PANL
Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd.PANL

Industrials · Marine Shipping
7.51USD
-0.79%
Nov 05, 2026
PANL overview ready
Dry bulk shipping and logistics services for industrial commodity transport
PANL is a specialized dry-bulk shipping and integrated maritime-logistics operator.
Theme not measured
No economic group is assigned yet.
Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of failed reclaim.
The setup is constructive, but the underlying structure is still poor.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Volatility in global dry bulk shipping rates.
Market Nov 4Filing Jun 30Price action Nov 5Research Sep 19

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance5.0BusinessQuality6.6Valuation3.5ThemeMomentum—Mixed — Revenue is still growing (+19% YoY), but growth has slowed, down from +39%. Earnings turned positive: diluted EPS of $0.16 against a loss of -$0.04 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of failed reclaim.
The setup is constructive, but the underlying structure is still poor.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$491.7M
Avg Volume (60D)
389.3K
60 sessions
Revenue Growth YoY
+17.8%
FY2025 vs FY2024
Gross Margin
+20.5%
Operating Margin
+9.3%
Trailing twelve months
Free Cash Flow Yield
+12.2%
P/E
10.3x
EV / EBITDA
5.5x
EV / Sales
0.9x
Market metrics as of Nov 4, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Mixed

Revenue is still growing (+19% YoY), but growth has slowed, down from +39%. Earnings turned positive: diluted EPS of $0.16 against a loss of -$0.04 a year earlier.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthSlowing
+19%
$187M in Q2 FY2026 · YoY
YoY growth, last 4 quarters
  1. +10%
  2. +25%
  3. +39%
  4. +19%
Earnings growthTurned profitable
$0.16
Diluted EPS $0.16 vs -$0.04 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +73%
  2. +5.6%
  3. n/a
  4. n/a
Operating marginExpanding
11.4%
+9.1 pp YoY

Business Quality

6.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view. The published stance is held at fair because share count compounding at 8% a year — dilution is taxing holders.
This company has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.

Company Research

Thesis
PANL is a specialized dry-bulk shipping and integrated maritime-logistics operator. Its owned and chartered fleet, including high ice-class vessels, moves commodity and niche bulk cargoes; it also provides chartering, voyage planning, terminal and stevedoring services.
Opportunity
Moderate opportunity
A cyclical recovery in dry-bulk carrier earnings when global bulk-commodity tonne-mile demand, vessel availability, and fleet-ordering discipline tighten the balance for Panamax, Supramax and Handysize freight capacity.
Key risk
Volatility in global dry bulk shipping rates.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Marine Shipping
What they do

Pangaea Logistics Solutions Ltd. operates a fleet of vessels providing seaborne dry bulk logistics and transportation services globally, including vessel chartering, voyage planning, and technical vessel management.

How it earns

The company generates revenue primarily through transactional shipping and logistics services for dry bulk cargo transportation and port operations.

Products & services
Dry bulk cargo transportation
Terminal and stevedoring services
Vessel chartering
Voyage planning
Technical vessel management
Customers & end markets
Industrial customers
Bulk commodity producers and traders
Market position

Niche operator with a small fleet focused on dry bulk logistics within the marine shipping industry.

Demand drivers
High cyclicality

Shipping demand and rates are closely tied to global commodity cycles and trade volumes.