Euroseas Ltd. (ESEA) vs Pangaea Logistics Solutions Ltd. (PANL)

Euroseas Ltd. 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 $467.0M — 1.1× the size. Euroseas Ltd. trades at the lower P/E: 3.6× against 10.7×. Pangaea Logistics Solutions Ltd. grew revenue faster over the last twelve months: 22.5% against 2.53%. Euroseas Ltd. has the higher net margin (60.0% vs 6.76%) and the higher return on invested capital (16.8% vs 5.92%). Both pay a dividend; Euroseas Ltd. yields more (4.94% vs 4.71%). Across the 23 metrics below, Euroseas Ltd. leads on 20 and Pangaea Logistics Solutions Ltd. on 3.

Valuation

Metric ESEA PANL Marine Shipping median
P/E 3.57 10.68 6.89
P/S 2.14 0.73 1.92
P/B 0.93 1.04 0.90
Price to free cash flow 3.51 5.92 4.62
EV/EBITDA 2.91 6.34 6.57
EV/Sales 2.18 1.01 2.73
Earnings yield 28.02% 9.36% 9.59%
Free cash flow yield 28.50% 16.89% 16.76%

Profitability

Metric ESEA PANL Marine Shipping median
Gross margin 77.80% 35.61% 60.61%
Operating margin 63.22% 9.32% 27.74%
Net margin 59.98% 6.76% 25.21%
Free cash flow margin 61.02% 12.26% 17.29%
Return on equity 29.33% 10.07% 8.62%
Return on assets 19.21% 5.13% 5.35%
Return on invested capital 16.78% 5.92% 5.32%

Growth

Metric ESEA PANL Marine Shipping median
Revenue growth (TTM) 2.53% 22.50% 13.26%
EPS growth (last fiscal year) 21.73% (52.38%) —
Revenue growth, 5-year CAGR 33.72% 10.54% 11.77%
Net income growth, 5-year CAGR 110.07% 11.28% 0.00%

Health

Metric ESEA PANL Marine Shipping median
Debt to equity 0.39 0.63 0.52
Current ratio 5.46 1.38 1.63
Net debt to EBITDA 0.23 2.83 2.34

Dividend

Metric ESEA PANL Marine Shipping median
Dividend yield 4.94% 4.71% 5.54%
Payout ratio 0.14 0.42 0.13

Size

Metric ESEA PANL Marine Shipping median
Market cap 467.02m 533.61m 420.73m

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