Pangaea Logistic Net Assets
Pangaea Logistic net assets. 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. Also explore Pangaea Logistic net asset momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Pangaea Logistic (2011–2024)
Net assets of Pangaea Logistic from 2011 to 2024. This chart illustrates how Pangaea Logistic's net assets have evolved over time, based on quarterly financial data. See PANL net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Pangaea Logistic (2011–2024)
The table below shows the annual net assets of Pangaea Logistic from 2011 to 2024. For live market cap and overall valuation, see Pangaea Logistic stock valuation.
| 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.
Pangaea Logistic Net Assets Breakdown (December 2024)
Pangaea Logistic net assets breakdown by equity component as of 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 |
|---|---|
|
Invesco Municipal Trust
NYSE:VKQ
|
$491.93 Million |
|
Polimex-Mostostal S.A.
WAR:PXM
|
$491.97 Million |
|
Qingdao Weflo Valve Co Ltd
SHE:002871
|
$492.00 Million |
|
Hainan RuiZe New Building Material Co Ltd
SHE:002596
|
$492.03 Million |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
$491.82 Million |
|
Valor Estate Limited
NSE:DBREALTY
|
$491.80 Million |
|
SML Isuzu Limited
NSE:SMLISUZU
|
$491.77 Million |
|
Zhejiang Tiancheng Control Co
SHG:603085
|
$491.60 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: 0.81x
- 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 0.81x 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 | $7.57 | x |
| 2013-12-31 | $7.38 | $7.57 | x |
| 2014-12-31 | $5.22 | $7.57 | x |
| 2015-12-31 | $3.10 | $7.57 | x |
| 2016-12-31 | $3.29 | $7.57 | x |
| 2017-12-31 | $3.73 | $7.57 | x |
| 2018-12-31 | $3.78 | $7.57 | x |
| 2019-12-31 | $3.93 | $7.57 | x |
| 2020-12-31 | $4.17 | $7.57 | x |
| 2021-12-31 | $5.51 | $7.57 | x |
| 2022-12-31 | $6.97 | $7.57 | x |
| 2023-12-31 | $7.12 | $7.57 | x |
| 2024-12-31 | $9.29 | $7.57 | 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: $466,415,392
- Average return on equity (ROE) among peers: 16.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pangaea Logistic (PANL) | $465.56 Million | 0.92% | 1.00x | $491.85 Million |
| Ardmore Shpng (ASC) | $347.61 Million | 9.19% | 1.24x | $784.63 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $406.74 Million | 5.95% | 0.73x | $1.23 Billion |
| C3is Inc. (CISS) | $8.75 Million | 41.24% | 0.87x | $270.11K |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -4.78% | 0.40x | $431.49 Million |
| Costamare Inc (CMRE) | $2.16 Billion | 16.89% | 0.79x | $1.60 Billion |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $13.14 Million |
| Danaos Corporation (DAC) | $440.30 Million | -23.89% | 8.57x | $2.59 Billion |
| Diana Shipping Inc. (DSX) | $59.05 Million | 101.75% | 1.64x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $397.23 Million | 25.51% | 2.17x | $2.42 Billion |
| EuroDry Ltd (EDRY) | $50.54 Million | -11.63% | 1.13x | $113.26 Million |
About 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