Pacific Basin Shipping Limited PCFBY

IndustrialsFreight & Logistics ServicesHong Kong

Last close 9.04 USD on Nov 3, 2026, +64.0% year to date

Quant rating

Quant rating B Rank 148 of 418 in Industrials

Growth D 332 of 418
Valuation C 254 of 418
Quality D 311 of 418
Revisions A 2 of 418
Momentum A 58 of 418

Wall Street consensus Buy (2.22)Average target 0.55 USD −93.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,081	2,582	2,297	3,282	2,973	–
Revenue growth	−19.4%	12.4%	−30.0%	10.4%	102.1%	7.2%
EPS (basic, normalized)	0.01	0.03	0.03	0.13	0.16	–
EPS growth	−56.0%	0.0%	−81.1%	−15.9%	–	–
Gross margin	3.6%	5.2%	5.7%	22.3%	24.9%	12.4%
Net margin	2.8%	5.1%	4.8%	21.4%	28.4%	12.5%
ROE	3.2%	7.3%	5.9%	37.5%	58.3%	22.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,081	−19.4%	1.1x	263	−13.0%	8.4x	0.01	−56.0%	821.8x
2026	2,425	+16.5%	0.9x	421	+59.9%	5.3x	0.05	+318.2%	196.5x
2027	2,475	+2.0%	0.9x	413	−1.9%	5.4x	0.04	−5.7%	208.4x
2028	2,733	+10.4%	0.8x	414	+0.3%	5.4x	0.04	−2.4%	213.6x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,425	+1.0%	−1.4%	+1.4%	0.05	+8.2%	+62.1%	+77.9%
2027	2,475	+1.6%	−1.5%	+5.2%	0.04	+21.8%	+55.6%	+56.5%
2028	2,733	+12.3%	+12.9%	+15.6%	0.04	+16.3%	+48.0%	+55.6%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Freight & Logistics Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PCFBY Pacific Basin Shipping Limited	2.3B	–	2.8%	1.21x	196.5x	208.4x	5.3x	5.4x
DAC Danaos Corporation	2.8B	−0.03x	47.4%	0.69x	5.4x	4.8x	3.6x	3.5x
NMM Navios Maritime Partners L.P.	2.5B	2.55x	20.8%	0.70x	4.5x	4.0x	4.3x	3.9x
OSTIY Oesterreichische Post AG	2.4B	–	–	–	9.0x	8.0x	–	–
CKNHY Clarkson PLC	2.1B	–	10.4%	2.83x	8.1x	8.7x	8.5x	9.1x
MTL Mullen Group Ltd.	2.0B	2.59x	4.3%	2.34x	20.4x	17.5x	9.2x	8.3x
Mean		1.70x	17.1%	1.56x	40.6x	41.9x	6.2x	6.0x
Median		2.55x	10.4%	1.21x	8.5x	8.3x	5.3x	5.4x

Technical analysis

1M−9.9%
3M+6.2%
1Y+44.3%
3Y+83.0%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Pacific Basin Shipping Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,081	2,582	2,297	3,282	2,973	1,471
Cost of revenue	2,005	2,446	2,166	2,550	2,233	1,434
Gross profit	75.8	135	131	732	739	36.9
Selling, general & administrative expenses	7.0	2.0	6.7	8.1	8.5	6.1
Research & development	–	–	–	–	–	–
Interest expense (income), operating	2.5	0.6	1.5	−1.9	−0.2	0.3
Unusual expense (income)	−7.6	−9.6	5.2	−15.1	−151	200
Other operating expenses	4.7	0	0	23.0	4.3	0
Operating income	69.3	142	118	718	878	−170
Net interest income (expense)	−7.8	−7.7	−7.0	−15.3	−30.2	−34.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−2.6	−2.1	−1.5	−0.1	−1.5	−1.8
Net income before taxes	58.8	132	109	702	846	−206
Provision for taxes	0.7	0.7	−0.3	0.6	1.5	2.0
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	58.2	132	109	702	845	−208
Extraordinary items	–	–	–	–	–	–
Net income	58.2	132	109	702	845	−208
EBIT, normalized	99.5	157	124	701	727	30.8
EBITDA, normalized	290	358	339	899	879	191
Basic EPS, normalized	0.01	0.03	0.03	0.13	0.16	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Pacific Basin Shipping Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	271	282	261	444	460	235
Receivables	122	130	123	141	144	62.8
Total inventory	96.5	126	135	124	104	78.1
Prepaid expenses	26.6	24.9	17.9	15.9	28.0	17.1
Other current assets	1.5	2.3	2.0	24.3	14.7	31.5
Total current assets	517	566	539	750	750	424
Property, plant & equipment	1,733	1,779	1,860	1,862	1,961	1,731
Goodwill	25.3	25.3	25.3	25.3	25.3	25.3
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	4.9
Other long-term assets	3.2	44.2	8.2	11.4	9.0	4.1
Total assets	2,278	2,414	2,432	2,649	2,745	2,190
Liabilities
Accounts payable	82.2	100	105	80.8	70.5	56.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	82.7	73.5	103	121	106	60.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	95.5	106	85.5	158	98.0	115
Other current liabilities	57.4	68.7	59.9	67.6	82.6	53.1
Total current liabilities	318	349	353	427	357	285
Long-term debt	135	238	281	314	551	825
Minority interest	–	–	–	–	–	–
Other liabilities	0.8	0.5	0.8	0.3	6.6	14.5
Total liabilities	453	587	635	741	914	1,125
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	50.5	50.7	52.6	52.5	47.9	47.5
Additional paid-in capital	384	395	428	428	313	307
Retained earnings (accumulated deficit)	1,391	1,380	1,313	1,420	1,460	705
Treasury stock	–	–	–	–	–	–
Other equity	−1.3	1.5	4.5	7.1	10.1	5.1
Total equity	1,825	1,827	1,798	1,907	1,831	1,065
Total liabilities & shareholders' equity	2,278	2,414	2,432	2,649	2,745	2,190

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Pacific Basin Shipping Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	58.8	132	109	702	846	−206
Depreciation, depletion & amortization	191	201	215	199	152	160
Deferred taxes	–	–	–	–	–	–
Non-cash items	8.0	0.3	24.1	35.9	−105	235
Changes in working capital	13.3	−24.1	5.2	−1.6	−43.4	30.3
Cash from operations	271	309	353	935	850	220
Investing activities
Capital expenditures	−116	−128	−252	−84.7	−224	−103
Other investing cash flows	73.1	41.0	191	148	−110	11.3
Cash from investing	−43.3	−87.4	−61.2	63.2	−334	−92.1
Financing activities
Financing cash flow items	−22.8	−20.3	−21.4	−35.9	−29.0	−34.7
Cash dividends paid	−44.1	−65.8	−218	−716	−86.5	−12.9
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−181	−128	−150	−197	−318	−54.0
Cash from financing	−248	−214	−390	−949	−433	−102
Foreign exchange effects	4.1	−3.3	0.1	−0.2	0	0.2
Net change in cash	−16.3	4.2	−97.4	49.2	83.4	26.1
Free cash flow	154	181	101	851	626	116

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.