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 $533.6M against $359.6M — 1.5× the size. Diana Shipping inc. trades at the lower P/E: 5.7× against 10.7×. Pangaea Logistics Solutions Ltd. grew revenue faster over the last twelve months: 22.5% against −3.68%. Diana Shipping inc. has the higher net margin (25.2% vs 6.76%) and the lower return on invested capital (2.88% vs 5.92%). Both pay a dividend; Diana Shipping inc. yields more (19.4% vs 4.71%). 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 5.71 10.68 6.89
P/S 1.48 0.73 1.92
P/B 0.58 1.04 0.90
Price to free cash flow 2.42 5.92 4.62
EV/EBITDA 16.14 6.34 6.57
EV/Sales 3.11 1.01 2.73
Earnings yield 17.50% 9.36% 9.59%
Free cash flow yield 41.26% 16.89% 16.76%

Profitability

Metric DSX PANL Marine Shipping median
Gross margin 56.68% 35.61% 60.61%
Operating margin 19.25% 9.32% 27.74%
Net margin 25.21% 6.76% 25.21%
Free cash flow margin 61.21% 12.26% 17.29%
Return on equity 10.35% 10.07% 8.62%
Return on assets 4.68% 5.13% 5.35%
Return on invested capital 2.88% 5.92% 5.32%

Growth

Metric DSX PANL Marine Shipping median
Revenue growth (TTM) (3.68%) 22.50% 13.26%
EPS growth (last fiscal year) 120.00% (52.38%) —
Revenue growth, 5-year CAGR 4.70% 10.54% 11.77%
Net income growth, 5-year CAGR 0.00% 11.28% 0.00%

Health

Metric DSX PANL Marine Shipping median
Debt to equity 1.10 0.63 0.52
Current ratio 2.05 1.38 1.63
Net debt to EBITDA 4.50 2.83 2.34

Dividend

Metric DSX PANL Marine Shipping median
Dividend yield 19.41% 4.71% 5.54%
Payout ratio 0.81 0.42 0.13

Size

Metric DSX PANL Marine Shipping median
Market cap 359.56m 533.61m 420.73m

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