Pangaea Logistics Solutions Ltd. (PANL) vs Seanergy Maritime Holdings Corp (SHIP)

Pangaea Logistics Solutions Ltd. and Seanergy Maritime Holdings Corp are both Marine Shipping companies. Pangaea Logistics Solutions Ltd. is the larger, with a market value of $533.6M against $374.4M — 1.4× the size. Seanergy Maritime Holdings Corp trades at the lower P/E: 5.8× against 10.7×. Seanergy Maritime Holdings Corp grew revenue faster over the last twelve months: 32.0% against 22.5%. Seanergy Maritime Holdings Corp has the higher net margin (31.0% vs 6.76%) and the higher return on invested capital (9.47% vs 5.92%). Both pay a dividend; Seanergy Maritime Holdings Corp yields more (13.5% vs 4.71%). Across the 23 metrics below, Seanergy Maritime Holdings Corp leads on 14 and Pangaea Logistics Solutions Ltd. on 9.

Valuation

Metric PANL SHIP Marine Shipping median
P/E 10.68 5.80 6.89
P/S 0.73 1.80 1.92
P/B 1.04 1.25 0.90
Price to free cash flow 5.92 5.85 4.62
EV/EBITDA 6.34 7.71 6.57
EV/Sales 1.01 3.29 2.73
Earnings yield 9.36% 17.23% 9.59%
Free cash flow yield 16.89% 17.10% 16.76%

Profitability

Metric PANL SHIP Marine Shipping median
Gross margin 35.61% 69.98% 60.61%
Operating margin 9.32% 42.63% 27.74%
Net margin 6.76% 30.97% 25.21%
Free cash flow margin 12.26% 30.73% 17.29%
Return on equity 10.07% 0.00% 8.62%
Return on assets 5.13% 9.73% 5.35%
Return on invested capital 5.92% 9.47% 5.32%

Growth

Metric PANL SHIP Marine Shipping median
Revenue growth (TTM) 22.50% 31.98% 13.26%
EPS growth (last fiscal year) (52.38%) (52.13%) —
Revenue growth, 5-year CAGR 10.54% 20.07% 11.77%
Net income growth, 5-year CAGR 11.28% 0.00% 0.00%

Health

Metric PANL SHIP Marine Shipping median
Debt to equity 0.63 0.94 0.52
Current ratio 1.38 0.00 1.63
Net debt to EBITDA 2.83 2.87 2.34

Dividend

Metric PANL SHIP Marine Shipping median
Dividend yield 4.71% 13.51% 5.54%
Payout ratio 0.42 0.36 0.13

Size

Metric PANL SHIP Marine Shipping median
Market cap 533.61m 374.43m 420.73m

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