PACIFIC BASIN SHIPPING LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.7 HKD | +1.12% |
|
+3.45% | +5.06% |
| Apr. 19 | Jefferies Adjusts Pacific Basin Shipping’s Price Target to HK$3 From HK$2.90, Keeps at Buy | MT |
| Apr. 18 | Pacific Basin Shipping to Launch $40 Million Share Repurchase Program | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 992.4 | 877.5 | 1,765 | 1,778 | 1,732 | 1,816 | - | - |
| Enterprise Value (EV) 1 | 1,748 | 1,507 | 1,894 | 1,713 | 1,771 | 1,706 | 1,558 | 1,361 |
| P/E ratio | 38.1 x | -4.23 x | 2.33 x | 2.56 x | 16.1 x | 10.4 x | 8.05 x | 8.69 x |
| Yield | 1.28% | - | 19.6% | 29.6% | 3.04% | 5.12% | 7.43% | 6.82% |
| Capitalization / Revenue | 0.63 x | 0.6 x | 0.59 x | 0.54 x | 0.75 x | 0.74 x | 0.71 x | 0.73 x |
| EV / Revenue | 1.1 x | 1.02 x | 0.64 x | 0.52 x | 0.77 x | 0.7 x | 0.61 x | 0.54 x |
| EV / EBITDA | 7.58 x | 8.16 x | 2.13 x | 1.83 x | 5.1 x | 4.66 x | 3.7 x | 3.24 x |
| EV / FCF | 52.9 x | 13 x | 3.03 x | 2.01 x | - | 6.73 x | 5.99 x | 4.63 x |
| FCF Yield | 1.89% | 7.71% | 33.1% | 49.6% | - | 14.9% | 16.7% | 21.6% |
| Price to Book | 0.78 x | 0.85 x | 0.97 x | 0.93 x | 0.96 x | 0.94 x | 0.89 x | 0.87 x |
| Nbr of stocks (in thousands) | 4,713,715 | 4,659,773 | 4,811,827 | 5,261,037 | 5,262,812 | 5,263,823 | - | - |
| Reference price 2 | 0.2105 | 0.1883 | 0.3669 | 0.3380 | 0.3291 | 0.3449 | 0.3449 | 0.3449 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,586 | 1,471 | 2,973 | 3,282 | 2,297 | 2,453 | 2,568 | 2,499 |
| EBITDA 1 | 230.7 | 184.7 | 889.9 | 935.1 | 347.2 | 366.3 | 421.2 | 419.7 |
| EBIT 1 | 66.43 | 30.76 | 730.9 | 723.9 | 128.3 | 190.3 | 240.3 | 214.2 |
| Operating Margin | 4.19% | 2.09% | 24.59% | 22.06% | 5.59% | 7.76% | 9.36% | 8.57% |
| Earnings before Tax (EBT) 1 | 26.24 | -206.2 | 846.3 | 702.5 | 109.1 | 185.6 | 235.9 | 228.2 |
| Net income 1 | 25.1 | -208.2 | 844.8 | 701.9 | 109.4 | 185 | 235.4 | 227.6 |
| Net margin | 1.58% | -14.16% | 28.42% | 21.39% | 4.76% | 7.54% | 9.16% | 9.11% |
| EPS 2 | 0.005520 | -0.0445 | 0.1573 | 0.1319 | 0.0205 | 0.0331 | 0.0429 | 0.0397 |
| Free Cash Flow 1 | 33.04 | 116.2 | 625.9 | 850.6 | - | 253.7 | 260 | 294 |
| FCF margin | 2.08% | 7.9% | 21.06% | 25.92% | - | 10.34% | 10.12% | 11.77% |
| FCF Conversion (EBITDA) | 14.32% | 62.9% | 70.34% | 90.96% | - | 69.25% | 61.73% | 70.05% |
| FCF Conversion (Net income) | 131.65% | - | 74.09% | 121.19% | - | 137.1% | 110.47% | 129.18% |
| Dividend per Share 2 | 0.002700 | - | 0.0720 | 0.1000 | 0.0100 | 0.0176 | 0.0256 | 0.0235 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S2 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|
| Net sales | - | - | - | - |
| EBITDA | - | - | - | - |
| EBIT | - | - | - | - |
| Operating Margin | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income 1 | -222.4 | 684.7 | 465.1 | 85.34 |
| Net margin | - | - | - | - |
| EPS 2 | - | - | - | 0.0159 |
| Dividend per Share | - | - | 0.0440 | - |
| Announcement Date | 7/30/20 | 2/24/22 | 7/28/22 | 7/31/23 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 756 | 629 | 128 | - | 39 | - | - | - |
| Net Cash position 1 | - | - | - | 65.2 | - | 109 | 258 | 454 |
| Leverage (Debt/EBITDA) | 3.276 x | 3.406 x | 0.1444 x | - | 0.1123 x | - | - | - |
| Free Cash Flow 1 | 33 | 116 | 626 | 851 | - | 254 | 260 | 294 |
| ROE (net income / shareholders' equity) | 2% | -17.8% | 58.3% | 38% | 5.9% | 10.1% | 12.4% | 11.2% |
| ROA (Net income/ Total Assets) | 1.06% | -9.09% | 34.2% | 26% | 4.31% | 7.33% | 8.73% | 8.6% |
| Assets 1 | 2,368 | 2,292 | 2,467 | 2,697 | 2,541 | 2,525 | 2,695 | 2,647 |
| Book Value Per Share 2 | 0.2700 | 0.2200 | 0.3800 | 0.3600 | 0.3400 | 0.3700 | 0.3900 | 0.4000 |
| Cash Flow per Share 2 | 0.0500 | 0.0500 | 0.1800 | 0.1900 | - | 0.0600 | 0.0700 | 0.0700 |
| Capex 1 | 184 | 103 | 224 | 84.7 | - | 110 | 139 | 111 |
| Capex / Sales | 11.6% | 7.03% | 7.55% | 2.58% | - | 4.48% | 5.42% | 4.43% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.3449
USD
Average target price
0.38
USD
Spread / Average Target
+10.18%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.06% | 1.82B | |
| +24.30% | 31.49B | |
| +21.02% | 23.83B | |
| -14.91% | 23.03B | |
| -3.80% | 12.27B | |
| +4.34% | 10.85B | |
| +45.92% | 9.64B | |
| +3.71% | 9.39B | |
| -1.74% | 9.03B | |
| +3.13% | 7.96B |
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- Financials Pacific Basin Shipping Limited
