Ardmore Shipping Corporation (ASC) vs Pangaea Logistics Solutions Ltd. (PANL)

Ardmore Shipping Corporation and Pangaea Logistics Solutions Ltd. are both Marine Shipping companies. Ardmore Shipping Corporation is the larger, with a market value of $728.4M against $533.6M — 1.4× the size. Ardmore Shipping Corporation trades at the lower P/E: 6.9× against 10.7×. Pangaea Logistics Solutions Ltd. grew revenue faster over the last twelve months: 22.5% against 13.6%. Ardmore Shipping Corporation has the higher net margin (28.7% vs 6.76%) and the higher return on invested capital (9.57% vs 5.92%). Both pay a dividend; Ardmore Shipping Corporation yields more (6.26% vs 4.71%). Across the 23 metrics below, Ardmore Shipping Corporation leads on 15 and Pangaea Logistics Solutions Ltd. on 8.

Valuation

Metric ASC PANL Marine Shipping median
P/E 6.89 10.68 6.89
P/S 1.98 0.73 1.92
P/B 1.04 1.04 0.90
Price to free cash flow 12.29 5.92 4.62
EV/EBITDA 4.79 6.34 6.57
EV/Sales 1.94 1.01 2.73
Earnings yield 14.51% 9.36% 9.59%
Free cash flow yield 8.14% 16.89% 16.76%

Profitability

Metric ASC PANL Marine Shipping median
Gross margin 47.15% 35.61% 60.61%
Operating margin 28.48% 9.32% 27.74%
Net margin 28.67% 6.76% 25.21%
Free cash flow margin 16.09% 12.26% 17.29%
Return on equity 16.02% 10.07% 8.62%
Return on assets 14.45% 5.13% 5.35%
Return on invested capital 9.57% 5.92% 5.32%

Growth

Metric ASC PANL Marine Shipping median
Revenue growth (TTM) 13.60% 22.50% 13.26%
EPS growth (last fiscal year) (71.24%) (52.38%) —
Revenue growth, 5-year CAGR 7.11% 10.54% 11.77%
Net income growth, 5-year CAGR 0.00% 11.28% 0.00%

Health

Metric ASC PANL Marine Shipping median
Debt to equity 0.05 0.63 0.52
Current ratio 5.45 1.38 1.63
Net debt to EBITDA 0.92 2.83 2.34

Dividend

Metric ASC PANL Marine Shipping median
Dividend yield 6.26% 4.71% 5.54%
Payout ratio 0.18 0.42 0.13

Size

Metric ASC PANL Marine Shipping median
Market cap 728.39m 533.61m 420.73m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack