Pangaea Logistics Solutions Ltd. Common Shares (PANL)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

On October 13, 2026, Pangaea closed at $8.48, giving a $555.2 million market value. The most recent filed quarter, fiscal Q2 2026 ended June 30, 2026, reported revenue of $187.1 million, net income of $10.2 million, and diluted EPS of $0.16. A year earlier, fiscal Q2 2025 had revenue of $156.7 million, a net loss of $2.7 million, and diluted EPS of -$0.04, so the 19.42% revenue growth and 472.03% profit growth are real but come off a weak base. For full year fiscal 2025, revenue was $632.0 million, net income $19.4 million, and diluted EPS $0.30, down from fiscal 2024 net income of $28.9 million and EPS of $0.63 despite higher revenue. That is the problem with shipping: the Peter Lynch category is CYCLICAL — Marine Shipping, because earnings follow the economic cycle. Quality is modest. FairStock shows ROE 10.36%, ROCE 4.24%, D/E 0.71, Altman Z-Score 1.36, and Piotroski F-Score 5/9. The cash flow is better: trailing free cash flow is $60.2 million, a 10.8% FCF yield, supporting a 4.78% dividend yield. Valuation is not demanding: P/E 11.62, P/B 1.24, EV/EBITDA 5.07, and a Graham Number of $10.61, giving a 20.08% margin of safety at the close. I would call it a cyclical, capital-intensive business with a small moat, but the price already reflects some caution. Without durable earnings, the margin of safety is only as good as the next cycle.

In plain English: Pangaea Logistics moves dry bulk cargo like grains, coal, and iron ore by ship and also handles some port work. It is profitable, but its results swing with the world economy, and the latest quarter was much better than a year-earlier loss. At $8.48 on 2026-10-13, the shares look somewhat cheap relative to profits and assets, though weak returns and a stretched balance sheet mean it is not a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer