Pacific Basin Shipping Ltd (2343) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Pacific Basin Shipping Ltd stock HK$1.86, price HK$3.61, that is 48.4% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range HK$1.37 – HK$4.43 · fair‑value band HK$1.40 – HK$2.33 · the HK$3.61 price screens above the HK$1.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 1, 2026.
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Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services in Hong Kong and internationally.
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The company offers shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.
It also offers shipping consulting, crewing, secretarial, ocean shipping, ship agency, and operation and management services. In addition, the company is involved in the vessel owning and chartering, and convertible bonds issuing activities.
It has a fleet of 250 owned and chartered vessels, including 1 Capesize, 106 Handysize and Supramax/Ultramax vessels. The company was founded in 1987 and is headquartered in Wong Chuk Hang, Hong Kong.
Stock analysis
Pacific Basin Shipping Ltd (2343) currently trades at HK$3.61, while our model-based Fair Value estimate is HK$1.86, 48.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$2.97 per share, and 6 of the 26 models we run sit above the HK$3.61 price.
Bear case: the Earnings-Based group reads lowest at HK$0.6900, and 20 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$1.40 (bear) to HK$2.33 (bull), the price of HK$3.61 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Pacific Basin Shipping Ltd reported revenue of $2.1B in FY2025 versus $3.0B in FY2021, a compound −8.5%/yr. Reported net income was $58.3M in FY2025, compounding −48.8%/yr from FY2021.
Key figures
Market cap HK$18.5B (≈ $2.4B) Mid · P/E ratio 0.2 · Dividend yield 0.8% · Net margin 2.8% · Return on equity 7.5% · Return on assets (EBIT) 13.5% · Operating margin 10.0% · Revenue (TTM) $2.2B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 68% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at −48%, 2343 screens richer than that median.
Fair Value models
BearHK$1.40Fair Value HK$1.86BullHK$2.33
Price HK$3.61 · Downside -48.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−19.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−14.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−31.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.7%
Dividend (yield on the price)0.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2% → 3%
⚠ Revenue per share shrinking 7.1%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +5.9% a year for the price and +0.6% for the forecasts.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 222 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−48.4% · Bottom 25%
Profitability
Return on equity (12 months)7.5% · Below median
Return on assets2.6% · Below median
Net margin (12 months)6.4% · Below median
Operating margin (12 months)10.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)8.5% · Below median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.04× · Lowest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (12 months)0.2× · Cheapest 25%
PEG0.48× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)43· sector 60
PAST (return on equity)30· sector 34
HEALTH (low debt)98· sector 89
DIVIDEND (yield)16· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Pacific Basin Shipping Ltd (2343) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of HK$1.86 versus a price of HK$3.61, about 48% lower (overvalued).
What is the fair value of 2343?
Our model-based fair value for Pacific Basin Shipping Ltd is HK$1.86 (as of Nov 1, 2026), built from audited fundamentals. The current price: HK$3.61.
What is the quality score of 2343?
Pacific Basin Shipping Ltd has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Pacific Basin Shipping Ltd (2343)?
Our model-based price target is the fair value of HK$1.86 (as of Nov 1, 2026) from 26 valuation models. Cautious scenario HK$1.40, optimistic scenario HK$2.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Pacific Basin Shipping Ltd stock forecast for 2026?
Our models put fair value at HK$1.86, about 48% lower versus a price of HK$3.61 (overvalued). Cautious scenario HK$1.40, optimistic scenario HK$2.33. The calculation is refreshed regularly with new filings.
What is the revenue of Pacific Basin Shipping Ltd (2343)?
Pacific Basin Shipping Ltd reported trailing-twelve-month revenue of about $2.2B (latest available figure, as of Nov 1, 2026).
Does Pacific Basin Shipping Ltd pay a dividend?
Pacific Basin Shipping Ltd currently shows a dividend yield of 0.78% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Pacific Basin Shipping Ltd (2343)?
For today's price to be fair in a discounted-cash-flow model, Pacific Basin Shipping Ltd would have to grow free cash flow by +8.4 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.2 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of 2343 use?
Our models discount Pacific Basin Shipping Ltd at 11.5 %: a base by market capitalisation (mid), damped by beta 1.48, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Pacific Basin Shipping Ltd that is +8.4 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Pacific Basin Shipping Ltd (2343) delivered so far?
Over the past 5 years revenue at Pacific Basin Shipping Ltd grew +7.2 % a year. The price currently implies +8.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Pacific Basin Shipping Ltd (2343) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Pacific Basin Shipping Ltd (+8.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pacific Basin Shipping Ltd (2343)?
The free-cash-flow yield on the price is 6.27 %: that much free cash flow Pacific Basin Shipping Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pacific Basin Shipping Ltd (2343)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pacific Basin Shipping Ltd it is HK$1.86 per share (as of Nov 1, 2026), against a price of HK$3.61. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Pacific Basin Shipping Ltd stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 2343 trades above its calculated fair value: price HK$3.61, fair value HK$1.86, a gap of about −48% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2343?
No. The price is what the market pays today (HK$3.61); the fair value is what the company's own numbers justify (HK$1.86). For Pacific Basin Shipping Ltd the two are HK$1.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pacific Basin Shipping Ltd worth?
The market values Pacific Basin Shipping Ltd at about HK$18.5B (market capitalisation, as of Nov 1, 2026). Per share that is HK$3.61; our models calculate a fair value of HK$1.86 per share.
What do the bullish and bearish scenarios say about 2343?
Our models span a range for Pacific Basin Shipping Ltd: cautious scenario HK$1.40, base HK$1.86, optimistic HK$2.33 per share (as of Nov 1, 2026, price HK$3.61). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2343?
Pacific Basin Shipping Ltd trades at a price-to-earnings ratio of 0.2 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$1.86 is built from several models across several years. Other multiples: PEG 0.5.
What is the PEG ratio of 2343?
The PEG ratio of Pacific Basin Shipping Ltd is 0.48 (P/E divided by earnings growth, as of Nov 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Pacific Basin Shipping Ltd (2343)?
Balance-sheet figures for Pacific Basin Shipping Ltd (as of Nov 1, 2026): return on equity 7.5%, debt of 0.04 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 2343 from its 52-week high?
Pacific Basin Shipping Ltd trades at HK$3.61, about 19% below its 52-week high of HK$4.43 and 68% above the low of HK$2.14 (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of HK$1.86 is for.
Which stocks are comparable to Pacific Basin Shipping Ltd?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Pacific Basin Shipping Ltd stock attractive at the current price?
The data as of Nov 1, 2026: price HK$3.61, calculated fair value HK$1.86 (−48%), Quality Score 60/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2343 calculated?
We run Pacific Basin Shipping Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$1.86, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.2 % above its aggregate fair value. Pacific Basin Shipping Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Pacific Basin Shipping Ltd (2343)?
The closing price on Nov 2, 2026 was HK$3.61. Our model-based fair value is HK$1.86, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pacific Basin Shipping Ltd right now?
The price sits above even our optimistic bull case (HK$2.33). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Pacific Basin Shipping Ltd
How large is the market capitalisation of Pacific Basin Shipping Ltd (2343)?
The market capitalisation of Pacific Basin Shipping Ltd is HK$18.5B (≈ $2.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the dividend yield of Pacific Basin Shipping Ltd (2343)?
The dividend yield of Pacific Basin Shipping Ltd is 0.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Pacific Basin Shipping Ltd (2343)?
The net margin of Pacific Basin Shipping Ltd is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Pacific Basin Shipping Ltd (2343)?
The return on equity (ROE) of Pacific Basin Shipping Ltd is 7.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Pacific Basin Shipping Ltd (2343)?
On an EBIT basis the return on assets of Pacific Basin Shipping Ltd is 13.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Pacific Basin Shipping Ltd (2343)?
The operating margin of Pacific Basin Shipping Ltd is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pacific Basin Shipping Ltd (2343)?
Revenue at Pacific Basin Shipping Ltd is growing +8.5% versus a year earlier (3y avg −14.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Pacific Basin Shipping Ltd (2343)?
Earnings per share at Pacific Basin Shipping Ltd are growing +309% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Pacific Basin Shipping Ltd (2343) hold?
Pacific Basin Shipping Ltd holds more cash than debt, $40.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 1, 2026