Pacific Basin Shipping Ltd
HKEX:2343

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Pacific Basin Shipping Ltd Logo
Pacific Basin Shipping Ltd
HKEX:2343
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Price: 2 HKD -2.91% Market Closed
Market Cap: 10.2B HKD
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Intrinsic Value

The intrinsic value of one Pacific Basin Shipping Ltd stock under the Base Case scenario is 3.04 HKD. Compared to the current market price of 2 HKD, Pacific Basin Shipping Ltd is Undervalued by 34%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

Intrinsic Value
3.04 HKD
Undervaluation 34%
Intrinsic Value
Price
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Base Case
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Pacific Basin Shipping Ltd

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Pacific Basin Shipping Ltd

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Pacific Basin Shipping Ltd

Current Assets 570.6m
Cash & Short-Term Investments 260.7m
Receivables 138.1m
Other Current Assets 171.8m
Non-Current Assets 1.8B
PP&E 1.8B
Intangibles 25.3m
Other Non-Current Assets 6.5m
Current Liabilities 335m
Accounts Payable 99.5m
Accrued Liabilities 88.2m
Other Current Liabilities 147.3m
Non-Current Liabilities 270.6m
Long-Term Debt 270.5m
Other Non-Current Liabilities 68k
Efficiency

Earnings Waterfall
Pacific Basin Shipping Ltd

Revenue
2.4B USD
Cost of Revenue
-2.3B USD
Gross Profit
110.5m USD
Operating Expenses
-2m USD
Operating Income
108.4m USD
Other Expenses
-26.8m USD
Net Income
81.7m USD

Free Cash Flow Analysis
Pacific Basin Shipping Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Amid significant shareholder distributions, our financials remain robust with $375 million in committed liquidity and decreasing debt; 65 of our vessels are free of mortgages. We're committed to investing in growth while maintaining a dividend policy with a minimum 50% payout of annual net profits. China's Covid-reopening is spurring dry bulk demand, with a dramatic uptick in coal imports, particularly from Indonesia and Russia. The new shipbuilding sector faces headwinds due to high costs, regulatory uncertainties, and a push for zero-emission vessels, explaining the decade-low order book of 7.4%. In the short term, global demand is strained by economic factors, possibly affecting 2023's freight rates negatively; however, long-term prospects seem promising due to supply constraints and demand for greener shipping. We are optimistic about the future, supported by our modern fleet and strong global-local business approach.

What is Earnings Call?
Fundamental Scores

Profitability Score
Profitability Due Diligence

Pacific Basin Shipping Ltd's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Positive Free Cash Flow
Positive 3-Year Average ROIC
Positive 3-Years Revenue Growth
57/100
Profitability
Score

Pacific Basin Shipping Ltd's profitability score is 57/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Pacific Basin Shipping Ltd's solvency score is 68/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Long-Term Solvency
Low D/E
Short-Term Solvency
68/100
Solvency
Score

Pacific Basin Shipping Ltd's solvency score is 68/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Pacific Basin Shipping Ltd

Wall Street analysts forecast Pacific Basin Shipping Ltd stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Pacific Basin Shipping Ltd is 2.83 HKD with a low forecast of 2.42 HKD and a high forecast of 3.15 HKD.

Lowest
Price Target
2.42 HKD
21% Upside
Average
Price Target
2.83 HKD
41% Upside
Highest
Price Target
3.15 HKD
58% Upside
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Dividends

Dividend Yield
Lowest
Average
Highest
Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Unsafe
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Safe
Very
Safe
0
25
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100
Shareholder Yield

Current shareholder yield for Pacific Basin Shipping Ltd is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Profile

Pacific Basin Shipping Ltd Logo
Pacific Basin Shipping Ltd

Country

Hong Kong

Industry

Marine

Market Cap

10.5B HKD

Dividend Yield

5%

Description

Pacific Basin Shipping Ltd. is an investment holding company, which engages in the ownership and international operation of dry bulk ships. The company employs 4,965 full-time employees The company went IPO on 2004-07-14. The firm is also engaged in the management and investment of the Company’s cash and deposits through its treasury activities. Through its subsidiaries, the Company is engaged in convertible bond issuer.

Contact

31/F, One Island South, 2 Heung Yip Road, Wong Chuk Hang
+85222337000.0
www.pacificbasin.com

IPO

2004-07-14

Employees

4 965

Officers

Chief Financial Officer
Mr. Michael Tonnes Jorgensen
Director of Accounting
Karin Mak
Director of Human Resources & Administration
Mr. P. B. Subbiah
Head of Investor Relations & Corporate Communication
Mr. Peter Budd
General Manager of Insurance & Legal
Xiu Cheng
Director of Sale & Purchase
Daigoro Oyama
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Head of Sustainability
Mr. Mark Hardy
Director of Asset Management
Mr. Morten H. Ingebrigtsen
Director of Operations
Captain Suresh Prabhakar
Head of Atlantic Supramax
Mr. Harry Stapleton
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What is the Intrinsic Value of one Pacific Basin Shipping Ltd stock?

The intrinsic value of one Pacific Basin Shipping Ltd stock under the Base Case scenario is 3.04 HKD.

Is Pacific Basin Shipping Ltd stock undervalued or overvalued?

Compared to the current market price of 2 HKD, Pacific Basin Shipping Ltd is Undervalued by 34%.

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