Pangaea Logistics Solutions stock: fair value
PANLThe fair value of Pangaea Logistics Solutions under our model is $8.55, the price is 11% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $6.11 and expensive above $14.25 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $7.96 (cash-flow model) and $9.15 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly above both parts; given how much the stock swings, that still counts as fair.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $7.87, at 7.8% it would be $9.57.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (8.1).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.97 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $7.96 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.8%) |
|---|---|---|---|---|
| 2026 | $21.82M | extrapolated at 12.9% | 0.9189 | $20.05M |
| 2027 | $24.03M | extrapolated at 10.2% | 0.8443 | $20.29M |
| 2028 | $26.02M | extrapolated at 8.3% | 0.7758 | $20.19M |
| 2029 | $27.82M | extrapolated at 6.9% | 0.7129 | $19.83M |
| 2030 | $29.49M | extrapolated at 6.0% | 0.6550 | $19.32M |
| 2031 | $31.07M | extrapolated at 5.4% | 0.6019 | $18.7M |
| 2032 | $32.59M | extrapolated at 4.9% | 0.5530 | $18.02M |
| 2033 | $34.08M | extrapolated at 4.6% | 0.5082 | $17.32M |
| 2034 | $35.56M | extrapolated at 4.4% | 0.4669 | $16.6M |
| 2035 | $37.05M | extrapolated at 4.2% | 0.4291 | $15.9M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $186.22M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (8.8% − 3.8%) | $769.44M |
| Present value of terminal value (× 0.4291) | $330.13M |
| Equity value (sum plus present value of terminal value) | $516.35M |
| Shares (diluted) | 64.90M |
| Value per share (equity value divided by shares) | $7.96 |
| Earnings per share, last twelve months | $1.13 |
| × 8.1 (industry P/E) | $9.15 |
| Fair value (average of both parts) | $8.55 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 11 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.