Pangaea Logistics Solutions is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone. Pangaea addresses the transportation needs of its customers by undertaking a set of services and activities, including cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management.

Type
Public
HQ
Newport, US
Founded
2008
Size (employees)
62 (est)+3000%
Pangaea Logistics Solutions was founded in 2008 and is headquartered in Newport, US
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Pangaea Logistics Solutions Office Locations

Pangaea Logistics Solutions has offices in Singapore, Marousi, Newport, Hellerup and in 1 other location
Newport, US (HQ)
109 Long Wharf
Rio de Janeiro, BR
22290 Av. Brasil
Hellerup, DK
4 Tuborg Havnevej
Marousi, GR
90 Leof. Kifisias
Singapore, SG
24 Duxton Hill
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Pangaea Logistics Solutions Financials and Metrics

Pangaea Logistics Solutions Revenue

Pangaea Logistics Solutions's revenue was reported to be $385.09 m in FY, 2017
USD

Revenue (Q1, 2018)

79 m

Net income (Q1, 2018)

5.5 m

EBIT (Q1, 2018)

7.8 m

Market capitalization (11-Jul-2018)

130.4 m

Closing share price (11-Jul-2018)

3

Cash (31-Mar-2018)

28.2 m

EV

126.8 m
Pangaea Logistics Solutions's current market capitalization is $130.4 m.
Annual
usdFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

30.5 m61.3 m83.2 m146.6 m191 m191 m198.9 m385.1 m

Revenue growth, %

101%36%76%30%0%4%

Cost of goods sold

888 k3.7 m4.5 m28.9 m41.3 m63 m26.3 m

Gross profit

29.7 m57.6 m78.7 m117.8 m149.7 m128 m172.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

37.8 m64.1 m31.2 m58.1 m39.4 m29.7 m64.4 m30.2 m55.6 m102.5 m107 m79 m

Cost of goods sold

13 m11.3 m

Gross profit

42.6 m91.2 m

Gross profit Margin, %

77%89%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

22.7 m111.8 m111.8 m85.9 m70.6 m45.4 m97.5 m139.4 m34.5 m

Accounts Receivable

15.7 m22.1 m24.7 m25 m21.1 m

Inventories

10.6 m37.1 m12.7 m17.3 m

Current Assets

327 m370.5 m447.7 m385.4 m83 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

35.9 m75.6 m37.4 m125.2 m109.3 m90 m110.1 m69.9 m54.4 m96.1 m109.4 m29.3 m28.2 m

Accounts Receivable

24.5 m20.5 m22.1 m18.2 m17.4 m28.4 m20.9 m18 m22.5 m36.3 m39.7 m30.9 m21.7 m

Inventories

14.6 m20.7 m29.8 m39 m17 m13.7 m14.7 m16.5 m16.1 m16.7 m24.4 m

Current Assets

337.7 m363.4 m351 m407.3 m410.2 m423.9 m432.4 m366.3 m342 m383.7 m436.9 m94.2 m74 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

74.1 m41.9 m14.7 m48.1 m9.1 m

Depreciation and Amortization

13 m13.1 m14.1 m20.8 m15.6 m

Inventories

424 k(27 m)(8.6 m)(4.5 m)

Accounts Payable

3.6 m3.1 m790 k4.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

16.2 m4 m24.4 m28.7 m1.3 m(10.5 m)(3.4 m)1.9 m23.8 m22.3 m10.4 m57.6 m8.8 m5.5 m

Depreciation and Amortization

9.7 m3.3 m6.4 m9.7 m3.5 m6.9 m10.5 m3.7 m7.4 m14 m6.7 m13.4 m4.3 m

Inventories

3.2 m(4 m)(10.1 m)(19.2 m)(1.9 m)(12.9 m)(9.6 m)(2 m)(3.7 m)(3.2 m)646 k(7.1 m)

Accounts Payable

265 k(4.6 m)1.9 m(3.1 m)(8.6 m)826 k1.2 m(9.1 m)(5.6 m)(5.1 m)(8.3 m)(1.9 m)
USDY, 2018

EV/EBIT

16.3 x

EV/CFO

45.4 x

Revenue/Employee

1.3 m

Financial Leverage

1.9 x
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Pangaea Logistics Solutions Online and Social Media Presence

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Pangaea Logistics Solutions Company Life and Culture

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