Pangaea Logistic
Pangaea Logistics Solutions Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. It offers transportation services for various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone; and terminal and stevedoring services. The comp… Read more
Pangaea Logistic (PANL) - Net Assets
Latest net assets as of September 2025: $465.56 Million USD
Based on the latest financial reports, Pangaea Logistic (PANL) has net assets worth $465.56 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($932.15 Million) and total liabilities ($466.59 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $465.56 Million |
| % of Total Assets | 49.95% |
| Annual Growth Rate | 2.55% |
| 5-Year Change | 102.47% |
| 10-Year Change | 187.12% |
| Growth Volatility | 31.38 |
Pangaea Logistic - Net Assets Trend (2011–2024)
This chart illustrates how Pangaea Logistic's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pangaea Logistic (2011–2024)
The table below shows the annual net assets of Pangaea Logistic from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $474.66 Million | +28.22% |
| 2023-12-31 | $370.20 Million | +0.40% |
| 2022-12-31 | $368.72 Million | +22.63% |
| 2021-12-31 | $300.68 Million | +28.26% |
| 2020-12-31 | $234.43 Million | -3.55% |
| 2019-12-31 | $243.07 Million | +4.16% |
| 2018-12-31 | $233.37 Million | +10.78% |
| 2017-12-31 | $210.66 Million | +19.23% |
| 2016-12-31 | $176.68 Million | +6.87% |
| 2015-12-31 | $165.32 Million | +64.74% |
| 2014-12-31 | $100.35 Million | +1.33% |
| 2013-12-31 | $99.03 Million | +35.46% |
| 2012-12-31 | $73.11 Million | -78.64% |
| 2011-12-31 | $342.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pangaea Logistic's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 38302611100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $169.16 Million | 39.54% |
| Common Stock | $6.50K | 0.00% |
| Other Components | $258.66 Million | 60.46% |
| Total Equity | $427.82 Million | 100.00% |
Pangaea Logistic Competitors by Market Cap
The table below lists competitors of Pangaea Logistic ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lihe Technology
SHE:300800
|
$199.59 Million |
|
Linklogis Inc.
PINK:LNKLF
|
$199.68 Million |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
$199.70 Million |
|
Churchill Capital Corp IX
NASDAQ:CCIX
|
$199.74 Million |
|
ANY Security Printing PLC
BUD:ANY
|
$199.53 Million |
|
Wildcat Resources Ltd
AU:WC8
|
$199.50 Million |
|
Devsisters corporation
KQ:194480
|
$199.46 Million |
|
VS Industry Bhd
KLSE:6963
|
$199.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pangaea Logistic's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 323,885,993 to 427,821,619, a change of 103,935,626 (32.1%).
- Net income of 28,903,383 contributed positively to equity growth.
- Dividend payments of 18,710,364 reduced retained earnings.
- Share repurchases of 127,283 reduced equity.
- Other factors increased equity by 93,869,890.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $28.90 Million | +6.76% |
| Dividends Paid | $18.71 Million | -4.37% |
| Share Repurchases | $127.28K | -0.03% |
| Other Changes | $93.87 Million | +21.94% |
| Total Change | $- | 32.09% |
Book Value vs Market Value Analysis
This analysis compares Pangaea Logistic's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.75x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.01x to 0.75x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $800.53 | $6.99 | x |
| 2013-12-31 | $7.38 | $6.99 | x |
| 2014-12-31 | $5.22 | $6.99 | x |
| 2015-12-31 | $3.10 | $6.99 | x |
| 2016-12-31 | $3.29 | $6.99 | x |
| 2017-12-31 | $3.73 | $6.99 | x |
| 2018-12-31 | $3.78 | $6.99 | x |
| 2019-12-31 | $3.93 | $6.99 | x |
| 2020-12-31 | $4.17 | $6.99 | x |
| 2021-12-31 | $5.51 | $6.99 | x |
| 2022-12-31 | $6.97 | $6.99 | x |
| 2023-12-31 | $7.12 | $6.99 | x |
| 2024-12-31 | $9.29 | $6.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pangaea Logistic utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.76%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.39%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.19x
- Recent ROE (6.76%) is below the historical average (8.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.92% | 5.15% | 0.16x | 1.09x | $-31.07 Million |
| 2012 | -3.84% | -0.69% | 1.67x | 3.31x | $-9.68 Million |
| 2013 | 15.60% | 3.94% | 3.96x | 1.00x | $5.55 Million |
| 2014 | -12.40% | -3.05% | 1.20x | 3.40x | $-21.91 Million |
| 2015 | 10.42% | 3.92% | 0.78x | 3.39x | $454.94K |
| 2016 | 6.41% | 3.13% | 0.66x | 3.12x | $-4.17 Million |
| 2017 | 5.38% | 2.02% | 0.91x | 2.91x | $-6.72 Million |
| 2018 | 10.98% | 4.76% | 0.82x | 2.80x | $1.59 Million |
| 2019 | 6.85% | 2.83% | 0.86x | 2.82x | $-5.37 Million |
| 2020 | 6.21% | 2.96% | 0.85x | 2.46x | $-6.92 Million |
| 2021 | 27.20% | 9.36% | 1.02x | 2.86x | $42.51 Million |
| 2022 | 25.30% | 11.36% | 0.94x | 2.38x | $48.07 Million |
| 2023 | 8.13% | 5.27% | 0.71x | 2.18x | $-6.07 Million |
| 2024 | 6.76% | 5.39% | 0.57x | 2.19x | $-13.88 Million |
Industry Comparison
This section compares Pangaea Logistic's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $7,377,691,596
- Average return on equity (ROE) among peers: 27.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pangaea Logistic (PANL) | $465.56 Million | 0.92% | 1.00x | $199.58 Million |
| Algoma Central Corporation (AGMJF) | $379.05 Million | 13.84% | 0.41x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $28.68 Billion | 12.70% | 1.24x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $42.23 Billion | 11.88% | 0.63x | $12.49 Billion |
| Ardmore Shpng (ASC) | $574.44 Million | 20.33% | 0.20x | $527.72 Million |
| American Shipping Company ASA (ASCJF) | $195.64 Million | 3.63% | 3.55x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $32.06 Million | 25.73% | 1.21x | $9.78 |
| Braemar Shipping Services Plc (BSEAF) | $41.53 Million | 23.53% | 1.15x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.59 Billion | 30.75% | 0.59x | $1.23 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $49.40 Million | 13.38% | 3.38x | $174.42 Million |