Discounted Cash Flow

Pangaea Logistics Solutions Ltd.

PANL · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $238.0m $7.5m $19.2m 3.1% $0.21
2017 $385.1m (61.8%) $7.8m (4.8%) $29.2m (52.1%) 2.0% (-35.2%) $0.20 (-4.8%)
2018 $373.0m (-3.1%) $17.8m (127.3%) $40.1m (37.3%) 4.8% (134.7%) $0.42 (110.0%)
2019 $412.2m (10.5%) $11.7m (-34.3%) $44.5m (10.8%) 2.8% (-40.6%) $0.27 (-35.7%)
2020 $382.9m (-7.1%) $11.4m (-2.6%) $20.8m (-53.1%) 3.0% (4.8%) $0.26 (-3.7%)
2021 $718.1m (87.5%) $67.2m (492.2%) $61.7m (196.3%) 9.4% (215.8%) $1.53 (488.5%)
2022 $699.7m (-2.6%) $79.5m (18.2%) $98.4m (59.4%) 11.4% (21.4%) $1.79 (17.0%)
2023 $499.3m (-28.6%) $26.3m (-66.9%) $26.5m (-73.0%) 5.3% (-53.6%) $0.59 (-67.0%)
2024 $536.5m (7.5%) $28.9m (9.8%) $-3.7m (-114.1%) 5.4% (2.2%) $0.64 (8.5%)
2025 $632.0m (17.8%) $19.4m (-33.0%) $47.2m (1363.1%) 3.1% (-43.1%) $0.30 (-53.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model