Stock fact sheet · data as of
Pangaea Logistics Solutions, Ltd. (PANL): fair value, margin of safety and Wheel Score
Industrials · Marine Shipping · United States · Value
Is PANL undervalued?
PANL closed at 8.17 on 16 Oct 2026 against a GLS average fair value of 8.92 - 8.5% below fair value, which our screens read as "fairly priced". 5 of 9 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
There is a wide gap between DCF (1.19) and 10 Cap (20.50). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files PANL under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for PANL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.19 | -85% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 10.76 | +32% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 11.92 | +46% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.96 | -64% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.16 | -74% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 20.50 | +151% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 18.94 | +132% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 3.68 | -55% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 8.21 | +0% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -3.63 | -144% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Pangaea Logistics Solutions, Ltd. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 1.4/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 2.4%, ROE 4.5%, ROA 2.1% - with debt at 0.87 times equity and a free-cash-flow yield of 11.9%.
The dividend yield is 3.06% at a payout ratio of 28%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Voyage 48%, operating 48%, Charter 3% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 2.4% |
|---|---|---|---|
| GLS Moat | 1.4 / 10 | ROE | 4.5% |
| Debt / equity | 0.87 | ROA | 2.1% |
| Free-cash-flow yield | 11.9% | Payout ratio | 28% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 62: Fair
A Wheel Score of 62 puts Pangaea Logistics Solutions, Ltd. in the Fair band - below the 70 the Sunday Scan requires. Value 16/25, Health 13/20, Moat 2/15, Premium 20/20 and Stability 11/20; the weakest part is Moat (2/15).
Implied volatility is 51% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 2,375 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 426k shares a day on a market cap of $535M, with a beta of 0.81; the Stability part of the Wheel Score gives that 11 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 16 / 25 | 8% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 2 / 15 | moat 1.4/10 | |
| Premium | 20 / 20 | implied volatility 51% | |
| Stability | 11 / 20 | 426k shares/day, $535M cap, beta 0.81 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Marine Shipping
The 12 companies below are the closest to Pangaea Logistics Solutions, Ltd. by market cap within the Marine Shipping industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ESEA Euroseas Ltd. | 67.45 | 213.07 | +68% | 39No options | $476M |
| CMDB Costamare Bulkers Holdings Limited | 19.47 | 18.67 | -4% | 39No options | $473M |
| HSHP Himalaya Shipping Ltd. | 16.24 | 35.94 | +55% | 39No options | $766M |
| ASC Ardmore Shipping Corporation | 18.98 | 22.71 | +16% | 71Good | $775M |
| SHIP Seanergy Maritime Holdings Corp. | 16.60 | 24.77 | +33% | 73Good | $360M |
| KNOP KNOT Offshore Partners LP | 9.77 | 34.55 | +72% | 69Good | $329M |
| GASS StealthGas Inc. | 8.56 | 24.24 | +65% | 74Good | $322M |
| DSX Diana Shipping Inc. | 2.56 | 8.73 | +71% | 59Fair | $318M |
| SB Safe Bulkers, Inc. | 8.22 | 9.29 | +11% | 73Good | $936M |
| GNK Genco Shipping & Trading Limited | 24.93 | 12.01 | -108% | 47Weak | $1.1B |
| CCEC Capital Clean Energy Carriers Corp. | 20.25 | 17.09 | -18% | 50Fair | $1.2B |
| SMHI SEACOR Marine Holdings Inc. | 8.24 | 18.08 | +54% | 45Weak | $224M |
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Start free See the Sunday ScanQuestions about PANL
Is PANL undervalued right now?
Not meaningfully: at 8.17 the stock trades within a few percent of the GLS average fair value of 8.92 (8.5% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of PANL and what does it mean?
PANL scores 62 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for PANL?
8.92 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Pangaea Logistics Solutions, Ltd. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does PANL have listed options, and how liquid are they?
Yes. The nightly snapshot found 58 listed contracts with 2,375 open interest across all expiries and implied volatility of 51% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.