Diana Shipping inc. (DSX) vs Pangaea Logistics Solutions Ltd. (PANL)

Diana Shipping inc. and Pangaea Logistics Solutions Ltd. are both Marine Shipping companies. Pangaea Logistics Solutions Ltd. is the larger, with a market value of $482.5M against $288.6M — 1.7× the size. Diana Shipping inc. trades at the lower P/E: 4.8× against 6.4×. Pangaea Logistics Solutions Ltd. grew revenue faster over the last twelve months: 27.8% against −3.68%. Diana Shipping inc. has the higher net margin (25.2% vs 0.00%) and the lower return on invested capital (2.88% vs 15.1%). Both pay a dividend; Pangaea Logistics Solutions Ltd. yields more (3.38% vs 1.72%). Across the 23 metrics below, Diana Shipping inc. leads on 13 and Pangaea Logistics Solutions Ltd. on 10.

Valuation

Metric DSX PANL Marine Shipping median
P/E 4.76 6.43 7.37
P/S 1.23 0.63 1.71
P/B 0.48 0.90 0.85
Price to free cash flow 2.02 4.11 4.11
EV/EBITDA 14.85 5.64 5.98
EV/Sales 2.86 0.84 2.47
Earnings yield 21.03% 15.56% 13.14%
Free cash flow yield 49.58% 24.33% 19.49%

Profitability

Metric DSX PANL Marine Shipping median
Gross margin 56.68% 0.00% 60.61%
Operating margin 19.25% 12.21% 27.74%
Net margin 25.21% 0.00% 25.21%
Free cash flow margin 61.21% 12.92% 18.27%
Return on equity 10.35% 0.00% 8.04%
Return on assets 4.68% 0.00% 5.13%
Return on invested capital 2.88% 15.14% 5.17%

Growth

Metric DSX PANL Marine Shipping median
Revenue growth (TTM) (3.68%) 27.77% 10.81%
EPS growth (last fiscal year) 120.00% (52.38%) (20.39%)
Revenue growth, 5-year CAGR 4.70% 10.54% 11.95%
Net income growth, 5-year CAGR 0.00% 11.28% 0.00%

Health

Metric DSX PANL Marine Shipping median
Debt to equity 1.10 0.00 0.44
Current ratio 2.05 1.52 1.67
Net debt to EBITDA 4.50 2.83 2.34

Dividend

Metric DSX PANL Marine Shipping median
Dividend yield 1.72% 3.38% 4.83%
Payout ratio 0.08 0.22 0.30

Size

Metric DSX PANL Marine Shipping median
Market cap 288.64m 482.54m 435.67m

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