Pacific Basin Shipping Ltd (2343:HK)

Price Target: HK$2.20 Rating: Buy

Quick Scorecard

  • Earnings Outlook

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  • Tech Progress

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  • Pricing Power

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  • Balance Sheet Strength

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  • Defensiveness against Competitors

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  • Defensiveness against Higher Fuel Prices

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  • Defensiveness against Higher Interest Rates

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  • Management Quality

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  • Information Disclosure

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  • Stock Trading Liquidity

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Pacific Basin Shipping Financial Summary & Valuations

Year to December2019 (Forecast)*2018 (Forecast)*201720162015
Net profit (US$ millions)117643.6-86.5-18.5
Net profit margin4.8%3.2%0.2%-8.0%-1.5%
EPS (US$)0.030.010.09-2.63-0.97
EPS growth/decline83%-85% due to share issuanceTurns profitable171%-93%
DPS (US$)0.000.000.000.000.00
Dividend yield0.0%0.0%0.0%0.0%0.0%
ROE9.2%5.4%0.3%-8.6%-1.9%
P/E (x)10.519.3236.4-4.9-25.1
Price/Book (x)0.921.010.750.400.48
*Forecast by Crucial Perspective

Pacific Basin Shipping Operating Metrics (1Q18)

  • Hub Base: Hong Kong
  • Group Vessel Fleet Size: 228 (As at March 2018)
  • Handysize Vessel Average Daily TCE Earnings: US$9,360
  • Handysize Vessel Daily TCE Earnings Growth (Decline): 25%
  • Supramax Vessel Average Daily TCE Earnings: US$11,250
  • Supramax Vessel Daily TCE Earnings Growth (Decline): 40%
  • Contracted Handysize Revenue Days for 2Q18-4Q18: 44%
  • Contracted Supramax Revenue Days for 2Q18-4Q18: 66%

Latest Analysis (Pacific Basin Shipping)