSATION
$526K
AGE
67
TENURE
4.2 yrs

Rich du Moulin

TITLE
Independent Director
COMPENSATION
$135K
AGE
72
TENURE
5.1 yrs

Paul Hong

TITLE
Independent Director
COMPENSATION
$85K
AGE
49
TENURE
5.1 yrs

Eric Rosenfeld

TITLE
Independent Director
COMPENSATION
$135K
AGE
62
TENURE
5.8 yrs

Nam Trinh

TITLE
Independent Director
COMPENSATION
$135K
AGE
37
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pangaea Logistics Solutions individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Sep 19 Buy Mark Filanowski Individual 29. Aug 19 03. Sep 19 1,921 €2.83 €5,431
29. Aug 19 Buy Mark Filanowski Individual 27. Aug 19 28. Aug 19 2,079 €2.80 €5,724
28. Aug 19 Buy Gianni DelSignore Individual 27. Aug 19 27. Aug 19 1,500 €2.75 €4,124
18. Jun 19 Buy Gianni DelSignore Individual 14. Jun 19 14. Jun 19 3,000 €2.94 €8,822
X
Management checks
We assess Pangaea Logistics Solutions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pangaea Logistics Solutions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and technical vessel management. As of July 22, 2019, the company operated a fleet of 22 vessels. Pangaea Logistics Solutions, Ltd. was founded in 1996 and is based in Newport, Rhode Island.

Details
Name: Pangaea Logistics Solutions, Ltd.
PGA
Exchange: BST
Founded: 1996
$125,653,187
44,451,940
Website: http://www.pangaeals.com
Address: Pangaea Logistics Solutions, Ltd.
109 Long Wharf,
Newport,
Rhode Island, 02840,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM PANL Common Stock Nasdaq Capital Market US USD 02. Oct 2014
BST PGA Common Stock Boerse-Stuttgart DE EUR 02. Oct 2014
Number of employees
Current staff
Staff numbers
74
Pangaea Logistics Solutions employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 21:42
End of day share price update: 2019/11/11 00:00
Last estimates confirmation: 2019/09/17
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.